<SEC-DOCUMENT>0001144204-13-068409.txt : 20131220
<SEC-HEADER>0001144204-13-068409.hdr.sgml : 20131220
<ACCEPTANCE-DATETIME>20131220143737
ACCESSION NUMBER:		0001144204-13-068409
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20131218
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20131220
DATE AS OF CHANGE:		20131220

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK BANCORP INC
		CENTRAL INDEX KEY:			0001141688
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				431930755
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-33203
		FILM NUMBER:		131291143

	BUSINESS ADDRESS:	
		STREET 1:		701 POYNTZ AVENUE
		CITY:			MANHATTAN
		STATE:			KS
		ZIP:			66502
		BUSINESS PHONE:		7855652000

	MAIL ADDRESS:	
		STREET 1:		701 POYNTZ AVENUE
		CITY:			MANHATTAN
		STATE:			KS
		ZIP:			66502

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LANDMARK MERGER CO
		DATE OF NAME CHANGE:	20010530
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v363534_8k.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt; text-transform: uppercase"><B>United
States</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt; text-transform: uppercase"><B>Securities
And Exchange Commission</B></FONT><BR>
<B>Washington, D.C. 20549</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt; font-variant: small-caps"><B>FORM
8-K</B></FONT></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: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: normal">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: small-caps bold 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):
<B>December 18, 2013</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"><FONT STYLE="font-size: 24pt"><B>Landmark
Bancorp, Inc.</B></FONT><BR>
(Exact name of registrant as specified in charter)</P>

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; text-align: center"><B>Delaware</B></TD>
    <TD STYLE="width: 31%; text-align: center"><B>0-33203</B></TD>
    <TD STYLE="width: 38%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>43-1930755</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction<BR>
of incorporation)</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center">(I.R.S. Employer Identification<BR>
No.)</TD></TR>
</TABLE>
<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>701 Poyntz Avenue</B><BR>
<B>Manhattan, Kansas 66502</B><BR>
(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: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(785) 565-2000<BR>
<FONT STYLE="font-weight: normal; font-style: normal; font-variant: normal">(Registrant&rsquo;s telephone number, including area
code)</FONT></P>

<P STYLE="font: small-caps bold 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; text-indent: 0in"><B>N/A</B></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; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (<I>see</I> General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; 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"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; 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"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify">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 0pt 0.5in; text-align: justify; 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"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange&#9;Act (17 CFR 240.14d-2(b))</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; 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"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&uml;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange&#9;Act (17 CFR 240.13e-4(c))</FONT></TD>
</TR></TABLE>

<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; text-align: justify; text-indent: 0; border-top: Black 2pt solid; border-bottom: Black 2pt solid"><FONT STYLE="font-size: 1pt">&nbsp;</FONT></P>

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<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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 5.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.</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">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
December 18, 2013, Patrick L. Alexander, Chief Executive Officer and Chairman of Landmark Bancorp, Inc. (the &ldquo;<B>Company</B>&rdquo;)
and the Company&rsquo;s wholly-owned bank subsidiary, Landmark National Bank (the &ldquo;<B>Bank</B>&rdquo;), announced to the
board of directors (the &ldquo;<B>Board</B>&rdquo;) of the Company that he will be stepping down as Chief Executive Officer of
the Company and the Bank effective January 1, 2014. Mr. Alexander will serve as Executive Chairman of the Company and the Bank
and as Chairman of the Board of the Company and the Bank.</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">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
December 18, 2013, the Board of the Company appointed Michael E. Scheopner as Chief Executive Officer of the Company, effective
January 1, 2014. Mr. Scheopner, age 52, was also appointed Chief Executive Officer of the Bank. In May 2013, Mr. Scheopner was
appointed to serve as President of the Company and the Bank and was elected to serve as a director of the Company and the Bank,
and he will continue to serve in these roles. Mr. Scheopner had previously served as an Executive Vice President and Credit Risk
Manager of the Bank since October 2001, as an Executive Vice President of Security National Bank from March 1998 to October 2001
and as a Senior Vice President of Security National Bank from May 1996 to March 1998.</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 Company has entered into a new compensation
arrangement with Mr. Scheopner, as is described below. There is no arrangement or understanding between Mr. Scheopner and any other
person pursuant to which Mr. Scheopner was selected as Chief Executive Officer. Additionally, aside from his employment relationship,
Mr. Scheopner does not have any direct or indirect material interest in any transaction with the Company which would be required
to be disclosed pursuant to Item 404(a) of Regulation S-K, nor is Mr. Scheopner related to any other member of the Board or any
other executive officers of the Company.</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">A press release announcing the change of
Chief Executive Officer is attached as Exhibit 99.1 hereto and is incorporated herein by reference.</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">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
December 19, 2013, the Company and the Bank entered into new employment agreements (the &ldquo;<B>Agreements</B>&rdquo;) with each
of Patrick L. Alexander, Executive Chairman of the Company and the Bank, Michael E. Scheopner, President and Chief Executive Officer
of the Company and the Bank, and Mark A. Herpich, Vice President, Secretary, Treasurer, and Chief Financial Officer of the Company
and Executive Vice President and Chief Financial Officer of the Bank. The Agreements are effective as of January 1, 2014 for Messrs.
Alexander and Scheopner, and as of November 1, 2013 for Mr. Herpich. The Agreements amend and supersede the prior employment agreements
with each of Messrs. Alexander, Scheopner, and Herpich, which were filed as exhibits to the Company&rsquo;s Registration Statement
on Form S-4 (File Number 333-62466) on June 7, 2001. In addition, on December 19, 2013, the Company and the Bank entered into employment
agreements with three other officers of the Bank that are substantially similar to the Agreements.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Agreements have
initial terms of two years for Mr. Scheopner and one year for Messrs. Alexander and Herpich, and automatically extend for additional
one-year periods on the first anniversary of the effective date and each anniversary thereafter unless either party notifies the
other party of non-renewal no later than 90 days prior to such anniversary.</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">The Agreements establish
annual base salary rates for each of Messrs. Alexander, Scheopner and Herpich, which rates will be reviewed each year by the Board
for possible increase. The Agreements provide that the officers will be eligible to receive performance-based annual bonuses in
accordance with the Company&rsquo;s annual incentive plan, and also to receive employee benefits on as favorable a basis as other
similarly situated and performing executives of the Company, as well as use of an automobile and reimbursement of club fees. The
Agreements provide for severance benefits in the event of termination by the Company other than for cause or by the officer for
good reason, and enhanced severance benefits in the event of either type of termination within six months prior to or 24 months
following a change in control of the Company or in the event of a voluntary termination by the officer within 29 days following
a change in control. All severance benefits under the Agreements are contingent upon the respective officer&rsquo;s execution and
non-revocation of a general release and waiver of claims against the Company and its affiliates. The Agreements include a &ldquo;clawback&rdquo;
provision should any severance benefits require recapture under any applicable law. The Agreements also provide that, if necessary,
severance benefits will be reduced to an amount that is one dollar less than the maximum amount payable without loss of a deduction
under Section 280G of the Internal Revenue Code.</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">The Agreements contain
restrictive covenants prohibiting the unauthorized disclosure of confidential information of the Company or its affiliates by the
officers during and after their employment with the Company, and prohibiting the officers from competing with the Company or its
affiliates and from soliciting their employees or customers during employment and for 18&nbsp;months after termination of employment
for any reason.</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">Copies of the Agreements
are filed as Exhibits 10.1, 10.2, and 10.3 hereto and are incorporated by reference herein. The foregoing summary of the Agreements
is qualified in its entirety by the full text of the Agreements.</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"><B>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
Statements and Exhibits.</B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse; margin-left: 0.5in">
<TR STYLE="vertical-align: top">
    <TD>(d)</TD>
    <TD COLSPAN="2"><U>Exhibits</U>.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1</FONT></TD>
    <TD STYLE="width: 86%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Employment Agreement between Landmark Bancorp, Inc., Landmark National Bank, and Patrick L. Alexander</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">10.2</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Employment Agreement between Landmark Bancorp, Inc., Landmark National Bank, and Michael E. Scheopner</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">10.3</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Employment Agreement between Landmark Bancorp, Inc., Landmark National Bank, and Mark A. Herpich</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">10.4</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Employment Agreement between Landmark Bancorp, Inc., Landmark National Bank, and Dean R. Thibault</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">10.5</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Employment Agreement between Landmark Bancorp, Inc., Landmark National Bank, and Mark J. Oliphant</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">10.6</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Employment Agreement between Landmark Bancorp, Inc., Landmark National Bank, and Bradly L. Chindamo</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">99.1</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Press Release dated December 20, 2013</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<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-align: center"><B>Signature</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: justify; 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; text-align: justify; text-indent: 0.5in">&nbsp;</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="text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Date: December 20, 2013</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>Landmark Bancorp, Inc.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 43%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Mark A. Herpich</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:</TD>
    <TD>Mark A. Herpich</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Vice President, Secretary, Treasurer, and</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Financial Officer</TD></TR>
</TABLE>
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<TYPE>EX-10.1
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<FILENAME>v363534_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt; font-variant: small-caps"><B>Employment
Agreement</B></FONT></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: justify; text-indent: 0.5in">This<FONT STYLE="font-variant: small-caps"><B>
Employment Agreement </B></FONT>is made and entered into effective January 1, 2014,<B> </B>by and among <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT>, a Delaware corporation, <FONT STYLE="font-variant: small-caps"><B>Landmark National Bank</B></FONT>,
a Kansas chartered bank with its main office located in Manhattan, Kansas, and Patrick L. Alexander. As used in this Agreement,
capitalized terms have the meanings set forth in <B>Section 21</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: center"><FONT STYLE="font-variant: small-caps"><B>Recitals</B></FONT></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: justify; text-indent: 0.5in"><B>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Bank is a wholly-owned subsidiary of the Company.</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"><B>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
is currently employed as Chief Executive Officer of the Company and of the Bank, pursuant to that certain employment agreement,
dated 10/9/2001, among the Company, the Bank, and Executive, as amended (the &ldquo;<B>Prior Employment Agreement</B>&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"><B>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company and the Bank desire to continue to employ Executive pursuant to the terms of this Agreement and Executive desires to continue
to be employed by the Company and the Bank pursuant to such terms. Mr. Alexander is currently serving as Chief Executive Officer
of the Company and the Bank. It is agreed by the Parties that effective January 1, 2014, the effective date of this Agreement,
Mr. Alexander will commence service to the Company and the Bank as Executive Chairman.</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"><B>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties have made commitments to each other on a variety of important issues concerning Executive&rsquo;s employment, including
the performance that will be expected of Executive, the compensation Executive will be paid, how long and under what circumstances
Executive will remain employed, and the financial details relating to any decision that either the Company or Executive may make
to terminate this Agreement and Executive&rsquo;s employment with the Company.</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"><B>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties desire to enter into this Agreement as of the Effective Date and to have this Agreement supersede all prior employment
agreements between the Parties, including the Prior Employment Agreement, whether or not in writing, and to have any such prior
employment agreements become null and void as of the Effective Date.</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: center"><FONT STYLE="font-variant: small-caps"><B>Agreement</B></FONT></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: justify; text-indent: 0.5in">In consideration of
the foregoing and the mutual promises and covenants of the Parties set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
expressly covenant and agree as follows:</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"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Period</U>.</B> The Company shall continue to employ Executive during the Employment Period and Executive shall remain in the employ
of the Company and provide services to the Company during the Employment Period in accordance with the terms of this Agreement.
The &ldquo;<B>Employment Period</B>&rdquo; shall be the period beginning on the Effective Date and ending on the one year anniversary
of the Effective Date, unless sooner terminated as provided herein, <I>provided</I> that the Employment Period shall be extended
automatically for one additional year beginning on the one year anniversary of the Effective Date and on each anniversary thereafter
unless either Party notifies the other Party, by written notice delivered no later than 90 days prior to such anniversary, that
the Employment Period shall not be extended. Notwithstanding any provision of this Agreement to the contrary, if a Change in Control
occurs during the Employment Period, this Agreement shall remain in effect for the two-year period immediately following the Change
in Control and shall then terminate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties</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: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>During
the Employment Period, Executive shall devote Executive&rsquo;s full business time, energy, and talent to serving as Executive
Chairman of the Company and Executive Chairman of the Bank, subject to the direction of the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall have the duties that are commensurate with Executive&rsquo;s positions and any other duties that may be assigned to Executive
by the Board of Directors, and Executive shall perform all such duties faithfully and efficiently. Executive shall have such powers
as are inherent to the undertakings applicable to Executive&rsquo;s positions and necessary to carry out the duties required of
Executive hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
the foregoing provisions of this <B>Section&nbsp;2</B>, during the Employment Period, Executive may devote reasonable time to activities
other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature
to the extent such activities do not, in the judgment of the Board of Directors, inhibit, prohibit, interfere with, or conflict
with Executive&rsquo;s duties under this Agreement or conflict in any material way with the business of the Company or any Affiliate;
<I>provided, however,</I> that Executive shall not serve on the board of directors of any business (other than the Company or an
Affiliate) or hold any other position with any business without receiving the prior written consent of the Chairman of the Audit
Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Benefits</U>.</B> During the Employment Period, while Executive is employed by the Company, the Company shall compensate Executive
for Executive&rsquo;s services as follows:</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: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be paid a base salary at an annual rate of $225,000 (the &ldquo;<B>Annual Base Salary</B>&rdquo;), which shall be payable
in accordance with the normal payroll practices of the Company then in effect. Beginning in 2014, each year during the Employment
Period, Executive&rsquo;s Annual Base Salary shall be reviewed by the Board for possible increase, but not decrease, with any such
increase to be effective as of March 1 (the anniversary date) of the year of such adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to receive performance-based annual incentive bonuses (each, the &ldquo;<B>Incentive Bonus</B>&rdquo;) from the
Company for each fiscal year ending during the Employment Period. Incentive Bonuses shall be established and determined in accordance
with the Company&rsquo;s annual cash incentive plan, as may be in effect from time to time, or otherwise as determined by the Board.
Any Incentive Bonus shall be paid to Executive no later than two and one-half months after the close of the year in which it is
earned, <I>provided</I> that any Incentive Bonus shall not be considered earned until the Board has made all determinations and
taken all actions necessary to establish such Incentive Bonus.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to participate, subject to the terms thereof, in all incentive plans of the Company as may be in effect from
time to time with respect to senior executives employed by the Company, on as favorable a basis as other similarly situated and
performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
and Executive&rsquo;s dependents, as the case may be, shall be eligible to participate, subject to the terms thereof, in all pension
and similar benefit plans and all medical, dental, disability, group and executive life, accidental death and travel accident insurance,
and other similar welfare benefit plans of the Company as may be in effect from time to time with respect to senior executives
employed by the Company, on as favorable a basis as other similarly situated and performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be entitled to accrue paid vacation days and holidays in accordance with and subject to the Company&rsquo;s paid time off
programs and policies as may be in effect from time to time, <I>provided</I> that the minimum aggregate number of vacation days
and holidays Executive shall accrue per year is 20 days, beginning on each annual anniversary date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to be reimbursed by the Company, on terms that are substantially similar to those that apply to other similarly
situated and performing executives employed by the Company, for reasonable out-of-pocket expenses for entertainment, travel, meals,
lodging, and similar items that are consistent with the Company&rsquo;s expense reimbursement policy and that are actually incurred
by Executive in the promotion of the Company&rsquo;s business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company shall provide an automobile for Executive&rsquo;s use in the performance of Executive&rsquo;s duties hereunder and shall
pay all expenses for maintenance, repairs and insurance relating to that automobile, <I>provided, however</I>, that Executive shall
pay for all fuel charges and be reimbursed for business-related fuel expenses in accordance with the Company&rsquo;s policy regarding
such reimbursements. Executive shall report his business and personal use of the automobile in conformity with policies adopted
by the Company and personal use shall be reflected annually on the IRS Form W-2 of Executive as additional compensation for income
tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall receive reimbursement from the Company for membership dues, initiation fees, special assessments, and other business-related
expenses at a club mutually agreeable between Patrick L. Alexander and Landmark National Bank Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
upon Termination</U>.</B> This Agreement and Executive&rsquo;s employment under this Agreement may be terminated for any of the
reasons described in this <B>Section 4</B>. Executive&rsquo;s right to benefits, if any, for periods after the Termination Date
shall be determined in accordance with this <B>Section&nbsp;4</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: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Benefits</U>. </B>If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the
Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this <B>Section
4</B> or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant
to this <B>Section 4(a)</B> shall be provided within 30 days after the Termination Date; <I>provided</I>, <I>however</I>, that
any benefits, incentives, or awards payable as described in <B>Section&nbsp;4(g)(i)</B> shall be provided in accordance with the
terms of the applicable plan, program, or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing
in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following
the Termination Date for purposes of any plan, program, or arrangement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
for Cause, Death, Disability, Voluntary Resignation or Non-Renewal</U>. </B>If the Termination Date occurs during the Employment
Period and is a result of a Termination for any reason other than (i) an Involuntary Termination or (ii) a voluntary Termination
by Executive within 30 days following a Change in Control, then, other than the Minimum Benefits, Executive shall have no right
to benefits under this Agreement (and the Company and its Affiliates shall have no obligation to provide any such benefits) for
periods after the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Involuntary
Termination outside Covered Period</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination other than
during a Covered Period, then, in addition to the Minimum Benefits, the Company shall provide Executive the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the first regularly-scheduled payroll date following the 45th day following the Termination Date, Executive shall commence receiving
the Severance Amount (less any amount described in <B>Section&nbsp;4(c)(ii)</B>), with such amount to be paid in one payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent any portion of the Severance Amount exceeds the &ldquo;safe harbor&rdquo; amount described in Treasury Regulation Section
1.409A-1(b)(9)(iii)(A), Executive shall receive such portion of the Severance Amount that exceeds the &ldquo;safe harbor&rdquo;
amount in a single lump sum payment payable on the first regularly-scheduled payroll date following the 45th day following the
Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits described in <B>Section&nbsp;4(e)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control Termination</U>.</B> If Executive&rsquo;s employment is subject to (A) an Involuntary Termination during a Covered Period
or (B) a voluntary Termination by Executive within 29 days following a Change in Control, then, in addition to Minimum Benefits,
the Company shall provide Executive the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the 45th day following the Termination Date, the Company shall pay Executive a lump sum payment in an amount equal to the Severance
Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits provided in <B>Section&nbsp;4(e)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;&nbsp;</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: 1in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Medical
and Dental Benefits</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination, then to the extent that
Executive or any of Executive&rsquo;s dependents may be covered under the terms of any medical or dental plans of the Company (or
an Affiliate) for active employees immediately prior to the Termination Date, then, <I>provided</I> Executive is eligible for and
elects coverage under the health care continuation rules of COBRA, the Company shall provide, at the Company&rsquo;s expense, Executive
and those dependents with coverage equivalent to the coverage in effect immediately prior to the Involuntary Termination for a
period of 12 months following the Termination Date, and thereafter Executive shall be responsible for the full cost of such continued
coverage if the coverage continues beyond such period; <I>provided</I>, <I>however</I>, that such coverage shall be provided only
to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or
violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this <B>Section&nbsp;4(e)</B>
may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective
plans, <I>provided</I> that Executive and Executive&rsquo;s dependents comply with all of the terms of the substitute medical or
dental plans, and <I>provided</I>, <I>further</I>, that the cost to the Company and its Affiliates shall not exceed the cost for
continued COBRA coverage under the Company&rsquo;s (or an Affiliate&rsquo;s) plans, as set forth in the immediately preceding sentence.
In the event Executive or any of Executive&rsquo;s dependents is or becomes eligible for coverage under the terms of any other
medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits,
the Company&rsquo;s and its Affiliates&rsquo; obligations under this <B>Section&nbsp;4(e) </B>shall cease with respect to the eligible
Executive and/or dependent. Executive and Executive&rsquo;s dependents must notify the Company of any subsequent employment and
provide information regarding medical and/or dental coverage available.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Golden
Parachute Payment Adjustment</U>. </B>It is the intention of the Parties that no portion of any payment under this Agreement, or
payments to or for the benefit of Executive under any other agreement or plan, be deemed to be an Excess Parachute Payment. The
present value of payments to or for the benefit of Executive in the nature of compensation, receipt of which is contingent on a
Change in Control, and to which Code Section 280G applies (in the aggregate &ldquo;<B>Total Payments</B>&rdquo;) shall not exceed
an amount equal to $1.00 less than the maximum amount that the Company may pay without loss of deduction under Code Section 280G(a).
Present value for purposes of this <B>Section&nbsp;4(f) </B>shall be calculated in accordance with Code Section 280G(d)(4). Within
90 days following the earlier of the giving of the notice of termination or the giving of notice by the Company to Executive of
its belief that there is a payment or benefit due to Executive that will result in an Excess Parachute Payment, Executive and the
Company, at the Company&rsquo;s expense, shall obtain the opinion of such legal counsel and certified public accountants as Executive
may choose (notwithstanding the fact that such persons have acted or may also be acting as the legal counsel or certified public
accountants for the Company or the Bank), which opinions need not be unqualified, which set forth (i) the amount of the includable
compensation of Executive for the base period, as determined under Code Section 280G, (ii) the present value of Total Payments,
and (iii) the amount and present value of any Excess Parachute Payments. If such opinions determine that there would be an Excess
Parachute Payment, the payment hereunder or any other payment determined by such counsel to be includable in Total Payments shall
be modified, reduced, or eliminated as specified by Executive in writing delivered to the Company within 60 days of Executive&rsquo;s
receipt of such opinions or, if Executive fails to so notify the Company, then as the Company shall reasonably determine, so that
under the bases of calculation set forth in such opinions there will be no Excess Parachute Payment; <I>provided</I>, <I>however</I>,
that any such specification by Executive or the Company shall not be effective where it would result in an imposition of any additional
income tax under Code Section 409A. The provisions of this <B>Section&nbsp;4(f)</B>, including the calculations, notices, and opinions
provided for herein shall be based upon the conclusive presumption that (A) the compensation provided for in this Agreement and
(B) any other compensation earned by Executive pursuant to the Company&rsquo;s or the Bank&rsquo;s programs that would have been
provided in any event are reasonable compensation for services rendered, even though the timing of such payment is triggered by
the Change in Control; <I>provided</I>, <I>however</I>, that if such legal counsel so requests in connection with the opinion required
by this <B>Section&nbsp;4(f)</B>, Executive and the Company shall obtain, at the Company&rsquo;s expense, and the legal counsel
may rely on in providing the opinion, the advice of a firm of recognized executive compensation consultants as to the reasonableness
of any item of compensation to be received by Executive.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Benefits</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
rights following a Termination with respect to any benefits, incentives, or awards provided to Executive pursuant to the terms
of any plan, program, or arrangement sponsored or maintained by the Company or its Affiliates, whether tax-qualified or not, which
are not specifically addressed herein, shall be subject to the terms of such plan, program, or arrangement and this Agreement shall
have no effect upon such terms except as specifically provided herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as specifically provided herein, the Company and its Affiliates shall have no further obligations to Executive under this Agreement
following a Termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Removal
from any Boards and Positions</U>.</B> Unless otherwise agreed to in writing by the Parties at the time of Termination, upon a
Termination, Executive shall be deemed to resign (i)&nbsp;if a member, from the Board and the board of directors of any Affiliate
and any other board to which Executive has been appointed or nominated by or on behalf of the Company or an Affiliate, (ii)&nbsp;from
each position with the Company and any Affiliate, including as an officer of the Company or an Affiliate and (iii) as a fiduciary
of any employee benefit plan of the Company and any Affiliate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Regulatory
Suspension and Termination</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by a notice served under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall be suspended as of the date of service, unless stayed by appropriate proceedings, <I>provided</I> that if the charges in
such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its
and the Affiliates&rsquo; obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and
the Affiliates&rsquo; obligations that were suspended, all in accordance with Code Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is removed or permanently prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by an order issued under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall terminate as of the effective date of the order, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested
rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;&nbsp;</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: 1in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company is in default as defined in Section 3(x) of the FDIA, all obligations of the Company under this Agreement shall terminate
as of the date of default, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations of the Company under this Agreement shall be terminated, except to the extent determined by the FDIC that continuation
of this Agreement is necessary for the continued operation of the institution, at the time the FDIC enters into an agreement to
provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA, or when the Company
is determined by the FDIC to be in an unsafe or unsound condition, <I>provided</I> that this <B>Section 4(i)</B> shall not affect
any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with
Section 18(k) of the FDIA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Clawback</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, if any Severance Restrictions require the recapture or &ldquo;clawback&rdquo;
of any amount paid to Executive under this Agreement following the Termination Date, Executive shall repay to the Company the aggregate
amount of any such payments, with such repayment to occur no later than 30 days following Executive&rsquo;s receipt of a written
notice from the Company indicating that payments received by Executive under this Agreement are subject to recapture or clawback
pursuant to the Severance Restrictions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, Executive shall not be entitled to any benefits under <FONT STYLE="text-underline-style: double"><B>Section&nbsp;4(c)</B><FONT STYLE="font-weight: normal">,
</FONT><B>Section&nbsp;4(d)</B><FONT STYLE="font-weight: normal">, or </FONT><B>Section&nbsp;4(e)</B></FONT> (other than the Minimum
Benefits), and shall repay to the Company any such benefits received, unless Executive executes (without subsequent revocation)
and delivers to the Company a Release within 21 days (or such longer period to the extent required by applicable law) following
the Termination Date.</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"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictive
Covenants</U>. </B>Executive acknowledges that Executive has been and will continue to be provided intimate knowledge of the business
practices, trade secrets, and other confidential and proprietary information of the Company (including the Confidential Information),
which, if exploited by Executive, would seriously, adversely, and irreparably affect the interests of the Company and the ability
of the Company to continue its business. Executive further acknowledges that, during the course of Executive&rsquo;s employment
with the Company, Executive may produce and have access to Confidential Information.</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: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Information</U>. </B>During the course of Executive&rsquo;s employment and following a Termination:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other
than the Company, except to the extent that such information is or thereafter becomes lawfully available from public sources, or
such disclosure is authorized in writing by the Company, required by law, or otherwise as reasonably necessary or appropriate in
connection with the performance by Executive of Executive&rsquo;s duties to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive receives a subpoena or other court order or is otherwise required by law to provide information to a governmental authority
or other person concerning the activities of the Company or its Affiliates, or Executive&rsquo;s activities in connection with
the business of the Company or its Affiliates, Executive shall immediately notify the Company of such subpoena, court order, or
other requirement and deliver forthwith to the Company a copy thereof and any attachments and non-privileged correspondence related
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall take reasonable precautions to protect against the inadvertent disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall abide by the Company&rsquo;s policies, as in effect from time to time, respecting avoidance of interests conflicting with
those of the Company and its Affiliates. In this regard, Executive shall not directly or indirectly render services to any person
or entity where Executive&rsquo;s service would involve the use or disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not use any Confidential Information to guide Executive in searching publications or other publicly available information,
selecting a series of items of knowledge from unconnected sources, and fitting them together to claim that Executive did not violate
any terms set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Documents
and Property</U>. </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
records, files, documents, and other materials or copies thereof relating to the business of the Company or its Affiliates that
Executive prepares, receives, or uses, shall be and remain the sole property of the Company and, other than in connection with
the performance by Executive of Executive&rsquo;s duties to the Company, shall not be removed from the premises of the Company
or its Affiliates without the Company&rsquo;s prior written consent, and shall be immediately returned to the Company upon a Termination,
together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made
from or about the records, files, documents, or other materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that Executive&rsquo;s access to and permission to use the Company&rsquo;s and its Affiliates&rsquo; computer systems,
networks, and equipment, and all the Company and Affiliate information contained therein, is restricted to legitimate business
purposes on behalf of the Company and reasonable personal use in accordance with the Company&rsquo;s applicable policies and procedures.
Any other access to or use of such systems, networks, equipment, and information is without authorization and is prohibited. The
restrictions contained in this <B>Section&nbsp;6(b)</B> extend to any personal computers or other electronic devices of Executive
that are used for business purposes relating to the Company or its Affiliates. Executive shall not transfer any Company or Affiliate
information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to
the Company or an Affiliate. Upon a Termination, Executive&rsquo;s authorization to access and permission to use the Company&rsquo;s
and its Affiliates&rsquo; computer systems, networks, and equipment, and any Company and Affiliate information contained therein,
shall cease, and Executive shall delete any Company and Affiliate information from Executive&rsquo;s personal computer or other
electronic device.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition
and Non-Solicitation</U>. </B>The primary service area of the Company&rsquo;s business in which Executive will actively participate
extends separately to the Restricted Area. Therefore, as an essential ingredient of and in consideration of this Agreement and
Executive&rsquo;s employment with the Company, Executive shall not, during Executive&rsquo;s employment with the Company or during
the Restricted Period, directly or indirectly do any of the following (all of which are collectively referred to in this Agreement
as the &ldquo;<B>Restrictive Covenant</B>&rdquo;):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engage
or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation, or control of, be employed
by, associated with, or in any manner connected with, serve as a director, officer, or consultant to, lend Executive&rsquo;s name
or any similar name to, lend Executive&rsquo;s credit to or render services or advice to, in each case in the capacity (or any
substantially similar capacity) that Executive provided services to the Company, any person, firm, partnership, corporation, other
business entity, or trust that owns, operates, or is in the process of forming a Competitor with an office located, or to be located
at an address identified in a filing with any regulatory authority, within the Restricted Area; <I>provided</I>,<I> however</I>,<I>
</I>that the ownership by Executive of shares of the capital stock of any institution, which shares are listed on a securities
exchange and that do not represent more than 1% of the institution&rsquo;s outstanding capital stock, shall not violate any terms
of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Induce
or attempt to induce any employee of the Company or its Affiliates to leave the employ of the Company or its Affiliates; (B)&nbsp;interfere
with the relationship between the Company or its Affiliates and any employee of the Company or its Affiliates; or (C)&nbsp;induce
or attempt to induce any customer, supplier, licensee, or other business relation of the Company or its Affiliates with whom Executive
had an ongoing business relationship to cease doing business with the Company or its Affiliates or interfere with the relationship
between the Company or its Affiliates and their respective customers, suppliers, licensees, or other business relations with whom
Executive had an ongoing business relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solicit
the business of any person or entity known to Executive to be a customer of the Company or its Affiliates, where Executive, or
any person reporting to Executive, had accessed Confidential Information of, had an ongoing business relationship with, or had
made Substantial Business Efforts with respect to, such person or entity, with respect to products, activities, or services that
compete in whole or in part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Serve
as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any
Competitor within the Restricted Area, with respect to products, activities, or services that Executive devoted time to on behalf
of the Company or any Affiliate (or any substantially similar products, activities, or services) and that compete in whole or in
part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accept
employment with, provide services to, or act in any other such capacity for or with any Competitor, if in such employment or capacity
Executive would inevitably use or disclose the Company&rsquo;s Confidential Information in Executive&rsquo;s work or service for
such Competitor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Works
Made for Hire; Ownership of Company Work Product.</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties understand and agree that all work prepared by Executive for the Company or for its Affiliates shall be a Work Made For
Hire as such phrase is defined under the U.S. Copyright laws, 17 U.S.C. &sect; 101 <I>et seq.</I>, and if such work does not qualify
as a Work Made For Hire, Executive shall, and does, assign to the Company all of Executive&rsquo;s right, title, and interest in
and to the work, including all patent, copyright, trademark, and other proprietary rights thereto.&nbsp; Executive waives and releases
all moral rights in any of the works as Executive may possess by virtue of the Visual Artist&rsquo;s Moral Rights Act of 1990 and
various country or state laws of attribution, authorship, and integrity commonly referred to as Moral Rights Law.&nbsp; Executive
shall not assert any claim based upon such moral rights against the Company, the Affiliates, or any of their respective successors
in interest or assigns.&nbsp; Executive shall have no right, title, or interest in any of the work and shall not be entitled to
any royalties or other proceeds received by the Company or its Affiliates from the commercialization in any manner of the work.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
hereby assigns to the Company any right, title, and interest in and to all Company Work Product that Executive may have, by law
or equity, without additional consideration of any kind whatsoever from the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Company Work Product (including obtaining patent, copyright,
trademark, or other intellectual property protection therefore in the United States and foreign countries).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Confidential Information
and Company Work Product, and the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and
otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive
right, title, and interest in and to the Confidential Information and Company Work Product, and shall not contest, challenge or
make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity of the Confidential Information
and Company Work Product, any future application for registration or registration thereof, or any rights of the Company or its
Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo; right,
title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent required by applicable state statute, this <B>Section&nbsp;6(d) </B>shall not apply to an invention for which no equipment,
supplies, facility, or trade secret information of the Company or its Affiliates was used and that was developed entirely on Executive&rsquo;s
own time, unless the invention (i) relates to the business of the Company or an Affiliate or to the Company&rsquo;s or an Affiliate&rsquo;s
actual or demonstrably anticipated research or development or (ii) results from any work performed by Executive for the Company
or an Affiliate.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent
and Release</U>. </B>From time to time, the Company&rsquo;s store locations may be the subject of a Promotional Work.&nbsp; Executive
acknowledges that Executive is aware that Executive&rsquo;s name, image, and likeness may be captured in such Promotional Work,
and hereby consents and agrees that the Company may use Executive&rsquo;s name, image, and likeness as captured in the Promotional
Work in any manner, in connection with the Company&rsquo;s products and services, and, at all times, the Company, its Affiliates,
and, without limitation, their respective customers, successors, licensees, and assigns, may continue to use the Promotional Work
that includes Executive&rsquo;s name, image, or likeness.&nbsp; Executive, Executive&rsquo;s heirs, predecessors, successors, assigns,
and all affiliated entities hereby fully and finally release, remise, and forever discharge the Company, its Affiliates, their
respective predecessors, successors, assigns, and all affiliated entities, and each of their respective directors, officers, members,
shareholders, partners, employees, customers, agents, and attorneys, to the extent that such apply, of and from any and all manner
of actions, causes of action, losses, claims, demands, liabilities, obligations, suits, debts, sums of money, accounts, reckonings,
bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, and executions,
in law or in equity, that arise out of or are related to the Company&rsquo;s or its Affiliates&rsquo; use of a Promotional Work
that includes Executive&rsquo;s name, image, or likeness.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Online
Medium</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not create or otherwise establish any Online Medium without the Company&rsquo;s prior written consent.&nbsp; Notwithstanding
the foregoing, if Executive creates an Online Medium without such prior written consent, Executive shall, and hereby does (A) assign
to the Company any right, title, and interest Executive may have in and to the Online Medium and (B) transfer to the Company all
primary administrative rights to the Online Medium, including all codes and passwords.&nbsp; If the Company has approved the content
of any material to be posted or otherwise used online and obtained primary administrative rights to the Online Medium, then the
Company may, at its sole and absolute discretion, provide Executive with subordinate administrative access to, and guidelines for,
Executive&rsquo;s use of such Online Medium in connection with Executive&rsquo;s duties under this Agreement.&nbsp; Executive has
no right, title, or interest to any material or other information on any Online Medium including all &ldquo;fans,&rdquo; &ldquo;followers,&rdquo;
&ldquo;friends,&rdquo; and &ldquo;contacts&rdquo; associated therewith that mentions, uses, or refers in any way to Company Proprietary
and Intellectual Property, Company Work Product, or Confidential Information, which shall remain the sole and exclusive property
of the Company, even if such Online Medium is established by Executive or otherwise held in the name of Executive.&nbsp; Upon a
Termination, the Company will remove Executive&rsquo;s administrative access to the Online Medium.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Online Medium (including obtaining any available intellectual
property or similar protection therefore in the United States and foreign countries).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Online Medium, and
the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and otherwise exploit and dispose
of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive right, title, and interest in
and to the Online Medium, and shall not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo;
ownership of or the validity of the Online Medium, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Company
Proprietary and Intellectual Property</U>.</B> The Company or its Affiliates shall at all times own and have exclusive right, title,
and interest in and to all Company Proprietary and Intellectual Property, and the Company or its Affiliates shall retain the exclusive
right to use, license, sell, transfer, and otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s
or its Affiliates&rsquo; exclusive right, title, and interest in and to Company Proprietary and Intellectual Property, and shall
not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity
of Company Proprietary and Intellectual Property, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.&nbsp; Executive shall not use or otherwise exploit any of Company Proprietary and Intellectual
Property in any manner not authorized by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies
for Breach of Restrictive Covenant</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel,
and Executive acknowledges that the covenants contained in this <B>Section&nbsp;6</B> are reasonable with respect to their duration,
geographical area, and scope.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that (A) the restrictions contained in this <B>Section&nbsp;6</B> are reasonable and necessary for the protection
of the legitimate business interests of the Company, (B) such restrictions create no undue hardships, (C) any violation of these
restrictions would seriously, adversely, and irreparably injure the Company and such interests, and (D) such restrictions were
a material inducement to the Company to employ Executive and to enter into this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
must, and the Company may, communicate the existence and terms of this Agreement to any third party with whom Executive may seek
or obtain future employment or other similar arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of any violation or threatened violation of the restrictions contained in this <B>Section&nbsp;6</B>, the Company, in
addition to and not in limitation of, any other rights, remedies, or damages available to the Company under this Agreement or otherwise
at law or in equity, shall not be required to provide any amounts or benefits under this Agreement and shall be entitled to preliminary
and permanent injunctive relief to prevent or restrain any such violation by Executive and all persons directly or indirectly acting
for or with Executive, as the case may be, without any requirement that the Company post bond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive violates the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall
not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the Restrictive
Covenant; accordingly, the Restrictive Covenant shall be deemed to have the duration specified herein computed from the date the
relief is granted but reduced by the time between the period when the Restricted Period began to run and the date of the first
violation of the Restrictive Covenant by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Agreements</U>.</B> In the event of the existence of another agreement between the Parties that (i)&nbsp;is in effect during the
Restricted Period, and (ii)&nbsp;contains restrictive covenants that conflict with any of the provisions of this <B>Section&nbsp;6</B>,
then the more restrictive of such provisions from the two agreements shall control for the period during which both agreements
would otherwise be in effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Set-Off; No Mitigation</U>.</B> Except as provided herein, the Company&rsquo;s obligation to provide benefits under this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim,
recoupment, defense, or other right the Company may have against Executive or others. In no event shall Executive be obligated
to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions
of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.</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"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.</B>
Notices and all other communications under this Agreement shall be in writing and shall be deemed given when mailed by United States
registered or certified mail, return receipt requested, postage prepaid, addressed as follows: if to the Company, to the principal
headquarters of the Company, attention: Vice President Human Resources, with a copy to the Chairman of the Audit Committee; and
if to Executive, to Executive&rsquo;s most recent address in the Company&rsquo;s records; or, in each respective case, to such
other address as either Party may furnish to the other in writing, except that notices of changes of address shall be effective
only upon receipt.</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"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>.</B> This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</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"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice
of Venue and Consent to Jurisdiction</U>.</B> Each Party hereby irrevocably submits to the exclusive jurisdiction of the courts
located in the City of Manhattan, Kansas, if such courts have or can acquire jurisdiction, and if such jurisdiction does not exist
and cannot be acquired, to the exclusive jurisdiction of the United States District Court serving the City of Manhattan, Kansas,
for the purpose of any suit, action, or other proceeding arising out of or based on this Agreement or any other agreement contemplated
hereby or any subject matter hereof, whether in tort, contract, or otherwise.</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"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service
of Process</U>.</B> Each Party may be served with process in any manner permitted under State of Kansas law, or by United States
registered or certified mail, return receipt requested.</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"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement</U>. </B>This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof, and
supersedes all prior negotiations, undertakings, agreements, and arrangements with respect thereto, whether written or oral, including
the Prior Employment Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding
of Taxes</U>.</B> The Company may withhold from any benefits payable under this Agreement all federal, state, city and other taxes
as may be required pursuant to any law, governmental regulation, or ruling.</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"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Assignment</U>.</B> Executive&rsquo;s right to receive benefits under this Agreement shall not be assignable or transferable whether
by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution.
In the event of any attempted assignment or transfer contrary to this <B>Section&nbsp;14</B>, the Company and its Affiliates shall
have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and
be enforceable by Executive&rsquo;s personal and legal representatives, executors, administrators, successors, heirs, distributees,
devisees, and legatees.</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"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors, and assigns.</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"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal
Fees</U>.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or
protect such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be
entitled to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other
costs relating to such action, in addition to all other entitled relief, including damages and injunctive relief.</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"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.</B>
This Agreement may not be amended or modified except by written agreement signed by the Parties.</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"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code
Section 409A</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: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>To
the extent any provision of this Agreement or action by the Company would subject Executive to liability for interest or additional
taxes under Code Section 409A, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Company.
It is intended that this Agreement will comply with Code Section 409A, and this Agreement shall be administered accordingly and
interpreted and construed on a basis consistent with such intent. Notwithstanding any provision of this Agreement to the contrary,
no termination or similar payments or benefits shall be payable hereunder on account of a Termination unless such Termination constitutes
a &ldquo;separation from service&rdquo; within the meaning of Code Section 409A. For purposes of Code Section 409A, all installment
payments of deferred compensation made hereunder, or pursuant to another plan or arrangement, shall be deemed to be separate payments.
To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Code Section 409A, such reimbursements
and in-kind benefit payments shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv). This Agreement may
be amended to the extent necessary (including retroactively) by the Company to avoid the application of taxes or interest under
Code Section 409A, while maintaining to the maximum extent practicable the original intent of this Agreement. This <B>Section&nbsp;18</B>
shall not be construed as a guarantee of any particular tax effect for Executive&rsquo;s benefits under this Agreement and the
Company does not guarantee that any such benefits will satisfy the provisions of Code Section&nbsp;409A or any other provision
of the Code.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
any provision of this Agreement to the contrary, if Executive is determined to be a Specified Employee as of the Termination Date,
then, to the extent required pursuant to Code Section 409A, payments due under this Agreement that are deemed to be deferred compensation
shall be subject to a six-month delay following the Termination Date; and all delayed payments shall be accumulated and paid in
a lump-sum payment as of the first day of the seventh month following the Termination Date (or, if earlier, as of Executive&rsquo;s
death), with all such delayed payments being credited with interest (compounded monthly) for this period of delay equal to the
prime rate in effect on the first day of such six-month period. Any portion of the benefits hereunder that were not otherwise due
to be paid during the six-month period following the Termination Date shall be paid to Executive in accordance with the payment
schedule established herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Scope
of Company and Affiliate Obligations</U>. </B>Although the Company and its Affiliates may have jointly obligated themselves to
Executive under certain provisions of this Agreement, in no event shall Executive be entitled to more than what is explicitly provided
for hereunder, such that no duplicative payments shall be provided under this Agreement.</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"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction</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: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>In
this Agreement, unless otherwise stated, the following uses apply: (i)&nbsp;references to a statute refer to the statute and any
amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or its
successors, as in effect at the relevant time; (ii)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including,&rdquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (iii)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (iv)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (v)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (vi)&nbsp;all references to preambles, recitals,
sections, and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (vii)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (viii)&nbsp;any reference to a document or set of documents, and the rights and obligations of
the parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (ix)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (x)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (xi)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>If
a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity
or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement
and all other provisions shall remain in full force and effect.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
various covenants and provisions of this Agreement are intended to be severable and to constitute independent and distinct binding
obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Without
limiting the generality of the foregoing, if the scope of any covenant contained in this Agreement is too broad to permit enforcement
to its full extent, such covenant shall be enforced to the maximum extent permitted by law, and such scope may be judicially modified
accordingly.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.</B>
As used in this Agreement, the terms defined in this <B>Section 21 </B>have the meanings set forth below.</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: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>1934
Act</B>&rdquo; means the Securities Exchange Act of 1934.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Affiliate</B>&rdquo;
means each Business Entity that, directly or indirectly, is controlled by, controls, or is under common control with, the Company,
where &ldquo;control&rdquo; means (i) the ownership of more than 50% of the Voting Securities or other voting or equity interests
of any Business Entity, or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Business Entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Agreement</B>&rdquo;
means this employment agreement, made and entered into as of the Effective Date, by and between the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Annual
Base Salary</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(a)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Average
Incentive Bonus</B>&rdquo; means the average of Incentive Bonuses determined for the immediately preceding three completed fiscal
years of the Company; <I>provided, however</I>, that if an Incentive Bonus has not yet been determined for a previously completed
fiscal year as of the Termination Date, then Target Bonus shall be used with respect to such fiscal year for purposes of calculating
the Average Incentive Bonus. For purposes of calculating the Average Incentive Bonus, fiscal years for which no bonus was determined
to have been earned shall be included in the calculation of the three-year average.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank</B>&rdquo;
means Landmark National Bank, a national chartered bank with its main office located in Manhattan, Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank
Board</B>&rdquo; means the Board of Directors of the Bank.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Base
Compensation</B>&rdquo; means the amount equal to the sum of (i)&nbsp;the greater of Executive&rsquo;s then-current Annual Base
Salary or Executive&rsquo;s Annual Base Salary as of the date one day prior to the Change in Control, (ii)&nbsp;the Average Incentive
Bonus, and (iii)&nbsp;the contributions made or credited by the Company under all employee retirement plans for the benefit of
Executive (other than elective deferrals by Executive) for the most recently completed fiscal year of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Board</B>&rdquo;
means the Board of Directors of the Company.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Business
Entity</B>&rdquo; means any corporation, partnership, limited liability company, joint venture, association, partnership, business
trust or other business entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Change
in Control</B>&rdquo; means the first to occur of the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation of the acquisition by any &ldquo;person&rdquo; (as such term is defined in Section 13(d) or 14(d) of the 1934 Act)
of &ldquo;beneficial ownership&rdquo; (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of more than 50% of the
combined voting power of the then outstanding Voting Securities of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
any 12-month period, the individuals who, as of the Effective Date, are members of the Board cease for any reason to constitute
a majority of the Board, unless the election, or nomination for election by the Company&rsquo;s shareholders, of any new director
was approved by a vote of a majority of the Board, in which case such new director shall, for purposes of this Agreement, be considered
as a member of the Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation by the Company of: (A) a merger or consolidation if the Company&rsquo;s shareholders immediately before such merger
or consolidation do not, as a result of such merger or consolidation, own, directly or indirectly, more than 50% of the combined
voting power of the then outstanding Voting Securities of the entity resulting from such merger or consolidation in substantially
the same proportion as their ownership of the combined voting power of the Voting Securities of the Company outstanding immediately
before such merger or consolidation; or (B) a complete liquidation or dissolution of, or an agreement for the sale or other disposition
of all or substantially all of the assets of, the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Notwithstanding any provision
of this definition to the contrary, a Change in Control shall not be deemed to have occurred solely because more than 50% of the
combined voting power of the then outstanding securities of the Company are acquired by (A) a trustee or other fiduciary holding
securities under one or more employee benefit plans maintained by the Company or an Affiliate or (B) any corporation that, immediately
prior to such acquisition, is owned directly or indirectly by the Company&rsquo;s shareholders in the same proportion as their
ownership of stock immediately prior to such acquisition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Further notwithstanding
any provision of this definition to the contrary, in the event that any amount or benefit under this Agreement constitutes deferred
compensation under Code Section 409A and the settlement of or distribution of such amount or benefit is to be triggered by a Change
in Control, then such settlement or distribution shall be subject to the event constituting the Change in Control also constituting
a &ldquo;change in control event&rdquo; under Code Section 409A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>COBRA</B>&rdquo;
means the Consolidated Omnibus Budget Reconciliation Act of 1985.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Code</B>&rdquo;
means the Internal Revenue Code of 1986.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company</B>&rdquo;
means Landmark Bancorp, Inc., a Delaware corporation.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Proprietary and Intellectual Property</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases,
plans, lists, inventions, discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created,
compiled, or otherwise developed by the Company or its Affiliates and/or comprised, in whole or part, of Confidential Information,
together with all patent rights, copyrights, trademarks, service marks, trade name rights and other source identifiers, trade secrets,
and other intellectual property and property rights therein, if any.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Work Product</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases, plans, lists, inventions,
discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created, compiled, or otherwise
developed by Executive in the course of Executive&rsquo;s employment with the Company or its Affiliates and/or comprised, in whole
or part, of Confidential Information, together with all patent rights, copyrights, trademarks, service marks, trade name rights,
trade secrets, and other intellectual property and propriety rights therein, if any. Notwithstanding the foregoing sentence, to
the extent required by applicable state statute, Company Work Product shall not include (i) any inventions independently developed
by Executive and not derived, in whole or part, from any Confidential Information or (ii) any invention made by Executive prior
to Executive&rsquo;s exposure to any Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Competitor</B>&rdquo;
means a bank, savings bank, savings and loan association, credit union, or similar financial institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Confidential
Information</B>&rdquo; means confidential or proprietary non-public information concerning the Company or its Affiliates, including
research, development, designs, formulae, processes, specifications, technologies, marketing materials, financial and other information
concerning customers and prospective customers, customer lists, records, data, computer programs, source codes, object codes, database
structures, trade secrets, proprietary business information, pricing and profitability information, policies, strategic planning,
commitments, plans, procedures, litigation, pending litigation, and other information not generally available to the public.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Covered
Period</B>&rdquo; means the period beginning six months prior to a Change in Control and ending on the date that is 24 months after
the Change in Control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Disability</B>&rdquo;
means that (i)&nbsp;Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, or (ii)&nbsp;Executive is, by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than three months under an accident or health plan covering employees of the Company. In the
event of a dispute regarding whether Executive has incurred a Disability, each of Executive and the Company shall choose a physician
who together shall choose a third physician to make a final determination regarding whether Executive has incurred a Disability.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Effective
Date</B>&rdquo; means January 1, 2014.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Employment
Period</B>&rdquo; has the meaning set forth in <B>Section&nbsp;1</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Excess
Parachute Payment</B>&rdquo; has the meaning set forth in Code Section&nbsp;280G.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Executive</B>&rdquo;
means Patrick L. Alexander.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIA</B>&rdquo;
means the Federal Deposit Insurance Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIC</B>&rdquo;
means the Federal Deposit Insurance Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Good
Reason</B>&rdquo; means the occurrence of any one of the following events, unless Executive agrees in writing that such event shall
not constitute Good Reason:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material and adverse change in the nature, scope, or status of Executive&rsquo;s position, authorities, or duties from those in
effect in accordance with <B>Section&nbsp;2</B>; <I>provided</I>, <I>however</I>, that a change in title as a result of a merger
or reorganization of the Company or the Bank, where Executive maintains a similar level of responsibility or oversight (including,
where applicable, duties with respect to a public company officer or director), shall not constitute Good Reason or a breach of
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material reduction in Executive&rsquo;s then-current Annual Base Salary, or a material reduction in Executive&rsquo;s aggregate
benefits or other compensation plans in effect immediately following the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
relocation of Executive&rsquo;s primary place of employment of more than 25 miles, which relocation also causes Executive&rsquo;s
primary place of employment to be located further from Executive&rsquo;s primary residence;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Removal
of Executive from, or failure to elect Executive to, the Board or the Bank Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by the Company of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Notwithstanding
any provision of this Good Reason definition to the contrary, (A) prior to a Termination for Good Reason, Executive must give the
Company written notice of the existence of any condition set forth in a clause immediately above within 90 days of its initial
existence and the Company shall have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason,
if curable, and if, during such 30-day period, the Company cures the condition giving rise to Good Reason, such condition shall
not constitute Good Reason and (B)&nbsp;any Termination for Good Reason must occur within six months of the initial existence of
the condition constituting Good Reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Incentive
Bonus</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(b)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Involuntary
Termination</B>&rdquo; means a Termination during the Employment Period either:</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
the Company, other than (A) a Termination for Cause, (B) a termination as a result of Executive&rsquo;s death or Disability, or
(C) a termination due to the expiration of this Agreement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
Executive for Good Reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Minimum
Benefits</B>&rdquo; means, as applicable, the following:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Annual Base Salary for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; <I>provided</I>, <I>however</I>,
that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
accrued but unpaid vacation pay for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
unreimbursed business expenses through and including the Termination Date, <I>provided</I> that all required submissions for expense
reimbursement are made in accordance with the Company&rsquo;s expense reimbursement policy and within 15 days following the Termination
Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
benefits, incentives, and awards described in <B>Section&nbsp;4(g)(i)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Online
Medium</B>&rdquo; means any website, domain, social network account or identity, blog, feed, email address, email distribution
list, or other Internet account or presence (including Instagram, Tumblr, Facebook, Twitter, and Flicker) that incorporates, exploits,
utilizes, displays, or otherwise makes use of any of the Company Proprietary and Intellectual Property, Company Work Product, or
Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Parties</B>&rdquo;
means the Company, the Bank, and Executive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Prior
Employment Agreement</B>&rdquo; has the meaning set forth in the Recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(hh)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Promotional
Work</B>&rdquo; means, without limitation, photographs, films, clips, sketches, segments, and other media and promotional works.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Release</B>&rdquo;
means a general release and waiver substantially in the form attached hereto as Exhibit A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(jj)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Area</B>&rdquo; means the area that encompasses a 35-mile radius from each banking or other office location of the Company and
its Affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(kk)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Period</B>&rdquo; means a period of 18 months immediately following a Termination, whether such Termination occurs during the Employment
Period or thereafter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ll)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restrictive
Covenant</B>&rdquo; has the meaning set forth in <B>Section&nbsp;6(c)</B>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(mm)&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Amount</B>&rdquo; means</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during the Employment Period and not during a Covered Period, an amount equal to 100% of Executive&rsquo;s
Base Compensation as of the respective Termination; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during a Covered Period, an amount equal to 200% of Executive&rsquo;s Base Compensation as of the respective
Termination. <B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(nn)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Restrictions</B>&rdquo; means any applicable statute, law, regulation, or regulatory interpretation or other guidance, including
FIL-66-2010 and any related or successor FDIC guidance, that would require the Company or any Affiliate to seek or demand repayment
or return of any payments made to Executive for any reason, including the Company, an Affiliate or their successors later obtaining
information indicating that Executive has committed, is substantially responsible for, or has violated, the respective acts or
omissions, conditions, or offenses outlined under 12 C.F.R. 359.4(a)(4).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(oo)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Specified
Employee</B>&rdquo; means any person who is a &ldquo;key employee&rdquo; (as defined in Code Section 416(i) without regard to paragraph
(5) thereof), as determined by the Company based upon the 12-month period ending on each December 31st (such 12-month period is
referred to below as the &ldquo;identification period&rdquo;). If Executive is determined to be a key employee, Executive shall
be treated as a Specified Employee for purposes of this Agreement during the 12-month period that begins on the April 1 following
the close of the identification period. For purposes of determining whether Executive is a key employee, &ldquo;compensation&rdquo;
means Executive&rsquo;s W-2 compensation as reported by the Company for a particular calendar year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(pp)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Substantial
Business Efforts</B>&rdquo; means marketing, promotional, purchasing, sales, or solicitation activities undertaken on behalf of
the Company or an Affiliate, which include (i)&nbsp;in person and voice communications and (ii)&nbsp;either or both of (A)&nbsp;delivery
of a quote, bid, proposal, or request for any of the foregoing or (B)&nbsp;visits to the site of the actual or potential business
development and other similar meetings or visits (conducted alone or with other employees of the Company or an Affiliate), where
such activities would enjoy a reasonable prospect of success in the absence of any breach of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(qq)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Target
Bonus</B>&rdquo; means Executive&rsquo;s target Incentive Bonus for the applicable fiscal year, if one is used, and if not, the
Target Bonus shall be determined based upon the mid-point between the maximum Incentive Bonus and the threshold Incentive Bonus
for the applicable fiscal year, with the threshold bonus based upon the first level of performance for which some amount of Incentive
Bonus would be payable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(rr)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination</B>&rdquo;
means termination of Executive&rsquo;s employment with the Company and all Affiliates for any reason or no reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ss)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
Date</B>&rdquo; means the date of Termination.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(tt)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
for Cause</B>&rdquo; means a termination of Executive&rsquo;s employment by the Company as a result of any of the following (in
each case as determined by the Board):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
willful and continuing failure to perform Executive&rsquo;s obligations hereunder, which failure is not remedied within 10 business
days after receipt of written notice of such failure from the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
conviction of, or plea of <I>nolo contendere</I> to, a crime of embezzlement or fraud or any felony under the laws of the United
States or any state thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
breach of fiduciary responsibility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act of dishonesty by Executive that is materially injurious to the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
engagement in one or more unsafe or unsound banking practices that have a material adverse effect on the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
removal or permanent suspension from banking pursuant to Section 8(e) of the FDIA or any other applicable state or federal law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act or omission by Executive that leads to a material harm (financial or reputational) to the Company or an Affiliate; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of Company policies as may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, a
Termination for Cause shall be deemed to have occurred if, within 12 months following the Termination, facts and circumstances
arising during the course of such employment are discovered that would have warranted a Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, with
respect to subsections (i), (vii), (viii), and (ix), Executive shall be entitled to at least 30 days&rsquo; prior written notice
of the Company&rsquo;s intention to terminate Executive&rsquo;s employment in a Termination for Cause, which notice shall specify
the grounds for the Termination for Cause; and Executive shall be provided a reasonable opportunity to cure any conduct or act,
if curable, alleged as grounds for the Termination for Cause, and a reasonable opportunity to present to the Board Executive&rsquo;s
position regarding any dispute relating to the existence of any grounds for Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, all
rights Executive has or may have under this Agreement shall be suspended automatically during (A) the pendency of any investigation
by the Board or its designee, or (B) any negotiations between the Board or its designee and Executive regarding any actual or alleged
act or omission by Executive of the type that would warrant a Termination for Cause and any such suspension shall not give rise
to a claim of Good Reason by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(uu)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Total
Payments</B>&rdquo; has the meaning set forth in <B>Section&nbsp;4(f)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(vv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Voting
Securities</B>&rdquo; means any securities that ordinarily possess the power to vote in the election of directors without the happening
of any precondition or contingency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival</U>.</B>
The provisions of <B>Section&nbsp;6</B> shall survive the termination of this Agreement.</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: center; text-indent: 0in"><I>[Signature page follows.]</I></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
each of the Company and the Bank has caused this Agreement to be executed in its name and on its behalf, and Executive acknowledges
understanding and acceptance of, and agrees to, the terms of this Agreement, all as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</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="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">/s/ Richard A. Ball</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">Richard A. Ball</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">Compensation Committee Chairman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-variant: small-caps"><B>LANDMARK NATIONAL BANK</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">/s/ Richard A. Ball</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">Richard A. Ball</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">/s/ Patrick L. Alexander</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B>&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT A</U></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"><FONT STYLE="font-variant: small-caps"><B><U>Agreement
and Release and Waiver</U></B></FONT></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: justify; text-indent: 0.5in">This <FONT STYLE="font-variant: small-caps"><B>Agreement
and Release</B></FONT> (&ldquo;<B>Agreement</B>&rdquo;) is made and entered into by and between <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT> (the &ldquo;<B>Company</B>&rdquo;) and <FONT STYLE="background-color: yellow">______________]</FONT> (&ldquo;<B>Executive</B>&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"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company desire to settle fully and amicably all issues between them, including any issues arising out of Executive&rsquo;s
employment with the Company and the termination of that employment; and</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"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company are parties to that certain Employment Agreement, made and entered into as of <FONT STYLE="background-color: yellow">[_______________]</FONT>,
as amended (the &ldquo;<B>Employment Agreement</B>&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"><FONT STYLE="font-variant: small-caps"><B>Now,
therefore</B></FONT>, for and in consideration of the mutual promises contained herein, and for other good and sufficient consideration,
receipt of which is hereby acknowledged, Executive and the Company (collectively, the &ldquo;<B>Parties</B>&rdquo; and, individually,
each a &ldquo;<B>Party</B>&rdquo;), intending to be legally bound, hereby agree as follows:</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"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Employment.</B> Executive&rsquo;s employment with the Company shall terminate effective as of the close of business on <FONT STYLE="background-color: yellow">[_______________]</FONT>
(the &ldquo;<B>Termination Date</B>&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"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation
and Benefits.</B> Subject to the terms of this Agreement, the Company shall compensate Executive under this Agreement as follows
(collectively, the &ldquo;<B>Severance Payments</B>&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: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance
Amount</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accrued
Salary and Vacation</U>. Executive shall be entitled to a lump sum payment in an amount equal to Executive&rsquo;s earned but unpaid
annual base salary and vacation pay for the period ending on the Termination Date, with such payment to be made on the first payroll
date following the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>COBRA
Benefits</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Executive
Acknowledgement</U>. Executive acknowledges that, subject to fulfillment of all obligations provided for herein, Executive has
been fully compensated by the Company, including under all applicable laws, and that nothing further is owed to Executive with
respect to wages, bonuses, severance, other compensation, or benefits. Executive further acknowledges that the Severance Payments
(other than (b) above) are consideration for Executive&rsquo;s promises contained in this Agreement, and that the Severance Payments
are above and beyond any wages, bonuses, severance, other compensation, or benefits to which Executive is entitled from the Company
under the terms of Executive&rsquo;s employment or under any other contract or law that Executive would be entitled to absent execution
of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
The Severance Payments shall be treated as wages and subject to all taxes and other payroll deductions required by law.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Benefits.</B> Except as provided in <B>Section 2</B> above or as may be required by law, Executive&rsquo;s participation in
all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing
contained herein shall limit or otherwise impair Executive&rsquo;s right to receive pension or similar benefit payments that are
vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable
plan.</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"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release
of Claims and Waiver of Rights.</B> Executive, on Executive&rsquo;s own behalf and that of Executive&rsquo;s heirs, executors,
attorneys, administrators, successors, and assigns, fully releases and discharges the Company, its predecessors, successors, parents,
subsidiaries, affiliates, and assigns, and its and their directors, officers, trustees, employees, and agents, both in their individual
and official capacities, and the current and former trustees and administrators of each retirement and other benefit plan applicable
to the employees and former employees of the Company, both in their official and individual capacities (the &ldquo;<B>Releasees</B>&rdquo;)
from all liability, claims, demands, and actions Executive now has, may have had, or may ever have, whether currently known or
unknown, as of or prior to Executive&rsquo;s execution of this Agreement (the &ldquo;<B>Release</B>&rdquo;), including liability
claims, demands, and actions:</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: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arising
from or relating to Executive&rsquo;s employment or other association with the Company, or the termination of such employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to wages, bonuses, other compensation, or benefits,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment or change in control contract,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment law, including</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
United States and State of Kansas Constitutions,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1964,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1991,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Equal Pay Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee Retirement Income Security Act of 1974,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Age Discrimination in Employment Act (the &ldquo;<B>ADEA</B>&rdquo;),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Americans with Disabilities Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Order 11246, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
other federal, state, or local statute, ordinance, or regulation relating to employment,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; 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: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any right of payment for disability,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any statutory or contractual right of payment, and</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
relief on the basis of any alleged tort or breach of contract under the common law of the State of Kansas or any other state, including
defamation, intentional or negligent infliction of emotional distress, breach of the covenant of good faith and fair dealing, promissory
estoppel, and negligence.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Executive acknowledges
that Executive is aware that statutes exist that render null and void releases and discharges of any claims, rights, demands, liabilities,
actions, and causes of action that are unknown to the releasing or discharging party at the time of execution of the release and
discharge. Executive waives, surrenders, and shall forego any protection to which Executive would otherwise be entitled by virtue
of the existence of any such statutes in any jurisdiction, including the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exclusions
from General Release.</B> Excluded from the Release are any claims or rights that cannot be waived by law, as well as Executive&rsquo;s
right to file a charge with an administrative agency or participate in any agency investigation. Executive is, however, waiving
the right to recover any money in connection with a charge or investigation. Executive is also waiving the right to recover any
money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other
federal or state agency.</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"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenant
Not to Sue.</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: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;covenant not to sue&rdquo; is a legal term that means Executive promises not to file a lawsuit in court. It is different
from the release of claims and waiver of rights contained in <B>Section 4</B> above. Besides waiving and releasing the claims covered
by <B>Section 4</B> above, Executive shall never sue the Releasees in any forum for any reason covered by the Release. Notwithstanding
this covenant not to sue, Executive may bring a claim against the Company to enforce this Agreement, to challenge the validity
of this Agreement under the ADEA or for any claim that arises after execution of this Agreement. If Executive sues any of the Releasees
in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys&rsquo; fees and costs (including
the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive&rsquo;s suit. In
addition, if Executive sues any of the Releasees in violation of this Agreement, the Company can require Executive to return all
but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in
this Agreement. In that event, the Company shall have no obligation to make any further Severance Payments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and
execute all necessary documents to withdraw or dismiss such lawsuit to the extent Executive&rsquo;s agreement to withdraw, dismiss,
or not file a lawsuit would not be a violation of any applicable law or regulation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representations
by Executive.</B> Executive warrants that Executive is legally competent to execute this Agreement and that Executive has not relied
on any statements or explanations made by the Company or its attorneys. <B>Executive acknowledges that Executive has been afforded
the opportunity to be advised by legal counsel regarding the terms of this Agreement, including the Release. Executive acknowledges
that Executive has been offered at least 21 days to consider this Agreement. After being so advised, and without coercion of any
kind, Executive freely, knowingly, and voluntarily enters into this Agreement. Executive acknowledges that Executive may revoke
this Agreement within seven days after Executive has signed this Agreement and acknowledges understanding that this Agreement shall
not become effective or enforceable until seven days after Executive has signed this Agreement (the &ldquo;Effective Date&rdquo;),
as evidenced by the date set forth below Executive&rsquo;s signature on the signature page hereto.</B> Any revocation must be in
writing and directed to <FONT STYLE="background-color: yellow">[_______________]</FONT>. If sent by mail, any revocation must be
postmarked within the seven-day period described above and sent by certified mail, return receipt requested.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictive
Covenants.</B> Section 6 of the Employment Agreement (entitled &ldquo;Restrictive Covenants&rdquo;), shall continue in full force
and effect as if fully restated 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"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Disparagement.</B>
Executive shall not engage in any disparagement or vilification of the Releasees, and shall refrain from making any false, negative,
critical, or disparaging statements, implied or expressed, concerning the Releasees, including regarding management style, methods
of doing business, the quality of products and services, role in the community, or treatment of employees. Executive shall do nothing
that would damage the Company&rsquo;s business reputation or goodwill.</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"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company
Property.</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: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall return to the Company all information, property, and supplies belonging to the Company or any of its affiliates, including
any confidential or proprietary information, Company autos, keys (for equipment or facilities), laptop computers and related equipment,
cellular phones, smart phones or PDAs (including SIM cards), security cards, corporate credit cards, and the originals and all
copies of all files, materials, and documents (whether in tangible or electronic form) containing confidential or proprietary information
or relating to the business of the Company or any of its affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not, at any time on or after the Termination Date, directly or indirectly use, access, or in any way alter or modify any
of the databases, e-mail systems, software, computer systems, or hardware or other electronic, computerized, or technological systems
of the Company or any of its affiliates. Executive acknowledges that any such conduct by Executive would be illegal and would subject
Executive to legal action by the Company, including claims for damages and/or appropriate injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Admissions.</B> The Company denies that the Company or any of its affiliates, or any of their employees or agents, has taken any
improper action against Executive, and this Agreement shall not be admissible in any proceeding as evidence of improper action
by the Company or any of its affiliates or any of their employees or agents.</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"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Confidentiality
of Agreement.</B> Executive shall keep the existence and the terms of this Agreement confidential, except for Executive&rsquo;s
immediate family members and Executive&rsquo;s legal and tax advisors in connection with services related hereto and except as
may be required by law or in connection with the preparation of tax returns.</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"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Waiver.</B>
The Company&rsquo;s waiver of a breach of this Agreement by Executive shall not be construed or operate as a waiver of any subsequent
breach by Executive of the same or of any other provision of this Agreement.</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"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing
Law. </B>This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal
Fees.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or protect
such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be entitled
to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other costs relating
to such action, in addition to all other entitled relief, including damages and injunctive relief.</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"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entire
Agreement.</B> This Agreement sets forth the entire agreement of the Parties regarding the subject matter hereof, and shall be
final and binding as to all claims that have been or could have been advanced on behalf of Executive pursuant to any claim arising
out of or related in any way to Executive&rsquo;s employment with the Company and the termination of that employment.</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"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterparts.</B>
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement.</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"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Successors.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns.</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"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enforcement.</B>
The provisions of this Agreement shall be regarded as divisible and separable and if any provision should be declared invalid or
unenforceable by a court of competent jurisdiction, the validity and enforceability of the remaining provisions shall not be affected
thereby. If the scope of any restriction or requirement contained in this Agreement is too broad to permit enforcement of such
restriction or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum extent permitted
by law, and Executive hereby consents that any court of competent jurisdiction may so modify such scope in any proceeding brought
to enforce such restriction or requirement. In addition, Executive stipulates that breach by Executive of restrictions and requirements
under this Agreement will cause irreparable damage to the Releasees in the case of Executive&rsquo;s breach and that the Company
would not have entered into this Agreement without Executive binding Executive to these restrictions and requirements. In the event
of Executive&rsquo;s breach of this Agreement, in addition to any other remedies the Company may have, and without bond and without
prejudice to any other rights and remedies that the Company may have for Executive&rsquo;s breach of this Agreement, the Company
shall be relieved of any obligation to provide Severance Payments and shall be entitled to an injunction to prevent or restrain
any such violation by Executive and all persons directly or indirectly acting for or with Executive. Executive stipulates that
the restrictive period for which the Company is entitled to an injunction shall be extended in for a period that equals the time
period during which Executive is or has been in violation of the restrictions contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;&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"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction.</B>
In this Agreement, unless otherwise stated, the following uses apply: (a)&nbsp;references to a statute refer to the statute and
any amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or
its successors, as in effect at the relevant time; (b)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including, &ldquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (c)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (d)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (e)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (f)&nbsp;all references to preambles, recitals, sections,
and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (g)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (h)&nbsp;any reference to a document or set of documents, and the rights and obligations of the
parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (i)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (j)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (k)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</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"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
Cooperation.</B> In connection with any and all claims, disputes, negotiations, governmental, internal or other investigations,
lawsuits, or administrative proceedings (the &ldquo;<B>Legal Matters</B>&rdquo;) involving the Company or any affiliate, or any
of their current or former officers, employees or board members (collectively, the &ldquo;<B>Disputing Parties</B>&rdquo; and,
individually, each a &ldquo;<B>Disputing Party</B>&rdquo;), Executive shall make himself reasonably available, upon reasonable
notice from the Company and without the necessity of subpoena, to provide information and documents, provide declarations and statements
regarding a Disputing Party, meet with attorneys and other representatives of a Disputing Party, prepare for and give depositions
and testimony, and otherwise cooperate in the investigation, defense, and prosecution of any and all such Legal Matters, as may,
in the good faith and judgment of the Company, be reasonably requested. The Company shall consult with Executive and make reasonable
efforts to schedule such assistance so as not to materially disrupt Executive&rsquo;s business and personal affairs. The Company
shall reimburse all reasonable expenses incurred by Executive in connection with such assistance, including travel, meals, rental
car, and hotel expenses, if any; <I>provided</I> such expenses are approved in advance by the Company and are documented in a manner
consistent with expense reporting policies of the Company as may be in effect from time to time.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>In
witness whereof</B></FONT><B>,</B> the Parties have duly executed this Agreement as of the dates set forth below their respective
signatures below.</P>

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<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="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 43%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-variant: small-caps"><B>EXECUTIVE</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>v363534_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<HEAD>
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<P STYLE="margin: 0"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Employment
Agreement</B></FONT></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">This<FONT STYLE="font-variant: small-caps"><B>
Employment Agreement </B></FONT>is made and entered into effective January 1, 2014,<B> </B>by and among <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT>, a Delaware corporation, <FONT STYLE="font-variant: small-caps"><B>Landmark National Bank</B></FONT>,
a Kansas chartered bank with its main office located in Manhattan, Kansas, and Michael E. Scheopner. As used in this Agreement,
capitalized terms have the meanings set forth in <B>Section 21</B>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Bank is a wholly-owned subsidiary of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
is currently employed as President of the Company and President of the Bank, pursuant to that certain employment agreement, dated
10/9/2001, among the Company, the Bank, and Executive, as amended (the &ldquo;<B>Prior Employment Agreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company and the Bank desire to continue to employ Executive pursuant to the terms of this Agreement and Executive desires to continue
to be employed by the Company and the Bank pursuant to such terms. Mr. Scheopner is currently serving as President of the Company
and the Bank. It is agreed by the Parties that effective January 1, 2014, the effective date of this Agreement, Mr. Scheopner will
commence service to the Company and the Bank as President and Chief Executive Officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties have made commitments to each other on a variety of important issues concerning Executive&rsquo;s employment, including
the performance that will be expected of Executive, the compensation Executive will be paid, how long and under what circumstances
Executive will remain employed, and the financial details relating to any decision that either the Company or Executive may make
to terminate this Agreement and Executive&rsquo;s employment with the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties desire to enter into this Agreement as of the Effective Date and to have this Agreement supersede all prior employment
agreements between the Parties, including the Prior Employment Agreement, whether or not in writing, and to have any such prior
employment agreements become null and void as of the Effective Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Agreement</B></FONT></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">In consideration of
the foregoing and the mutual promises and covenants of the Parties set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
expressly covenant and agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Period</U>.</B> The Company shall continue to employ Executive during the Employment Period and Executive shall remain in the employ
of the Company and provide services to the Company during the Employment Period in accordance with the terms of this Agreement.
The &ldquo;<B>Employment Period</B>&rdquo; shall be the period beginning on the Effective Date and ending on the two year anniversary
of the Effective Date, unless sooner terminated as provided herein, <I>provided</I> that the Employment Period shall be extended
automatically for one additional year beginning on the one year anniversary of the Effective Date and on each anniversary thereafter
unless either Party notifies the other Party, by written notice delivered no later than 90 days prior to such anniversary, that
the Employment Period shall not be extended. Notwithstanding any provision of this Agreement to the contrary, if a Change in Control
occurs during the Employment Period, this Agreement shall remain in effect for the two-year period immediately following the Change
in Control and shall then terminate.</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;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>During
the Employment Period, Executive shall devote Executive&rsquo;s full business time, energy, and talent to serving as President/Chief
Executive Officer of the Company and President/Chief Executive Officer of the Bank, subject to the direction of the Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall have the duties that are commensurate with Executive&rsquo;s positions and any other duties that may be assigned to Executive
by the Board of Directors, and Executive shall perform all such duties faithfully and efficiently. Executive shall have such powers
as are inherent to the undertakings applicable to Executive&rsquo;s positions and necessary to carry out the duties required of
Executive hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
the foregoing provisions of this <B>Section&nbsp;2</B>, during the Employment Period, Executive may devote reasonable time to activities
other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature
to the extent such activities do not, in the judgment of the Board of Directors, inhibit, prohibit, interfere with, or conflict
with Executive&rsquo;s duties under this Agreement or conflict in any material way with the business of the Company or any Affiliate;
<I>provided, however,</I> that Executive shall not serve on the board of directors of any business (other than the Company or an
Affiliate) or hold any other position with any business without receiving the prior written consent of the Chairman of the Audit
Committee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Benefits</U>.</B> During the Employment Period, while Executive is employed by the Company, the Company shall compensate Executive
for Executive&rsquo;s services as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be paid a base salary at an annual rate of $250,000 (the &ldquo;<B>Annual Base Salary</B>&rdquo;), which shall be payable
in accordance with the normal payroll practices of the Company then in effect. Beginning in 2014, each year during the Employment
Period, Executive&rsquo;s Annual Base Salary shall be reviewed by the Board for possible increase, but not decrease, with any such
increase to be effective as of June 1 (the anniversary date) of the year of such adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to receive performance-based annual incentive bonuses (each, the &ldquo;<B>Incentive Bonus</B>&rdquo;) from the
Company for each fiscal year ending during the Employment Period. Incentive Bonuses shall be established and determined in accordance
with the Company&rsquo;s annual cash incentive plan, as may be in effect from time to time, or otherwise as determined by the Board.
Any Incentive Bonus shall be paid to Executive no later than two and one-half months after the close of the year in which it is
earned, <I>provided</I> that any Incentive Bonus shall not be considered earned until the Board has made all determinations and
taken all actions necessary to establish such Incentive Bonus.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to participate, subject to the terms thereof, in all incentive plans of the Company as may be in effect from
time to time with respect to senior executives employed by the Company, on as favorable a basis as other similarly situated and
performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
and Executive&rsquo;s dependents, as the case may be, shall be eligible to participate, subject to the terms thereof, in all pension
and similar benefit plans and all medical, dental, disability, group and executive life, accidental death and travel accident insurance,
and other similar welfare benefit plans of the Company as may be in effect from time to time with respect to senior executives
employed by the Company, on as favorable a basis as other similarly situated and performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be entitled to accrue paid vacation days and holidays in accordance with and subject to the Company&rsquo;s paid time off
programs and policies as may be in effect from time to time, <I>provided</I> that the minimum aggregate number of vacation days
and holidays Executive shall accrue per year is 20 days, beginning on each annual anniversary date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to be reimbursed by the Company, on terms that are substantially similar to those that apply to other similarly
situated and performing executives employed by the Company, for reasonable out-of-pocket expenses for entertainment, travel, meals,
lodging, and similar items that are consistent with the Company&rsquo;s expense reimbursement policy and that are actually incurred
by Executive in the promotion of the Company&rsquo;s business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company shall provide an automobile for Executive&rsquo;s use in the performance of Executive&rsquo;s duties hereunder and shall
pay all expenses for maintenance, repairs and insurance relating to that automobile, <I>provided, however</I>, that Executive shall
pay for all fuel charges and be reimbursed for business-related fuel expenses in accordance with the Company&rsquo;s policy regarding
such reimbursements. Executive shall report his business and personal use of the automobile in conformity with policies adopted
by the Company and personal use shall be reflected annually on the IRS Form W-2 of Executive as additional compensation for income
tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall receive reimbursement from the Company for membership dues, initiation fees, special assessments, and other business-related
expenses at a club mutually agreeable between Michael E. Scheopner and the Landmark National Bank Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
upon Termination</U>.</B> This Agreement and Executive&rsquo;s employment under this Agreement may be terminated for any of the
reasons described in this <B>Section 4</B>. Executive&rsquo;s right to benefits, if any, for periods after the Termination Date
shall be determined in accordance with this <B>Section&nbsp;4</B>:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Benefits</U>. </B>If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the
Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this <B>Section
4</B> or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant
to this <B>Section 4(a)</B> shall be provided within 30 days after the Termination Date; <I>provided</I>, <I>however</I>, that
any benefits, incentives, or awards payable as described in <B>Section&nbsp;4(g)(i)</B> shall be provided in accordance with the
terms of the applicable plan, program, or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing
in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following
the Termination Date for purposes of any plan, program, or arrangement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
for Cause, Death, Disability, Voluntary Resignation or Non-Renewal</U>. </B>If the Termination Date occurs during the Employment
Period and is a result of a Termination for any reason other than (i) an Involuntary Termination or (ii) a voluntary Termination
by Executive within 30 days following a Change in Control, then, other than the Minimum Benefits, Executive shall have no right
to benefits under this Agreement (and the Company and its Affiliates shall have no obligation to provide any such benefits) for
periods after the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Involuntary
Termination outside Covered Period</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination other than
during a Covered Period, then, in addition to the Minimum Benefits, the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the first regularly-scheduled payroll date following the 45th day following the Termination Date, Executive shall commence receiving
the Severance Amount (less any amount described in <B>Section&nbsp;4(c)(ii)</B>), with such amount to be paid in one payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent any portion of the Severance Amount exceeds the &ldquo;safe harbor&rdquo; amount described in Treasury Regulation Section
1.409A-1(b)(9)(iii)(A), Executive shall receive such portion of the Severance Amount that exceeds the &ldquo;safe harbor&rdquo;
amount in a single lump sum payment payable on the first regularly-scheduled payroll date following the 45th day following the
Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits described in <B>Section&nbsp;4(e)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control Termination</U>.</B> If Executive&rsquo;s employment is subject to (A) an Involuntary Termination during a Covered Period
or (B) a voluntary Termination by Executive within 29 days following a Change in Control, then, in addition to Minimum Benefits,
the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the 45th day following the Termination Date, the Company shall pay Executive a lump sum payment in an amount equal to the Severance
Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits provided in <B>Section&nbsp;4(e)</B>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Medical
and Dental Benefits</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination, then to the extent that
Executive or any of Executive&rsquo;s dependents may be covered under the terms of any medical or dental plans of the Company (or
an Affiliate) for active employees immediately prior to the Termination Date, then, <I>provided</I> Executive is eligible for and
elects coverage under the health care continuation rules of COBRA, the Company shall provide, at the Company&rsquo;s expense, Executive
and those dependents with coverage equivalent to the coverage in effect immediately prior to the Involuntary Termination for a
period of 12 months following the Termination Date, and thereafter Executive shall be responsible for the full cost of such continued
coverage if the coverage continues beyond such period; <I>provided</I>, <I>however</I>, that such coverage shall be provided only
to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or
violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this <B>Section&nbsp;4(e)</B>
may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective
plans, <I>provided</I> that Executive and Executive&rsquo;s dependents comply with all of the terms of the substitute medical or
dental plans, and <I>provided</I>, <I>further</I>, that the cost to the Company and its Affiliates shall not exceed the cost for
continued COBRA coverage under the Company&rsquo;s (or an Affiliate&rsquo;s) plans, as set forth in the immediately preceding sentence.
In the event Executive or any of Executive&rsquo;s dependents is or becomes eligible for coverage under the terms of any other
medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits,
the Company&rsquo;s and its Affiliates&rsquo; obligations under this <B>Section&nbsp;4(e) </B>shall cease with respect to the eligible
Executive and/or dependent. Executive and Executive&rsquo;s dependents must notify the Company of any subsequent employment and
provide information regarding medical and/or dental coverage available.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Golden
Parachute Payment Adjustment</U>. </B>It is the intention of the Parties that no portion of any payment under this Agreement, or
payments to or for the benefit of Executive under any other agreement or plan, be deemed to be an Excess Parachute Payment. The
present value of payments to or for the benefit of Executive in the nature of compensation, receipt of which is contingent on a
Change in Control, and to which Code Section 280G applies (in the aggregate &ldquo;<B>Total Payments</B>&rdquo;) shall not exceed
an amount equal to $1.00 less than the maximum amount that the Company may pay without loss of deduction under Code Section 280G(a).
Present value for purposes of this <B>Section&nbsp;4(f) </B>shall be calculated in accordance with Code Section 280G(d)(4). Within
90 days following the earlier of the giving of the notice of termination or the giving of notice by the Company to Executive of
its belief that there is a payment or benefit due to Executive that will result in an Excess Parachute Payment, Executive and the
Company, at the Company&rsquo;s expense, shall obtain the opinion of such legal counsel and certified public accountants as Executive
may choose (notwithstanding the fact that such persons have acted or may also be acting as the legal counsel or certified public
accountants for the Company or the Bank), which opinions need not be unqualified, which set forth (i) the amount of the includable
compensation of Executive for the base period, as determined under Code Section 280G, (ii) the present value of Total Payments,
and (iii) the amount and present value of any Excess Parachute Payments. If such opinions determine that there would be an Excess
Parachute Payment, the payment hereunder or any other payment determined by such counsel to be includable in Total Payments shall
be modified, reduced, or eliminated as specified by Executive in writing delivered to the Company within 60 days of Executive&rsquo;s
receipt of such opinions or, if Executive fails to so notify the Company, then as the Company shall reasonably determine, so that
under the bases of calculation set forth in such opinions there will be no Excess Parachute Payment; <I>provided</I>, <I>however</I>,
that any such specification by Executive or the Company shall not be effective where it would result in an imposition of any additional
income tax under Code Section 409A. The provisions of this <B>Section&nbsp;4(f)</B>, including the calculations, notices, and opinions
provided for herein shall be based upon the conclusive presumption that (A) the compensation provided for in this Agreement and
(B) any other compensation earned by Executive pursuant to the Company&rsquo;s or the Bank&rsquo;s programs that would have been
provided in any event are reasonable compensation for services rendered, even though the timing of such payment is triggered by
the Change in Control; <I>provided</I>, <I>however</I>, that if such legal counsel so requests in connection with the opinion required
by this <B>Section&nbsp;4(f)</B>, Executive and the Company shall obtain, at the Company&rsquo;s expense, and the legal counsel
may rely on in providing the opinion, the advice of a firm of recognized executive compensation consultants as to the reasonableness
of any item of compensation to be received by Executive.</P>

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


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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Benefits</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
rights following a Termination with respect to any benefits, incentives, or awards provided to Executive pursuant to the terms
of any plan, program, or arrangement sponsored or maintained by the Company or its Affiliates, whether tax-qualified or not, which
are not specifically addressed herein, shall be subject to the terms of such plan, program, or arrangement and this Agreement shall
have no effect upon such terms except as specifically provided herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as specifically provided herein, the Company and its Affiliates shall have no further obligations to Executive under this Agreement
following a Termination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Removal
from any Boards and Positions</U>.</B> Unless otherwise agreed to in writing by the Parties at the time of Termination, upon a
Termination, Executive shall be deemed to resign (i)&nbsp;if a member, from the Board and the board of directors of any Affiliate
and any other board to which Executive has been appointed or nominated by or on behalf of the Company or an Affiliate, (ii)&nbsp;from
each position with the Company and any Affiliate, including as an officer of the Company or an Affiliate and (iii) as a fiduciary
of any employee benefit plan of the Company and any Affiliate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Regulatory
Suspension and Termination</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by a notice served under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall be suspended as of the date of service, unless stayed by appropriate proceedings, <I>provided</I> that if the charges in
such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its
and the Affiliates&rsquo; obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and
the Affiliates&rsquo; obligations that were suspended, all in accordance with Code Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is removed or permanently prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by an order issued under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall terminate as of the effective date of the order, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested
rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company is in default as defined in Section 3(x) of the FDIA, all obligations of the Company under this Agreement shall terminate
as of the date of default, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations of the Company under this Agreement shall be terminated, except to the extent determined by the FDIC that continuation
of this Agreement is necessary for the continued operation of the institution, at the time the FDIC enters into an agreement to
provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA, or when the Company
is determined by the FDIC to be in an unsafe or unsound condition, <I>provided</I> that this <B>Section 4(i)</B> shall not affect
any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with
Section 18(k) of the FDIA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Clawback</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, if any Severance Restrictions require the recapture or &ldquo;clawback&rdquo;
of any amount paid to Executive under this Agreement following the Termination Date, Executive shall repay to the Company the aggregate
amount of any such payments, with such repayment to occur no later than 30 days following Executive&rsquo;s receipt of a written
notice from the Company indicating that payments received by Executive under this Agreement are subject to recapture or clawback
pursuant to the Severance Restrictions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, Executive shall not be entitled to any benefits under <FONT STYLE="text-underline-style: double"><B>Section&nbsp;4(c)</B><FONT STYLE="font-weight: normal">,
</FONT><B>Section&nbsp;4(d)</B><FONT STYLE="font-weight: normal">, or </FONT><B>Section&nbsp;4(e)</B></FONT> (other than the Minimum
Benefits), and shall repay to the Company any such benefits received, unless Executive executes (without subsequent revocation)
and delivers to the Company a Release within 21 days (or such longer period to the extent required by applicable law) following
the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictive
Covenants</U>. </B>Executive acknowledges that Executive has been and will continue to be provided intimate knowledge of the business
practices, trade secrets, and other confidential and proprietary information of the Company (including the Confidential Information),
which, if exploited by Executive, would seriously, adversely, and irreparably affect the interests of the Company and the ability
of the Company to continue its business. Executive further acknowledges that, during the course of Executive&rsquo;s employment
with the Company, Executive may produce and have access to Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Information</U>. </B>During the course of Executive&rsquo;s employment and following a Termination:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other
than the Company, except to the extent that such information is or thereafter becomes lawfully available from public sources, or
such disclosure is authorized in writing by the Company, required by law, or otherwise as reasonably necessary or appropriate in
connection with the performance by Executive of Executive&rsquo;s duties to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive receives a subpoena or other court order or is otherwise required by law to provide information to a governmental authority
or other person concerning the activities of the Company or its Affiliates, or Executive&rsquo;s activities in connection with
the business of the Company or its Affiliates, Executive shall immediately notify the Company of such subpoena, court order, or
other requirement and deliver forthwith to the Company a copy thereof and any attachments and non-privileged correspondence related
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall take reasonable precautions to protect against the inadvertent disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall abide by the Company&rsquo;s policies, as in effect from time to time, respecting avoidance of interests conflicting with
those of the Company and its Affiliates. In this regard, Executive shall not directly or indirectly render services to any person
or entity where Executive&rsquo;s service would involve the use or disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not use any Confidential Information to guide Executive in searching publications or other publicly available information,
selecting a series of items of knowledge from unconnected sources, and fitting them together to claim that Executive did not violate
any terms set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Documents
and Property</U>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
records, files, documents, and other materials or copies thereof relating to the business of the Company or its Affiliates that
Executive prepares, receives, or uses, shall be and remain the sole property of the Company and, other than in connection with
the performance by Executive of Executive&rsquo;s duties to the Company, shall not be removed from the premises of the Company
or its Affiliates without the Company&rsquo;s prior written consent, and shall be immediately returned to the Company upon a Termination,
together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made
from or about the records, files, documents, or other materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that Executive&rsquo;s access to and permission to use the Company&rsquo;s and its Affiliates&rsquo; computer systems,
networks, and equipment, and all the Company and Affiliate information contained therein, is restricted to legitimate business
purposes on behalf of the Company and reasonable personal use in accordance with the Company&rsquo;s applicable policies and procedures.
Any other access to or use of such systems, networks, equipment, and information is without authorization and is prohibited. The
restrictions contained in this <B>Section&nbsp;6(b)</B> extend to any personal computers or other electronic devices of Executive
that are used for business purposes relating to the Company or its Affiliates. Executive shall not transfer any Company or Affiliate
information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to
the Company or an Affiliate. Upon a Termination, Executive&rsquo;s authorization to access and permission to use the Company&rsquo;s
and its Affiliates&rsquo; computer systems, networks, and equipment, and any Company and Affiliate information contained therein,
shall cease, and Executive shall delete any Company and Affiliate information from Executive&rsquo;s personal computer or other
electronic device.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition
and Non-Solicitation</U>. </B>The primary service area of the Company&rsquo;s business in which Executive will actively participate
extends separately to the Restricted Area. Therefore, as an essential ingredient of and in consideration of this Agreement and
Executive&rsquo;s employment with the Company, Executive shall not, during Executive&rsquo;s employment with the Company or during
the Restricted Period, directly or indirectly do any of the following (all of which are collectively referred to in this Agreement
as the &ldquo;<B>Restrictive Covenant</B>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engage
or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation, or control of, be employed
by, associated with, or in any manner connected with, serve as a director, officer, or consultant to, lend Executive&rsquo;s name
or any similar name to, lend Executive&rsquo;s credit to or render services or advice to, in each case in the capacity (or any
substantially similar capacity) that Executive provided services to the Company, any person, firm, partnership, corporation, other
business entity, or trust that owns, operates, or is in the process of forming a Competitor with an office located, or to be located
at an address identified in a filing with any regulatory authority, within the Restricted Area; <I>provided</I>,<I> however</I>,<I>
</I>that the ownership by Executive of shares of the capital stock of any institution, which shares are listed on a securities
exchange and that do not represent more than 1% of the institution&rsquo;s outstanding capital stock, shall not violate any terms
of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Induce
or attempt to induce any employee of the Company or its Affiliates to leave the employ of the Company or its Affiliates; (B)&nbsp;interfere
with the relationship between the Company or its Affiliates and any employee of the Company or its Affiliates; or (C)&nbsp;induce
or attempt to induce any customer, supplier, licensee, or other business relation of the Company or its Affiliates with whom Executive
had an ongoing business relationship to cease doing business with the Company or its Affiliates or interfere with the relationship
between the Company or its Affiliates and their respective customers, suppliers, licensees, or other business relations with whom
Executive had an ongoing business relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solicit
the business of any person or entity known to Executive to be a customer of the Company or its Affiliates, where Executive, or
any person reporting to Executive, had accessed Confidential Information of, had an ongoing business relationship with, or had
made Substantial Business Efforts with respect to, such person or entity, with respect to products, activities, or services that
compete in whole or in part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Serve
as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any
Competitor within the Restricted Area, with respect to products, activities, or services that Executive devoted time to on behalf
of the Company or any Affiliate (or any substantially similar products, activities, or services) and that compete in whole or in
part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accept
employment with, provide services to, or act in any other such capacity for or with any Competitor, if in such employment or capacity
Executive would inevitably use or disclose the Company&rsquo;s Confidential Information in Executive&rsquo;s work or service for
such Competitor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Works
Made for Hire; Ownership of Company Work Product.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties understand and agree that all work prepared by Executive for the Company or for its Affiliates shall be a Work Made For
Hire as such phrase is defined under the U.S. Copyright laws, 17 U.S.C. &sect; 101 <I>et seq.</I>, and if such work does not qualify
as a Work Made For Hire, Executive shall, and does, assign to the Company all of Executive&rsquo;s right, title, and interest in
and to the work, including all patent, copyright, trademark, and other proprietary rights thereto.&nbsp; Executive waives and releases
all moral rights in any of the works as Executive may possess by virtue of the Visual Artist&rsquo;s Moral Rights Act of 1990 and
various country or state laws of attribution, authorship, and integrity commonly referred to as Moral Rights Law.&nbsp; Executive
shall not assert any claim based upon such moral rights against the Company, the Affiliates, or any of their respective successors
in interest or assigns.&nbsp; Executive shall have no right, title, or interest in any of the work and shall not be entitled to
any royalties or other proceeds received by the Company or its Affiliates from the commercialization in any manner of the work.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
hereby assigns to the Company any right, title, and interest in and to all Company Work Product that Executive may have, by law
or equity, without additional consideration of any kind whatsoever from the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Company Work Product (including obtaining patent, copyright,
trademark, or other intellectual property protection therefore in the United States and foreign countries).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Confidential Information
and Company Work Product, and the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and
otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive
right, title, and interest in and to the Confidential Information and Company Work Product, and shall not contest, challenge or
make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity of the Confidential Information
and Company Work Product, any future application for registration or registration thereof, or any rights of the Company or its
Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo; right,
title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent required by applicable state statute, this <B>Section&nbsp;6(d) </B>shall not apply to an invention for which no equipment,
supplies, facility, or trade secret information of the Company or its Affiliates was used and that was developed entirely on Executive&rsquo;s
own time, unless the invention (i) relates to the business of the Company or an Affiliate or to the Company&rsquo;s or an Affiliate&rsquo;s
actual or demonstrably anticipated research or development or (ii) results from any work performed by Executive for the Company
or an Affiliate.&nbsp;</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent
and Release</U>. </B>From time to time, the Company&rsquo;s store locations may be the subject of a Promotional Work.&nbsp; Executive
acknowledges that Executive is aware that Executive&rsquo;s name, image, and likeness may be captured in such Promotional Work,
and hereby consents and agrees that the Company may use Executive&rsquo;s name, image, and likeness as captured in the Promotional
Work in any manner, in connection with the Company&rsquo;s products and services, and, at all times, the Company, its Affiliates,
and, without limitation, their respective customers, successors, licensees, and assigns, may continue to use the Promotional Work
that includes Executive&rsquo;s name, image, or likeness.&nbsp; Executive, Executive&rsquo;s heirs, predecessors, successors, assigns,
and all affiliated entities hereby fully and finally release, remise, and forever discharge the Company, its Affiliates, their
respective predecessors, successors, assigns, and all affiliated entities, and each of their respective directors, officers, members,
shareholders, partners, employees, customers, agents, and attorneys, to the extent that such apply, of and from any and all manner
of actions, causes of action, losses, claims, demands, liabilities, obligations, suits, debts, sums of money, accounts, reckonings,
bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, and executions,
in law or in equity, that arise out of or are related to the Company&rsquo;s or its Affiliates&rsquo; use of a Promotional Work
that includes Executive&rsquo;s name, image, or likeness.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Online
Medium</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not create or otherwise establish any Online Medium without the Company&rsquo;s prior written consent.&nbsp; Notwithstanding
the foregoing, if Executive creates an Online Medium without such prior written consent, Executive shall, and hereby does (A) assign
to the Company any right, title, and interest Executive may have in and to the Online Medium and (B) transfer to the Company all
primary administrative rights to the Online Medium, including all codes and passwords.&nbsp; If the Company has approved the content
of any material to be posted or otherwise used online and obtained primary administrative rights to the Online Medium, then the
Company may, at its sole and absolute discretion, provide Executive with subordinate administrative access to, and guidelines for,
Executive&rsquo;s use of such Online Medium in connection with Executive&rsquo;s duties under this Agreement.&nbsp; Executive has
no right, title, or interest to any material or other information on any Online Medium including all &ldquo;fans,&rdquo; &ldquo;followers,&rdquo;
&ldquo;friends,&rdquo; and &ldquo;contacts&rdquo; associated therewith that mentions, uses, or refers in any way to Company Proprietary
and Intellectual Property, Company Work Product, or Confidential Information, which shall remain the sole and exclusive property
of the Company, even if such Online Medium is established by Executive or otherwise held in the name of Executive.&nbsp; Upon a
Termination, the Company will remove Executive&rsquo;s administrative access to the Online Medium.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Online Medium (including obtaining any available intellectual
property or similar protection therefore in the United States and foreign countries).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Online Medium, and
the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and otherwise exploit and dispose
of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive right, title, and interest in
and to the Online Medium, and shall not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo;
ownership of or the validity of the Online Medium, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Company
Proprietary and Intellectual Property</U>.</B> The Company or its Affiliates shall at all times own and have exclusive right, title,
and interest in and to all Company Proprietary and Intellectual Property, and the Company or its Affiliates shall retain the exclusive
right to use, license, sell, transfer, and otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s
or its Affiliates&rsquo; exclusive right, title, and interest in and to Company Proprietary and Intellectual Property, and shall
not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity
of Company Proprietary and Intellectual Property, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.&nbsp; Executive shall not use or otherwise exploit any of Company Proprietary and Intellectual
Property in any manner not authorized by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies
for Breach of Restrictive Covenant</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel,
and Executive acknowledges that the covenants contained in this <B>Section&nbsp;6</B> are reasonable with respect to their duration,
geographical area, and scope.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that (A) the restrictions contained in this <B>Section&nbsp;6</B> are reasonable and necessary for the protection
of the legitimate business interests of the Company, (B) such restrictions create no undue hardships, (C) any violation of these
restrictions would seriously, adversely, and irreparably injure the Company and such interests, and (D) such restrictions were
a material inducement to the Company to employ Executive and to enter into this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
must, and the Company may, communicate the existence and terms of this Agreement to any third party with whom Executive may seek
or obtain future employment or other similar arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of any violation or threatened violation of the restrictions contained in this <B>Section&nbsp;6</B>, the Company, in
addition to and not in limitation of, any other rights, remedies, or damages available to the Company under this Agreement or otherwise
at law or in equity, shall not be required to provide any amounts or benefits under this Agreement and shall be entitled to preliminary
and permanent injunctive relief to prevent or restrain any such violation by Executive and all persons directly or indirectly acting
for or with Executive, as the case may be, without any requirement that the Company post bond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive violates the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall
not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the Restrictive
Covenant; accordingly, the Restrictive Covenant shall be deemed to have the duration specified herein computed from the date the
relief is granted but reduced by the time between the period when the Restricted Period began to run and the date of the first
violation of the Restrictive Covenant by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Agreements</U>.</B> In the event of the existence of another agreement between the Parties that (i)&nbsp;is in effect during the
Restricted Period, and (ii)&nbsp;contains restrictive covenants that conflict with any of the provisions of this <B>Section&nbsp;6</B>,
then the more restrictive of such provisions from the two agreements shall control for the period during which both agreements
would otherwise be in effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Set-Off; No Mitigation</U>.</B> Except as provided herein, the Company&rsquo;s obligation to provide benefits under this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim,
recoupment, defense, or other right the Company may have against Executive or others. In no event shall Executive be obligated
to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions
of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.</B>
Notices and all other communications under this Agreement shall be in writing and shall be deemed given when mailed by United States
registered or certified mail, return receipt requested, postage prepaid, addressed as follows: if to the Company, to the principal
headquarters of the Company, attention: Vice President Human Resources, with a copy to the Chairman of the Board of Directors;
and if to Executive, to Executive&rsquo;s most recent address in the Company&rsquo;s records; or, in each respective case, to such
other address as either Party may furnish to the other in writing, except that notices of changes of address shall be effective
only upon receipt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>.</B> This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice
of Venue and Consent to Jurisdiction</U>.</B> Each Party hereby irrevocably submits to the exclusive jurisdiction of the courts
located in the City of Manhattan, Kansas, if such courts have or can acquire jurisdiction, and if such jurisdiction does not exist
and cannot be acquired, to the exclusive jurisdiction of the United States District Court serving the City of Manhattan, Kansas,
for the purpose of any suit, action, or other proceeding arising out of or based on this Agreement or any other agreement contemplated
hereby or any subject matter hereof, whether in tort, contract, or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service
of Process</U>.</B> Each Party may be served with process in any manner permitted under State of Kansas law, or by United States
registered or certified mail, return receipt requested.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement</U>. </B>This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof, and
supersedes all prior negotiations, undertakings, agreements, and arrangements with respect thereto, whether written or oral, including
the Prior Employment Agreement.</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;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding
of Taxes</U>.</B> The Company may withhold from any benefits payable under this Agreement all federal, state, city and other taxes
as may be required pursuant to any law, governmental regulation, or ruling.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Assignment</U>.</B> Executive&rsquo;s right to receive benefits under this Agreement shall not be assignable or transferable whether
by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution.
In the event of any attempted assignment or transfer contrary to this <B>Section&nbsp;14</B>, the Company and its Affiliates shall
have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and
be enforceable by Executive&rsquo;s personal and legal representatives, executors, administrators, successors, heirs, distributees,
devisees, and legatees.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors, and assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal
Fees</U>.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or
protect such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be
entitled to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other
costs relating to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.</B>
This Agreement may not be amended or modified except by written agreement signed by the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code
Section 409A</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>To
the extent any provision of this Agreement or action by the Company would subject Executive to liability for interest or additional
taxes under Code Section 409A, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Company.
It is intended that this Agreement will comply with Code Section 409A, and this Agreement shall be administered accordingly and
interpreted and construed on a basis consistent with such intent. Notwithstanding any provision of this Agreement to the contrary,
no termination or similar payments or benefits shall be payable hereunder on account of a Termination unless such Termination constitutes
a &ldquo;separation from service&rdquo; within the meaning of Code Section 409A. For purposes of Code Section 409A, all installment
payments of deferred compensation made hereunder, or pursuant to another plan or arrangement, shall be deemed to be separate payments.
To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Code Section 409A, such reimbursements
and in-kind benefit payments shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv). This Agreement may
be amended to the extent necessary (including retroactively) by the Company to avoid the application of taxes or interest under
Code Section 409A, while maintaining to the maximum extent practicable the original intent of this Agreement. This <B>Section&nbsp;18</B>
shall not be construed as a guarantee of any particular tax effect for Executive&rsquo;s benefits under this Agreement and the
Company does not guarantee that any such benefits will satisfy the provisions of Code Section&nbsp;409A or any other provision
of the Code.</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
any provision of this Agreement to the contrary, if Executive is determined to be a Specified Employee as of the Termination Date,
then, to the extent required pursuant to Code Section 409A, payments due under this Agreement that are deemed to be deferred compensation
shall be subject to a six-month delay following the Termination Date; and all delayed payments shall be accumulated and paid in
a lump-sum payment as of the first day of the seventh month following the Termination Date (or, if earlier, as of Executive&rsquo;s
death), with all such delayed payments being credited with interest (compounded monthly) for this period of delay equal to the
prime rate in effect on the first day of such six-month period. Any portion of the benefits hereunder that were not otherwise due
to be paid during the six-month period following the Termination Date shall be paid to Executive in accordance with the payment
schedule established herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Scope
of Company and Affiliate Obligations</U>. </B>Although the Company and its Affiliates may have jointly obligated themselves to
Executive under certain provisions of this Agreement, in no event shall Executive be entitled to more than what is explicitly provided
for hereunder, such that no duplicative payments shall be provided under this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>In
this Agreement, unless otherwise stated, the following uses apply: (i)&nbsp;references to a statute refer to the statute and any
amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or its
successors, as in effect at the relevant time; (ii)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including,&rdquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (iii)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (iv)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (v)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (vi)&nbsp;all references to preambles, recitals,
sections, and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (vii)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (viii)&nbsp;any reference to a document or set of documents, and the rights and obligations of
the parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (ix)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (x)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (xi)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>If
a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity
or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement
and all other provisions shall remain in full force and effect.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
various covenants and provisions of this Agreement are intended to be severable and to constitute independent and distinct binding
obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Without
limiting the generality of the foregoing, if the scope of any covenant contained in this Agreement is too broad to permit enforcement
to its full extent, such covenant shall be enforced to the maximum extent permitted by law, and such scope may be judicially modified
accordingly.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.</B>
As used in this Agreement, the terms defined in this <B>Section 21 </B>have the meanings set forth below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>1934
Act</B>&rdquo; means the Securities Exchange Act of 1934.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Affiliate</B>&rdquo;
means each Business Entity that, directly or indirectly, is controlled by, controls, or is under common control with, the Company,
where &ldquo;control&rdquo; means (i) the ownership of more than 50% of the Voting Securities or other voting or equity interests
of any Business Entity, or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Business Entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Agreement</B>&rdquo;
means this employment agreement, made and entered into as of the Effective Date, by and between the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Annual
Base Salary</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(a)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Average
Incentive Bonus</B>&rdquo; means the average of Incentive Bonuses determined for the immediately preceding three completed fiscal
years of the Company; <I>provided, however</I>, that if an Incentive Bonus has not yet been determined for a previously completed
fiscal year as of the Termination Date, then Target Bonus shall be used with respect to such fiscal year for purposes of calculating
the Average Incentive Bonus. For purposes of calculating the Average Incentive Bonus, fiscal years for which no bonus was determined
to have been earned shall be included in the calculation of the three-year average.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank</B>&rdquo;
means Landmark National Bank, a national chartered bank with its main office located in Manhattan, Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank
Board</B>&rdquo; means the Board of Directors of the Bank.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Base
Compensation</B>&rdquo; means the amount equal to the sum of (i)&nbsp;the greater of Executive&rsquo;s then-current Annual Base
Salary or Executive&rsquo;s Annual Base Salary as of the date one day prior to the Change in Control, (ii)&nbsp;the Average Incentive
Bonus, and (iii)&nbsp;the contributions made or credited by the Company under all employee retirement plans for the benefit of
Executive (other than elective deferrals by Executive) for the most recently completed fiscal year of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Board</B>&rdquo;
means the Board of Directors of the Company.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Business
Entity</B>&rdquo; means any corporation, partnership, limited liability company, joint venture, association, partnership, business
trust or other business entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Change
in Control</B>&rdquo; means the first to occur of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation of the acquisition by any &ldquo;person&rdquo; (as such term is defined in Section 13(d) or 14(d) of the 1934 Act)
of &ldquo;beneficial ownership&rdquo; (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of more than 50% of the
combined voting power of the then outstanding Voting Securities of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
any 12-month period, the individuals who, as of the Effective Date, are members of the Board cease for any reason to constitute
a majority of the Board, unless the election, or nomination for election by the Company&rsquo;s shareholders, of any new director
was approved by a vote of a majority of the Board, in which case such new director shall, for purposes of this Agreement, be considered
as a member of the Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation by the Company of: (A) a merger or consolidation if the Company&rsquo;s shareholders immediately before such merger
or consolidation do not, as a result of such merger or consolidation, own, directly or indirectly, more than 50% of the combined
voting power of the then outstanding Voting Securities of the entity resulting from such merger or consolidation in substantially
the same proportion as their ownership of the combined voting power of the Voting Securities of the Company outstanding immediately
before such merger or consolidation; or (B) a complete liquidation or dissolution of, or an agreement for the sale or other disposition
of all or substantially all of the assets of, the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Notwithstanding any provision
of this definition to the contrary, a Change in Control shall not be deemed to have occurred solely because more than 50% of the
combined voting power of the then outstanding securities of the Company are acquired by (A) a trustee or other fiduciary holding
securities under one or more employee benefit plans maintained by the Company or an Affiliate or (B) any corporation that, immediately
prior to such acquisition, is owned directly or indirectly by the Company&rsquo;s shareholders in the same proportion as their
ownership of stock immediately prior to such acquisition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Further notwithstanding
any provision of this definition to the contrary, in the event that any amount or benefit under this Agreement constitutes deferred
compensation under Code Section 409A and the settlement of or distribution of such amount or benefit is to be triggered by a Change
in Control, then such settlement or distribution shall be subject to the event constituting the Change in Control also constituting
a &ldquo;change in control event&rdquo; under Code Section 409A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>COBRA</B>&rdquo;
means the Consolidated Omnibus Budget Reconciliation Act of 1985.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Code</B>&rdquo;
means the Internal Revenue Code of 1986.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company</B>&rdquo;
means Landmark Bancorp, Inc., a Delaware corporation.</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Proprietary and Intellectual Property</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases,
plans, lists, inventions, discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created,
compiled, or otherwise developed by the Company or its Affiliates and/or comprised, in whole or part, of Confidential Information,
together with all patent rights, copyrights, trademarks, service marks, trade name rights and other source identifiers, trade secrets,
and other intellectual property and property rights therein, if any.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Work Product</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases, plans, lists, inventions,
discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created, compiled, or otherwise
developed by Executive in the course of Executive&rsquo;s employment with the Company or its Affiliates and/or comprised, in whole
or part, of Confidential Information, together with all patent rights, copyrights, trademarks, service marks, trade name rights,
trade secrets, and other intellectual property and propriety rights therein, if any. Notwithstanding the foregoing sentence, to
the extent required by applicable state statute, Company Work Product shall not include (i) any inventions independently developed
by Executive and not derived, in whole or part, from any Confidential Information or (ii) any invention made by Executive prior
to Executive&rsquo;s exposure to any Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Competitor</B>&rdquo;
means a bank, savings bank, savings and loan association, credit union, or similar financial institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Confidential
Information</B>&rdquo; means confidential or proprietary non-public information concerning the Company or its Affiliates, including
research, development, designs, formulae, processes, specifications, technologies, marketing materials, financial and other information
concerning customers and prospective customers, customer lists, records, data, computer programs, source codes, object codes, database
structures, trade secrets, proprietary business information, pricing and profitability information, policies, strategic planning,
commitments, plans, procedures, litigation, pending litigation, and other information not generally available to the public.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Covered
Period</B>&rdquo; means the period beginning six months prior to a Change in Control and ending on the date that is 24 months after
the Change in Control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Disability</B>&rdquo;
means that (i)&nbsp;Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, or (ii)&nbsp;Executive is, by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than three months under an accident or health plan covering employees of the Company. In the
event of a dispute regarding whether Executive has incurred a Disability, each of Executive and the Company shall choose a physician
who together shall choose a third physician to make a final determination regarding whether Executive has incurred a Disability.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Effective
Date</B>&rdquo; means January 1, 2014.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Employment
Period</B>&rdquo; has the meaning set forth in <B>Section&nbsp;1</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Excess
Parachute Payment</B>&rdquo; has the meaning set forth in Code Section&nbsp;280G.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Executive</B>&rdquo;
means Michael E. Scheopner.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIA</B>&rdquo;
means the Federal Deposit Insurance Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIC</B>&rdquo;
means the Federal Deposit Insurance Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Good
Reason</B>&rdquo; means the occurrence of any one of the following events, unless Executive agrees in writing that such event shall
not constitute Good Reason:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material and adverse change in the nature, scope, or status of Executive&rsquo;s position, authorities, or duties from those in
effect in accordance with <B>Section&nbsp;2</B>; <I>provided</I>, <I>however</I>, that a change in title as a result of a merger
or reorganization of the Company or the Bank, where Executive maintains a similar level of responsibility or oversight (including,
where applicable, duties with respect to a public company officer or director), shall not constitute Good Reason or a breach of
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material reduction in Executive&rsquo;s then-current Annual Base Salary, or a material reduction in Executive&rsquo;s aggregate
benefits or other compensation plans in effect immediately following the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
relocation of Executive&rsquo;s primary place of employment of more than 25 miles, which relocation also causes Executive&rsquo;s
primary place of employment to be located further from Executive&rsquo;s primary residence;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Removal
of Executive from, or failure to elect Executive to, the Board or the Bank Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by the Company of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Notwithstanding
any provision of this Good Reason definition to the contrary, (A) prior to a Termination for Good Reason, Executive must give the
Company written notice of the existence of any condition set forth in a clause immediately above within 90 days of its initial
existence and the Company shall have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason,
if curable, and if, during such 30-day period, the Company cures the condition giving rise to Good Reason, such condition shall
not constitute Good Reason and (B)&nbsp;any Termination for Good Reason must occur within six months of the initial existence of
the condition constituting Good Reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Incentive
Bonus</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(b)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Involuntary
Termination</B>&rdquo; means a Termination during the Employment Period either:</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
the Company, other than (A) a Termination for Cause, (B) a termination as a result of Executive&rsquo;s death or Disability, or
(C) a termination due to the expiration of this Agreement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
Executive for Good Reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Minimum
Benefits</B>&rdquo; means, as applicable, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Annual Base Salary for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; <I>provided</I>, <I>however</I>,
that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
accrued but unpaid vacation pay for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
unreimbursed business expenses through and including the Termination Date, <I>provided</I> that all required submissions for expense
reimbursement are made in accordance with the Company&rsquo;s expense reimbursement policy and within 15 days following the Termination
Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
benefits, incentives, and awards described in <B>Section&nbsp;4(g)(i)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Online
Medium</B>&rdquo; means any website, domain, social network account or identity, blog, feed, email address, email distribution
list, or other Internet account or presence (including Instagram, Tumblr, Facebook, Twitter, and Flicker) that incorporates, exploits,
utilizes, displays, or otherwise makes use of any of the Company Proprietary and Intellectual Property, Company Work Product, or
Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Parties</B>&rdquo;
means the Company, the Bank, and Executive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Prior
Employment Agreement</B>&rdquo; has the meaning set forth in the Recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(hh)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Promotional
Work</B>&rdquo; means, without limitation, photographs, films, clips, sketches, segments, and other media and promotional works.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Release</B>&rdquo;
means a general release and waiver substantially in the form attached hereto as Exhibit A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(jj)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Area</B>&rdquo; means the area that encompasses a 35-mile radius from each banking or other office location of the Company and
its Affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(kk)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Period</B>&rdquo; means a period of 18 months immediately following a Termination, whether such Termination occurs during the Employment
Period or thereafter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ll)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restrictive
Covenant</B>&rdquo; has the meaning set forth in <B>Section&nbsp;6(c)</B>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(mm)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Amount</B>&rdquo; means</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during the Employment Period and not during a Covered Period, an amount equal to 200% of Executive&rsquo;s
Base Compensation as of the respective Termination; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during a Covered Period, an amount equal to 300% of Executive&rsquo;s Base Compensation as of the respective
Termination. <B> </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(nn)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Restrictions</B>&rdquo; means any applicable statute, law, regulation, or regulatory interpretation or other guidance, including
FIL-66-2010 and any related or successor FDIC guidance, that would require the Company or any Affiliate to seek or demand repayment
or return of any payments made to Executive for any reason, including the Company, an Affiliate or their successors later obtaining
information indicating that Executive has committed, is substantially responsible for, or has violated, the respective acts or
omissions, conditions, or offenses outlined under 12 C.F.R. 359.4(a)(4).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(oo)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Specified
Employee</B>&rdquo; means any person who is a &ldquo;key employee&rdquo; (as defined in Code Section 416(i) without regard to paragraph
(5) thereof), as determined by the Company based upon the 12-month period ending on each December 31st (such 12-month period is
referred to below as the &ldquo;identification period&rdquo;). If Executive is determined to be a key employee, Executive shall
be treated as a Specified Employee for purposes of this Agreement during the 12-month period that begins on the April 1 following
the close of the identification period. For purposes of determining whether Executive is a key employee, &ldquo;compensation&rdquo;
means Executive&rsquo;s W-2 compensation as reported by the Company for a particular calendar year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(pp)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Substantial
Business Efforts</B>&rdquo; means marketing, promotional, purchasing, sales, or solicitation activities undertaken on behalf of
the Company or an Affiliate, which include (i)&nbsp;in person and voice communications and (ii)&nbsp;either or both of (A)&nbsp;delivery
of a quote, bid, proposal, or request for any of the foregoing or (B)&nbsp;visits to the site of the actual or potential business
development and other similar meetings or visits (conducted alone or with other employees of the Company or an Affiliate), where
such activities would enjoy a reasonable prospect of success in the absence of any breach of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(qq)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Target
Bonus</B>&rdquo; means Executive&rsquo;s target Incentive Bonus for the applicable fiscal year, if one is used, and if not, the
Target Bonus shall be determined based upon the mid-point between the maximum Incentive Bonus and the threshold Incentive Bonus
for the applicable fiscal year, with the threshold bonus based upon the first level of performance for which some amount of Incentive
Bonus would be payable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(rr)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination</B>&rdquo;
means termination of Executive&rsquo;s employment with the Company and all Affiliates for any reason or no reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ss)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
Date</B>&rdquo; means the date of Termination.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(tt)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
for Cause</B>&rdquo; means a termination of Executive&rsquo;s employment by the Company as a result of any of the following (in
each case as determined by the Board):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
willful and continuing failure to perform Executive&rsquo;s obligations hereunder, which failure is not remedied within 10 business
days after receipt of written notice of such failure from the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
conviction of, or plea of <I>nolo contendere</I> to, a crime of embezzlement or fraud or any felony under the laws of the United
States or any state thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
breach of fiduciary responsibility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act of dishonesty by Executive that is materially injurious to the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
engagement in one or more unsafe or unsound banking practices that have a material adverse effect on the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
removal or permanent suspension from banking pursuant to Section 8(e) of the FDIA or any other applicable state or federal law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act or omission by Executive that leads to a material harm (financial or reputational) to the Company or an Affiliate; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of Company policies as may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, a
Termination for Cause shall be deemed to have occurred if, within 12 months following the Termination, facts and circumstances
arising during the course of such employment are discovered that would have warranted a Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, with
respect to subsections (i), (vii), (viii), and (ix), Executive shall be entitled to at least 30 days&rsquo; prior written notice
of the Company&rsquo;s intention to terminate Executive&rsquo;s employment in a Termination for Cause, which notice shall specify
the grounds for the Termination for Cause; and Executive shall be provided a reasonable opportunity to cure any conduct or act,
if curable, alleged as grounds for the Termination for Cause, and a reasonable opportunity to present to the Board Executive&rsquo;s
position regarding any dispute relating to the existence of any grounds for Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, all
rights Executive has or may have under this Agreement shall be suspended automatically during (A) the pendency of any investigation
by the Board or its designee, or (B) any negotiations between the Board or its designee and Executive regarding any actual or alleged
act or omission by Executive of the type that would warrant a Termination for Cause and any such suspension shall not give rise
to a claim of Good Reason by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(uu)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Total
Payments</B>&rdquo; has the meaning set forth in <B>Section&nbsp;4(f)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(vv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Voting
Securities</B>&rdquo; means any securities that ordinarily possess the power to vote in the election of directors without the happening
of any precondition or contingency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival</U>.</B>
The provisions of <B>Section&nbsp;6</B> shall survive the termination of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>[Signature page follows.]</I></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
each of the Company and the Bank has caused this Agreement to be executed in its name and on its behalf, and Executive acknowledges
understanding and acceptance of, and agrees to, the terms of this Agreement, all as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</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="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK NATIONAL BANK</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">Michael E. Scheopner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Michael E. Scheopner</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;&nbsp;</B></P>


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<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><U>EXHIBIT A</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B><U>Agreement
and Release and Waiver</U></B></FONT></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">This <FONT STYLE="font-variant: small-caps"><B>Agreement
and Release</B></FONT> (&ldquo;<B>Agreement</B>&rdquo;) is made and entered into by and between <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT> (the &ldquo;<B>Company</B>&rdquo;) and <FONT STYLE="background-color: yellow">[_______________]</FONT>
(&ldquo;<B>Executive</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company desire to settle fully and amicably all issues between them, including any issues arising out of Executive&rsquo;s
employment with the Company and the termination of that employment; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company are parties to that certain Employment Agreement, made and entered into as of <FONT STYLE="background-color: yellow">[_______________]</FONT>,
as amended (the &ldquo;<B>Employment Agreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Now,
therefore</B></FONT>, for and in consideration of the mutual promises contained herein, and for other good and sufficient consideration,
receipt of which is hereby acknowledged, Executive and the Company (collectively, the &ldquo;<B>Parties</B>&rdquo; and, individually,
each a &ldquo;<B>Party</B>&rdquo;), intending to be legally bound, hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Employment.</B> Executive&rsquo;s employment with the Company shall terminate effective as of the close of business on <FONT STYLE="background-color: yellow">[_______________]</FONT>
(the &ldquo;<B>Termination Date</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation
and Benefits.</B> Subject to the terms of this Agreement, the Company shall compensate Executive under this Agreement as follows
(collectively, the &ldquo;<B>Severance Payments</B>&rdquo;):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance
Amount</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accrued
Salary and Vacation</U>. Executive shall be entitled to a lump sum payment in an amount equal to Executive&rsquo;s earned but unpaid
annual base salary and vacation pay for the period ending on the Termination Date, with such payment to be made on the first payroll
date following the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>COBRA
Benefits</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Executive
Acknowledgement</U>. Executive acknowledges that, subject to fulfillment of all obligations provided for herein, Executive has
been fully compensated by the Company, including under all applicable laws, and that nothing further is owed to Executive with
respect to wages, bonuses, severance, other compensation, or benefits. Executive further acknowledges that the Severance Payments
(other than (b) above) are consideration for Executive&rsquo;s promises contained in this Agreement, and that the Severance Payments
are above and beyond any wages, bonuses, severance, other compensation, or benefits to which Executive is entitled from the Company
under the terms of Executive&rsquo;s employment or under any other contract or law that Executive would be entitled to absent execution
of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
The Severance Payments shall be treated as wages and subject to all taxes and other payroll deductions required by law.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Benefits.</B> Except as provided in <B>Section 2</B> above or as may be required by law, Executive&rsquo;s participation in
all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing
contained herein shall limit or otherwise impair Executive&rsquo;s right to receive pension or similar benefit payments that are
vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable
plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release
of Claims and Waiver of Rights.</B> Executive, on Executive&rsquo;s own behalf and that of Executive&rsquo;s heirs, executors,
attorneys, administrators, successors, and assigns, fully releases and discharges the Company, its predecessors, successors, parents,
subsidiaries, affiliates, and assigns, and its and their directors, officers, trustees, employees, and agents, both in their individual
and official capacities, and the current and former trustees and administrators of each retirement and other benefit plan applicable
to the employees and former employees of the Company, both in their official and individual capacities (the &ldquo;<B>Releasees</B>&rdquo;)
from all liability, claims, demands, and actions Executive now has, may have had, or may ever have, whether currently known or
unknown, as of or prior to Executive&rsquo;s execution of this Agreement (the &ldquo;<B>Release</B>&rdquo;), including liability
claims, demands, and actions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arising
from or relating to Executive&rsquo;s employment or other association with the Company, or the termination of such employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to wages, bonuses, other compensation, or benefits,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment or change in control contract,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment law, including</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
United States and State of Kansas Constitutions,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1964,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1991,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Equal Pay Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee Retirement Income Security Act of 1974,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Age Discrimination in Employment Act (the &ldquo;<B>ADEA</B>&rdquo;),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Americans with Disabilities Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Order 11246, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
other federal, state, or local statute, ordinance, or regulation relating to employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any right of payment for disability,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any statutory or contractual right of payment, and</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
relief on the basis of any alleged tort or breach of contract under the common law of the State of Kansas or any other state, including
defamation, intentional or negligent infliction of emotional distress, breach of the covenant of good faith and fair dealing, promissory
estoppel, and negligence.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Executive acknowledges
that Executive is aware that statutes exist that render null and void releases and discharges of any claims, rights, demands, liabilities,
actions, and causes of action that are unknown to the releasing or discharging party at the time of execution of the release and
discharge. Executive waives, surrenders, and shall forego any protection to which Executive would otherwise be entitled by virtue
of the existence of any such statutes in any jurisdiction, including the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exclusions
from General Release.</B> Excluded from the Release are any claims or rights that cannot be waived by law, as well as Executive&rsquo;s
right to file a charge with an administrative agency or participate in any agency investigation. Executive is, however, waiving
the right to recover any money in connection with a charge or investigation. Executive is also waiving the right to recover any
money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other
federal or state agency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenant
Not to Sue.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;covenant not to sue&rdquo; is a legal term that means Executive promises not to file a lawsuit in court. It is different
from the release of claims and waiver of rights contained in <B>Section 4</B> above. Besides waiving and releasing the claims covered
by <B>Section 4</B> above, Executive shall never sue the Releasees in any forum for any reason covered by the Release. Notwithstanding
this covenant not to sue, Executive may bring a claim against the Company to enforce this Agreement, to challenge the validity
of this Agreement under the ADEA or for any claim that arises after execution of this Agreement. If Executive sues any of the Releasees
in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys&rsquo; fees and costs (including
the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive&rsquo;s suit. In
addition, if Executive sues any of the Releasees in violation of this Agreement, the Company can require Executive to return all
but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in
this Agreement. In that event, the Company shall have no obligation to make any further Severance Payments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and
execute all necessary documents to withdraw or dismiss such lawsuit to the extent Executive&rsquo;s agreement to withdraw, dismiss,
or not file a lawsuit would not be a violation of any applicable law or regulation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representations
by Executive.</B> Executive warrants that Executive is legally competent to execute this Agreement and that Executive has not relied
on any statements or explanations made by the Company or its attorneys. <B>Executive acknowledges that Executive has been afforded
the opportunity to be advised by legal counsel regarding the terms of this Agreement, including the Release. Executive acknowledges
that Executive has been offered at least 21 days to consider this Agreement. After being so advised, and without coercion of any
kind, Executive freely, knowingly, and voluntarily enters into this Agreement. Executive acknowledges that Executive may revoke
this Agreement within seven days after Executive has signed this Agreement and acknowledges understanding that this Agreement shall
not become effective or enforceable until seven days after Executive has signed this Agreement (the &ldquo;Effective Date&rdquo;),
as evidenced by the date set forth below Executive&rsquo;s signature on the signature page hereto.</B> Any revocation must be in
writing and directed to <FONT STYLE="background-color: yellow">[_______________]</FONT>. If sent by mail, any revocation must be
postmarked within the seven-day period described above and sent by certified mail, return receipt requested.</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"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictive
Covenants.</B> Section 6 of the Employment Agreement (entitled &ldquo;Restrictive Covenants&rdquo;), shall continue in full force
and effect as if fully restated herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Disparagement.</B>
Executive shall not engage in any disparagement or vilification of the Releasees, and shall refrain from making any false, negative,
critical, or disparaging statements, implied or expressed, concerning the Releasees, including regarding management style, methods
of doing business, the quality of products and services, role in the community, or treatment of employees. Executive shall do nothing
that would damage the Company&rsquo;s business reputation or goodwill.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall return to the Company all information, property, and supplies belonging to the Company or any of its affiliates, including
any confidential or proprietary information, Company autos, keys (for equipment or facilities), laptop computers and related equipment,
cellular phones, smart phones or PDAs (including SIM cards), security cards, corporate credit cards, and the originals and all
copies of all files, materials, and documents (whether in tangible or electronic form) containing confidential or proprietary information
or relating to the business of the Company or any of its affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not, at any time on or after the Termination Date, directly or indirectly use, access, or in any way alter or modify any
of the databases, e-mail systems, software, computer systems, or hardware or other electronic, computerized, or technological systems
of the Company or any of its affiliates. Executive acknowledges that any such conduct by Executive would be illegal and would subject
Executive to legal action by the Company, including claims for damages and/or appropriate injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Admissions.</B> The Company denies that the Company or any of its affiliates, or any of their employees or agents, has taken any
improper action against Executive, and this Agreement shall not be admissible in any proceeding as evidence of improper action
by the Company or any of its affiliates or any of their employees or agents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Confidentiality
of Agreement.</B> Executive shall keep the existence and the terms of this Agreement confidential, except for Executive&rsquo;s
immediate family members and Executive&rsquo;s legal and tax advisors in connection with services related hereto and except as
may be required by law or in connection with the preparation of tax returns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Waiver.</B>
The Company&rsquo;s waiver of a breach of this Agreement by Executive shall not be construed or operate as a waiver of any subsequent
breach by Executive of the same or of any other provision of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></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"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing
Law. </B>This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal
Fees.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or protect
such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be entitled
to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other costs relating
to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entire
Agreement.</B> This Agreement sets forth the entire agreement of the Parties regarding the subject matter hereof, and shall be
final and binding as to all claims that have been or could have been advanced on behalf of Executive pursuant to any claim arising
out of or related in any way to Executive&rsquo;s employment with the Company and the termination of that employment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterparts.</B>
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Successors.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enforcement.</B>
The provisions of this Agreement shall be regarded as divisible and separable and if any provision should be declared invalid or
unenforceable by a court of competent jurisdiction, the validity and enforceability of the remaining provisions shall not be affected
thereby. If the scope of any restriction or requirement contained in this Agreement is too broad to permit enforcement of such
restriction or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum extent permitted
by law, and Executive hereby consents that any court of competent jurisdiction may so modify such scope in any proceeding brought
to enforce such restriction or requirement. In addition, Executive stipulates that breach by Executive of restrictions and requirements
under this Agreement will cause irreparable damage to the Releasees in the case of Executive&rsquo;s breach and that the Company
would not have entered into this Agreement without Executive binding Executive to these restrictions and requirements. In the event
of Executive&rsquo;s breach of this Agreement, in addition to any other remedies the Company may have, and without bond and without
prejudice to any other rights and remedies that the Company may have for Executive&rsquo;s breach of this Agreement, the Company
shall be relieved of any obligation to provide Severance Payments and shall be entitled to an injunction to prevent or restrain
any such violation by Executive and all persons directly or indirectly acting for or with Executive. Executive stipulates that
the restrictive period for which the Company is entitled to an injunction shall be extended in for a period that equals the time
period during which Executive is or has been in violation of the restrictions contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></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"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction.</B>
In this Agreement, unless otherwise stated, the following uses apply: (a)&nbsp;references to a statute refer to the statute and
any amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or
its successors, as in effect at the relevant time; (b)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including, &ldquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (c)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (d)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (e)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (f)&nbsp;all references to preambles, recitals, sections,
and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (g)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (h)&nbsp;any reference to a document or set of documents, and the rights and obligations of the
parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (i)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (j)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (k)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
Cooperation.</B> In connection with any and all claims, disputes, negotiations, governmental, internal or other investigations,
lawsuits, or administrative proceedings (the &ldquo;<B>Legal Matters</B>&rdquo;) involving the Company or any affiliate, or any
of their current or former officers, employees or board members (collectively, the &ldquo;<B>Disputing Parties</B>&rdquo; and,
individually, each a &ldquo;<B>Disputing Party</B>&rdquo;), Executive shall make himself reasonably available, upon reasonable
notice from the Company and without the necessity of subpoena, to provide information and documents, provide declarations and statements
regarding a Disputing Party, meet with attorneys and other representatives of a Disputing Party, prepare for and give depositions
and testimony, and otherwise cooperate in the investigation, defense, and prosecution of any and all such Legal Matters, as may,
in the good faith and judgment of the Company, be reasonably requested. The Company shall consult with Executive and make reasonable
efforts to schedule such assistance so as not to materially disrupt Executive&rsquo;s business and personal affairs. The Company
shall reimburse all reasonable expenses incurred by Executive in connection with such assistance, including travel, meals, rental
car, and hotel expenses, if any; <I>provided</I> such expenses are approved in advance by the Company and are documented in a manner
consistent with expense reporting policies of the Company as may be in effect from time to time.</P>

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


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<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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>In
witness whereof</B></FONT><B>,</B> the Parties have duly executed this Agreement as of the dates set forth below their respective
signatures below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</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="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 43%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</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: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify">Title:</TD>
    <TD STYLE="width: 43%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>EXECUTIVE</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date:</TD>
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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v363534_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Employment
Agreement</B></FONT></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">This<FONT STYLE="font-variant: small-caps"><B>
Employment Agreement </B></FONT>is made and entered into effective November 1, 2013,<B> </B>by and among <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT>, a Delaware corporation, <FONT STYLE="font-variant: small-caps"><B>Landmark National Bank</B></FONT>,
a Kansas chartered bank with its main office located in Manhattan, Kansas, and Mark A. Herpich. As used in this Agreement, capitalized
terms have the meanings set forth in <B>Section 21</B>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Bank is a wholly-owned subsidiary of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
is currently employed as Executive Vice President/Chief Financial Officer of the Bank and Vice President/Secretary/Treasurer/Chief
Financial Officer of the Company, pursuant to that certain employment agreement, dated October 9, 2001, among the Company, the
Bank, and Executive, as amended (the &ldquo;<B>Prior Employment Agreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company and the Bank desire to continue to employ Executive pursuant to the terms of this Agreement and Executive desires to continue
to be employed by the Company and the Bank pursuant to such terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties have made commitments to each other on a variety of important issues concerning Executive&rsquo;s employment, including
the performance that will be expected of Executive, the compensation Executive will be paid, how long and under what circumstances
Executive will remain employed, and the financial details relating to any decision that either the Company or Executive may make
to terminate this Agreement and Executive&rsquo;s employment with the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties desire to enter into this Agreement as of the Effective Date and to have this Agreement supersede all prior employment
agreements between the Parties, including the Prior Employment Agreement, whether or not in writing, and to have any such prior
employment agreements become null and void as of the Effective Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Agreement</B></FONT></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">In consideration of
the foregoing and the mutual promises and covenants of the Parties set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
expressly covenant and agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Period</U>.</B> The Company shall continue to employ Executive during the Employment Period and Executive shall remain in the employ
of the Company and provide services to the Company during the Employment Period in accordance with the terms of this Agreement.
The &ldquo;<B>Employment Period</B>&rdquo; shall be the period beginning on the Effective Date and ending on the one year anniversary
of the Effective Date, unless sooner terminated as provided herein, <I>provided</I> that the Employment Period shall be extended
automatically for one additional year beginning on the one year anniversary of the Effective Date and on each anniversary thereafter
unless either Party notifies the other Party, by written notice delivered no later than 90 days prior to such anniversary, that
the Employment Period shall not be extended. Notwithstanding any provision of this Agreement to the contrary, if a Change in Control
occurs during the Employment Period, this Agreement shall remain in effect for the two-year period immediately following the Change
in Control and shall then terminate.</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;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>During
the Employment Period, Executive shall devote Executive&rsquo;s full business time, energy, and talent to serving as Executive
Vice President/Chief Financial Officer of the Bank and VP/Secretary/Treasurer/Chief Financial Officer of the Company, subject to
the direction of the CEO.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall have the duties that are commensurate with Executive&rsquo;s positions and any other duties that may be assigned to Executive
by the CEO, and Executive shall perform all such duties faithfully and efficiently. Executive shall have such powers as are inherent
to the undertakings applicable to Executive&rsquo;s positions and necessary to carry out the duties required of Executive hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
the foregoing provisions of this <B>Section&nbsp;2</B>, during the Employment Period, Executive may devote reasonable time to activities
other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature
to the extent such activities do not, in the judgment of the CEO, inhibit, prohibit, interfere with, or conflict with Executive&rsquo;s
duties under this Agreement or conflict in any material way with the business of the Company or any Affiliate; <I>provided, however,</I>
that Executive shall not serve on the board of directors of any business (other than the Company or an Affiliate) or hold any other
position with any business without receiving the prior written consent of the President or the Chief Executive Officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Benefits</U>.</B> During the Employment Period, while Executive is employed by the Company, the Company shall compensate Executive
for Executive&rsquo;s services as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be paid a base salary at an annual rate of $196,750 (the &ldquo;<B>Annual Base Salary</B>&rdquo;), which shall be payable
in accordance with the normal payroll practices of the Company then in effect. Beginning in 2014, each year during the Employment
Period, Executive&rsquo;s Annual Base Salary shall be reviewed by the Board for possible increase, but not decrease, with any such
increase to be effective as of July 1 (the anniversary date) of the year of such adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to receive performance-based annual incentive bonuses (each, the &ldquo;<B>Incentive Bonus</B>&rdquo;) from the
Company for each fiscal year ending during the Employment Period. Incentive Bonuses shall be established and determined in accordance
with the Company&rsquo;s annual cash incentive plan, as may be in effect from time to time, or otherwise as determined by the Board.
Any Incentive Bonus shall be paid to Executive no later than two and one-half months after the close of the year in which it is
earned, <I>provided</I> that any Incentive Bonus shall not be considered earned until the Board has made all determinations and
taken all actions necessary to establish such Incentive Bonus.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to participate, subject to the terms thereof, in all incentive plans of the Company as may be in effect from
time to time with respect to senior executives employed by the Company, on as favorable a basis as other similarly situated and
performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
and Executive&rsquo;s dependents, as the case may be, shall be eligible to participate, subject to the terms thereof, in all pension
and similar benefit plans and all medical, dental, disability, group and executive life, accidental death and travel accident insurance,
and other similar welfare benefit plans of the Company as may be in effect from time to time with respect to senior executives
employed by the Company, on as favorable a basis as other similarly situated and performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be entitled to accrue paid vacation days and holidays in accordance with and subject to the Company&rsquo;s paid time off
programs and policies as may be in effect from time to time, <I>provided</I> that the minimum aggregate number of vacation days
and holidays Executive shall accrue per calendar year is 20 days, beginning on each annual anniversary date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to be reimbursed by the Company, on terms that are substantially similar to those that apply to other similarly
situated and performing executives employed by the Company, for reasonable out-of-pocket expenses for entertainment, travel, meals,
lodging, and similar items that are consistent with the Company&rsquo;s expense reimbursement policy and that are actually incurred
by Executive in the promotion of the Company&rsquo;s business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company shall provide an automobile for Executive&rsquo;s use in the performance of Executive&rsquo;s duties hereunder and shall
pay all expenses for maintenance, repairs and insurance relating to that automobile, <I>provided, however</I>, that Executive shall
pay for all fuel charges and be reimbursed for business-related fuel expenses in accordance with the Company&rsquo;s policy regarding
such reimbursements. Executive shall report his business and personal use of the automobile in conformity with policies adopted
by the Company and personal use shall be reflected annually on the IRS Form W-2 of Executive as additional compensation for income
tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall receive reimbursement from the Company for membership dues, initiation fees, special assessments, and other business-related
expenses at a club mutually agreeable between Mark A. Herpich and the Landmark National Bank Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
upon Termination</U>.</B> This Agreement and Executive&rsquo;s employment under this Agreement may be terminated for any of the
reasons described in this <B>Section 4</B>. Executive&rsquo;s right to benefits, if any, for periods after the Termination Date
shall be determined in accordance with this <B>Section&nbsp;4</B>:</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Benefits</U>. </B>If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the
Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this <B>Section
4</B> or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant
to this <B>Section 4(a)</B> shall be provided within 30 days after the Termination Date; <I>provided</I>, <I>however</I>, that
any benefits, incentives, or awards payable as described in <B>Section&nbsp;4(g)(i)</B> shall be provided in accordance with the
terms of the applicable plan, program, or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing
in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following
the Termination Date for purposes of any plan, program, or arrangement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
for Cause, Death, Disability, Voluntary Resignation or Non-Renewal</U>. </B>If the Termination Date occurs during the Employment
Period and is a result of a Termination for any reason other than (i) an Involuntary Termination or (ii) a voluntary Termination
by Executive within 30 days following a Change in Control, then, other than the Minimum Benefits, Executive shall have no right
to benefits under this Agreement (and the Company and its Affiliates shall have no obligation to provide any such benefits) for
periods after the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Involuntary
Termination outside Covered Period</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination other than
during a Covered Period, then, in addition to the Minimum Benefits, the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the first regularly-scheduled payroll date following the 45th day following the Termination Date, Executive shall commence receiving
the Severance Amount (less any amount described in <B>Section&nbsp;4(c)(ii)</B>), with such amount to be paid in one payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent any portion of the Severance Amount exceeds the &ldquo;safe harbor&rdquo; amount described in Treasury Regulation Section
1.409A-1(b)(9)(iii)(A), Executive shall receive such portion of the Severance Amount that exceeds the &ldquo;safe harbor&rdquo;
amount in a single lump sum payment payable on the first regularly-scheduled payroll date following the 45th day following the
Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits described in <B>Section&nbsp;4(e)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control Termination</U>.</B> If Executive&rsquo;s employment is subject to (A) an Involuntary Termination during a Covered Period
or (B) a voluntary Termination by Executive within 29 days following a Change in Control, then, in addition to Minimum Benefits,
the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the 45th day following the Termination Date, the Company shall pay Executive a lump sum payment in an amount equal to the Severance
Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits provided in <B>Section&nbsp;4(e)</B>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Medical
and Dental Benefits</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination, then to the extent that
Executive or any of Executive&rsquo;s dependents may be covered under the terms of any medical or dental plans of the Company (or
an Affiliate) for active employees immediately prior to the Termination Date, then, <I>provided</I> Executive is eligible for and
elects coverage under the health care continuation rules of COBRA, the Company shall provide, at the Company&rsquo;s expense, Executive
and those dependents with coverage equivalent to the coverage in effect immediately prior to the Involuntary Termination for a
period of 12 months following the Termination Date, and thereafter Executive shall be responsible for the full cost of such continued
coverage if the coverage continues beyond such period; <I>provided</I>, <I>however</I>, that such coverage shall be provided only
to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or
violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this <B>Section&nbsp;4(e)</B>
may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective
plans, <I>provided</I> that Executive and Executive&rsquo;s dependents comply with all of the terms of the substitute medical or
dental plans, and <I>provided</I>, <I>further</I>, that the cost to the Company and its Affiliates shall not exceed the cost for
continued COBRA coverage under the Company&rsquo;s (or an Affiliate&rsquo;s) plans, as set forth in the immediately preceding sentence.
In the event Executive or any of Executive&rsquo;s dependents is or becomes eligible for coverage under the terms of any other
medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits,
the Company&rsquo;s and its Affiliates&rsquo; obligations under this <B>Section&nbsp;4(e) </B>shall cease with respect to the eligible
Executive and/or dependent. Executive and Executive&rsquo;s dependents must notify the Company of any subsequent employment and
provide information regarding medical and/or dental coverage available.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Golden
Parachute Payment Adjustment</U>. </B>It is the intention of the Parties that no portion of any payment under this Agreement, or
payments to or for the benefit of Executive under any other agreement or plan, be deemed to be an Excess Parachute Payment. The
present value of payments to or for the benefit of Executive in the nature of compensation, receipt of which is contingent on a
Change in Control, and to which Code Section 280G applies (in the aggregate &ldquo;<B>Total Payments</B>&rdquo;) shall not exceed
an amount equal to $1.00 less than the maximum amount that the Company may pay without loss of deduction under Code Section 280G(a).
Present value for purposes of this <B>Section&nbsp;4(f) </B>shall be calculated in accordance with Code Section 280G(d)(4). Within
90 days following the earlier of the giving of the notice of termination or the giving of notice by the Company to Executive of
its belief that there is a payment or benefit due to Executive that will result in an Excess Parachute Payment, Executive and the
Company, at the Company&rsquo;s expense, shall obtain the opinion of such legal counsel and certified public accountants as Executive
may choose (notwithstanding the fact that such persons have acted or may also be acting as the legal counsel or certified public
accountants for the Company or the Bank), which opinions need not be unqualified, which set forth (i) the amount of the includable
compensation of Executive for the base period, as determined under Code Section 280G, (ii) the present value of Total Payments,
and (iii) the amount and present value of any Excess Parachute Payments. If such opinions determine that there would be an Excess
Parachute Payment, the payment hereunder or any other payment determined by such counsel to be includable in Total Payments shall
be modified, reduced, or eliminated as specified by Executive in writing delivered to the Company within 60 days of Executive&rsquo;s
receipt of such opinions or, if Executive fails to so notify the Company, then as the Company shall reasonably determine, so that
under the bases of calculation set forth in such opinions there will be no Excess Parachute Payment; <I>provided</I>, <I>however</I>,
that any such specification by Executive or the Company shall not be effective where it would result in an imposition of any additional
income tax under Code Section 409A. The provisions of this <B>Section&nbsp;4(f)</B>, including the calculations, notices, and opinions
provided for herein shall be based upon the conclusive presumption that (A) the compensation provided for in this Agreement and
(B) any other compensation earned by Executive pursuant to the Company&rsquo;s or the Bank&rsquo;s programs that would have been
provided in any event are reasonable compensation for services rendered, even though the timing of such payment is triggered by
the Change in Control; <I>provided</I>, <I>however</I>, that if such legal counsel so requests in connection with the opinion required
by this <B>Section&nbsp;4(f)</B>, Executive and the Company shall obtain, at the Company&rsquo;s expense, and the legal counsel
may rely on in providing the opinion, the advice of a firm of recognized executive compensation consultants as to the reasonableness
of any item of compensation to be received by Executive.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Benefits</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
rights following a Termination with respect to any benefits, incentives, or awards provided to Executive pursuant to the terms
of any plan, program, or arrangement sponsored or maintained by the Company or its Affiliates, whether tax-qualified or not, which
are not specifically addressed herein, shall be subject to the terms of such plan, program, or arrangement and this Agreement shall
have no effect upon such terms except as specifically provided herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as specifically provided herein, the Company and its Affiliates shall have no further obligations to Executive under this Agreement
following a Termination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Removal
from any Boards and Positions</U>.</B> Unless otherwise agreed to in writing by the Parties at the time of Termination, upon a
Termination, Executive shall be deemed to resign (i)&nbsp;if a member, from the Board and the board of directors of any Affiliate
and any other board to which Executive has been appointed or nominated by or on behalf of the Company or an Affiliate, (ii)&nbsp;from
each position with the Company and any Affiliate, including as an officer of the Company or an Affiliate and (iii) as a fiduciary
of any employee benefit plan of the Company and any Affiliate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Regulatory
Suspension and Termination</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by a notice served under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall be suspended as of the date of service, unless stayed by appropriate proceedings, <I>provided</I> that if the charges in
such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its
and the Affiliates&rsquo; obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and
the Affiliates&rsquo; obligations that were suspended, all in accordance with Code Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is removed or permanently prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by an order issued under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall terminate as of the effective date of the order, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested
rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company is in default as defined in Section 3(x) of the FDIA, all obligations of the Company under this Agreement shall terminate
as of the date of default, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations of the Company under this Agreement shall be terminated, except to the extent determined by the FDIC that continuation
of this Agreement is necessary for the continued operation of the institution, at the time the FDIC enters into an agreement to
provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA, or when the Company
is determined by the FDIC to be in an unsafe or unsound condition, <I>provided</I> that this <B>Section 4(i)</B> shall not affect
any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with
Section 18(k) of the FDIA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Clawback</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, if any Severance Restrictions require the recapture or &ldquo;clawback&rdquo;
of any amount paid to Executive under this Agreement following the Termination Date, Executive shall repay to the Company the aggregate
amount of any such payments, with such repayment to occur no later than 30 days following Executive&rsquo;s receipt of a written
notice from the Company indicating that payments received by Executive under this Agreement are subject to recapture or clawback
pursuant to the Severance Restrictions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, Executive shall not be entitled to any benefits under <FONT STYLE="text-underline-style: double"><B>Section&nbsp;4(c)</B><FONT STYLE="font-weight: normal">,
</FONT><B>Section&nbsp;4(d)</B><FONT STYLE="font-weight: normal">, or </FONT><B>Section&nbsp;4(e)</B></FONT> (other than the Minimum
Benefits), and shall repay to the Company any such benefits received, unless Executive executes (without subsequent revocation)
and delivers to the Company a Release within 21 days (or such longer period to the extent required by applicable law) following
the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictive
Covenants</U>. </B>Executive acknowledges that Executive has been and will continue to be provided intimate knowledge of the business
practices, trade secrets, and other confidential and proprietary information of the Company (including the Confidential Information),
which, if exploited by Executive, would seriously, adversely, and irreparably affect the interests of the Company and the ability
of the Company to continue its business. Executive further acknowledges that, during the course of Executive&rsquo;s employment
with the Company, Executive may produce and have access to Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Information</U>. </B>During the course of Executive&rsquo;s employment and following a Termination:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other
than the Company, except to the extent that such information is or thereafter becomes lawfully available from public sources, or
such disclosure is authorized in writing by the Company, required by law, or otherwise as reasonably necessary or appropriate in
connection with the performance by Executive of Executive&rsquo;s duties to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive receives a subpoena or other court order or is otherwise required by law to provide information to a governmental authority
or other person concerning the activities of the Company or its Affiliates, or Executive&rsquo;s activities in connection with
the business of the Company or its Affiliates, Executive shall immediately notify the Company of such subpoena, court order, or
other requirement and deliver forthwith to the Company a copy thereof and any attachments and non-privileged correspondence related
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall take reasonable precautions to protect against the inadvertent disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall abide by the Company&rsquo;s policies, as in effect from time to time, respecting avoidance of interests conflicting with
those of the Company and its Affiliates. In this regard, Executive shall not directly or indirectly render services to any person
or entity where Executive&rsquo;s service would involve the use or disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not use any Confidential Information to guide Executive in searching publications or other publicly available information,
selecting a series of items of knowledge from unconnected sources, and fitting them together to claim that Executive did not violate
any terms set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Documents
and Property</U>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
records, files, documents, and other materials or copies thereof relating to the business of the Company or its Affiliates that
Executive prepares, receives, or uses, shall be and remain the sole property of the Company and, other than in connection with
the performance by Executive of Executive&rsquo;s duties to the Company, shall not be removed from the premises of the Company
or its Affiliates without the Company&rsquo;s prior written consent, and shall be immediately returned to the Company upon a Termination,
together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made
from or about the records, files, documents, or other materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that Executive&rsquo;s access to and permission to use the Company&rsquo;s and its Affiliates&rsquo; computer systems,
networks, and equipment, and all the Company and Affiliate information contained therein, is restricted to legitimate business
purposes on behalf of the Company and reasonable personal use in accordance with the Company&rsquo;s applicable policies and procedures.
Any other access to or use of such systems, networks, equipment, and information is without authorization and is prohibited. The
restrictions contained in this <B>Section&nbsp;6(b)</B> extend to any personal computers or other electronic devices of Executive
that are used for business purposes relating to the Company or its Affiliates. Executive shall not transfer any Company or Affiliate
information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to
the Company or an Affiliate. Upon a Termination, Executive&rsquo;s authorization to access and permission to use the Company&rsquo;s
and its Affiliates&rsquo; computer systems, networks, and equipment, and any Company and Affiliate information contained therein,
shall cease, and Executive shall delete any Company and Affiliate information from Executive&rsquo;s personal computer or other
electronic device.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition
and Non-Solicitation</U>. </B>The primary service area of the Company&rsquo;s business in which Executive will actively participate
extends separately to the Restricted Area. Therefore, as an essential ingredient of and in consideration of this Agreement and
Executive&rsquo;s employment with the Company, Executive shall not, during Executive&rsquo;s employment with the Company or during
the Restricted Period, directly or indirectly do any of the following (all of which are collectively referred to in this Agreement
as the &ldquo;<B>Restrictive Covenant</B>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engage
or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation, or control of, be employed
by, associated with, or in any manner connected with, serve as a director, officer, or consultant to, lend Executive&rsquo;s name
or any similar name to, lend Executive&rsquo;s credit to or render services or advice to, in each case in the capacity (or any
substantially similar capacity) that Executive provided services to the Company, any person, firm, partnership, corporation, other
business entity, or trust that owns, operates, or is in the process of forming a Competitor with an office located, or to be located
at an address identified in a filing with any regulatory authority, within the Restricted Area; <I>provided</I>,<I> however</I>,<I>
</I>that the ownership by Executive of shares of the capital stock of any institution, which shares are listed on a securities
exchange and that do not represent more than 1% of the institution&rsquo;s outstanding capital stock, shall not violate any terms
of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Induce
or attempt to induce any employee of the Company or its Affiliates to leave the employ of the Company or its Affiliates; (B)&nbsp;interfere
with the relationship between the Company or its Affiliates and any employee of the Company or its Affiliates; or (C)&nbsp;induce
or attempt to induce any customer, supplier, licensee, or other business relation of the Company or its Affiliates with whom Executive
had an ongoing business relationship to cease doing business with the Company or its Affiliates or interfere with the relationship
between the Company or its Affiliates and their respective customers, suppliers, licensees, or other business relations with whom
Executive had an ongoing business relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solicit
the business of any person or entity known to Executive to be a customer of the Company or its Affiliates, where Executive, or
any person reporting to Executive, had accessed Confidential Information of, had an ongoing business relationship with, or had
made Substantial Business Efforts with respect to, such person or entity, with respect to products, activities, or services that
compete in whole or in part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Serve
as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any
Competitor within the Restricted Area, with respect to products, activities, or services that Executive devoted time to on behalf
of the Company or any Affiliate (or any substantially similar products, activities, or services) and that compete in whole or in
part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accept
employment with, provide services to, or act in any other such capacity for or with any Competitor, if in such employment or capacity
Executive would inevitably use or disclose the Company&rsquo;s Confidential Information in Executive&rsquo;s work or service for
such Competitor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Works
Made for Hire; Ownership of Company Work Product.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties understand and agree that all work prepared by Executive for the Company or for its Affiliates shall be a Work Made For
Hire as such phrase is defined under the U.S. Copyright laws, 17 U.S.C. &sect; 101 <I>et seq.</I>, and if such work does not qualify
as a Work Made For Hire, Executive shall, and does, assign to the Company all of Executive&rsquo;s right, title, and interest in
and to the work, including all patent, copyright, trademark, and other proprietary rights thereto.&nbsp; Executive waives and releases
all moral rights in any of the works as Executive may possess by virtue of the Visual Artist&rsquo;s Moral Rights Act of 1990 and
various country or state laws of attribution, authorship, and integrity commonly referred to as Moral Rights Law.&nbsp; Executive
shall not assert any claim based upon such moral rights against the Company, the Affiliates, or any of their respective successors
in interest or assigns.&nbsp; Executive shall have no right, title, or interest in any of the work and shall not be entitled to
any royalties or other proceeds received by the Company or its Affiliates from the commercialization in any manner of the work.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
hereby assigns to the Company any right, title, and interest in and to all Company Work Product that Executive may have, by law
or equity, without additional consideration of any kind whatsoever from the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Company Work Product (including obtaining patent, copyright,
trademark, or other intellectual property protection therefore in the United States and foreign countries).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Confidential Information
and Company Work Product, and the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and
otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive
right, title, and interest in and to the Confidential Information and Company Work Product, and shall not contest, challenge or
make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity of the Confidential Information
and Company Work Product, any future application for registration or registration thereof, or any rights of the Company or its
Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo; right,
title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent required by applicable state statute, this <B>Section&nbsp;6(d) </B>shall not apply to an invention for which no equipment,
supplies, facility, or trade secret information of the Company or its Affiliates was used and that was developed entirely on Executive&rsquo;s
own time, unless the invention (i) relates to the business of the Company or an Affiliate or to the Company&rsquo;s or an Affiliate&rsquo;s
actual or demonstrably anticipated research or development or (ii) results from any work performed by Executive for the Company
or an Affiliate.&nbsp;</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent
and Release</U>. </B>From time to time, the Company&rsquo;s store locations may be the subject of a Promotional Work.&nbsp; Executive
acknowledges that Executive is aware that Executive&rsquo;s name, image, and likeness may be captured in such Promotional Work,
and hereby consents and agrees that the Company may use Executive&rsquo;s name, image, and likeness as captured in the Promotional
Work in any manner, in connection with the Company&rsquo;s products and services, and, at all times, the Company, its Affiliates,
and, without limitation, their respective customers, successors, licensees, and assigns, may continue to use the Promotional Work
that includes Executive&rsquo;s name, image, or likeness.&nbsp; Executive, Executive&rsquo;s heirs, predecessors, successors, assigns,
and all affiliated entities hereby fully and finally release, remise, and forever discharge the Company, its Affiliates, their
respective predecessors, successors, assigns, and all affiliated entities, and each of their respective directors, officers, members,
shareholders, partners, employees, customers, agents, and attorneys, to the extent that such apply, of and from any and all manner
of actions, causes of action, losses, claims, demands, liabilities, obligations, suits, debts, sums of money, accounts, reckonings,
bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, and executions,
in law or in equity, that arise out of or are related to the Company&rsquo;s or its Affiliates&rsquo; use of a Promotional Work
that includes Executive&rsquo;s name, image, or likeness.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Online
Medium</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not create or otherwise establish any Online Medium without the Company&rsquo;s prior written consent.&nbsp; Notwithstanding
the foregoing, if Executive creates an Online Medium without such prior written consent, Executive shall, and hereby does (A) assign
to the Company any right, title, and interest Executive may have in and to the Online Medium and (B) transfer to the Company all
primary administrative rights to the Online Medium, including all codes and passwords.&nbsp; If the Company has approved the content
of any material to be posted or otherwise used online and obtained primary administrative rights to the Online Medium, then the
Company may, at its sole and absolute discretion, provide Executive with subordinate administrative access to, and guidelines for,
Executive&rsquo;s use of such Online Medium in connection with Executive&rsquo;s duties under this Agreement.&nbsp; Executive has
no right, title, or interest to any material or other information on any Online Medium including all &ldquo;fans,&rdquo; &ldquo;followers,&rdquo;
&ldquo;friends,&rdquo; and &ldquo;contacts&rdquo; associated therewith that mentions, uses, or refers in any way to Company Proprietary
and Intellectual Property, Company Work Product, or Confidential Information, which shall remain the sole and exclusive property
of the Company, even if such Online Medium is established by Executive or otherwise held in the name of Executive.&nbsp; Upon a
Termination, the Company will remove Executive&rsquo;s administrative access to the Online Medium.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Online Medium (including obtaining any available intellectual
property or similar protection therefore in the United States and foreign countries).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Online Medium, and
the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and otherwise exploit and dispose
of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive right, title, and interest in
and to the Online Medium, and shall not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo;
ownership of or the validity of the Online Medium, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Company
Proprietary and Intellectual Property</U>.</B> The Company or its Affiliates shall at all times own and have exclusive right, title,
and interest in and to all Company Proprietary and Intellectual Property, and the Company or its Affiliates shall retain the exclusive
right to use, license, sell, transfer, and otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s
or its Affiliates&rsquo; exclusive right, title, and interest in and to Company Proprietary and Intellectual Property, and shall
not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity
of Company Proprietary and Intellectual Property, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.&nbsp; Executive shall not use or otherwise exploit any of Company Proprietary and Intellectual
Property in any manner not authorized by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies
for Breach of Restrictive Covenant</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel,
and Executive acknowledges that the covenants contained in this <B>Section&nbsp;6</B> are reasonable with respect to their duration,
geographical area, and scope.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that (A) the restrictions contained in this <B>Section&nbsp;6</B> are reasonable and necessary for the protection
of the legitimate business interests of the Company, (B) such restrictions create no undue hardships, (C) any violation of these
restrictions would seriously, adversely, and irreparably injure the Company and such interests, and (D) such restrictions were
a material inducement to the Company to employ Executive and to enter into this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
must, and the Company may, communicate the existence and terms of this Agreement to any third party with whom Executive may seek
or obtain future employment or other similar arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of any violation or threatened violation of the restrictions contained in this <B>Section&nbsp;6</B>, the Company, in
addition to and not in limitation of, any other rights, remedies, or damages available to the Company under this Agreement or otherwise
at law or in equity, shall not be required to provide any amounts or benefits under this Agreement and shall be entitled to preliminary
and permanent injunctive relief to prevent or restrain any such violation by Executive and all persons directly or indirectly acting
for or with Executive, as the case may be, without any requirement that the Company post bond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive violates the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall
not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the Restrictive
Covenant; accordingly, the Restrictive Covenant shall be deemed to have the duration specified herein computed from the date the
relief is granted but reduced by the time between the period when the Restricted Period began to run and the date of the first
violation of the Restrictive Covenant by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Agreements</U>.</B> In the event of the existence of another agreement between the Parties that (i)&nbsp;is in effect during the
Restricted Period, and (ii)&nbsp;contains restrictive covenants that conflict with any of the provisions of this <B>Section&nbsp;6</B>,
then the more restrictive of such provisions from the two agreements shall control for the period during which both agreements
would otherwise be in effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Set-Off; No Mitigation</U>.</B> Except as provided herein, the Company&rsquo;s obligation to provide benefits under this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim,
recoupment, defense, or other right the Company may have against Executive or others. In no event shall Executive be obligated
to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions
of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.</B>
Notices and all other communications under this Agreement shall be in writing and shall be deemed given when mailed by United States
registered or certified mail, return receipt requested, postage prepaid, addressed as follows: if to the Company, to the principal
headquarters of the Company, attention: Vice President Human Resources, with a copy to the Chairman of the Board of Directors;
and if to Executive, to Executive&rsquo;s most recent address in the Company&rsquo;s records; or, in each respective case, to such
other address as either Party may furnish to the other in writing, except that notices of changes of address shall be effective
only upon receipt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>.</B> This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice
of Venue and Consent to Jurisdiction</U>.</B> Each Party hereby irrevocably submits to the exclusive jurisdiction of the courts
located in the City of Manhattan, Kansas, if such courts have or can acquire jurisdiction, and if such jurisdiction does not exist
and cannot be acquired, to the exclusive jurisdiction of the United States District Court serving the City of Manhattan, Kansas,
for the purpose of any suit, action, or other proceeding arising out of or based on this Agreement or any other agreement contemplated
hereby or any subject matter hereof, whether in tort, contract, or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service
of Process</U>.</B> Each Party may be served with process in any manner permitted under State of Kansas law, or by United States
registered or certified mail, return receipt requested.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement</U>. </B>This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof, and
supersedes all prior negotiations, undertakings, agreements, and arrangements with respect thereto, whether written or oral, including
the Prior Employment Agreement.</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"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding
of Taxes</U>.</B> The Company may withhold from any benefits payable under this Agreement all federal, state, city and other taxes
as may be required pursuant to any law, governmental regulation, or ruling.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Assignment</U>.</B> Executive&rsquo;s right to receive benefits under this Agreement shall not be assignable or transferable whether
by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution.
In the event of any attempted assignment or transfer contrary to this <B>Section&nbsp;14</B>, the Company and its Affiliates shall
have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and
be enforceable by Executive&rsquo;s personal and legal representatives, executors, administrators, successors, heirs, distributees,
devisees, and legatees.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors, and assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal
Fees</U>.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or
protect such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be
entitled to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other
costs relating to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.</B>
This Agreement may not be amended or modified except by written agreement signed by the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code
Section 409A</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>To
the extent any provision of this Agreement or action by the Company would subject Executive to liability for interest or additional
taxes under Code Section 409A, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Company.
It is intended that this Agreement will comply with Code Section 409A, and this Agreement shall be administered accordingly and
interpreted and construed on a basis consistent with such intent. Notwithstanding any provision of this Agreement to the contrary,
no termination or similar payments or benefits shall be payable hereunder on account of a Termination unless such Termination constitutes
a &ldquo;separation from service&rdquo; within the meaning of Code Section 409A. For purposes of Code Section 409A, all installment
payments of deferred compensation made hereunder, or pursuant to another plan or arrangement, shall be deemed to be separate payments.
To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Code Section 409A, such reimbursements
and in-kind benefit payments shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv). This Agreement may
be amended to the extent necessary (including retroactively) by the Company to avoid the application of taxes or interest under
Code Section 409A, while maintaining to the maximum extent practicable the original intent of this Agreement. This <B>Section&nbsp;18</B>
shall not be construed as a guarantee of any particular tax effect for Executive&rsquo;s benefits under this Agreement and the
Company does not guarantee that any such benefits will satisfy the provisions of Code Section&nbsp;409A or any other provision
of the Code.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
any provision of this Agreement to the contrary, if Executive is determined to be a Specified Employee as of the Termination Date,
then, to the extent required pursuant to Code Section 409A, payments due under this Agreement that are deemed to be deferred compensation
shall be subject to a six-month delay following the Termination Date; and all delayed payments shall be accumulated and paid in
a lump-sum payment as of the first day of the seventh month following the Termination Date (or, if earlier, as of Executive&rsquo;s
death), with all such delayed payments being credited with interest (compounded monthly) for this period of delay equal to the
prime rate in effect on the first day of such six-month period. Any portion of the benefits hereunder that were not otherwise due
to be paid during the six-month period following the Termination Date shall be paid to Executive in accordance with the payment
schedule established herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Scope
of Company and Affiliate Obligations</U>. </B>Although the Company and its Affiliates may have jointly obligated themselves to
Executive under certain provisions of this Agreement, in no event shall Executive be entitled to more than what is explicitly provided
for hereunder, such that no duplicative payments shall be provided under this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>In
this Agreement, unless otherwise stated, the following uses apply: (i)&nbsp;references to a statute refer to the statute and any
amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or its
successors, as in effect at the relevant time; (ii)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including,&rdquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (iii)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (iv)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (v)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (vi)&nbsp;all references to preambles, recitals,
sections, and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (vii)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (viii)&nbsp;any reference to a document or set of documents, and the rights and obligations of
the parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (ix)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (x)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (xi)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>If
a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity
or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement
and all other provisions shall remain in full force and effect.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
various covenants and provisions of this Agreement are intended to be severable and to constitute independent and distinct binding
obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Without
limiting the generality of the foregoing, if the scope of any covenant contained in this Agreement is too broad to permit enforcement
to its full extent, such covenant shall be enforced to the maximum extent permitted by law, and such scope may be judicially modified
accordingly.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.</B>
As used in this Agreement, the terms defined in this <B>Section 21 </B>have the meanings set forth below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>1934
Act</B>&rdquo; means the Securities Exchange Act of 1934.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Affiliate</B>&rdquo;
means each Business Entity that, directly or indirectly, is controlled by, controls, or is under common control with, the Company,
where &ldquo;control&rdquo; means (i) the ownership of more than 50% of the Voting Securities or other voting or equity interests
of any Business Entity, or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Business Entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Agreement</B>&rdquo;
means this employment agreement, made and entered into as of the Effective Date, by and between the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Annual
Base Salary</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(a)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Average
Incentive Bonus</B>&rdquo; means the average of Incentive Bonuses determined for the immediately preceding three completed fiscal
years of the Company; <I>provided, however</I>, that if an Incentive Bonus has not yet been determined for a previously completed
fiscal year as of the Termination Date, then Target Bonus shall be used with respect to such fiscal year for purposes of calculating
the Average Incentive Bonus. For purposes of calculating the Average Incentive Bonus, fiscal years for which no bonus was determined
to have been earned shall be included in the calculation of the three-year average.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank</B>&rdquo;
means Landmark National Bank, a national chartered bank with its main office located in Manhattan, Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank
Board</B>&rdquo; means the Board of Directors of the Bank.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Base
Compensation</B>&rdquo; means the amount equal to the sum of (i)&nbsp;the greater of Executive&rsquo;s then-current Annual Base
Salary or Executive&rsquo;s Annual Base Salary as of the date one day prior to the Change in Control, (ii)&nbsp;the Average Incentive
Bonus, and (iii)&nbsp;the contributions made or credited by the Company under all employee retirement plans for the benefit of
Executive (other than elective deferrals by Executive) for the most recently completed fiscal year of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Board</B>&rdquo;
means the Board of Directors of the Company.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Business
Entity</B>&rdquo; means any corporation, partnership, limited liability company, joint venture, association, partnership, business
trust or other business entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Change
in Control</B>&rdquo; means the first to occur of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation of the acquisition by any &ldquo;person&rdquo; (as such term is defined in Section 13(d) or 14(d) of the 1934 Act)
of &ldquo;beneficial ownership&rdquo; (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of more than 50% of the
combined voting power of the then outstanding Voting Securities of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
any 12-month period, the individuals who, as of the Effective Date, are members of the Board cease for any reason to constitute
a majority of the Board, unless the election, or nomination for election by the Company&rsquo;s shareholders, of any new director
was approved by a vote of a majority of the Board, in which case such new director shall, for purposes of this Agreement, be considered
as a member of the Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation by the Company of: (A) a merger or consolidation if the Company&rsquo;s shareholders immediately before such merger
or consolidation do not, as a result of such merger or consolidation, own, directly or indirectly, more than 50% of the combined
voting power of the then outstanding Voting Securities of the entity resulting from such merger or consolidation in substantially
the same proportion as their ownership of the combined voting power of the Voting Securities of the Company outstanding immediately
before such merger or consolidation; or (B) a complete liquidation or dissolution of, or an agreement for the sale or other disposition
of all or substantially all of the assets of, the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Notwithstanding any provision
of this definition to the contrary, a Change in Control shall not be deemed to have occurred solely because more than 50% of the
combined voting power of the then outstanding securities of the Company are acquired by (A) a trustee or other fiduciary holding
securities under one or more employee benefit plans maintained by the Company or an Affiliate or (B) any corporation that, immediately
prior to such acquisition, is owned directly or indirectly by the Company&rsquo;s shareholders in the same proportion as their
ownership of stock immediately prior to such acquisition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Further notwithstanding
any provision of this definition to the contrary, in the event that any amount or benefit under this Agreement constitutes deferred
compensation under Code Section 409A and the settlement of or distribution of such amount or benefit is to be triggered by a Change
in Control, then such settlement or distribution shall be subject to the event constituting the Change in Control also constituting
a &ldquo;change in control event&rdquo; under Code Section 409A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>COBRA</B>&rdquo;
means the Consolidated Omnibus Budget Reconciliation Act of 1985.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Code</B>&rdquo;
means the Internal Revenue Code of 1986.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company</B>&rdquo;
means Landmark Bancorp, Inc., a Delaware corporation.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Proprietary and Intellectual Property</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases,
plans, lists, inventions, discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created,
compiled, or otherwise developed by the Company or its Affiliates and/or comprised, in whole or part, of Confidential Information,
together with all patent rights, copyrights, trademarks, service marks, trade name rights and other source identifiers, trade secrets,
and other intellectual property and property rights therein, if any.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Work Product</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases, plans, lists, inventions,
discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created, compiled, or otherwise
developed by Executive in the course of Executive&rsquo;s employment with the Company or its Affiliates and/or comprised, in whole
or part, of Confidential Information, together with all patent rights, copyrights, trademarks, service marks, trade name rights,
trade secrets, and other intellectual property and propriety rights therein, if any. Notwithstanding the foregoing sentence, to
the extent required by applicable state statute, Company Work Product shall not include (i) any inventions independently developed
by Executive and not derived, in whole or part, from any Confidential Information or (ii) any invention made by Executive prior
to Executive&rsquo;s exposure to any Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Competitor</B>&rdquo;
means a bank, savings bank, savings and loan association, credit union, or similar financial institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Confidential
Information</B>&rdquo; means confidential or proprietary non-public information concerning the Company or its Affiliates, including
research, development, designs, formulae, processes, specifications, technologies, marketing materials, financial and other information
concerning customers and prospective customers, customer lists, records, data, computer programs, source codes, object codes, database
structures, trade secrets, proprietary business information, pricing and profitability information, policies, strategic planning,
commitments, plans, procedures, litigation, pending litigation, and other information not generally available to the public.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Covered
Period</B>&rdquo; means the period beginning six months prior to a Change in Control and ending on the date that is 24 months after
the Change in Control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Disability</B>&rdquo;
means that (i)&nbsp;Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, or (ii)&nbsp;Executive is, by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than three months under an accident or health plan covering employees of the Company. In the
event of a dispute regarding whether Executive has incurred a Disability, each of Executive and the Company shall choose a physician
who together shall choose a third physician to make a final determination regarding whether Executive has incurred a Disability.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Effective
Date</B>&rdquo; means November 1, 2013.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Employment
Period</B>&rdquo; has the meaning set forth in <B>Section&nbsp;1</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Excess
Parachute Payment</B>&rdquo; has the meaning set forth in Code Section&nbsp;280G.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Executive</B>&rdquo;
means Mark A. Herpich.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIA</B>&rdquo;
means the Federal Deposit Insurance Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIC</B>&rdquo;
means the Federal Deposit Insurance Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Good
Reason</B>&rdquo; means the occurrence of any one of the following events, unless Executive agrees in writing that such event shall
not constitute Good Reason:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material and adverse change in the nature, scope, or status of Executive&rsquo;s position, authorities, or duties from those in
effect in accordance with <B>Section&nbsp;2</B>; <I>provided</I>, <I>however</I>, that a change in title as a result of a merger
or reorganization of the Company or the Bank, where Executive maintains a similar level of responsibility or oversight (including,
where applicable, duties with respect to a public company officer or director), shall not constitute Good Reason or a breach of
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material reduction in Executive&rsquo;s then-current Annual Base Salary, or a material reduction in Executive&rsquo;s aggregate
benefits or other compensation plans in effect immediately following the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
relocation of Executive&rsquo;s primary place of employment of more than 25 miles, which relocation also causes Executive&rsquo;s
primary place of employment to be located further from Executive&rsquo;s primary residence;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Removal
of Executive from, or failure to elect Executive to, the Board or the Bank Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by the Company of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Notwithstanding
any provision of this Good Reason definition to the contrary, (A) prior to a Termination for Good Reason, Executive must give the
Company written notice of the existence of any condition set forth in a clause immediately above within 90 days of its initial
existence and the Company shall have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason,
if curable, and if, during such 30-day period, the Company cures the condition giving rise to Good Reason, such condition shall
not constitute Good Reason and (B)&nbsp;any Termination for Good Reason must occur within six months of the initial existence of
the condition constituting Good Reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Incentive
Bonus</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(b)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Involuntary
Termination</B>&rdquo; means a Termination during the Employment Period either:</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
the Company, other than (A) a Termination for Cause, (B) a termination as a result of Executive&rsquo;s death or Disability, or
(C) a termination due to the expiration of this Agreement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
Executive for Good Reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Minimum
Benefits</B>&rdquo; means, as applicable, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Annual Base Salary for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; <I>provided</I>, <I>however</I>,
that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
accrued but unpaid vacation pay for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
unreimbursed business expenses through and including the Termination Date, <I>provided</I> that all required submissions for expense
reimbursement are made in accordance with the Company&rsquo;s expense reimbursement policy and within 15 days following the Termination
Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
benefits, incentives, and awards described in <B>Section&nbsp;4(g)(i)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Online
Medium</B>&rdquo; means any website, domain, social network account or identity, blog, feed, email address, email distribution
list, or other Internet account or presence (including Instagram, Tumblr, Facebook, Twitter, and Flicker) that incorporates, exploits,
utilizes, displays, or otherwise makes use of any of the Company Proprietary and Intellectual Property, Company Work Product, or
Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Parties</B>&rdquo;
means the Company, the Bank, and Executive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Prior
Employment Agreement</B>&rdquo; has the meaning set forth in the Recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(hh)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Promotional
Work</B>&rdquo; means, without limitation, photographs, films, clips, sketches, segments, and other media and promotional works.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Release</B>&rdquo;
means a general release and waiver substantially in the form attached hereto as Exhibit A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(jj)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Area</B>&rdquo; means the area that encompasses a 35-mile radius from each banking or other office location of the Company and
its Affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(kk)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Period</B>&rdquo; means a period of 18 months immediately following a Termination, whether such Termination occurs during the Employment
Period or thereafter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ll)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restrictive
Covenant</B>&rdquo; has the meaning set forth in <B>Section&nbsp;6(c)</B>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(mm)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Amount</B>&rdquo; means</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during the Employment Period and not during a Covered Period, an amount equal to 100% of Executive&rsquo;s
Base Compensation as of the respective Termination; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during a Covered Period, an amount equal to 200% of Executive&rsquo;s Base Compensation as of the respective
Termination. <B> </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(nn)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Restrictions</B>&rdquo; means any applicable statute, law, regulation, or regulatory interpretation or other guidance, including
FIL-66-2010 and any related or successor FDIC guidance, that would require the Company or any Affiliate to seek or demand repayment
or return of any payments made to Executive for any reason, including the Company, an Affiliate or their successors later obtaining
information indicating that Executive has committed, is substantially responsible for, or has violated, the respective acts or
omissions, conditions, or offenses outlined under 12 C.F.R. 359.4(a)(4).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(oo)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Specified
Employee</B>&rdquo; means any person who is a &ldquo;key employee&rdquo; (as defined in Code Section 416(i) without regard to paragraph
(5) thereof), as determined by the Company based upon the 12-month period ending on each December 31st (such 12-month period is
referred to below as the &ldquo;identification period&rdquo;). If Executive is determined to be a key employee, Executive shall
be treated as a Specified Employee for purposes of this Agreement during the 12-month period that begins on the April 1 following
the close of the identification period. For purposes of determining whether Executive is a key employee, &ldquo;compensation&rdquo;
means Executive&rsquo;s W-2 compensation as reported by the Company for a particular calendar year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(pp)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Substantial
Business Efforts</B>&rdquo; means marketing, promotional, purchasing, sales, or solicitation activities undertaken on behalf of
the Company or an Affiliate, which include (i)&nbsp;in person and voice communications and (ii)&nbsp;either or both of (A)&nbsp;delivery
of a quote, bid, proposal, or request for any of the foregoing or (B)&nbsp;visits to the site of the actual or potential business
development and other similar meetings or visits (conducted alone or with other employees of the Company or an Affiliate), where
such activities would enjoy a reasonable prospect of success in the absence of any breach of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(qq)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Target
Bonus</B>&rdquo; means Executive&rsquo;s target Incentive Bonus for the applicable fiscal year, if one is used, and if not, the
Target Bonus shall be determined based upon the mid-point between the maximum Incentive Bonus and the threshold Incentive Bonus
for the applicable fiscal year, with the threshold bonus based upon the first level of performance for which some amount of Incentive
Bonus would be payable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(rr)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination</B>&rdquo;
means termination of Executive&rsquo;s employment with the Company and all Affiliates for any reason or no reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ss)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
Date</B>&rdquo; means the date of Termination.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(tt)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
for Cause</B>&rdquo; means a termination of Executive&rsquo;s employment by the Company as a result of any of the following (in
each case as determined by the Board):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
willful and continuing failure to perform Executive&rsquo;s obligations hereunder, which failure is not remedied within 10 business
days after receipt of written notice of such failure from the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
conviction of, or plea of <I>nolo contendere</I> to, a crime of embezzlement or fraud or any felony under the laws of the United
States or any state thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
breach of fiduciary responsibility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act of dishonesty by Executive that is materially injurious to the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
engagement in one or more unsafe or unsound banking practices that have a material adverse effect on the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
removal or permanent suspension from banking pursuant to Section 8(e) of the FDIA or any other applicable state or federal law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act or omission by Executive that leads to a material harm (financial or reputational) to the Company or an Affiliate; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of Company policies as may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, a
Termination for Cause shall be deemed to have occurred if, within 12 months following the Termination, facts and circumstances
arising during the course of such employment are discovered that would have warranted a Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, with
respect to subsections (i), (vii), (viii), and (ix), Executive shall be entitled to at least 30 days&rsquo; prior written notice
of the Company&rsquo;s intention to terminate Executive&rsquo;s employment in a Termination for Cause, which notice shall specify
the grounds for the Termination for Cause; and Executive shall be provided a reasonable opportunity to cure any conduct or act,
if curable, alleged as grounds for the Termination for Cause, and a reasonable opportunity to present to the Board Executive&rsquo;s
position regarding any dispute relating to the existence of any grounds for Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, all
rights Executive has or may have under this Agreement shall be suspended automatically during (A) the pendency of any investigation
by the Board or its designee, or (B) any negotiations between the Board or its designee and Executive regarding any actual or alleged
act or omission by Executive of the type that would warrant a Termination for Cause and any such suspension shall not give rise
to a claim of Good Reason by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(uu)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Total
Payments</B>&rdquo; has the meaning set forth in <B>Section&nbsp;4(f)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(vv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Voting
Securities</B>&rdquo; means any securities that ordinarily possess the power to vote in the election of directors without the happening
of any precondition or contingency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival</U>.</B>
The provisions of <B>Section&nbsp;6</B> shall survive the termination of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>[Signature page follows.]</I></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
each of the Company and the Bank has caused this Agreement to be executed in its name and on its behalf, and Executive acknowledges
understanding and acceptance of, and agrees to, the terms of this Agreement, all as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</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="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK NATIONAL BANK</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">Mark A. Herpich</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Mark A. Herpich</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;&nbsp;</B></P>


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<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><U>EXHIBIT A</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B><U>Agreement
and Release and Waiver</U></B></FONT></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">This <FONT STYLE="font-variant: small-caps"><B>Agreement
and Release</B></FONT> (&ldquo;<B>Agreement</B>&rdquo;) is made and entered into by and between <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT> (the &ldquo;<B>Company</B>&rdquo;) and <FONT STYLE="background-color: yellow">[_______________]</FONT>
(&ldquo;<B>Executive</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company desire to settle fully and amicably all issues between them, including any issues arising out of Executive&rsquo;s
employment with the Company and the termination of that employment; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company are parties to that certain Employment Agreement, made and entered into as of <FONT STYLE="background-color: yellow">[_______________]</FONT>,
as amended (the &ldquo;<B>Employment Agreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Now,
therefore</B></FONT>, for and in consideration of the mutual promises contained herein, and for other good and sufficient consideration,
receipt of which is hereby acknowledged, Executive and the Company (collectively, the &ldquo;<B>Parties</B>&rdquo; and, individually,
each a &ldquo;<B>Party</B>&rdquo;), intending to be legally bound, hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Employment.</B> Executive&rsquo;s employment with the Company shall terminate effective as of the close of business on <FONT STYLE="background-color: yellow">[_______________]</FONT>
(the &ldquo;<B>Termination Date</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation
and Benefits.</B> Subject to the terms of this Agreement, the Company shall compensate Executive under this Agreement as follows
(collectively, the &ldquo;<B>Severance Payments</B>&rdquo;):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance
Amount</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accrued
Salary and Vacation</U>. Executive shall be entitled to a lump sum payment in an amount equal to Executive&rsquo;s earned but unpaid
annual base salary and vacation pay for the period ending on the Termination Date, with such payment to be made on the first payroll
date following the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>COBRA
Benefits</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Executive
Acknowledgement</U>. Executive acknowledges that, subject to fulfillment of all obligations provided for herein, Executive has
been fully compensated by the Company, including under all applicable laws, and that nothing further is owed to Executive with
respect to wages, bonuses, severance, other compensation, or benefits. Executive further acknowledges that the Severance Payments
(other than (b) above) are consideration for Executive&rsquo;s promises contained in this Agreement, and that the Severance Payments
are above and beyond any wages, bonuses, severance, other compensation, or benefits to which Executive is entitled from the Company
under the terms of Executive&rsquo;s employment or under any other contract or law that Executive would be entitled to absent execution
of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
The Severance Payments shall be treated as wages and subject to all taxes and other payroll deductions required by law.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Benefits.</B> Except as provided in <B>Section 2</B> above or as may be required by law, Executive&rsquo;s participation in
all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing
contained herein shall limit or otherwise impair Executive&rsquo;s right to receive pension or similar benefit payments that are
vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable
plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release
of Claims and Waiver of Rights.</B> Executive, on Executive&rsquo;s own behalf and that of Executive&rsquo;s heirs, executors,
attorneys, administrators, successors, and assigns, fully releases and discharges the Company, its predecessors, successors, parents,
subsidiaries, affiliates, and assigns, and its and their directors, officers, trustees, employees, and agents, both in their individual
and official capacities, and the current and former trustees and administrators of each retirement and other benefit plan applicable
to the employees and former employees of the Company, both in their official and individual capacities (the &ldquo;<B>Releasees</B>&rdquo;)
from all liability, claims, demands, and actions Executive now has, may have had, or may ever have, whether currently known or
unknown, as of or prior to Executive&rsquo;s execution of this Agreement (the &ldquo;<B>Release</B>&rdquo;), including liability
claims, demands, and actions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arising
from or relating to Executive&rsquo;s employment or other association with the Company, or the termination of such employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to wages, bonuses, other compensation, or benefits,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment or change in control contract,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment law, including</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
United States and State of Kansas Constitutions,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1964,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1991,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Equal Pay Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee Retirement Income Security Act of 1974,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Age Discrimination in Employment Act (the &ldquo;<B>ADEA</B>&rdquo;),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Americans with Disabilities Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Order 11246, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
other federal, state, or local statute, ordinance, or regulation relating to employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any right of payment for disability,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any statutory or contractual right of payment, and</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
relief on the basis of any alleged tort or breach of contract under the common law of the State of Kansas or any other state, including
defamation, intentional or negligent infliction of emotional distress, breach of the covenant of good faith and fair dealing, promissory
estoppel, and negligence.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Executive acknowledges
that Executive is aware that statutes exist that render null and void releases and discharges of any claims, rights, demands, liabilities,
actions, and causes of action that are unknown to the releasing or discharging party at the time of execution of the release and
discharge. Executive waives, surrenders, and shall forego any protection to which Executive would otherwise be entitled by virtue
of the existence of any such statutes in any jurisdiction, including the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exclusions
from General Release.</B> Excluded from the Release are any claims or rights that cannot be waived by law, as well as Executive&rsquo;s
right to file a charge with an administrative agency or participate in any agency investigation. Executive is, however, waiving
the right to recover any money in connection with a charge or investigation. Executive is also waiving the right to recover any
money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other
federal or state agency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenant
Not to Sue.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;covenant not to sue&rdquo; is a legal term that means Executive promises not to file a lawsuit in court. It is different
from the release of claims and waiver of rights contained in <B>Section 4</B> above. Besides waiving and releasing the claims covered
by <B>Section 4</B> above, Executive shall never sue the Releasees in any forum for any reason covered by the Release. Notwithstanding
this covenant not to sue, Executive may bring a claim against the Company to enforce this Agreement, to challenge the validity
of this Agreement under the ADEA or for any claim that arises after execution of this Agreement. If Executive sues any of the Releasees
in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys&rsquo; fees and costs (including
the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive&rsquo;s suit. In
addition, if Executive sues any of the Releasees in violation of this Agreement, the Company can require Executive to return all
but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in
this Agreement. In that event, the Company shall have no obligation to make any further Severance Payments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and
execute all necessary documents to withdraw or dismiss such lawsuit to the extent Executive&rsquo;s agreement to withdraw, dismiss,
or not file a lawsuit would not be a violation of any applicable law or regulation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representations
by Executive.</B> Executive warrants that Executive is legally competent to execute this Agreement and that Executive has not relied
on any statements or explanations made by the Company or its attorneys. <B>Executive acknowledges that Executive has been afforded
the opportunity to be advised by legal counsel regarding the terms of this Agreement, including the Release. Executive acknowledges
that Executive has been offered at least 21 days to consider this Agreement. After being so advised, and without coercion of any
kind, Executive freely, knowingly, and voluntarily enters into this Agreement. Executive acknowledges that Executive may revoke
this Agreement within seven days after Executive has signed this Agreement and acknowledges understanding that this Agreement shall
not become effective or enforceable until seven days after Executive has signed this Agreement (the &ldquo;Effective Date&rdquo;),
as evidenced by the date set forth below Executive&rsquo;s signature on the signature page hereto.</B> Any revocation must be in
writing and directed to <FONT STYLE="background-color: yellow">[_______________]</FONT>. If sent by mail, any revocation must be
postmarked within the seven-day period described above and sent by certified mail, return receipt requested.</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;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictive
Covenants.</B> Section 6 of the Employment Agreement (entitled &ldquo;Restrictive Covenants&rdquo;), shall continue in full force
and effect as if fully restated herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Disparagement.</B>
Executive shall not engage in any disparagement or vilification of the Releasees, and shall refrain from making any false, negative,
critical, or disparaging statements, implied or expressed, concerning the Releasees, including regarding management style, methods
of doing business, the quality of products and services, role in the community, or treatment of employees. Executive shall do nothing
that would damage the Company&rsquo;s business reputation or goodwill.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall return to the Company all information, property, and supplies belonging to the Company or any of its affiliates, including
any confidential or proprietary information, Company autos, keys (for equipment or facilities), laptop computers and related equipment,
cellular phones, smart phones or PDAs (including SIM cards), security cards, corporate credit cards, and the originals and all
copies of all files, materials, and documents (whether in tangible or electronic form) containing confidential or proprietary information
or relating to the business of the Company or any of its affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not, at any time on or after the Termination Date, directly or indirectly use, access, or in any way alter or modify any
of the databases, e-mail systems, software, computer systems, or hardware or other electronic, computerized, or technological systems
of the Company or any of its affiliates. Executive acknowledges that any such conduct by Executive would be illegal and would subject
Executive to legal action by the Company, including claims for damages and/or appropriate injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Admissions.</B> The Company denies that the Company or any of its affiliates, or any of their employees or agents, has taken any
improper action against Executive, and this Agreement shall not be admissible in any proceeding as evidence of improper action
by the Company or any of its affiliates or any of their employees or agents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Confidentiality
of Agreement.</B> Executive shall keep the existence and the terms of this Agreement confidential, except for Executive&rsquo;s
immediate family members and Executive&rsquo;s legal and tax advisors in connection with services related hereto and except as
may be required by law or in connection with the preparation of tax returns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Waiver.</B>
The Company&rsquo;s waiver of a breach of this Agreement by Executive shall not be construed or operate as a waiver of any subsequent
breach by Executive of the same or of any other provision of this Agreement.</P>

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


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    <!-- Field: /Page -->

<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"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing
Law. </B>This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal
Fees.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or protect
such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be entitled
to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other costs relating
to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entire
Agreement.</B> This Agreement sets forth the entire agreement of the Parties regarding the subject matter hereof, and shall be
final and binding as to all claims that have been or could have been advanced on behalf of Executive pursuant to any claim arising
out of or related in any way to Executive&rsquo;s employment with the Company and the termination of that employment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterparts.</B>
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Successors.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enforcement.</B>
The provisions of this Agreement shall be regarded as divisible and separable and if any provision should be declared invalid or
unenforceable by a court of competent jurisdiction, the validity and enforceability of the remaining provisions shall not be affected
thereby. If the scope of any restriction or requirement contained in this Agreement is too broad to permit enforcement of such
restriction or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum extent permitted
by law, and Executive hereby consents that any court of competent jurisdiction may so modify such scope in any proceeding brought
to enforce such restriction or requirement. In addition, Executive stipulates that breach by Executive of restrictions and requirements
under this Agreement will cause irreparable damage to the Releasees in the case of Executive&rsquo;s breach and that the Company
would not have entered into this Agreement without Executive binding Executive to these restrictions and requirements. In the event
of Executive&rsquo;s breach of this Agreement, in addition to any other remedies the Company may have, and without bond and without
prejudice to any other rights and remedies that the Company may have for Executive&rsquo;s breach of this Agreement, the Company
shall be relieved of any obligation to provide Severance Payments and shall be entitled to an injunction to prevent or restrain
any such violation by Executive and all persons directly or indirectly acting for or with Executive. Executive stipulates that
the restrictive period for which the Company is entitled to an injunction shall be extended in for a period that equals the time
period during which Executive is or has been in violation of the restrictions contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></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"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction.</B>
In this Agreement, unless otherwise stated, the following uses apply: (a)&nbsp;references to a statute refer to the statute and
any amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or
its successors, as in effect at the relevant time; (b)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including, &ldquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (c)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (d)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (e)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (f)&nbsp;all references to preambles, recitals, sections,
and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (g)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (h)&nbsp;any reference to a document or set of documents, and the rights and obligations of the
parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (i)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (j)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (k)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
Cooperation.</B> In connection with any and all claims, disputes, negotiations, governmental, internal or other investigations,
lawsuits, or administrative proceedings (the &ldquo;<B>Legal Matters</B>&rdquo;) involving the Company or any affiliate, or any
of their current or former officers, employees or board members (collectively, the &ldquo;<B>Disputing Parties</B>&rdquo; and,
individually, each a &ldquo;<B>Disputing Party</B>&rdquo;), Executive shall make himself reasonably available, upon reasonable
notice from the Company and without the necessity of subpoena, to provide information and documents, provide declarations and statements
regarding a Disputing Party, meet with attorneys and other representatives of a Disputing Party, prepare for and give depositions
and testimony, and otherwise cooperate in the investigation, defense, and prosecution of any and all such Legal Matters, as may,
in the good faith and judgment of the Company, be reasonably requested. The Company shall consult with Executive and make reasonable
efforts to schedule such assistance so as not to materially disrupt Executive&rsquo;s business and personal affairs. The Company
shall reimburse all reasonable expenses incurred by Executive in connection with such assistance, including travel, meals, rental
car, and hotel expenses, if any; <I>provided</I> such expenses are approved in advance by the Company and are documented in a manner
consistent with expense reporting policies of the Company as may be in effect from time to time.</P>

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


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<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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>In
witness whereof</B></FONT><B>,</B> the Parties have duly executed this Agreement as of the dates set forth below their respective
signatures below.</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 43%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</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: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify">Title:</TD>
    <TD STYLE="width: 43%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>EXECUTIVE</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD NOWRAP STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>v363534_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Employment
Agreement</B></FONT></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">This<FONT STYLE="font-variant: small-caps"><B>
Employment Agreement </B></FONT>is made and entered into effective November 1, 2013,<B> </B>by and among <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT>, a Delaware corporation, <FONT STYLE="font-variant: small-caps"><B>Landmark National Bank</B></FONT>,
a Kansas chartered bank with its main office located in Manhattan, Kansas, and Dean R. Thibault. As used in this Agreement, capitalized
terms have the meanings set forth in <B>Section 21</B>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Bank is a wholly-owned subsidiary of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
is currently employed as Executive Vice President/Commercial Banking of the Bank, pursuant to that certain employment agreement,
dated 10/9/2001, among the Company, the Bank, and Executive, as amended (the &ldquo;<B>Prior Employment Agreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company and the Bank desire to continue to employ Executive pursuant to the terms of this Agreement and Executive desires to continue
to be employed by the Company and the Bank pursuant to such terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties have made commitments to each other on a variety of important issues concerning Executive&rsquo;s employment, including
the performance that will be expected of Executive, the compensation Executive will be paid, how long and under what circumstances
Executive will remain employed, and the financial details relating to any decision that either the Company or Executive may make
to terminate this Agreement and Executive&rsquo;s employment with the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties desire to enter into this Agreement as of the Effective Date and to have this Agreement supersede all prior employment
agreements between the Parties, including the Prior Employment Agreement, whether or not in writing, and to have any such prior
employment agreements become null and void as of the Effective Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Agreement</B></FONT></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">In consideration of
the foregoing and the mutual promises and covenants of the Parties set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
expressly covenant and agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Period</U>.</B> The Company shall continue to employ Executive during the Employment Period and Executive shall remain in the employ
of the Company and provide services to the Company during the Employment Period in accordance with the terms of this Agreement.
The &ldquo;<B>Employment Period</B>&rdquo; shall be the period beginning on the Effective Date and ending on the one year anniversary
of the Effective Date, unless sooner terminated as provided herein, <I>provided</I> that the Employment Period shall be extended
automatically for one additional year beginning on the one year anniversary of the Effective Date and on each anniversary thereafter
unless either Party notifies the other Party, by written notice delivered no later than 90 days prior to such anniversary, that
the Employment Period shall not be extended. Notwithstanding any provision of this Agreement to the contrary, if a Change in Control
occurs during the Employment Period, this Agreement shall remain in effect for the two-year period immediately following the Change
in Control and shall then terminate.</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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>During
the Employment Period, Executive shall devote Executive&rsquo;s full business time, energy, and talent to serving as Executive
Vice President/Commercial Banking of the Bank, subject to the direction of the Credit Risk Manager.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall have the duties that are commensurate with Executive&rsquo;s positions and any other duties that may be assigned to Executive
by the Credit Risk Manager, and Executive shall perform all such duties faithfully and efficiently. Executive shall have such powers
as are inherent to the undertakings applicable to Executive&rsquo;s positions and necessary to carry out the duties required of
Executive hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
the foregoing provisions of this <B>Section&nbsp;2</B>, during the Employment Period, Executive may devote reasonable time to activities
other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature
to the extent such activities do not, in the judgment of the Credit Risk Manager, inhibit, prohibit, interfere with, or conflict
with Executive&rsquo;s duties under this Agreement or conflict in any material way with the business of the Company or any Affiliate;
<I>provided, however,</I> that Executive shall not serve on the board of directors of any business (other than the Company or an
Affiliate) or hold any other position with any business without receiving the prior written consent of the President or the Chief
Executive Officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Benefits</U>.</B> During the Employment Period, while Executive is employed by the Company, the Company shall compensate Executive
for Executive&rsquo;s services as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be paid a base salary at an annual rate of $147,250 (the &ldquo;<B>Annual Base Salary</B>&rdquo;), which shall be payable
in accordance with the normal payroll practices of the Company then in effect. Beginning in 2014, each year during the Employment
Period, Executive&rsquo;s Annual Base Salary shall be reviewed by the Board for possible increase, but not decrease, with any such
increase to be effective as of March 23 (the anniversary date) of the year of such adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to receive performance-based annual incentive bonuses (each, the &ldquo;<B>Incentive Bonus</B>&rdquo;) from the
Company for each fiscal year ending during the Employment Period. Incentive Bonuses shall be established and determined in accordance
with the Company&rsquo;s annual cash incentive plan, as may be in effect from time to time, or otherwise as determined by the Board.
Any Incentive Bonus shall be paid to Executive no later than two and one-half months after the close of the year in which it is
earned, <I>provided</I> that any Incentive Bonus shall not be considered earned until the Board has made all determinations and
taken all actions necessary to establish such Incentive Bonus.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to participate, subject to the terms thereof, in all incentive plans of the Company as may be in effect from
time to time with respect to senior executives employed by the Company, on as favorable a basis as other similarly situated and
performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
and Executive&rsquo;s dependents, as the case may be, shall be eligible to participate, subject to the terms thereof, in all pension
and similar benefit plans and all medical, dental, disability, group and executive life, accidental death and travel accident insurance,
and other similar welfare benefit plans of the Company as may be in effect from time to time with respect to senior executives
employed by the Company, on as favorable a basis as other similarly situated and performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be entitled to accrue paid vacation days and holidays in accordance with and subject to the Company&rsquo;s paid time off
programs and policies as may be in effect from time to time, <I>provided</I> that the minimum aggregate number of vacation days
and holidays Executive shall accrue per calendar year is 20 days, beginning on each annual anniversary date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to be reimbursed by the Company, on terms that are substantially similar to those that apply to other similarly
situated and performing executives employed by the Company, for reasonable out-of-pocket expenses for entertainment, travel, meals,
lodging, and similar items that are consistent with the Company&rsquo;s expense reimbursement policy and that are actually incurred
by Executive in the promotion of the Company&rsquo;s business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company shall provide an automobile for Executive&rsquo;s use in the performance of Executive&rsquo;s duties hereunder and shall
pay all expenses for maintenance, repairs and insurance relating to that automobile, <I>provided, however</I>, that Executive shall
pay for all fuel charges and be reimbursed for business-related fuel expenses in accordance with the Company&rsquo;s policy regarding
such reimbursements. Executive shall report his business and personal use of the automobile in conformity with policies adopted
by the Company and personal use shall be reflected annually on the IRS Form W-2 of Executive as additional compensation for income
tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall receive reimbursement from the Company for membership dues, initiation fees, special assessments, and other business-related
expenses at a club mutually agreeable between Dean R. Thibault and the Landmark National Bank Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
upon Termination</U>.</B> This Agreement and Executive&rsquo;s employment under this Agreement may be terminated for any of the
reasons described in this <B>Section 4</B>. Executive&rsquo;s right to benefits, if any, for periods after the Termination Date
shall be determined in accordance with this <B>Section&nbsp;4</B>:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Benefits</U>. </B>If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the
Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this <B>Section
4</B> or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant
to this <B>Section 4(a)</B> shall be provided within 30 days after the Termination Date; <I>provided</I>, <I>however</I>, that
any benefits, incentives, or awards payable as described in <B>Section&nbsp;4(g)(i)</B> shall be provided in accordance with the
terms of the applicable plan, program, or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing
in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following
the Termination Date for purposes of any plan, program, or arrangement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
for Cause, Death, Disability, Voluntary Resignation or Non-Renewal</U>. </B>If the Termination Date occurs during the Employment
Period and is a result of a Termination for any reason other than (i) an Involuntary Termination or (ii) a voluntary Termination
by Executive within 30 days following a Change in Control, then, other than the Minimum Benefits, Executive shall have no right
to benefits under this Agreement (and the Company and its Affiliates shall have no obligation to provide any such benefits) for
periods after the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Involuntary
Termination outside Covered Period</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination other than
during a Covered Period, then, in addition to the Minimum Benefits, the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the first regularly-scheduled payroll date following the 45th day following the Termination Date, Executive shall commence receiving
the Severance Amount (less any amount described in <B>Section&nbsp;4(c)(ii)</B>), with such amount to be paid in one payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent any portion of the Severance Amount exceeds the &ldquo;safe harbor&rdquo; amount described in Treasury Regulation Section
1.409A-1(b)(9)(iii)(A), Executive shall receive such portion of the Severance Amount that exceeds the &ldquo;safe harbor&rdquo;
amount in a single lump sum payment payable on the first regularly-scheduled payroll date following the 45th day following the
Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits described in <B>Section&nbsp;4(e)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control Termination</U>.</B> If Executive&rsquo;s employment is subject to (A) an Involuntary Termination during a Covered Period
or (B) a voluntary Termination by Executive within 29 days following a Change in Control, then, in addition to Minimum Benefits,
the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the 45th day following the Termination Date, the Company shall pay Executive a lump sum payment in an amount equal to the Severance
Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits provided in <B>Section&nbsp;4(e)</B>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Medical
and Dental Benefits</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination, then to the extent that
Executive or any of Executive&rsquo;s dependents may be covered under the terms of any medical or dental plans of the Company (or
an Affiliate) for active employees immediately prior to the Termination Date, then, <I>provided</I> Executive is eligible for and
elects coverage under the health care continuation rules of COBRA, the Company shall provide, at the Company&rsquo;s expense, Executive
and those dependents with coverage equivalent to the coverage in effect immediately prior to the Involuntary Termination for a
period of 12 months following the Termination Date, and thereafter Executive shall be responsible for the full cost of such continued
coverage if the coverage continues beyond such period; <I>provided</I>, <I>however</I>, that such coverage shall be provided only
to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or
violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this <B>Section&nbsp;4(e)</B>
may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective
plans, <I>provided</I> that Executive and Executive&rsquo;s dependents comply with all of the terms of the substitute medical or
dental plans, and <I>provided</I>, <I>further</I>, that the cost to the Company and its Affiliates shall not exceed the cost for
continued COBRA coverage under the Company&rsquo;s (or an Affiliate&rsquo;s) plans, as set forth in the immediately preceding sentence.
In the event Executive or any of Executive&rsquo;s dependents is or becomes eligible for coverage under the terms of any other
medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits,
the Company&rsquo;s and its Affiliates&rsquo; obligations under this <B>Section&nbsp;4(e) </B>shall cease with respect to the eligible
Executive and/or dependent. Executive and Executive&rsquo;s dependents must notify the Company of any subsequent employment and
provide information regarding medical and/or dental coverage available.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Golden
Parachute Payment Adjustment</U>. </B>It is the intention of the Parties that no portion of any payment under this Agreement, or
payments to or for the benefit of Executive under any other agreement or plan, be deemed to be an Excess Parachute Payment. The
present value of payments to or for the benefit of Executive in the nature of compensation, receipt of which is contingent on a
Change in Control, and to which Code Section 280G applies (in the aggregate &ldquo;<B>Total Payments</B>&rdquo;) shall not exceed
an amount equal to $1.00 less than the maximum amount that the Company may pay without loss of deduction under Code Section 280G(a).
Present value for purposes of this <B>Section&nbsp;4(f) </B>shall be calculated in accordance with Code Section 280G(d)(4). Within
90 days following the earlier of the giving of the notice of termination or the giving of notice by the Company to Executive of
its belief that there is a payment or benefit due to Executive that will result in an Excess Parachute Payment, Executive and the
Company, at the Company&rsquo;s expense, shall obtain the opinion of such legal counsel and certified public accountants as Executive
may choose (notwithstanding the fact that such persons have acted or may also be acting as the legal counsel or certified public
accountants for the Company or the Bank), which opinions need not be unqualified, which set forth (i) the amount of the includable
compensation of Executive for the base period, as determined under Code Section 280G, (ii) the present value of Total Payments,
and (iii) the amount and present value of any Excess Parachute Payments. If such opinions determine that there would be an Excess
Parachute Payment, the payment hereunder or any other payment determined by such counsel to be includable in Total Payments shall
be modified, reduced, or eliminated as specified by Executive in writing delivered to the Company within 60 days of Executive&rsquo;s
receipt of such opinions or, if Executive fails to so notify the Company, then as the Company shall reasonably determine, so that
under the bases of calculation set forth in such opinions there will be no Excess Parachute Payment; <I>provided</I>, <I>however</I>,
that any such specification by Executive or the Company shall not be effective where it would result in an imposition of any additional
income tax under Code Section 409A. The provisions of this <B>Section&nbsp;4(f)</B>, including the calculations, notices, and opinions
provided for herein shall be based upon the conclusive presumption that (A) the compensation provided for in this Agreement and
(B) any other compensation earned by Executive pursuant to the Company&rsquo;s or the Bank&rsquo;s programs that would have been
provided in any event are reasonable compensation for services rendered, even though the timing of such payment is triggered by
the Change in Control; <I>provided</I>, <I>however</I>, that if such legal counsel so requests in connection with the opinion required
by this <B>Section&nbsp;4(f)</B>, Executive and the Company shall obtain, at the Company&rsquo;s expense, and the legal counsel
may rely on in providing the opinion, the advice of a firm of recognized executive compensation consultants as to the reasonableness
of any item of compensation to be received by Executive.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Benefits</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
rights following a Termination with respect to any benefits, incentives, or awards provided to Executive pursuant to the terms
of any plan, program, or arrangement sponsored or maintained by the Company or its Affiliates, whether tax-qualified or not, which
are not specifically addressed herein, shall be subject to the terms of such plan, program, or arrangement and this Agreement shall
have no effect upon such terms except as specifically provided herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as specifically provided herein, the Company and its Affiliates shall have no further obligations to Executive under this Agreement
following a Termination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Removal
from any Boards and Positions</U>.</B> Unless otherwise agreed to in writing by the Parties at the time of Termination, upon a
Termination, Executive shall be deemed to resign (i)&nbsp;if a member, from the Board and the board of directors of any Affiliate
and any other board to which Executive has been appointed or nominated by or on behalf of the Company or an Affiliate, (ii)&nbsp;from
each position with the Company and any Affiliate, including as an officer of the Company or an Affiliate and (iii) as a fiduciary
of any employee benefit plan of the Company and any Affiliate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Regulatory
Suspension and Termination</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by a notice served under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall be suspended as of the date of service, unless stayed by appropriate proceedings, <I>provided</I> that if the charges in
such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its
and the Affiliates&rsquo; obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and
the Affiliates&rsquo; obligations that were suspended, all in accordance with Code Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is removed or permanently prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by an order issued under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall terminate as of the effective date of the order, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested
rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company is in default as defined in Section 3(x) of the FDIA, all obligations of the Company under this Agreement shall terminate
as of the date of default, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations of the Company under this Agreement shall be terminated, except to the extent determined by the FDIC that continuation
of this Agreement is necessary for the continued operation of the institution, at the time the FDIC enters into an agreement to
provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA, or when the Company
is determined by the FDIC to be in an unsafe or unsound condition, <I>provided</I> that this <B>Section 4(i)</B> shall not affect
any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with
Section 18(k) of the FDIA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Clawback</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, if any Severance Restrictions require the recapture or &ldquo;clawback&rdquo;
of any amount paid to Executive under this Agreement following the Termination Date, Executive shall repay to the Company the aggregate
amount of any such payments, with such repayment to occur no later than 30 days following Executive&rsquo;s receipt of a written
notice from the Company indicating that payments received by Executive under this Agreement are subject to recapture or clawback
pursuant to the Severance Restrictions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, Executive shall not be entitled to any benefits under <FONT STYLE="text-underline-style: double"><B>Section&nbsp;4(c)</B><FONT STYLE="font-weight: normal">,
</FONT><B>Section&nbsp;4(d)</B><FONT STYLE="font-weight: normal">, or </FONT><B>Section&nbsp;4(e)</B></FONT> (other than the Minimum
Benefits), and shall repay to the Company any such benefits received, unless Executive executes (without subsequent revocation)
and delivers to the Company a Release within 21 days (or such longer period to the extent required by applicable law) following
the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictive
Covenants</U>. </B>Executive acknowledges that Executive has been and will continue to be provided intimate knowledge of the business
practices, trade secrets, and other confidential and proprietary information of the Company (including the Confidential Information),
which, if exploited by Executive, would seriously, adversely, and irreparably affect the interests of the Company and the ability
of the Company to continue its business. Executive further acknowledges that, during the course of Executive&rsquo;s employment
with the Company, Executive may produce and have access to Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Information</U>. </B>During the course of Executive&rsquo;s employment and following a Termination:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other
than the Company, except to the extent that such information is or thereafter becomes lawfully available from public sources, or
such disclosure is authorized in writing by the Company, required by law, or otherwise as reasonably necessary or appropriate in
connection with the performance by Executive of Executive&rsquo;s duties to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive receives a subpoena or other court order or is otherwise required by law to provide information to a governmental authority
or other person concerning the activities of the Company or its Affiliates, or Executive&rsquo;s activities in connection with
the business of the Company or its Affiliates, Executive shall immediately notify the Company of such subpoena, court order, or
other requirement and deliver forthwith to the Company a copy thereof and any attachments and non-privileged correspondence related
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall take reasonable precautions to protect against the inadvertent disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall abide by the Company&rsquo;s policies, as in effect from time to time, respecting avoidance of interests conflicting with
those of the Company and its Affiliates. In this regard, Executive shall not directly or indirectly render services to any person
or entity where Executive&rsquo;s service would involve the use or disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not use any Confidential Information to guide Executive in searching publications or other publicly available information,
selecting a series of items of knowledge from unconnected sources, and fitting them together to claim that Executive did not violate
any terms set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Documents
and Property</U>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
records, files, documents, and other materials or copies thereof relating to the business of the Company or its Affiliates that
Executive prepares, receives, or uses, shall be and remain the sole property of the Company and, other than in connection with
the performance by Executive of Executive&rsquo;s duties to the Company, shall not be removed from the premises of the Company
or its Affiliates without the Company&rsquo;s prior written consent, and shall be immediately returned to the Company upon a Termination,
together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made
from or about the records, files, documents, or other materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that Executive&rsquo;s access to and permission to use the Company&rsquo;s and its Affiliates&rsquo; computer systems,
networks, and equipment, and all the Company and Affiliate information contained therein, is restricted to legitimate business
purposes on behalf of the Company and reasonable personal use in accordance with the Company&rsquo;s applicable policies and procedures.
Any other access to or use of such systems, networks, equipment, and information is without authorization and is prohibited. The
restrictions contained in this <B>Section&nbsp;6(b)</B> extend to any personal computers or other electronic devices of Executive
that are used for business purposes relating to the Company or its Affiliates. Executive shall not transfer any Company or Affiliate
information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to
the Company or an Affiliate. Upon a Termination, Executive&rsquo;s authorization to access and permission to use the Company&rsquo;s
and its Affiliates&rsquo; computer systems, networks, and equipment, and any Company and Affiliate information contained therein,
shall cease, and Executive shall delete any Company and Affiliate information from Executive&rsquo;s personal computer or other
electronic device.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition
and Non-Solicitation</U>. </B>The primary service area of the Company&rsquo;s business in which Executive will actively participate
extends separately to the Restricted Area. Therefore, as an essential ingredient of and in consideration of this Agreement and
Executive&rsquo;s employment with the Company, Executive shall not, during Executive&rsquo;s employment with the Company or during
the Restricted Period, directly or indirectly do any of the following (all of which are collectively referred to in this Agreement
as the &ldquo;<B>Restrictive Covenant</B>&rdquo;):</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engage
or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation, or control of, be employed
by, associated with, or in any manner connected with, serve as a director, officer, or consultant to, lend Executive&rsquo;s name
or any similar name to, lend Executive&rsquo;s credit to or render services or advice to, in each case in the capacity (or any
substantially similar capacity) that Executive provided services to the Company, any person, firm, partnership, corporation, other
business entity, or trust that owns, operates, or is in the process of forming a Competitor with an office located, or to be located
at an address identified in a filing with any regulatory authority, within the Restricted Area; <I>provided</I>,<I> however</I>,<I>
</I>that the ownership by Executive of shares of the capital stock of any institution, which shares are listed on a securities
exchange and that do not represent more than 1% of the institution&rsquo;s outstanding capital stock, shall not violate any terms
of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Induce
or attempt to induce any employee of the Company or its Affiliates to leave the employ of the Company or its Affiliates; (B)&nbsp;interfere
with the relationship between the Company or its Affiliates and any employee of the Company or its Affiliates; or (C)&nbsp;induce
or attempt to induce any customer, supplier, licensee, or other business relation of the Company or its Affiliates with whom Executive
had an ongoing business relationship to cease doing business with the Company or its Affiliates or interfere with the relationship
between the Company or its Affiliates and their respective customers, suppliers, licensees, or other business relations with whom
Executive had an ongoing business relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solicit
the business of any person or entity known to Executive to be a customer of the Company or its Affiliates, where Executive, or
any person reporting to Executive, had accessed Confidential Information of, had an ongoing business relationship with, or had
made Substantial Business Efforts with respect to, such person or entity, with respect to products, activities, or services that
compete in whole or in part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Serve
as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any
Competitor within the Restricted Area, with respect to products, activities, or services that Executive devoted time to on behalf
of the Company or any Affiliate (or any substantially similar products, activities, or services) and that compete in whole or in
part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accept
employment with, provide services to, or act in any other such capacity for or with any Competitor, if in such employment or capacity
Executive would inevitably use or disclose the Company&rsquo;s Confidential Information in Executive&rsquo;s work or service for
such Competitor.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Works
Made for Hire; Ownership of Company Work Product.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties understand and agree that all work prepared by Executive for the Company or for its Affiliates shall be a Work Made For
Hire as such phrase is defined under the U.S. Copyright laws, 17 U.S.C. &sect; 101 <I>et seq.</I>, and if such work does not qualify
as a Work Made For Hire, Executive shall, and does, assign to the Company all of Executive&rsquo;s right, title, and interest in
and to the work, including all patent, copyright, trademark, and other proprietary rights thereto.&nbsp; Executive waives and releases
all moral rights in any of the works as Executive may possess by virtue of the Visual Artist&rsquo;s Moral Rights Act of 1990 and
various country or state laws of attribution, authorship, and integrity commonly referred to as Moral Rights Law.&nbsp; Executive
shall not assert any claim based upon such moral rights against the Company, the Affiliates, or any of their respective successors
in interest or assigns.&nbsp; Executive shall have no right, title, or interest in any of the work and shall not be entitled to
any royalties or other proceeds received by the Company or its Affiliates from the commercialization in any manner of the work.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
hereby assigns to the Company any right, title, and interest in and to all Company Work Product that Executive may have, by law
or equity, without additional consideration of any kind whatsoever from the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Company Work Product (including obtaining patent, copyright,
trademark, or other intellectual property protection therefore in the United States and foreign countries).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Confidential Information
and Company Work Product, and the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and
otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive
right, title, and interest in and to the Confidential Information and Company Work Product, and shall not contest, challenge or
make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity of the Confidential Information
and Company Work Product, any future application for registration or registration thereof, or any rights of the Company or its
Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo; right,
title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent required by applicable state statute, this <B>Section&nbsp;6(d) </B>shall not apply to an invention for which no equipment,
supplies, facility, or trade secret information of the Company or its Affiliates was used and that was developed entirely on Executive&rsquo;s
own time, unless the invention (i) relates to the business of the Company or an Affiliate or to the Company&rsquo;s or an Affiliate&rsquo;s
actual or demonstrably anticipated research or development or (ii) results from any work performed by Executive for the Company
or an Affiliate.&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent
and Release</U>. </B>From time to time, the Company&rsquo;s store locations may be the subject of a Promotional Work.&nbsp; Executive
acknowledges that Executive is aware that Executive&rsquo;s name, image, and likeness may be captured in such Promotional Work,
and hereby consents and agrees that the Company may use Executive&rsquo;s name, image, and likeness as captured in the Promotional
Work in any manner, in connection with the Company&rsquo;s products and services, and, at all times, the Company, its Affiliates,
and, without limitation, their respective customers, successors, licensees, and assigns, may continue to use the Promotional Work
that includes Executive&rsquo;s name, image, or likeness.&nbsp; Executive, Executive&rsquo;s heirs, predecessors, successors, assigns,
and all affiliated entities hereby fully and finally release, remise, and forever discharge the Company, its Affiliates, their
respective predecessors, successors, assigns, and all affiliated entities, and each of their respective directors, officers, members,
shareholders, partners, employees, customers, agents, and attorneys, to the extent that such apply, of and from any and all manner
of actions, causes of action, losses, claims, demands, liabilities, obligations, suits, debts, sums of money, accounts, reckonings,
bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, and executions,
in law or in equity, that arise out of or are related to the Company&rsquo;s or its Affiliates&rsquo; use of a Promotional Work
that includes Executive&rsquo;s name, image, or likeness.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Online
Medium</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not create or otherwise establish any Online Medium without the Company&rsquo;s prior written consent.&nbsp; Notwithstanding
the foregoing, if Executive creates an Online Medium without such prior written consent, Executive shall, and hereby does (A) assign
to the Company any right, title, and interest Executive may have in and to the Online Medium and (B) transfer to the Company all
primary administrative rights to the Online Medium, including all codes and passwords.&nbsp; If the Company has approved the content
of any material to be posted or otherwise used online and obtained primary administrative rights to the Online Medium, then the
Company may, at its sole and absolute discretion, provide Executive with subordinate administrative access to, and guidelines for,
Executive&rsquo;s use of such Online Medium in connection with Executive&rsquo;s duties under this Agreement.&nbsp; Executive has
no right, title, or interest to any material or other information on any Online Medium including all &ldquo;fans,&rdquo; &ldquo;followers,&rdquo;
&ldquo;friends,&rdquo; and &ldquo;contacts&rdquo; associated therewith that mentions, uses, or refers in any way to Company Proprietary
and Intellectual Property, Company Work Product, or Confidential Information, which shall remain the sole and exclusive property
of the Company, even if such Online Medium is established by Executive or otherwise held in the name of Executive.&nbsp; Upon a
Termination, the Company will remove Executive&rsquo;s administrative access to the Online Medium.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Online Medium (including obtaining any available intellectual
property or similar protection therefore in the United States and foreign countries).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Online Medium, and
the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and otherwise exploit and dispose
of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive right, title, and interest in
and to the Online Medium, and shall not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo;
ownership of or the validity of the Online Medium, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Company
Proprietary and Intellectual Property</U>.</B> The Company or its Affiliates shall at all times own and have exclusive right, title,
and interest in and to all Company Proprietary and Intellectual Property, and the Company or its Affiliates shall retain the exclusive
right to use, license, sell, transfer, and otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s
or its Affiliates&rsquo; exclusive right, title, and interest in and to Company Proprietary and Intellectual Property, and shall
not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity
of Company Proprietary and Intellectual Property, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.&nbsp; Executive shall not use or otherwise exploit any of Company Proprietary and Intellectual
Property in any manner not authorized by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies
for Breach of Restrictive Covenant</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel,
and Executive acknowledges that the covenants contained in this <B>Section&nbsp;6</B> are reasonable with respect to their duration,
geographical area, and scope.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that (A) the restrictions contained in this <B>Section&nbsp;6</B> are reasonable and necessary for the protection
of the legitimate business interests of the Company, (B) such restrictions create no undue hardships, (C) any violation of these
restrictions would seriously, adversely, and irreparably injure the Company and such interests, and (D) such restrictions were
a material inducement to the Company to employ Executive and to enter into this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
must, and the Company may, communicate the existence and terms of this Agreement to any third party with whom Executive may seek
or obtain future employment or other similar arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of any violation or threatened violation of the restrictions contained in this <B>Section&nbsp;6</B>, the Company, in
addition to and not in limitation of, any other rights, remedies, or damages available to the Company under this Agreement or otherwise
at law or in equity, shall not be required to provide any amounts or benefits under this Agreement and shall be entitled to preliminary
and permanent injunctive relief to prevent or restrain any such violation by Executive and all persons directly or indirectly acting
for or with Executive, as the case may be, without any requirement that the Company post bond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive violates the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall
not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the Restrictive
Covenant; accordingly, the Restrictive Covenant shall be deemed to have the duration specified herein computed from the date the
relief is granted but reduced by the time between the period when the Restricted Period began to run and the date of the first
violation of the Restrictive Covenant by Executive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Agreements</U>.</B> In the event of the existence of another agreement between the Parties that (i)&nbsp;is in effect during the
Restricted Period, and (ii)&nbsp;contains restrictive covenants that conflict with any of the provisions of this <B>Section&nbsp;6</B>,
then the more restrictive of such provisions from the two agreements shall control for the period during which both agreements
would otherwise be in effect.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Set-Off; No Mitigation</U>.</B> Except as provided herein, the Company&rsquo;s obligation to provide benefits under this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim,
recoupment, defense, or other right the Company may have against Executive or others. In no event shall Executive be obligated
to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions
of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.</B>
Notices and all other communications under this Agreement shall be in writing and shall be deemed given when mailed by United States
registered or certified mail, return receipt requested, postage prepaid, addressed as follows: if to the Company, to the principal
headquarters of the Company, attention: Vice President Human Resources, with a copy to the Chairman of the Board of Directors;
and if to Executive, to Executive&rsquo;s most recent address in the Company&rsquo;s records; or, in each respective case, to such
other address as either Party may furnish to the other in writing, except that notices of changes of address shall be effective
only upon receipt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>.</B> This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice
of Venue and Consent to Jurisdiction</U>.</B> Each Party hereby irrevocably submits to the exclusive jurisdiction of the courts
located in the City of Manhattan, Kansas, if such courts have or can acquire jurisdiction, and if such jurisdiction does not exist
and cannot be acquired, to the exclusive jurisdiction of the United States District Court serving the City of Manhattan, Kansas,
for the purpose of any suit, action, or other proceeding arising out of or based on this Agreement or any other agreement contemplated
hereby or any subject matter hereof, whether in tort, contract, or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service
of Process</U>.</B> Each Party may be served with process in any manner permitted under State of Kansas law, or by United States
registered or certified mail, return receipt requested.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement</U>. </B>This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof, and
supersedes all prior negotiations, undertakings, agreements, and arrangements with respect thereto, whether written or oral, including
the Prior Employment Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding
of Taxes</U>.</B> The Company may withhold from any benefits payable under this Agreement all federal, state, city and other taxes
as may be required pursuant to any law, governmental regulation, or ruling.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Assignment</U>.</B> Executive&rsquo;s right to receive benefits under this Agreement shall not be assignable or transferable whether
by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution.
In the event of any attempted assignment or transfer contrary to this <B>Section&nbsp;14</B>, the Company and its Affiliates shall
have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and
be enforceable by Executive&rsquo;s personal and legal representatives, executors, administrators, successors, heirs, distributees,
devisees, and legatees.</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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors, and assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal
Fees</U>.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or
protect such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be
entitled to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other
costs relating to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.</B>
This Agreement may not be amended or modified except by written agreement signed by the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code
Section 409A</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>To
the extent any provision of this Agreement or action by the Company would subject Executive to liability for interest or additional
taxes under Code Section 409A, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Company.
It is intended that this Agreement will comply with Code Section 409A, and this Agreement shall be administered accordingly and
interpreted and construed on a basis consistent with such intent. Notwithstanding any provision of this Agreement to the contrary,
no termination or similar payments or benefits shall be payable hereunder on account of a Termination unless such Termination constitutes
a &ldquo;separation from service&rdquo; within the meaning of Code Section 409A. For purposes of Code Section 409A, all installment
payments of deferred compensation made hereunder, or pursuant to another plan or arrangement, shall be deemed to be separate payments.
To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Code Section 409A, such reimbursements
and in-kind benefit payments shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv). This Agreement may
be amended to the extent necessary (including retroactively) by the Company to avoid the application of taxes or interest under
Code Section 409A, while maintaining to the maximum extent practicable the original intent of this Agreement. This <B>Section&nbsp;18</B>
shall not be construed as a guarantee of any particular tax effect for Executive&rsquo;s benefits under this Agreement and the
Company does not guarantee that any such benefits will satisfy the provisions of Code Section&nbsp;409A or any other provision
of the Code.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
any provision of this Agreement to the contrary, if Executive is determined to be a Specified Employee as of the Termination Date,
then, to the extent required pursuant to Code Section 409A, payments due under this Agreement that are deemed to be deferred compensation
shall be subject to a six-month delay following the Termination Date; and all delayed payments shall be accumulated and paid in
a lump-sum payment as of the first day of the seventh month following the Termination Date (or, if earlier, as of Executive&rsquo;s
death), with all such delayed payments being credited with interest (compounded monthly) for this period of delay equal to the
prime rate in effect on the first day of such six-month period. Any portion of the benefits hereunder that were not otherwise due
to be paid during the six-month period following the Termination Date shall be paid to Executive in accordance with the payment
schedule established herein.</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Scope
of Company and Affiliate Obligations</U>. </B>Although the Company and its Affiliates may have jointly obligated themselves to
Executive under certain provisions of this Agreement, in no event shall Executive be entitled to more than what is explicitly provided
for hereunder, such that no duplicative payments shall be provided under this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>In
this Agreement, unless otherwise stated, the following uses apply: (i)&nbsp;references to a statute refer to the statute and any
amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or its
successors, as in effect at the relevant time; (ii)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including,&rdquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (iii)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (iv)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (v)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (vi)&nbsp;all references to preambles, recitals,
sections, and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (vii)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (viii)&nbsp;any reference to a document or set of documents, and the rights and obligations of
the parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (ix)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (x)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (xi)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>If
a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity
or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement
and all other provisions shall remain in full force and effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
various covenants and provisions of this Agreement are intended to be severable and to constitute independent and distinct binding
obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Without
limiting the generality of the foregoing, if the scope of any covenant contained in this Agreement is too broad to permit enforcement
to its full extent, such covenant shall be enforced to the maximum extent permitted by law, and such scope may be judicially modified
accordingly.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same Agreement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.</B>
As used in this Agreement, the terms defined in this <B>Section 21 </B>have the meanings set forth below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>1934
Act</B>&rdquo; means the Securities Exchange Act of 1934.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Affiliate</B>&rdquo;
means each Business Entity that, directly or indirectly, is controlled by, controls, or is under common control with, the Company,
where &ldquo;control&rdquo; means (i) the ownership of more than 50% of the Voting Securities or other voting or equity interests
of any Business Entity, or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Business Entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Agreement</B>&rdquo;
means this employment agreement, made and entered into as of the Effective Date, by and between the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Annual
Base Salary</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(a)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Average
Incentive Bonus</B>&rdquo; means the average of Incentive Bonuses determined for the immediately preceding three completed fiscal
years of the Company; <I>provided, however</I>, that if an Incentive Bonus has not yet been determined for a previously completed
fiscal year as of the Termination Date, then Target Bonus shall be used with respect to such fiscal year for purposes of calculating
the Average Incentive Bonus. For purposes of calculating the Average Incentive Bonus, fiscal years for which no bonus was determined
to have been earned shall be included in the calculation of the three-year average.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank</B>&rdquo;
means Landmark National Bank, a national chartered bank with its main office located in Manhattan, Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank
Board</B>&rdquo; means the Board of Directors of the Bank.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Base
Compensation</B>&rdquo; means the amount equal to the sum of (i)&nbsp;the greater of Executive&rsquo;s then-current Annual Base
Salary or Executive&rsquo;s Annual Base Salary as of the date one day prior to the Change in Control, (ii)&nbsp;the Average Incentive
Bonus, and (iii)&nbsp;the contributions made or credited by the Company under all employee retirement plans for the benefit of
Executive (other than elective deferrals by Executive) for the most recently completed fiscal year of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Board</B>&rdquo;
means the Board of Directors of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Business
Entity</B>&rdquo; means any corporation, partnership, limited liability company, joint venture, association, partnership, business
trust or other business entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Change
in Control</B>&rdquo; means the first to occur of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation of the acquisition by any &ldquo;person&rdquo; (as such term is defined in Section 13(d) or 14(d) of the 1934 Act)
of &ldquo;beneficial ownership&rdquo; (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of more than 50% of the
combined voting power of the then outstanding Voting Securities of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
any 12-month period, the individuals who, as of the Effective Date, are members of the Board cease for any reason to constitute
a majority of the Board, unless the election, or nomination for election by the Company&rsquo;s shareholders, of any new director
was approved by a vote of a majority of the Board, in which case such new director shall, for purposes of this Agreement, be considered
as a member of the Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation by the Company of: (A) a merger or consolidation if the Company&rsquo;s shareholders immediately before such merger
or consolidation do not, as a result of such merger or consolidation, own, directly or indirectly, more than 50% of the combined
voting power of the then outstanding Voting Securities of the entity resulting from such merger or consolidation in substantially
the same proportion as their ownership of the combined voting power of the Voting Securities of the Company outstanding immediately
before such merger or consolidation; or (B) a complete liquidation or dissolution of, or an agreement for the sale or other disposition
of all or substantially all of the assets of, the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Notwithstanding any provision
of this definition to the contrary, a Change in Control shall not be deemed to have occurred solely because more than 50% of the
combined voting power of the then outstanding securities of the Company are acquired by (A) a trustee or other fiduciary holding
securities under one or more employee benefit plans maintained by the Company or an Affiliate or (B) any corporation that, immediately
prior to such acquisition, is owned directly or indirectly by the Company&rsquo;s shareholders in the same proportion as their
ownership of stock immediately prior to such acquisition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Further notwithstanding
any provision of this definition to the contrary, in the event that any amount or benefit under this Agreement constitutes deferred
compensation under Code Section 409A and the settlement of or distribution of such amount or benefit is to be triggered by a Change
in Control, then such settlement or distribution shall be subject to the event constituting the Change in Control also constituting
a &ldquo;change in control event&rdquo; under Code Section 409A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>COBRA</B>&rdquo;
means the Consolidated Omnibus Budget Reconciliation Act of 1985.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Code</B>&rdquo;
means the Internal Revenue Code of 1986.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company</B>&rdquo;
means Landmark Bancorp, Inc., a Delaware corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Proprietary and Intellectual Property</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases,
plans, lists, inventions, discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created,
compiled, or otherwise developed by the Company or its Affiliates and/or comprised, in whole or part, of Confidential Information,
together with all patent rights, copyrights, trademarks, service marks, trade name rights and other source identifiers, trade secrets,
and other intellectual property and property rights therein, if any.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Work Product</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases, plans, lists, inventions,
discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created, compiled, or otherwise
developed by Executive in the course of Executive&rsquo;s employment with the Company or its Affiliates and/or comprised, in whole
or part, of Confidential Information, together with all patent rights, copyrights, trademarks, service marks, trade name rights,
trade secrets, and other intellectual property and propriety rights therein, if any. Notwithstanding the foregoing sentence, to
the extent required by applicable state statute, Company Work Product shall not include (i) any inventions independently developed
by Executive and not derived, in whole or part, from any Confidential Information or (ii) any invention made by Executive prior
to Executive&rsquo;s exposure to any Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Competitor</B>&rdquo;
means a bank, savings bank, savings and loan association, credit union, or similar financial institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Confidential
Information</B>&rdquo; means confidential or proprietary non-public information concerning the Company or its Affiliates, including
research, development, designs, formulae, processes, specifications, technologies, marketing materials, financial and other information
concerning customers and prospective customers, customer lists, records, data, computer programs, source codes, object codes, database
structures, trade secrets, proprietary business information, pricing and profitability information, policies, strategic planning,
commitments, plans, procedures, litigation, pending litigation, and other information not generally available to the public.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Covered
Period</B>&rdquo; means the period beginning six months prior to a Change in Control and ending on the date that is 24 months after
the Change in Control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Disability</B>&rdquo;
means that (i)&nbsp;Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, or (ii)&nbsp;Executive is, by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than three months under an accident or health plan covering employees of the Company. In the
event of a dispute regarding whether Executive has incurred a Disability, each of Executive and the Company shall choose a physician
who together shall choose a third physician to make a final determination regarding whether Executive has incurred a Disability.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Effective
Date</B>&rdquo; means November 1, 2013.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Employment
Period</B>&rdquo; has the meaning set forth in <B>Section&nbsp;1</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Excess
Parachute Payment</B>&rdquo; has the meaning set forth in Code Section&nbsp;280G.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Executive</B>&rdquo;
means Dean R. Thibault.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIA</B>&rdquo;
means the Federal Deposit Insurance Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIC</B>&rdquo;
means the Federal Deposit Insurance Corporation.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Good
Reason</B>&rdquo; means the occurrence of any one of the following events, unless Executive agrees in writing that such event shall
not constitute Good Reason:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material and adverse change in the nature, scope, or status of Executive&rsquo;s position, authorities, or duties from those in
effect in accordance with <B>Section&nbsp;2</B>; <I>provided</I>, <I>however</I>, that a change in title as a result of a merger
or reorganization of the Company or the Bank, where Executive maintains a similar level of responsibility or oversight (including,
where applicable, duties with respect to a public company officer or director), shall not constitute Good Reason or a breach of
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material reduction in Executive&rsquo;s then-current Annual Base Salary, or a material reduction in Executive&rsquo;s aggregate
benefits or other compensation plans in effect immediately following the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
relocation of Executive&rsquo;s primary place of employment of more than 25 miles, which relocation also causes Executive&rsquo;s
primary place of employment to be located further from Executive&rsquo;s primary residence;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Removal
of Executive from, or failure to elect Executive to, the Board or the Bank Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by the Company of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Notwithstanding
any provision of this Good Reason definition to the contrary, (A) prior to a Termination for Good Reason, Executive must give the
Company written notice of the existence of any condition set forth in a clause immediately above within 90 days of its initial
existence and the Company shall have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason,
if curable, and if, during such 30-day period, the Company cures the condition giving rise to Good Reason, such condition shall
not constitute Good Reason and (B)&nbsp;any Termination for Good Reason must occur within six months of the initial existence of
the condition constituting Good Reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Incentive
Bonus</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(b)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Involuntary
Termination</B>&rdquo; means a Termination during the Employment Period either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
the Company, other than (A) a Termination for Cause, (B) a termination as a result of Executive&rsquo;s death or Disability, or
(C) a termination due to the expiration of this Agreement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
Executive for Good Reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Minimum
Benefits</B>&rdquo; means, as applicable, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Annual Base Salary for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; <I>provided</I>, <I>however</I>,
that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
accrued but unpaid vacation pay for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
unreimbursed business expenses through and including the Termination Date, <I>provided</I> that all required submissions for expense
reimbursement are made in accordance with the Company&rsquo;s expense reimbursement policy and within 15 days following the Termination
Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
benefits, incentives, and awards described in <B>Section&nbsp;4(g)(i)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Online
Medium</B>&rdquo; means any website, domain, social network account or identity, blog, feed, email address, email distribution
list, or other Internet account or presence (including Instagram, Tumblr, Facebook, Twitter, and Flicker) that incorporates, exploits,
utilizes, displays, or otherwise makes use of any of the Company Proprietary and Intellectual Property, Company Work Product, or
Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Parties</B>&rdquo;
means the Company, the Bank, and Executive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Prior
Employment Agreement</B>&rdquo; has the meaning set forth in the Recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(hh)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Promotional
Work</B>&rdquo; means, without limitation, photographs, films, clips, sketches, segments, and other media and promotional works.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Release</B>&rdquo;
means a general release and waiver substantially in the form attached hereto as Exhibit A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(jj)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Area</B>&rdquo; means the area that encompasses a 35-mile radius from each banking or other office location of the Company and
its Affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(kk)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Period</B>&rdquo; means a period of 18 months immediately following a Termination, whether such Termination occurs during the Employment
Period or thereafter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ll)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restrictive
Covenant</B>&rdquo; has the meaning set forth in <B>Section&nbsp;6(c)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(mm)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Amount</B>&rdquo; means</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during the Employment Period and not during a Covered Period, an amount equal to 100% of Executive&rsquo;s
Base Compensation as of the respective Termination; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during a Covered Period, an amount equal to 200% of Executive&rsquo;s Base Compensation as of the respective
Termination. <B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in"><B>&nbsp;</B></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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(nn)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Restrictions</B>&rdquo; means any applicable statute, law, regulation, or regulatory interpretation or other guidance, including
FIL-66-2010 and any related or successor FDIC guidance, that would require the Company or any Affiliate to seek or demand repayment
or return of any payments made to Executive for any reason, including the Company, an Affiliate or their successors later obtaining
information indicating that Executive has committed, is substantially responsible for, or has violated, the respective acts or
omissions, conditions, or offenses outlined under 12 C.F.R. 359.4(a)(4).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(oo)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Specified
Employee</B>&rdquo; means any person who is a &ldquo;key employee&rdquo; (as defined in Code Section 416(i) without regard to paragraph
(5) thereof), as determined by the Company based upon the 12-month period ending on each December 31st (such 12-month period is
referred to below as the &ldquo;identification period&rdquo;). If Executive is determined to be a key employee, Executive shall
be treated as a Specified Employee for purposes of this Agreement during the 12-month period that begins on the April 1 following
the close of the identification period. For purposes of determining whether Executive is a key employee, &ldquo;compensation&rdquo;
means Executive&rsquo;s W-2 compensation as reported by the Company for a particular calendar year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(pp)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Substantial
Business Efforts</B>&rdquo; means marketing, promotional, purchasing, sales, or solicitation activities undertaken on behalf of
the Company or an Affiliate, which include (i)&nbsp;in person and voice communications and (ii)&nbsp;either or both of (A)&nbsp;delivery
of a quote, bid, proposal, or request for any of the foregoing or (B)&nbsp;visits to the site of the actual or potential business
development and other similar meetings or visits (conducted alone or with other employees of the Company or an Affiliate), where
such activities would enjoy a reasonable prospect of success in the absence of any breach of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(qq)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Target
Bonus</B>&rdquo; means Executive&rsquo;s target Incentive Bonus for the applicable fiscal year, if one is used, and if not, the
Target Bonus shall be determined based upon the mid-point between the maximum Incentive Bonus and the threshold Incentive Bonus
for the applicable fiscal year, with the threshold bonus based upon the first level of performance for which some amount of Incentive
Bonus would be payable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(rr)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination</B>&rdquo;
means termination of Executive&rsquo;s employment with the Company and all Affiliates for any reason or no reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ss)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
Date</B>&rdquo; means the date of Termination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(tt)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
for Cause</B>&rdquo; means a termination of Executive&rsquo;s employment by the Company as a result of any of the following (in
each case as determined by the Board):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
willful and continuing failure to perform Executive&rsquo;s obligations hereunder, which failure is not remedied within 10 business
days after receipt of written notice of such failure from the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
conviction of, or plea of <I>nolo contendere</I> to, a crime of embezzlement or fraud or any felony under the laws of the United
States or any state thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
breach of fiduciary responsibility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act of dishonesty by Executive that is materially injurious to the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
engagement in one or more unsafe or unsound banking practices that have a material adverse effect on the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
removal or permanent suspension from banking pursuant to Section 8(e) of the FDIA or any other applicable state or federal law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act or omission by Executive that leads to a material harm (financial or reputational) to the Company or an Affiliate; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of Company policies as may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, a
Termination for Cause shall be deemed to have occurred if, within 12 months following the Termination, facts and circumstances
arising during the course of such employment are discovered that would have warranted a Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, with
respect to subsections (i), (vii), (viii), and (ix), Executive shall be entitled to at least 30 days&rsquo; prior written notice
of the Company&rsquo;s intention to terminate Executive&rsquo;s employment in a Termination for Cause, which notice shall specify
the grounds for the Termination for Cause; and Executive shall be provided a reasonable opportunity to cure any conduct or act,
if curable, alleged as grounds for the Termination for Cause, and a reasonable opportunity to present to the Board Executive&rsquo;s
position regarding any dispute relating to the existence of any grounds for Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, all
rights Executive has or may have under this Agreement shall be suspended automatically during (A) the pendency of any investigation
by the Board or its designee, or (B) any negotiations between the Board or its designee and Executive regarding any actual or alleged
act or omission by Executive of the type that would warrant a Termination for Cause and any such suspension shall not give rise
to a claim of Good Reason by Executive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(uu)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Total
Payments</B>&rdquo; has the meaning set forth in <B>Section&nbsp;4(f)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(vv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Voting
Securities</B>&rdquo; means any securities that ordinarily possess the power to vote in the election of directors without the happening
of any precondition or contingency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival</U>.</B>
The provisions of <B>Section&nbsp;6</B> shall survive the termination of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>[Signature page follows.]</I></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
each of the Company and the Bank has caused this Agreement to be executed in its name and on its behalf, and Executive acknowledges
understanding and acceptance of, and agrees to, the terms of this Agreement, all as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></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="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK NATIONAL BANK</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">Dean R. Thibault</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Dean R. Thibault</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>


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<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><U>EXHIBIT A</U></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B><U>Agreement
and Release and Waiver</U></B></FONT></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">This <FONT STYLE="font-variant: small-caps"><B>Agreement
and Release</B></FONT> (&ldquo;<B>Agreement</B>&rdquo;) is made and entered into by and between <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT> (the &ldquo;<B>Company</B>&rdquo;) and <FONT STYLE="background-color: yellow">[_______________]</FONT>
(&ldquo;<B>Executive</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company desire to settle fully and amicably all issues between them, including any issues arising out of Executive&rsquo;s
employment with the Company and the termination of that employment; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company are parties to that certain Employment Agreement, made and entered into as of <FONT STYLE="background-color: yellow">[_______________]</FONT>,
as amended (the &ldquo;<B>Employment Agreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Now,
therefore</B></FONT>, for and in consideration of the mutual promises contained herein, and for other good and sufficient consideration,
receipt of which is hereby acknowledged, Executive and the Company (collectively, the &ldquo;<B>Parties</B>&rdquo; and, individually,
each a &ldquo;<B>Party</B>&rdquo;), intending to be legally bound, hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Employment.</B> Executive&rsquo;s employment with the Company shall terminate effective as of the close of business on <FONT STYLE="background-color: yellow">[_______________]</FONT>
(the &ldquo;<B>Termination Date</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation
and Benefits.</B> Subject to the terms of this Agreement, the Company shall compensate Executive under this Agreement as follows
(collectively, the &ldquo;<B>Severance Payments</B>&rdquo;):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance
Amount</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accrued
Salary and Vacation</U>. Executive shall be entitled to a lump sum payment in an amount equal to Executive&rsquo;s earned but unpaid
annual base salary and vacation pay for the period ending on the Termination Date, with such payment to be made on the first payroll
date following the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>COBRA
Benefits</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Executive
Acknowledgement</U>. Executive acknowledges that, subject to fulfillment of all obligations provided for herein, Executive has
been fully compensated by the Company, including under all applicable laws, and that nothing further is owed to Executive with
respect to wages, bonuses, severance, other compensation, or benefits. Executive further acknowledges that the Severance Payments
(other than (b) above) are consideration for Executive&rsquo;s promises contained in this Agreement, and that the Severance Payments
are above and beyond any wages, bonuses, severance, other compensation, or benefits to which Executive is entitled from the Company
under the terms of Executive&rsquo;s employment or under any other contract or law that Executive would be entitled to absent execution
of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
The Severance Payments shall be treated as wages and subject to all taxes and other payroll deductions required by law.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Benefits.</B> Except as provided in <B>Section 2</B> above or as may be required by law, Executive&rsquo;s participation in
all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing
contained herein shall limit or otherwise impair Executive&rsquo;s right to receive pension or similar benefit payments that are
vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable
plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release
of Claims and Waiver of Rights.</B> Executive, on Executive&rsquo;s own behalf and that of Executive&rsquo;s heirs, executors,
attorneys, administrators, successors, and assigns, fully releases and discharges the Company, its predecessors, successors, parents,
subsidiaries, affiliates, and assigns, and its and their directors, officers, trustees, employees, and agents, both in their individual
and official capacities, and the current and former trustees and administrators of each retirement and other benefit plan applicable
to the employees and former employees of the Company, both in their official and individual capacities (the &ldquo;<B>Releasees</B>&rdquo;)
from all liability, claims, demands, and actions Executive now has, may have had, or may ever have, whether currently known or
unknown, as of or prior to Executive&rsquo;s execution of this Agreement (the &ldquo;<B>Release</B>&rdquo;), including liability
claims, demands, and actions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arising
from or relating to Executive&rsquo;s employment or other association with the Company, or the termination of such employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to wages, bonuses, other compensation, or benefits,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment or change in control contract,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment law, including</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
United States and State of Kansas Constitutions,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1964,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1991,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Equal Pay Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee Retirement Income Security Act of 1974,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Age Discrimination in Employment Act (the &ldquo;<B>ADEA</B>&rdquo;),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Americans with Disabilities Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Order 11246, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
other federal, state, or local statute, ordinance, or regulation relating to employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any right of payment for disability,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any statutory or contractual right of payment, and</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
relief on the basis of any alleged tort or breach of contract under the common law of the State of Kansas or any other state, including
defamation, intentional or negligent infliction of emotional distress, breach of the covenant of good faith and fair dealing, promissory
estoppel, and negligence.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Executive acknowledges
that Executive is aware that statutes exist that render null and void releases and discharges of any claims, rights, demands, liabilities,
actions, and causes of action that are unknown to the releasing or discharging party at the time of execution of the release and
discharge. Executive waives, surrenders, and shall forego any protection to which Executive would otherwise be entitled by virtue
of the existence of any such statutes in any jurisdiction, including the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exclusions
from General Release.</B> Excluded from the Release are any claims or rights that cannot be waived by law, as well as Executive&rsquo;s
right to file a charge with an administrative agency or participate in any agency investigation. Executive is, however, waiving
the right to recover any money in connection with a charge or investigation. Executive is also waiving the right to recover any
money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other
federal or state agency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenant
Not to Sue.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;covenant not to sue&rdquo; is a legal term that means Executive promises not to file a lawsuit in court. It is different
from the release of claims and waiver of rights contained in <B>Section 4</B> above. Besides waiving and releasing the claims covered
by <B>Section 4</B> above, Executive shall never sue the Releasees in any forum for any reason covered by the Release. Notwithstanding
this covenant not to sue, Executive may bring a claim against the Company to enforce this Agreement, to challenge the validity
of this Agreement under the ADEA or for any claim that arises after execution of this Agreement. If Executive sues any of the Releasees
in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys&rsquo; fees and costs (including
the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive&rsquo;s suit. In
addition, if Executive sues any of the Releasees in violation of this Agreement, the Company can require Executive to return all
but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in
this Agreement. In that event, the Company shall have no obligation to make any further Severance Payments.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and
execute all necessary documents to withdraw or dismiss such lawsuit to the extent Executive&rsquo;s agreement to withdraw, dismiss,
or not file a lawsuit would not be a violation of any applicable law or regulation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representations
by Executive.</B> Executive warrants that Executive is legally competent to execute this Agreement and that Executive has not relied
on any statements or explanations made by the Company or its attorneys. <B>Executive acknowledges that Executive has been afforded
the opportunity to be advised by legal counsel regarding the terms of this Agreement, including the Release. Executive acknowledges
that Executive has been offered at least 21 days to consider this Agreement. After being so advised, and without coercion of any
kind, Executive freely, knowingly, and voluntarily enters into this Agreement. Executive acknowledges that Executive may revoke
this Agreement within seven days after Executive has signed this Agreement and acknowledges understanding that this Agreement shall
not become effective or enforceable until seven days after Executive has signed this Agreement (the &ldquo;Effective Date&rdquo;),
as evidenced by the date set forth below Executive&rsquo;s signature on the signature page hereto.</B> Any revocation must be in
writing and directed to <FONT STYLE="background-color: yellow">[_______________]</FONT>. If sent by mail, any revocation must be
postmarked within the seven-day period described above and sent by certified mail, return receipt requested.</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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictive
Covenants.</B> Section 6 of the Employment Agreement (entitled &ldquo;Restrictive Covenants&rdquo;), shall continue in full force
and effect as if fully restated herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Disparagement.</B>
Executive shall not engage in any disparagement or vilification of the Releasees, and shall refrain from making any false, negative,
critical, or disparaging statements, implied or expressed, concerning the Releasees, including regarding management style, methods
of doing business, the quality of products and services, role in the community, or treatment of employees. Executive shall do nothing
that would damage the Company&rsquo;s business reputation or goodwill.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall return to the Company all information, property, and supplies belonging to the Company or any of its affiliates, including
any confidential or proprietary information, Company autos, keys (for equipment or facilities), laptop computers and related equipment,
cellular phones, smart phones or PDAs (including SIM cards), security cards, corporate credit cards, and the originals and all
copies of all files, materials, and documents (whether in tangible or electronic form) containing confidential or proprietary information
or relating to the business of the Company or any of its affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not, at any time on or after the Termination Date, directly or indirectly use, access, or in any way alter or modify any
of the databases, e-mail systems, software, computer systems, or hardware or other electronic, computerized, or technological systems
of the Company or any of its affiliates. Executive acknowledges that any such conduct by Executive would be illegal and would subject
Executive to legal action by the Company, including claims for damages and/or appropriate injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Admissions.</B> The Company denies that the Company or any of its affiliates, or any of their employees or agents, has taken any
improper action against Executive, and this Agreement shall not be admissible in any proceeding as evidence of improper action
by the Company or any of its affiliates or any of their employees or agents.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Confidentiality
of Agreement.</B> Executive shall keep the existence and the terms of this Agreement confidential, except for Executive&rsquo;s
immediate family members and Executive&rsquo;s legal and tax advisors in connection with services related hereto and except as
may be required by law or in connection with the preparation of tax returns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Waiver.</B>
The Company&rsquo;s waiver of a breach of this Agreement by Executive shall not be construed or operate as a waiver of any subsequent
breach by Executive of the same or of any other provision of this Agreement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing
Law. </B>This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal
Fees.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or protect
such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be entitled
to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other costs relating
to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entire
Agreement.</B> This Agreement sets forth the entire agreement of the Parties regarding the subject matter hereof, and shall be
final and binding as to all claims that have been or could have been advanced on behalf of Executive pursuant to any claim arising
out of or related in any way to Executive&rsquo;s employment with the Company and the termination of that employment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterparts.</B>
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Successors.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enforcement.</B>
The provisions of this Agreement shall be regarded as divisible and separable and if any provision should be declared invalid or
unenforceable by a court of competent jurisdiction, the validity and enforceability of the remaining provisions shall not be affected
thereby. If the scope of any restriction or requirement contained in this Agreement is too broad to permit enforcement of such
restriction or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum extent permitted
by law, and Executive hereby consents that any court of competent jurisdiction may so modify such scope in any proceeding brought
to enforce such restriction or requirement. In addition, Executive stipulates that breach by Executive of restrictions and requirements
under this Agreement will cause irreparable damage to the Releasees in the case of Executive&rsquo;s breach and that the Company
would not have entered into this Agreement without Executive binding Executive to these restrictions and requirements. In the event
of Executive&rsquo;s breach of this Agreement, in addition to any other remedies the Company may have, and without bond and without
prejudice to any other rights and remedies that the Company may have for Executive&rsquo;s breach of this Agreement, the Company
shall be relieved of any obligation to provide Severance Payments and shall be entitled to an injunction to prevent or restrain
any such violation by Executive and all persons directly or indirectly acting for or with Executive. Executive stipulates that
the restrictive period for which the Company is entitled to an injunction shall be extended in for a period that equals the time
period during which Executive is or has been in violation of the restrictions contained herein.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction.</B>
In this Agreement, unless otherwise stated, the following uses apply: (a)&nbsp;references to a statute refer to the statute and
any amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or
its successors, as in effect at the relevant time; (b)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including, &ldquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (c)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (d)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (e)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (f)&nbsp;all references to preambles, recitals, sections,
and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (g)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (h)&nbsp;any reference to a document or set of documents, and the rights and obligations of the
parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (i)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (j)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (k)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
Cooperation.</B> In connection with any and all claims, disputes, negotiations, governmental, internal or other investigations,
lawsuits, or administrative proceedings (the &ldquo;<B>Legal Matters</B>&rdquo;) involving the Company or any affiliate, or any
of their current or former officers, employees or board members (collectively, the &ldquo;<B>Disputing Parties</B>&rdquo; and,
individually, each a &ldquo;<B>Disputing Party</B>&rdquo;), Executive shall make himself reasonably available, upon reasonable
notice from the Company and without the necessity of subpoena, to provide information and documents, provide declarations and statements
regarding a Disputing Party, meet with attorneys and other representatives of a Disputing Party, prepare for and give depositions
and testimony, and otherwise cooperate in the investigation, defense, and prosecution of any and all such Legal Matters, as may,
in the good faith and judgment of the Company, be reasonably requested. The Company shall consult with Executive and make reasonable
efforts to schedule such assistance so as not to materially disrupt Executive&rsquo;s business and personal affairs. The Company
shall reimburse all reasonable expenses incurred by Executive in connection with such assistance, including travel, meals, rental
car, and hotel expenses, if any; <I>provided</I> such expenses are approved in advance by the Company and are documented in a manner
consistent with expense reporting policies of the Company as may be in effect from time to time.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>In
witness whereof</B></FONT><B>,</B> the Parties have duly executed this Agreement as of the dates set forth below their respective
signatures below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></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="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</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: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: justify">Title:</TD>
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>EXECUTIVE</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
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<TYPE>EX-10.5
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<FILENAME>v363534_ex10-5.htm
<DESCRIPTION>EXHIBIT 10.5
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt; font-variant: small-caps"><B>Employment
Agreement</B></FONT></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">This<FONT STYLE="font-variant: small-caps"><B>
Employment Agreement </B></FONT>is made and entered into effective November 1, 2013,<B> </B>by and among <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT>, a Delaware corporation, <FONT STYLE="font-variant: small-caps"><B>Landmark National Bank</B></FONT>,
a Kansas chartered bank with its main office located in Manhattan, Kansas, and Mark J. Oliphant. As used in this Agreement, capitalized
terms have the meanings set forth in <B>Section 21</B>.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Bank is a wholly-owned subsidiary of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
is currently employed as Executive Vice President/Retail Banking of the Bank, pursuant to that certain employment agreement, dated
1/31/2005, among the Company, the Bank, and Executive, as amended (the &ldquo;<B>Prior Employment Agreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company and the Bank desire to continue to employ Executive pursuant to the terms of this Agreement and Executive desires to continue
to be employed by the Company and the Bank pursuant to such terms.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties have made commitments to each other on a variety of important issues concerning Executive&rsquo;s employment, including
the performance that will be expected of Executive, the compensation Executive will be paid, how long and under what circumstances
Executive will remain employed, and the financial details relating to any decision that either the Company or Executive may make
to terminate this Agreement and Executive&rsquo;s employment with the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties desire to enter into this Agreement as of the Effective Date and to have this Agreement supersede all prior employment
agreements between the Parties, including the Prior Employment Agreement, whether or not in writing, and to have any such prior
employment agreements become null and void as of the Effective Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Agreement</B></FONT></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">In consideration of
the foregoing and the mutual promises and covenants of the Parties set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
expressly covenant and agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Period</U>.</B> The Company shall continue to employ Executive during the Employment Period and Executive shall remain in the employ
of the Company and provide services to the Company during the Employment Period in accordance with the terms of this Agreement.
The &ldquo;<B>Employment Period</B>&rdquo; shall be the period beginning on the Effective Date and ending on the one year anniversary
of the Effective Date, unless sooner terminated as provided herein, <I>provided</I> that the Employment Period shall be extended
automatically for one additional year beginning on the one year anniversary of the Effective Date and on each anniversary thereafter
unless either Party notifies the other Party, by written notice delivered no later than 90 days prior to such anniversary, that
the Employment Period shall not be extended. Notwithstanding any provision of this Agreement to the contrary, if a Change in Control
occurs during the Employment Period, this Agreement shall remain in effect for the two-year period immediately following the Change
in Control and shall then terminate.</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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>During
the Employment Period, Executive shall devote Executive&rsquo;s full business time, energy, and talent to serving as Executive
Vice President/Retail Banking of the Bank, subject to the direction of the President.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall have the duties that are commensurate with Executive&rsquo;s positions and any other duties that may be assigned to Executive
by the President, and Executive shall perform all such duties faithfully and efficiently. Executive shall have such powers as are
inherent to the undertakings applicable to Executive&rsquo;s positions and necessary to carry out the duties required of Executive
hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
the foregoing provisions of this <B>Section&nbsp;2</B>, during the Employment Period, Executive may devote reasonable time to activities
other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature
to the extent such activities do not, in the judgment of the President, inhibit, prohibit, interfere with, or conflict with Executive&rsquo;s
duties under this Agreement or conflict in any material way with the business of the Company or any Affiliate; <I>provided, however,</I>
that Executive shall not serve on the board of directors of any business (other than the Company or an Affiliate) or hold any other
position with any business without receiving the prior written consent of the President or the Chief Executive Officer.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Benefits</U>.</B> During the Employment Period, while Executive is employed by the Company, the Company shall compensate Executive
for Executive&rsquo;s services as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be paid a base salary at an annual rate of $158,000 (the &ldquo;<B>Annual Base Salary</B>&rdquo;), which shall be payable
in accordance with the normal payroll practices of the Company then in effect. Beginning in 2014, each year during the Employment
Period, Executive&rsquo;s Annual Base Salary shall be reviewed by the Board for possible increase, but not decrease, with any such
increase to be effective as of January 1 (the anniversary date) of the year of such adjustment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to receive performance-based annual incentive bonuses (each, the &ldquo;<B>Incentive Bonus</B>&rdquo;) from the
Company for each fiscal year ending during the Employment Period. Incentive Bonuses shall be established and determined in accordance
with the Company&rsquo;s annual cash incentive plan, as may be in effect from time to time, or otherwise as determined by the Board.
Any Incentive Bonus shall be paid to Executive no later than two and one-half months after the close of the year in which it is
earned, <I>provided</I> that any Incentive Bonus shall not be considered earned until the Board has made all determinations and
taken all actions necessary to establish such Incentive Bonus.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to participate, subject to the terms thereof, in all incentive plans of the Company as may be in effect from
time to time with respect to senior executives employed by the Company, on as favorable a basis as other similarly situated and
performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
and Executive&rsquo;s dependents, as the case may be, shall be eligible to participate, subject to the terms thereof, in all pension
and similar benefit plans and all medical, dental, disability, group and executive life, accidental death and travel accident insurance,
and other similar welfare benefit plans of the Company as may be in effect from time to time with respect to senior executives
employed by the Company, on as favorable a basis as other similarly situated and performing executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be entitled to accrue paid vacation days and holidays in accordance with and subject to the Company&rsquo;s paid time off
programs and policies as may be in effect from time to time, <I>provided</I> that the minimum aggregate number of vacation days
and holidays Executive shall accrue per calendar year is 20 days, beginning on each annual anniversary date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to be reimbursed by the Company, on terms that are substantially similar to those that apply to other similarly
situated and performing executives employed by the Company, for reasonable out-of-pocket expenses for entertainment, travel, meals,
lodging, and similar items that are consistent with the Company&rsquo;s expense reimbursement policy and that are actually incurred
by Executive in the promotion of the Company&rsquo;s business.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company shall provide an automobile for Executive&rsquo;s use in the performance of Executive&rsquo;s duties hereunder and shall
pay all expenses for maintenance, repairs and insurance relating to that automobile, <I>provided, however</I>, that Executive shall
pay for all fuel charges and be reimbursed for business-related fuel expenses in accordance with the Company&rsquo;s policy regarding
such reimbursements. Executive shall report his business and personal use of the automobile in conformity with policies adopted
by the Company and personal use shall be reflected annually on the IRS Form W-2 of Executive as additional compensation for income
tax purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall receive reimbursement from the Company for membership dues, initiation fees, special assessments, and other business-related
expenses at a club mutually agreeable between Mark J. Oliphant and the Landmark National Bank Board of Directors.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
upon Termination</U>.</B> This Agreement and Executive&rsquo;s employment under this Agreement may be terminated for any of the
reasons described in this <B>Section 4</B>. Executive&rsquo;s right to benefits, if any, for periods after the Termination Date
shall be determined in accordance with this <B>Section&nbsp;4</B>:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Benefits</U>. </B>If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the
Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this <B>Section
4</B> or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant
to this <B>Section 4(a)</B> shall be provided within 30 days after the Termination Date; <I>provided</I>, <I>however</I>, that
any benefits, incentives, or awards payable as described in <B>Section&nbsp;4(g)(i)</B> shall be provided in accordance with the
terms of the applicable plan, program, or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing
in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following
the Termination Date for purposes of any plan, program, or arrangement.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
for Cause, Death, Disability, Voluntary Resignation or Non-Renewal</U>. </B>If the Termination Date occurs during the Employment
Period and is a result of a Termination for any reason other than (i) an Involuntary Termination or (ii) a voluntary Termination
by Executive within 30 days following a Change in Control, then, other than the Minimum Benefits, Executive shall have no right
to benefits under this Agreement (and the Company and its Affiliates shall have no obligation to provide any such benefits) for
periods after the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Involuntary
Termination outside Covered Period</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination other than
during a Covered Period, then, in addition to the Minimum Benefits, the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the first regularly-scheduled payroll date following the 45th day following the Termination Date, Executive shall commence receiving
the Severance Amount (less any amount described in <B>Section&nbsp;4(c)(ii)</B>), with such amount to be paid in one payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent any portion of the Severance Amount exceeds the &ldquo;safe harbor&rdquo; amount described in Treasury Regulation Section
1.409A-1(b)(9)(iii)(A), Executive shall receive such portion of the Severance Amount that exceeds the &ldquo;safe harbor&rdquo;
amount in a single lump sum payment payable on the first regularly-scheduled payroll date following the 45th day following the
Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits described in <B>Section&nbsp;4(e)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control Termination</U>.</B> If Executive&rsquo;s employment is subject to (A) an Involuntary Termination during a Covered Period
or (B) a voluntary Termination by Executive within 29 days following a Change in Control, then, in addition to Minimum Benefits,
the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the 45th day following the Termination Date, the Company shall pay Executive a lump sum payment in an amount equal to the Severance
Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits provided in <B>Section&nbsp;4(e)</B>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Medical
and Dental Benefits</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination, then to the extent that
Executive or any of Executive&rsquo;s dependents may be covered under the terms of any medical or dental plans of the Company (or
an Affiliate) for active employees immediately prior to the Termination Date, then, <I>provided</I> Executive is eligible for and
elects coverage under the health care continuation rules of COBRA, the Company shall provide, at the Company&rsquo;s expense, Executive
and those dependents with coverage equivalent to the coverage in effect immediately prior to the Involuntary Termination for a
period of 12 months following the Termination Date, and thereafter Executive shall be responsible for the full cost of such continued
coverage if the coverage continues beyond such period; <I>provided</I>, <I>however</I>, that such coverage shall be provided only
to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or
violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this <B>Section&nbsp;4(e)</B>
may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective
plans, <I>provided</I> that Executive and Executive&rsquo;s dependents comply with all of the terms of the substitute medical or
dental plans, and <I>provided</I>, <I>further</I>, that the cost to the Company and its Affiliates shall not exceed the cost for
continued COBRA coverage under the Company&rsquo;s (or an Affiliate&rsquo;s) plans, as set forth in the immediately preceding sentence.
In the event Executive or any of Executive&rsquo;s dependents is or becomes eligible for coverage under the terms of any other
medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits,
the Company&rsquo;s and its Affiliates&rsquo; obligations under this <B>Section&nbsp;4(e) </B>shall cease with respect to the eligible
Executive and/or dependent. Executive and Executive&rsquo;s dependents must notify the Company of any subsequent employment and
provide information regarding medical and/or dental coverage available.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Golden
Parachute Payment Adjustment</U>. </B>It is the intention of the Parties that no portion of any payment under this Agreement, or
payments to or for the benefit of Executive under any other agreement or plan, be deemed to be an Excess Parachute Payment. The
present value of payments to or for the benefit of Executive in the nature of compensation, receipt of which is contingent on a
Change in Control, and to which Code Section 280G applies (in the aggregate &ldquo;<B>Total Payments</B>&rdquo;) shall not exceed
an amount equal to $1.00 less than the maximum amount that the Company may pay without loss of deduction under Code Section 280G(a).
Present value for purposes of this <B>Section&nbsp;4(f) </B>shall be calculated in accordance with Code Section 280G(d)(4). Within
90 days following the earlier of the giving of the notice of termination or the giving of notice by the Company to Executive of
its belief that there is a payment or benefit due to Executive that will result in an Excess Parachute Payment, Executive and the
Company, at the Company&rsquo;s expense, shall obtain the opinion of such legal counsel and certified public accountants as Executive
may choose (notwithstanding the fact that such persons have acted or may also be acting as the legal counsel or certified public
accountants for the Company or the Bank), which opinions need not be unqualified, which set forth (i) the amount of the includable
compensation of Executive for the base period, as determined under Code Section 280G, (ii) the present value of Total Payments,
and (iii) the amount and present value of any Excess Parachute Payments. If such opinions determine that there would be an Excess
Parachute Payment, the payment hereunder or any other payment determined by such counsel to be includable in Total Payments shall
be modified, reduced, or eliminated as specified by Executive in writing delivered to the Company within 60 days of Executive&rsquo;s
receipt of such opinions or, if Executive fails to so notify the Company, then as the Company shall reasonably determine, so that
under the bases of calculation set forth in such opinions there will be no Excess Parachute Payment; <I>provided</I>, <I>however</I>,
that any such specification by Executive or the Company shall not be effective where it would result in an imposition of any additional
income tax under Code Section 409A. The provisions of this <B>Section&nbsp;4(f)</B>, including the calculations, notices, and opinions
provided for herein shall be based upon the conclusive presumption that (A) the compensation provided for in this Agreement and
(B) any other compensation earned by Executive pursuant to the Company&rsquo;s or the Bank&rsquo;s programs that would have been
provided in any event are reasonable compensation for services rendered, even though the timing of such payment is triggered by
the Change in Control; <I>provided</I>, <I>however</I>, that if such legal counsel so requests in connection with the opinion required
by this <B>Section&nbsp;4(f)</B>, Executive and the Company shall obtain, at the Company&rsquo;s expense, and the legal counsel
may rely on in providing the opinion, the advice of a firm of recognized executive compensation consultants as to the reasonableness
of any item of compensation to be received by Executive.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Benefits</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
rights following a Termination with respect to any benefits, incentives, or awards provided to Executive pursuant to the terms
of any plan, program, or arrangement sponsored or maintained by the Company or its Affiliates, whether tax-qualified or not, which
are not specifically addressed herein, shall be subject to the terms of such plan, program, or arrangement and this Agreement shall
have no effect upon such terms except as specifically provided herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as specifically provided herein, the Company and its Affiliates shall have no further obligations to Executive under this Agreement
following a Termination.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Removal
from any Boards and Positions</U>.</B> Unless otherwise agreed to in writing by the Parties at the time of Termination, upon a
Termination, Executive shall be deemed to resign (i)&nbsp;if a member, from the Board and the board of directors of any Affiliate
and any other board to which Executive has been appointed or nominated by or on behalf of the Company or an Affiliate, (ii)&nbsp;from
each position with the Company and any Affiliate, including as an officer of the Company or an Affiliate and (iii) as a fiduciary
of any employee benefit plan of the Company and any Affiliate.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Regulatory
Suspension and Termination</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by a notice served under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall be suspended as of the date of service, unless stayed by appropriate proceedings, <I>provided</I> that if the charges in
such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its
and the Affiliates&rsquo; obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and
the Affiliates&rsquo; obligations that were suspended, all in accordance with Code Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is removed or permanently prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by an order issued under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall terminate as of the effective date of the order, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested
rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company is in default as defined in Section 3(x) of the FDIA, all obligations of the Company under this Agreement shall terminate
as of the date of default, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations of the Company under this Agreement shall be terminated, except to the extent determined by the FDIC that continuation
of this Agreement is necessary for the continued operation of the institution, at the time the FDIC enters into an agreement to
provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA, or when the Company
is determined by the FDIC to be in an unsafe or unsound condition, <I>provided</I> that this <B>Section 4(i)</B> shall not affect
any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with
Section 18(k) of the FDIA.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Clawback</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, if any Severance Restrictions require the recapture or &ldquo;clawback&rdquo;
of any amount paid to Executive under this Agreement following the Termination Date, Executive shall repay to the Company the aggregate
amount of any such payments, with such repayment to occur no later than 30 days following Executive&rsquo;s receipt of a written
notice from the Company indicating that payments received by Executive under this Agreement are subject to recapture or clawback
pursuant to the Severance Restrictions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, Executive shall not be entitled to any benefits under <FONT STYLE="text-underline-style: double"><B>Section&nbsp;4(c)</B><FONT STYLE="font-weight: normal">,
</FONT><B>Section&nbsp;4(d)</B><FONT STYLE="font-weight: normal">, or </FONT><B>Section&nbsp;4(e)</B></FONT> (other than the Minimum
Benefits), and shall repay to the Company any such benefits received, unless Executive executes (without subsequent revocation)
and delivers to the Company a Release within 21 days (or such longer period to the extent required by applicable law) following
the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictive
Covenants</U>. </B>Executive acknowledges that Executive has been and will continue to be provided intimate knowledge of the business
practices, trade secrets, and other confidential and proprietary information of the Company (including the Confidential Information),
which, if exploited by Executive, would seriously, adversely, and irreparably affect the interests of the Company and the ability
of the Company to continue its business. Executive further acknowledges that, during the course of Executive&rsquo;s employment
with the Company, Executive may produce and have access to Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Information</U>. </B>During the course of Executive&rsquo;s employment and following a Termination:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other
than the Company, except to the extent that such information is or thereafter becomes lawfully available from public sources, or
such disclosure is authorized in writing by the Company, required by law, or otherwise as reasonably necessary or appropriate in
connection with the performance by Executive of Executive&rsquo;s duties to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive receives a subpoena or other court order or is otherwise required by law to provide information to a governmental authority
or other person concerning the activities of the Company or its Affiliates, or Executive&rsquo;s activities in connection with
the business of the Company or its Affiliates, Executive shall immediately notify the Company of such subpoena, court order, or
other requirement and deliver forthwith to the Company a copy thereof and any attachments and non-privileged correspondence related
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall take reasonable precautions to protect against the inadvertent disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall abide by the Company&rsquo;s policies, as in effect from time to time, respecting avoidance of interests conflicting with
those of the Company and its Affiliates. In this regard, Executive shall not directly or indirectly render services to any person
or entity where Executive&rsquo;s service would involve the use or disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not use any Confidential Information to guide Executive in searching publications or other publicly available information,
selecting a series of items of knowledge from unconnected sources, and fitting them together to claim that Executive did not violate
any terms set forth in this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Documents
and Property</U>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
records, files, documents, and other materials or copies thereof relating to the business of the Company or its Affiliates that
Executive prepares, receives, or uses, shall be and remain the sole property of the Company and, other than in connection with
the performance by Executive of Executive&rsquo;s duties to the Company, shall not be removed from the premises of the Company
or its Affiliates without the Company&rsquo;s prior written consent, and shall be immediately returned to the Company upon a Termination,
together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made
from or about the records, files, documents, or other materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that Executive&rsquo;s access to and permission to use the Company&rsquo;s and its Affiliates&rsquo; computer systems,
networks, and equipment, and all the Company and Affiliate information contained therein, is restricted to legitimate business
purposes on behalf of the Company and reasonable personal use in accordance with the Company&rsquo;s applicable policies and procedures.
Any other access to or use of such systems, networks, equipment, and information is without authorization and is prohibited. The
restrictions contained in this <B>Section&nbsp;6(b)</B> extend to any personal computers or other electronic devices of Executive
that are used for business purposes relating to the Company or its Affiliates. Executive shall not transfer any Company or Affiliate
information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to
the Company or an Affiliate. Upon a Termination, Executive&rsquo;s authorization to access and permission to use the Company&rsquo;s
and its Affiliates&rsquo; computer systems, networks, and equipment, and any Company and Affiliate information contained therein,
shall cease, and Executive shall delete any Company and Affiliate information from Executive&rsquo;s personal computer or other
electronic device.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition
and Non-Solicitation</U>. </B>The primary service area of the Company&rsquo;s business in which Executive will actively participate
extends separately to the Restricted Area. Therefore, as an essential ingredient of and in consideration of this Agreement and
Executive&rsquo;s employment with the Company, Executive shall not, during Executive&rsquo;s employment with the Company or during
the Restricted Period, directly or indirectly do any of the following (all of which are collectively referred to in this Agreement
as the &ldquo;<B>Restrictive Covenant</B>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engage
or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation, or control of, be employed
by, associated with, or in any manner connected with, serve as a director, officer, or consultant to, lend Executive&rsquo;s name
or any similar name to, lend Executive&rsquo;s credit to or render services or advice to, in each case in the capacity (or any
substantially similar capacity) that Executive provided services to the Company, any person, firm, partnership, corporation, other
business entity, or trust that owns, operates, or is in the process of forming a Competitor with an office located, or to be located
at an address identified in a filing with any regulatory authority, within the Restricted Area; <I>provided</I>,<I> however</I>,<I>
</I>that the ownership by Executive of shares of the capital stock of any institution, which shares are listed on a securities
exchange and that do not represent more than 1% of the institution&rsquo;s outstanding capital stock, shall not violate any terms
of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Induce
or attempt to induce any employee of the Company or its Affiliates to leave the employ of the Company or its Affiliates; (B)&nbsp;interfere
with the relationship between the Company or its Affiliates and any employee of the Company or its Affiliates; or (C)&nbsp;induce
or attempt to induce any customer, supplier, licensee, or other business relation of the Company or its Affiliates with whom Executive
had an ongoing business relationship to cease doing business with the Company or its Affiliates or interfere with the relationship
between the Company or its Affiliates and their respective customers, suppliers, licensees, or other business relations with whom
Executive had an ongoing business relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solicit
the business of any person or entity known to Executive to be a customer of the Company or its Affiliates, where Executive, or
any person reporting to Executive, had accessed Confidential Information of, had an ongoing business relationship with, or had
made Substantial Business Efforts with respect to, such person or entity, with respect to products, activities, or services that
compete in whole or in part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Serve
as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any
Competitor within the Restricted Area, with respect to products, activities, or services that Executive devoted time to on behalf
of the Company or any Affiliate (or any substantially similar products, activities, or services) and that compete in whole or in
part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accept
employment with, provide services to, or act in any other such capacity for or with any Competitor, if in such employment or capacity
Executive would inevitably use or disclose the Company&rsquo;s Confidential Information in Executive&rsquo;s work or service for
such Competitor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Works
Made for Hire; Ownership of Company Work Product.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties understand and agree that all work prepared by Executive for the Company or for its Affiliates shall be a Work Made For
Hire as such phrase is defined under the U.S. Copyright laws, 17 U.S.C. &sect; 101 <I>et seq.</I>, and if such work does not qualify
as a Work Made For Hire, Executive shall, and does, assign to the Company all of Executive&rsquo;s right, title, and interest in
and to the work, including all patent, copyright, trademark, and other proprietary rights thereto.&nbsp; Executive waives and releases
all moral rights in any of the works as Executive may possess by virtue of the Visual Artist&rsquo;s Moral Rights Act of 1990 and
various country or state laws of attribution, authorship, and integrity commonly referred to as Moral Rights Law.&nbsp; Executive
shall not assert any claim based upon such moral rights against the Company, the Affiliates, or any of their respective successors
in interest or assigns.&nbsp; Executive shall have no right, title, or interest in any of the work and shall not be entitled to
any royalties or other proceeds received by the Company or its Affiliates from the commercialization in any manner of the work.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
hereby assigns to the Company any right, title, and interest in and to all Company Work Product that Executive may have, by law
or equity, without additional consideration of any kind whatsoever from the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Company Work Product (including obtaining patent, copyright,
trademark, or other intellectual property protection therefore in the United States and foreign countries).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Confidential Information
and Company Work Product, and the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and
otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive
right, title, and interest in and to the Confidential Information and Company Work Product, and shall not contest, challenge or
make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity of the Confidential Information
and Company Work Product, any future application for registration or registration thereof, or any rights of the Company or its
Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo; right,
title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent required by applicable state statute, this <B>Section&nbsp;6(d) </B>shall not apply to an invention for which no equipment,
supplies, facility, or trade secret information of the Company or its Affiliates was used and that was developed entirely on Executive&rsquo;s
own time, unless the invention (i) relates to the business of the Company or an Affiliate or to the Company&rsquo;s or an Affiliate&rsquo;s
actual or demonstrably anticipated research or development or (ii) results from any work performed by Executive for the Company
or an Affiliate.&nbsp;</P>

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


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    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent
and Release</U>. </B>From time to time, the Company&rsquo;s store locations may be the subject of a Promotional Work.&nbsp; Executive
acknowledges that Executive is aware that Executive&rsquo;s name, image, and likeness may be captured in such Promotional Work,
and hereby consents and agrees that the Company may use Executive&rsquo;s name, image, and likeness as captured in the Promotional
Work in any manner, in connection with the Company&rsquo;s products and services, and, at all times, the Company, its Affiliates,
and, without limitation, their respective customers, successors, licensees, and assigns, may continue to use the Promotional Work
that includes Executive&rsquo;s name, image, or likeness.&nbsp; Executive, Executive&rsquo;s heirs, predecessors, successors, assigns,
and all affiliated entities hereby fully and finally release, remise, and forever discharge the Company, its Affiliates, their
respective predecessors, successors, assigns, and all affiliated entities, and each of their respective directors, officers, members,
shareholders, partners, employees, customers, agents, and attorneys, to the extent that such apply, of and from any and all manner
of actions, causes of action, losses, claims, demands, liabilities, obligations, suits, debts, sums of money, accounts, reckonings,
bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, and executions,
in law or in equity, that arise out of or are related to the Company&rsquo;s or its Affiliates&rsquo; use of a Promotional Work
that includes Executive&rsquo;s name, image, or likeness.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Online
Medium</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not create or otherwise establish any Online Medium without the Company&rsquo;s prior written consent.&nbsp; Notwithstanding
the foregoing, if Executive creates an Online Medium without such prior written consent, Executive shall, and hereby does (A) assign
to the Company any right, title, and interest Executive may have in and to the Online Medium and (B) transfer to the Company all
primary administrative rights to the Online Medium, including all codes and passwords.&nbsp; If the Company has approved the content
of any material to be posted or otherwise used online and obtained primary administrative rights to the Online Medium, then the
Company may, at its sole and absolute discretion, provide Executive with subordinate administrative access to, and guidelines for,
Executive&rsquo;s use of such Online Medium in connection with Executive&rsquo;s duties under this Agreement.&nbsp; Executive has
no right, title, or interest to any material or other information on any Online Medium including all &ldquo;fans,&rdquo; &ldquo;followers,&rdquo;
&ldquo;friends,&rdquo; and &ldquo;contacts&rdquo; associated therewith that mentions, uses, or refers in any way to Company Proprietary
and Intellectual Property, Company Work Product, or Confidential Information, which shall remain the sole and exclusive property
of the Company, even if such Online Medium is established by Executive or otherwise held in the name of Executive.&nbsp; Upon a
Termination, the Company will remove Executive&rsquo;s administrative access to the Online Medium.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Online Medium (including obtaining any available intellectual
property or similar protection therefore in the United States and foreign countries).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Online Medium, and
the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and otherwise exploit and dispose
of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive right, title, and interest in
and to the Online Medium, and shall not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo;
ownership of or the validity of the Online Medium, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Company
Proprietary and Intellectual Property</U>.</B> The Company or its Affiliates shall at all times own and have exclusive right, title,
and interest in and to all Company Proprietary and Intellectual Property, and the Company or its Affiliates shall retain the exclusive
right to use, license, sell, transfer, and otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s
or its Affiliates&rsquo; exclusive right, title, and interest in and to Company Proprietary and Intellectual Property, and shall
not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity
of Company Proprietary and Intellectual Property, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.&nbsp; Executive shall not use or otherwise exploit any of Company Proprietary and Intellectual
Property in any manner not authorized by the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies
for Breach of Restrictive Covenant</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel,
and Executive acknowledges that the covenants contained in this <B>Section&nbsp;6</B> are reasonable with respect to their duration,
geographical area, and scope.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that (A) the restrictions contained in this <B>Section&nbsp;6</B> are reasonable and necessary for the protection
of the legitimate business interests of the Company, (B) such restrictions create no undue hardships, (C) any violation of these
restrictions would seriously, adversely, and irreparably injure the Company and such interests, and (D) such restrictions were
a material inducement to the Company to employ Executive and to enter into this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
must, and the Company may, communicate the existence and terms of this Agreement to any third party with whom Executive may seek
or obtain future employment or other similar arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of any violation or threatened violation of the restrictions contained in this <B>Section&nbsp;6</B>, the Company, in
addition to and not in limitation of, any other rights, remedies, or damages available to the Company under this Agreement or otherwise
at law or in equity, shall not be required to provide any amounts or benefits under this Agreement and shall be entitled to preliminary
and permanent injunctive relief to prevent or restrain any such violation by Executive and all persons directly or indirectly acting
for or with Executive, as the case may be, without any requirement that the Company post bond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive violates the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall
not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the Restrictive
Covenant; accordingly, the Restrictive Covenant shall be deemed to have the duration specified herein computed from the date the
relief is granted but reduced by the time between the period when the Restricted Period began to run and the date of the first
violation of the Restrictive Covenant by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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    <!-- Field: /Page -->

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Agreements</U>.</B> In the event of the existence of another agreement between the Parties that (i)&nbsp;is in effect during the
Restricted Period, and (ii)&nbsp;contains restrictive covenants that conflict with any of the provisions of this <B>Section&nbsp;6</B>,
then the more restrictive of such provisions from the two agreements shall control for the period during which both agreements
would otherwise be in effect.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Set-Off; No Mitigation</U>.</B> Except as provided herein, the Company&rsquo;s obligation to provide benefits under this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim,
recoupment, defense, or other right the Company may have against Executive or others. In no event shall Executive be obligated
to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions
of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.</B>
Notices and all other communications under this Agreement shall be in writing and shall be deemed given when mailed by United States
registered or certified mail, return receipt requested, postage prepaid, addressed as follows: if to the Company, to the principal
headquarters of the Company, attention: Vice President Human Resources, with a copy to the Chairman of the Board of Directors;
and if to Executive, to Executive&rsquo;s most recent address in the Company&rsquo;s records; or, in each respective case, to such
other address as either Party may furnish to the other in writing, except that notices of changes of address shall be effective
only upon receipt.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>.</B> This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice
of Venue and Consent to Jurisdiction</U>.</B> Each Party hereby irrevocably submits to the exclusive jurisdiction of the courts
located in the City of Manhattan, Kansas, if such courts have or can acquire jurisdiction, and if such jurisdiction does not exist
and cannot be acquired, to the exclusive jurisdiction of the United States District Court serving the City of Manhattan, Kansas,
for the purpose of any suit, action, or other proceeding arising out of or based on this Agreement or any other agreement contemplated
hereby or any subject matter hereof, whether in tort, contract, or otherwise.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service
of Process</U>.</B> Each Party may be served with process in any manner permitted under State of Kansas law, or by United States
registered or certified mail, return receipt requested.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement</U>. </B>This Agreement constitutes the entire agreement between the Parties concerning the subject matter hereof, and
supersedes all prior negotiations, undertakings, agreements, and arrangements with respect thereto, whether written or oral, including
the Prior Employment Agreement.</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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding
of Taxes</U>.</B> The Company may withhold from any benefits payable under this Agreement all federal, state, city and other taxes
as may be required pursuant to any law, governmental regulation, or ruling.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Assignment</U>.</B> Executive&rsquo;s right to receive benefits under this Agreement shall not be assignable or transferable whether
by pledge, creation of a security interest, or otherwise, other than a transfer by will or by the laws of descent or distribution.
In the event of any attempted assignment or transfer contrary to this <B>Section&nbsp;14</B>, the Company and its Affiliates shall
have no liability to pay any amount so attempted to be assigned or transferred. This Agreement shall inure to the benefit of and
be enforceable by Executive&rsquo;s personal and legal representatives, executors, administrators, successors, heirs, distributees,
devisees, and legatees.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors, and assigns.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Legal
Fees</U>.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or
protect such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be
entitled to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other
costs relating to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.</B>
This Agreement may not be amended or modified except by written agreement signed by the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code
Section 409A</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>To
the extent any provision of this Agreement or action by the Company would subject Executive to liability for interest or additional
taxes under Code Section 409A, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Company.
It is intended that this Agreement will comply with Code Section 409A, and this Agreement shall be administered accordingly and
interpreted and construed on a basis consistent with such intent. Notwithstanding any provision of this Agreement to the contrary,
no termination or similar payments or benefits shall be payable hereunder on account of a Termination unless such Termination constitutes
a &ldquo;separation from service&rdquo; within the meaning of Code Section 409A. For purposes of Code Section 409A, all installment
payments of deferred compensation made hereunder, or pursuant to another plan or arrangement, shall be deemed to be separate payments.
To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Code Section 409A, such reimbursements
and in-kind benefit payments shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv). This Agreement may
be amended to the extent necessary (including retroactively) by the Company to avoid the application of taxes or interest under
Code Section 409A, while maintaining to the maximum extent practicable the original intent of this Agreement. This <B>Section&nbsp;18</B>
shall not be construed as a guarantee of any particular tax effect for Executive&rsquo;s benefits under this Agreement and the
Company does not guarantee that any such benefits will satisfy the provisions of Code Section&nbsp;409A or any other provision
of the Code.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
any provision of this Agreement to the contrary, if Executive is determined to be a Specified Employee as of the Termination Date,
then, to the extent required pursuant to Code Section 409A, payments due under this Agreement that are deemed to be deferred compensation
shall be subject to a six-month delay following the Termination Date; and all delayed payments shall be accumulated and paid in
a lump-sum payment as of the first day of the seventh month following the Termination Date (or, if earlier, as of Executive&rsquo;s
death), with all such delayed payments being credited with interest (compounded monthly) for this period of delay equal to the
prime rate in effect on the first day of such six-month period. Any portion of the benefits hereunder that were not otherwise due
to be paid during the six-month period following the Termination Date shall be paid to Executive in accordance with the payment
schedule established herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Scope
of Company and Affiliate Obligations</U>. </B>Although the Company and its Affiliates may have jointly obligated themselves to
Executive under certain provisions of this Agreement, in no event shall Executive be entitled to more than what is explicitly provided
for hereunder, such that no duplicative payments shall be provided under this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction</U>.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>In
this Agreement, unless otherwise stated, the following uses apply: (i)&nbsp;references to a statute refer to the statute and any
amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or its
successors, as in effect at the relevant time; (ii)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including,&rdquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (iii)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (iv)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (v)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (vi)&nbsp;all references to preambles, recitals,
sections, and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (vii)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (viii)&nbsp;any reference to a document or set of documents, and the rights and obligations of
the parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (ix)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (x)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (xi)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>If
a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity
or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement
and all other provisions shall remain in full force and effect.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
various covenants and provisions of this Agreement are intended to be severable and to constitute independent and distinct binding
obligations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Without
limiting the generality of the foregoing, if the scope of any covenant contained in this Agreement is too broad to permit enforcement
to its full extent, such covenant shall be enforced to the maximum extent permitted by law, and such scope may be judicially modified
accordingly.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.</B>
As used in this Agreement, the terms defined in this <B>Section 21 </B>have the meanings set forth below.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>1934
Act</B>&rdquo; means the Securities Exchange Act of 1934.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Affiliate</B>&rdquo;
means each Business Entity that, directly or indirectly, is controlled by, controls, or is under common control with, the Company,
where &ldquo;control&rdquo; means (i) the ownership of more than 50% of the Voting Securities or other voting or equity interests
of any Business Entity, or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Business Entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Agreement</B>&rdquo;
means this employment agreement, made and entered into as of the Effective Date, by and between the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Annual
Base Salary</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(a)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Average
Incentive Bonus</B>&rdquo; means the average of Incentive Bonuses determined for the immediately preceding three completed fiscal
years of the Company; <I>provided, however</I>, that if an Incentive Bonus has not yet been determined for a previously completed
fiscal year as of the Termination Date, then Target Bonus shall be used with respect to such fiscal year for purposes of calculating
the Average Incentive Bonus. For purposes of calculating the Average Incentive Bonus, fiscal years for which no bonus was determined
to have been earned shall be included in the calculation of the three-year average.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank</B>&rdquo;
means Landmark National Bank, a national chartered bank with its main office located in Manhattan, Kansas.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank
Board</B>&rdquo; means the Board of Directors of the Bank.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Base
Compensation</B>&rdquo; means the amount equal to the sum of (i)&nbsp;the greater of Executive&rsquo;s then-current Annual Base
Salary or Executive&rsquo;s Annual Base Salary as of the date one day prior to the Change in Control, (ii)&nbsp;the Average Incentive
Bonus, and (iii)&nbsp;the contributions made or credited by the Company under all employee retirement plans for the benefit of
Executive (other than elective deferrals by Executive) for the most recently completed fiscal year of the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Board</B>&rdquo;
means the Board of Directors of the Company.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Business
Entity</B>&rdquo; means any corporation, partnership, limited liability company, joint venture, association, partnership, business
trust or other business entity.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Change
in Control</B>&rdquo; means the first to occur of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation of the acquisition by any &ldquo;person&rdquo; (as such term is defined in Section 13(d) or 14(d) of the 1934 Act)
of &ldquo;beneficial ownership&rdquo; (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of more than 50% of the
combined voting power of the then outstanding Voting Securities of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
any 12-month period, the individuals who, as of the Effective Date, are members of the Board cease for any reason to constitute
a majority of the Board, unless the election, or nomination for election by the Company&rsquo;s shareholders, of any new director
was approved by a vote of a majority of the Board, in which case such new director shall, for purposes of this Agreement, be considered
as a member of the Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation by the Company of: (A) a merger or consolidation if the Company&rsquo;s shareholders immediately before such merger
or consolidation do not, as a result of such merger or consolidation, own, directly or indirectly, more than 50% of the combined
voting power of the then outstanding Voting Securities of the entity resulting from such merger or consolidation in substantially
the same proportion as their ownership of the combined voting power of the Voting Securities of the Company outstanding immediately
before such merger or consolidation; or (B) a complete liquidation or dissolution of, or an agreement for the sale or other disposition
of all or substantially all of the assets of, the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Notwithstanding any provision
of this definition to the contrary, a Change in Control shall not be deemed to have occurred solely because more than 50% of the
combined voting power of the then outstanding securities of the Company are acquired by (A) a trustee or other fiduciary holding
securities under one or more employee benefit plans maintained by the Company or an Affiliate or (B) any corporation that, immediately
prior to such acquisition, is owned directly or indirectly by the Company&rsquo;s shareholders in the same proportion as their
ownership of stock immediately prior to such acquisition.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Further notwithstanding
any provision of this definition to the contrary, in the event that any amount or benefit under this Agreement constitutes deferred
compensation under Code Section 409A and the settlement of or distribution of such amount or benefit is to be triggered by a Change
in Control, then such settlement or distribution shall be subject to the event constituting the Change in Control also constituting
a &ldquo;change in control event&rdquo; under Code Section 409A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>COBRA</B>&rdquo;
means the Consolidated Omnibus Budget Reconciliation Act of 1985.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Code</B>&rdquo;
means the Internal Revenue Code of 1986.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company</B>&rdquo;
means Landmark Bancorp, Inc., a Delaware corporation.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Proprietary and Intellectual Property</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases,
plans, lists, inventions, discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created,
compiled, or otherwise developed by the Company or its Affiliates and/or comprised, in whole or part, of Confidential Information,
together with all patent rights, copyrights, trademarks, service marks, trade name rights and other source identifiers, trade secrets,
and other intellectual property and property rights therein, if any.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Work Product</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases, plans, lists, inventions,
discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created, compiled, or otherwise
developed by Executive in the course of Executive&rsquo;s employment with the Company or its Affiliates and/or comprised, in whole
or part, of Confidential Information, together with all patent rights, copyrights, trademarks, service marks, trade name rights,
trade secrets, and other intellectual property and propriety rights therein, if any. Notwithstanding the foregoing sentence, to
the extent required by applicable state statute, Company Work Product shall not include (i) any inventions independently developed
by Executive and not derived, in whole or part, from any Confidential Information or (ii) any invention made by Executive prior
to Executive&rsquo;s exposure to any Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Competitor</B>&rdquo;
means a bank, savings bank, savings and loan association, credit union, or similar financial institution.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Confidential
Information</B>&rdquo; means confidential or proprietary non-public information concerning the Company or its Affiliates, including
research, development, designs, formulae, processes, specifications, technologies, marketing materials, financial and other information
concerning customers and prospective customers, customer lists, records, data, computer programs, source codes, object codes, database
structures, trade secrets, proprietary business information, pricing and profitability information, policies, strategic planning,
commitments, plans, procedures, litigation, pending litigation, and other information not generally available to the public.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Covered
Period</B>&rdquo; means the period beginning six months prior to a Change in Control and ending on the date that is 24 months after
the Change in Control.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Disability</B>&rdquo;
means that (i)&nbsp;Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, or (ii)&nbsp;Executive is, by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than three months under an accident or health plan covering employees of the Company. In the
event of a dispute regarding whether Executive has incurred a Disability, each of Executive and the Company shall choose a physician
who together shall choose a third physician to make a final determination regarding whether Executive has incurred a Disability.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Effective
Date</B>&rdquo; means November 1, 2013.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Employment
Period</B>&rdquo; has the meaning set forth in <B>Section&nbsp;1</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Excess
Parachute Payment</B>&rdquo; has the meaning set forth in Code Section&nbsp;280G.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Executive</B>&rdquo;
means Mark J. Oliphant.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIA</B>&rdquo;
means the Federal Deposit Insurance Act.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIC</B>&rdquo;
means the Federal Deposit Insurance Corporation.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Good
Reason</B>&rdquo; means the occurrence of any one of the following events, unless Executive agrees in writing that such event shall
not constitute Good Reason:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material and adverse change in the nature, scope, or status of Executive&rsquo;s position, authorities, or duties from those in
effect in accordance with <B>Section&nbsp;2</B>; <I>provided</I>, <I>however</I>, that a change in title as a result of a merger
or reorganization of the Company or the Bank, where Executive maintains a similar level of responsibility or oversight (including,
where applicable, duties with respect to a public company officer or director), shall not constitute Good Reason or a breach of
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material reduction in Executive&rsquo;s then-current Annual Base Salary, or a material reduction in Executive&rsquo;s aggregate
benefits or other compensation plans in effect immediately following the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
relocation of Executive&rsquo;s primary place of employment of more than 25 miles, which relocation also causes Executive&rsquo;s
primary place of employment to be located further from Executive&rsquo;s primary residence;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Removal
of Executive from, or failure to elect Executive to, the Board or the Bank Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by the Company of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Notwithstanding
any provision of this Good Reason definition to the contrary, (A) prior to a Termination for Good Reason, Executive must give the
Company written notice of the existence of any condition set forth in a clause immediately above within 90 days of its initial
existence and the Company shall have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason,
if curable, and if, during such 30-day period, the Company cures the condition giving rise to Good Reason, such condition shall
not constitute Good Reason and (B)&nbsp;any Termination for Good Reason must occur within six months of the initial existence of
the condition constituting Good Reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Incentive
Bonus</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(b)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Involuntary
Termination</B>&rdquo; means a Termination during the Employment Period either:</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
the Company, other than (A) a Termination for Cause, (B) a termination as a result of Executive&rsquo;s death or Disability, or
(C) a termination due to the expiration of this Agreement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
Executive for Good Reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Minimum
Benefits</B>&rdquo; means, as applicable, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Annual Base Salary for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; <I>provided</I>, <I>however</I>,
that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
accrued but unpaid vacation pay for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
unreimbursed business expenses through and including the Termination Date, <I>provided</I> that all required submissions for expense
reimbursement are made in accordance with the Company&rsquo;s expense reimbursement policy and within 15 days following the Termination
Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
benefits, incentives, and awards described in <B>Section&nbsp;4(g)(i)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Online
Medium</B>&rdquo; means any website, domain, social network account or identity, blog, feed, email address, email distribution
list, or other Internet account or presence (including Instagram, Tumblr, Facebook, Twitter, and Flicker) that incorporates, exploits,
utilizes, displays, or otherwise makes use of any of the Company Proprietary and Intellectual Property, Company Work Product, or
Confidential Information.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&nbsp;&ldquo;<B>Parties</B>&rdquo;
means the Company, the Bank, and Executive.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Prior
Employment Agreement</B>&rdquo; has the meaning set forth in the Recitals.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(hh)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Promotional
Work</B>&rdquo; means, without limitation, photographs, films, clips, sketches, segments, and other media and promotional works.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&nbsp;&ldquo;<B>Release</B>&rdquo;
means a general release and waiver substantially in the form attached hereto as Exhibit A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(jj)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&nbsp;&ldquo;<B>Restricted
Area</B>&rdquo; means the area that encompasses a 35-mile radius from each banking or other office location of the Company and
its Affiliates.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(kk)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Period</B>&rdquo; means a period of 18 months immediately following a Termination, whether such Termination occurs during the Employment
Period or thereafter.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ll)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restrictive
Covenant</B>&rdquo; has the meaning set forth in <B>Section&nbsp;6(c)</B>.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(mm)&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Amount</B>&rdquo; means</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during the Employment Period and not during a Covered Period, an amount equal to 100% of Executive&rsquo;s
Base Compensation as of the respective Termination; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during a Covered Period, an amount equal to 200% of Executive&rsquo;s Base Compensation as of the respective
Termination. <B> </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(nn)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Restrictions</B>&rdquo; means any applicable statute, law, regulation, or regulatory interpretation or other guidance, including
FIL-66-2010 and any related or successor FDIC guidance, that would require the Company or any Affiliate to seek or demand repayment
or return of any payments made to Executive for any reason, including the Company, an Affiliate or their successors later obtaining
information indicating that Executive has committed, is substantially responsible for, or has violated, the respective acts or
omissions, conditions, or offenses outlined under 12 C.F.R. 359.4(a)(4).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(oo)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Specified
Employee</B>&rdquo; means any person who is a &ldquo;key employee&rdquo; (as defined in Code Section 416(i) without regard to paragraph
(5) thereof), as determined by the Company based upon the 12-month period ending on each December 31st (such 12-month period is
referred to below as the &ldquo;identification period&rdquo;). If Executive is determined to be a key employee, Executive shall
be treated as a Specified Employee for purposes of this Agreement during the 12-month period that begins on the April 1 following
the close of the identification period. For purposes of determining whether Executive is a key employee, &ldquo;compensation&rdquo;
means Executive&rsquo;s W-2 compensation as reported by the Company for a particular calendar year.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(pp)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Substantial
Business Efforts</B>&rdquo; means marketing, promotional, purchasing, sales, or solicitation activities undertaken on behalf of
the Company or an Affiliate, which include (i)&nbsp;in person and voice communications and (ii)&nbsp;either or both of (A)&nbsp;delivery
of a quote, bid, proposal, or request for any of the foregoing or (B)&nbsp;visits to the site of the actual or potential business
development and other similar meetings or visits (conducted alone or with other employees of the Company or an Affiliate), where
such activities would enjoy a reasonable prospect of success in the absence of any breach of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(qq)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Target
Bonus</B>&rdquo; means Executive&rsquo;s target Incentive Bonus for the applicable fiscal year, if one is used, and if not, the
Target Bonus shall be determined based upon the mid-point between the maximum Incentive Bonus and the threshold Incentive Bonus
for the applicable fiscal year, with the threshold bonus based upon the first level of performance for which some amount of Incentive
Bonus would be payable.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(rr)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination</B>&rdquo;
means termination of Executive&rsquo;s employment with the Company and all Affiliates for any reason or no reason.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ss)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
Date</B>&rdquo; means the date of Termination.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(tt)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
for Cause</B>&rdquo; means a termination of Executive&rsquo;s employment by the Company as a result of any of the following (in
each case as determined by the Board):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
willful and continuing failure to perform Executive&rsquo;s obligations hereunder, which failure is not remedied within 10 business
days after receipt of written notice of such failure from the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
conviction of, or plea of <I>nolo contendere</I> to, a crime of embezzlement or fraud or any felony under the laws of the United
States or any state thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
breach of fiduciary responsibility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act of dishonesty by Executive that is materially injurious to the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
engagement in one or more unsafe or unsound banking practices that have a material adverse effect on the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
removal or permanent suspension from banking pursuant to Section 8(e) of the FDIA or any other applicable state or federal law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act or omission by Executive that leads to a material harm (financial or reputational) to the Company or an Affiliate; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of Company policies as may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, a
Termination for Cause shall be deemed to have occurred if, within 12 months following the Termination, facts and circumstances
arising during the course of such employment are discovered that would have warranted a Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, with
respect to subsections (i), (vii), (viii), and (ix), Executive shall be entitled to at least 30 days&rsquo; prior written notice
of the Company&rsquo;s intention to terminate Executive&rsquo;s employment in a Termination for Cause, which notice shall specify
the grounds for the Termination for Cause; and Executive shall be provided a reasonable opportunity to cure any conduct or act,
if curable, alleged as grounds for the Termination for Cause, and a reasonable opportunity to present to the Board Executive&rsquo;s
position regarding any dispute relating to the existence of any grounds for Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, all
rights Executive has or may have under this Agreement shall be suspended automatically during (A) the pendency of any investigation
by the Board or its designee, or (B) any negotiations between the Board or its designee and Executive regarding any actual or alleged
act or omission by Executive of the type that would warrant a Termination for Cause and any such suspension shall not give rise
to a claim of Good Reason by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</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: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(uu)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Total
Payments</B>&rdquo; has the meaning set forth in <B>Section&nbsp;4(f)</B>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(vv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Voting
Securities</B>&rdquo; means any securities that ordinarily possess the power to vote in the election of directors without the happening
of any precondition or contingency.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival</U>.</B>
The provisions of <B>Section&nbsp;6</B> shall survive the termination of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>[Signature page follows.]</I></P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
each of the Company and the Bank has caused this Agreement to be executed in its name and on its behalf, and Executive acknowledges
understanding and acceptance of, and agrees to, the terms of this Agreement, all as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></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="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK NATIONAL BANK</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">Mark J. Oliphant</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Mark J. Oliphant</TD></TR>
</TABLE>
<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"><B>&nbsp;</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B><U>Agreement
and Release and Waiver</U></B></FONT></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">This <FONT STYLE="font-variant: small-caps"><B>Agreement
and Release</B></FONT> (&ldquo;<B>Agreement</B>&rdquo;) is made and entered into by and between <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT> (the &ldquo;<B>Company</B>&rdquo;) and <FONT STYLE="background-color: yellow">[_______________]</FONT>
(&ldquo;<B>Executive</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company desire to settle fully and amicably all issues between them, including any issues arising out of Executive&rsquo;s
employment with the Company and the termination of that employment; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company are parties to that certain Employment Agreement, made and entered into as of <FONT STYLE="background-color: yellow">[_______________]</FONT>,
as amended (the &ldquo;<B>Employment Agreement</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Now,
therefore</B></FONT>, for and in consideration of the mutual promises contained herein, and for other good and sufficient consideration,
receipt of which is hereby acknowledged, Executive and the Company (collectively, the &ldquo;<B>Parties</B>&rdquo; and, individually,
each a &ldquo;<B>Party</B>&rdquo;), intending to be legally bound, hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Employment.</B> Executive&rsquo;s employment with the Company shall terminate effective as of the close of business on <FONT STYLE="background-color: yellow">[_______________]</FONT>
(the &ldquo;<B>Termination Date</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation
and Benefits.</B> Subject to the terms of this Agreement, the Company shall compensate Executive under this Agreement as follows
(collectively, the &ldquo;<B>Severance Payments</B>&rdquo;):</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance
Amount</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accrued
Salary and Vacation</U>. Executive shall be entitled to a lump sum payment in an amount equal to Executive&rsquo;s earned but unpaid
annual base salary and vacation pay for the period ending on the Termination Date, with such payment to be made on the first payroll
date following the Termination Date.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>COBRA
Benefits</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Executive
Acknowledgement</U>. Executive acknowledges that, subject to fulfillment of all obligations provided for herein, Executive has
been fully compensated by the Company, including under all applicable laws, and that nothing further is owed to Executive with
respect to wages, bonuses, severance, other compensation, or benefits. Executive further acknowledges that the Severance Payments
(other than (b) above) are consideration for Executive&rsquo;s promises contained in this Agreement, and that the Severance Payments
are above and beyond any wages, bonuses, severance, other compensation, or benefits to which Executive is entitled from the Company
under the terms of Executive&rsquo;s employment or under any other contract or law that Executive would be entitled to absent execution
of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
The Severance Payments shall be treated as wages and subject to all taxes and other payroll deductions required by law.</P>

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


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Benefits.</B> Except as provided in <B>Section 2</B> above or as may be required by law, Executive&rsquo;s participation in
all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing
contained herein shall limit or otherwise impair Executive&rsquo;s right to receive pension or similar benefit payments that are
vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable
plan.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release
of Claims and Waiver of Rights.</B> Executive, on Executive&rsquo;s own behalf and that of Executive&rsquo;s heirs, executors,
attorneys, administrators, successors, and assigns, fully releases and discharges the Company, its predecessors, successors, parents,
subsidiaries, affiliates, and assigns, and its and their directors, officers, trustees, employees, and agents, both in their individual
and official capacities, and the current and former trustees and administrators of each retirement and other benefit plan applicable
to the employees and former employees of the Company, both in their official and individual capacities (the &ldquo;<B>Releasees</B>&rdquo;)
from all liability, claims, demands, and actions Executive now has, may have had, or may ever have, whether currently known or
unknown, as of or prior to Executive&rsquo;s execution of this Agreement (the &ldquo;<B>Release</B>&rdquo;), including liability
claims, demands, and actions:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arising
from or relating to Executive&rsquo;s employment or other association with the Company, or the termination of such employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to wages, bonuses, other compensation, or benefits,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment or change in control contract,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment law, including</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
United States and State of Kansas Constitutions,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1964,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1991,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Equal Pay Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee Retirement Income Security Act of 1974,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Age Discrimination in Employment Act (the &ldquo;<B>ADEA</B>&rdquo;),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Americans with Disabilities Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Order 11246, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
other federal, state, or local statute, ordinance, or regulation relating to employment,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any right of payment for disability,</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any statutory or contractual right of payment, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
relief on the basis of any alleged tort or breach of contract under the common law of the State of Kansas or any other state, including
defamation, intentional or negligent infliction of emotional distress, breach of the covenant of good faith and fair dealing, promissory
estoppel, and negligence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Executive acknowledges
that Executive is aware that statutes exist that render null and void releases and discharges of any claims, rights, demands, liabilities,
actions, and causes of action that are unknown to the releasing or discharging party at the time of execution of the release and
discharge. Executive waives, surrenders, and shall forego any protection to which Executive would otherwise be entitled by virtue
of the existence of any such statutes in any jurisdiction, including the State of Kansas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exclusions
from General Release.</B> Excluded from the Release are any claims or rights that cannot be waived by law, as well as Executive&rsquo;s
right to file a charge with an administrative agency or participate in any agency investigation. Executive is, however, waiving
the right to recover any money in connection with a charge or investigation. Executive is also waiving the right to recover any
money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other
federal or state agency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenant
Not to Sue.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;covenant not to sue&rdquo; is a legal term that means Executive promises not to file a lawsuit in court. It is different
from the release of claims and waiver of rights contained in <B>Section 4</B> above. Besides waiving and releasing the claims covered
by <B>Section 4</B> above, Executive shall never sue the Releasees in any forum for any reason covered by the Release. Notwithstanding
this covenant not to sue, Executive may bring a claim against the Company to enforce this Agreement, to challenge the validity
of this Agreement under the ADEA or for any claim that arises after execution of this Agreement. If Executive sues any of the Releasees
in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys&rsquo; fees and costs (including
the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive&rsquo;s suit. In
addition, if Executive sues any of the Releasees in violation of this Agreement, the Company can require Executive to return all
but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in
this Agreement. In that event, the Company shall have no obligation to make any further Severance Payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and
execute all necessary documents to withdraw or dismiss such lawsuit to the extent Executive&rsquo;s agreement to withdraw, dismiss,
or not file a lawsuit would not be a violation of any applicable law or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representations
by Executive.</B> Executive warrants that Executive is legally competent to execute this Agreement and that Executive has not relied
on any statements or explanations made by the Company or its attorneys. <B>Executive acknowledges that Executive has been afforded
the opportunity to be advised by legal counsel regarding the terms of this Agreement, including the Release. Executive acknowledges
that Executive has been offered at least 21 days to consider this Agreement. After being so advised, and without coercion of any
kind, Executive freely, knowingly, and voluntarily enters into this Agreement. Executive acknowledges that Executive may revoke
this Agreement within seven days after Executive has signed this Agreement and acknowledges understanding that this Agreement shall
not become effective or enforceable until seven days after Executive has signed this Agreement (the &ldquo;Effective Date&rdquo;),
as evidenced by the date set forth below Executive&rsquo;s signature on the signature page hereto.</B> Any revocation must be in
writing and directed to <FONT STYLE="background-color: yellow">[_______________]</FONT>. If sent by mail, any revocation must be
postmarked within the seven-day period described above and sent by certified mail, return receipt requested.</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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictive
Covenants.</B> Section 6 of the Employment Agreement (entitled &ldquo;Restrictive Covenants&rdquo;), shall continue in full force
and effect as if fully restated herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Disparagement.</B>
Executive shall not engage in any disparagement or vilification of the Releasees, and shall refrain from making any false, negative,
critical, or disparaging statements, implied or expressed, concerning the Releasees, including regarding management style, methods
of doing business, the quality of products and services, role in the community, or treatment of employees. Executive shall do nothing
that would damage the Company&rsquo;s business reputation or goodwill.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company
Property.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall return to the Company all information, property, and supplies belonging to the Company or any of its affiliates, including
any confidential or proprietary information, Company autos, keys (for equipment or facilities), laptop computers and related equipment,
cellular phones, smart phones or PDAs (including SIM cards), security cards, corporate credit cards, and the originals and all
copies of all files, materials, and documents (whether in tangible or electronic form) containing confidential or proprietary information
or relating to the business of the Company or any of its affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not, at any time on or after the Termination Date, directly or indirectly use, access, or in any way alter or modify any
of the databases, e-mail systems, software, computer systems, or hardware or other electronic, computerized, or technological systems
of the Company or any of its affiliates. Executive acknowledges that any such conduct by Executive would be illegal and would subject
Executive to legal action by the Company, including claims for damages and/or appropriate injunctive relief.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Admissions.</B> The Company denies that the Company or any of its affiliates, or any of their employees or agents, has taken any
improper action against Executive, and this Agreement shall not be admissible in any proceeding as evidence of improper action
by the Company or any of its affiliates or any of their employees or agents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Confidentiality
of Agreement.</B> Executive shall keep the existence and the terms of this Agreement confidential, except for Executive&rsquo;s
immediate family members and Executive&rsquo;s legal and tax advisors in connection with services related hereto and except as
may be required by law or in connection with the preparation of tax returns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Waiver.</B>
The Company&rsquo;s waiver of a breach of this Agreement by Executive shall not be construed or operate as a waiver of any subsequent
breach by Executive of the same or of any other provision of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing
Law. </B>This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal
Fees.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or protect
such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be entitled
to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other costs relating
to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entire
Agreement.</B> This Agreement sets forth the entire agreement of the Parties regarding the subject matter hereof, and shall be
final and binding as to all claims that have been or could have been advanced on behalf of Executive pursuant to any claim arising
out of or related in any way to Executive&rsquo;s employment with the Company and the termination of that employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterparts.</B>
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Successors.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enforcement.</B>
The provisions of this Agreement shall be regarded as divisible and separable and if any provision should be declared invalid or
unenforceable by a court of competent jurisdiction, the validity and enforceability of the remaining provisions shall not be affected
thereby. If the scope of any restriction or requirement contained in this Agreement is too broad to permit enforcement of such
restriction or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum extent permitted
by law, and Executive hereby consents that any court of competent jurisdiction may so modify such scope in any proceeding brought
to enforce such restriction or requirement. In addition, Executive stipulates that breach by Executive of restrictions and requirements
under this Agreement will cause irreparable damage to the Releasees in the case of Executive&rsquo;s breach and that the Company
would not have entered into this Agreement without Executive binding Executive to these restrictions and requirements. In the event
of Executive&rsquo;s breach of this Agreement, in addition to any other remedies the Company may have, and without bond and without
prejudice to any other rights and remedies that the Company may have for Executive&rsquo;s breach of this Agreement, the Company
shall be relieved of any obligation to provide Severance Payments and shall be entitled to an injunction to prevent or restrain
any such violation by Executive and all persons directly or indirectly acting for or with Executive. Executive stipulates that
the restrictive period for which the Company is entitled to an injunction shall be extended in for a period that equals the time
period during which Executive is or has been in violation of the restrictions contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction.</B>
In this Agreement, unless otherwise stated, the following uses apply: (a)&nbsp;references to a statute refer to the statute and
any amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or
its successors, as in effect at the relevant time; (b)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including, &ldquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (c)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (d)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (e)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (f)&nbsp;all references to preambles, recitals, sections,
and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (g)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (h)&nbsp;any reference to a document or set of documents, and the rights and obligations of the
parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (i)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (j)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (k)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
Cooperation.</B> In connection with any and all claims, disputes, negotiations, governmental, internal or other investigations,
lawsuits, or administrative proceedings (the &ldquo;<B>Legal Matters</B>&rdquo;) involving the Company or any affiliate, or any
of their current or former officers, employees or board members (collectively, the &ldquo;<B>Disputing Parties</B>&rdquo; and,
individually, each a &ldquo;<B>Disputing Party</B>&rdquo;), Executive shall make himself reasonably available, upon reasonable
notice from the Company and without the necessity of subpoena, to provide information and documents, provide declarations and statements
regarding a Disputing Party, meet with attorneys and other representatives of a Disputing Party, prepare for and give depositions
and testimony, and otherwise cooperate in the investigation, defense, and prosecution of any and all such Legal Matters, as may,
in the good faith and judgment of the Company, be reasonably requested. The Company shall consult with Executive and make reasonable
efforts to schedule such assistance so as not to materially disrupt Executive&rsquo;s business and personal affairs. The Company
shall reimburse all reasonable expenses incurred by Executive in connection with such assistance, including travel, meals, rental
car, and hotel expenses, if any; <I>provided</I> such expenses are approved in advance by the Company and are documented in a manner
consistent with expense reporting policies of the Company as may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>In
witness whereof</B></FONT><B>,</B> the Parties have duly executed this Agreement as of the dates set forth below their respective
signatures below.</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Title:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>EXECUTIVE</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Print Name:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Date:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>v363534_ex10-6.htm
<DESCRIPTION>EXHIBIT 10.6
<TEXT>
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<P STYLE="margin: 0"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Employment
Agreement</B></FONT></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">This<FONT STYLE="font-variant: small-caps"><B>
Employment Agreement </B></FONT>is made and entered into effective November 1, 2013,<B> </B>by and among <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT>, a Delaware corporation, <FONT STYLE="font-variant: small-caps"><B>Landmark National Bank</B></FONT>,
a Kansas chartered bank with its main office located in Manhattan, Kansas, and Bradly L. Chindamo. As used in this Agreement, capitalized
terms have the meanings set forth in <B>Section 21</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Recitals</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Bank is a wholly-owned subsidiary of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
is currently employed as East Region President/Credit Risk Manager of the Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company and the Bank desire to continue to employ Executive pursuant to the terms of this Agreement and Executive desires to continue
to be employed by the Company and the Bank pursuant to such terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties have made commitments to each other on a variety of important issues concerning Executive&rsquo;s employment, including
the performance that will be expected of Executive, the compensation Executive will be paid, how long and under what circumstances
Executive will remain employed, and the financial details relating to any decision that either the Company or Executive may make
to terminate this Agreement and Executive&rsquo;s employment with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Parties desire to enter into this Agreement as of the Effective Date and to have this Agreement supersede all prior employment
agreements between the Parties, and to have any such prior employment agreements become null and void as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Agreement</B></FONT></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">In consideration of
the foregoing and the mutual promises and covenants of the Parties set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
expressly covenant and agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Period</U>.</B> The Company shall continue to employ Executive during the Employment Period and Executive shall remain in the employ
of the Company and provide services to the Company during the Employment Period in accordance with the terms of this Agreement.
The &ldquo;<B>Employment Period</B>&rdquo; shall be the period beginning on the Effective Date and ending on the one year anniversary
of the Effective Date, unless sooner terminated as provided herein, <I>provided</I> that the Employment Period shall be extended
automatically for one additional year beginning on the one year anniversary of the Effective Date and on each anniversary thereafter
unless either Party notifies the other Party, by written notice delivered no later than 90 days prior to such anniversary, that
the Employment Period shall not be extended. Notwithstanding any provision of this Agreement to the contrary, if a Change in Control
occurs during the Employment Period, this Agreement shall remain in effect for the two-year period immediately following the Change
in Control and shall then terminate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>During
the Employment Period, Executive shall devote Executive&rsquo;s full business time, energy, and talent to serving as East Region
President/Credit Risk Manager of the Bank, subject to the direction of the President.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall have the duties that are commensurate with Executive&rsquo;s positions and any other duties that may be assigned to Executive
by the President, and Executive shall perform all such duties faithfully and efficiently. Executive shall have such powers as are
inherent to the undertakings applicable to Executive&rsquo;s positions and necessary to carry out the duties required of Executive
hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
the foregoing provisions of this <B>Section&nbsp;2</B>, during the Employment Period, Executive may devote reasonable time to activities
other than those required under this Agreement, including activities of a charitable, educational, religious, or similar nature
to the extent such activities do not, in the judgment of the President, inhibit, prohibit, interfere with, or conflict with Executive&rsquo;s
duties under this Agreement or conflict in any material way with the business of the Company or any Affiliate; <I>provided, however,</I>
that Executive shall not serve on the board of directors of any business (other than the Company or an Affiliate) or hold any other
position with any business without receiving the prior written consent of the President or the Chief Executive Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Benefits</U>.</B> During the Employment Period, while Executive is employed by the Company, the Company shall compensate Executive
for Executive&rsquo;s services as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be paid a base salary at an annual rate of $154,000 (the &ldquo;<B>Annual Base Salary</B>&rdquo;), which shall be payable
in accordance with the normal payroll practices of the Company then in effect. Beginning in 2014, each year during the Employment
Period, Executive&rsquo;s Annual Base Salary shall be reviewed by the Board for possible increase, but not decrease, with any such
increase to be effective as of January 22 (the anniversary date) of the year of such adjustment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to receive performance-based annual incentive bonuses (each, the &ldquo;<B>Incentive Bonus</B>&rdquo;) from the
Company for each fiscal year ending during the Employment Period. Incentive Bonuses shall be established and determined in accordance
with the Company&rsquo;s annual cash incentive plan, as may be in effect from time to time, or otherwise as determined by the Board.
Any Incentive Bonus shall be paid to Executive no later than two and one-half months after the close of the year in which it is
earned, <I>provided</I> that any Incentive Bonus shall not be considered earned until the Board has made all determinations and
taken all actions necessary to establish such Incentive Bonus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to participate, subject to the terms thereof, in all incentive plans of the Company as may be in effect from
time to time with respect to senior executives employed by the Company, on as favorable a basis as other similarly situated and
performing executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
and Executive&rsquo;s dependents, as the case may be, shall be eligible to participate, subject to the terms thereof, in all pension
and similar benefit plans and all medical, dental, disability, group and executive life, accidental death and travel accident insurance,
and other similar welfare benefit plans of the Company as may be in effect from time to time with respect to senior executives
employed by the Company, on as favorable a basis as other similarly situated and performing executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be entitled to accrue paid vacation days and holidays in accordance with and subject to the Company&rsquo;s paid time off
programs and policies as may be in effect from time to time, <I>provided</I> that the minimum aggregate number of vacation days
and holidays Executive shall accrue per calendar year is 15 days, beginning on each annual anniversary date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall be eligible to be reimbursed by the Company, on terms that are substantially similar to those that apply to other similarly
situated and performing executives employed by the Company, for reasonable out-of-pocket expenses for entertainment, travel, meals,
lodging, and similar items that are consistent with the Company&rsquo;s expense reimbursement policy and that are actually incurred
by Executive in the promotion of the Company&rsquo;s business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
Company shall provide an automobile for Executive&rsquo;s use in the performance of Executive&rsquo;s duties hereunder and shall
pay all expenses for maintenance, repairs and insurance relating to that automobile, <I>provided, however</I>, that Executive shall
pay for all fuel charges and be reimbursed for business-related fuel expenses in accordance with the Company&rsquo;s policy regarding
such reimbursements. Executive shall report his business and personal use of the automobile in conformity with policies adopted
by the Company and personal use shall be reflected annually on the IRS Form W-2 of Executive as additional compensation for income
tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Executive
shall receive reimbursement from the Company for membership dues, initiation fees, special assessments, and other business-related
expenses at a club mutually agreeable between Bradly L. Chindamo and the Landmark National Bank Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
upon Termination</U>.</B> This Agreement and Executive&rsquo;s employment under this Agreement may be terminated for any of the
reasons described in this <B>Section 4</B>. Executive&rsquo;s right to benefits, if any, for periods after the Termination Date
shall be determined in accordance with this <B>Section&nbsp;4</B>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Minimum
Benefits</U>. </B>If the Termination Date occurs during the Employment Period for any reason, Executive shall be entitled to the
Minimum Benefits, in addition to any other benefits to which Executive may be entitled under the following provisions of this <B>Section
4</B> or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to Executive pursuant
to this <B>Section 4(a)</B> shall be provided within 30 days after the Termination Date; <I>provided</I>, <I>however</I>, that
any benefits, incentives, or awards payable as described in <B>Section&nbsp;4(g)(i)</B> shall be provided in accordance with the
terms of the applicable plan, program, or arrangement. Except as may expressly be provided to the contrary in this Agreement, nothing
in this Agreement shall be construed as requiring Executive to be treated as employed by the Company or any Affiliate following
the Termination Date for purposes of any plan, program, or arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
for Cause, Death, Disability, Voluntary Resignation or Non-Renewal</U>. </B>If the Termination Date occurs during the Employment
Period and is a result of a Termination for any reason other than (i) an Involuntary Termination or (ii) a voluntary Termination
by Executive within 30 days following a Change in Control, then, other than the Minimum Benefits, Executive shall have no right
to benefits under this Agreement (and the Company and its Affiliates shall have no obligation to provide any such benefits) for
periods after the Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Involuntary
Termination outside Covered Period</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination other than
during a Covered Period, then, in addition to the Minimum Benefits, the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the first regularly-scheduled payroll date following the 45th day following the Termination Date, Executive shall commence receiving
the Severance Amount (less any amount described in <B>Section&nbsp;4(c)(ii)</B>), with such amount to be paid in one payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent any portion of the Severance Amount exceeds the &ldquo;safe harbor&rdquo; amount described in Treasury Regulation Section
1.409A-1(b)(9)(iii)(A), Executive shall receive such portion of the Severance Amount that exceeds the &ldquo;safe harbor&rdquo;
amount in a single lump sum payment payable on the first regularly-scheduled payroll date following the 45th day following the
Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits described in <B>Section&nbsp;4(e)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
in Control Termination</U>.</B> If Executive&rsquo;s employment is subject to (A) an Involuntary Termination during a Covered Period
or (B) a voluntary Termination by Executive within 29 days following a Change in Control, then, in addition to Minimum Benefits,
the Company shall provide Executive the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the 45th day following the Termination Date, the Company shall pay Executive a lump sum payment in an amount equal to the Severance
Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
(and Executive&rsquo;s dependents, as may be applicable) shall be entitled to the benefits provided in <B>Section&nbsp;4(e)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Medical
and Dental Benefits</U>.</B> If Executive&rsquo;s employment is subject to an Involuntary Termination, then to the extent that
Executive or any of Executive&rsquo;s dependents may be covered under the terms of any medical or dental plans of the Company (or
an Affiliate) for active employees immediately prior to the Termination Date, then, <I>provided</I> Executive is eligible for and
elects coverage under the health care continuation rules of COBRA, the Company shall provide, at the Company&rsquo;s expense, Executive
and those dependents with coverage equivalent to the coverage in effect immediately prior to the Involuntary Termination for a
period of 12 months following the Termination Date, and thereafter Executive shall be responsible for the full cost of such continued
coverage if the coverage continues beyond such period; <I>provided</I>, <I>however</I>, that such coverage shall be provided only
to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or
violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this <B>Section&nbsp;4(e)</B>
may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective
plans, <I>provided</I> that Executive and Executive&rsquo;s dependents comply with all of the terms of the substitute medical or
dental plans, and <I>provided</I>, <I>further</I>, that the cost to the Company and its Affiliates shall not exceed the cost for
continued COBRA coverage under the Company&rsquo;s (or an Affiliate&rsquo;s) plans, as set forth in the immediately preceding sentence.
In the event Executive or any of Executive&rsquo;s dependents is or becomes eligible for coverage under the terms of any other
medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits,
the Company&rsquo;s and its Affiliates&rsquo; obligations under this <B>Section&nbsp;4(e) </B>shall cease with respect to the eligible
Executive and/or dependent. Executive and Executive&rsquo;s dependents must notify the Company of any subsequent employment and
provide information regarding medical and/or dental coverage available.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Golden
Parachute Payment Adjustment</U>. </B>It is the intention of the Parties that no portion of any payment under this Agreement, or
payments to or for the benefit of Executive under any other agreement or plan, be deemed to be an Excess Parachute Payment. The
present value of payments to or for the benefit of Executive in the nature of compensation, receipt of which is contingent on a
Change in Control, and to which Code Section 280G applies (in the aggregate &ldquo;<B>Total Payments</B>&rdquo;) shall not exceed
an amount equal to $1.00 less than the maximum amount that the Company may pay without loss of deduction under Code Section 280G(a).
Present value for purposes of this <B>Section&nbsp;4(f) </B>shall be calculated in accordance with Code Section 280G(d)(4). Within
90 days following the earlier of the giving of the notice of termination or the giving of notice by the Company to Executive of
its belief that there is a payment or benefit due to Executive that will result in an Excess Parachute Payment, Executive and the
Company, at the Company&rsquo;s expense, shall obtain the opinion of such legal counsel and certified public accountants as Executive
may choose (notwithstanding the fact that such persons have acted or may also be acting as the legal counsel or certified public
accountants for the Company or the Bank), which opinions need not be unqualified, which set forth (i) the amount of the includable
compensation of Executive for the base period, as determined under Code Section 280G, (ii) the present value of Total Payments,
and (iii) the amount and present value of any Excess Parachute Payments. If such opinions determine that there would be an Excess
Parachute Payment, the payment hereunder or any other payment determined by such counsel to be includable in Total Payments shall
be modified, reduced, or eliminated as specified by Executive in writing delivered to the Company within 60 days of Executive&rsquo;s
receipt of such opinions or, if Executive fails to so notify the Company, then as the Company shall reasonably determine, so that
under the bases of calculation set forth in such opinions there will be no Excess Parachute Payment; <I>provided</I>, <I>however</I>,
that any such specification by Executive or the Company shall not be effective where it would result in an imposition of any additional
income tax under Code Section 409A. The provisions of this <B>Section&nbsp;4(f)</B>, including the calculations, notices, and opinions
provided for herein shall be based upon the conclusive presumption that (A) the compensation provided for in this Agreement and
(B) any other compensation earned by Executive pursuant to the Company&rsquo;s or the Bank&rsquo;s programs that would have been
provided in any event are reasonable compensation for services rendered, even though the timing of such payment is triggered by
the Change in Control; <I>provided</I>, <I>however</I>, that if such legal counsel so requests in connection with the opinion required
by this <B>Section&nbsp;4(f)</B>, Executive and the Company shall obtain, at the Company&rsquo;s expense, and the legal counsel
may rely on in providing the opinion, the advice of a firm of recognized executive compensation consultants as to the reasonableness
of any item of compensation to be received by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Benefits</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
rights following a Termination with respect to any benefits, incentives, or awards provided to Executive pursuant to the terms
of any plan, program, or arrangement sponsored or maintained by the Company or its Affiliates, whether tax-qualified or not, which
are not specifically addressed herein, shall be subject to the terms of such plan, program, or arrangement and this Agreement shall
have no effect upon such terms except as specifically provided herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as specifically provided herein, the Company and its Affiliates shall have no further obligations to Executive under this Agreement
following a Termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Removal
from any Boards and Positions</U>.</B> Unless otherwise agreed to in writing by the Parties at the time of Termination, upon a
Termination, Executive shall be deemed to resign (i)&nbsp;if a member, from the Board and the board of directors of any Affiliate
and any other board to which Executive has been appointed or nominated by or on behalf of the Company or an Affiliate, (ii)&nbsp;from
each position with the Company and any Affiliate, including as an officer of the Company or an Affiliate and (iii) as a fiduciary
of any employee benefit plan of the Company and any Affiliate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Regulatory
Suspension and Termination</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is suspended or temporarily prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by a notice served under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall be suspended as of the date of service, unless stayed by appropriate proceedings, <I>provided</I> that if the charges in
such notice are dismissed, the Company may in its discretion (A) pay Executive all or part of the compensation withheld while its
and the Affiliates&rsquo; obligations under this Agreement were suspended and (B) reinstate in whole or in part any of its and
the Affiliates&rsquo; obligations that were suspended, all in accordance with Code Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is removed or permanently prohibited from participating in the conduct of the affairs of the Company or an Affiliate
by an order issued under Section 8(e) or 8(g) of the FDIA, all obligations of the Company and the Affiliates under this Agreement
shall terminate as of the effective date of the order, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested
rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Company is in default as defined in Section 3(x) of the FDIA, all obligations of the Company under this Agreement shall terminate
as of the date of default, <I>provided</I> that this <B>Section 4(i)</B> shall not affect any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations of the Company under this Agreement shall be terminated, except to the extent determined by the FDIC that continuation
of this Agreement is necessary for the continued operation of the institution, at the time the FDIC enters into an agreement to
provide assistance to or on behalf of the Company under the authority contained in Section 13(c) of the FDIA, or when the Company
is determined by the FDIC to be in an unsafe or unsound condition, <I>provided</I> that this <B>Section 4(i)</B> shall not affect
any vested rights of the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
payments made to Executive pursuant to this Agreement, or otherwise, are subject to and conditioned upon their compliance with
Section 18(k) of the FDIA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Clawback</U>.</B>
Notwithstanding any provision of this Agreement to the contrary, if any Severance Restrictions require the recapture or &ldquo;clawback&rdquo;
of any amount paid to Executive under this Agreement following the Termination Date, Executive shall repay to the Company the aggregate
amount of any such payments, with such repayment to occur no later than 30 days following Executive&rsquo;s receipt of a written
notice from the Company indicating that payments received by Executive under this Agreement are subject to recapture or clawback
pursuant to the Severance Restrictions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Release</U>.
</B>Notwithstanding any provision of this Agreement to the contrary, Executive shall not be entitled to any benefits under <B>Section&nbsp;4(c)</B><FONT STYLE="font-weight: normal">,
</FONT><B>Section&nbsp;4(d)</B><FONT STYLE="font-weight: normal">, or </FONT><B>Section&nbsp;4(e)</B> (other than the Minimum
Benefits), and shall repay to the Company any such benefits received, unless Executive executes (without subsequent revocation)
and delivers to the Company a Release within 21 days (or such longer period to the extent required by applicable law) following
the Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictive
Covenants</U>. </B>Executive acknowledges that Executive has been and will continue to be provided intimate knowledge of the business
practices, trade secrets, and other confidential and proprietary information of the Company (including the Confidential Information),
which, if exploited by Executive, would seriously, adversely, and irreparably affect the interests of the Company and the ability
of the Company to continue its business. Executive further acknowledges that, during the course of Executive&rsquo;s employment
with the Company, Executive may produce and have access to Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidential
Information</U>. </B>During the course of Executive&rsquo;s employment and following a Termination:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not directly or indirectly use, disclose, copy, or make lists of Confidential Information for the benefit of anyone other
than the Company, except to the extent that such information is or thereafter becomes lawfully available from public sources, or
such disclosure is authorized in writing by the Company, required by law, or otherwise as reasonably necessary or appropriate in
connection with the performance by Executive of Executive&rsquo;s duties to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive receives a subpoena or other court order or is otherwise required by law to provide information to a governmental authority
or other person concerning the activities of the Company or its Affiliates, or Executive&rsquo;s activities in connection with
the business of the Company or its Affiliates, Executive shall immediately notify the Company of such subpoena, court order, or
other requirement and deliver forthwith to the Company a copy thereof and any attachments and non-privileged correspondence related
thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall take reasonable precautions to protect against the inadvertent disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall abide by the Company&rsquo;s policies, as in effect from time to time, respecting avoidance of interests conflicting with
those of the Company and its Affiliates. In this regard, Executive shall not directly or indirectly render services to any person
or entity where Executive&rsquo;s service would involve the use or disclosure of Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not use any Confidential Information to guide Executive in searching publications or other publicly available information,
selecting a series of items of knowledge from unconnected sources, and fitting them together to claim that Executive did not violate
any terms set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Documents
and Property</U>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
records, files, documents, and other materials or copies thereof relating to the business of the Company or its Affiliates that
Executive prepares, receives, or uses, shall be and remain the sole property of the Company and, other than in connection with
the performance by Executive of Executive&rsquo;s duties to the Company, shall not be removed from the premises of the Company
or its Affiliates without the Company&rsquo;s prior written consent, and shall be immediately returned to the Company upon a Termination,
together with all copies (including copies or recordings in electronic form), abstracts, notes, or reproductions of any kind made
from or about the records, files, documents, or other materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that Executive&rsquo;s access to and permission to use the Company&rsquo;s and its Affiliates&rsquo; computer systems,
networks, and equipment, and all the Company and Affiliate information contained therein, is restricted to legitimate business
purposes on behalf of the Company and reasonable personal use in accordance with the Company&rsquo;s applicable policies and procedures.
Any other access to or use of such systems, networks, equipment, and information is without authorization and is prohibited. The
restrictions contained in this <B>Section&nbsp;6(b)</B> extend to any personal computers or other electronic devices of Executive
that are used for business purposes relating to the Company or its Affiliates. Executive shall not transfer any Company or Affiliate
information to any personal computer or other electronic device that is not otherwise used for any business purpose relating to
the Company or an Affiliate. Upon a Termination, Executive&rsquo;s authorization to access and permission to use the Company&rsquo;s
and its Affiliates&rsquo; computer systems, networks, and equipment, and any Company and Affiliate information contained therein,
shall cease, and Executive shall delete any Company and Affiliate information from Executive&rsquo;s personal computer or other
electronic device.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition
and Non-Solicitation</U>. </B>The primary service area of the Company&rsquo;s business in which Executive will actively participate
extends separately to the Restricted Area. Therefore, as an essential ingredient of and in consideration of this Agreement and
Executive&rsquo;s employment with the Company, Executive shall not, during Executive&rsquo;s employment with the Company or during
the Restricted Period, directly or indirectly do any of the following (all of which are collectively referred to in this Agreement
as the &ldquo;<B>Restrictive Covenant</B>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Engage
or invest in, own, manage, operate, finance, control, participate in the ownership, management, operation, or control of, be employed
by, associated with, or in any manner connected with, serve as a director, officer, or consultant to, lend Executive&rsquo;s name
or any similar name to, lend Executive&rsquo;s credit to or render services or advice to, in each case in the capacity (or any
substantially similar capacity) that Executive provided services to the Company, any person, firm, partnership, corporation, other
business entity, or trust that owns, operates, or is in the process of forming a Competitor with an office located, or to be located
at an address identified in a filing with any regulatory authority, within the Restricted Area; <I>provided</I>,<I> however</I>,<I>
</I>that the ownership by Executive of shares of the capital stock of any institution, which shares are listed on a securities
exchange and that do not represent more than 1% of the institution&rsquo;s outstanding capital stock, shall not violate any terms
of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;Induce
or attempt to induce any employee of the Company or its Affiliates to leave the employ of the Company or its Affiliates; (B)&nbsp;interfere
with the relationship between the Company or its Affiliates and any employee of the Company or its Affiliates; or (C)&nbsp;induce
or attempt to induce any customer, supplier, licensee, or other business relation of the Company or its Affiliates with whom Executive
had an ongoing business relationship to cease doing business with the Company or its Affiliates or interfere with the relationship
between the Company or its Affiliates and their respective customers, suppliers, licensees, or other business relations with whom
Executive had an ongoing business relationship.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solicit
the business of any person or entity known to Executive to be a customer of the Company or its Affiliates, where Executive, or
any person reporting to Executive, had accessed Confidential Information of, had an ongoing business relationship with, or had
made Substantial Business Efforts with respect to, such person or entity, with respect to products, activities, or services that
compete in whole or in part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Serve
as the agent, broker, or representative of, or otherwise assist, any person or entity in obtaining services or products from any
Competitor within the Restricted Area, with respect to products, activities, or services that Executive devoted time to on behalf
of the Company or any Affiliate (or any substantially similar products, activities, or services) and that compete in whole or in
part with the products, activities, or services of the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accept
employment with, provide services to, or act in any other such capacity for or with any Competitor, if in such employment or capacity
Executive would inevitably use or disclose the Company&rsquo;s Confidential Information in Executive&rsquo;s work or service for
such Competitor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Works
Made for Hire; Ownership of Company Work Product.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Parties understand and agree that all work prepared by Executive for the Company or for its Affiliates shall be a Work Made For
Hire as such phrase is defined under the U.S. Copyright laws, 17 U.S.C. &sect; 101 <I>et seq.</I>, and if such work does not qualify
as a Work Made For Hire, Executive shall, and does, assign to the Company all of Executive&rsquo;s right, title, and interest in
and to the work, including all patent, copyright, trademark, and other proprietary rights thereto.&nbsp; Executive waives and releases
all moral rights in any of the works as Executive may possess by virtue of the Visual Artist&rsquo;s Moral Rights Act of 1990 and
various country or state laws of attribution, authorship, and integrity commonly referred to as Moral Rights Law.&nbsp; Executive
shall not assert any claim based upon such moral rights against the Company, the Affiliates, or any of their respective successors
in interest or assigns.&nbsp; Executive shall have no right, title, or interest in any of the work and shall not be entitled to
any royalties or other proceeds received by the Company or its Affiliates from the commercialization in any manner of the work.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
hereby assigns to the Company any right, title, and interest in and to all Company Work Product that Executive may have, by law
or equity, without additional consideration of any kind whatsoever from the Company or its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Company Work Product (including obtaining patent, copyright,
trademark, or other intellectual property protection therefore in the United States and foreign countries).&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Confidential Information
and Company Work Product, and the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and
otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive
right, title, and interest in and to the Confidential Information and Company Work Product, and shall not contest, challenge or
make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity of the Confidential Information
and Company Work Product, any future application for registration or registration thereof, or any rights of the Company or its
Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo; right,
title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent required by applicable state statute, this <B>Section&nbsp;6(d) </B>shall not apply to an invention for which no equipment,
supplies, facility, or trade secret information of the Company or its Affiliates was used and that was developed entirely on Executive&rsquo;s
own time, unless the invention (i) relates to the business of the Company or an Affiliate or to the Company&rsquo;s or an Affiliate&rsquo;s
actual or demonstrably anticipated research or development or (ii) results from any work performed by Executive for the Company
or an Affiliate.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Consent
and Release</U>. </B>From time to time, the Company&rsquo;s store locations may be the subject of a Promotional Work.&nbsp; Executive
acknowledges that Executive is aware that Executive&rsquo;s name, image, and likeness may be captured in such Promotional Work,
and hereby consents and agrees that the Company may use Executive&rsquo;s name, image, and likeness as captured in the Promotional
Work in any manner, in connection with the Company&rsquo;s products and services, and, at all times, the Company, its Affiliates,
and, without limitation, their respective customers, successors, licensees, and assigns, may continue to use the Promotional Work
that includes Executive&rsquo;s name, image, or likeness.&nbsp; Executive, Executive&rsquo;s heirs, predecessors, successors, assigns,
and all affiliated entities hereby fully and finally release, remise, and forever discharge the Company, its Affiliates, their
respective predecessors, successors, assigns, and all affiliated entities, and each of their respective directors, officers, members,
shareholders, partners, employees, customers, agents, and attorneys, to the extent that such apply, of and from any and all manner
of actions, causes of action, losses, claims, demands, liabilities, obligations, suits, debts, sums of money, accounts, reckonings,
bonds, bills, specialties, covenants, controversies, agreements, promises, variances, trespasses, damages, judgments, and executions,
in law or in equity, that arise out of or are related to the Company&rsquo;s or its Affiliates&rsquo; use of a Promotional Work
that includes Executive&rsquo;s name, image, or likeness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Online
Medium</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not create or otherwise establish any Online Medium without the Company&rsquo;s prior written consent.&nbsp; Notwithstanding
the foregoing, if Executive creates an Online Medium without such prior written consent, Executive shall, and hereby does (A) assign
to the Company any right, title, and interest Executive may have in and to the Online Medium and (B) transfer to the Company all
primary administrative rights to the Online Medium, including all codes and passwords.&nbsp; If the Company has approved the content
of any material to be posted or otherwise used online and obtained primary administrative rights to the Online Medium, then the
Company may, at its sole and absolute discretion, provide Executive with subordinate administrative access to, and guidelines for,
Executive&rsquo;s use of such Online Medium in connection with Executive&rsquo;s duties under this Agreement.&nbsp; Executive has
no right, title, or interest to any material or other information on any Online Medium including all &ldquo;fans,&rdquo; &ldquo;followers,&rdquo;
&ldquo;friends,&rdquo; and &ldquo;contacts&rdquo; associated therewith that mentions, uses, or refers in any way to Company Proprietary
and Intellectual Property, Company Work Product, or Confidential Information, which shall remain the sole and exclusive property
of the Company, even if such Online Medium is established by Executive or otherwise held in the name of Executive.&nbsp; Upon a
Termination, the Company will remove Executive&rsquo;s administrative access to the Online Medium.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall execute and deliver any instruments or documents and do all further acts (including the giving of testimony and executing
any applications, oaths, and assignments) requested by the Company (both before and after a Termination) in order to vest more
fully in the Company or its Affiliates all ownership rights in the Online Medium (including obtaining any available intellectual
property or similar protection therefore in the United States and foreign countries).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company or its Affiliates shall at all times own and have exclusive right, title, and interest in and to all Online Medium, and
the Company or its Affiliates shall retain the exclusive right to use, license, sell, transfer, and otherwise exploit and dispose
of the same.&nbsp; Executive acknowledges the Company&rsquo;s or its Affiliates&rsquo; exclusive right, title, and interest in
and to the Online Medium, and shall not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo;
ownership of or the validity of the Online Medium, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Company
Proprietary and Intellectual Property</U>.</B> The Company or its Affiliates shall at all times own and have exclusive right, title,
and interest in and to all Company Proprietary and Intellectual Property, and the Company or its Affiliates shall retain the exclusive
right to use, license, sell, transfer, and otherwise exploit and dispose of the same.&nbsp; Executive acknowledges the Company&rsquo;s
or its Affiliates&rsquo; exclusive right, title, and interest in and to Company Proprietary and Intellectual Property, and shall
not contest, challenge, or make any claim adverse to the Company&rsquo;s or its Affiliates&rsquo; ownership of or the validity
of Company Proprietary and Intellectual Property, any future application for registration or registration thereof, or any rights
of the Company or its Affiliates therein, or which, directly or indirectly, may impair any part of the Company&rsquo;s or its Affiliates&rsquo;
right, title, and interest therein.&nbsp; Executive shall not use or otherwise exploit any of Company Proprietary and Intellectual
Property in any manner not authorized by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Remedies
for Breach of Restrictive Covenant</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
has reviewed the provisions of this Agreement with legal counsel, or has been given adequate opportunity to seek such counsel,
and Executive acknowledges that the covenants contained in this <B>Section&nbsp;6</B> are reasonable with respect to their duration,
geographical area, and scope.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
acknowledges that (A) the restrictions contained in this <B>Section&nbsp;6</B> are reasonable and necessary for the protection
of the legitimate business interests of the Company, (B) such restrictions create no undue hardships, (C) any violation of these
restrictions would seriously, adversely, and irreparably injure the Company and such interests, and (D) such restrictions were
a material inducement to the Company to employ Executive and to enter into this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
must, and the Company may, communicate the existence and terms of this Agreement to any third party with whom Executive may seek
or obtain future employment or other similar arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of any violation or threatened violation of the restrictions contained in this <B>Section&nbsp;6</B>, the Company, in
addition to and not in limitation of, any other rights, remedies, or damages available to the Company under this Agreement or otherwise
at law or in equity, shall not be required to provide any amounts or benefits under this Agreement and shall be entitled to preliminary
and permanent injunctive relief to prevent or restrain any such violation by Executive and all persons directly or indirectly acting
for or with Executive, as the case may be, without any requirement that the Company post bond.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive violates the Restrictive Covenant and the Company brings legal action for injunctive or other relief, the Company shall
not, as a result of the time involved in obtaining such relief, be deprived of the benefit of the full period of the Restrictive
Covenant; accordingly, the Restrictive Covenant shall be deemed to have the duration specified herein computed from the date the
relief is granted but reduced by the time between the period when the Restricted Period began to run and the date of the first
violation of the Restrictive Covenant by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Agreements</U>.</B> In the event of the existence of another agreement between the Parties that (i)&nbsp;is in effect during the
Restricted Period, and (ii)&nbsp;contains restrictive covenants that conflict with any of the provisions of this <B>Section&nbsp;6</B>,
then the more restrictive of such provisions from the two agreements shall control for the period during which both agreements
would otherwise be in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Set-Off; No Mitigation</U>.</B> Except as provided herein, the Company&rsquo;s obligation to provide benefits under this Agreement
and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim,
recoupment, defense, or other right the Company may have against Executive or others. In no event shall Executive be obligated
to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions
of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.</B>
Notices and all other communications under this Agreement shall be in writing and shall be deemed given when mailed by United States
registered or certified mail, return receipt requested, postage prepaid, addressed as follows: if to the Company, to the principal
headquarters of the Company, attention: Vice President Human Resources, with a copy to the Chairman of the Board of Directors;
and if to Executive, to Executive&rsquo;s most recent address in the Company&rsquo;s records; or, in each respective case, to such
other address as either Party may furnish to the other in writing, except that notices of changes of address shall be effective
only upon receipt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>.</B> This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Choice
of Venue and Consent to Jurisdiction</U>.</B> Each Party hereby irrevocably submits to the exclusive jurisdiction of the courts
located in the City of Manhattan, Kansas, if such courts have or can acquire jurisdiction, and if such jurisdiction does not exist
and cannot be acquired, to the exclusive jurisdiction of the United States District Court serving the City of Manhattan, Kansas,
for the purpose of any suit, action, or other proceeding arising out of or based on this Agreement or any other agreement contemplated
hereby or any subject matter hereof, whether in tort, contract, or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Service of Process</U>.</B> Each Party may be served with process in any manner permitted
under State of Kansas law, or by United States registered or certified mail, return receipt requested.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;<U>Entire Agreement</U>. </B>This Agreement constitutes the entire agreement between the Parties concerning the
subject matter hereof, and supersedes all prior negotiations, undertakings, agreements, and arrangements with respect
thereto, whether written or oral, including the Prior Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding of Taxes</U>.</B> The Company may withhold from any benefits payable under this
Agreement all federal, state, city and other taxes as may be required pursuant to any law, governmental regulation, or
ruling.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;<U>No Assignment</U>.</B> Executive&rsquo;s right to receive benefits under this Agreement shall not be
assignable or transferable whether by pledge, creation of a security interest, or otherwise, other than a transfer by will or
by the laws of descent or distribution. In the event of any attempted assignment or transfer contrary to this <B>Section&nbsp;14</B>,
the Company and its Affiliates shall have no liability to pay any amount so attempted to be assigned or transferred. This
Agreement shall inure to the benefit of and be enforceable by Executive&rsquo;s personal and legal representatives,
executors, administrators, successors, heirs, distributees, devisees, and legatees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;<U>Successors</U>.</B> This Agreement shall be binding upon and inure to the benefit of the Company, its
successors, and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;<U>Legal Fees</U>.</B> In the event that either Party commences mediation, arbitration, litigation, or any
similar action to enforce or protect such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing
Party in any such action shall be entitled to recover reasonable attorneys&rsquo; fees and costs (including the costs of
experts, evidence, and counsel) and other costs relating to such action, in addition to all other entitled relief, including
damages and injunctive relief.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment</U>.</B> This Agreement may not be amended or modified except by written agreement
signed by the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code Section 409A</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>To
the extent any provision of this Agreement or action by the Company would subject Executive to liability for interest or additional
taxes under Code Section 409A, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Company.
It is intended that this Agreement will comply with Code Section 409A, and this Agreement shall be administered accordingly and
interpreted and construed on a basis consistent with such intent. Notwithstanding any provision of this Agreement to the contrary,
no termination or similar payments or benefits shall be payable hereunder on account of a Termination unless such Termination constitutes
a &ldquo;separation from service&rdquo; within the meaning of Code Section 409A. For purposes of Code Section 409A, all installment
payments of deferred compensation made hereunder, or pursuant to another plan or arrangement, shall be deemed to be separate payments.
To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Code Section 409A, such reimbursements
and in-kind benefit payments shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv). This Agreement may
be amended to the extent necessary (including retroactively) by the Company to avoid the application of taxes or interest under
Code Section 409A, while maintaining to the maximum extent practicable the original intent of this Agreement. This <B>Section&nbsp;18</B>
shall not be construed as a guarantee of any particular tax effect for Executive&rsquo;s benefits under this Agreement and the
Company does not guarantee that any such benefits will satisfy the provisions of Code Section&nbsp;409A or any other provision
of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Notwithstanding
any provision of this Agreement to the contrary, if Executive is determined to be a Specified Employee as of the Termination Date,
then, to the extent required pursuant to Code Section 409A, payments due under this Agreement that are deemed to be deferred compensation
shall be subject to a six-month delay following the Termination Date; and all delayed payments shall be accumulated and paid in
a lump-sum payment as of the first day of the seventh month following the Termination Date (or, if earlier, as of Executive&rsquo;s
death), with all such delayed payments being credited with interest (compounded monthly) for this period of delay equal to the
prime rate in effect on the first day of such six-month period. Any portion of the benefits hereunder that were not otherwise due
to be paid during the six-month period following the Termination Date shall be paid to Executive in accordance with the payment
schedule established herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;<U>Scope of Company and Affiliate Obligations</U>. </B>Although the Company and its Affiliates
may have jointly obligated themselves to Executive under certain provisions of this Agreement, in no event shall Executive be
entitled to more than what is explicitly provided for hereunder, such that no duplicative payments shall be provided under
this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction</U>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>In
this Agreement, unless otherwise stated, the following uses apply: (i)&nbsp;references to a statute refer to the statute and any
amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or its
successors, as in effect at the relevant time; (ii)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including,&rdquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (iii)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (iv)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (v)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (vi)&nbsp;all references to preambles, recitals,
sections, and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (vii)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (viii)&nbsp;any reference to a document or set of documents, and the rights and obligations of
the parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (ix)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (x)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (xi)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>If
a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity
or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement
and all other provisions shall remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>The
various covenants and provisions of this Agreement are intended to be severable and to constitute independent and distinct binding
obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>Without
limiting the generality of the foregoing, if the scope of any covenant contained in this Agreement is too broad to permit enforcement
to its full extent, such covenant shall be enforced to the maximum extent permitted by law, and such scope may be judicially modified
accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.</B> As used in this Agreement, the terms defined in this <B>Section
21 </B>have the meanings set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>1934
Act</B>&rdquo; means the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Affiliate</B>&rdquo;
means each Business Entity that, directly or indirectly, is controlled by, controls, or is under common control with, the Company,
where &ldquo;control&rdquo; means (i) the ownership of more than 50% of the Voting Securities or other voting or equity interests
of any Business Entity, or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Business Entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Agreement</B>&rdquo;
means this employment agreement, made and entered into as of the Effective Date, by and between the Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Annual
Base Salary</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(a)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Average
Incentive Bonus</B>&rdquo; means the average of Incentive Bonuses determined for the immediately preceding three completed fiscal
years of the Company; <I>provided, however</I>, that if an Incentive Bonus has not yet been determined for a previously completed
fiscal year as of the Termination Date, then Target Bonus shall be used with respect to such fiscal year for purposes of calculating
the Average Incentive Bonus. For purposes of calculating the Average Incentive Bonus, fiscal years for which no bonus was determined
to have been earned shall be included in the calculation of the three-year average.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank</B>&rdquo;
means Landmark National Bank, a national chartered bank with its main office located in Manhattan, Kansas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Bank
Board</B>&rdquo; means the Board of Directors of the Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Base
Compensation</B>&rdquo; means the amount equal to the sum of (i)&nbsp;the greater of Executive&rsquo;s then-current Annual Base
Salary or Executive&rsquo;s Annual Base Salary as of the date one day prior to the Change in Control, (ii)&nbsp;the Average Incentive
Bonus, and (iii)&nbsp;the contributions made or credited by the Company under all employee retirement plans for the benefit of
Executive (other than elective deferrals by Executive) for the most recently completed fiscal year of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Board</B>&rdquo;
means the Board of Directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Business
Entity</B>&rdquo; means any corporation, partnership, limited liability company, joint venture, association, partnership, business
trust or other business entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Change
in Control</B>&rdquo; means the first to occur of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation of the acquisition by any &ldquo;person&rdquo; (as such term is defined in Section 13(d) or 14(d) of the 1934 Act)
of &ldquo;beneficial ownership&rdquo; (within the meaning of Rule 13d-3 promulgated under the 1934 Act) of more than 50% of the
combined voting power of the then outstanding Voting Securities of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
any 12-month period, the individuals who, as of the Effective Date, are members of the Board cease for any reason to constitute
a majority of the Board, unless the election, or nomination for election by the Company&rsquo;s shareholders, of any new director
was approved by a vote of a majority of the Board, in which case such new director shall, for purposes of this Agreement, be considered
as a member of the Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
consummation by the Company of: (A) a merger or consolidation if the Company&rsquo;s shareholders immediately before such merger
or consolidation do not, as a result of such merger or consolidation, own, directly or indirectly, more than 50% of the combined
voting power of the then outstanding Voting Securities of the entity resulting from such merger or consolidation in substantially
the same proportion as their ownership of the combined voting power of the Voting Securities of the Company outstanding immediately
before such merger or consolidation; or (B) a complete liquidation or dissolution of, or an agreement for the sale or other disposition
of all or substantially all of the assets of, the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Notwithstanding any provision
of this definition to the contrary, a Change in Control shall not be deemed to have occurred solely because more than 50% of the
combined voting power of the then outstanding securities of the Company are acquired by (A) a trustee or other fiduciary holding
securities under one or more employee benefit plans maintained by the Company or an Affiliate or (B) any corporation that, immediately
prior to such acquisition, is owned directly or indirectly by the Company&rsquo;s shareholders in the same proportion as their
ownership of stock immediately prior to such acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Further notwithstanding
any provision of this definition to the contrary, in the event that any amount or benefit under this Agreement constitutes deferred
compensation under Code Section 409A and the settlement of or distribution of such amount or benefit is to be triggered by a Change
in Control, then such settlement or distribution shall be subject to the event constituting the Change in Control also constituting
a &ldquo;change in control event&rdquo; under Code Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>COBRA</B>&rdquo;
means the Consolidated Omnibus Budget Reconciliation Act of 1985.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Code</B>&rdquo;
means the Internal Revenue Code of 1986.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company</B>&rdquo;
means Landmark Bancorp, Inc., a Delaware corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Proprietary and Intellectual Property</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases,
plans, lists, inventions, discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created,
compiled, or otherwise developed by the Company or its Affiliates and/or comprised, in whole or part, of Confidential Information,
together with all patent rights, copyrights, trademarks, service marks, trade name rights and other source identifiers, trade secrets,
and other intellectual property and property rights therein, if any.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Company
Work Product</B>&rdquo; means all products, systems, methods, procedures, techniques, manuals, databases, plans, lists, inventions,
discoveries, innovations, improvements, enhancements, concepts, ideas, and software conceived, created, compiled, or otherwise
developed by Executive in the course of Executive&rsquo;s employment with the Company or its Affiliates and/or comprised, in whole
or part, of Confidential Information, together with all patent rights, copyrights, trademarks, service marks, trade name rights,
trade secrets, and other intellectual property and propriety rights therein, if any. Notwithstanding the foregoing sentence, to
the extent required by applicable state statute, Company Work Product shall not include (i) any inventions independently developed
by Executive and not derived, in whole or part, from any Confidential Information or (ii) any invention made by Executive prior
to Executive&rsquo;s exposure to any Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Competitor</B>&rdquo;
means a bank, savings bank, savings and loan association, credit union, or similar financial institution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Confidential
Information</B>&rdquo; means confidential or proprietary non-public information concerning the Company or its Affiliates, including
research, development, designs, formulae, processes, specifications, technologies, marketing materials, financial and other information
concerning customers and prospective customers, customer lists, records, data, computer programs, source codes, object codes, database
structures, trade secrets, proprietary business information, pricing and profitability information, policies, strategic planning,
commitments, plans, procedures, litigation, pending litigation, and other information not generally available to the public.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Covered
Period</B>&rdquo; means the period beginning six months prior to a Change in Control and ending on the date that is 24 months after
the Change in Control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Disability</B>&rdquo;
means that (i)&nbsp;Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
12 months, or (ii)&nbsp;Executive is, by reason of any medically determinable physical or mental impairment that can be expected
to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than three months under an accident or health plan covering employees of the Company. In the
event of a dispute regarding whether Executive has incurred a Disability, each of Executive and the Company shall choose a physician
who together shall choose a third physician to make a final determination regarding whether Executive has incurred a Disability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Effective
Date</B>&rdquo; means November 1, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Employment
Period</B>&rdquo; has the meaning set forth in <B>Section&nbsp;1</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Excess
Parachute Payment</B>&rdquo; has the meaning set forth in Code Section&nbsp;280G.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Executive</B>&rdquo;
means Bradly L. Chindamo.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIA</B>&rdquo;
means the Federal Deposit Insurance Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>FDIC</B>&rdquo;
means the Federal Deposit Insurance Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Good
Reason</B>&rdquo; means the occurrence of any one of the following events, unless Executive agrees in writing that such event shall
not constitute Good Reason:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material and adverse change in the nature, scope, or status of Executive&rsquo;s position, authorities, or duties from those in
effect in accordance with <B>Section&nbsp;2</B>; <I>provided</I>, <I>however</I>, that a change in title as a result of a merger
or reorganization of the Company or the Bank, where Executive maintains a similar level of responsibility or oversight (including,
where applicable, duties with respect to a public company officer or director), shall not constitute Good Reason or a breach of
this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material reduction in Executive&rsquo;s then-current Annual Base Salary, or a material reduction in Executive&rsquo;s aggregate
benefits or other compensation plans in effect immediately following the Effective Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
relocation of Executive&rsquo;s primary place of employment of more than 25 miles, which relocation also causes Executive&rsquo;s
primary place of employment to be located further from Executive&rsquo;s primary residence;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Removal
of Executive from, or failure to elect Executive to, the Board or the Bank Board; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by the Company of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Notwithstanding
any provision of this Good Reason definition to the contrary, (A) prior to a Termination for Good Reason, Executive must give the
Company written notice of the existence of any condition set forth in a clause immediately above within 90 days of its initial
existence and the Company shall have 30 days from the date of such notice in which to cure the condition giving rise to Good Reason,
if curable, and if, during such 30-day period, the Company cures the condition giving rise to Good Reason, such condition shall
not constitute Good Reason and (B)&nbsp;any Termination for Good Reason must occur within six months of the initial existence of
the condition constituting Good Reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(bb)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Incentive
Bonus</B>&rdquo; has the meaning set forth in <B>Section&nbsp;3(b)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Involuntary
Termination</B>&rdquo; means a Termination during the Employment Period either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
the Company, other than (A) a Termination for Cause, (B) a termination as a result of Executive&rsquo;s death or Disability, or
(C) a termination due to the expiration of this Agreement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
Executive for Good Reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Minimum
Benefits</B>&rdquo; means, as applicable, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Annual Base Salary for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; <I>provided</I>, <I>however</I>,
that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
accrued but unpaid vacation pay for the period ending on the Termination Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
unreimbursed business expenses through and including the Termination Date, <I>provided</I> that all required submissions for expense
reimbursement are made in accordance with the Company&rsquo;s expense reimbursement policy and within 15 days following the Termination
Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
benefits, incentives, and awards described in <B>Section&nbsp;4(g)(i)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Online
Medium</B>&rdquo; means any website, domain, social network account or identity, blog, feed, email address, email distribution
list, or other Internet account or presence (including Instagram, Tumblr, Facebook, Twitter, and Flicker) that incorporates, exploits,
utilizes, displays, or otherwise makes use of any of the Company Proprietary and Intellectual Property, Company Work Product, or
Confidential Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Parties</B>&rdquo;
means the Company, the Bank, and Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Prior
Employment Agreement</B>&rdquo; has the meaning set forth in the Recitals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(hh)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Promotional
Work</B>&rdquo; means, without limitation, photographs, films, clips, sketches, segments, and other media and promotional works.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Release</B>&rdquo;
means a general release and waiver substantially in the form attached hereto as Exhibit A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(jj)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Area</B>&rdquo; means the area that encompasses a 35-mile radius from each banking or other office location of the Company and
its Affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(kk)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restricted
Period</B>&rdquo; means a period of 18 months immediately following a Termination, whether such Termination occurs during the Employment
Period or thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ll)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Restrictive
Covenant</B>&rdquo; has the meaning set forth in <B>Section&nbsp;6(c)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(mm)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Amount</B>&rdquo; means</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during the Employment Period and not during a Covered Period, an amount equal to 100% of Executive&rsquo;s
Base Compensation as of the respective Termination; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
any Termination that occurs during a Covered Period, an amount equal to 200% of Executive&rsquo;s Base Compensation as of the respective
Termination. <B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(nn)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Severance
Restrictions</B>&rdquo; means any applicable statute, law, regulation, or regulatory interpretation or other guidance, including
FIL-66-2010 and any related or successor FDIC guidance, that would require the Company or any Affiliate to seek or demand repayment
or return of any payments made to Executive for any reason, including the Company, an Affiliate or their successors later obtaining
information indicating that Executive has committed, is substantially responsible for, or has violated, the respective acts or
omissions, conditions, or offenses outlined under 12 C.F.R. 359.4(a)(4).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(oo)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Specified
Employee</B>&rdquo; means any person who is a &ldquo;key employee&rdquo; (as defined in Code Section 416(i) without regard to paragraph
(5) thereof), as determined by the Company based upon the 12-month period ending on each December 31st (such 12-month period is
referred to below as the &ldquo;identification period&rdquo;). If Executive is determined to be a key employee, Executive shall
be treated as a Specified Employee for purposes of this Agreement during the 12-month period that begins on the April 1 following
the close of the identification period. For purposes of determining whether Executive is a key employee, &ldquo;compensation&rdquo;
means Executive&rsquo;s W-2 compensation as reported by the Company for a particular calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(pp)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Substantial
Business Efforts</B>&rdquo; means marketing, promotional, purchasing, sales, or solicitation activities undertaken on behalf of
the Company or an Affiliate, which include (i)&nbsp;in person and voice communications and (ii)&nbsp;either or both of (A)&nbsp;delivery
of a quote, bid, proposal, or request for any of the foregoing or (B)&nbsp;visits to the site of the actual or potential business
development and other similar meetings or visits (conducted alone or with other employees of the Company or an Affiliate), where
such activities would enjoy a reasonable prospect of success in the absence of any breach of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(qq)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Target
Bonus</B>&rdquo; means Executive&rsquo;s target Incentive Bonus for the applicable fiscal year, if one is used, and if not, the
Target Bonus shall be determined based upon the mid-point between the maximum Incentive Bonus and the threshold Incentive Bonus
for the applicable fiscal year, with the threshold bonus based upon the first level of performance for which some amount of Incentive
Bonus would be payable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(rr)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination</B>&rdquo;
means termination of Executive&rsquo;s employment with the Company and all Affiliates for any reason or no reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(ss)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
Date</B>&rdquo; means the date of Termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(tt)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Termination
for Cause</B>&rdquo; means a termination of Executive&rsquo;s employment by the Company as a result of any of the following (in
each case as determined by the Board):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
willful and continuing failure to perform Executive&rsquo;s obligations hereunder, which failure is not remedied within 10 business
days after receipt of written notice of such failure from the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
conviction of, or plea of <I>nolo contendere</I> to, a crime of embezzlement or fraud or any felony under the laws of the United
States or any state thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
breach of fiduciary responsibility;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act of dishonesty by Executive that is materially injurious to the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
engagement in one or more unsafe or unsound banking practices that have a material adverse effect on the Company or an Affiliate;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive&rsquo;s
removal or permanent suspension from banking pursuant to Section 8(e) of the FDIA or any other applicable state or federal law;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
act or omission by Executive that leads to a material harm (financial or reputational) to the Company or an Affiliate; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
material breach by Executive of Company policies as may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, a
Termination for Cause shall be deemed to have occurred if, within 12 months following the Termination, facts and circumstances
arising during the course of such employment are discovered that would have warranted a Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, with
respect to subsections (i), (vii), (viii), and (ix), Executive shall be entitled to at least 30 days&rsquo; prior written notice
of the Company&rsquo;s intention to terminate Executive&rsquo;s employment in a Termination for Cause, which notice shall specify
the grounds for the Termination for Cause; and Executive shall be provided a reasonable opportunity to cure any conduct or act,
if curable, alleged as grounds for the Termination for Cause, and a reasonable opportunity to present to the Board Executive&rsquo;s
position regarding any dispute relating to the existence of any grounds for Termination for Cause.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1in">Further, all
rights Executive has or may have under this Agreement shall be suspended automatically during (A) the pendency of any investigation
by the Board or its designee, or (B) any negotiations between the Board or its designee and Executive regarding any actual or alleged
act or omission by Executive of the type that would warrant a Termination for Cause and any such suspension shall not give rise
to a claim of Good Reason by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(uu)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Total
Payments</B>&rdquo; has the meaning set forth in <B>Section&nbsp;4(f)</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>(vv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>&ldquo;<B>Voting
Securities</B>&rdquo; means any securities that ordinarily possess the power to vote in the election of directors without the happening
of any precondition or contingency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival</U>.</B>
The provisions of <B>Section&nbsp;6</B> shall survive the termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>[Signature page follows.]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>&nbsp;</I></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
each of the Company and the Bank has caused this Agreement to be executed in its name and on its behalf, and Executive acknowledges
understanding and acceptance of, and agrees to, the terms of this Agreement, all as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></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="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="text-align: left; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 43%">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: left">Print Name:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-variant: small-caps"><B>LANDMARK NATIONAL BANK</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">/s/ Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="text-align: left">Print Name:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">Patrick L. Alexander</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">Chairman and CEO</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">Bradly L. Chindamo</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">/s/ Bradly L. Chindamo</TD></TR>
</TABLE>
<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; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>EXHIBIT A</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B><U>Agreement
and Release and Waiver</U></B></FONT></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">This <FONT STYLE="font-variant: small-caps"><B>Agreement
and Release</B></FONT> (&ldquo;<B>Agreement</B>&rdquo;) is made and entered into by and between <FONT STYLE="font-variant: small-caps"><B>Landmark
Bancorp, Inc.</B></FONT> (the &ldquo;<B>Company</B>&rdquo;) and <FONT STYLE="background-color: yellow">[_______________]</FONT>
(&ldquo;<B>Executive</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company desire to settle fully and amicably all issues between them, including any issues arising out of Executive&rsquo;s
employment with the Company and the termination of that employment; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Whereas</B></FONT>,
Executive and the Company are parties to that certain Employment Agreement, made and entered into as of <FONT STYLE="background-color: yellow">[_______________]</FONT>,
as amended (the &ldquo;<B>Employment Agreement</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>Now,
therefore</B></FONT>, for and in consideration of the mutual promises contained herein, and for other good and sufficient consideration,
receipt of which is hereby acknowledged, Executive and the Company (collectively, the &ldquo;<B>Parties</B>&rdquo; and, individually,
each a &ldquo;<B>Party</B>&rdquo;), intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Employment.</B> Executive&rsquo;s employment with the Company shall terminate effective as of the close of business on <FONT STYLE="background-color: yellow">[_______________]</FONT>
(the &ldquo;<B>Termination Date</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compensation
and Benefits.</B> Subject to the terms of this Agreement, the Company shall compensate Executive under this Agreement as follows
(collectively, the &ldquo;<B>Severance Payments</B>&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severance
Amount</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accrued
Salary and Vacation</U>. Executive shall be entitled to a lump sum payment in an amount equal to Executive&rsquo;s earned but unpaid
annual base salary and vacation pay for the period ending on the Termination Date, with such payment to be made on the first payroll
date following the Termination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>COBRA
Benefits</U>. <FONT STYLE="background-color: yellow">[_______________]</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Executive
Acknowledgement</U>. Executive acknowledges that, subject to fulfillment of all obligations provided for herein, Executive has
been fully compensated by the Company, including under all applicable laws, and that nothing further is owed to Executive with
respect to wages, bonuses, severance, other compensation, or benefits. Executive further acknowledges that the Severance Payments
(other than (b) above) are consideration for Executive&rsquo;s promises contained in this Agreement, and that the Severance Payments
are above and beyond any wages, bonuses, severance, other compensation, or benefits to which Executive is entitled from the Company
under the terms of Executive&rsquo;s employment or under any other contract or law that Executive would be entitled to absent execution
of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
The Severance Payments shall be treated as wages and subject to all taxes and other payroll deductions required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Termination
of Benefits.</B> Except as provided in <B>Section 2</B> above or as may be required by law, Executive&rsquo;s participation in
all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing
contained herein shall limit or otherwise impair Executive&rsquo;s right to receive pension or similar benefit payments that are
vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable
plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Release
of Claims and Waiver of Rights.</B> Executive, on Executive&rsquo;s own behalf and that of Executive&rsquo;s heirs, executors,
attorneys, administrators, successors, and assigns, fully releases and discharges the Company, its predecessors, successors, parents,
subsidiaries, affiliates, and assigns, and its and their directors, officers, trustees, employees, and agents, both in their individual
and official capacities, and the current and former trustees and administrators of each retirement and other benefit plan applicable
to the employees and former employees of the Company, both in their official and individual capacities (the &ldquo;<B>Releasees</B>&rdquo;)
from all liability, claims, demands, and actions Executive now has, may have had, or may ever have, whether currently known or
unknown, as of or prior to Executive&rsquo;s execution of this Agreement (the &ldquo;<B>Release</B>&rdquo;), including liability
claims, demands, and actions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arising
from or relating to Executive&rsquo;s employment or other association with the Company, or the termination of such employment,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to wages, bonuses, other compensation, or benefits,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment or change in control contract,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any employment law, including</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
United States and State of Kansas Constitutions,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1964,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Civil Rights Act of 1991,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Equal Pay Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Employee Retirement Income Security Act of 1974,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Age Discrimination in Employment Act (the &ldquo;<B>ADEA</B>&rdquo;),</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Americans with Disabilities Act,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Order 11246, and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -0.5in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
other federal, state, or local statute, ordinance, or regulation relating to employment,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any right of payment for disability,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relating
to any statutory or contractual right of payment, and</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; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
relief on the basis of any alleged tort or breach of contract under the common law of the State of Kansas or any other state, including
defamation, intentional or negligent infliction of emotional distress, breach of the covenant of good faith and fair dealing, promissory
estoppel, and negligence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Executive acknowledges
that Executive is aware that statutes exist that render null and void releases and discharges of any claims, rights, demands, liabilities,
actions, and causes of action that are unknown to the releasing or discharging party at the time of execution of the release and
discharge. Executive waives, surrenders, and shall forego any protection to which Executive would otherwise be entitled by virtue
of the existence of any such statutes in any jurisdiction, including the State of Kansas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exclusions
from General Release.</B> Excluded from the Release are any claims or rights that cannot be waived by law, as well as Executive&rsquo;s
right to file a charge with an administrative agency or participate in any agency investigation. Executive is, however, waiving
the right to recover any money in connection with a charge or investigation. Executive is also waiving the right to recover any
money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other
federal or state agency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Covenant
Not to Sue.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
&ldquo;covenant not to sue&rdquo; is a legal term that means Executive promises not to file a lawsuit in court. It is different
from the release of claims and waiver of rights contained in <B>Section 4</B> above. Besides waiving and releasing the claims covered
by <B>Section 4</B> above, Executive shall never sue the Releasees in any forum for any reason covered by the Release. Notwithstanding
this covenant not to sue, Executive may bring a claim against the Company to enforce this Agreement, to challenge the validity
of this Agreement under the ADEA or for any claim that arises after execution of this Agreement. If Executive sues any of the Releasees
in violation of this Agreement, Executive shall be liable to them for their reasonable attorneys&rsquo; fees and costs (including
the costs of experts, evidence, and counsel) and other litigation costs incurred in defending against Executive&rsquo;s suit. In
addition, if Executive sues any of the Releasees in violation of this Agreement, the Company can require Executive to return all
but a sum of $100 of the Severance Payments, which sum is, by itself, adequate consideration for the promises and covenants in
this Agreement. In that event, the Company shall have no obligation to make any further Severance Payments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive has previously filed any lawsuit against any of the Releasees, Executive shall immediately take all necessary steps and
execute all necessary documents to withdraw or dismiss such lawsuit to the extent Executive&rsquo;s agreement to withdraw, dismiss,
or not file a lawsuit would not be a violation of any applicable law or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representations
by Executive.</B> Executive warrants that Executive is legally competent to execute this Agreement and that Executive has not relied
on any statements or explanations made by the Company or its attorneys. <B>Executive acknowledges that Executive has been afforded
the opportunity to be advised by legal counsel regarding the terms of this Agreement, including the Release. Executive acknowledges
that Executive has been offered at least 21 days to consider this Agreement. After being so advised, and without coercion of any
kind, Executive freely, knowingly, and voluntarily enters into this Agreement. Executive acknowledges that Executive may revoke
this Agreement within seven days after Executive has signed this Agreement and acknowledges understanding that this Agreement shall
not become effective or enforceable until seven days after Executive has signed this Agreement (the &ldquo;Effective Date&rdquo;),
as evidenced by the date set forth below Executive&rsquo;s signature on the signature page hereto.</B> Any revocation must be in
writing and directed to <FONT STYLE="background-color: yellow">[_______________]</FONT>. If sent by mail, any revocation must be
postmarked within the seven-day period described above and sent by certified mail, return receipt requested.</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"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restrictive
Covenants.</B> Section 6 of the Employment Agreement (entitled &ldquo;Restrictive Covenants&rdquo;), shall continue in full force
and effect as if fully restated herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Disparagement.</B>
Executive shall not engage in any disparagement or vilification of the Releasees, and shall refrain from making any false, negative,
critical, or disparaging statements, implied or expressed, concerning the Releasees, including regarding management style, methods
of doing business, the quality of products and services, role in the community, or treatment of employees. Executive shall do nothing
that would damage the Company&rsquo;s business reputation or goodwill.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company
Property.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall return to the Company all information, property, and supplies belonging to the Company or any of its affiliates, including
any confidential or proprietary information, Company autos, keys (for equipment or facilities), laptop computers and related equipment,
cellular phones, smart phones or PDAs (including SIM cards), security cards, corporate credit cards, and the originals and all
copies of all files, materials, and documents (whether in tangible or electronic form) containing confidential or proprietary information
or relating to the business of the Company or any of its affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
shall not, at any time on or after the Termination Date, directly or indirectly use, access, or in any way alter or modify any
of the databases, e-mail systems, software, computer systems, or hardware or other electronic, computerized, or technological systems
of the Company or any of its affiliates. Executive acknowledges that any such conduct by Executive would be illegal and would subject
Executive to legal action by the Company, including claims for damages and/or appropriate injunctive relief.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Admissions.</B> The Company denies that the Company or any of its affiliates, or any of their employees or agents, has taken any
improper action against Executive, and this Agreement shall not be admissible in any proceeding as evidence of improper action
by the Company or any of its affiliates or any of their employees or agents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Confidentiality
of Agreement.</B> Executive shall keep the existence and the terms of this Agreement confidential, except for Executive&rsquo;s
immediate family members and Executive&rsquo;s legal and tax advisors in connection with services related hereto and except as
may be required by law or in connection with the preparation of tax returns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Waiver.</B>
The Company&rsquo;s waiver of a breach of this Agreement by Executive shall not be construed or operate as a waiver of any subsequent
breach by Executive of the same or of any other provision of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Governing
Law. </B>This Agreement shall be governed by and construed under the laws of the State of Kansas, without regard to principles
of conflict of laws (whether in the State of Kansas or any other jurisdiction) that would cause the application of the laws of
any jurisdiction other than the State of Kansas.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legal
Fees.</B> In the event that either Party commences mediation, arbitration, litigation, or any similar action to enforce or protect
such Party&rsquo;s rights in accordance with and under this Agreement, the prevailing Party in any such action shall be entitled
to recover reasonable attorneys&rsquo; fees and costs (including the costs of experts, evidence, and counsel) and other costs relating
to such action, in addition to all other entitled relief, including damages and injunctive relief.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entire
Agreement.</B> This Agreement sets forth the entire agreement of the Parties regarding the subject matter hereof, and shall be
final and binding as to all claims that have been or could have been advanced on behalf of Executive pursuant to any claim arising
out of or related in any way to Executive&rsquo;s employment with the Company and the termination of that employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Counterparts.</B>
This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Successors.</B>
This Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enforcement.</B>
The provisions of this Agreement shall be regarded as divisible and separable and if any provision should be declared invalid or
unenforceable by a court of competent jurisdiction, the validity and enforceability of the remaining provisions shall not be affected
thereby. If the scope of any restriction or requirement contained in this Agreement is too broad to permit enforcement of such
restriction or requirement to its full extent, then such restriction or requirement shall be enforced to the maximum extent permitted
by law, and Executive hereby consents that any court of competent jurisdiction may so modify such scope in any proceeding brought
to enforce such restriction or requirement. In addition, Executive stipulates that breach by Executive of restrictions and requirements
under this Agreement will cause irreparable damage to the Releasees in the case of Executive&rsquo;s breach and that the Company
would not have entered into this Agreement without Executive binding Executive to these restrictions and requirements. In the event
of Executive&rsquo;s breach of this Agreement, in addition to any other remedies the Company may have, and without bond and without
prejudice to any other rights and remedies that the Company may have for Executive&rsquo;s breach of this Agreement, the Company
shall be relieved of any obligation to provide Severance Payments and shall be entitled to an injunction to prevent or restrain
any such violation by Executive and all persons directly or indirectly acting for or with Executive. Executive stipulates that
the restrictive period for which the Company is entitled to an injunction shall be extended in for a period that equals the time
period during which Executive is or has been in violation of the restrictions contained herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Construction.</B>
In this Agreement, unless otherwise stated, the following uses apply: (a)&nbsp;references to a statute refer to the statute and
any amendments and any successor statutes, and to all regulations promulgated under or implementing the statute, as amended, or
its successors, as in effect at the relevant time; (b)&nbsp;in computing periods from a specified date to a later specified date,
the words &ldquo;from&rdquo; and &ldquo;commencing on&rdquo; (and the like) mean &ldquo;from and including, &ldquo; and the words
&ldquo;to,&rdquo; &ldquo;until,&rdquo; and &ldquo;ending on&rdquo; (and the like) mean &ldquo;to, and including&rdquo;; (c)&nbsp;references
to a governmental or quasi-governmental agency, authority, or instrumentality also refer to a regulatory body that succeeds to
the functions of the agency, authority, or instrumentality; (d)&nbsp;indications of time of day are based upon the time applicable
to the location of the principal headquarters of the Company; (e)&nbsp;the words &ldquo;include,&rdquo; &ldquo;includes,&rdquo;
and &ldquo;including&rdquo; (and the like) mean &ldquo;include, without limitation,&rdquo; &ldquo;includes, without limitation,&rdquo;
and &ldquo;including, without limitation,&rdquo; (and the like) respectively; (f)&nbsp;all references to preambles, recitals, sections,
and exhibits are to preambles, recitals, sections, and exhibits in or to this Agreement; (g)&nbsp;the words &ldquo;hereof,&rdquo;
&ldquo;herein,&rdquo; &ldquo;hereto,&rdquo; &ldquo;hereby,&rdquo; &ldquo;hereunder,&rdquo; (and the like) refer to this Agreement
as a whole (including exhibits); (h)&nbsp;any reference to a document or set of documents, and the rights and obligations of the
parties under any such documents, means such document or documents as amended from time to time, and all modifications, extensions,
renewals, substitutions, or replacements thereof; (i)&nbsp;all words used shall be construed to be of such gender or number as
the circumstances and context require; (j)&nbsp;the captions and headings of preambles, recitals, sections, and exhibits appearing
in or attached to this Agreement have been inserted solely for convenience of reference and shall not be considered a part of this
Agreement, nor shall any of them affect the meaning or interpretation of this Agreement or any of its provisions; and (k)&nbsp;all
accounting terms not specifically defined herein shall be construed in accordance with GAAP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
Cooperation.</B> In connection with any and all claims, disputes, negotiations, governmental, internal or other investigations,
lawsuits, or administrative proceedings (the &ldquo;<B>Legal Matters</B>&rdquo;) involving the Company or any affiliate, or any
of their current or former officers, employees or board members (collectively, the &ldquo;<B>Disputing Parties</B>&rdquo; and,
individually, each a &ldquo;<B>Disputing Party</B>&rdquo;), Executive shall make himself reasonably available, upon reasonable
notice from the Company and without the necessity of subpoena, to provide information and documents, provide declarations and statements
regarding a Disputing Party, meet with attorneys and other representatives of a Disputing Party, prepare for and give depositions
and testimony, and otherwise cooperate in the investigation, defense, and prosecution of any and all such Legal Matters, as may,
in the good faith and judgment of the Company, be reasonably requested. The Company shall consult with Executive and make reasonable
efforts to schedule such assistance so as not to materially disrupt Executive&rsquo;s business and personal affairs. The Company
shall reimburse all reasonable expenses incurred by Executive in connection with such assistance, including travel, meals, rental
car, and hotel expenses, if any; <I>provided</I> such expenses are approved in advance by the Company and are documented in a manner
consistent with expense reporting policies of the Company as may be in effect from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>


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<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"><FONT STYLE="font-variant: small-caps"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>In
witness whereof</B></FONT><B>,</B> the Parties have duly executed this Agreement as of the dates set forth below their respective
signatures below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></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="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-variant: small-caps"><B>LANDMARK BANCORP, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 43%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">Print Name:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Date:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></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="text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-variant: small-caps"><B>EXECUTIVE</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: left"><FONT STYLE="font-variant: small-caps">B</FONT>y:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid; width: 43%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">Print Name:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Date:</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>8
<FILENAME>v363534_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<HEAD>
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<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><img src="tlogoex99-1.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>PRESS RELEASE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Contacts:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Patrick L. Alexander</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Chairman and Chief Executive Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Mark A. Herpich</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Chief Financial Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>(785) 565-2000</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>For Immediate Release</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>December 20, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">LANDMARK BANCORP, INC. ANNOUNCES EXECUTIVE
TRANSITION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Scheopner Assumes CEO Role</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; text-indent: 0.5in"><B>Manhattan, Kan.</B> &ndash; Patrick Alexander,
Chairman and CEO of Landmark Bancorp, Inc. (the &ldquo;Company&rdquo;) and Landmark National Bank (&ldquo;Landmark&rdquo;), today
announced he will leave his role of CEO effective January 1, 2014. Mr. Alexander will remain as the Chairman of the Board of the
Company and Landmark. Mr. Alexander also announced that Michael Scheopner, who currently serves as President of the Company and
Landmark, has been elected by the board of directors as the Company and Landmark&rsquo;s new Chief Executive Officer, effective
January 1, 2014.</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">&ldquo;I will remain involved as an active
Chairman of the Board with ongoing responsibilities and participation within the organization,&rdquo; said Mr. Alexander. &ldquo;I
am excited to be focusing the majority of my time assisting in the integration and assimilation of the former Citizens Bank organization,
which we acquired on November 1, 2013, into Landmark. I will also be active in business development throughout our markets and
take a lead role in exploring other potential acquisitions and growth opportunities.&rdquo;</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">From 1986 to 1990, Mr. Alexander served
as President of the Kansas State Bank of Manhattan. He became President and Chief Executive Officer of the Manhattan Federal Savings
and Loan Association in 1990. Mr. Alexander was appointed the President and Chief Executive Officer of MNB Bancshares in 1992 and
President and CEO of Security National Bank in 1993. In October 2001, Security National Bank merged with Landmark Federal Savings
Bank and became known as Landmark National Bank, and Mr. Alexander was appointed as the President and Chief Executive Officer.</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-top: 0pt; text-align: center; margin-bottom: 0pt">-more-</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; text-indent: 0.5in">Mr. Scheopner has been President of the
Company and Landmark since May 2013. Prior to his appointment as President, Mr. Scheopner had served as an Executive Vice President
and Credit Risk Manager for Landmark since October 2001. He also originated from the Security National Bank organization serving
as a Senior Vice President from May 1996 to March 1998, and as Executive Vice President from March 1998 to October 2001. In addition
to his appointment as Chief Executive Officer of the Company and Landmark, Mr. Scheopner also serves as a director and President
of the Company and Landmark.</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">Mr. Alexander stated, &ldquo;Michael Scheopner
has played a key role in the growth and success of our organization. He is an outstanding selection to be our new Chief Executive
Officer and will insure that Landmark continues its tradition of providing exceptional community banking services to our markets
and enhanced value to our shareholders.&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">Landmark Bancorp, Inc.
is listed on the NASDAQ Global Market under the symbol &ldquo;LARK.&rdquo; Headquartered in Manhattan, Kansas, Landmark National
Bank is a community banking organization dedicated to providing quality financial and banking services. Landmark National Bank
has 30 locations in 23 communities across Kansas: Manhattan (2), Auburn, Dodge City (2), Fort Scott (3), Garden City, Great Bend
(2), Hoisington, Iola, Junction City, Kincaid, LaCrosse, Lawrence (2), Lenexa, Louisburg, Mound City, Osage City, Osawatomie, Overland
Park, Paola, Pittsburg, Topeka (2), Wamego, and Wellsville, Kansas. Visit www.banklandmark.com for more information.</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-top: 0pt; margin-bottom: 0pt; text-align: center">###</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
