Harbor Federal Bancorp Inc Watch

from 10KSB40 ~10 pages Material contract

from 10KSB40 1 page Harbor Federal Savings Bank Supplemental Executive Retirement Agreement for Robert A. Williams 1999 Amendment Whereas, Harbor Federal Savings Bank (The "Bank") Has Entered Into a Supplemental Executive Retirement Agreement (The "Agreement") With Robert A. Williams (The "Executive"), and the Bank's Board of Directors and the Executive Have Agreed to Amend the Agreement in the Manner Set Forth Herein. Now, Therefore, the Agreement Shall Be Amended a Follows, Pursuant to Article XI Thereof, Effective May 24, 1999: 1. Article VI of the Agreement Shall Be Amended by Adding the Following Paragraph at the End Thereof as Follows: Notwithstanding Any Provision of the Agreement to the Contrary, the Executive May at Any Time Irrevocably Elect, on the Form Attached Hereto as Exhibit "A" (The "Election Form"), to Surrender All or Part of His Vested Benefits Under the Agreement in Consideration of Receiving a Deferred Share Award, of Equivalent Value, Pursuant to the Harbor Federal Bancorp, Inc. 1999 Stock Incentive Plan. in Addition, the Executive May Also Irrevocably Elect on the Election Form to Cease to Accrue Future Benefits Under This Agreement and Instead to Accrue Future Deferred Share Awards Under the Harbor Federal Bancorp, Inc. 1999 Stock Incentive Plan. Wherefore, the Undersigned Hereby Execute This 1999 Amendment to the Agreement on May 24, 1999. Harbor Federal Savings Bank Witnessed By: /S/ Deborah A. Epps By: /S/ J. Kemp Roche - a Director Other Than Robert A. Williams Executive Witnessed By: /S/ Deborah A. Epps /S/ Robert A. Williams - Robert A. Williams

from 10KSB40 1 page Harbor Federal Savings Bank Retirement Plan for Non-Employee Directors 1999 Amendment Whereas, Harbor Federal Savings Bank (The "Bank") Maintains the Harbor Federal Savings Bank Retirement Plan for Non-Employee Directors (The "Plan"); and Whereas, the Bank's Board of Directors Has Determined That It Is in the Best Interests of the Bank and the Plan Participants to Amend the Plan in the Manner Set Forth Herein. Now, Therefore, the Plan Shall Be Amended as Follows, Pursuant to Article XI Thereof, Effective May 24, 1999: 1. Article VI of the Plan Shall Be Amended by Adding the Following Paragraph at the End Thereof as Follows: Notwithstanding Any Provision of the Plan to the Contrary, Each Participant May at Any Time Irrevocably Elect, on the Form Attached Hereto as Exhibit "A" (The "Election Form"), to Surrender All or Part of His Vested Benefits Under the Plan in Consideration of Receiving a Deferred Share Award, of Equivalent Value, Pursuant to the Harbor Federal Bancorp, Inc. 1999 Stock Incentive Plan. in Addition, Each Participant May Also Irrevocably Elect on the Election Form to Cease to Accrue Future Benefits Under This Plan and Instead to Accrue Future Deferred Share Awards Under the Harbor Federal Bancorp, Inc 1999 Stock Incentive Plan Rather Than Under the Plan. Wherefore, the Undersigned Hereby Execute This 1999 Amendment to the Plan on May 24, 1999. Harbor Federal Savings Bank Witnessed By: /S/ Deborah A. Epps By: /S/ J. Kemp Roche - a Director Other Than Robert A. Williams

from 10KSB40 ~20 pages Material contract

from 10KSB40 ~20 pages Material contract

from 10KSB40 1 page <page> Harbor Federal Bancorp, Inc. Incentive Compensation Plan 1998 Amendment Whereas, Harbor Federal Bancorp, Inc. (The "Company") Maintains the Harbor Federal Bancorp, Inc. Incentive Compensation Pan (The "Plan"), and the Company's Board of Directors Has Determined That the Plan Should Be Amended in the Manner Set Forth Herein. Now, Therefore, Pursuant to Section 6.01 of the Plan, the Plan Is Hereby Amended as Follows, Effective March 30, 1998. 1. Section 6.01 of the Plan Shall Be Amended by Adding the Following Sentence Immediately at the End Thereof: In the Event of a Change in Control, Each Employee Who Is a Participant on the Date of the Change in Control Shall Be Entitled to Receive Benefits for the Plan Year in Which the Change in Control Closes in an Amount Not Less Than the Product of (I) a Fraction With a Numerator Equal to the Number of Days During Which the Plan Was in Effect During the Plan Year, and a Denominator Equal to 365, and (II) the Highest Benefits Paid to the Participant During the Preceding Three Plan Years. 2. Nothing Contained Herein Shall Be Held to Alter, Vary or Affect Any of the Terms, Provisions, or Conditions of the Plan, Other Than as Stated Above. Wherefore, on This 30th Day of March, 1998, the Company Hereby Executes This 1998 Amendment to the Plan. Harbor Federal Bancorp, Inc. Witnessed By: /S/ Janet L. Hatfield by /S/ Robert A. Williams - Its Chairman of the Board

from 10KSB40 ~5 pages Material contract

from 10KSB40 1 page Material contract

from 10KSB40 1 page Material contract

from 10KSB40 ~10 pages Material contract

from 10KSB40 ~5 pages Material contract

from 10KSB40 ~5 pages Material contract