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Termination by Operation of Law. This Agreement may be terminated by any Party hereto if
there shall be any statute, rule or regulation that renders consummation of the transactions
contemplated by this Agreement (the “Contemplated Transactions) illegal or otherwise
prohibited, or a court of competent jurisdiction or any government (or governmental authority)
shall have issued an order, decree or ruling, or has taken any other action restraining, enjoining
or otherwise prohibiting the consummation of such transactions and such order, decree, ruling
or other action shall have become final and nonappealable.

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Termination by Operation of Law. Subject to Section 10.4, this Agreement shall immediately
and automatically terminate should either Party (a) become insolvent; (b) enter into or file a
petition, arraignment or proceeding seeking an order for relief under the bankruptcy laws of its
respective jurisdiction; (c) enter into a receivership of any of its assets or (d) enter into a
dissolution or liquidation of its assets or an assignment for the benefit of its creditors.

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Termination by Operation of Law. The obligations of such Selling Stockholder hereunder shall
not be terminated by operation of law (whether by death or incapacity of any individual Selling
Stockholder or, in the case of an estate or trust Selling Stockholder, by the death or incapacity
of any executor or trustee thereof or the termination of such trust or estate, or in the case of a
partnership or corporation Selling Stockholder, by the dissolution or liquidation of such
partnership or corporation, or by the occurrence of any other event); and if any individual
Selling Stockholder or trustee or executor of any estate or trust Selling Stockholder should die
or become incapacitated, if any estate or trust Selling Stockholder should be terminated, if any
partnership or corporation Selling Stockholder should be dissolved or liquidated or if any other
event should occur before the delivery of the Stock to the Placement Agent hereunder,
certificates for the Stock to be sold by such Selling Stockholder shall be delivered on behalf of
such Selling Stockholder in accordance with the terms and conditions of this Agreement

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Termination by Operation of Law. The Executive's employment with the Bank shall terminate:

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Termination by Operation of Law. This Agreement may be terminated by any Party hereto if
there shall be any statute, rule or regulation issued by a Governmental Entity of competent
jurisdiction that renders consummation of the transactions contemplated by this Agreement
(the

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Termination by Operation of Law. Notwithstanding the previous paragraph in this Article 7, the
Company may amend or terminate this Agreement at any time if, pursuant to legislative,
judicial or regulatory action, continuation of the Agreement would (i) cause benefits to be
taxable to the Executive prior to actual receipt and the Executive requests such termination, or,
(ii) result in significant financial penalties or other significantly detrimental ramifications to the
Company (other than the financial impact of paying the benefits). In the event of a termination
of the Agreement under this Section 7.2, the Company shall pay to the Executive a single lump-
sum payment equaling one hundred percent (100%) of the Salary Continuation Accrual one
hundred eighty (180) days from termination of the Agreement.

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Termination by Operation of Law. 32 - ii -

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Termination by Operation of Law. 44 - 2 -

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Termination by Operation of Law. Notwithstanding the provisions above, this Agreement will
terminate automatically and without notice from either party int he event of the occurrence of
any of the following:

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Termination by Operation of Law. The Employee's employment with the Employer shall
terminate:

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