AMENDED AND RESTATED SEVERANCE AGREEMENT
This Amended and Restated Severance Agreement is made and entered into as of this 5th day of March, 1998
by and between The Adams National Bank, a national banking association (the "Bank"), and Melrose M. Nathan
R E C I T A L S
A. The Board of Directors of the Bank believes that the Executive is a critically important member of the
management of the Bank upon whose continuing services the Bank depends and will depend for its future growth
B. The Board of Directors desires to assure itself of the uninterrupted and unimpaired performance and loyalty of
the Executive to the Bank in the event of any actual or proposed Change in Control of the Bank or its parent,
Abigail Adams National Bancorp, Inc. (the "Company").
C. Events occurring after the failure to obtain stockholder approval of the acquisition of Ballston Bancorp have
increased the degree of uncertainty as to future job security for the Executive.
D. The Board of Directors believes that the interests of the Bank and the Company will best be served by
providing the Executive with economic assurances which will help to relieve her of uncertainty about her personal
economic interests in the event of any actual or proposed change in control, and thereby permit her to devote her
uninterrupted attention to the continued performance of her duties to the Bank.
NOW, THEREFORE, IT IS AGREED:
1. Definitions. For Purposes of this Agreement, the following terms have the meanings indicated:
(a) "Change in Control" means any of the following events:
(i) when the Company or the Bank acquires actual knowledge that any person (as such term is used in Section 13
(d) and 15(d)(2) of the Securities and Exchange Act of 1934 (the "Exchange Act")), other than an employee
benefit plan established or maintained by the Company or the Bank, is or becomes the beneficial owner (as
defined in Rule 13d-3 of the Exchange Act) directly or indirectly, or record owner of secur