THE ADAMS NATIONAL BANK
THIS GRANTOR TRUST AGREEMENT, is made by and between The Adams National Bank, a national
banking association, (the "Employer"), and NationsBank, N.A. (the "Trustee"), and is effective March 4, 1998.
WHEREAS, the Employer has entered into severance agreements with six key employees effective March 5,
1998 and a letter agreement with Kate Carr effective March 5, 1998 (the "Agreements"), copies of which are
attached hereto as Exhibit A; and
WHEREAS, the Employer deems it advisable to adopt a grantor trust in connection with the Agreements; and
WHEREAS, the Employer desires the Trustee to hold and administer the Trust Fund under this Trust Agreement;
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties
hereto agree as follows:
ESTABLISHMENT OF THE TRUST
(a) Agreement or Agreements. The term "Agreement" or "Agreements" means the (i) severance agreements
entered into between the Bank and Alexander Beltran, Devin Blum, Joyce Hertz, Kimberly Levine, Melrose
Nathan and Bijan Partovi (ii) the letter agreement entered into between the Bank and Kate Carr which sets forth
the terms and conditions of the receipt of a Severance Payment and (iii) the original Employment Agreement
dated as of February 20, 1996 and amended as of March 29, 1996 and the Amendment To Employment
Agreement entered into as of March 5, 1998, between the Employer, the Abigail Adams National Bancorp, Inc.,
and Barbara Davis Blum which sets forth the terms and conditions of the receipt of a Severance Payment.
(b) Board of Directors. The term "Board of Directors" means the Board of Directors of the Employer.
(c) Executive. The term "Executive" means those individuals who are listed on the attached Exhibit B.
(d) Executive Account. The term "Executive Account" means the separate sub-account established for each
Executive pursuant to the terms of this Trust Ag