EXHIBIT 10.6
                            Old Line Bancshares, Inc.
                                  Old Line Bank
                         Board of Directors Compensation

         Director compensation for Old Line Bancshares, Inc. and Old Line Bank
is established by their respective Boards of Directors or the Compensation
Committees of their respective Boards of Directors and is periodically reviewed
and amended.

Cash Compensation
-----------------

         Effective January 1, 2005, the Old Line Bank has established a new
policy for director cash compensation.

         For 2005, each non-employee director of Old Line Bank, other than the
Chairman of the Board and the Vice Chairman of the Board, will receive $400 for
each attended meeting of the Board of Directors, and $200 for each attended
meeting of the Asset & Liability Committee, the Loan/Loan Review Committee, the
Real Estate Committee and the Nominating Committee, and $300 for each attended
meeting of the Audit Committee and the Compensation Committee. Each non-employee
director of Old Line Bank, other than the Chairman of the Board and the Vice
Chairman of the Board, also will receive a $250 quarterly retainer. The Chairman
of the Board will receive annual compensation of $30,000 and the Vice Chairman
will receive annual compensation of $15,000. Old Line Bank reserves the right to
change these amounts.

         Old Line Bancshares, Inc. has not paid cash remuneration, direct or
otherwise, to its directors since its incorporation. It is expected that unless
and until Old Line Bancshares, Inc. becomes actively involved in additional
businesses other than owning all the capital stock of Old Line Bank, no separate
cash compensation will be paid to the directors of Old Line Bancshares, Inc. in
addition to that paid to them by Old Line Bank in their capacities as directors
of Old Line Bank. Old Line Bancshares, Inc. reserves the right to change this
policy.

Equity Compensation
-------------------

         In addition to cash compensation, since 1997, Old Line Bancshares, Inc.
or Old Line Bank (prior to Old Line Bank's reorganization into the holding
company structure) has granted options in December of each year to its
non-employee directors. Historically, each non-employee director was granted an
option to purchase 750 shares. For 2004, Old Line Bancshares, Inc. increased the
750 amount to 1,000, and intends to grant options to purchase 1,000 shares of
its common stock to its non-employee directors in December 2005. It is
anticipated that the options will be granted at fair market value, will be
exercisable immediately, and will expire on the tenth anniversary of the grant
date. It is also anticipated that the options will terminate (if not exercised)
on the first anniversary of the termination of the director's service on the
Board of Directors. Old Line Bancshares, Inc. reserves the right to change this
policy.