The purpose of this Landmark Bancorp, Inc. 2015 Stock Incentive Plan is to promote the long-term financial success of Landmark Bancorp, Inc. and its Subsidiaries by providing a means to attract, retain, and reward individuals who can and do contribute to such success, and to further align their interests with those of the Stockholders. The “ Effective Date ” of the Plan is May, 20, 2015, the date of the approval of the Plan by the Stockholders. The Plan shall remain in effect as long as any Awards are outstanding; provided, however, that no Awards may be granted after the ten (10)-year anniversary of the Effective Date.