2006 Executive Stock Bonus Plan

Exhibit 10.1 FENTURA FINANCIAL, INC. 2006 EXECUTIVE STOCK BONUS PLAN Section 1. Title. This plan shall be known as the " Fentura Financial, Inc. 2006 Executive Stock Bonus Plan" and is referenced to herein as the " Plan." Section 2. Adoption of the Plan. The Plan was approved by the Board of Directors (" Board" ) of Fentura Financial, Inc. (the " Company" ) on November 30, 2006. Section 3. Administration. The Plan shall be administered by the Board, or if the Board so directs, the Compensation Committee of the Board. The Board shall designate a plan administrator who shall have the power to devise and implement rules and procedures for the operation of the Plan, and to interpret and otherwise implement the Plan in all respects. Section 4. Eligible Employees. Any executive or managerial level employees of the Company or any of its subsidiaries at the time of a grant hereunder is automatically eligible to receive grants under this Plan. Section 5. Grants. The administrator of the Plan shall have the authority to, from time to time as it deems advisable, make grants of shares of the Company' s Common Stock to Eligible Employees for compensatory purposes. In so doing, the administrator will have full latitude and discretion as to whether or when, if ever, to make grants and as to any and all matters incident to such grants, including (a) the selection of Eligible Employees to receive grants, (b) the criteria, objective or subjective, to be used in deciding whether, when or to what extent to make grants, (c) restrictive terms of grants (such as vesting periods, restrictions on resale abilities, etc), and (d) any and all other terms of grants. No prior action by the administrator shall serve as binding precedent or custom in respect of any future decisions under th ...