<SEC-DOCUMENT>0001171843-17-003469.txt : 20170605
<SEC-HEADER>0001171843-17-003469.hdr.sgml : 20170605
<ACCEPTANCE-DATETIME>20170605170015
ACCESSION NUMBER:		0001171843-17-003469
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20170601
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170605
DATE AS OF CHANGE:		20170605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ConnectOne Bancorp, Inc.
		CENTRAL INDEX KEY:			0000712771
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				521273725
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11486
		FILM NUMBER:		17891923

	BUSINESS ADDRESS:	
		STREET 1:		301 SYLVAN AVENUE
		CITY:			ENGLEWOOD CLIFFS
		STATE:			NJ
		ZIP:			07632
		BUSINESS PHONE:		2018168900

	MAIL ADDRESS:	
		STREET 1:		301 SYLVAN AVENUE
		CITY:			ENGLEWOOD CLIFFS
		STATE:			NJ
		ZIP:			07632

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENTER BANCORP INC
		DATE OF NAME CHANGE:	19920703
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C.&nbsp;&nbsp;20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">the Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):&nbsp;<U>June
1, 2017</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red"><img src="logo.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>CONNECTONE BANCORP, INC.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of Company as specified in its
charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 41%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>New Jersey</U></B></FONT></TD>
    <TD STYLE="width: 19%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>001-11486</U></B></FONT></TD>
    <TD STYLE="width: 40%; text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>52-1273725</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">of incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Identification No</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt"><B>301 Sylvan Avenue</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>Englewood Cliffs, New Jersey</U></B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-decoration: underline; text-align: center"><FONT STYLE="font-size: 10pt"><B><U>07632</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Address of principal executive offices)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Company's telephone number, including area
code&nbsp;&nbsp;<U>(201) 816-8900</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[ &nbsp;] Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[&nbsp; ] Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[&nbsp; ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">[&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&sect;240.12b-2 of this chapter). Emerging growth company&nbsp;[ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. [ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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    <TD STYLE="width: 10%"><FONT STYLE="font-size: 10pt"><B>Item 5.02</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 88%"><FONT STYLE="font-size: 10pt"><B>Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Executive Officer Employment Agreements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 1, 2017, the Registrant and ConnectOne
Bank (the &ldquo;Bank&rdquo;), the Registrant&rsquo;s wholly owned subsidiary and a New Jersey state chartered commercial bank
(collectively, the &ldquo;Employer&rdquo;), entered into (i) a Second Amended and Restated Employment Agreement with Frank S. Sorrentino,
the Registrant&rsquo;s Chairman, Chief Executive Officer and President; (ii) an Amended and Restated Employment Agreement with
William S. Burns, the Registrant&rsquo;s Executive Vice President and Chief Financial Officer; (iii) an Employment Agreement with
Elizabeth Magennis, the Registrant&rsquo;s Executive Vice President and Chief Lending Officer; and (iv) an Employment Agreement
with Christopher J. Ewing, the Registrant&rsquo;s Executive Vice President and Chief Operations Officer (collectively, the &ldquo;Executive
Agreements&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Term</I>. The Executive Agreements are
effective immediately and have an initial term of three years with automatic one year extensions, unless terminated sooner by either
party in accordance with the Executive Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Compensation</I>. Under each of the
Executive Agreements, the executives will be entitled to receive annual base salary amounts as follows: Mr. Sorrentino: $735,000;
Mr. Burns: $381,000; Ms. Magennis: $352,000 and Mr. Ewing: $310,000. Each executive is eligible to participate in the Employer&rsquo;s
incentive plans as are made available to the Employer&rsquo;s executive officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-weight: normal">Benefits<FONT STYLE="font-style: normal">.
The executives are entitled to a cash allowance in the amount of $1,250 per month (in the case of Mr. Sorrentino) and $750 per
month (in the case of each of Mr. Burns, Ms. Magennis and Mr. Ewing) for an automobile for use in connection with the Employer&rsquo;s
business.</FONT></FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Severance Payments</I>. If the executive&rsquo;s
employment with the Employer terminates due to a termination without &ldquo;cause&rdquo; or resignation for &ldquo;good reason,&rdquo;
and the executive executes a general release of claims in favor of the Employer, the executive will receive: (i) a lump sum cash
payment equal to two and a half (2.5) times (in the case of Messrs. Sorrentino and Burns), one and a half (1.5) times (in the case
of Ms. Magennis) and three-fourths (0.75) times (in the case of Mr. Ewing) the sum of the executive&rsquo;s current base salary
and target cash bonus; (ii) a prorated bonus for the year of termination and (iii) continued health and welfare benefits for up
to 18 months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If such a termination occurs within two
years following a change in control of the Registrant, and the executive executes a general release of claims in favor of the Employer,
the executive will receive: (i) a lump sum cash payment equal to three (3) times (in the case of Messrs. Sorrentino and Burns),
two (2) times (in the case of Ms. Magennis) and one (1) times (in the case of Mr. Ewing) the sum of the executive&rsquo;s current
base salary and target cash bonus; (ii) a prorated bonus for the year of termination and (iii) continued health and welfare benefits
for up to 18 months.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event of any potential exposure
to excise taxes under Section 280G or 4999 of the Code, the Executive Agreements provide that such payments and benefits either
will be paid in full or reduced to a level such that the excise taxes are not imposed, whichever provides a better after-tax result
for the executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Restrictive Covenants</I>. Each of the
Executive Agreements provide that for one year following the termination of employment for any reason, the executive will not compete
with the Employer and will not solicit the Employer&rsquo;s employees, consultants, other service providers, clients or customers.
The Executive Agreements also contain standard perpetual confidentiality provisions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing summary of the Executive
Agreements is qualified in its entirety by reference to the agreements themselves, which are attached to this Current Report as
Exhibits 10.1, 10.2, 10.3 and 10.4, respectively, and which are incorporated by reference in their entirety into this Item 5.02.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following is filed as an Exhibit to this Current Report
on Form 8-K:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%; text-align: left"><B>Item 9.01</B></TD><TD STYLE="width: 2%"></TD><TD STYLE="text-align: justify; width: 88%"><B> Financial Statements and Exhibits</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(d) Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second
Amended and Restated Employment Agreement by and among ConnectOne Bancorp, Inc., ConnectOne Bank and Frank S. Sorrentino III dated
June 1, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amended
and Restated Employment Agreement by and among ConnectOne Bancorp, Inc., ConnectOne Bank and William S. Burns dated June 1, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employment
Agreement by and among ConnectOne Bancorp, Inc., ConnectOne Bank and Elizabeth Magennis dated June 1, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employment
Agreement by and among ConnectOne Bancorp, Inc., ConnectOne Bank and Christopher J. Ewing dated June 1, 2017</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the Company has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt"><B><U>CONNECTONE BANCORP, INC.</U></B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Dated: June 5, 2017</FONT></TD>
    <TD>By: </TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/&nbsp;&nbsp;William S. Burns</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><B>WILLIAM S. BURNS</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Executive Vice President and</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Financial Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">Exhibit 10.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">SECOND AMENDED
AND RESTATED EMPLOYMENT AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Second Amended and Restated Employment Agreement (the &ldquo;Employment
Agreement&rdquo;), executed as of this 1st day of June, 2017 (the &ldquo;Effective Date&rdquo;), by and between <B>FRANK S. SORRENTINO,
III </B>an individual residing at 12 Ninevah Place, Sag Harbor, NY 11963 (the &ldquo;Employee&rdquo;), <B>CONNECTONE BANK</B>,
a New Jersey state chartered commercial bank with its principal place of business located at 301 Sylvan Avenue, Englewood Cliffs,
NJ 07632 (the &ldquo;Bank&rdquo;), and <B>CONNECTONE BANCORP</B>, <B>INC</B>., a New Jersey corporation with its principal place
of business located at 301 Sylvan Avenue, Englewood Cliffs, NJ 07632 (the &ldquo;Company&rdquo;&#894; the Bank and the Company
sometimes collectively are referred to herein as &ldquo;Employer&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Board of Directors of the Bank and the Board of Directors of the Company have each determined that it is in the best interests
of each of the Bank and the Company to enter into this Agreement with the Employee, and each respective Board has authorized the
Bank and the Company to enter into this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Employee agrees to be employed pursuant to the terms and conditions of this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises and covenants contained herein, and with the intent to be legally bound hereby, the parties hereto
hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Employment</I>. The Company and the Bank hereby jointly agree to employ the Employee, and the Employee hereby
accepts such employment, upon the terms and conditions set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Position and Duties</I>. The Employee shall be employed, as Chairman, Chief Executive Officer and President of
the Company and the Bank, to perform such services in that capacity as are usual and customary for comparable institutions, all
other employees of the Company and the Bank shall report directly or indirectly to the Employee and the Employee shall report only
and directly to the Board of Directors of the Company and the Bank. In addition, the Employee shall annually be nominated for election
to the Boards of the Company and the Bank, and the Company, as the sole shareholder of the Bank, shall vote to elect the Employee
to the Board of the Bank. As President and Chief Executive Officer, the Employee shall have general executive powers to run the
operations of the Employer and carry out the dictates of the board of directors. The Employee shall have general supervision of
the business of the Employer, and shall prescribe the duties of the other officers and employees of the Employer. The Chief Executive
Officer shall have the authority to retain or terminate officers and employees of the corporation, subject to Board ratification
with regard to the Chief Financial Officer, Chief Lending Officer and Chief Credit Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Employee agrees
that he will devote his full business time and efforts to his duties hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Compensation</I>. The Employer shall pay to the Employee compensation for his services as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Base Salary</U>. The Employee shall be entitled to receive during his service hereunder a minimum annual base
salary (the &ldquo;Base Salary&rdquo;) of Seven Hundred Thirty Five Thousand ($735,000), which shall be payable in installments
in accordance with the Employer&rsquo;s usual payroll method. Annually commencing in 2018, the Board of Directors shall review
the Employee&rsquo;s performance, the status of the Employer and such other factors as the Board of Directors or a committee thereof
shall deem appropriate and shall increase, the Base Salary accordingly; provided, however, that the Base Salary shall not be reduced
unless such reduction is part of an overall reduction in salary applicable to all senior executive officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Incentive Plans</U>. The Employee shall be entitled to participate in the Employer&rsquo;s incentive plan for
executive officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Other Benefits</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Automobile</U>. The Employee shall be entitled to a cash allowance in the amount of one thousand two hundred and
fifty ($1,250) dollars per month to be used for the purpose of maintaining an automobile for use in the business of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Insurance Coverage and Employee Benefit Plans.</U> The Employee shall be entitled to receive hospital, health,
medical, and life insurance of a type currently provided to and enjoyed by other senior officers of the Employer, and shall be
entitled to participate in any other employee benefit, incentive or retirement plans offered by the Employer to its employees generally
or to its senior management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Expenses</U>. The Employee shall be entitled to reimbursement for all proper business expenses incurred by him
with respect to the business of the Employer upon the provision of documentation evidencing such expenses in accordance with the
Employer&rsquo;s expense reimbursement policies and in the same manner and to the same extent as such expenses are reimbursed to
other officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Vacation</U>. The Employee shall be entitled to vacations and other leave in accordance with the Employer&rsquo;s
policy for senior executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Term</I>. The term of this Agreement shall commence on the Effective Date and continue until the third anniversary
of the Effective Date (the &ldquo;Term&rdquo;)&#894; provided, however, that unless either party gives written notice at least
ninety (90) days prior to the anniversary of the Effective Date, this Agreement shall renew for one (1) additional year on each
such anniversary of the Effective Date, and such extended period shall be deemed to be included within the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Termination</I>. The Employee may be terminated at any time, without prejudice to the Employee&rsquo;s right to
compensation or benefits as provided herein. The Employee&rsquo;s rights upon a termination shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Cause</U>. For purposes of this Agreement, &ldquo;Cause&rdquo; with respect to the termination by the Employer
(as defined below) of the Employee&rsquo;s employment shall mean (i)&nbsp;willful and continued failure, for a period of at least
thirty (30) calendar days, by the Employee to perform his duties for the Employer under this Agreement after at least one (1) warning
in writing from the Compensation Committee of the Board of Directors of the Employer, or such person or body to which such body
may delegate such authority, identifying specifically any such failure, (ii)&nbsp;the willful engaging by the Employee in misconduct
which causes material injury to the Employer as specified in written notice to the Employee from the Compensation Committee of
the Board of Directors of the Employer, or such person or body to which such body may delegate such authority&#894; or (iii)&nbsp;conviction
of or a plea of nolo contendere to a crime (other than a traffic violation) which is either a felony or an indictable offense or
the Employee&rsquo;s habitual drunkenness, drug abuse, or excessive absenteeism other than due to Disability (as defined herein),
after a warning (with respect to drunkenness or absenteeism only) in writing from the Compensation Committee of the Board of Directors
of the Employer, or such person or body to which such body may delegate such authority to refrain from such behavior.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Good Reason</U>. For purposes of this Agreement, &ldquo;Good Reason&rdquo; with respect to the resignation by
the Employee shall mean (i) a material diminution in title, reporting duties or responsibilities of the Employee, (ii)&nbsp;a relocation
of the Employee&rsquo;s principal place of employment by more than fifty (50) miles from its location on the date of this Agreement,
(iii)&nbsp;a material breach by the Employer of Section 3 or 4 of this Agreement or (iv) any other action or inaction that constitutes
a material breach by the Employer of this Agreement; provided, however, that a resignation shall not be for &ldquo;Good Reason&rdquo;
unless the Employee provides the Employer with notice of existence of any condition that may constitute Good Reason within ninety
(90) calendar days of his initial knowledge of the existence thereof, the Employer has not cured the condition within thirty (30)
calendar days of such notice and the Employee resigns within ninety (90) calendar days after the lapse of the cure period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination with Cause</U>. The Employer shall have the right to terminate the Employee for &ldquo;cause&rdquo;.
In the event of such termination, the Employee shall only be entitled to salary and benefits accrued through the date of termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination without Cause or for Good Reason</U>. Upon a termination of the Employee&rsquo;s employment hereunder
without &ldquo;cause&rdquo;, or the Employee&rsquo;s resignation for &ldquo;good reason&rdquo;, in recognition of such termination
and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections 8, 9 and 10 hereof, the Employee shall be
entitled to receive a lump sum severance payment equal to two and one-half (2.5) times the sum of (i)&nbsp;his then current annual
Base Salary, and (ii)&nbsp;his then current target cash bonus. In addition, the Employee shall be entitled to receive a lump sum
payment equal to his bonus for the year in which his termination of employment occurs, prorated for the number of days the Employee
worked for the Company during the year of termination. Such bonus will be based on actual performance and will be paid at the time
annual bonuses for such year are ordinarily paid. This lump sum severance payment shall be made to the Employee in accordance with
the terms of Section&nbsp;11(g) hereof, and subject to Section&nbsp;11(f) hereof. In addition, the Employer shall continue to provide
the Employee with hospital, health, medical and life insurance, and any other like benefits in effect at the time of such termination,
on the terms and conditions under which they were offered to the Employee prior to such termination for a period of eighteen months.
In the event the Employer, under its insurance and benefit plans then in effect, is unable to provide the Employee with the benefits
provided for above under the terms provided for herein, then in lieu of providing such benefits, the Employer will pay an amount
equal, on an after tax basis, to the Employee&rsquo;s premium to continue such coverage pursuant to the terms of the Comprehensive
Omnibus Budget Reconciliation Act. The Employee shall have no duty to mitigate damages in connection with his termination by the
Employer without &ldquo;cause&rdquo; or the Employee&rsquo;s resignation for &ldquo;good reason&rdquo;. However, if the Employee
obtains new employment and such new employment provides for hospital, health, medical and life insurance, and other benefits, in
a manner substantially similar to the benefits payable by the Employer hereunder, the Employer may permanently terminate the duplicative
benefits it is obligated to provide hereunder. Following the cessation of the continuation of the Employee&rsquo;s hospital, health
and medical insurance, the Employee shall be permitted to elect to extend such insurance coverage under the policies maintained
by the Employer in accordance with the applicable provisions of the Section&nbsp;4980B of the Internal Revenue Code of 1986, as
amended (&ldquo;Code&rdquo;), and/or applicable state law, to the extent eligible to do so under the Code and such state law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Death or Disability.</U> This Agreement shall automatically terminate upon the death or Disability of the Employee.
Upon such termination, the Employee shall not be entitled to any additional compensation hereunder; provided, however, that the
foregoing shall not prejudice the Employee&rsquo;s right to be paid for all compensation earned through the date of such termination
and the benefits of any insurance programs maintained for the benefit of Employee or his beneficiaries in the event of his death
or Disability. For purposes hereof, Disability shall be defined to mean a disability under any long term disability plan of the
Employer then in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Board Action to Terminate.</U> Any determination by the Employer to terminate the Employee&rsquo;s employment
hereunder, whether with or without &ldquo;cause&rdquo;, shall only be effective if approved in a resolution adopted by at least
seventy-five percent (75%) of the total members of the Board of Directors of each of the Company and the Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Change in Control</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Upon the termination of the Employee&rsquo;s employment upon the occurrence of a Change in Control (as herein defined),
and in recognition of such termination and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections 8,
9 and 10 hereof, the Employee shall be entitled to receive the payments provided for under paragraph&nbsp;(c) hereof. In addition,
if within two (2) years of the occurrence of a Change in Control, the Employer or its successor shall terminate the Employee&rsquo;s
employment hereunder without &ldquo;cause&rdquo;, or the Employee resigns for &ldquo;good reason&rdquo;, in recognition of such
termination and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections&nbsp;8, 9 and 10 hereof, the
Employee shall have the right to resign his employment with the Employer or its successor and thereafter the Employee shall become
entitled to receive the payments provided for under paragraph&nbsp;(c) below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>A &ldquo;Change in Control&rdquo; shall mean:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">a reorganization, merger, consolidation or sale of all or substantially all of the assets of the
Company, or a similar transaction, in any case in which the holders of the voting stock of the Company prior to such transaction
do not hold (in substantially the same proportion) a majority of the voting power of the resulting entity (or an entity that wholly
owns the resulting entity)&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">individuals who constitute the Incumbent Board (as herein defined) of the Company cease for any
reason to constitute a majority thereof; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">any person becomes the beneficial owner of securities representing 25% or more of the combined
voting stock of the Company <I>other than</I> (1) the Employee or any group that includes the Employee or (2) an entity referred
to in the parenthetical to clause (b)(i) of this definition.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For these purposes,
&ldquo;Incumbent Board&rdquo; means the Board of Directors of the Company on the date hereof and any person who becomes a director
subsequent to the date hereof whose election was approved by a voting of at least three-quarters of the directors comprising the
Incumbent Board or whose nomination for election by members or stockholders was approved by the same nominating committee serving
under an Incumbent Board. <I>However</I>, the Incumbent Board will not include anyone who becomes a member of the Board of Directors
as a result of either (i) an actual or threatened election contest or proxy or consent solicitation on behalf of anyone other than
the Board of the Directors, including as a result of any appointment, nomination or other agreement intended to avoid or settle
a contest or solicitation, or (ii) agreement with any third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>In the event the conditions of Section&nbsp;(a) above are satisfied, the Employee shall be entitled to receive a
lump sum payment equal to three (3) times the sum of (i)&nbsp;the Employee&rsquo;s current annual Base Salary plus (ii)&nbsp;the
Employee&rsquo;s current target cash bonus. In addition, the Employee shall be entitled to receive a lump sum payment equal to
his bonus for the year in which his termination of employment occurs, prorated for the number of days the Employee worked for the
Company during the year of termination. Such bonus will be based on actual performance and will be paid at the time annual bonuses
for such year are ordinarily paid. The payments provided for hereunder shall be made in accordance with the terms of Section&nbsp;11(g)
hereof, and subject to Section&nbsp;11(f) hereof. In addition to the foregoing, the Employee shall be entitled to receive from
the Employer, or its successor, hospital, health, medical and life insurance on the terms and at the cost to the Employee as the
Employee was receiving such benefits upon the date of his termination. The Employer&rsquo;s obligation to continue such insurance
benefits will be for a period of eighteen (18) months from the effective date of the Change in Control. If any payments provided
for hereunder, when combined with any other payments due to the Employee contingent upon a Change in Control, constitute an &ldquo;excess
parachute payment&rdquo; under Section&nbsp;280G of the Code, the total payments will be reduced such that no portion of such payments
are subject to the excise tax under Section&nbsp;4999 of the Code <I>to the extent that</I>, after all applicable taxes, the Employee
retains more of the total payments after this reduction than if the full amount were payable. Payments will be reduced in such
manner as has the least economic effect on the Employee. In applying these principles, any reduction or elimination of the Payments
shall be made in a manner consistent with the requirements of Section 409A of the Code and where two economically equivalent amounts
are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.
Unless the Employer and the Employee otherwise agree in writing, any determination required under this Section 7(c) shall be made
in writing by a nationally-recognized accounting firm selected by the Employee (the &ldquo;Accountants&rdquo;), whose determination
will be conclusive and binding upon the Employee and the Employer for all purposes. For purposes of making the calculations required
by this Section 7(c), the Accountants (i) may make reasonable assumptions and approximations concerning applicable taxes, (ii)
may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code, and (iii)
shall take into account a &ldquo;reasonable compensation&rdquo; (within the meaning of Q&amp;A-9 and Q&amp;A-40 to Q&amp;A 44 of
the final regulations under Section 280G of the Code) analysis of the value of services provided or to be provided by the Employee,
including any agreement by the Employee (if applicable) to refrain from performing services pursuant to a covenant not to compete
or similar covenant applicable to the Employee that may then be in effect (including, without limitation, those contemplated by
Sections 8 and 9 of this Agreement). The Employer and the Employee agree to furnish to the Accountants such information and documents
as the Accountants may reasonably request in order to make a determination under this provision. The Employer shall bear all costs
the Accountants may reasonably incur in connection with any calculations contemplated by this provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Covenant Not to Compete</I>. As consideration for the benefits conferred upon the Employee hereunder, including,
but not limited to the Employee&rsquo;s right to severance under Section&nbsp;6(d) and to a change in control payment under Section&nbsp;7(c),
the Employee agrees that during the term of his employment hereunder and for a period of one (1) year after the termination of
his employment (the &ldquo;Covenant Term&rdquo;), provided that he is entitled to severance hereunder upon such termination, he
will not in any way, directly or indirectly, manage, operate, control, accept employment or a consulting position with or otherwise
advise or assist or be connected with or own or have any other interest in or right with respect to (other than through ownership
of not more than five percent (5%) of the outstanding shares of a corporation whose stock is listed on a national securities exchange
or on NASDAQ) any enterprise which competes with the Employer in the business of banking in the counties in which the Employer
conducts its business on the date of the Employee&rsquo;s termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Non Solicitation</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the period the
Employee is performing services for the Employer and for a period of one (1) year following the termination of the Employee&rsquo;s
services for the Employer for any reason, the Employee agrees that the Employee will not, directly or indirectly, for the Employee&rsquo;s
benefit or for the benefit of any other person, firm or entity, do any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">solicit or attempt to solicit from any customer that the Employee serviced or learned of while
in the employ of the Employer (&ldquo;Customer&rdquo;), or any potential customer of the Employer which has been the subject of
a known written or oral bid, offer or proposal by the Employer, or of substantial preparation with a view to making such a bid,
proposal or offer, within twelve (12) months prior to such Employee&rsquo;s termination (&ldquo;Potential Customer&rdquo;), business
of a similar nature or related to the business of the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">accept any business from, or perform any work or services for, any Customer or Potential Customer,
which business, work or services is similar to the business of the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">cause or induce or attempt to cause or induce any Customer, Potential Customer, licensor, supplier
or vendor of the Employer to reduce or sever its affiliation with the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iv)</FONT></TD><TD STYLE="text-align: justify">solicit the employment or services of, or hire or engage, or assist anyone else to hire or engage,
any person who was known to be employed or engaged by or was a known employee of or consultant to the Employer upon the termination
of the Employee&rsquo;s services to the Employer, or within twelve (12) months prior thereto&#894; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(v)</FONT></TD><TD STYLE="text-align: justify">otherwise interfere with the business or accounts of the Employer.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes hereof, &ldquo;solicitation&rdquo;
shall include directly or indirectly initiating any contact or communication of any kind whatsoever for purposes of inviting, encouraging
or requesting such Customer, Potential Customer, licensor, supplier, vendor, employee or consultant to materially alter its business
relationship, or engage in business, with the Employee or any person, firm or entity other than the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Confidential Information</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>As used herein, &ldquo;Confidential Information&rdquo; means any confidential or proprietary information relating
to the Employer and its affiliates including, without limitation, the identity of the Employer&rsquo;s customers, the identity
of representatives of customers with whom the Employer has dealt, the kinds of services provided by the Employer to customers,
the manner in which such services are performed or offered to be performed, the service needs of actual or prospective customers,
customer preferences and policies, pricing information, business and marketing plans, financial information, budgets, compensation
or personnel records, information concerning the creation, acquisition or disposition of products and services, vendors, software,
data processing programs, databases, customer maintenance listings, computer software applications, research and development data,
know-how and other trade secrets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the above, Confidential
Information does not include information which: (i)&nbsp;is or becomes public knowledge without breach of this Agreement&#894;
or (ii)&nbsp;is received by the Employee from a third party without any violation of any obligation of confidentiality and without
confidentiality restrictions&#894; provided, however, that nothing in this Agreement shall prevent the Employee from participating
in or disclosing documents or information in connection with any judicial or administrative investigation, inquiry or proceeding
to the extent that such participation or disclosure is required under applicable law&#894; provided further, however, that the
Employee will provide the Employer with prompt notice of such request so that the Employer may seek (with the cooperation of the
Employee, if so requested by the Employer), a protective order or other appropriate remedy and/or waiver in writing of compliance
with the provisions of this Agreement. If a particular portion or aspect of Confidential Information becomes subject to any of
the foregoing exceptions, all other portions or aspects of such information shall remain subject to all of the provisions of this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>At all times, both during the period of the Employee&rsquo;s services for the Employer and after termination of the
Employee&rsquo;s services, the Employee will keep in strictest confidence <FONT STYLE="color: windowtext">and trust all Confidential
Information and the Employee will not directly or indirectly use or disclose to any third-party any Confidential Information, except
as may be necessary in the ordinary course of performing the Employees duties for the Employer, or disclose any Confidential Information,
or permit or encourage any other person or entity to do so, without the prior written consent of the Employer except as may be
necessary in the ordinary course of performing the Employee&rsquo;s duties for the Employer. Notwithstanding anything to the contrary
in this Agreement or otherwise, nothing shall limit the Employee&rsquo;s rights under applicable law to provide truthful information
to any governmental entity or to file a change with or participate in an investigation conducted by any governmental entity. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="color: windowtext">The Employee is hereby notified that the immunity provisions in Section 1833 of title
18 of the United States Code provide that an individual cannot be held criminally or civilly liable under any federal or state
trade secret law for any disclosure of a trade secret that is made (1) in confidence to federal, state or local government officials,
either directly or indirectly, or to an attorney, and is solely for the purpose of reporting or investigating a suspected violation
of the law, (2) under seal in a complaint or other document filed in a lawsuit or other proceeding, or (3) to your attorney in
connection with a lawsuit for retaliation for reporting a suspected violation of law (and the trade secret may be used in the court
proceedings for such lawsuit) as long as any document containing the trade secret is filed under seal and the trade secret is not
disclosed except pursuant to court order.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="color: windowtext">The Employee agrees to return promptly all Confidential Information in tangible form,
including, without limitation, all photocopies</FONT>, extracts and summaries thereof, and any such information stored electronically
on tapes, computer disks, mobile or remote computers (including personal digital assistants) or in any other manner to the Employer
at any time that the Employer makes such a request and automatically, without request, within five (5) days after the termination
of the Employee&rsquo;s performance of services for the Employer for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Miscellaneous</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law</U>. In the absence of controlling Federal law, this Agreement shall be governed by and interpreted
under the substantive law of the State of New Jersey.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. If any provision of this Agreement shall be held to be invalid, void or unenforceable, the remaining
provisions hereof shall in no way be affected or impaired, and such remaining provisions shall remain in full force and effect.
If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would
become valid or enforceable, then such provision shall be deemed to be written, construed and enforced as so limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Entire Agreement&#894; Amendment</U>. This Agreement sets for the entire understanding of the parties with regard
to the subject matter contained herein and supersedes any and all prior agreements, arrangements or understandings relating to
the subject matter hereof and may only be amended by written agreement signed by both parties hereto or their duly authorized representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Successors and Assigns</U>. This Agreement shall be binding upon and become the legal obligation of the successors
and assigns of the Employer and shall inure to the benefit of the Employee&rsquo;s estate, heirs and representatives in the event
of his death or Disability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Clawback and Recoupment</U>. Any amounts paid the Employee hereunder shall be subject to any generally applicable
clawback or recoupment policy adopted by the Employer, or the requirements of any law or regulation applicable to the Employer
and governing the clawback or recoupment of executive compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Section&nbsp;409A Compliance</U>. If the Employee is a &ldquo;specified employee&rdquo; for purposes of Section&nbsp;409A
of the Code, to the extent required to comply with Section&nbsp;409A of the Code, any payments required to be made pursuant to
this Agreement which are deferred compensation and subject to Section&nbsp;409A of the Code (and do not qualify for an exemption
thereunder) shall not commence until one day after the day which is six (6) months from the date of termination. Should this Section&nbsp;11(f)
result in a delay of payments to the Employee, on the first day any such payments may be made without incurring a penalty pursuant
to Section&nbsp;409A (the &ldquo;409A Payment Date&rdquo;), the Employer shall begin to make such payments as described in this
Section&nbsp;11(f), provided that any amounts that would have been payable earlier but for application of this Section&nbsp;11(f)
shall be paid in lump-sum on the 409A Payment Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Release</U>. All payments and benefits under Sections&nbsp;6(c) or 7(c) hereof shall be contingent upon the Employee
executing a general release of claims in favor of the Employer, its subsidiaries and affiliates, and their respective officers,
directors, shareholders, partners, members, managers, agents or employees, in the form attached hereto as Exhibit&nbsp;A, and which
must be executed by the Employee no later than the twenty second (22nd) day after the termination of the Employee&rsquo;s employment.
Payments under this Agreement that are contingent upon such release shall, subject to Section&nbsp;11(f), commence within eight
(8) days after such release becomes effective&#894; provided, however, that if the Employee&rsquo;s termination of employment occurs
on or after November 15 of a calendar year, then severance payments shall, subject to the effectiveness of such release and Section&nbsp;11(f),
commence on the first business day of the following calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have executed this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CONNECTONE BANK</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Dr. Stephen Boswell</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Dr.&nbsp;Stephen Boswell</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chairman, Compensation Committee</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CONNECTONE BANCORP, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Dr. Stephen Boswell</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Dr.&nbsp;Stephen Boswell</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chairman, Compensation Committee</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>EMPLOYEE:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Frank S. Sorrentino III</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">EXHIBIT
A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>RELEASE AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Release Agreement
(this &ldquo;Agreement&rdquo;) is dated <FONT STYLE="font-family: Symbol">&middot;</FONT>, 20__, by and among Frank S. Sorrentino
III (&ldquo;Executive&rdquo;), CONNECTONE BANCORP, INC. and CONNECTONE BANK (collectively &ldquo;CNOB&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to the terms of that certain Employment Agreement dated June 1, 2017 between Executive and CNOB (the &ldquo;Employment Agreement&rdquo;),
Executive has become entitled to receive a payment pursuant to either Section&nbsp;6(d) or 7(c) of the Employment Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to Section&nbsp;11(g) of the Employment Agreement, it is a condition precedent to CNOB&rsquo;s obligation to make such payments
that Executive enter into this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,
IN CONSIDERATION </B>of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>Release and Waiver</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Executive, for himself, his heirs, successors and assigns, does hereby generally and completely waive, release
and forever discharge, CNOB, and all their representatives, officers, directors employees and affiliates, and each and every successor,
assign and agent (the &ldquo;Released CNOB&rdquo;), from and against any and all claims. As used herein, &ldquo;claims&rdquo; means
any and all matters relating to the Employment Agreement, including, but not limited to, any and all claims related to Executive&rsquo;s
service as an employee, officer or director of CNOB or any subsidiary or affiliate through the effective date of this Agreement
or arising from or related to Executive&rsquo;s service with CNOB, and any and all claims, debts, liabilities, demands, obligations,
promises, acts, agreements, costs, expenses, damages, actions and causes of actions, whether in law or in equity, whether known
or unknown, suspected or unsuspected, arising from Executive&rsquo;s employment or service with CNOB or any subsidiary or affiliate
thereof, and, except as set forth below, also includes but is not limited to: (i)&nbsp;claims under federal, state or local law
(statutory or decisional) for breach of contract, tort, wrongful or abusive or unfair discharge or dismissal, impairment of economic
opportunity or defamation, breach of fiduciary duty, intentional infliction of emotional distress, or discrimination based upon
race, color, ethnicity, sex, age, national origin, religion, disability, sexual orientation or any other unlawful criterion or
circumstance&#894; (ii)&nbsp;claims for compensation, bonuses or benefits&#894; (iii)&nbsp;claims under any employment letter,
service agreement, severance program, compensation, bonus, incentive, deferred retirement, health, welfare or benefit plan or arrangement
maintained by CNOB and its affiliates&#894; (iv)&nbsp;claims for sexual harassment&#894; (v)&nbsp;claims related to whistle blowing&#894;
(vi)&nbsp;claims for punitive, incidental, indirect, consequential, special or exemplary damages&#894; (vii)&nbsp;claims for violations
of any of the following laws (as amended) from the beginning of time to the effective date of this Agreement: the Equal Pay Act,
the Civil Rights Act of 1866, 42 U.S.C. &sect;&nbsp;1981, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991
as amended, the Equal Pay Act, the Genetic Information and Discrimination Act, the Americans with Disabilities Act of 1991, the
Worker Adjustment Retraining and Notification Act, 29 U.S.C. &sect;&nbsp;2101, <I>et seq.</I>, the Family and Medical Leave Act
of 1993, the Rehabilitation Act, Executive Order 11246, all claims and damages relating to race, sex, national origin, disabilities,
religion, sexual orientation and age, all employment discrimination claims arising under similar state, country or city statutes,
any claims for unpaid compensation, wages and bonuses under the federal Fair Labor Standards Act, 29 U.S.C. &sect;&nbsp;201, <I>et
seq.</I>, any and all claims for violation of Code Section&nbsp;409A, or any state, county or city law or ordinance regarding wages
or compensation, and (viii)&nbsp;claims for violations of any other applicable labor or employment statute or law, from the beginning
of time to the effective date of this Agreement. For avoidance of doubt, this Section&nbsp;includes a release of claims under the
New Jersey Law Against Discrimination, the New Jersey State WARN Act, the New Jersey Conscientious Employee Protection Act, the
New Jersey Smoke-Free Air Act, the New Jersey Equal Pay Act, the New Jersey Occupational Safety and Health Law, the New Jersey
Temporary Disability Benefits Act and the New Jersey Family Leave Act. In addition, Executive waives any and all rights under the
laws of any jurisdiction in the United States that limit a general release to those claims that are known or suspected to exist
in Executive&rsquo;s favor as of the effective date of this Agreement. The foregoing list is meant to be illustrative rather than
exclusive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Notwithstanding the foregoing, Executive does not waive any rights related to: (i)&nbsp;CNOB&rsquo;s obligations
to make payments or provide other benefits under either Section&nbsp;6(c) or 7(c) of the Employment Agreement, (ii)&nbsp;claims
for payment under any equity compensation plan of CNOB in effect as of the date hereof and under which Executive received an award,
(iii)&nbsp;claims for benefits under CNOB&rsquo;s tax-qualified retirement plans or other benefit or compensation plans in which
Executive has a vested benefit, or (iv)&nbsp;claims for benefits required by applicable law or health insurance coverage under
applicable state and federal group health care continuation coverage laws (<I>e.g.</I>, COBRA). In addition, excluded from this
release and waiver are any claims which cannot be waived by law, including, but not limited to, the right to file a charge or complaint
with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration,
the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, or any other self-regulatory organization
or any other federal, state or local governmental agency or commission (each a &ldquo;Governmental Agency&rdquo;), or to testify,
assist or participate in any investigation, hearing or proceeding conducted by a Governmental Agency. In the event Executive files
a charge or complaint with a Government Agency, or a Government Agency asserts a claim on Executive&rsquo;s behalf, Executive agrees
that his release of claims in this Agreement shall nevertheless bar Executive&rsquo;s right (if any) to any monetary or other recovery
(including reinstatement), except that Executive does not waive: (i) Executive&rsquo;s right to receive an award from the Securities
and Exchange Commission pursuant to Section 21F of the Securities Exchange Act of 1934, and (ii) any other right where waiver is
expressly prohibited by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Executive agrees not to institute, nor has Executive instituted, a lawsuit against any Released Company Party based
on any waived claims or rights as set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B>EXCEPT AS OTHERWISE PROVIDED HEREIN, EXECUTIVE ACKNOWLEDGES AND AGREES THAT THIS RELEASE IS A FULL AND FINAL BAR
TO ANY AND ALL CLAIM(S) OF ANY TYPE THAT EXECUTIVE MAY NOW HAVE AGAINST ANY RELEASED COMPANY PARTY.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>Injunctive Relief</U></B>. The parties hereto recognize that irreparable injury will result to CNOB, their
businesses and properties in the event of Executive&rsquo;s breach of any covenants or agreements contained herein. CNOB will be
entitled, in addition to any other remedies and damages available to it, to an injunction prohibiting Executive from committing
any violation or threatened violation of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>General Provisions</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Heirs, Successors and Assigns</U>. The terms of this Agreement will be binding upon the parties hereto and their
respective heirs, personal representatives, successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Final Agreement</U>. This Agreement represents the entire understanding of the parties with respect to the subject
matter hereof and supersedes all prior understandings, written or oral. The terms of this Agreement may be changed, modified or
discharged only by an instrument in writing signed by the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law</U>. This Agreement will be construed, enforced and interpreted in accordance with and governed
by the laws of the State of New Jersey, without reference to its principles of conflicts of law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Counterparts</U>. This Agreement may be executed in one or more counterparts, each of which counterpart, when
so executed and delivered, will be deemed an original and all of which counterparts, taken together, will constitute but one and
the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. Any term or provision of this Agreement which is held to be invalid or unenforceable will be
ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have signed this Agreement on the dates set forth below and Executive hereby declares that the terms of this
Agreement have been completely read, are fully understood, and are voluntarily accepted after complete consideration of all facts
and legal claims.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>PLEASE READ CAREFULLY. THIS AGREEMENT
INCLUDES A RELEASE OF CERTAIN KNOWN AND UNKNOWN CLAIMS. CNOB HEREBY ADVISES EXECUTIVE TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING
THIS AGREEMENT.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 51%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date</TD>
    <TD>&nbsp;</TD>
    <TD><B>EXECUTIVE</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">A-3</P>

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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>exh_102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">Exhibit 10.2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">AMENDED
AND RESTATED EMPLOYMENT AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amended and Restated
Employment Agreement (the &ldquo;Employment Agreement&rdquo;), executed as of this 1st day of June, 2017 (the &ldquo;Effective
Date&rdquo;), by and between <B>WILLIAM S. BURNS, </B>an individual residing at 11 Nottingham Road, Short Hills, NJ 07078 (the
&ldquo;Employee&rdquo;), <B>CONNECTONE BANK</B>, a New Jersey state chartered commercial bank with its principal place of business
located at 301 Sylvan Avenue, Englewood Cliffs, NJ 07632 (the &ldquo;Bank&rdquo;), and <B>CONNECTONE BANCORP</B>, <B>INC</B>.,
a New Jersey corporation with its principal place of business located at 301 Sylvan Avenue, Englewood Cliffs, NJ 07632 (the &ldquo;Company&rdquo;&#894;
the Bank and the Company sometimes collectively are referred to herein as &ldquo;Employer&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Board of Directors of the Bank and the Board of Directors of the Company have each determined that it is in the best interests
of each of the Bank and the Company to enter into this Agreement with the Employee, and each respective Board has authorized the
Bank and the Company to enter into this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Employee agrees to be employed pursuant to the terms and conditions of this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises and covenants contained herein, and with the intent to be legally bound hereby, the parties hereto
hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Employment</I>. The Company and the Bank hereby jointly agree to employ the Employee, and the Employee hereby
accepts such employment, upon the terms and conditions set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Position and Duties</I>. The Employee shall be employed, as Executive Vice President and Chief Financial Officer
of the Company and the Bank, to perform such services in that capacity as are usual and customary for comparable institutions and
shall from time-to-time be established by the Chief Executive Officer and/or the Board of the Directors of the Company and the
Bank. The Employee agrees that he will devote his full business time and efforts to his duties hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Compensation</I>. The Employer shall pay to the Employee compensation for his services as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Base Salary</U>. The Employee shall be entitled to receive during his service hereunder a minimum annual base
salary (the &ldquo;Base Salary&rdquo;) of Three Hundred Eighty One Thousand ($381,000), which shall be payable in installments
in accordance with the Employer&rsquo;s usual payroll method. Annually commencing in 2018, the Board of Directors shall review
the Employee&rsquo;s performance, the status of the Employer and such other factors as the Board of Directors or a committee thereof
shall deem appropriate and shall adjust the Base Salary accordingly; provided, however, that the Base Salary shall not be reduced
unless such reduction is part of an overall reduction in salary applicable to all senior executive officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Incentive Plans</U>. The Employee shall be entitled to participate in the Employer&rsquo;s incentive plan for
executive officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Other Benefits</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Automobile</U>. The Employee shall be entitled to a cash allowance in the amount of seven hundred and fifty ($750)
dollars per month to be used for the purpose of maintaining an automobile for use in the business of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Insurance Coverage and Employee Benefit Plans.</U> The Employee shall be entitled to receive hospital, health,
medical, and life insurance of a type currently provided to and enjoyed by other senior officers of the Employer, and shall be
entitled to participate in any other employee benefit, incentive or retirement plans offered by the Employer to its employees generally
or to its senior management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Expenses</U>. The Employee shall be entitled to reimbursement for all proper business expenses incurred by him
with respect to the business of the Employer upon the provision of documentation evidencing such expenses in accordance with the
Employer&rsquo;s expense reimbursement policies and in the same manner and to the same extent as such expenses are reimbursed to
other officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Vacation</U>. The Employee shall be entitled to vacations and other leave in accordance with the Employer&rsquo;s
policy for senior executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Term</I>. The term of this Agreement shall commence on the Effective Date and continue until the third anniversary
of the Effective Date (the &ldquo;Term&rdquo;)&#894; provided, however, that unless either party gives written notice at least
ninety (90) days prior to the anniversary of the Effective Date, this Agreement shall renew for one (1) additional year on each
such anniversary of the Effective Date, and such extended period shall be deemed to be included within the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Termination</I>. The Employee may be terminated at any time, without prejudice to Employee&rsquo;s right to compensation
or benefits as provided herein. The Employee&rsquo;s rights upon a termination shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Cause</U>. For purposes of this Agreement, &ldquo;Cause&rdquo; with respect to the termination by the Employer
(as defined below) of the Employee&rsquo;s employment shall mean (i)&nbsp;willful and continued failure, for a period of at least
thirty (30) calendar days, by the Employee to perform his duties for the Employer under this Agreement after at least one (1) warning
in writing from the Compensation Committee of the Board of Directors of the Employer, or such person or body to which such body
may delegate such authority, identifying specifically any such failure, (ii)&nbsp;the willful engaging by the Employee in misconduct
which causes material injury to the Employer as specified in written notice to the Employee from the Compensation Committee of
the Board of Directors of the Employer, or such person or body to which such body may delegate such authority&#894; or (iii)&nbsp;conviction
of or a plea of nolo contendere to a crime (other than a traffic violation) which is either a felony or an indictable offense or
the Employee&rsquo;s habitual drunkenness, drug abuse, or excessive absenteeism other than due to Disability (as defined herein),
after a warning (with respect to drunkenness or absenteeism only) in writing from the Compensation Committee of the Board of Directors
of the Employer, or such person or body to which such body may delegate such authority to refrain from such behavior.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Good Reason</U>. For purposes of this Agreement, &ldquo;Good Reason&rdquo; with respect to the resignation by
the Employee shall mean (i) a material diminution in title, reporting duties or responsibilities of the Employee, (ii)&nbsp;a relocation
of the Employee&rsquo;s principal place of employment by more than fifty (50) miles from its location on the date of this Agreement,
(iii)&nbsp;a material breach by the Employer of Section 3 or 4 of this Agreement or (iv) any other action or inaction that constitutes
a material breach by the Employer of this Agreement; provided, however, that a resignation shall not be for &ldquo;Good Reason&rdquo;
unless the Employee provides the Employer with notice of existence of any condition that may constitute Good Reason within ninety
(90) calendar days of his initial knowledge of the existence thereof, the Employer has not cured the condition within thirty (30)
calendar days of such notice and the Employee resigns within ninety (90) calendar days after the lapse of the cure period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination with Cause</U>. The Employer shall have the right to terminate the Employee for &ldquo;cause&rdquo;.
In the event of such termination, the Employee shall only be entitled to salary and benefits accrued through the date of termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination without Cause or for Good Reason</U>. Upon a termination of the Employee&rsquo;s employment hereunder
without &ldquo;cause&rdquo;, or the Employee&rsquo;s resignation for &ldquo;good reason&rdquo;, in recognition of such termination
and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections 8, 9 and 10 hereof, the Employee shall be
entitled to receive a lump sum severance payment equal to two and one-half (2.5) times the sum of (i)&nbsp;his then current annual
Base Salary, and (ii)&nbsp;his then current target cash bonus. In addition, the Employee shall be entitled to receive a lump sum
payment equal to his bonus for the year in which his termination of employment occurs, prorated for the number of days the Employee
worked for the Company during the year of termination. Such bonus will be based on actual performance and will be paid at the time
annual bonuses for such year are ordinarily paid. This lump sum severance payment shall be made to the Employee in accordance with
the terms of Section&nbsp;11(g) hereof, and subject to Section&nbsp;11(f) hereof. In addition, the Employer shall continue to provide
the Employee with hospital, health, medical and life insurance, and any other like benefits in effect at the time of such termination,
on the terms and conditions under which they were offered to the Employee prior to such termination for a period of eighteen (18)
months. In the event the Employer, under its insurance and benefit plans then in effect, is unable to provide the Employee with
the benefits provided for above under the terms provided for herein, then in lieu of providing such benefits, the Employer will
pay an amount equal, on an after tax basis, to the Employee&rsquo;s premium to continue such coverage pursuant to the terms of
the Comprehensive Omnibus Budget Reconciliation Act. The Employee shall have no duty to mitigate damages in connection with his
termination by the Employer without &ldquo;cause&rdquo; or the Employee&rsquo;s resignation for &ldquo;good reason&rdquo;. However,
if the Employee obtains new employment and such new employment provides for hospital, health, medical and life insurance, and other
benefits, in a manner substantially similar to the benefits payable by the Employer hereunder, the Employer may permanently terminate
the duplicative benefits it is obligated to provide hereunder. Following the cessation of the continuation of the Employee&rsquo;s
hospital, health and medical insurance, the Employee shall be permitted to elect to extend such insurance coverage under the policies
maintained by the Employer in accordance with the applicable provisions of the Section&nbsp;4980B of the Internal Revenue Code
of 1986, as amended (the &ldquo;Code&rdquo;), and/or applicable state law, to the extent eligible to do so under the Code and such
state law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Death or Disability.</U> This Agreement shall automatically terminate upon the death or Disability of the Employee.
Upon such termination, the Employee shall not be entitled to any additional compensation hereunder; provided, however, that the
foregoing shall not prejudice the Employee&rsquo;s right to be paid for all compensation earned through the date of such termination
and the benefits of any insurance programs maintained for the benefit of the Employee or his beneficiaries in the event of his
death or Disability. For purposes hereof, Disability shall be defined to mean a disability under any long term disability plan
of the Employer then in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Change in Control</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Upon the termination of the Employee&rsquo;s employment upon the occurrence of a Change in Control (as herein defined),
and in recognition of such termination and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections 8,
9 and 10 hereof, the Employee shall be entitled to receive the payments provided for under paragraph&nbsp;(c) hereof. In addition,
if within two (2) years of the occurrence of a Change in Control, the Employer or its successor shall terminate Employee&rsquo;s
employment hereunder without &ldquo;cause&rdquo;, or the Employee resigns for &ldquo;good reason&rdquo;, in recognition of such
termination and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections&nbsp;8, 9 and 10 hereof, the
Employee shall have the right to resign his employment with the Employer or its successor and thereafter the Employee shall become
entitled to receive the payments provided for under paragraph&nbsp;(c) below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>A &ldquo;Change in Control&rdquo; shall mean:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">a reorganization, merger, consolidation or sale of all or substantially all of the assets of the
Company, or a similar transaction, in any case in which the holders of the voting stock of the Company prior to such transaction
do not hold (in substantially the same proportion) a majority of the voting power of the resulting entity (or an entity that wholly
owns the resulting entity)&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">individuals who constitute the Incumbent Board (as herein defined) of the Company cease for any
reason to constitute a majority thereof; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">any person becomes the beneficial owner of securities representing 25% or more of the combined
voting stock of the Company <I>other than</I> (1) the Employee or any group that includes the Employee or (2) an entity referred
to in the parenthetical to clause (b)(i) of this definition.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For these purposes,
&ldquo;Incumbent Board&rdquo; means the Board of Directors of the Company on the date hereof and any person who becomes a director
subsequent to the date hereof whose election was approved by a voting of at least three-quarters of the directors comprising the
Incumbent Board or whose nomination for election by members or stockholders was approved by the same nominating committee serving
under an Incumbent Board. <I>However</I>, the Incumbent Board will not include anyone who becomes a member of the Board of Directors
as a result of either (i) an actual or threatened election contest or proxy or consent solicitation on behalf of anyone other than
the Board of the Directors, including as a result of any appointment, nomination or other agreement intended to avoid or settle
a contest or solicitation, or (ii) agreement with any third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>In the event the conditions of Section&nbsp;(a) above are satisfied, the Employee shall be entitled to receive a
lump sum payment equal to three (3) times the sum of (i)&nbsp;the Employee&rsquo;s current annual Base Salary plus (ii)&nbsp;the
Employee&rsquo;s current target cash bonus. In addition, the Employee shall be entitled to receive a lump sum payment equal to
his bonus for the year in which his termination of employment occurs, prorated for the number of days the Employee worked for the
Company during the year of termination. Such bonus will be based on actual performance and will be paid at the time annual bonuses
for such year are ordinarily paid. The payments provided for hereunder shall be made in accordance with the terms of Section&nbsp;11(g)
hereof, and subject to Section&nbsp;11(f) hereof. In addition to the foregoing, the Employee shall be entitled to receive from
the Employer, or its successor, hospital, health, medical and life insurance on the terms and at the cost to the Employee as the
Employee was receiving such benefits upon the date of his termination. The Employer&rsquo;s obligation to continue such insurance
benefits will be for a period of eighteen (18) months from the effective date of the Change in Control. If any payments provided
for hereunder, when combined with any other payments due to the Employee contingent upon a Change in Control, constitute an &ldquo;excess
parachute payment&rdquo; under Section&nbsp;280G of the Code, the total payments will be reduced such that no portion of such payments
are subject to the excise tax under Section&nbsp;4999 of the Code <I>to the extent that</I>, after all applicable taxes, the Employee
retains more of the total payments after this reduction than if the full amount were payable. Payments will be reduced in such
manner as has the least economic effect on the Employee. In applying these principles, any reduction or elimination of the Payments
shall be made in a manner consistent with the requirements of Section 409A of the Code and where two economically equivalent amounts
are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.
Unless the Employer and the Employee otherwise agree in writing, any determination required under this Section 7(c) shall be made
in writing by a nationally-recognized accounting firm selected by the Employee (the &ldquo;Accountants&rdquo;), whose determination
will be conclusive and binding upon the Employee and the Employer for all purposes. For purposes of making the calculations required
by this Section 7(c), the Accountants (i) may make reasonable assumptions and approximations concerning applicable taxes, (ii)
may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code, and (iii)
shall take into account a &ldquo;reasonable compensation&rdquo; (within the meaning of Q&amp;A-9 and Q&amp;A-40 to Q&amp;A 44 of
the final regulations under Section 280G of the Code) analysis of the value of services provided or to be provided by the Employee,
including any agreement by the Employee (if applicable) to refrain from performing services pursuant to a covenant not to compete
or similar covenant applicable to the Employee that may then be in effect (including, without limitation, those contemplated by
Sections 8 and 9 of this Agreement). The Employer and the Employee agree to furnish to the Accountants such information and documents
as the Accountants may reasonably request in order to make a determination under this provision. The Employer shall bear all costs
the Accountants may reasonably incur in connection with any calculations contemplated by this provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Covenant Not to Compete</I>. As consideration for the benefits conferred upon the Employee hereunder, including,
but not limited to the Employee&rsquo;s right to severance under Section&nbsp;6(d) and to a change in control payment under Section&nbsp;7(c),
the Employee agrees that during the term of his employment hereunder and for a period of one (1) year after the termination of
his employment (the &ldquo;Covenant Term&rdquo;), provided that he is entitled to severance hereunder upon such termination, he
will not in any way, directly or indirectly, manage, operate, control, accept employment or a consulting position with or otherwise
advise or assist or be connected with or own or have any other interest in or right with respect to (other than through ownership
of not more than five percent (5%) of the outstanding shares of a corporation whose stock is listed on a national securities exchange
or on NASDAQ) any enterprise which competes with the Employer in the business of banking in the counties in which Employer conducts
its business on the date of the Employee&rsquo;s termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Non Solicitation</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the period the
Employee is performing services for the Employer and for a period of one (1) year following the termination of the Employee&rsquo;s
services for the Employer for any reason, the Employee agrees that the Employee will not, directly or indirectly, for the Employee&rsquo;s
benefit or for the benefit of any other person, firm or entity, do any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">solicit or attempt to solicit from any customer that the Employee serviced or learned of while
in the employ of the Employer (&ldquo;Customer&rdquo;), or any potential customer of the Employer which has been the subject of
a known written or oral bid, offer or proposal by the Employer, or of substantial preparation with a view to making such a bid,
proposal or offer, within twelve (12) months prior to such Employee&rsquo;s termination (&ldquo;Potential Customer&rdquo;), business
of a similar nature or related to the business of the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">accept any business from, or perform any work or services for, any Customer or Potential Customer,
which business, work or services is similar to the business of the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">cause or induce or attempt to cause or induce any Customer, Potential Customer, licensor, supplier
or vendor of the Employer to reduce or sever its affiliation with the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iv)</FONT></TD><TD STYLE="text-align: justify">solicit the employment or services of, or hire or engage, or assist anyone else to hire or engage,
any person who was known to be employed or engaged by or was a known employee of or consultant to the Employer upon the termination
of the Employee&rsquo;s services to the Employer, or within twelve (12) months prior thereto&#894; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(v)</FONT></TD><TD STYLE="text-align: justify">otherwise interfere with the business or accounts of the Employer.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes hereof, &ldquo;solicitation&rdquo;
shall include directly or indirectly initiating any contact or communication of any kind whatsoever for purposes of inviting, encouraging
or requesting such Customer, Potential Customer, licensor, supplier, vendor, employee or consultant to materially alter its business
relationship, or engage in business, with the Employee or any person, firm or entity other than the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Confidential Information</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>As used herein, &ldquo;Confidential Information&rdquo; means any confidential or proprietary information relating
to the Employer and its affiliates including, without limitation, the identity of the Employer&rsquo;s customers, the identity
of representatives of customers with whom the Employer has dealt, the kinds of services provided by the Employer to customers,
the manner in which such services are performed or offered to be performed, the service needs of actual or prospective customers,
customer preferences and policies, pricing information, business and marketing plans, financial information, budgets, compensation
or personnel records, information concerning the creation, acquisition or disposition of products and services, vendors, software,
data processing programs, databases, customer maintenance listings, computer software applications, research and development data,
know-how and other trade secrets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the above, Confidential
Information does not include information which: (i)&nbsp;is or becomes public knowledge without breach of this Agreement&#894;
or (ii)&nbsp;is received by the Employee from a third party without any violation of any obligation of confidentiality and without
confidentiality restrictions&#894; provided, however, that nothing in this Agreement shall prevent the Employee from participating
in or disclosing documents or information in connection with any judicial or administrative investigation, inquiry or proceeding
to the extent that such participation or disclosure is required under applicable law&#894; provided further, however, that the
Employee will provide the Employer with prompt notice of such request so that the Employer may seek (with the cooperation of the
Employee, if so requested by the Employer), a protective order or other appropriate remedy and/or waiver in writing of compliance
with the provisions of this Agreement. If a particular portion or aspect of Confidential Information becomes subject to any of
the foregoing exceptions, all other portions or aspects of such information shall remain subject to all of the provisions of this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>At all times, both during the period of the Employee&rsquo;s services for the Employer and after termination of the
Employee&rsquo;s services, the Employee will keep in strictest confidence and trust all Confidential Information and the Employee
will not directly or indirectly use or disclose to any third-party any Confidential Information, except as may be necessary in
the ordinary course of performing the Employee&rsquo;s duties for the Employer, or disclose any Confidential Information, or permit
or encourage any other person or entity to do so, without the prior written consent of the Employer except as may be necessary
in the ordinary course of performing the Employee&rsquo;s duties for the Employer. <FONT STYLE="color: windowtext">Notwithstanding
anything to the contrary in this Agreement or otherwise, nothing shall limit the Employee&rsquo;s rights under applicable law to
provide truthful information to any governmental entity or to file a change with or participate in an investigation conducted by
any governmental entity. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="color: windowtext">The Employee is hereby notified that the immunity provisions in Section 1833 of title
18 of the United States Code provide that an individual cannot be held criminally or civilly liable under any federal or state
trade secret law for any disclosure of a trade secret that is made (1) in confidence to federal, state or local government officials,
either directly or indirectly, or to an attorney, and is solely for the purpose of reporting or investigating a suspected violation
of the law, (2) under seal in a complaint or other document filed in a lawsuit or other proceeding, or (3) to your attorney in
connection with a lawsuit for retaliation for reporting a suspected violation of law (and the trade secret may be used in the court
proceedings for such lawsuit) as long as any document containing the trade secret is filed under seal and the trade secret is not
disclosed except pursuant to court order.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Employee agrees to return promptly all Confidential Information in tangible form, including, without limitation,
all photocopies, extracts and summaries thereof, and any such information stored electronically on tapes, computer disks, mobile
or remote computers (including personal digital assistants) or in any other manner to the Employer at any time that the Employer
makes such a request and automatically, without request, within five (5) days after the termination of the Employee&rsquo;s performance
of services for the Employer for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Miscellaneous</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law</U>. In the absence of controlling Federal law, this Agreement shall be governed by and interpreted
under the substantive law of the State of New Jersey.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. If any provision of this Agreement shall be held to be invalid, void or unenforceable, the remaining
provisions hereof shall in no way be affected or impaired, and such remaining provisions shall remain in full force and effect.
If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would
become valid or enforceable, then such provision shall be deemed to be written, construed and enforced as so limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Entire Agreement&#894; Amendment</U>. This Agreement sets for the entire understanding of the parties with regard
to the subject matter contained herein and supersedes any and all prior agreements, arrangements or understandings relating to
the subject matter hereof and may only be amended by written agreement signed by both parties hereto or their duly authorized representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Successors and Assigns</U>. This Agreement shall be binding upon and become the legal obligation of the successors
and assigns of the Employer and shall inure to the benefit of the Employee&rsquo;s estate, heirs and representatives in the event
of his death or Disability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Clawback and Recoupment</U>. Any amounts paid to the Employee hereunder shall be subject to any generally applicable
clawback or recoupment policy adopted by the Employer, or the requirements of any law or regulation applicable to the Employer
and governing the clawback or recoupment of executive compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Section&nbsp;409A Compliance</U>. If the Employee is a &ldquo;specified employee&rdquo; for purposes of Section&nbsp;409A
of the Code, to the extent required to comply with Section&nbsp;409A of the Code, any payments required to be made pursuant to
this Agreement which are deferred compensation and subject to Section&nbsp;409A of the Code (and do not qualify for an exemption
thereunder) shall not commence until one day after the day which is six (6) months from the date of termination. Should this Section&nbsp;11(f)
result in a delay of payments to the Employee, on the first day any such payments may be made without incurring a penalty pursuant
to Section&nbsp;409A (the &ldquo;409A Payment Date&rdquo;), the Employer shall begin to make such payments as described in this
Section&nbsp;11(f), provided that any amounts that would have been payable earlier but for application of this Section&nbsp;11(f)
shall be paid in lump-sum on the 409A Payment Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Release</U>. All payments and benefits under Sections&nbsp;6(d) or 7(c) hereof shall be contingent upon the Employee
executing a general release of claims in favor of the Employer, its subsidiaries and affiliates, and their respective officers,
directors, shareholders, partners, members, managers, agents or employees, in the form attached hereto as Exhibit&nbsp;A, and which
must be executed by the Employee no later than the twenty second (22nd) day after the termination of the Employee&rsquo;s employment.
Payments under this Agreement that are contingent upon such release shall, subject to Section&nbsp;11(f), commence within eight
(8) days after such release becomes effective&#894; provided, however, that if the Employee&rsquo;s termination of employment occurs
on or after November 15 of a calendar year, then severance payments shall, subject to the effectiveness of such release and Section&nbsp;11(f),
commence on the first business day of the following calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have executed this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CONNECTONE BANK</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer and President</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CONNECTONE BANCORP, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer and President</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>EMPLOYEE:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ William S. Burns</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>William S. Burns</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"></P>

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    <!-- Field: /Page -->

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">EXHIBIT
A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>RELEASE AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Release Agreement
(this &ldquo;Agreement&rdquo;) is dated <FONT STYLE="font-family: Symbol">&middot;</FONT>, 20__, by and among William S. Burns
(&ldquo;Executive&rdquo;), CONNECTONE BANCORP, INC. and CONNECTONE BANK (collectively &ldquo;CNOB&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to the terms of that certain Employment Agreement dated June 1, 2017 between Executive and CNOB (the &ldquo;Employment Agreement&rdquo;),
Executive has become entitled to receive a payment pursuant to either Section&nbsp;6(d) or 7(c) of the Employment Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to Section&nbsp;11(g) of the Employment Agreement, it is a condition precedent to CNOB&rsquo;s obligation to make such payments
that Executive enter into this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,
IN CONSIDERATION </B>of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>Release and Waiver</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Executive, for himself, his heirs, successors and assigns, does hereby generally and completely waive, release
and forever discharge, CNOB, and all their representatives, officers, directors employees and affiliates, and each and every successor,
assign and agent (the &ldquo;Released CNOB&rdquo;), from and against any and all claims. As used herein, &ldquo;claims&rdquo; means
any and all matters relating to the Employment Agreement, including, but not limited to, any and all claims related to Executive&rsquo;s
service as an employee, officer or director of CNOB or any subsidiary or affiliate through the effective date of this Agreement
or arising from or related to Executive&rsquo;s service with CNOB, and any and all claims, debts, liabilities, demands, obligations,
promises, acts, agreements, costs, expenses, damages, actions and causes of actions, whether in law or in equity, whether known
or unknown, suspected or unsuspected, arising from Executive&rsquo;s employment or service with CNOB or any subsidiary or affiliate
thereof, and, except as set forth below, also includes but is not limited to: (i)&nbsp;claims under federal, state or local law
(statutory or decisional) for breach of contract, tort, wrongful or abusive or unfair discharge or dismissal, impairment of economic
opportunity or defamation, breach of fiduciary duty, intentional infliction of emotional distress, or discrimination based upon
race, color, ethnicity, sex, age, national origin, religion, disability, sexual orientation or any other unlawful criterion or
circumstance&#894; (ii)&nbsp;claims for compensation, bonuses or benefits&#894; (iii)&nbsp;claims under any employment letter,
service agreement, severance program, compensation, bonus, incentive, deferred retirement, health, welfare or benefit plan or arrangement
maintained by CNOB and its affiliates&#894; (iv)&nbsp;claims for sexual harassment&#894; (v)&nbsp;claims related to whistle blowing&#894;
(vi)&nbsp;claims for punitive, incidental, indirect, consequential, special or exemplary damages&#894; (vii)&nbsp;claims for violations
of any of the following laws (as amended) from the beginning of time to the effective date of this Agreement: the Equal Pay Act,
the Civil Rights Act of 1866, 42 U.S.C. &sect;&nbsp;1981, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991
as amended, the Equal Pay Act, the Genetic Information and Discrimination Act, the Americans with Disabilities Act of 1991, the
Worker Adjustment Retraining and Notification Act, 29 U.S.C. &sect;&nbsp;2101, <I>et seq.</I>, the Family and Medical Leave Act
of 1993, the Rehabilitation Act, Executive Order 11246, all claims and damages relating to race, sex, national origin, disabilities,
religion, sexual orientation and age, all employment discrimination claims arising under similar state, country or city statutes,
any claims for unpaid compensation, wages and bonuses under the federal Fair Labor Standards Act, 29 U.S.C. &sect;&nbsp;201, <I>et
seq.</I>, any and all claims for violation of Code Section&nbsp;409A, or any state, county or city law or ordinance regarding wages
or compensation, and (viii)&nbsp;claims for violations of any other applicable labor or employment statute or law, from the beginning
of time to the effective date of this Agreement. For avoidance of doubt, this Section&nbsp;includes a release of claims under the
New Jersey Law Against Discrimination, the New Jersey State WARN Act, the New Jersey Conscientious Employee Protection Act, the
New Jersey Smoke-Free Air Act, the New Jersey Equal Pay Act, the New Jersey Occupational Safety and Health Law, the New Jersey
Temporary Disability Benefits Act and the New Jersey Family Leave Act. In addition, Executive waives any and all rights under the
laws of any jurisdiction in the United States that limit a general release to those claims that are known or suspected to exist
in Executive&rsquo;s favor as of the effective date of this Agreement. The foregoing list is meant to be illustrative rather than
exclusive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Notwithstanding the foregoing, Executive does not waive any rights related to: (i)&nbsp;CNOB&rsquo;s obligations
to make payments or provide other benefits under either Section&nbsp;6(c) or 7(c) of the Employment Agreement, (ii)&nbsp;claims
for payment under any equity compensation plan of CNOB in effect as of the date hereof and under which Executive received an award,
(iii)&nbsp;claims for benefits under CNOB&rsquo;s tax-qualified retirement plans or other benefit or compensation plans in which
Executive has a vested benefit, or (iv)&nbsp;claims for benefits required by applicable law or health insurance coverage under
applicable state and federal group health care continuation coverage laws (<I>e.g.</I>, COBRA). In addition, excluded from this
release and waiver are any claims which cannot be waived by law, including, but not limited to, the right to file a charge or complaint
with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration,
the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, or any other self-regulatory organization
or any other federal, state or local governmental agency or commission (each a &ldquo;Governmental Agency&rdquo;), or to testify,
assist or participate in any investigation, hearing or proceeding conducted by a Governmental Agency. In the event Executive files
a charge or complaint with a Government Agency, or a Government Agency asserts a claim on Executive&rsquo;s behalf, Executive agrees
that his release of claims in this Agreement shall nevertheless bar Executive&rsquo;s right (if any) to any monetary or other recovery
(including reinstatement), except that Executive does not waive: (i) Executive&rsquo;s right to receive an award from the Securities
and Exchange Commission pursuant to Section 21F of the Securities Exchange Act of 1934, and (ii) any other right where waiver is
expressly prohibited by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Executive agrees not to institute, nor has Executive instituted, a lawsuit against any Released Company Party based
on any waived claims or rights as set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B>EXCEPT AS OTHERWISE PROVIDED HEREIN, EXECUTIVE ACKNOWLEDGES AND AGREES THAT THIS RELEASE IS A FULL AND FINAL BAR
TO ANY AND ALL CLAIM(S) OF ANY TYPE THAT EXECUTIVE MAY NOW HAVE AGAINST ANY RELEASED COMPANY PARTY.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>Injunctive Relief</U></B>. The parties hereto recognize that irreparable injury will result to CNOB, their
businesses and properties in the event of Executive&rsquo;s breach of any covenants or agreements contained herein. CNOB will be
entitled, in addition to any other remedies and damages available to it, to an injunction prohibiting Executive from committing
any violation or threatened violation of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>General Provisions</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Heirs, Successors and Assigns</U>. The terms of this Agreement will be binding upon the parties hereto and their
respective heirs, personal representatives, successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Final Agreement</U>. This Agreement represents the entire understanding of the parties with respect to the subject
matter hereof and supersedes all prior understandings, written or oral. The terms of this Agreement may be changed, modified or
discharged only by an instrument in writing signed by the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law</U>. This Agreement will be construed, enforced and interpreted in accordance with and governed
by the laws of the State of New Jersey, without reference to its principles of conflicts of law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Counterparts</U>. This Agreement may be executed in one or more counterparts, each of which counterpart, when
so executed and delivered, will be deemed an original and all of which counterparts, taken together, will constitute but one and
the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. Any term or provision of this Agreement which is held to be invalid or unenforceable will be
ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have signed this Agreement on the dates set forth below and Executive hereby declares that the terms of this
Agreement have been completely read, are fully understood, and are voluntarily accepted after complete consideration of all facts
and legal claims.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>PLEASE READ CAREFULLY. THIS AGREEMENT
INCLUDES A RELEASE OF CERTAIN KNOWN AND UNKNOWN CLAIMS. CNOB HEREBY ADVISES EXECUTIVE TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING
THIS AGREEMENT.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <TD>&nbsp;</TD>
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<TR STYLE="vertical-align: top">
    <TD>Date</TD>
    <TD>&nbsp;</TD>
    <TD><B>EXECUTIVE</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exh_103.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">Exhibit 10.3</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">EMPLOYMENT
AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amended and Restated
Employment Agreement (the &ldquo;Employment Agreement&rdquo;), executed as of this 1st day of June, 2017 (the &ldquo;Effective
Date&rdquo;), by and between <B>ELIZABETH MAGENNIS, </B>an individual residing at 66 Dogwood Terrace, Ramsey, NJ 07446 (the &ldquo;Employee&rdquo;),
<B>CONNECTONE BANK</B>, a New Jersey state chartered commercial bank with its principal place of business located at 301 Sylvan
Avenue, Englewood Cliffs, NJ 07632 (the &ldquo;Bank&rdquo;), and <B>CONNECTONE BANCORP</B>, <B>INC</B>., a New Jersey corporation
with its principal place of business located at 301 Sylvan Avenue, Englewood Cliffs, NJ 07632 (the &ldquo;Company&rdquo;&#894;
the Bank and the Company sometimes collectively are referred to herein as the &ldquo;Employer&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Board of Directors of the Bank and the Board of Directors of the Company have each determined that it is in the best interests
of each of the Bank and the Company to enter into this Agreement with the Employee, and each respective Board has authorized the
Bank and the Company to enter into this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Employee agrees to be employed pursuant to the terms and conditions of this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises and covenants contained herein, and with the intent to be legally bound hereby, the parties hereto
hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Employment</I>. The Company and the Bank hereby jointly agree to employ the Employee, and the Employee hereby
accepts such employment, upon the terms and conditions set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Position and Duties</I>. The Employee shall be employed, as Executive Vice President and Chief Lending Officer
of the Company and the Bank, to perform such services in that capacity as are usual and customary for comparable institutions and
shall from time-to-time be established by the Chief Executive Officer and/or the Board of the Directors of the Company and the
Bank. The Employee agrees that she will devote her full business time and efforts to her duties hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Compensation</I>. The Employer shall pay to the Employee compensation for her services as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Base Salary</U>. The Employee shall be entitled to receive during her service hereunder a minimum annual base
salary (the &ldquo;Base Salary&rdquo;) of Three Hundred Fifty Two Thousand ($352,000), which shall be payable in installments in
accordance with the Employer&rsquo;s usual payroll method. Annually commencing in 2018, the Board of Directors shall review the
Employee&rsquo;s performance, the status of the Employer and such other factors as the Board of Directors or a committee thereof
shall deem appropriate and shall adjust the Base Salary accordingly; provided, however, that the Base Salary shall not be reduced
unless such reduction is part of an overall reduction in salary applicable to all senior executive officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Incentive Plans</U>. The Employee shall be entitled to participate in the Employer&rsquo;s incentive plan for
executive officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Other Benefits</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Automobile</U>. The Employee shall be entitled to a cash allowance in the amount of seven hundred and fifty ($750)
dollars per month to be used for the purpose of maintaining an automobile for use in the business of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Insurance Coverage and Employee Benefit Plans.</U> The Employee shall be entitled to receive hospital, health,
medical, and life insurance of a type currently provided to and enjoyed by other senior officers of the Employer, and shall be
entitled to participate in any other employee benefit, incentive or retirement plans offered by the Employer to its employees generally
or to its senior management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Expenses</U>. The Employee shall be entitled to reimbursement for all proper business expenses incurred by her
with respect to the business of the Employer upon the provision of documentation evidencing such expenses in accordance with the
Employer&rsquo;s expense reimbursement policies and in the same manner and to the same extent as such expenses are reimbursed to
other officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Vacation</U>. The Employee shall be entitled to vacations and other leave in accordance with the Employer&rsquo;s
policy for senior executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Term</I>. The term of this Agreement shall commence on the Effective Date and continue until the third anniversary
of the Effective Date (the &ldquo;Term&rdquo;)&#894; provided, however, that unless either party gives written notice at least
ninety (90) days prior to the anniversary of the Effective Date, this Agreement shall renew for one (1) additional year on each
such anniversary of the Effective Date, and such extended period shall be deemed to be included within the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Termination</I>. The Employee may be terminated at any time, without prejudice to Employee&rsquo;s right to compensation
or benefits as provided herein. The Employee&rsquo;s rights upon a termination shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Cause</U>. For purposes of this Agreement, &ldquo;Cause&rdquo; with respect to the termination by the Employer
(as defined below) of the Employee&rsquo;s employment shall mean (i)&nbsp;willful and continued failure, for a period of at least
thirty (30) calendar days, by the Employee to perform her duties for the Employer under this Agreement after at least one (1) warning
in writing from the Compensation Committee of the Board of Directors of the Employer, or such person or body to which such body
may delegate such authority, identifying specifically any such failure, (ii)&nbsp;the willful engaging by the Employee in misconduct
which causes material injury to the Employer as specified in written notice to the Employee from the Compensation Committee of
the Board of Directors of the Employer, or such person or body to which such body may delegate such authority&#894; or (iii)&nbsp;conviction
of or a plea of nolo contendere to a crime (other than a traffic violation) which is either a felony or an indictable offense or
the Employee&rsquo;s habitual drunkenness, drug abuse, or excessive absenteeism other than due to Disability (as defined herein),
after a warning (with respect to drunkenness or absenteeism only) in writing from the Compensation Committee of the Board of Directors
of the Employer, or such person or body to which such body may delegate such authority to refrain from such behavior.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Good Reason</U>. For purposes of this Agreement, &ldquo;Good Reason&rdquo; with respect to the resignation by
the Employee shall mean (i) a material diminution in title, reporting duties or responsibilities of the Employee, (ii)&nbsp;a relocation
of the Employee&rsquo;s principal place of employment by more than fifty (50) miles from its location on the date of this Agreement,
(iii)&nbsp;a material breach by the Employer of Section 3 or 4 of this Agreement or (iv) any other action or inaction that constitutes
a material breach by the Employer of this Agreement; provided, however, that a resignation shall not be for &ldquo;Good Reason&rdquo;
unless the Employee provides the Employer with notice of existence of any condition that may constitute Good Reason within ninety
(90) calendar days of her initial knowledge of the existence thereof, the Employer has not cured the condition within thirty (30)
calendar days of such notice and the Employee resigns within ninety (90) calendar days after the lapse of the cure period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination with Cause</U>. The Employer shall have the right to terminate the Employee for &ldquo;cause&rdquo;.
In the event of such termination, the Employee shall only be entitled to salary and benefits accrued through the date of termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination without Cause or for Good Reason</U>. Upon a termination of the Employee&rsquo;s employment hereunder
without &ldquo;cause&rdquo;, or the Employee&rsquo;s resignation for &ldquo;good reason&rdquo;, in recognition of such termination
and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections 8, 9 and 10 hereof, the Employee shall be
entitled to receive a lump sum severance payment equal to one and one-half (1.5) times the sum of (i)&nbsp;her then current annual
Base Salary, and (ii)&nbsp;her then current target cash bonus. In addition, the Employee shall be entitled to receive a lump sum
payment equal to her bonus for the year in which her termination of employment occurs, prorated for the number of days the Employee
worked for the Company during the year of termination. Such bonus will be based on actual performance and will be paid at the time
annual bonuses for such year are ordinarily paid. This lump sum severance payment shall be made to the Employee in accordance with
the terms of Section&nbsp;11(g) hereof, and subject to Section&nbsp;11(f) hereof. In addition, the Employer shall continue to provide
the Employee with hospital, health, medical and life insurance, and any other like benefits in effect at the time of such termination,
on the terms and conditions under which they were offered to the Employee prior to such termination for a period of eighteen (18)
months. In the event the Employer, under its insurance and benefit plans then in effect, is unable to provide the Employee with
the benefits provided for above under the terms provided for herein, then in lieu of providing such benefits, the Employer will
pay an amount equal, on an after tax basis, to the Employee&rsquo;s premium to continue such coverage pursuant to the terms of
the Comprehensive Omnibus Budget Reconciliation Act. The Employee shall have no duty to mitigate damages in connection with her
termination by the Employer without &ldquo;cause&rdquo; or the Employee&rsquo;s resignation for &ldquo;good reason&rdquo;. However,
if the Employee obtains new employment and such new employment provides for hospital, health, medical and life insurance, and other
benefits, in a manner substantially similar to the benefits payable by the Employer hereunder, the Employer may permanently terminate
the duplicative benefits it is obligated to provide hereunder. Following the cessation of the continuation of the Employee&rsquo;s
hospital, health and medical insurance, the Employee shall be permitted to elect to extend such insurance coverage under the policies
maintained by the Employer in accordance with the applicable provisions of the Section&nbsp;4980B of the Internal Revenue Code
of 1986, as amended (the &ldquo;Code&rdquo;), and/or applicable state law, to the extent eligible to do so under the Code and such
state law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Death or Disability.</U> This Agreement shall automatically terminate upon the death or Disability of the Employee.
Upon such termination, the Employee shall not be entitled to any additional compensation hereunder; provided, however, that the
foregoing shall not prejudice the Employee&rsquo;s right to be paid for all compensation earned through the date of such termination
and the benefits of any insurance programs maintained for the benefit of the Employee or her beneficiaries in the event of her
death or Disability. For purposes hereof, Disability shall be defined to mean a disability under any long term disability plan
of the Employer then in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Change in Control</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Upon the termination of the Employee&rsquo;s employment upon the occurrence of a Change in Control (as herein defined),
and in recognition of such termination and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections 8,
9 and 10 hereof, the Employee shall be entitled to receive the payments provided for under paragraph&nbsp;(c) hereof. In addition,
if within two (2) years of the occurrence of a Change in Control, the Employer or its successor shall terminate the Employee&rsquo;s
employment hereunder without &ldquo;cause&rdquo;, or the Employee resigns for &ldquo;good reason&rdquo;, in recognition of such
termination and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections&nbsp;8, 9 and 10 hereof, the
Employee shall have the right to resign her employment with the Employer or its successor and thereafter the Employee shall become
entitled to receive the payments provided for under paragraph&nbsp;(c) below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>A &ldquo;Change in Control&rdquo; shall mean:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">a reorganization, merger, consolidation or sale of all or substantially all of the assets of the
Company, or a similar transaction, in any case in which the holders of the voting stock of the Company prior to such transaction
do not hold (in substantially the same proportion) a majority of the voting power of the resulting entity (or an entity that wholly
owns the resulting entity)&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">individuals who constitute the Incumbent Board (as herein defined) of the Company cease for any
reason to constitute a majority thereof; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">any person becomes the beneficial owner of securities representing 25% or more of the combined
voting stock of the Company <I>other than</I> (1) Employee or any group that includes Employee or (2) an entity referred to in
the parenthetical to clause (b)(i) of this definition.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For these purposes,
&ldquo;Incumbent Board&rdquo; means the Board of Directors of the Company on the date hereof and any person who becomes a director
subsequent to the date hereof whose election was approved by a voting of at least three-quarters of the directors comprising the
Incumbent Board or whose nomination for election by members or stockholders was approved by the same nominating committee serving
under an Incumbent Board. <I>However</I>, the Incumbent Board will not include anyone who becomes a member of the Board of Directors
as a result of either (i) an actual or threatened election contest or proxy or consent solicitation on behalf of anyone other than
the Board of the Directors, including as a result of any appointment, nomination or other agreement intended to avoid or settle
a contest or solicitation, or (ii) agreement with any third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>In the event the conditions of Section&nbsp;(a) above are satisfied, the Employee shall be entitled to receive a
lump sum payment equal to two (2) times the sum of (i)&nbsp;the Employee&rsquo;s current annual Base Salary plus (ii)&nbsp;the
Employee&rsquo;s current target cash bonus. In addition, the Employee shall be entitled to receive a lump sum payment equal to
her bonus for the year in which her termination of employment occurs, prorated for the number of days the Employee worked for the
Company during the year of termination. Such bonus will be based on actual performance and will be paid at the time annual bonuses
for such year are ordinarily paid. The payments provided for hereunder shall be made in accordance with the terms of Section&nbsp;11(g)
hereof, and subject to Section&nbsp;11(f) hereof. In addition to the foregoing, the Employee shall be entitled to receive from
the Employer, or its successor, hospital, health, medical and life insurance on the terms and at the cost to the Employee as the
Employee was receiving such benefits upon the date of her termination. The Employer&rsquo;s obligation to continue such insurance
benefits will be for a period of eighteen (18) months from the effective date of the Change in Control. If any payments provided
for hereunder, when combined with any other payments due to the Employee contingent upon a Change in Control, constitute an &ldquo;excess
parachute payment&rdquo; under Section&nbsp;280G of the Code, the total payments will be reduced such that no portion of such payments
are subject to the excise tax under Section&nbsp;4999 of the Code <I>to the extent that</I>, after all applicable taxes, the Employee
retains more of the total payments after this reduction than if the full amount were payable. Payments will be reduced in such
manner as has the least economic effect on the Employee. In applying these principles, any reduction or elimination of the Payments
shall be made in a manner consistent with the requirements of Section 409A of the Code and where two economically equivalent amounts
are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.
Unless the Employer and the Employee otherwise agree in writing, any determination required under this Section 7(c) shall be made
in writing by a nationally-recognized accounting firm selected by the Employee (the &ldquo;Accountants&rdquo;), whose determination
will be conclusive and binding upon the Employee and the Employer for all purposes. For purposes of making the calculations required
by this Section 7(c), the Accountants (i) may make reasonable assumptions and approximations concerning applicable taxes, (ii)
may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code, and (iii)
shall take into account a &ldquo;reasonable compensation&rdquo; (within the meaning of Q&amp;A-9 and Q&amp;A-40 to Q&amp;A 44 of
the final regulations under Section 280G of the Code) analysis of the value of services provided or to be provided by Employee,
including any agreement by the Employee (if applicable) to refrain from performing services pursuant to a covenant not to compete
or similar covenant applicable to the Employee that may then be in effect (including, without limitation, those contemplated by
Sections 8 and 9 of this Agreement). The Employer and the Employee agree to furnish to the Accountants such information and documents
as the Accountants may reasonably request in order to make a determination under this provision. The Employer shall bear all costs
the Accountants may reasonably incur in connection with any calculations contemplated by this provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Covenant Not to Compete</I>. As consideration for the benefits conferred upon the Employee hereunder, including,
but not limited to the Employee&rsquo;s right to severance under Section&nbsp;6(d) and to a change in control payment under Section&nbsp;7(c),
the Employee agrees that during the term of her employment hereunder and for a period of one (1) year after the termination of
her employment (the &ldquo;Covenant Term&rdquo;), provided that she is entitled to severance hereunder upon such termination, she
will not in any way, directly or indirectly, manage, operate, control, accept employment or a consulting position with or otherwise
advise or assist or be connected with or own or have any other interest in or right with respect to (other than through ownership
of not more than five percent (5%) of the outstanding shares of a corporation whose stock is listed on a national securities exchange
or on NASDAQ) any enterprise which competes with the Employer in the business of banking in the counties in which the Employer
conducts its business on the date of the Employee&rsquo;s termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Non Solicitation</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the period the
Employee is performing services for the Employer and for a period of one (1) year following the termination of the Employee&rsquo;s
services for the Employer for any reason, the Employee agrees that the Employee will not, directly or indirectly, for the Employee&rsquo;s
benefit or for the benefit of any other person, firm or entity, do any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">solicit or attempt to solicit from any customer that the Employee serviced or learned of while
in the employ of the Employer (&ldquo;Customer&rdquo;), or any potential customer of the Employer which has been the subject of
a known written or oral bid, offer or proposal by the Employer, or of substantial preparation with a view to making such a bid,
proposal or offer, within twelve (12) months prior to such Employee&rsquo;s termination (&ldquo;Potential Customer&rdquo;), business
of a similar nature or related to the business of the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">accept any business from, or perform any work or services for, any Customer or Potential Customer,
which business, work or services is similar to the business of the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">cause or induce or attempt to cause or induce any Customer, Potential Customer, licensor, supplier
or vendor of the Employer to reduce or sever its affiliation with the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iv)</FONT></TD><TD STYLE="text-align: justify">solicit the employment or services of, or hire or engage, or assist anyone else to hire or engage,
any person who was known to be employed or engaged by or was a known employee of or consultant to the Employer upon the termination
of the Employee&rsquo;s services to the Employer, or within twelve (12) months prior thereto&#894; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(v)</FONT></TD><TD STYLE="text-align: justify">otherwise interfere with the business or accounts of the Employer.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes hereof, &ldquo;solicitation&rdquo;
shall include directly or indirectly initiating any contact or communication of any kind whatsoever for purposes of inviting, encouraging
or requesting such Customer, Potential Customer, licensor, supplier, vendor, employee or consultant to materially alter its business
relationship, or engage in business, with the Employee or any person, firm or entity other than the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Confidential Information</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>As used herein, &ldquo;Confidential Information&rdquo; means any confidential or proprietary information relating
to the Employer and its affiliates including, without limitation, the identity of the Employer&rsquo;s customers, the identity
of representatives of customers with whom the Employer has dealt, the kinds of services provided by the Employer to customers,
the manner in which such services are performed or offered to be performed, the service needs of actual or prospective customers,
customer preferences and policies, pricing information, business and marketing plans, financial information, budgets, compensation
or personnel records, information concerning the creation, acquisition or disposition of products and services, vendors, software,
data processing programs, databases, customer maintenance listings, computer software applications, research and development data,
know-how and other trade secrets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the above, Confidential
Information does not include information which: (i)&nbsp;is or becomes public knowledge without breach of this Agreement&#894;
or (ii)&nbsp;is received by the Employee from a third party without any violation of any obligation of confidentiality and without
confidentiality restrictions&#894; provided, however, that nothing in this Agreement shall prevent the Employee from participating
in or disclosing documents or information in connection with any judicial or administrative investigation, inquiry or proceeding
to the extent that such participation or disclosure is required under applicable law&#894; provided further, however, that the
Employee will provide the Employer with prompt notice of such request so that the Employer may seek (with the cooperation of the
Employee, if so requested by the Employer), a protective order or other appropriate remedy and/or waiver in writing of compliance
with the provisions of this Agreement. If a particular portion or aspect of Confidential Information becomes subject to any of
the foregoing exceptions, all other portions or aspects of such information shall remain subject to all of the provisions of this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>At all times, both during the period of the Employee&rsquo;s services for the Employer and after termination of the
Employee&rsquo;s services, the Employee will keep in strictest confidence and trust all Confidential Information and the Employee
will not directly or indirectly use or disclose to any third-party any Confidential Information, except as may be necessary in
the ordinary course of performing the Employee&rsquo;s duties for the Employer, or disclose any Confidential Information, or permit
or encourage any other person or entity to do so, without the prior written consent of the Employer except as may be necessary
in the ordinary course of performing the Employee&rsquo;s duties for the Employer. <FONT STYLE="color: windowtext">Notwithstanding
anything to the contrary in this Agreement or otherwise, nothing shall limit the Employee&rsquo;s rights under applicable law to
provide truthful information to any governmental entity or to file a change with or participate in an investigation conducted by
any governmental entity. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="color: windowtext">The Employee is hereby notified that the immunity provisions in Section 1833 of title
18 of the United States Code provide that an individual cannot be held criminally or civilly liable under any federal or state
trade secret law for any disclosure of a trade secret that is made (1) in confidence to federal, state or local government officials,
either directly or indirectly, or to an attorney, and is solely for the purpose of reporting or investigating a suspected violation
of the law, (2) under seal in a complaint or other document filed in a lawsuit or other proceeding, or (3) to your attorney in
connection with a lawsuit for retaliation for reporting a suspected violation of law (and the trade secret may be used in the court
proceedings for such lawsuit) as long as any document containing the trade secret is filed under seal and the trade secret is not
disclosed except pursuant to court order.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Employee agrees to return promptly all Confidential Information in tangible form, including, without limitation,
all photocopies, extracts and summaries thereof, and any such information stored electronically on tapes, computer disks, mobile
or remote computers (including personal digital assistants) or in any other manner to the Employer at any time that the Employer
makes such a request and automatically, without request, within five (5) days after the termination of the Employee&rsquo;s performance
of services for the Employer for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Miscellaneous</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law</U>. In the absence of controlling Federal law, this Agreement shall be governed by and interpreted
under the substantive law of the State of New Jersey.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. If any provision of this Agreement shall be held to be invalid, void or unenforceable, the remaining
provisions hereof shall in no way be affected or impaired, and such remaining provisions shall remain in full force and effect.
If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would
become valid or enforceable, then such provision shall be deemed to be written, construed and enforced as so limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Entire Agreement&#894; Amendment</U>. This Agreement sets for the entire understanding of the parties with regard
to the subject matter contained herein and supersedes any and all prior agreements, arrangements or understandings relating to
the subject matter hereof and may only be amended by written agreement signed by both parties hereto or their duly authorized representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Successors and Assigns</U>. This Agreement shall be binding upon and become the legal obligation of the successors
and assigns of the Employer and shall inure to the benefit of the Employee&rsquo;s estate, heirs and representatives in the event
of her death or Disability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Clawback and Recoupment</U>. Any amounts paid to the Employee hereunder shall be subject to any generally applicable
clawback or recoupment policy adopted by the Employer, or the requirements of any law or regulation applicable to the Employer
and governing the clawback or recoupment of executive compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Section&nbsp;409A Compliance</U>. If the Employee is a &ldquo;specified employee&rdquo; for purposes of Section&nbsp;409A
of the Code, to the extent required to comply with Section&nbsp;409A of the Code, any payments required to be made pursuant to
this Agreement which are deferred compensation and subject to Section&nbsp;409A of the Code (and do not qualify for an exemption
thereunder) shall not commence until one day after the day which is six (6) months from the date of termination. Should this Section&nbsp;11(f)
result in a delay of payments to the Employee, on the first day any such payments may be made without incurring a penalty pursuant
to Section&nbsp;409A (the &ldquo;409A Payment Date&rdquo;), the Employer shall begin to make such payments as described in this
Section&nbsp;11(f), provided that any amounts that would have been payable earlier but for application of this Section&nbsp;11(f)
shall be paid in lump-sum on the 409A Payment Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Release</U>. All payments and benefits under Sections&nbsp;6(d) or 7(c) hereof shall be contingent upon the Employee
executing a general release of claims in favor of the Employer, its subsidiaries and affiliates, and their respective officers,
directors, shareholders, partners, members, managers, agents or employees, in the form attached hereto as Exhibit&nbsp;A, and which
must be executed by the Employee no later than the twenty second (22nd) day after the termination of the Employee&rsquo;s employment.
Payments under this Agreement that are contingent upon such release shall, subject to Section&nbsp;11(f), commence within eight
(8) days after such release becomes effective&#894; provided, however, that if the Employee&rsquo;s termination of employment occurs
on or after November 15 of a calendar year, then severance payments shall, subject to the effectiveness of such release and Section&nbsp;11(f),
commence on the first business day of the following calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have executed this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CONNECTONE BANK</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Frank S. Sorrentino, III </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer and President</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CONNECTONE BANCORP, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer and President</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>EMPLOYEE:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Elizabeth Magennis</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Elizabeth Magennis</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">EXHIBIT
A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>RELEASE AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Release Agreement
(this &ldquo;Agreement&rdquo;) is dated <FONT STYLE="font-family: Symbol">&middot;</FONT>, 20__, by and among Elizabeth Magennis
(&ldquo;Executive&rdquo;), CONNECTONE BANCORP, INC. and CONNECTONE BANK (collectively &ldquo;CNOB&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to the terms of that certain Employment Agreement dated June 1, 2017 between Executive and CNOB (the &ldquo;Employment Agreement&rdquo;),
Executive has become entitled to receive a payment pursuant to either Section&nbsp;6(d) or 7(c) of the Employment Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to Section&nbsp;11(g) of the Employment Agreement, it is a condition precedent to CNOB&rsquo;s obligation to make such payments
that Executive enter into this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,
IN CONSIDERATION </B>of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>Release and Waiver</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Executive, for herself, her heirs, successors and assigns, does hereby generally and completely waive, release and
forever discharge, CNOB, and all their representatives, officers, directors employees and affiliates, and each and every successor,
assign and agent (the &ldquo;Released CNOB&rdquo;), from and against any and all claims. As used herein, &ldquo;claims&rdquo; means
any and all matters relating to the Employment Agreement, including, but not limited to, any and all claims related to Executive&rsquo;s
service as an employee, officer or director of CNOB or any subsidiary or affiliate through the effective date of this Agreement
or arising from or related to Executive&rsquo;s service with CNOB, and any and all claims, debts, liabilities, demands, obligations,
promises, acts, agreements, costs, expenses, damages, actions and causes of actions, whether in law or in equity, whether known
or unknown, suspected or unsuspected, arising from Executive&rsquo;s employment or service with CNOB or any subsidiary or affiliate
thereof, and, except as set forth below, also includes but is not limited to: (i)&nbsp;claims under federal, state or local law
(statutory or decisional) for breach of contract, tort, wrongful or abusive or unfair discharge or dismissal, impairment of economic
opportunity or defamation, breach of fiduciary duty, intentional infliction of emotional distress, or discrimination based upon
race, color, ethnicity, sex, age, national origin, religion, disability, sexual orientation or any other unlawful criterion or
circumstance&#894; (ii)&nbsp;claims for compensation, bonuses or benefits&#894; (iii)&nbsp;claims under any employment letter,
service agreement, severance program, compensation, bonus, incentive, deferred retirement, health, welfare or benefit plan or arrangement
maintained by CNOB and its affiliates&#894; (iv)&nbsp;claims for sexual harassment&#894; (v)&nbsp;claims related to whistle blowing&#894;
(vi)&nbsp;claims for punitive, incidental, indirect, consequential, special or exemplary damages&#894; (vii)&nbsp;claims for violations
of any of the following laws (as amended) from the beginning of time to the effective date of this Agreement: the Equal Pay Act,
the Civil Rights Act of 1866, 42 U.S.C. &sect;&nbsp;1981, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991
as amended, the Equal Pay Act, the Genetic Information and Discrimination Act, the Americans with Disabilities Act of 1991, the
Worker Adjustment Retraining and Notification Act, 29 U.S.C. &sect;&nbsp;2101, <I>et seq.</I>, the Family and Medical Leave Act
of 1993, the Rehabilitation Act, Executive Order 11246, all claims and damages relating to race, sex, national origin, disabilities,
religion, sexual orientation and age, all employment discrimination claims arising under similar state, country or city statutes,
any claims for unpaid compensation, wages and bonuses under the federal Fair Labor Standards Act, 29 U.S.C. &sect;&nbsp;201, <I>et
seq.</I>, any and all claims for violation of Code Section&nbsp;409A, or any state, county or city law or ordinance regarding wages
or compensation, and (viii)&nbsp;claims for violations of any other applicable labor or employment statute or law, from the beginning
of time to the effective date of this Agreement. For avoidance of doubt, this Section&nbsp;includes a release of claims under the
New Jersey Law Against Discrimination, the New Jersey State WARN Act, the New Jersey Conscientious Employee Protection Act, the
New Jersey Smoke-Free Air Act, the New Jersey Equal Pay Act, the New Jersey Occupational Safety and Health Law, the New Jersey
Temporary Disability Benefits Act and the New Jersey Family Leave Act. In addition, Executive waives any and all rights under the
laws of any jurisdiction in the United States that limit a general release to those claims that are known or suspected to exist
in Executive&rsquo;s favor as of the effective date of this Agreement. The foregoing list is meant to be illustrative rather than
exclusive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Notwithstanding the foregoing, Executive does not waive any rights related to: (i)&nbsp;CNOB&rsquo;s obligations
to make payments or provide other benefits under either Section&nbsp;6(c) or 7(c) of the Employment Agreement, (ii)&nbsp;claims
for payment under any equity compensation plan of CNOB in effect as of the date hereof and under which Executive received an award,
(iii)&nbsp;claims for benefits under CNOB&rsquo;s tax-qualified retirement plans or other benefit or compensation plans in which
Executive has a vested benefit, or (iv)&nbsp;claims for benefits required by applicable law or health insurance coverage under
applicable state and federal group health care continuation coverage laws (e.g., COBRA). In addition, excluded from this release
and waiver are any claims which cannot be waived by law, including, but not limited to, the right to file a charge or complaint
with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration,
the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, or any other self-regulatory organization
or any other federal, state or local governmental agency or commission (each a &ldquo;Governmental Agency&rdquo;), or to testify,
assist or participate in any investigation, hearing or proceeding conducted by a Governmental Agency. In the event Executive files
a charge or complaint with a Government Agency, or a Government Agency asserts a claim on Executive&rsquo;s behalf, Executive agrees
that his release of claims in this Agreement shall nevertheless bar Executive&rsquo;s right (if any) to any monetary or other recovery
(including reinstatement), except that Executive does not waive: (i) Executive&rsquo;s right to receive an award from the Securities
and Exchange Commission pursuant to Section 21F of the Securities Exchange Act of 1934, and (ii) any other right where waiver is
expressly prohibited by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="color: windowtext">Executive agrees not to institute, nor has Executive </FONT>instituted, a lawsuit
against any Released Company Party based on any waived claims or rights as set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B>EXCEPT AS OTHERWISE PROVIDED HEREIN, EXECUTIVE ACKNOWLEDGES AND AGREES THAT THIS RELEASE IS A FULL AND FINAL BAR
TO ANY AND ALL CLAIM(S) OF ANY TYPE THAT EXECUTIVE MAY NOW HAVE AGAINST ANY RELEASED COMPANY PARTY.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>Injunctive Relief</U></B>. The parties hereto recognize that irreparable injury will result to CNOB, their
businesses and properties in the event of Executive&rsquo;s breach of any covenants or agreements contained herein. CNOB will be
entitled, in addition to any other remedies and damages available to it, to an injunction prohibiting Executive from committing
any violation or threatened violation of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>General Provisions</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Heirs, Successors and Assigns</U>. The terms of this Agreement will be binding upon the parties hereto and their
respective heirs, personal representatives, successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Final Agreement</U>. This Agreement represents the entire understanding of the parties with respect to the subject
matter hereof and supersedes all prior understandings, written or oral. The terms of this Agreement may be changed, modified or
discharged only by an instrument in writing signed by the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law</U>. This Agreement will be construed, enforced and interpreted in accordance with and governed
by the laws of the State of New Jersey, without reference to its principles of conflicts of law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Counterparts</U>. This Agreement may be executed in one or more counterparts, each of which counterpart, when
so executed and delivered, will be deemed an original and all of which counterparts, taken together, will constitute but one and
the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. Any term or provision of this Agreement which is held to be invalid or unenforceable will be
ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have signed this Agreement on the dates set forth below and Executive hereby declares that the terms of this
Agreement have been completely read, are fully understood, and are voluntarily accepted after complete consideration of all facts
and legal claims.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>PLEASE READ CAREFULLY. THIS AGREEMENT
INCLUDES A RELEASE OF CERTAIN KNOWN AND UNKNOWN CLAIMS. CNOB HEREBY ADVISES EXECUTIVE TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING
THIS AGREEMENT.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD>Date</TD>
    <TD>&nbsp;</TD>
    <TD><B>EXECUTIVE</B></TD></TR>
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<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>exh_104.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">Exhibit 10.4</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">EMPLOYMENT
AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Amended and Restated
Employment Agreement (the &ldquo;Employment Agreement&rdquo;), executed as of this 1<SUP>st</SUP> day of June, 2017 (the &ldquo;Effective
Date&rdquo;), by and between <B>CHRISTOPHER J. EWING, </B>an individual residing at 138 N. Rolling Rd., Springfield, Pennsylvania
19064 (the &ldquo;Employee&rdquo;), <B>CONNECTONE BANK</B>, a New Jersey state chartered commercial bank with its principal place
of business located at 301 Sylvan Avenue, Englewood Cliffs, NJ 07632 (the &ldquo;Bank&rdquo;), and <B>CONNECTONE BANCORP</B>, <B>INC</B>.,
a New Jersey corporation with its principal place of business located at 301 Sylvan Avenue, Englewood Cliffs, NJ 07632 (the &ldquo;Company&rdquo;&#894;
the Bank and the Company sometimes collectively are referred to herein as &ldquo;Employer&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Board of Directors of the Bank and the Board of Directors of the Company have each determined that it is in the best interests
of each of the Bank and the Company to enter into this Agreement with the Employee, and each respective Board has authorized the
Bank and the Company to enter into this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, the
Employee agrees to be employed pursuant to the terms and conditions of this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
in consideration of the premises and covenants contained herein, and with the intent to be legally bound hereby, the parties hereto
hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Employment</I>. The Company and the Bank hereby jointly agree to employ the Employee, and the Employee hereby
accepts such employment, upon the terms and conditions set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Position and Duties</I>. The Employee shall be employed, as Executive Vice President and Chief Operations Officer
of the Company and the Bank, to perform such services in that capacity as are usual and customary for comparable institutions and
shall from time-to-time be established by the Chief Executive Officer and/or the Board of the Directors of the Company and the
Bank. The Employee agrees that he will devote his full business time and efforts to his duties hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Compensation</I>. The Employer shall pay to the Employee compensation for his services as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Base Salary</U>. The Employee shall be entitled to receive during his service hereunder a minimum annual base
salary (the &ldquo;Base Salary&rdquo;) of Three Hundred Ten Thousand ($310,000), which shall be payable in installments in accordance
with the Employer&rsquo;s usual payroll method. Annually commencing in 2018, the Board of Directors shall review the Employee&rsquo;s
performance, the status of the Employer and such other factors as the Board of Directors or a committee thereof shall deem appropriate
and shall adjust the Base Salary accordingly; provided, however, that the Base Salary shall not be reduced unless such reduction
is part of an overall reduction in salary applicable to all senior executive officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Incentive Plans</U>. The Employee shall be entitled to participate in the Employer&rsquo;s incentive plan for
executive officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Other Benefits</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Automobile</U>. The Employee shall be entitled to a cash allowance in the amount of seven hundred and fifty ($750)
dollars per month to be used for the purpose of maintaining an automobile for use in the business of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Insurance Coverage and Employee Benefit Plans.</U> The Employee shall be entitled to receive hospital, health,
medical, and life insurance of a type currently provided to and enjoyed by other senior officers of the Employer, and shall be
entitled to participate in any other employee benefit, incentive or retirement plans offered by the Employer to its employees generally
or to its senior management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Expenses</U>. The Employee shall be entitled to reimbursement for all proper business expenses incurred by him
with respect to the business of the Employer upon the provision of documentation evidencing such expenses in accordance with the
Employer&rsquo;s expense reimbursement policies and in the same manner and to the same extent as such expenses are reimbursed to
other officers of the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Vacation</U>. The Employee shall be entitled to vacations and other leave in accordance with the Employer&rsquo;s
policy for senior executives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Term</I>. The term of this Agreement shall commence on the Effective Date and continue until the third anniversary
of the Effective Date (the &ldquo;Term&rdquo;)&#894; provided, however, that unless either party gives written notice at least
ninety (90) days prior to the anniversary of the Effective Date, this Agreement shall renew for one (1) additional year on each
such anniversary of the Effective Date, and such extended period shall be deemed to be included within the Term.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">6.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Termination</I>. The Employee may be terminated at any time, without prejudice to Employee&rsquo;s right to compensation
or benefits as provided herein. The Employee&rsquo;s rights upon a termination shall be as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Cause</U>. For purposes of this Agreement, &ldquo;Cause&rdquo; with respect to the termination by the Employer
(as defined below) of the Employee&rsquo;s employment shall mean (i)&nbsp;willful and continued failure, for a period of at least
thirty (30) calendar days, by the Employee to perform his duties for the Employer under this Agreement after at least one (1) warning
in writing from the Compensation Committee of the Board of Directors of the Employer, or such person or body to which such body
may delegate such authority, identifying specifically any such failure, (ii)&nbsp;the willful engaging by the Employee in misconduct
which causes material injury to the Employer as specified in written notice to the Employee from the Compensation Committee of
the Board of Directors of the Employer, or such person or body to which such body may delegate such authority&#894; or (iii)&nbsp;conviction
of or a plea of nolo contendere to a crime (other than a traffic violation) which is either a felony or an indictable offense or
the Employee&rsquo;s habitual drunkenness, drug abuse, or excessive absenteeism other than due to Disability (as defined herein),
after a warning (with respect to drunkenness or absenteeism only) in writing from the Compensation Committee of the Board of Directors
of the Employer, or such person or body to which such body may delegate such authority to refrain from such behavior.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Good Reason</U>. For purposes of this Agreement, &ldquo;Good Reason&rdquo; with respect to the resignation by
the Employee shall mean (i) a material diminution in title, reporting duties or responsibilities of the Employee, (ii)&nbsp;a relocation
of the Employee&rsquo;s principal place of employment by more than fifty (50) miles from its location on the date of this Agreement,
(iii)&nbsp;a material breach by the Employer of Section 3 or 4 of this Agreement or (iv) any other action or inaction that constitutes
a material breach by the Employer of this Agreement; provided, however, that a resignation shall not be for &ldquo;Good Reason&rdquo;
unless the Employee provides the Employer with notice of existence of any condition that may constitute Good Reason within ninety
(90) calendar days of his initial knowledge of the existence thereof, the Employer has not cured the condition within thirty (30)
calendar days of such notice and the Employee resigns within ninety (90) calendar days after the lapse of the cure period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination with Cause</U>. The Employer shall have the right to terminate the Employee for &ldquo;cause&rdquo;.
In the event of such termination, the Employee shall only be entitled to salary and benefits accrued through the date of termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Termination without Cause or for Good Reason</U>. Upon a termination of the Employee&rsquo;s employment hereunder
without &ldquo;cause&rdquo;, or the Employee&rsquo;s resignation for &ldquo;good reason&rdquo;, in recognition of such termination
and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections 8, 9 and 10 hereof, the Employee shall be
entitled to receive a lump sum severance payment equal to three-quarters (0.75) times the sum of (i)&nbsp;his then current annual
Base Salary, and (ii)&nbsp;his then current target cash bonus. In addition, the Employee shall be entitled to receive a lump sum
payment equal to his bonus for the year in which his termination of employment occurs, prorated for the number of days the Employee
worked for the Company during the year of termination. Such bonus will be based on actual performance and will be paid at the time
annual bonuses for such year are ordinarily paid. This lump sum severance payment shall be made to the Employee in accordance with
the terms of Section&nbsp;11(g) hereof, and subject to Section&nbsp;11(f) hereof. In addition, the Employer shall continue to provide
the Employee with hospital, health, medical and life insurance, and any other like benefits in effect at the time of such termination,
on the terms and conditions under which they were offered to the Employee prior to such termination for a period of eighteen (18)
months. In the event the Employer, under its insurance and benefit plans then in effect, is unable to provide the Employee with
the benefits provided for above under the terms provided for herein, then in lieu of providing such benefits, the Employer will
pay an amount equal, on an after tax basis, to the Employee&rsquo;s premium to continue such coverage pursuant to the terms of
the Comprehensive Omnibus Budget Reconciliation Act. The Employee shall have no duty to mitigate damages in connection with his
termination by the Employer without &ldquo;cause&rdquo; or the Employee&rsquo;s resignation for &ldquo;good reason&rdquo;. However,
if the Employee obtains new employment and such new employment provides for hospital, health, medical and life insurance, and other
benefits, in a manner substantially similar to the benefits payable by the Employer hereunder, the Employer may permanently terminate
the duplicative benefits it is obligated to provide hereunder. Following the cessation of the continuation of the Employee&rsquo;s
hospital, health and medical insurance, the Employee shall be permitted to elect to extend such insurance coverage under the policies
maintained by the Employer in accordance with the applicable provisions of the Section&nbsp;4980B of the Internal Revenue Code
of 1986, as amended (the &ldquo;Code&rdquo;), and/or applicable state law, to the extent eligible to do so under the Code and such
state law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Death or Disability.</U> This Agreement shall automatically terminate upon the death or Disability of the Employee.
Upon such termination, the Employee shall not be entitled to any additional compensation hereunder; provided, however, that the
foregoing shall not prejudice the Employee&rsquo;s right to be paid for all compensation earned through the date of such termination
and the benefits of any insurance programs maintained for the benefit of the Employee or his beneficiaries in the event of his
death or Disability. For purposes hereof, Disability shall be defined to mean a disability under any long term disability plan
of the Employer then in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">7.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Change in Control</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Upon the termination of the Employee&rsquo;s employment upon the occurrence of a Change in Control (as herein defined),
and in recognition of such termination and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections 8,
9 and 10 hereof, the Employee shall be entitled to receive the payments provided for under paragraph&nbsp;(c) hereof. In addition,
if within two (2) years of the occurrence of a Change in Control, the Employer or its successor shall terminate Employee&rsquo;s
employment hereunder without &ldquo;cause&rdquo;, or the Employee resigns for &ldquo;good reason&rdquo;, in recognition of such
termination and the Employee&rsquo;s agreement to be bound by the covenants contained in Sections&nbsp;8, 9 and 10 hereof, the
Employee shall have the right to resign his employment with the Employer or its successor and thereafter the Employee shall become
entitled to receive the payments provided for under paragraph&nbsp;(c) below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>A &ldquo;Change in Control&rdquo; shall mean:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">a reorganization, merger, consolidation or sale of all or substantially all of the assets of the
Company, or a similar transaction, in any case in which the holders of the voting stock of the Company prior to such transaction
do not hold (in substantially the same proportion) a majority of the voting power of the resulting entity (or an entity that wholly
owns the resulting entity)&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">individuals who constitute the Incumbent Board (as herein defined) of the Company cease for any
reason to constitute a majority thereof; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">any person becomes the beneficial owner of securities representing 25% or more of the combined
voting stock of the Company <I>other than</I> (1) Employee or any group that includes Employee or (2) an entity referred to in
the parenthetical to clause (b)(i) of this definition.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For these purposes,
&ldquo;Incumbent Board&rdquo; means the Board of Directors of the Company on the date hereof and any person who becomes a director
subsequent to the date hereof whose election was approved by a voting of at least three-quarters of the directors comprising the
Incumbent Board or whose nomination for election by members or stockholders was approved by the same nominating committee serving
under an Incumbent Board. <I>However</I>, the Incumbent Board will not include anyone who becomes a member of the Board of Directors
as a result of either (i) an actual or threatened election contest or proxy or consent solicitation on behalf of anyone other than
the Board of the Directors, including as a result of any appointment, nomination or other agreement intended to avoid or settle
a contest or solicitation, or (ii) agreement with any third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>In the event the conditions of Section&nbsp;(a) above are satisfied, the Employee shall be entitled to receive a
lump sum payment equal to one (1) times the sum of (i)&nbsp;the Employee&rsquo;s current annual Base Salary plus (ii)&nbsp;the
Employee&rsquo;s current target cash bonus. In addition, the Employee shall be entitled to receive a lump sum payment equal to
his bonus for the year in which his termination of employment occurs, prorated for the number of days the Employee worked for the
Company during the year of termination. Such bonus will be based on actual performance and will be paid at the time annual bonuses
for such year are ordinarily paid. The payments provided for hereunder shall be made in accordance with the terms of Section&nbsp;11(g)
hereof, and subject to Section&nbsp;11(f) hereof. In addition to the foregoing, the Employee shall be entitled to receive from
the Employer, or its successor, hospital, health, medical and life insurance on the terms and at the cost to the Employee as the
Employee was receiving such benefits upon the date of his termination. The Employer&rsquo;s obligation to continue such insurance
benefits will be for a period of eighteen (18) months from the effective date of the Change in Control. If any payments provided
for hereunder, when combined with any other payments due to the Employee contingent upon a Change in Control, constitute an &ldquo;excess
parachute payment&rdquo; under Section&nbsp;280G of the Code, the total payments will be reduced such that no portion of such payments
are subject to the excise tax under Section&nbsp;4999 of the Code <I>to the extent that</I>, after all applicable taxes, the Employee
retains more of the total payments after this reduction than if the full amount were payable. Payments will be reduced in such
manner as has the least economic effect on the Employee. In applying these principles, any reduction or elimination of the Payments
shall be made in a manner consistent with the requirements of Section 409A of the Code and where two economically equivalent amounts
are subject to reduction but payable at different times, such amounts shall be reduced on a pro rata basis but not below zero.
Unless the Employer and the Employee otherwise agree in writing, any determination required under this Section 7(c) shall be made
in writing by a nationally-recognized accounting firm selected by the Employee (the &ldquo;Accountants&rdquo;), whose determination
will be conclusive and binding upon the Employee and the Employer for all purposes. For purposes of making the calculations required
by this Section 7(c), the Accountants (i) may make reasonable assumptions and approximations concerning applicable taxes, (ii)
may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code, and (iii)
shall take into account a &ldquo;reasonable compensation&rdquo; (within the meaning of Q&amp;A-9 and Q&amp;A-40 to Q&amp;A 44 of
the final regulations under Section 280G of the Code) analysis of the value of services provided or to be provided by the Employee,
including any agreement by the Employee (if applicable) to refrain from performing services pursuant to a covenant not to compete
or similar covenant applicable to the Employee that may then be in effect (including, without limitation, those contemplated by
Sections 8 and 9 of this Agreement). The Employer and the Employee agree to furnish to the Accountants such information and documents
as the Accountants may reasonably request in order to make a determination under this provision. The Employer shall bear all costs
the Accountants may reasonably incur in connection with any calculations contemplated by this provision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">8.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Covenant Not to Compete</I>. As consideration for the benefits conferred upon the Employee hereunder, including,
but not limited to the Employee&rsquo;s right to severance under Section&nbsp;6(d) and to a change in control payment under Section&nbsp;7(c),
the Employee agrees that during the term of his employment hereunder and for a period of one (1) year after the termination of
his employment (the &ldquo;Covenant Term&rdquo;), provided that he is entitled to severance hereunder upon such termination, he
will not in any way, directly or indirectly, manage, operate, control, accept employment or a consulting position with or otherwise
advise or assist or be connected with or own or have any other interest in or right with respect to (other than through ownership
of not more than five percent (5%) of the outstanding shares of a corporation whose stock is listed on a national securities exchange
or on NASDAQ) any enterprise with headquarters which are less than 50 miles from Employer&rsquo;s headquarters which competes with
the Employer in the business of banking in the counties in which Employer conducts its business on the date of the Employee&rsquo;s
termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">9.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Non Solicitation</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the period the
Employee is performing services for the Employer and for a period of one (1) year following the termination of the Employee&rsquo;s
services for the Employer for any reason, the Employee agrees that the Employee will not, directly or indirectly, for the Employee&rsquo;s
benefit or for the benefit of any other person, firm or entity, do any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(i)</FONT></TD><TD STYLE="text-align: justify">solicit or attempt to solicit from any customer that the Employee serviced or learned of while
in the employ of the Employer (&ldquo;Customer&rdquo;), or any potential customer of the Employer which has been the subject of
a known written or oral bid, offer or proposal by the Employer, or of substantial preparation with a view to making such a bid,
proposal or offer, within twelve (12) months prior to such Employee&rsquo;s termination (&ldquo;Potential Customer&rdquo;), business
of a similar nature or related to the business of the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(ii)</FONT></TD><TD STYLE="text-align: justify">accept any business from, or perform any work or services for, any Customer or Potential Customer,
which business, work or services is similar to the business of the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iii)</FONT></TD><TD STYLE="text-align: justify">cause or induce or attempt to cause or induce any Customer, Potential Customer, licensor, supplier
or vendor of the Employer to reduce or sever its affiliation with the Employer&#894;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(iv)</FONT></TD><TD STYLE="text-align: justify">solicit the employment or services of, or hire or engage, or assist anyone else to hire or engage,
any person who was known to be employed or engaged by or was a known employee of or consultant to the Employer upon the termination
of the Employee&rsquo;s services to the Employer, or within twelve (12) months prior thereto&#894; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: #010000">(v)</FONT></TD><TD STYLE="text-align: justify">otherwise interfere with the business or accounts of the Employer.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For purposes hereof, &ldquo;solicitation&rdquo;
shall include directly or indirectly initiating any contact or communication of any kind whatsoever for purposes of inviting, encouraging
or requesting such Customer, Potential Customer, licensor, supplier, vendor, employee or consultant to materially alter its business
relationship, or engage in business, with the Employee or any person, firm or entity other than the Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">10.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Confidential Information</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>As used herein, &ldquo;Confidential Information&rdquo; means any confidential or proprietary information relating
to the Employer and its affiliates including, without limitation, the identity of the Employer&rsquo;s customers, the identity
of representatives of customers with whom the Employer has dealt, the kinds of services provided by the Employer to customers,
the manner in which such services are performed or offered to be performed, the service needs of actual or prospective customers,
customer preferences and policies, pricing information, business and marketing plans, financial information, budgets, compensation
or personnel records, information concerning the creation, acquisition or disposition of products and services, vendors, software,
data processing programs, databases, customer maintenance listings, computer software applications, research and development data,
know-how and other trade secrets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding the above, Confidential
Information does not include information which: (i)&nbsp;is or becomes public knowledge without breach of this Agreement&#894;
or (ii)&nbsp;is received by the Employee from a third party without any violation of any obligation of confidentiality and without
confidentiality restrictions&#894; provided, however, that nothing in this Agreement shall prevent the Employee from participating
in or disclosing documents or information in connection with any judicial or administrative investigation, inquiry or proceeding
to the extent that such participation or disclosure is required under applicable law&#894; provided further, however, that the
Employee will provide the Employer with prompt notice of such request so that the Employer may seek (with the cooperation of the
Employee, if so requested by the Employer), a protective order or other appropriate remedy and/or waiver in writing of compliance
with the provisions of this Agreement. If a particular portion or aspect of Confidential Information becomes subject to any of
the foregoing exceptions, all other portions or aspects of such information shall remain subject to all of the provisions of this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>At all times, both during the period of the Employee&rsquo;s services for the Employer and after termination of the
Employee&rsquo;s services, the Employee will keep in strictest confidence and trust all Confidential Information and the Employee
will not directly or indirectly use or disclose to any third-party any Confidential Information, except as may be necessary in
the ordinary course of performing the Employee&rsquo;s duties for the Employer, or disclose any Confidential Information, or permit
or encourage any other person or entity to do so, without the prior written consent of the Employer except as may be necessary
in the ordinary course of performing the Employee&rsquo;s duties for the Employer. <FONT STYLE="color: windowtext">Notwithstanding
anything to the contrary in this Agreement or otherwise, nothing shall limit the Employee&rsquo;s rights under applicable law to
provide truthful information to any governmental entity or to file a change with or participate in an investigation conducted by
any governmental entity. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><FONT STYLE="color: windowtext">The Employee is hereby notified that the immunity provisions in Section 1833 of title
18 of the United States Code provide that an individual cannot be held criminally or civilly liable under any federal or state
trade secret law for any disclosure of a trade secret that is made (1) in confidence to federal, state or local government officials,
either directly or indirectly, or to an attorney, and is solely for the purpose of reporting or investigating a suspected violation
of the law, (2) under seal in a complaint or other document filed in a lawsuit or other proceeding, or (3) to your attorney in
connection with a lawsuit for retaliation for reporting a suspected violation of law (and the trade secret may be used in the court
proceedings for such lawsuit) as long as any document containing the trade secret is filed under seal and the trade secret is not
disclosed except pursuant to court order.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Employee agrees to return promptly all Confidential Information in tangible form, including, without limitation,
all photocopies, extracts and summaries thereof, and any such information stored electronically on tapes, computer disks, mobile
or remote computers (including personal digital assistants) or in any other manner to the Employer at any time that the Employer
makes such a request and automatically, without request, within five (5) days after the termination of the Employee&rsquo;s performance
of services for the Employer for any reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">11.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><I>Miscellaneous</I>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law</U>. In the absence of controlling Federal law, this Agreement shall be governed by and interpreted
under the substantive law of the State of New Jersey.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. If any provision of this Agreement shall be held to be invalid, void or unenforceable, the remaining
provisions hereof shall in no way be affected or impaired, and such remaining provisions shall remain in full force and effect.
If a court finds that any provision of this Agreement is invalid or unenforceable, but that by limiting such provision it would
become valid or enforceable, then such provision shall be deemed to be written, construed and enforced as so limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Entire Agreement&#894; Amendment</U>. This Agreement sets for the entire understanding of the parties with regard
to the subject matter contained herein and supersedes any and all prior agreements, arrangements or understandings relating to
the subject matter hereof and may only be amended by written agreement signed by both parties hereto or their duly authorized representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Successors and Assigns</U>. This Agreement shall be binding upon and become the legal obligation of the successors
and assigns of the Employer and shall inure to the benefit of the Employee&rsquo;s estate, heirs and representatives in the event
of his death or Disability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Clawback and Recoupment</U>. Any amounts paid to the Employee hereunder shall be subject to any generally applicable
clawback or recoupment policy adopted by the Employer, or the requirements of any law or regulation applicable to the Employer
and governing the clawback or recoupment of executive compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Section&nbsp;409A Compliance</U>. If the Employee is a &ldquo;specified employee&rdquo; for purposes of Section&nbsp;409A
of the Code, to the extent required to comply with Section&nbsp;409A of the Code, any payments required to be made pursuant to
this Agreement which are deferred compensation and subject to Section&nbsp;409A of the Code (and do not qualify for an exemption
thereunder) shall not commence until one day after the day which is six (6) months from the date of termination. Should this Section&nbsp;11(f)
result in a delay of payments to the Employee, on the first day any such payments may be made without incurring a penalty pursuant
to Section&nbsp;409A (the &ldquo;409A Payment Date&rdquo;), the Employer shall begin to make such payments as described in this
Section&nbsp;11(f), provided that any amounts that would have been payable earlier but for application of this Section&nbsp;11(f)
shall be paid in lump-sum on the 409A Payment Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Release</U>. All payments and benefits under Sections&nbsp;6(d) or 7(c) hereof shall be contingent upon the Employee
executing a general release of claims in favor of the Employer, its subsidiaries and affiliates, and their respective officers,
directors, shareholders, partners, members, managers, agents or employees, in the form attached hereto as Exhibit&nbsp;A, and which
must be executed by the Employee no later than the twenty second (22nd) day after the termination of the Employee&rsquo;s employment.
Payments under this Agreement that are contingent upon such release shall, subject to Section&nbsp;11(f), commence within eight
(8) days after such release becomes effective&#894; provided, however, that if the Employee&rsquo;s termination of employment occurs
on or after November 15 of a calendar year, then severance payments shall, subject to the effectiveness of such release and Section&nbsp;11(f),
commence on the first business day of the following calendar year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have executed this Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CONNECTONE BANK</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer and President</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>CONNECTONE BANCORP, INC.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Frank S. Sorrentino, III</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Chief Executive Officer and President</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>EMPLOYEE:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%; border-bottom: Black 1pt solid">/s/ Christopher J. Ewing</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Christopher J. Ewing</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">EXHIBIT
A</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>RELEASE AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Release Agreement
(this &ldquo;Agreement&rdquo;) is dated, 20__, by and among Christopher J. Ewing (&ldquo;Executive&rdquo;), CONNECTONE BANCORP,
INC. and CONNECTONE BANK (collectively &ldquo;CNOB&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to the terms of that certain Employment Agreement dated June1, 2017 between Executive and CNOB (the &ldquo;Employment Agreement&rdquo;),
Executive has become entitled to receive a payment pursuant to either Section&nbsp;6(d) or 7(c) of the Employment Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS</B>, pursuant
to Section&nbsp;11(g) of the Employment Agreement, it is a condition precedent to CNOB&rsquo;s obligation to make such payments
that Executive enter into this Agreement&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW, THEREFORE,
IN CONSIDERATION </B>of good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>Release and Waiver</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>The Executive, for himself, his heirs, successors and assigns, does hereby generally and completely waive, release
and forever discharge, CNOB, and all their representatives, officers, directors employees and affiliates, and each and every successor,
assign and agent (the &ldquo;Released CNOB&rdquo;), from and against any and all claims. As used herein, &ldquo;claims&rdquo; means
any and all matters relating to the Employment Agreement, including, but not limited to, any and all claims related to Executive&rsquo;s
service as an employee, officer or director of CNOB or any subsidiary or affiliate through the effective date of this Agreement
or arising from or related to Executive&rsquo;s service with CNOB, and any and all claims, debts, liabilities, demands, obligations,
promises, acts, agreements, costs, expenses, damages, actions and causes of actions, whether in law or in equity, whether known
or unknown, suspected or unsuspected, arising from Executive&rsquo;s employment or service with CNOB or any subsidiary or affiliate
thereof, and, except as set forth below, also includes but is not limited to: (i)&nbsp;claims under federal, state or local law
(statutory or decisional) for breach of contract, tort, wrongful or abusive or unfair discharge or dismissal, impairment of economic
opportunity or defamation, breach of fiduciary duty, intentional infliction of emotional distress, or discrimination based upon
race, color, ethnicity, sex, age, national origin, religion, disability, sexual orientation or any other unlawful criterion or
circumstance&#894; (ii)&nbsp;claims for compensation, bonuses or benefits&#894; (iii)&nbsp;claims under any employment letter,
service agreement, severance program, compensation, bonus, incentive, deferred retirement, health, welfare or benefit plan or arrangement
maintained by CNOB and its affiliates&#894; (iv)&nbsp;claims for sexual harassment&#894; (v)&nbsp;claims related to whistle blowing&#894;
(vi)&nbsp;claims for punitive, incidental, indirect, consequential, special or exemplary damages&#894; (vii)&nbsp;claims for violations
of any of the following laws (as amended) from the beginning of time to the effective date of this Agreement: the Equal Pay Act,
the Civil Rights Act of 1866, 42 U.S.C. &sect;&nbsp;1981, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991
as amended, the Equal Pay Act, the Genetic Information and Discrimination Act, the Americans with Disabilities Act of 1991, the
Worker Adjustment Retraining and Notification Act, 29 U.S.C. &sect;&nbsp;2101, <I>et seq.</I>, the Family and Medical Leave Act
of 1993, the Rehabilitation Act, Executive Order 11246, all claims and damages relating to race, sex, national origin, disabilities,
religion, sexual orientation and age, all employment discrimination claims arising under similar state, country or city statutes,
any claims for unpaid compensation, wages and bonuses under the federal Fair Labor Standards Act, 29 U.S.C. &sect;&nbsp;201, <I>et
seq.</I>, any and all claims for violation of Code Section&nbsp;409A, or any state, county or city law or ordinance regarding wages
or compensation, and (viii)&nbsp;claims for violations of any other applicable labor or employment statute or law, from the beginning
of time to the effective date of this Agreement. For avoidance of doubt, this Section&nbsp;includes a release of claims under the
New Jersey Law Against Discrimination, the New Jersey State WARN Act, the New Jersey Conscientious Employee Protection Act, the
New Jersey Smoke-Free Air Act, the New Jersey Equal Pay Act, the New Jersey Occupational Safety and Health Law, the New Jersey
Temporary Disability Benefits Act and the New Jersey Family Leave Act. In addition, Executive waives any and all rights under the
laws of any jurisdiction in the United States that limit a general release to those claims that are known or suspected to exist
in Executive&rsquo;s favor as of the effective date of this Agreement. The foregoing list is meant to be illustrative rather than
exclusive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Notwithstanding the foregoing, Executive does not waive any rights related to: (i)&nbsp;CNOB&rsquo;s obligations
to make payments or provide other benefits under either Section&nbsp;6(c) or 7(c) of the Employment Agreement, (ii)&nbsp;claims
for payment under any equity compensation plan of CNOB in effect as of the date hereof and under which Executive received an award,
(iii)&nbsp;claims for benefits under CNOB&rsquo;s tax-qualified retirement plans or other benefit or compensation plans in which
Executive has a vested benefit, or (iv)&nbsp;claims for benefits required by applicable law or health insurance coverage under
applicable state and federal group health care continuation coverage laws (<I>e.g.</I>, COBRA). In addition, excluded from this
release and waiver are any claims which cannot be waived by law, including, but not limited to, the right to file a charge or complaint
with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration,
the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, or any other self-regulatory organization
or any other federal, state or local governmental agency or commission (each a &ldquo;Governmental Agency&rdquo;), or to testify,
assist or participate in any investigation, hearing or proceeding conducted by a Governmental Agency. In the event Executive files
a charge or complaint with a Government Agency, or a Government Agency asserts a claim on Executive&rsquo;s behalf, Executive agrees
that his release of claims in this Agreement shall nevertheless bar Executive&rsquo;s right (if any) to any monetary or other recovery
(including reinstatement), except that Executive does not waive: (i) Executive&rsquo;s right to receive an award from the Securities
and Exchange Commission pursuant to Section 21F of the Securities Exchange Act of 1934, and (ii) any other right where waiver is
expressly prohibited by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT>Executive agrees not to institute, nor has Executive instituted, a lawsuit against any Released Company Party based
on any waived claims or rights as set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B>EXCEPT AS OTHERWISE PROVIDED HEREIN, EXECUTIVE ACKNOWLEDGES AND AGREES THAT THIS RELEASE IS A FULL AND FINAL BAR
TO ANY AND ALL CLAIM(S) OF ANY TYPE THAT EXECUTIVE MAY NOW HAVE AGAINST ANY RELEASED COMPANY PARTY.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt">A-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>Injunctive Relief</U></B>. The parties hereto recognize that irreparable injury will result to CNOB, their
businesses and properties in the event of Executive&rsquo;s breach of any covenants or agreements contained herein. CNOB will be
entitled, in addition to any other remedies and damages available to it, to an injunction prohibiting Executive from committing
any violation or threatened violation of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: #010000">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><B><U>General Provisions</U></B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Heirs, Successors and Assigns</U>. The terms of this Agreement will be binding upon the parties hereto and their
respective heirs, personal representatives, successors and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Final Agreement</U>. This Agreement represents the entire understanding of the parties with respect to the subject
matter hereof and supersedes all prior understandings, written or oral. The terms of this Agreement may be changed, modified or
discharged only by an instrument in writing signed by the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Governing Law</U>. This Agreement will be construed, enforced and interpreted in accordance with and governed
by the laws of the State of New Jersey, without reference to its principles of conflicts of law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Counterparts</U>. This Agreement may be executed in one or more counterparts, each of which counterpart, when
so executed and delivered, will be deemed an original and all of which counterparts, taken together, will constitute but one and
the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><FONT STYLE="color: #010000">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></FONT><U>Severability</U>. Any term or provision of this Agreement which is held to be invalid or unenforceable will be
ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>IN WITNESS WHEREOF</B>,
the parties hereto have signed this Agreement on the dates set forth below and Executive hereby declares that the terms of this
Agreement have been completely read, are fully understood, and are voluntarily accepted after complete consideration of all facts
and legal claims.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>PLEASE READ CAREFULLY. THIS AGREEMENT
INCLUDES A RELEASE OF CERTAIN KNOWN AND UNKNOWN CLAIMS. CNOB HEREBY ADVISES EXECUTIVE TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING
THIS AGREEMENT.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 51%; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date</TD>
    <TD>&nbsp;</TD>
    <TD><B>EXECUTIVE</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">A-3</P>

<HR NOSHADE SIZE="4" STYLE="color: Black; width: 100%; margin-top: 3pt; margin-bottom: 3pt">
<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
