**EXHIBIT        10.7**

**AMENDED      AND RESTATED EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN **
**AGREEMENT**

**EFFECTIVE      JANUARY 1, 2006**

----

| **I.** | **DEFINITIONS** |
|--------|-----------------|

|  | A. | Effective                Date: |
|--|----|--------------------------------|

|  | B. | Plan                Year: |
|--|----|---------------------------|

|   | C. | Retirement                Date: |
|--------|----|---------------------------------|

|  | D. | Termination                of Employment: |
|--|----|-------------------------------------------|

|  | E. | Pre-Retirement                Account: |
|--|----|----------------------------------------|

|  | F. | Index                Retirement Benefit: |
|--|----|------------------------------------------|

----

|  | G. | Index: |
|--|----|--------|

| Insurance                  Company:           | Alexander                  Hamilton Life Insurance |
|-----------------------------------------------|----------------------------------------------------|
| Policy                  Form:                 | Flexible                  Premium Adjustable Life  |
| Policy                  Name:                 | Executive                  Security Plan III       |
| Insured’s                  Age and Sex: | 57,                  Male                          |
| Riders:                                       | None                                               |
| Ratings:                                      | None                                               |
| Option:                                       | A                                                  |
| Face                  Amount:                 | $1,495,000                                         |
| Premiums                  Paid:               | $604,000                                           |
| Number                  of Premium Payments:  | One                                                |
| Assumed                  Purchase Date:       | June                  26, 1997                     |

|  | H. | Cost                of Funds Expense: |
|--|----|---------------------------------------|

----

|   | I. | Change                of Control: |
|--------|----|-----------------------------------|

|   | a. | the                acquisition of more than fifty percent (50%) of the value or voting                power                of the Bank’s Holding Company stock by a person or                group; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | the                acquisition in a period of twelve (12) months or less of at least                thirty-five percent (35%) of the Bank’s Holding Company stock by a person                or group; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | the                replacement of a majority of the Bank’s Holding Company board in a period                of twelve (12) months or less by Directors who were not endorsed                by a                majority of the current board members;                or |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | the                acquisition in a period of twelve (12) months or less of forty percent                (40%) or more of the Bank’s Holding Company assets by an unrelated                entity. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | J. | Normal                Retirement Age: |
|--|----|---------------------------------------|

| **II.** | **EMPLOYMENT** |
|---------|----------------|

| **III.** | **INDEX                BENEFITS** |
|----------|-----------------------------------|

----

|   | A. | Retirement                Benefits: |
|--------|----|-------------------------------------|

|   | B. | Termination                of Employment: |
|--------|----|-------------------------------------------|

| Total                  Years   |                                    |
|--------------------------------|-----------------------------------------|
| of                  Employment | Vested                  Percentage      |
| with                  the Bank | (to                  a maximum of 100%) |
| 0-14                  years    | 0%                                      |
| 15-19                  years   | 75%                                     |
| 20                  years      | 100%                                    |

----

|   | C. | Death: |
|--------|----|--------|

|   | D. | Discharge                for Cause: |
|--------|----|-------------------------------------|

|   | E. | Death                Benefit: |
|--------|----|-------------------------------|

| **IV.** | **RESTRICTIONS                UPON FUNDING** |
|---------|----------------------------------------------|

----

| **V**. | **CHANGE                OF CONTROL** |
|--------|--------------------------------------|

| **VI.** | **MISCELLANEOUS** |
|---------|-------------------|

|  | A. | Alienability                and Assignment Prohibition: |
|--|----|---------------------------------------------------------|

|  | B. | Binding                Obligation of Bank and any Successor in Interest: |
|--|----|--------------------------------------------------------------------------|

|  | C. | Revocation: |
|--|----|-------------|

----

|  | D. | Gender: |
|--|----|---------|

|  | E. | Effect                on Other Bank Benefit Plans: |
|--|----|----------------------------------------------------|

|  | F. | Headings: |
|--|----|-----------|

|  | G. | Applicable                Law: |
|--|----|--------------------------------|

|  | H. | Amend                and Restate Entire Agreement: |
|--|----|----------------------------------------------------|

| **VII.** | **ADMINISTRATIVE                AND CLAIMS PROVISIONS** |
|----------|---------------------------------------------------------|

|  | A. | Plan                Administrator: |
|--|----|------------------------------------|

----

|  | B. | Claims                Procedure: |
|--|----|----------------------------------|

|  | a. | Filing                a Claim for Benefits: |
|--|----|---------------------------------------------|

|  | b. | Denial                of Claim: |
|--|----|---------------------------------|

|   |   | A                claim for benefits under this Executive Plan will be denied if the                Bank                determines that the Claimant is not entitled to receive benefits                under the                Executive Plan. Notice of a denial shall be furnished the Claimant                within                a reasonable period of time after receipt of the claim for benefits                by the                Plan Administrator. This time period shall not exceed more than ninety                (90) days after the receipt of the properly submitted claim. In the                event                that the claim for benefits pertains to disability, the Plan Administrator                shall provide written notice within forty-five (45) days. However,                if the                Plan Administrator determines, in its discretion, that an                extension of time for processing the claim is required, such extension                shall not exceed an additional ninety (90) days. In the case of a                claim                for disability benefits, the forty-five (45) day review period may                be                extended for up to thirty (30) days if necessary due to circumstances                beyond the Plan Administrator’s control, and for an additional thirty (30)                days, if necessary. Any                extension notice shall indicate the special circumstances requiring                an                extension of time and the date by which the Plan Administrator expects                to                render the determination on review. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | c. | Content                of Notice: |
|--|----|-----------------------------------|

|   |   | The                Plan Administrator shall provide written notice to every Claimant                who is                denied a claim for benefits which notice shall set forth the                following: |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (i.) | The                specific reason or reasons for the                denial; |
|--|------|------------------------------------------------------------------------------|

----

|   | (ii.) | Specific                reference to pertinent Executive Plan provisions on which the denial                is                based; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii.) | A                description of any additional material or information necessary for                the                Claimant to perfect the claim, and any explanation of why such material                or                information is necessary; and |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv.) | Any                other information required by applicable regulations, including with                respect to disability benefits. |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------|

|  | d. | Review                Procedure: |
|--|----|----------------------------------|

|   |   | The                purpose of the Review Procedure is to provide a method by which a                Claimant                may have a reasonable opportunity to appeal a denial of a claim to                the                Plan Administrator for a full and fair review. The Claimant, or his                duly                authorized representative, may: |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i.) | Request                a review upon written application to the Plan Administrator. Application                for review must be made within sixty (60) days of receipt of written                notice of denial of claim. If the denial of claim pertains to disability,                application for review must be made within one hundred eighty (180)                days                of receipt of written notice of the denial of                claim; |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii.) | Review                and copy (free of charge) pertinent Executive Plan documents, records                and                other information relevant to the Claimant’s claim for                benefits; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii.) | Submit                issues and concerns in writing, as well as documents, records, and                other                information relating to the claim. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | e. | Decision                on Review: |
|--|----|------------------------------------|

|   | (i.) | The                Plan Administrator may, in its sole discretion, hold a hearing on                the                denied claim. If the Claimant’s initial claim is for disability benefits,                any review of a denied claim shall be made by members of the Plan                Administrator other than the original decision maker(s) and such                person(s)                shall not be a subordinate of the original decision maker(s). The                decision                on review shall be made promptly, but generally not later than sixty                (60)                days after receipt of the application for review. In the event that                the                denied claim pertains to disability, such decision shall not be made                later                than forty-five (45) days after receipt of the application for review.                If                the Plan Administrator determines that an extension of time for processing                is required, written notice of the extension shall be furnished to                the                Claimant prior to the termination of the initial sixty (60) day period.                In                no event shall the extension exceed a period of sixty (60) days from                the                end of the initial period. In the event the denied claim pertains                to                disability, written notice of such extension shall be furnished to                the                Claimant prior to the termination of the initial forty-five (45)                day                period. In no event shall the extension exceed a period of thirty                (30)                days from the end of the initial period. The extension notice shall                indicate the special circumstances requiring an extension of time                and the                date by which the Plan Administrator expects to render the determination                on review. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (ii.) | The                decision on review shall be in writing and shall include specific                reasons                for the decision written in an understandable manner with specific                references to the pertinent Executive Plan provisions upon which                the                decision is based. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii.) | The                review will take into account all comments, documents, records and                other                information submitted by the Claimant relating to the claim without                regard                to whether such information was submitted or considered in the initial                benefit determination. Additional considerations shall be required                in the                case of a claim for disability benefits. For example, the                claim will be reviewed without deference to the initial adverse benefits                determination and, if the initial adverse benefit determination was                based                in whole or in part on a medical judgment, the Plan Administrator                will                consult with a health care professional with appropriate training                and                experience in the field of medicine involving the medical judgment.                The                health care professional who is consulted on appeal will not be the                same                individual who was consulted during the initial determination or                the                subordinate of such individual. If the Plan Administrator obtained                the                advice of medical or vocational experts in making the initial adverse                benefits determination (regardless of whether the advice was relied                upon),                the Plan Administrator will identify such                experts. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (iv.) | The                decision on review will include a statement that the Claimant is                entitled                to receive, upon request and free of charge, reasonable access to,                and                copies of, all documents, records or other information relevant to                the                Claimant’s claim for benefits. |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | f. | Exhaustion                of Remedies: |
|--------|--------|----|----------------------------------------|

|   |   |   | A                Claimant must follow the claims review procedures under this Executive                Plan and exhaust his or her administrative remedies before taking                any                further action with respect to a claim for                benefits. |
|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | Arbitration: |
|--------|----|--------------|

| **VIII.** | **TERMINATION                OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW, RULES                OR                REGULATIONS** |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------|

----

**IN      WITNESS WHEREOF**

|    |   | **MERRILL                    MERCHANTS BANK**Bangor,                      ME      |
|---------|--------|-----------------------------------------------------------------------------------|
|    |   |                                                                              |
|    |   |                                                                              |
|    |   | By:                                                                               |   |
| Witness |   | (Bank                    Officer other than Insured)    Title |
|    |   |                                                                              |
|    |   |                                                                              |
| Witness |   | Edwin                    N. Clift                                                 |

----

**BENEFICIARY      DESIGNATION FORM**

**FOR      THE AMENDED AND RESTATED EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN AGREEMENT      EFFECTIVE JANUARY 1, 2006**

| **I.** | **DESIGNATIONS**** ***(Please                refer to the beneficiary designation instructions below prior to                completion of this form.)* |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                         |   |   |   |
|   | **A.**                                                                                                                                                       | **Person(s)                as a Primary & Secondary Designation**:*(Please                indicate the percentage for each beneficiary.)* |
|   |  1.                                                                                                                                                     |  Name: |  Relationship: |  SS#: |  %                if living: |
|   |                                                                                                                                                         |  Address: |
|   |                                                                                                                                                         |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                         |  If                deceased, designate % |  to: |  Relationship: |  SS#: |
|   |                                                                                                                                                         |  Address: |
|   |                                                                                                                                                         |   | (Street) | (City) | (State) | (Zip) |
|   |  2.                                                                                                                                                     |  Name: |  Relationship: |  SS#: |  %                if living: |
|   |                                                                                                                                                         |  Address: |
|   |                                                                                                                                                         |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                         |  If                deceased, designate % |  to: |  Relationship: |  SS#: |
|   |                                                                                                                                                         |  Address: |
|   |                                                                                                                                                         |   | (Street) | (City) | (State) | (Zip) |
|   |  3.                                                                                                                                                     |  Name: |  Relationship: |  SS#: |  %                if living: |
|   |                                                                                                                                                         |  Address: |
|   |                                                                                                                                                         |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                         |  If                deceased, designate % |  to: |  Relationship: |  SS#: |
|   |                                                                                                                                                         |  Address: |
|   |                                                                                                                                                         |   | (Street) | (City) | (State) | (Zip) |
|   |  4.                                                                                                                                                     |  Name: |  Relationship: |  SS#: |  %                if living: |
|   |                                                                                                                                                         |  Address: |
|   |                                                                                                                                                         |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                         |  If                deceased, designate % |  to: |  Relationship: |  SS#: |
|   |                                                                                                                                                         |  Address: |
|   |                                                                                                                                                         |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                         |   |
|   | **B.**                                                                                                                                                       | **Estate                as a Primary Designation:** |
|   |                                                                                                                                                         | My                Primary Beneficiary is The Estate of |   | as                set forth in the last will and |
|   |                                                                                                                                                         | Testament                dated the |   | day                of |   |   | ,                200 | and                any codicils thereto. |

----

|   | **C.** | **Trust                as a Primary Designation:**                                                                                                                                    |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |  Name                of the Trust:                                                                                                                                               |
|   |   |  Execution                Date of the Trust:                                                                                                                                     |  Name                of the Trustee: |
|   |   |  Beneficiary(ies)                of the Trust:*(please                indicate the percentage for each beneficiary)*:                                                            |
|   |   |  Name(s):                                                                                                                                                                        |
|   |   |  Name(s):                                                                                                                                                                        |
|   |   |  Is                this an Irrevocable Life Insurance Trust?     oYes     oNo                                                  |
|   |   | (If                yes and this designation is for a Joint Beneficiary Agreement, an                Assignment of Rights form ***must***                be                completed.) |

| **II.** | **SECONDARY                (CONTINGENT) DESIGNATION** |
|---------|-------------------------------------------------------|
|    |                                                  |   |   |   |
|    | **A.**                                                | **Estate                as a Secondary (Contingent) Designation:** |
|    |                                                  |  My                Primary Beneficiary is The Estate of |   |  as                set forth in the last will and |
|    |                                                  | Testament                dated the |   | day                of |   |   | ,                200 | and                any codicils thereto. |
|    |                                                  |   |
|    | **B.**                                                | **Trust                as a Secondary (Contingent) Designation:** |
|    |                                                  |  Name                of the Trust: |
|    |                                                  |  Execution                Date of the Trust: |  Name                of the Trustee: |
|    |                                                  |  Beneficiary(ies)                of the Trust:*(please                indicate the percentage for each beneficiary)*: |
|    |                                                  |  Name(s): |
|    |                                                  |  Name(s): |
|    |                                                  |  Is                this an Irrevocable Life Insurance Trust?     oYes     oNo |
|    |                                                  | (If                yes and this designation is for a Joint Beneficiary Designation Agreement,                an Assignment of Rights form ***must***                be                completed.) |

| **III.** | **SIGN                AND DATE** |
|----------|----------------------------------|

|                                 |   |   |
|---------------------------------|--------|--------|
| Edwin                  N. Clift |   | Date   |

----

**BENEFICIARY      DESIGNATION INSTRUCTIONS**

|  | · | If                you make a mistake in completing this form, line out the erroneous                information, add the correct information and initial the correction.                **The                printed material on this form should not be deleted or altered in                any                way.** |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | In                all cases, the relationship of the beneficiary should be included                with the                beneficiary designations. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | A                Secondary Beneficiary will receive benefits only if the Primary                Beneficiary(ies) does not survive the Insured. If naming more than                one                Secondary Beneficiary at 100% each, please indicate on designations                1, 2,                3 or 4 on the designation line which states: “If deceased, designate ____                %”. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | If                a married woman is named beneficiary, her full legal name should                be                shown. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------|

**For      Example**

|  | · | When                two or more beneficiaries are named, and they are not to share the                benefits equally, enter the percentage each beneficiary is to receive                on                the form in the space provided. **Dollars                and cents should not be specified. When added together, the sum of                the                percentages going to the two or more named beneficiaries should equal                100%.** |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | If                a trustee is named beneficiary, show the exact name of the trust,                date of                the trust agreement, and the name and address of the                trustee. |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**For      Example:**

----

**AMENDED          AND RESTATED EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN **
**AGREEMENT**

**EFFECTIVE          JANUARY 1, 2006**

----

| **I.** | **DEFINITIONS** |
|--------|-----------------|

|  | A. | Effective                    Date: |
|--|----|------------------------------------|

|  | B. | Plan                    Year: |
|--|----|-------------------------------|

|   | C. | Retirement                    Date: |
|--------|----|-------------------------------------|

|  | D. | Early                    Retirement Date |
|--|----|------------------------------------------|

|  | E. | Termination                    of Employment: |
|--|----|-----------------------------------------------|

|  | F. | Pre-Retirement                    Account: |
|--|----|--------------------------------------------|

----

|  | G. | Index                    Retirement Benefit: |
|--|----|----------------------------------------------|

|  | H. | Index: |
|--|----|--------|

| Insurance                      Company:                   | Security                      Life of Denver          |
|-----------------------------------------------------------|-------------------------------------------------------|
| Policy                      Form:                         | Whole                      Life                       |
| Name:                                                     | Corp                      IV                          |
| Insured’s                      Age and Sex:         | 40,                      Male                         |
| Riders:                                                   | None                                                  |
| Ratings:                                                  | None                                                  |
| Option:                                                   | Level                      Death Benefit              |
| Face                      Amount:                         | $319,582                                              |
| Premiums                      Paid:                       | $107,000                                              |
| Number                      of Premium Payments:          | One                                                   |
| Assumed                      Purchase Date:               | May                      22, 1998                     |
|                                                      |                                                  |
| Insurance                      Company:                   | Jefferson                      Pilot                  |
| Policy                      Form:                         | Flexible                      Premium Adjustable Life |
| Name:                                                     | Executive                      Security Plan VI       |
| Insured’s                      Age and Sex:         | 42,                      Male                         |
| Riders:                                                   | None                                                  |
| Ratings:                                                  | None                                                  |
| Option:                                                   | Level                      Death Benefit              |
| Face                      Amount:                         | $270,000                                              |
| Cash                      Surrender Value as of 12/31/05: | $99,658                                               |
| Number                      of Premium Payments:          | One                                                   |
| Assumed                      Cash Value Date:             | December                      31, 2005                |
|                                                      |                                                  |
| Insurance                      Company:                   | Union                      Central Life Insurance/SLD |
| Policy                      Form:                         | Universal                      Life Insurance         |
| Name:                                                     | COLI                      UL                          |
| Insured’s                      Age and Sex:         | 42,                      Male                         |
| Riders:                                                   | None                                                  |
| Ratings:                                                  | None                                                  |
| Option:                                                   | Level                      Death Benefit              |
| Face                      Amount:                         | $288,400                                              |
| Cash                      Surrender Value as of 12/31/05: | $99,687                                               |
| Number                      of Premium Payments:          | One                                                   |
| Assumed                      Cash Value Date:             | December                      31, 2005                |

----

|  | I. | Cost                    of Funds Expense: |
|--|----|-------------------------------------------|

|   | J. | Change                    of Control: |
|--------|----|---------------------------------------|

|   | a. | the                    acquisition of more than fifty percent (50%) of the value or                    voting power                    of the Bank’s Holding Company stock by a person or                    group; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | the                    acquisition in a period of twelve (12) months or less of at least                    thirty-five percent (35%) of the Bank’s Holding Company stock by a person                    or group; |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | c. | the                    replacement of a majority of the Bank’s Holding Company board in a period                    of twelve (12) months or less by Directors who were not endorsed                    by a                    majority of the current board members;                    or |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | the                    acquisition in a period of twelve (12) months or less of forty                    percent                    (40%) or more of the Bank’s Holding Company assets by an unrelated                    entity. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | K. | Normal                    Retirement Age: |
|--|----|-------------------------------------------|

| **II.** | **EMPLOYMENT** |
|---------|----------------|

| **III.** | **INDEX                    BENEFITS** |
|----------|---------------------------------------|

|   | A. | Retirement                    Benefits: |
|--------|----|-----------------------------------------|

----

|   | B. | Early                    Retirement Date |
|--------|----|------------------------------------------|

|   | C. | Termination                    of Service: |
|--------|----|--------------------------------------------|

| Total                      Years   |                                        |
|------------------------------------|---------------------------------------------|
| of                      Employment | Vested                      Percentage      |
| with                      the Bank | (to                      a maximum of 100%) |
| 0-14                      years    | 0%                                          |
| 15-19                      years   | 75%                                         |
| 20                      years      | 100%                                        |

----

|   | D. | Death: |
|--------|----|--------|

|   | E. | Discharge                    for Cause: |
|--------|----|-----------------------------------------|

|   | F. | Death                    Benefit: |
|--------|----|-----------------------------------|

| **IV.** | **RESTRICTIONS                    UPON FUNDING** |
|---------|--------------------------------------------------|

----

| **V**. | **CHANGE                    OF CONTROL** |
|--------|------------------------------------------|

| **VI.** | **MISCELLANEOUS** |
|---------|-------------------|

|  | A. | Alienability                    and Assignment Prohibition: |
|--|----|-------------------------------------------------------------|

|  | B. | Binding                    Obligation of Bank and any Successor in Interest: |
|--|----|------------------------------------------------------------------------------|

----

|  | C. | Revocation: |
|--|----|-------------|

|  | D. | Gender: |
|--|----|---------|

|  | E. | Effect                    on Other Bank Benefit Plans: |
|--|----|--------------------------------------------------------|

|  | F. | Headings: |
|--|----|-----------|

|  | G. | Applicable                    Law: |
|--|----|------------------------------------|

|  | H. | Amend                    and Restate Entire Agreement: |
|--|----|--------------------------------------------------------|

----

| **VII.** | **ADMINISTRATIVE                    AND CLAIMS PROVISIONS** |
|----------|-------------------------------------------------------------|

|  | A. | Plan                    Administrator: |
|--|----|----------------------------------------|

|  | B. | Claims                    Procedure: |
|--|----|--------------------------------------|

|  | a. | Filing                    a Claim for Benefits: |
|--|----|-------------------------------------------------|

|  | b. | Denial                    of Claim: |
|--|----|-------------------------------------|

|   |   | A                    claim for benefits under this Executive Plan will be denied if                    the Bank                    determines that the Claimant is not entitled to receive benefits                    under the                    Executive Plan. Notice of a denial shall be furnished the Claimant                    within                    a reasonable period of time after receipt of the claim for benefits                    by the                    Plan Administrator. This time period shall not exceed more than                    ninety                    (90) days after the receipt of the properly submitted claim.                    In the event                    that the claim for benefits pertains to disability, the Plan                    Administrator                    shall provide written notice within forty-five (45) days. However,                    if the                    Plan Administrator determines, in its discretion, that an                    extension of time for processing the claim is required, such                    extension                    shall not exceed an additional ninety (90) days. In the case                    of a claim                    for disability benefits, the forty-five (45) day review period                    may be                    extended for up to thirty (30) days if necessary due to circumstances                    beyond the Plan Administrator’s control, and for an additional thirty (30)                    days, if necessary. Any                    extension notice shall indicate the special circumstances requiring                    an                    extension of time and the date by which the Plan Administrator                    expects to                    render the determination on review. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | c. | Content                    of Notice: |
|--|----|---------------------------------------|

|   |   | The                    Plan Administrator shall provide written notice to every Claimant                    who is                    denied a claim for benefits which notice shall set forth the                    following: |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (i.) | The                    specific reason or reasons for the                    denial; |
|--|------|--------------------------------------------------------------------------------------|

|   | (ii.) | Specific                    reference to pertinent Executive Plan provisions on which the                    denial is                    based; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii.) | A                    description of any additional material or information necessary                    for the                    Claimant to perfect the claim, and any explanation of why such                    material or                    information is necessary; and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv.) | Any                    other information required by applicable regulations, including                    with                    respect to disability benefits. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | d. | Review                    Procedure: |
|--|----|--------------------------------------|

|   |   | The                    purpose of the Review Procedure is to provide a method by which                    a Claimant                    may have a reasonable opportunity to appeal a denial of a claim                    to the                    Plan Administrator for a full and fair review. The Claimant,                    or his duly                    authorized representative, may: |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i.) | Request                    a review upon written application to the Plan Administrator.                    Application                    for review must be made within sixty (60) days of receipt of                    written                    notice of denial of claim. If the denial of claim pertains to                    disability,                    application for review must be made within one hundred eighty                    (180) days                    of receipt of written notice of the denial of                    claim; |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii.) | Review                    and copy (free of charge) pertinent Executive Plan documents,                    records and                    other information relevant to the Claimant’s claim for                    benefits; |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii.) | Submit                    issues and concerns in writing, as well as documents, records,                    and other                    information relating to the claim. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  | e. | Decision                    on Review: |
|--|----|----------------------------------------|

|   | (i.) | The                    Plan Administrator may, in its sole discretion, hold a hearing                    on the                    denied claim. If the Claimant’s initial claim is for disability benefits,                    any review of a denied claim shall be made by members of the                    Plan                    Administrator other than the original decision maker(s) and such                    person(s)                    shall not be a subordinate of the original decision maker(s).                    The decision                    on review shall be made promptly, but generally not later than                    sixty (60)                    days after receipt of the application for review. In the event                    that the                    denied claim pertains to disability, such decision shall not                    be made later                    than forty-five (45) days after receipt of the application for                    review. If                    the Plan Administrator determines that an extension of time for                    processing                    is required, written notice of the extension shall be furnished                    to the                    Claimant prior to the termination of the initial sixty (60) day                    period. In                    no event shall the extension exceed a period of sixty (60) days                    from the                    end of the initial period. In the event the denied claim pertains                    to                    disability, written notice of such extension shall be furnished                    to the                    Claimant prior to the termination of the initial forty-five (45)                    day                    period. In no event shall the extension exceed a period of thirty                    (30)                    days from the end of the initial period. The extension notice                    shall                    indicate the special circumstances requiring an extension of                    time and the                    date by which the Plan Administrator expects to render the determination                    on review. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii.) | The                    decision on review shall be in writing and shall include specific                    reasons                    for the decision written in an understandable manner with specific                    references to the pertinent Executive Plan provisions upon which                    the                    decision is based. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii.) | The                    review will take into account all comments, documents, records                    and other                    information submitted by the Claimant relating to the claim without                    regard                    to whether such information was submitted or considered in the                    initial                    benefit determination. Additional considerations shall be required                    in the                    case of a claim for disability benefits. For example, the                    claim will be reviewed without deference to the initial adverse                    benefits                    determination and, if the initial adverse benefit determination                    was based                    in whole or in part on a medical judgment, the Plan Administrator                    will                    consult with a health care professional with appropriate training                    and                    experience in the field of medicine involving the medical judgment.                    The                    health care professional who is consulted on appeal will not                    be the same                    individual who was consulted during the initial determination                    or the                    subordinate of such individual. If the Plan Administrator obtained                    the                    advice of medical or vocational experts in making the initial                    adverse                    benefits determination (regardless of whether the advice was                    relied upon),                    the Plan Administrator will identify such                    experts. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (iv.) | The                    decision on review will include a statement that the Claimant                    is entitled                    to receive, upon request and free of charge, reasonable access                    to, and                    copies of, all documents, records or other information relevant                    to the                    Claimant’s claim for benefits. |
|--------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | f. | Exhaustion                    of Remedies: |
|--------|--------|----|--------------------------------------------|

|   |   |   | A                    Claimant must follow the claims review procedures under this                    Executive                    Plan and exhaust his or her administrative remedies before taking                    any                    further action with respect to a claim for                    benefits. |
|--------|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | C. | Arbitration: |
|--------|----|--------------|

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| **VIII.** | **TERMINATION                    OR MODIFICATION OF AGREEMENT BY REASON OF CHANGES IN THE LAW,                    RULES OR                    REGULATIONS** |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

**IN          WITNESS WHEREOF**

|    |   | **MERRILL                          MERCHANTS BANK**Bangor,                            ME |
|---------|--------|------------------------------------------------------------------------------------------|
|    |   |                                                                                     |
|    |   |                                                                                     |
|    |   | By:                                                                                      |   |
| Witness |   | (Bank                          Officer other than Insured)    Title  |
|    |   |                                                                                     |
|    |   |                                                                                     |
| Witness |   | William                          P. Lucy                                                 |

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**BENEFICIARY          DESIGNATION FORM**

**FOR          THE AMENDED AND RESTATED EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN AGREEMENT          EFFECTIVE JANUARY 1, 2006**

| **I.** | **DESIGNATIONS**** ***(Please                    refer to the beneficiary designation instructions below prior                    to                    completion of this form.)* |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                    |   |   |   |
|   | **A.**                                                                                                                                                                                  | **Person(s)                    as a Primary & Secondary Designation**:*(Please                    indicate the percentage for each beneficiary.)* |
|   |  1.                                                                                                                                                                                |  Name: |  Relationship: |  SS#: |  %                    if living: |
|   |                                                                                                                                                                                    |  Address: |
|   |                                                                                                                                                                                    |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                                                    |  If                    deceased, designate % |  to: |  Relationship: |  SS#: |
|   |                                                                                                                                                                                    |  Address: |
|   |                                                                                                                                                                                    |   | (Street) | (City) | (State) | (Zip) |
|   |  2.                                                                                                                                                                                |  Name: |  Relationship: |  SS#: |  %                    if living: |
|   |                                                                                                                                                                                    |  Address: |
|   |                                                                                                                                                                                    |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                                                    |  If                    deceased, designate % |  to: |  Relationship: |  SS#: |
|   |                                                                                                                                                                                    |  Address: |
|   |                                                                                                                                                                                    |   | (Street) | (City) | (State) | (Zip) |
|   |  3.                                                                                                                                                                                |  Name: |  Relationship: |  SS#: |  %                    if living: |
|   |                                                                                                                                                                                    |  Address: |
|   |                                                                                                                                                                                    |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                                                    |  If                    deceased, designate % |  to: |  Relationship: |  SS#: |
|   |                                                                                                                                                                                    |  Address: |
|   |                                                                                                                                                                                    |   | (Street) | (City) | (State) | (Zip) |
|   |  4.                                                                                                                                                                                |  Name: |  Relationship: |  SS#: |  %                    if living: |
|   |                                                                                                                                                                                    |  Address: |
|   |                                                                                                                                                                                    |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                                                    |  If                    deceased, designate % |  to: |  Relationship: |  SS#: |
|   |                                                                                                                                                                                    |  Address: |
|   |                                                                                                                                                                                    |   | (Street) | (City) | (State) | (Zip) |
|   |                                                                                                                                                                                    |   |
|   | **B.**                                                                                                                                                                                  | **Estate                    as a Primary Designation:** |
|   |                                                                                                                                                                                    | My                    Primary Beneficiary is The Estate of |   | as                    set forth in the last will and |
|   |                                                                                                                                                                                    | Testament                    dated the |   | day                    of |   |   | ,                    200 | and                    any codicils thereto. |

----

|   | **C.** | **Trust                    as a Primary Designation:**                                                                                                                                                                   |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |  Name                    of the Trust:                                                                                                                                                                              |
|   |   |  Execution                    Date of the Trust:                                                                                                                                                                    |  Name                    of the Trustee: |
|   |   |  Beneficiary(ies)                    of the Trust:*(please                    indicate the percentage for each beneficiary)*:                                                                                       |
|   |   |  Name(s):                                                                                                                                                                                                           |
|   |   |  Name(s):                                                                                                                                                                                                           |
|   |   |  Is                    this an Irrevocable Life Insurance Trust?     oYes     oNo                                                                                 |
|   |   | (If                    yes and this designation is for a Joint Beneficiary Agreement,                    an                    Assignment of Rights form ***must***                    be                    completed.) |

| **II.** | **SECONDARY                    (CONTINGENT) DESIGNATION** |
|---------|-----------------------------------------------------------|
|    |                                                      |   |   |   |
|    | **A.**                                                    | **Estate                    as a Secondary (Contingent) Designation:** |
|    |                                                      |  My                    Primary Beneficiary is The Estate of |   |  as                    set forth in the last will and |
|    |                                                      | Testament                    dated the |   | day                    of |   |   | ,                    200 | and                    any codicils thereto. |
|    |                                                      |   |
|    | **B.**                                                    | **Trust                    as a Secondary (Contingent) Designation:** |
|    |                                                      |  Name                    of the Trust: |
|    |                                                      |  Execution                    Date of the Trust: |  Name                    of the Trustee: |
|    |                                                      |  Beneficiary(ies)                    of the Trust:*(please                    indicate the percentage for each beneficiary)*: |
|    |                                                      |  Name(s): |
|    |                                                      |  Name(s): |
|    |                                                      |  Is                    this an Irrevocable Life Insurance Trust?     oYes     oNo |
|    |                                                      | (If                    yes and this designation is for a Joint Beneficiary Designation                    Agreement,                    an Assignment of Rights form ***must***                    be                    completed.) |

| **III.** | **SIGN                    AND DATE** |
|----------|--------------------------------------|

|                                        |   |   |
|----------------------------------------|--------|--------|
| William                        P. Lucy |   | Date   |

----

**BENEFICIARY          DESIGNATION INSTRUCTIONS**

|  | · | If                    you make a mistake in completing this form, line out the erroneous                    information, add the correct information and initial the correction.                    **The                    printed material on this form should not be deleted or altered                    in any                    way.** |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | In                    all cases, the relationship of the beneficiary should be included                    with the                    beneficiary designations. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | A                    Secondary Beneficiary will receive benefits only if the Primary                    Beneficiary(ies) does not survive the Insured. If naming more                    than one                    Secondary Beneficiary at 100% each, please indicate on designations                    1, 2,                    3 or 4 on the designation line which states: “If deceased, designate ____                    %”. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | If                    a married woman is named beneficiary, her full legal name should                    be                    shown. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------|

**For          Example**

|  | · | When                    two or more beneficiaries are named, and they are not to share                    the                    benefits equally, enter the percentage each beneficiary is to                    receive on                    the form in the space provided. **Dollars                    and cents should not be specified. When added together, the sum                    of the                    percentages going to the two or more named beneficiaries should                    equal                    100%.** |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | If                    a trustee is named beneficiary, show the exact name of the trust,                    date of                    the trust agreement, and the name and address of the                    trustee. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**For          Example:**

----