Document:

EMPLOYMENT
AGREEMENT

    FOR

    JOHN
ARANOWICZ

    

    This
Employment Agreement (“Agreement”) is entered into this 25th day of April, 2009,
by and between Rurbanc Data Services, Inc., an Ohio corporation (hereinafter
referred to as the “Employer”), and John Aranowicz (hereinafter referred to as
the “Executive”).

     

    WHEREAS, the Executive is
currently employed by New Core Holdings, Inc., a Florida corporation (“New
Core”); and

     

    WHEREAS, New Core and the
Employer have entered into an Agreement and Plan of Merger (“Merger Agreement”);
and

     

    WHEREAS, the Employer and the
Executive desire to have the Executive become an employee of Employer upon the
“Effective Date,” as defined in the Merger Agreement, under the terms of this
Agreement;

     

    NOW, THEREFORE, in
consideration of the mutual covenants herein contained and other valuable
consideration, the receipt and adequacy of which are agreed to by the parties,
the Employer and the Executive hereby mutually agree as follows:

     

    1.           Employment and
Duties.  The Employer shall employ the Executive beginning as
of the Effective Date defined in the Merger Agreement, and the Executive shall
accept employment with the Employer upon the terms and conditions hereinafter
set forth.  The Executive will serve as an executive of the
Employer.  In such capacity, subject to the provisions of Section 5,
the Executive will perform such duties and hold such positions related to the
business of the Employer and its Affiliates as may from time to time be
reasonably requested of him by the Employer.  For purposes of this
Agreement, an “Affiliate” shall mean any corporation, general or limited
partnership, limited liability company, joint venture, trust, association or
organization which is, directly or indirectly, controlled by, or under common
control with, the Employer.  Except as otherwise set forth in this
Agreement, the Executive will devote all of his skills and substantially all of
his time and attention to said positions and in furtherance of the business and
interests of the Employer and its Affiliates and will not directly or indirectly
render any services of a business, commercial or professional nature to any
person or organization without the prior written consent of the Employer;
provided, however, that the Executive will not be precluded from participation
in community, civic, charitable or similar activities which do not unreasonably
interfere with his responsibilities hereunder.  With respect to
unrelated personal investment activities (e.g., real estate development), the
Executive may conduct and participate in such activities to the extent they do
not unreasonably interfere with his responsibilities hereunder.

     

    2.           Term of
Employment.  This Agreement will be effective upon execution by
all parties.  The term of employment will begin on the “Effective
Date” defined in the Merger Agreement and will continue through the three (3)
year period ending on the day before the third (3rd)
anniversary of the Effective Date, subject, however, to prior termination, as
herein provided.  At the end of the initial term of this Agreement or
at the end of any renewal term, this Agreement shall be automatically renewed
for one (1) year unless either party gives not less than ninety (90) days
written notice to the other party of such party's intention not to renew this
Agreement.  Notwithstanding the foregoing, this Agreement shall become
null and void if the Effective Date does not occur.
 

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    3.           Compensation.

     

    a.           Salary.  The
Executive will receive an initial annual base salary of $250,000, which may be
increased on an annual basis, but not decreased without the Executive’s written
consent, by the Employer during the term of this Agreement.  In the
event that the Employer increases the Executive’s initial base salary, the
amount of the initial base salary, together with any increase(s) will be his
base salary (hereinafter referred to as the “Base Salary”).  The Base
Salary will be payable in accordance with the Employer’s regular, bi-weekly
payroll payment practices.

     

    b.           Bonus.  With
respect to each calendar year during the term of this Agreement, the Executive
shall be eligible to earn an annual incentive bonus payment (the “Annual
Bonus”), pursuant to the terms of the Employer’s annual incentive plan, as in
effect from time to time.  The amount of such Annual Bonus, if any,
shall be determined in the discretion of the Employer; provided, however, that,
with respect to each of the first two calendar years during the term of this
Agreement, the Annual Bonus shall be at least $40,000 if the Employer has
Converted Contracts (as defined below) for at least eight (8) banks during such
calendar year.  Any Annual Bonus that becomes payable pursuant to this
Section 3(b) will be paid to the Executive in cash during the period beginning
on January 1 and ending on March 15 of the calendar year following the calendar
year for which such Annual Bonus is payable.  For purposes of this
Section 3(b), “Converted Contract” shall mean a contract under which a financial
institution has converted to, or installed, the New Core software, and is fully
operational, evidenced by a certificate executed by the financial institution to
the effect that the New Core software has been successfully integrated into such
financial institution’s products and services and is operating, subject to one
or more issues identified by the financial institution on such certificate
which, in the aggregate, does not affect the overall functionality of the
system.

     

    4.           Fringe Benefits and
Expenses.

     

    a.           Fringe
Benefits.  During the term of this Agreement, the Employer will
provide the Executive with all health and life insurance coverages, disability
programs, tax-qualified retirement plans, equity compensation programs, paid
holidays, perquisites, and such other fringe benefits of employment as the
Employer may provide from time to time to actively employed senior executives of
the Employer.  Notwithstanding any provision contained in this
Agreement, the Employer may discontinue or terminate at any time any employee
benefit plan, policy or program described in this Section 4(a), now existing or
hereafter adopted, to the extent permitted by the terms of such plan, policy or
program and will not be required to compensate the Executive for such
discontinuance or termination.

     

    b.           Vacation.  During
the term of this Agreement, the Executive shall be entitled to paid vacation
each year in accordance with the Employer’s vacation policy for actively
employed senior executives, as in effect from time to time.  Under the
Employer's current vacation policy, the Executive would be entitled to four (4)
weeks vacation per year.

    
      
         

      

      
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    c.           Automobile
Allowance.  During the term of this Agreement, the Employer
shall provide the Executive with an automobile allowance in accordance with the
Employer’s automobile allowance policy for actively employed senior executives,
as in effect from time to time.

     

    d.           Expenses.  During
the term of this Agreement, the Employer shall reimburse the Executive for all
reasonable travel, industry, entertainment, and out-of-pocket and miscellaneous
expenses incurred by the Executive in connection with the performance of his
business activities under this Agreement in accordance with the existing
policies and procedures of the Employer pertaining to reimbursement of such
expenses to senior executives.

     

    5.           Termination of
Employment.

     

    For
purposes of this Agreement, any reference to the Executive’s “termination of
employment” (or any form thereof) shall mean the Executive’s “separation from
service” within the meaning of Section 409A of the Internal Revenue Code of
1986, as amended (the “Code”), and Treasury Regulation
§1.409A-1(h).

     

    a.           Death of
Executive.  This Agreement and the Executive’s employment will
terminate upon his death and the Executive’s beneficiary (as designated by the
Executive in writing with the Employer prior to his death) will be entitled to
the following payments and benefits:

     

    i.           any
Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused (determined by dividing Base Salary by three hundred
sixty-five (365) and multiplying such amount by the number of unused vacation
days), and any business expenses that are unreimbursed – all, as of the date of
termination of employment; and

     

    ii.           any
rights and benefits (if any) provided under plans and programs of the Employer,
including but not limited to that certain Supplemental Executive Retirement Plan
Agreement by and between the parties hereto of even date herewith (the “SERP”),
determined in accordance with the applicable terms and provisions of such plans
and programs.

     

    In the
absence of a beneficiary designation by the Executive, or, if the Executive’s
designated beneficiary does not survive him, payments and benefits described in
this Section 5(a) will be paid to the Executive’s estate.  Any
payments due under Section 5(a)(i) shall be made within thirty (30) days
after the date of the Executive’s termination of
employment.
 

    
      
         

      

      
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    b.           Disability.  This
Agreement and the Executive’s employment may be terminated by the Employer upon
forty-five (45) days written notice from the Employer following the
determination, as set forth immediately below, that the Executive suffers from a
Permanent Disability.  For purposes of this Agreement, “Permanent
Disability” means a physical or mental impairment that renders the Executive
incapable of performing the essential functions of his job, on a full-time
basis, even taking into account reasonable accommodation required by law, as
determined by a physician who is selected by the agreement of the Executive and
the Employer, for a period of greater than one-hundred eighty (180)
days.  During any period that the Executive fails to perform his
duties hereunder as a result of a Permanent Disability (“Disability Period”),
the Executive will continue to receive his Base Salary at the rate then in
effect for such period until his employment is terminated pursuant to this
Section 5(b); provided, however, that payments of Base Salary so made to the
Executive will be reduced by the sum of the amounts, if any, that were payable
to the Executive at or before the time of any such salary payment under any
disability benefit plan or plans of the Employer and that were not previously
applied to reduce any payment of Base Salary.  In the event that the
Employer elects to terminate the Executive’s employment pursuant to this
Section 5(b), the Executive will be entitled to the following payments and
benefits:

     

    i.           any
Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused (determined by dividing Base Salary by three hundred
sixty-five (365) and multiplying such amount by the number of unused vacation
days), and any business expenses that are unreimbursed – all, as of the date of
termination of employment; and

     

    ii.           any
rights and benefits (if any) provided under plans and programs of the Employer,
determined in accordance with the applicable terms and provisions of such plans
and programs.

     

    Any
payments of Base Salary during the Disability Period shall be made in accordance
with the payroll procedures described in Section 3(a) of this
Agreement.  Any payments due under Section 5(b)(i) shall be made
within thirty (30) days after the date of the Executive’s termination of
employment.

     

    c.           Termination of Employment
for Cause.  The Employer may terminate this Agreement and the
Executive’s employment upon written notice at any time for
“Cause.”  For purposes of this Agreement, the term “Cause” means that
the occurrence of one or more of the following:

     

    i.           the
willful failure by the Executive to substantially perform his duties hereunder
(other than a failure resulting from the Executive’s incapacity because of death
or disability), after notice from the Employer and a failure to cure such
violation within twenty (20) days of said notice;

     

    ii.          the
willful engaging by the Executive in misconduct injurious to the Employer or any
Affiliate;

     

    iii.         dishonesty,
insubordination or gross negligence of the Executive in the performance of his
duties;

     

    iv.         the
Executive’s breach of fiduciary duty involving personal profit;

    
      
         

      

      
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    v.           the
Executive’s violation of any law, rule or regulation governing issuers of
publicly traded securities or any regulatory enforcement actions issued by a
regulatory authority against the Executive;

     

    vi.          conduct
on the part of the Executive which brings public discredit to the Employer or
any Affiliate and, if the effect may be cured, a failure to cure within twenty
(20) days of the date notice of such conduct is delivered to the
Executive;

     

    vii.         the
Executive’s conviction of or plea of guilty or nolo contendere to a felony
(including conviction of or plea of guilty or nolo contendere to a misdemeanor
that was originally charged as a felony but was reduced to a misdemeanor as a
result of a plea bargain), crime of falsehood or a crime involving moral
turpitude, or the actual incarceration of the Executive for a period of twenty
(20) consecutive days or more;

     

    viii.        an
act by the Executive affecting any of the Employer’s or any Affiliate’s
employees, customers, business associates, contractors or visitors that a court
or governmental authority with jurisdiction over the matter determines
constitutes unlawful discrimination or harassment, or violates the Employer’s or
any Affiliate’s policy concerning discrimination or harassment;

     

    ix.           the
Executive’s theft or abuse of the Employer’s or any Affiliate’s property or the
property of the Employer’s or any Affiliate’s customers, employees, contractors,
vendors or business associates;

     

    x.           
the direction or recommendation of a state or federal regulatory authority to
remove the Executive from his position(s) with the Employer or any
Affiliate;

     

    xi.           the
Executive’s willful failure to follow the good faith lawful instructions of the
board of directors of the Employer with regard to the operations of the
Corporation and/or its Affiliates, after written notice and, if the event may be
cured, a failure to cure such violation within twenty (20) days of the date said
notice is delivered to the Executive;

     

    xii.          material
breach of any contract or agreement that the Executive entered with the Employer
or any Affiliate, including a breach of any of the obligations described in
Sections 8, 9 and 10 and, if the breach may be cured, a failure to cure such
breach within twenty (20) days of the date notice of such conduct is delivered
to the Executive; or

     

    xiii.         unauthorized
disclosure of the trade secrets or confidential information of the Employer or
any of its Affiliates, trade partners or vendors.

     

    However,
Cause will not arise solely because the Executive is absent from active
employment during periods of vacation, consistent with the Employer’s applicable
policy or other period of absence initiated by the Executive and approved by the
Employer.  Also, if, after the Executive terminates employment, the
Employer learns that the Executive has actively concealed conduct or an event
that, if discovered before employment terminated, would have constituted
“Cause,” the provisions of this Section 5(c) will be applied retroactively to
the date the Executive terminated employment and the Employer may recover any
and all amounts paid to the Executive (or to his or her beneficiaries) under
this Agreement.

    
      
         

      

      
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    In the
event that the Employer terminates the Executive’s employment for Cause, the
Executive will be entitled to the following payments and benefits:

     

    A.           any
Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused (determined by dividing Base Salary by three hundred
sixty-five (365) and multiplying such amount by the number of unused vacation
days), and any business expenses that are unreimbursed – all, as of the date of
termination of employment; and

     

    B.           any
rights and benefits (if any) provided under plans and programs of the Employer,
determined in accordance with the applicable terms and provisions of such plans
and programs.

     

    Any
payments due under Section 5(c)(A) shall be made within thirty (30) days
after the date of the Executive’s termination of employment.

     

    d.           Termination Without
Cause.  The Employer may terminate this Agreement and the
Executive’s employment for any reason upon sixty (60) days prior written notice
to the Executive.  If the Executive’s employment is terminated by the
Employer for any reason other than the reasons set forth in subsections (a), (b)
or (c) of this Section 5, the Executive will be entitled to the following
payments and benefits:

     

    i.           any
Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused (determined by dividing Base Salary by three hundred
sixty-five (365) and multiplying such amount by the number of unused vacation
days), and any business expenses that are unreimbursed – all, as of the date of
termination of employment.  Any payments due under this
Section 5(d)(i) shall be made within thirty (30) days after the date of the
Executive’s termination of employment;

     

    ii.           any
rights and benefits (if any) provided under plans and programs of the Employer,
determined in accordance with the applicable terms and provisions of such plans
and programs; and

     

    iii.          continuation
of the Executive’s Base Salary in effect on the date of his termination of
employment for twenty-four (24) months following the date of his
termination.  The payments due under this Section 5(d)(iii) shall
be made in separate, substantially equal monthly installments over such
twenty-four (24) month period.

    
      
         

      

      
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    e.           Voluntary Termination by
Executive.  The Executive may resign and terminate this
Agreement and his employment with the Employer for any reason whatsoever upon
not less than ninety (90) days prior written notice to the
Employer.  In the event that the Executive terminates his employment
voluntarily pursuant to this Section 5(e), the Executive will be entitled to the
following payments and benefits:

     

    i.           any
Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused (determined by dividing Base Salary by three hundred
sixty-five (365) and multiplying such amount by the number of unused vacation
days), and any business expenses that are unreimbursed – all, as of the date of
termination of employment; and

     

    ii.           any
rights and benefits (if any) provided under plans and programs of the Employer,
determined in accordance with the applicable terms and provisions of such plans
and programs.

     

    Any
payments due under Section 5(e)(i) shall be made within thirty (30) days
after the date of the Executive’s termination of employment.

     

    f.           Good Reason
Termination.  The Executive may resign and terminate this
Agreement and his employment with the Employer for “Good Reason” upon not less
than sixty (60) days prior written notice to the Employer.  For
purposes of this Agreement, the Executive will have “Good Reason” to terminate
his employment with the Employer if any of the following events occur (provided
the Employer does not fully cure the effect of such event within thirty (30)
days following its receipt of written notice of such event from the
Executive):

     

    i.           without
his consent, the Executive’s Base Salary is materially reduced for any reason,
other than in connection with the termination of his employment;

     

    ii.          without
his consent, the Employer permanently or consistently assigns the Executive to
duties that are materially inconsistent in any respect with his position
(including, without limitation, his status, office and title), authority, duties
or responsibilities as set forth in Section 1, or takes any other action that
results in a permanent or consistent material diminution in such position,
authority, duties, or responsibilities; or

     

    iii.         a
material change in the geographic location at which the Executive must perform
his services under this Agreement, without the consent of the
Executive.

     

    Notwithstanding
the foregoing, Good Reason shall cease to exist for an event on the ninetieth
(90th) day
following the later of its occurrence or the Executive’s knowledge thereof,
unless the Executive has given the Employer written notice of such event prior
to such date.

    
      
         

      

      
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    In the
event that the Executive terminates his employment for Good Reason pursuant to
this Section 5(f), the Executive will be entitled to the following payments and
benefits:

     

    A.           any
Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused (determined by dividing Base Salary by three hundred
sixty-five (365) and multiplying such amount by the number of unused vacation
days), and any business expenses that are unreimbursed – all, as of the date of
termination of employment.  Any payments due under this
Section 5(f)(A) shall be made within thirty (30) days after the date of the
Executive’s termination of employment;

     

    B.           any
rights and benefits (if any) provided under plans and programs of the Employer,
determined in accordance with the applicable terms and provisions of such plans
and programs; and

     

    C.           continuation
of the Executive’s Base Salary in effect on the date of his termination of
employment for twenty-four (24) months following the date of his
termination.  The payments due under this Section 5(f)(C) shall be
made in separate, substantially equal monthly installments over such twenty-four
(24) month period.

     

    g.           Expiration of Term of
Agreement.  If the term of this Agreement expires and it is not
extended by the parties, the Executive’s employment will terminate at the end of
such term and the Executive will be entitled to the following payments and
benefits:

     

    i.           any
Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused (determined by dividing Base Salary by three hundred
sixty-five (365) and multiplying such amount by the number of unused vacation
days), and any business expenses that are unreimbursed – all as of the date of
termination of employment; and

     

    ii.           any
rights and benefits (if any) provided under plans and programs of the Employer,
determined in accordance with the applicable terms and provisions of such plans
and programs.

     

    Any
payments due under Section 5(g)(i) shall be made within thirty (30) days
after the date of the Executive’s termination of employment.  In
addition, if the Executive’s employment is terminated as the result of the
Employer’s election not to renew this Agreement pursuant to Section 2, then
the Executive will be entitled to an amount equal to one (1) times the
Executive’s Base Salary in effect on the date of his termination of employment,
payable in separate, substantially equal monthly installments over the
twenty-four (24) month period following the date of his
termination.

     

    6.           Change In
Control.

     

    a.           Occurrence of Change in
Control Event.  In the event that during the term of this
Agreement, a “change in control event” (as defined under Section 409A of the
Code and the Treasury Regulations thereunder) of the Employer occurs and, within
twelve (12) months following such change in control event, this Agreement and
the Executive’s employment is terminated by the Employer or its successor
without Cause as described in Section 5(d) or is terminated for Good Reason
by the Executive as described in Section 5(f), then in lieu of any payment
that might be provided under Section 5 of this Agreement, the Employer or its
successor will pay to the Executive the following payments and
benefits:

    
      
         

      

      
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    i.           any
Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused, (determined by dividing Base Salary by three hundred
sixty-five (365) and multiplying such amount by the number of unused vacation
days), and any business expenses that are unreimbursed – all, as of the date of
termination of employment;

     

    ii.          any
rights and benefits (if any) provided under plans and programs of the Employer,
determined in accordance with the applicable terms and provisions of such plans
and programs;

     

    iii.         a
single lump sum payment equal to two (2) times the total annual Base Salary paid
or payable to the Executive with respect to the most recently completed fiscal
year of the Employer; and

     

    iv.         if
the Executive elects COBRA coverage, the Employer shall pay Executive’s COBRA
premium payments consistent with the family health, dental and vision coverage
in existence on the date of termination beginning on the date of termination and
continuing for a period of eighteen (18) consecutive months
thereafter.

     

    Any
payments due under Sections 6(a)(i) and 6(a)(iii) shall be made within ten
(10) days after the date of the Executive’s termination of
employment.

     

    b.           Treatment of
Taxes.

     

    i.           Notwithstanding
any provision in this Agreement to the contrary, if the Employer or the Change
Entity (as defined in Section 6(b)(iii) below) (after consulting with an
independent accounting or compensation consulting company) ascertains that the
compensation and benefits provided to the Executive pursuant to or under this
Agreement, either alone or when combined with other compensation and benefits
received by the Executive (other than the amounts described in Sections 6.9 and
6.10 of the SERP), would constitute “excess parachute payments” within the
meaning of Section 280G of the Code, or the Treasury Regulations promulgated
thereunder, then such compensation and benefits shall be (retroactively, if
necessary) reduced by the minimum extent necessary to avoid the excise taxes
described in Section 4999 of the Code (the “Excise Taxes”), which reduction
shall comply with Section 409A of the Code.  Notwithstanding the
foregoing or any other provision of this Agreement to the contrary, if any
portion of the amount herein payable to the Executive is determined to be
non-deductible pursuant to the Treasury Regulations promulgated under Section
280G of the Code, the Employer shall be required only to pay to the Executive
the amount determined to be deductible under Section 280G of the
Code.

    
      
         

      

      
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    ii.           If
the Internal Revenue Service subsequently and finally decides that the amount of
compensation and benefits (including after the reduction applied under this
Section 6(b)) will generate Excise Taxes or a loss of deduction under
Section 280G of the Code with respect to the compensation and benefits
(other than those amounts described in Sections 6.9 and 6.10 of the SERP),
the Executive will immediately remit an additional amount to the Employer or the
Change Entity, as applicable, equal to the difference between the amount paid
(other than those amounts described in Sections 6.9 and 6.10 of the SERP) and
the minimum amount necessary to avoid the imposition of Excise Taxes or a loss
of deduction under Section 280G of the Code.  Also, the Executive
agrees to promptly notify the Employer or the Change Entity, as applicable, of
an assessment or inquiry from the Internal Revenue Service relating to payments
under this Agreement that would, if made final, result in imposition of an
Excise Tax or a loss of deduction under Section 280G of the Code and also
agrees to cooperate in resisting any Excise Tax assessment.  However,
the Employer or the Change Entity, as applicable, will have complete control
over resolution of any claim by the Internal Revenue Service that might generate
an Excise Tax or a loss of deduction under Section 280G of the Code
(although it will have no dispositive power over any other tax matter that may
be subject to the same audit) and the Employer or the Change Entity, as
applicable, will bear all costs associated with that effort provided that any
costs paid or reimbursed by the Employer or the Change Entity shall be subject
to the following limitations: (A) the costs eligible for payment shall include
any costs arising during the lifetime of the Executive; (B) the amount of costs
paid during any taxable year of the Executive may not affect the amount of costs
eligible for payment in any other taxable year of the Executive; (C) any costs
being paid shall be paid no later than the last day of the Executive’s taxable
year following the year in which they were incurred; and (D) the right to
payment may not be subject to liquidation or exchange for another
benefit.

     

    iii.           For
purposes of this Section 6(b), “Change Entity” shall mean, in the event of a
Change in Control, the Employer and any entity with which the Employer effects a
Change in Control.

     

    7.           Nonexclusivity of
Rights.  Nothing in this Agreement will prevent or limit the
Executive’s continuing or future participation in any incentive, fringe benefit,
deferred compensation, or other plan or program provided by the Employer and for
which the Executive may qualify, nor will anything herein limit or otherwise
affect such rights as the Executive may have under any other agreements with the
Employer.  Amounts that are vested benefits or that the Executive is
otherwise entitled to receive under any plan or program of the Employer at or
after the date of termination of employment, will be payable in accordance with
such plan or program.

    
      
         

      

      
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    8.           Noncompetition
Covenant.

     

    a.           The
Executive hereby acknowledges and recognizes the highly competitive nature of
the business of the Employer.  Accordingly, in consideration of the
benefits described in this Agreement, during the period beginning on the
Effective Date and extending throughout the two (2) year period following the
Executive’s termination of employment (the “Non-Competition Period”), the
Executive shall not:

     

    i.           In
the geographic area of the United States of America (the “Non-Competition
Area”), provide financial or executive assistance to any person, firm,
corporation or enterprise engaged in: (i) data or item processing for the
financial services industry; or (ii) any other activity in which the
Employer or any Affiliate engaged at the beginning of the Non-Competition Period
(the “Restricted Activities”); provided, however, that “Restricted Activities”
shall not include participating in senior management and/or on a board of
directors of a financial institution which does not have an Affiliate that
provides data or item processing to unrelated third parties; or

     

    ii.          Directly
or indirectly contact, solicit or induce any person, corporation or other entity
who or which is a customer or referral source of the Employer or any Affiliate
during the term of the Executive’s employment or on the date of the Executive’s
termination of employment, to become a customer or referral source for any
person or entity engaged in Restricted Activities other than the Employer or its
Affiliates; or

     

    iii.         Directly
or indirectly solicit, induce or encourage any employee of the Employer or any
Affiliate, who is employed during the term of the Executive’s employment or on
the date of the Executive’s termination of employment, to leave the employ of
the Employer or its Affiliates or to seek, obtain or accept employment with any
person or entity other than the Employer or its Affiliates.

     

    Notwithstanding
anything to the contrary in this Agreement, the Executive may, directly or
indirectly own, solely as a passive investment, securities of any entity engaged
in Restricted Activities which are publicly traded on a national or regional
stock exchange or on the over-the-counter market, if the Executive (A) is
not a controlling person of, or a member of a group which controls, such entity
and (B) does not, directly or indirectly, own 5% or more of any class of
securities of such entity.

     

    b.           It
is expressly understood and agreed that, although the Executive and the Employer
consider the restrictions contained in this Section 8 reasonable for the purpose
of preserving for the Employer, its good will and other proprietary rights, if a
final judicial determination is made by a court having jurisdiction that the
Non-Competition Area, the Non-Competition Period or any other restriction
contained in this Section 8 is an unreasonable or otherwise unenforceable
restriction against the Executive, the provisions of this Section 8 shall not be
rendered void, but shall be deemed amended to apply as to such maximum time and
territory and to such other extent as such court may judicially determine or
indicate to be reasonable.
 

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    c.           The
existence of any immaterial claim or cause of action of the Executive against
the Employer, whether predicated on this Agreement or otherwise, shall not
constitute a defense to the enforcement by the Employer of this
covenant.  Conversely, any material breach of the obligations of the
Employer under this Agreement or the SERP shall void and terminate this Section
4.1.  The Executive agrees that any breach of the restrictions set
forth in this Section 8 will result in irreparable injury to the Employer for
which it will have no adequate remedy at law and the Employer shall be entitled
to seek injunctive relief in order to enforce the provisions hereof and/or seek
specific performance and damages.

     

    9.           Confidential
Information.  The Executive will hold in a fiduciary capacity,
for the benefit of the Employer, all secret or confidential information,
knowledge, and data relating to the Employer and its Affiliates, that shall have
been obtained by the Executive in connection with the transactions described in
the Merger Agreement or during his employment with the Employer and that is not
public knowledge (other than by acts by the Executive or his representatives in
violation of this Agreement).  During the term of this Agreement and
after termination of the Executive’s employment with the Employer, the Executive
will not, without the prior written consent of the Employer, communicate or
divulge any such information, knowledge, or data to anyone other than the
Employer or those designated by it, unless the communication of such
information, knowledge or data is required pursuant to a compulsory proceeding
in which the Executive’s failure to provide such information, knowledge, or data
would subject the Executive to criminal or civil sanctions and then only with
prior notice to the Employer.

     

    The
restrictions imposed on the release of information described in this Section 9
may be enforced by the Employer and/or any successor thereto.  The
provisions of this Section 9 constitute an essential element of this Agreement,
without which the Employer would not have entered into this
Agreement.  Notwithstanding any other remedy available to the Employer
at law or at equity, the parties hereto agree that the Employer or any successor
thereto, will have the right, at any and all times, to seek injunctive relief in
order to enforce the terms and conditions of this Section 9.

     

    If the
scope of any restriction contained in this Section 9 is too broad to permit
enforcement of such restriction to its fullest extent, then such restriction
will be enforced to the maximum extent permitted by law, and the Executive
hereby consents and agrees that such scope may be judicially modified
accordingly in any proceeding brought to enforce such restriction.

     

    10.           Intellectual
Property.  The Executive agrees to communicate to the Employer,
promptly and fully, and to assign to the Employer all intellectual property
developed or conceived solely by the Executive, or jointly with others, during
the term of his employment, which are within the scope of either the Employer ’s
business or an Affiliate’s business, or which utilized Employer materials or
information.  For purposes of this Agreement, “intellectual property”
means inventions, discoveries, business or technical innovations, creative or
professional work product, or works of authorship.  The Executive
further agrees to execute all necessary papers and otherwise to assist the
Employer, at the Employer’s sole expense, to obtain patents, copyrights or other
legal protection as the Employer deems fit.  Any such intellectual
property is to be the property of the Employer whether or not patented,
copyrighted or published.
 

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    11.           Assignment and Survivorship of
Benefits.  The rights and obligations of the Employer under
this Agreement will inure to the benefit of, and will be binding upon, the
successors and assigns of the Employer.  If the Employer shall at any
time be merged or consolidated into, or with, any other company, or if
substantially all of the assets of the Employer are transferred to another
company, then the provisions of this Agreement will be binding upon and inure to
the benefit of the company resulting from such merger or consolidation or to
which such assets have been transferred, and this provision will apply in the
event of any subsequent merger, consolidation, or transfer.

     

    12.           Notices.  Any notice
given to either party to this Agreement will be in writing, and will be deemed
to have been given when delivered personally or sent by certified mail, postage
prepaid, return receipt requested, duly addressed to the party concerned, at the
address indicated below or to such changed address as such party may
subsequently give notice of:

     

    
      
        
          	
                   
      If to the Employer:

                	
                  Rurbanc
      Data Services, Inc.

                
	 
      	
                  Attention:
      Chief Financial Officer

                
	 
      	
                  7622
      State Route 66 N

                
	 
      	
                  Defiance,
      Ohio 43512

                
	 
      	 
      
	
                   
      If to the Executive:

                	
                  John
      Aranowicz

                
	 
      	
                  At
      the last address on file with the
Employer

                

        

      

    

    

    13.           Taxes.  Anything in
this Agreement to the contrary notwithstanding, all payments required to be made
hereunder by the Employer to the Executive will be subject to withholding of
such amounts relating to taxes as the Employer may reasonably determine that it
should withhold pursuant to any applicable law or regulations.  In
lieu of withholding such amounts, in whole or in part, however, the Employer
may, in its sole discretion, accept other provision for payment of taxes,
provided that it is satisfied that all requirements of the law affecting its
responsibilities to withhold such taxes have been satisfied.

     

    14.           Arbitration; Enforcement of
Rights.  Any controversy or claim arising out of, or relating
to this Agreement, or the breach thereof, except with respect to Sections 8, 9
and 10, will be settled by arbitration in Defiance County, Ohio in accordance
with the Rules of the American Arbitration Association, and judgment upon the
award rendered by the arbitrator or arbitrators may be entered in any court
having jurisdiction thereof.

     

    All legal
and other fees and expenses, including, without limitation, any arbitration
expenses, incurred by the Executive in connection with seeking in good faith to
obtain or enforce any right or benefit provided for in this Agreement will be
paid by the Employer, to the extent permitted by law, provided that the
Executive is successful in whole or in part as to such claims as the result of
litigation, arbitration, or settlement.

     

    15.           Governing Law; Captions;
Severance.  This Agreement will be construed in accordance
with, and pursuant to, the laws of the State of Ohio.  The captions of
this Agreement will not be part of the provisions hereof, and will have no force
or effect.  The invalidity or unenforceability of any provision of
this Agreement will not affect the validity or enforceability of any other
provision of this Agreement.  Except as otherwise specifically
provided in this Section 15, the failure of either party to insist in any
instance on the strict performance of any provision of this Agreement or to
exercise any right hereunder will not constitute a waiver of such provision or
right in any other instance.
 

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    16.           Entire Agreement;
Amendment.  This instrument contains the entire agreement of
the parties relating to the subject matter hereof, and the parties have made no
agreement, representations, or warranties relating to the subject matter of this
Agreement that are not set forth herein.  This Agreement may be
amended only by mutual written agreement of the parties.  This
Agreement may be executed in one or more counterparts.

     

    17.           Treatment of Reimbursements and/or
In-Kind Benefits.  Notwithstanding anything in this Agreement
to the contrary, any reimbursements or in-kind benefits provided under this
Agreement that are subject to Section 409A of the Code shall be made or provided
in accordance with the requirements of Section 409A of the Code, including,
where applicable, the requirements that (a) any reimbursement for expenses
incurred or provision of in-kind benefits is during the period of time specified
in this Agreement, (b) the amount of expenses eligible for reimbursement,
or in-kind benefits provided, during any taxable year of the Executive may not
affect the expenses eligible for reimbursement, or in-kind benefits to be
provided, in any other taxable year of the Executive, (c) the reimbursement
of an eligible expense will be made no later than the last day of the
Executive’s taxable year following the year in which the expense is incurred,
and (d) the right to reimbursement or in-kind benefits is not subject to
liquidation or exchange for another benefit.

     

    18.           Six-Month Distribution Delay for
Specified Employees.  Notwithstanding anything in this
Agreement to the contrary, in the event that the Executive is a “specified
employee” (as defined in Section 409A of the Code) of the Employer or any
of its Affiliates, as determined pursuant to the Employer’s policy for
identifying specified employees, on the date of his termination of employment
and the Executive is entitled to a payment and/or a benefit under this Agreement
that is required to be delayed pursuant to Section 409A(a)(2)(B)(i) of the
Code, then such payment or benefit, as applicable, shall not be paid or provided
(or begin to be paid or provided) until the first (1st) day of
the seventh (7th) month
following the date of the Executive’s termination of employment (or, if earlier,
the date of his death).  The first payment that can be made to the
Executive following such period shall include the cumulative amount of any
payments or benefits that could not be paid or provided during such period due
to the application of Code §409A(a)(2)(B)(i).

     

    19.           Compliance with Section 409A of the
Code.  The parties intend that this Agreement comply with, or
be exempt from, the requirements of Section 409A of the Code, as applicable,
and, to the maximum extent permitted by law, shall administer, operate and
construe this Agreement accordingly.  Nothing herein shall be
construed as the guarantee of any particular tax treatment to the Executive, and
neither the Employer nor any of its Affiliates shall have any liability with
respect to any failure to comply with the requirements of Section 409A of the
Code.

     

    20.           Liability
Insurance.  The Employer shall use its commercially reasonable
efforts to obtain insurance coverage for the Executive under an insurance policy
covering officers and directors of the Employer against lawsuits, arbitrations
or other legal or regulatory proceedings; however, nothing herein shall be
construed to require the Employer to obtain such insurance if the Board of
Directors of the Employer determines that such coverage cannot be obtained at a
commercially reasonable price.
  

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    21.           Indemnification.  The
Executive shall be entitled to indemnification from the Employer to the extent
provided by the Employer’s Amended Code of Regulations, as the same may be
amended from time to time, and required by applicable state and federal
law.

     

    [Remainder
of Page Intentionally Left Blank]
 

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties have executed this Agreement on the date first
above written.

     

    
      
        	
                RURBANC
      DATA SERVICES, INC.

              
	 
      	 
      
	
                By:  

              	
                /s/ Kenneth A. Joyce

              
	 
      	
                Kenneth
      A. Joyce, Chief Executive Officer

              
	 
      
	
                EXECUTIVE

              
	 
      
	
                /s/ John Aranowicz

              
	
                John
      Aranowicz

              

      

    

    

    [Signature
Page to Employment Agreement]RURBANC
DATA SERVICES, INC.

    SUPPLEMENTAL
EXECUTIVE RETIREMENT PLAN AGREEMENT

    FOR JOHN
ARANOWICZ

    

    THIS
AGREEMENT is made as of this 25th day of
April, 2009 by and between RURBANC DATA SERVICES, INC., an Ohio corporation
(“RDSI”), and John Aranowicz (the “Executive”).

    

    WITNESSETH:

    

    WHEREAS, the Executive is
employed by NHC as its President and Chief Executive Officer; and

    

    WHEREAS, the Merger Agreement
contemplates that RDSI will acquire all of the stock of NHC through the merger
of NC Merger Corp. with and into NHC; and

    

    WHEREAS, in consideration for
the Executive becoming employed by RDSI following the Merger, the Board of
Directors of RDSI desires to provide the Executive with the benefits described
in this Agreement in accordance with the terms and conditions hereinafter set
forth beginning on the Effective Date;

    

    NOW, THEREFORE, in
consideration of the mutual promises and covenants contained herein, and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

    

    AGREEMENT:

     

    ARTICLE
1: DEFINITIONS

     

    For
purposes of this Agreement, the following capitalized words and phrases
(including any form thereof) shall have the following meanings unless another
context clearly requires another meaning:

     

    1.1           ACT.  The Securities
Exchange Act of 1934, as amended.

     

    1.2           AFFILIATE.  Any
corporation, general or limited partnership, limited liability company, joint
venture, trust, association or organization which is, directly or indirectly,
controlled by, or under common control with, the Employer.

     

    1.3           AGREEMENT.  This
Rurbanc Data Services, Inc. Supplemental Executive Retirement Plan Agreement, as
it may be amended from time to time.

     

    1.4           ANNUAL DIRECT
SALARY.  The Executive’s annualized base salary based on the
highest base salary rate in effect for any pay period ending with or within the
thirty-six (36) consecutive calendar month period ending on or immediately
before the date on which it is being calculated.  Annual Direct Salary
will be determined without including any employee or fringe benefits, bonuses,
incentives or other compensation (other than base salary) paid or earned during
the calculation period.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    1.5         BENEFICIARY.  The
person or persons whom the Executive has designated to receive payments pursuant
to this Agreement in the event of his death.  If the Executive has not
designated any Beneficiary, the Executive’s estate shall be his
Beneficiary.

     

    1.6         CAUSE.  The term
“Cause” shall be defined, for purposes of this Agreement, as the occurrence of
one or more of the following:

     

    
      	
               
      

            	
              (a)

            	
              The
      willful failure by the Executive to substantially perform his duties
      hereunder (other than a failure resulting from the Executive’s incapacity
      because of death or disability), after notice from the Corporation and
      a failure to cure such violation within twenty (20) days of said
      notice;

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      willful engaging by the Executive in misconduct injurious to the
      Corporation or any Affiliate;

            

    

     

    
      	
               
      

            	
              (c)

            	
              Dishonesty,
      insubordination or gross negligence of the Executive in the performance of
      his duties;

            

    

     

    
      	
               
      

            	
              (d)

            	
              The
      Executive’s breach of fiduciary duty involving personal
      profit;

            

    

     

    
      	
               
      

            	
              (e)

            	
              The
      Executive’s violation of any law, rule or regulation governing issuers of
      publicly traded securities or any regulatory enforcement actions issued by
      a regulatory authority against the
Executive;

            

    

     

    
      	
               
      

            	
              (f)

            	
              Conduct
      on the part of the Executive which brings public discredit to the
      Corporation or any Affiliate and, if the effect may be cured, a failure to
      cure within twenty (20) days of the date notice of such conduct is
      delivered to the Executive;

            

    

     

    
      	
               
      

            	
              (g)

            	
              The
      Executive’s conviction of or plea of guilty or nolo contendere to a felony
      (including conviction of or plea of guilty or nolo contendere to a
      misdemeanor that was originally charged as a felony but was reduced to a
      misdemeanor as a result of a plea bargain), crime of falsehood or a crime
      involving moral turpitude, or the actual incarceration of the Executive
      for a period of twenty (20) consecutive days or
  more;

            

    

     

    
      	
               
      

            	
              (h)

            	
              An
      act by the Executive affecting any of the Corporation’s or any Affiliate’s
      employees, customers, business associates, contractors or visitors that a
      court or governmental authority with jurisdiction over the matter
      determines constitutes unlawful discrimination or harassment, or violates
      the Corporation’s or any Affiliate’s policy concerning discrimination or
      harassment;

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (i)

            	
              The
      Executive’s theft or abuse of the Corporation’s or any Affiliate’s
      property or the property of the Corporation’s or any Affiliate’s
      customers, employees, contractors, vendors or business
      associates;

            

    

     

    
      	
               
      

            	
              (j)

            	
              The
      direction or recommendation of a state or federal regulatory authority to
      remove the Executive from his position(s) with the Corporation or any
      Affiliate;

            

    

     

    
      	
               
      

            	
              (k)

            	
              The
      Executive’s willful failure to follow the good faith lawful instructions
      of the board of directors of the Corporation with regard to the operations
      of the Corporation and/or its Affiliates, after written notice and, if the
      event may be cured, a failure to cure such violation within twenty (20)
      days of the date said notice is delivered to the
  Executive;

            

    

     

    
      	
               
      

            	
              (l)

            	
              Material
      breach of any contract or agreement that the Executive entered with the
      Corporation or any Affiliate, including a breach of any of the obligations
      described in Article 4 and, if the breach may be cured, a failure to cure
      such breach within twenty (20) days of the date notice of such conduct is
      delivered to the Executive; or

            

    

     

    
      	
               
      

            	
              (m)

            	
              Unauthorized
      disclosure of the trade secrets or Confidential Information of the
      Corporation or any of its Affiliates, trade partners or
      vendors.

            

    

     

    However,
Cause will not arise solely because the Executive is absent from active
employment during periods of vacation, consistent with the Corporation’s
applicable policy or other period of absence initiated by the Executive and
approved by the Corporation.

     

    Also, if,
after the Executive terminates employment, the Corporation learns that the
Executive has actively concealed conduct or an event that, if discovered before
employment terminated, would have constituted “Cause,” the provisions of Section
3.3 will be applied retroactively to the date the Executive terminated
employment and the Corporation may recover any and all amounts paid to the
Executive (or to his or her beneficiaries) under this Agreement.

     

    1.7         CHANGE ENTITY.   In
the event of a Change of Control, the Corporation and any entity with which the
Corporation effects a Change of Control.

     

    1.8         CHANGE OF
CONTROL.  For purposes of this Agreement, the term “Change of
Control” shall mean the earliest of any of the following to occur after the
Merger:

     

    
      	
               
      

            	
              (a)

            	
              Of
      a nature that would be required to be reported in response to Item 6(e) of
      Schedule 14A of Regulation 14A or any successor rule or regulation
      promulgated under the Act;

            

    

    
      	
               
      

            	
              (b)

            	
              A
      merger or consolidation of RDSI with or purchase of all or substantially
      all of RDSI’s assets by another “person” (as such term is defined in
      Section 3(a)(9) of the Act and as used in Sections 13(d)(3) and 14(d)(2)
      of the Act) and, as a result of such merger, consolidation or sale of
      assets, less than a majority of the outstanding voting stock of the
      surviving, resulting or purchasing person is owned, immediately after the
      transaction, by the holders of the voting stock of RDSI before the
      transaction, regardless of when or how their voting stock was
      acquired;

            

    

     

    
      
         

      

      
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              (c)

            	
              Any
      “person” (as such term is defined in Section 3(a)(9) of the Act and as
      used in Sections 13(d)(3) and 14(d)(2) of the Act) becomes through any
      means a “beneficial owner” (as defined in Rule 13d-3 under the Act),
      directly or indirectly, of securities of RDSI representing fifty percent
      (50%) or more of the combined voting power of RDSI’s then outstanding
      securities eligible to vote for the election of RDSI’s board of
      directors;

            

    

     

    
      	
               
      

            	
              (d)

            	
              Any
      “person” as defined above, other than the Corporation or the Executive, is
      or becomes the “beneficial owner” (as defined in Rule 13d-3 and Rule
      13d-5, or any successor rule or regulation, promulgated under the Act),
      directly or indirectly, of securities of RDSI which represent twenty-five
      percent (25%) or more of the combined voting power of the securities of
      RDSI then outstanding but disregarding any securities with respect to
      which that acquirer has filed SEC Schedule 13G indicating that the
      securities were not acquired and are not held for the purpose of or with
      the effect of changing or influencing, directly or indirectly, RDSI’s
      management or policies, unless and until that entity or person files SEC
      Schedule 13D, at which point this exception will not apply to such
      securities, including those previously subject to a SEC Schedule 13G
      filing;

            

    

     

    
      	
               
      

            	
              (e)

            	
              Individuals
      who, on the Effective Date, constituted the board of directors of RDSI
      (the “Incumbent Directors”) cease for any reason to constitute at least a
      majority of the members of RDSI’s board of directors; provided that any
      person becoming a director subsequent to the Effective Date whose election
      or nomination for election was approved by a vote of at least two-thirds
      (2/3) of the then Incumbent Directors (either by a specific vote or by
      approval of the proxy statement of RDSI in which such person is named as a
      nominee for director, without written objection to such nomination) shall
      be an Incumbent Director; and further provided, however, that no
      individual elected or nominated as a director of RDSI initially as a
      result of an actual or threatened election contest with respect to
      directors or any other actual or threatened solicitation of proxies or
      consents by or on behalf of any person other than RDSI’s board of
      directors shall ever be deemed to be an Incumbent Director;
      and

            

    

     

    
      	
               
      

            	
              (f)

            	
              Any
      other change of control of RDSI similar in effect to the
      foregoing.

            

    

     

    Notwithstanding
any other provision of this Agreement, the Agreement will be administered
without regard to this definition if the Executive acted in concert with any
person or group (as defined above) to effect a Change of Control, other than at
the specific direction of the board of directors of RDSI and/or in his/her
capacity as an employee of RDSI.

     

    1.9        CODE.  The Internal
Revenue Code of 1986, as amended.

     

    1.10      CONFIDENTIAL
INFORMATION.  Any and all information (other than information
in the public domain) related to the Corporation’s business, including all
processes, inventions, trade secrets, computer programs, technical data,
drawings or designs, information concerning pricing and pricing policies,
marketing techniques, plans and forecasts, new product information, information
concerning methods and manner of operations and information relating to the
identity and location of all past, present and prospective customers and
suppliers.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    1.11         CORPORATION.  RDSI
and any of its successors, including the Change Entity.

     

    1.12         DATE OF THE CHANGE OF
CONTROL.  The date the first of any of the events described in
Section 1.8 occurs.

     

    1.13         EARLY RETIREMENT
BENEFIT.  The annual benefit provided in Section
3.2.

     

    1.14         EFFECTIVE DATE.  The
“Effective Date” as set forth in the Merger Agreement.

     

    1.15         EXECUTIVE.  John
Aranowicz, an individual.

     

    1.16         EXCISE TAXES.  The
excise taxes described in Section 4999 of the Code.

     

    1.17         MERGER.  The
transaction described in the Merger Agreement pursuant to which NHC will merge
with and into NC Merger Corp.

     

    1.18         MERGER
AGREEMENT.  That certain Agreement and Plan of Merger dated as
of April 25, 2009 by and among RDSI, NC Merger Corp. and NHC.

     

    1.19         NHC.  New Core
Holdings, Inc., a Florida corporation.

     

    1.20         NON-COMPETITION
AREA.  The geographic area of the United States of America, as
may be amended pursuant to Section 4.1(b).

     

    1.21         NON-COMPETITION
PERIOD.  The period beginning on the Effective Date and
extending throughout the two (2) year period following the Executive’s
Termination, as may be amended pursuant to Section 4.1(b).

     

    1.22         RDSI.  Rurbanc Data
Services, Inc., an Ohio corporation having a place of business at 401 Clinton
St., Defiance, Ohio.

     

    1.23         RETIREMENT
DATE.  Provided that the Executive remains in the continuous
employ of the Corporation, the first December 31st after his sixty-fifth
(65) birthday, unless shortened or extended by action of the board of directors
of RDSI.

     

    1.24         RETIREMENT
BENEFIT.  The annual benefit provided in Section
3.1.

     

    1.25         TERMINATES.  The
Executive’s “separation from service,” within the meaning of Section 409A of the
Code, from RDSI.

     

    1.26         YEAR OF SERVICE. A year of
employment with the Corporation, as determined by the Corporation in its sole
discretion; provided, however, that for purposes of determining Years of Service
under this Agreement, the Executive shall be credited with his years of
employment with NHC.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    ARTICLE
2:  INTENT

     

    2.1           EFFECTIVE
DATE.  This Agreement shall become effective on the Effective
Date.

     

    2.2           PARTICIPATION IN OTHER
PLANS.  The benefits provided hereunder shall be in addition to
the Executive’s annual salary as determined by the board of directors of the
Corporation, and shall not affect the right of the Executive to participate in
any current or future Corporation retirement plan, group insurance, bonus, or
supplemental compensation arrangement which constitutes a part of the
Corporation’s regular compensation structure.

     

    2.3           FRINGE
BENEFITS.  The benefits provided by this Agreement are granted
by the Corporation as a fringe benefit to the Executive and are not part of any
salary reduction plan or an arrangement deferring a bonus or a salary
increase.  The Executive has no option to take any current payment or
bonus in lieu of these benefits.

     

    2.4           ACCOUNTING.  The
Corporation shall account for the Executive’s benefit under this Agreement using
the regulatory accounting principles of the Corporation’s primary federal
regulator consistent with generally applicable accounting
principles.  The Corporation shall establish an unfunded accrued
liability retirement account for the Executive.

     

    2.5           TOP-HAT PLAN.  The
Corporation intends that this Agreement be considered an unfunded arrangement
maintained primarily to provide supplemental retirement benefits to the
Executive, as a member of a select group of management or highly compensated
employees of the Corporation for the purposes of the Employee Retirement Income
Security Act of 1974, as amended.

     

    2.6           ADMINISTRATION.  RDSI
(or its designee) shall administer the Agreement and shall supervise the
maintenance of such accounts and records as it deems necessary or desirable. In
this capacity, RDSI (or its designee) shall have complete and absolute
discretion to interpret and construe the provisions of this Agreement, to adopt
rules, regulations and procedures consistent therewith, and to make all findings
of fact, correct errors and supply omissions, and decide all disputes with
respect to the rights and obligations of the Executive.  The decisions
of RDSI (or its designee), as administrator, shall be final and conclusive with
respect to every question that may arise relating to either the interpretation
or administration of the Agreement, and its decision shall be binding on all
parties and may not be overturned unless determined by a court of appropriate
jurisdiction to be arbitrary and capricious.

     

    ARTICLE
3: BENEFITS

     

    3.1           RETIREMENT
BENEFIT.  If the Executive Terminates on or after his
Retirement Date, the Corporation shall pay the Executive a Retirement Benefit
equal to twenty percent (20%) of his Annual Direct Salary.  Payment of
the Retirement Benefit shall commence on the first day of the month following
the date of Termination and shall be payable in substantially equal monthly
installments for a period of one hundred eighty (180) months.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    3.2           EARLY RETIREMENT
BENEFIT.  If the Executive Terminates prior to his Retirement
Date, provided that the Executive has at least five (5) Years of Service, the
Executive shall be entitled to receive an Early Retirement Benefit based on his
age on the date of Termination equal to the percentage of his Annual Direct
Salary as set forth below:

     

    
      
        
          
            
              	
                      Age

                    	 
      	
                      Percentage

                    
	 	 	 
	
                      At
      least age fifty-five (55) but less than age sixty (60)

                    	 
      	
                      10%

                    
	 	 	 
	
                      At
      least age sixty (60) but less than age sixty-five (65)

                    	 
      	
                      15%

                    
	 	 	 
	
                      Age
      sixty-five (65)

                    	 
      	
                      20%

                    

            

          

        

      

    

     

    Payment
of the Early Retirement Benefit shall be made at the same time and in the same
form as described in Section 3.1.

     

    3.3         OTHER TERMINATION OF
EMPLOYMENT. Notwithstanding the foregoing, if the Executive:

     

    
      	
               
      

            	
              (a)

            	
              Terminates
      prior to attaining age fifty-five (55) or Terminates without at least
      five  (5) Years of Service and prior to his Retirement Date, the
      Executive will not be entitled to any benefit under this
      Agreement;

            

    

     

    
      	
               
      

            	
               (b)

            	
              Is
      Terminated for Cause, the Executive will not be entitled to any benefit
      (whether or not vested) under this Agreement;
or

            

    

     

    
      	
               
      

            	
              (c)

            	
              Develops
      a permanent disability while employed and prior to attaining age
      fifty-five (55) or without at least five (5) Years of Service and prior to
      his Retirement Date, the Executive will not be entitled to any benefit
      (whether or not vested) under this Agreement.  For purposes of
      this Agreement, a “permanent disability” shall mean a physical or mental
      impairment that renders the Executive incapable of performing the
      essential functions of his job, on a full-time basis, even taking into
      account any reasonable accommodation required by law, as determined by a
      physician who is selected by the agreement of the Executive and the
      Corporation, for a period greater than one-hundred eighty (180)
      days.

            

    

     

    3.4         EFFECT OF DEATH FOLLOWING
TERMINATION.  In the event the Executive dies after Termination
but before all Retirement Benefit or Early Retirement Benefit payments have been
made, the Corporation shall continue making such payments to the Executive’s
Beneficiary.

     

    3.5         DEATH BENEFIT PRIOR TO
TERMINATION.

     

    
      	
               
      

            	
              (a)

            	
              Death Prior to
      Retirement Date.  In the event the Executive dies while
      actively employed by the Corporation at any time after the Effective Date
      but prior to his Retirement Date, and the Executive would have been
      eligible to receive an Early Retirement Benefit had he Terminated on the
      date of death, the Corporation will pay a death benefit to the Executive’s
      Beneficiary equal to the Early Retirement Benefit the Executive would have
      received had he Terminated on the date of
death.

            

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (b)

            	
              Death On or After
      Retirement Date.  In the event the Executive dies while
      actively employed by the Corporation at any time after the Effective Date
      and on or after his Retirement Date but prior to his Termination, the
      Corporation will pay a death benefit to the Executive’s Beneficiary equal
      to the Retirement Benefit as though the Executive Terminated on the date
      of death.

            

    

     

    
      	
               
      

            	
              (c)

            	
              Payment of Death
      Benefit.  Payment of the death benefit described in this
      Section 3.5 shall begin on the first day of the first month following the
      Executive’s death and shall be in substantially equal monthly installments
      for a period of one hundred eighty (180)
months.

            

    

     

    3.6         EFFECT OF CHANGE OF
CONTROL.  In the event of a Change of Control, the Executive
shall become entitled to receive a Retirement Benefit upon his Termination
following such Change of Control regardless of his age or Years of Service,
calculated on the basis of the higher of his Annual Direct Salary on the Date of
the Change of Control or on the date of Termination.  The benefit
payable pursuant to this Section 3.6 shall be paid following the Executive’s
Termination following the Change of Control as described in Section
3.1.

     

    3.7         SIX-MONTH DISTRIBUTION DELAY FOR
SPECIFIED EMPLOYEES.  Notwithstanding anything in this
Agreement to the contrary, in the event that the Executive is a “specified
employee” (as defined in Section 409A of the Code) of the Corporation,
determined pursuant to the Corporation’s policy for identifying specified
employees, on the date of his Termination, no payment on account of the
Executive’s Termination shall be made until the first (1st) day of the seventh
(7th) month following the date of Termination (or, if earlier, the date of his
death).  The cumulative amount paid on such day shall include any
payments that could not be made during such period.

     

    ARTICLE
4: COVENANTS

     

    4.1         NON-COMPETITION.  In
consideration of the benefits provided under this Agreement:

     

    
      	
               
      

            	
              (a)

            	
              The
      Executive hereby acknowledges and recognizes the highly competitive nature
      of the business of the Corporation.  Accordingly, in
      consideration of the benefits described in this Agreement, during the
      Non-Competition Period, the Executive shall
not:

            

    

     

    
      	
               
      

            	
              (i)

            	
              In
      the Non-Competition Area, provide financial or executive assistance to any
      person, firm, corporation or enterprise engaged in: (1) data or item
      processing for the financial services industry; or (2) any other
      activity in which the Corporation or any Affiliate engaged at the
      beginning of the Non-Competition Period (the “Restricted Activities”);
      provided, however, that “Restricted Activities” shall not include
      participating in senior management and/or on a board of directors of a
      financial institution which does not have an Affiliate that provides data
      or item processing to unrelated third parties;
  or

            

    

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (ii)

            	
              Directly
      or indirectly contact, solicit or induce any person, corporation or other
      entity who or which is a customer or referral source of the Corporation or
      any Affiliate during the term of the Executive’s employment or on the date
      of the Executive’s Termination, to become a customer or referral source
      for any person or entity engaged in Restricted Activities other than the
      Corporation or its Affiliates; or

            

    

     

    
      	
               
      

            	
              (iii)

            	
              Directly
      or indirectly solicit, induce or encourage any employee of the Corporation
      or any Affiliate, who is employed during the term of the Executive’s
      employment or on the date of the Executive’s Termination, to leave the
      employ of the Corporation or its Affiliates or to seek, obtain or accept
      employment with any person or entity other than the Corporation or its
      Affiliates.

            

    

     

    Notwithstanding
anything to the contrary in this Agreement, the Executive may, directly or
indirectly own, solely as a passive investment, securities of any entity engaged
in Restricted Activities which are publicly traded on a national or regional
stock exchange or on the over-the-counter market, if the Executive (A) is
not a controlling person of, or a member of a group which controls, such entity
and (B) does not, directly or indirectly, own 5% or more of any class of
securities of such entity.

     

    
      	
               
      

            	
              (b)

            	
              It
      is expressly understood and agreed that, although the Executive and RDSI
      consider the restrictions contained in this Section 4.1 reasonable for the
      purpose of preserving for the Corporation, its good will and other
      proprietary rights, if a final judicial determination is made by a court
      having jurisdiction that the Non-Competition Area, the Non-Competition
      Period or any other restriction contained in this Section 4.1 is an
      unreasonable or otherwise unenforceable restriction against the Executive,
      the provisions of this Section 4.1 shall not be rendered void, but shall
      be deemed amended to apply as to such maximum time and territory and to
      such other extent as such court may judicially determine or indicate to be
      reasonable.

            

    

     

    
      	
               
      

            	
              (c)

            	
              The
      existence of any immaterial claim or cause of action of the Executive
      against the Corporation, whether predicated on this Agreement or
      otherwise, shall not constitute a defense to the enforcement by the
      Corporation of this covenant.  Conversely, any material breach
      of the obligations of the Employer under this Agreement or that certain
      Employment Agreement by and between the parties of even date herewith
      shall void and terminate this Section 4.1.  The Executive agrees
      that any breach of the restrictions set forth in this Section 4.1 will
      result in irreparable injury to the Corporation for which it will have no
      adequate remedy at law and the Corporation shall be entitled to seek
      injunctive relief in order to enforce the provisions hereof and/or seek
      specific performance and damages.

            

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    4.2         UNAUTHORIZED
DISCLOSURE.  During the term of his employment, or at any later
time, the Executive shall not, without the written consent of the board of
directors of the Corporation or a person authorized thereby, knowingly use or
disclose to any person, other than an employee of the Corporation, or a person
to whom disclosure is reasonably necessary or appropriate in connection with the
performance by the Executive of his duties as an executive of the Corporation
any material Confidential Information obtained by him while in the employ of the
Corporation with respect to any of the services, products, improvements,
formulas, designs or styles, processes, customers, customer lists, methods of
business or any business practices of the Corporation,  the disclosure
of which could be or will be damaging to the Corporation; provided, however,
that Confidential Information shall not include any information known generally
to the public (other than as a result of unauthorized disclosure by the
Executive or any person with the assistance, consent or direction of the
Executive) or any information of a type not otherwise considered confidential by
persons engaged in the same business or a business similar to that conducted by
the Corporation or any information that must be disclosed as required by
law.

     

    ARTICLE
5: GOLDEN PARACHUTE PROVISIONS

     

    Notwithstanding
any provision in this Agreement to the contrary (other than Sections 6.9 and
6.10 which will apply under the circumstances described in those paragraphs and
below), if, as of the date of the Change of Control, the Change Entity (after
consulting with an independent accounting or compensation consulting company)
ascertains that the compensation and benefits provided to the Executive pursuant
to or under this Agreement (other than the amounts described in Sections 6.9 and
6.10), either alone or when combined with other compensation and benefits
received by the Executive, would constitute “excess parachute payments” within
the meaning of Section 280G of the Code, or the Treasury Regulations promulgated
thereunder, then:

     

    
      	
               
      

            	
              (a)

            	
              The
      relevant provisions of any change of control agreement and/or employment
      agreement to which the Corporation and the Executive are parties on the
      Date of the Change of Control will apply;
or

            

    

     

    
      	
               
      

            	
              (b)

            	
              If
      the Executive and the Corporation are not parties to a change of control
      agreement and/or employment agreement on the Date of the Change of
      Control, such compensation and benefits shall be (retroactively, if
      necessary) reduced to the extent necessary to avoid Excise Taxes, which
      reduction shall comply with Section 409A of the
      Code.  Notwithstanding the foregoing or any other provision of
      this Agreement to the contrary, if any portion of the amount herein
      payable to the Executive is determined to be non-deductible pursuant to
      the Treasury Regulations promulgated under Section 280G of the Code, the
      Corporation shall be required only to pay to the Executive the amount
      determined to be deductible under Section 280G of the
  Code.

            

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    If the
Internal Revenue Service subsequently and finally decides that the amount of
compensation and benefits (including after the reduction applied under this
Article 5) will generate Excise Taxes or a loss of deduction under Section 280G
of the Code with respect to the compensation and benefits (other than those
amounts described in Sections 6.9 and 6.10), the Executive will immediately
remit an additional amount to the Change Entity equal to the difference between
the amount paid (other than those amounts described in Sections 6.9 and 6.10)
and the minimum amount necessary to avoid the imposition of Excise Taxes or a
loss of deduction under Section 280G of the Code.  Also, the
Executive agrees to promptly notify the Corporation of an assessment or inquiry
from the Internal Revenue Service relating to payments under this Agreement that
would, if made final, result in imposition of an Excise Tax or a loss of
deduction under Section 280G of the Code and also agrees to cooperate in
resisting any Excise Tax assessment.  However, the Corporation will
have complete control over resolution of any claim by the Internal Revenue
Service that might generate an Excise Tax (although it will have no dispositive
power over any other tax matter that may be subject to the same audit) and the
Corporation will bear all costs associated with that effort provided that any
costs paid or reimbursed by the Corporation shall be subject to the following
limitations: (i) the costs eligible for payment shall include any costs arising
during the lifetime of the Executive; (ii) the amount of costs paid during
any taxable year of the Executive may not affect the amount of costs eligible
for payment in any other taxable year of the Executive; (iii) any costs being
paid shall be paid no later than the last day of the Executive’s taxable year
following the year in which they were incurred; and (iv) the right to
payment may not be subject to liquidation or exchange for another
benefit.

     

    ARTICLE
6: MISCELLANEOUS

     

    6.1           RESTRICTIONS ON
FUNDING.  The Corporation shall have no obligation to set
aside, earmark, or entrust any specific fund or money with which to pay its
obligation under this Agreement.  The Corporation reserves the
absolute right at its sole discretion to either fund the obligations undertaken
by this Agreement or to refrain from funding the same and determine the extent,
nature, and method of such funding.

    6.2           GENERAL ASSETS OF THE
CORPORATION.  The rights of the Executive under this Agreement
and of any Beneficiary shall be solely those of an unsecured creditor of the
Corporation.  If the Corporation shall acquire an insurance policy or
any other asset in connection with the liabilities assumed by it hereunder, it
is expressly understood and agreed that neither the Executive nor any
Beneficiary shall have any right with respect to, or claim against, such policy
or other asset.  Such policy or asset shall not be deemed to be held
under any trust for the benefit of the Executive or his Beneficiaries or to be
held in any way as collateral security for the fulfilling of the obligations of
the Corporation under this Agreement.  It shall be, and remain, a
general, unpledged, unrestricted asset of the Corporation and the Executive or
any of his Beneficiaries shall not have a greater claim to the insurance policy
or other assets, or any interest in either of them, than any other general
creditor of the Corporation.

     

    6.3           NO EMPLOYMENT CONTRACT. This
Agreement is not an employment contract. Nothing contained herein shall
guarantee or assure the Executive of continued employment by the
Corporation.

     

    6.4           NOTICE. For the purposes of
this Agreement, notices and all other communications provided for in this
Agreement shall be in writing and shall be deemed to have been duly given when
delivered or mailed by United States certified mail, return receipt requested,
postage prepaid, addressed as follows:

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    
      	
              If
      to the Executive:

            	
              John
      Aranowicz

            
	 
      	
              At
      the last address on file with the

              Corporation

            
	 
      	 
      
	
              If
      to the Corporation:

            	
              Rurbanc
      Data Services, Inc.

            
	 
      	
              Attention:  Chief
      Executive Officer

            
	 
      	
              7622
      State Route 66 N

            
	 
      	
              Defiance,
      OH  43512

            

    

     

    or to
such other address as the Executive or the Corporation may have furnished to the
other in writing in accordance herewith, except that notices of change of
address shall be effective only upon receipt.

     

    6.5         SUCCESSORS; BINDING
AGREEMENT.  This Agreement shall inure to the benefit of and be
binding upon RDSI, the Corporation and the Executive and their respective
personal representatives, heirs, assigns or successors, provided, however, that
the Executive may not commute, anticipate, encumber, dispose or assign any
payment herein except as may be otherwise specified in this
Agreement.

     

    6.6         SEVERABILITY. If any provision
of this Agreement is declared unenforceable for any reason, the remaining
provisions of this Agreement shall be unaffected thereby and shall remain in
full force and effect.

     

    6.7         WAIVER;
AMENDMENT.  No provision of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to
in writing and signed by the Executive and an executive officer specifically
designated by the board of directors of RDSI. No waiver by either party, at any
time, of any breach by the other party of, or compliance with, any condition or
provision of this Agreement to be performed by such other party shall be deemed
a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time. This Agreement may be amended or canceled only by
mutual agreement of the parties in writing.

     

    6.8         LIMITATION OF DAMAGES FOR BREACH OF
AGREEMENT.  In the event of a breach of this Agreement, by
either the Corporation or the Executive, each hereby waives to the fullest
extent permitted by law, the right to assert any claim against the others for
punitive or exemplary damages.  Except as provided in Section 6.10, no
party will be entitled to the recovery of attorney’s fees or costs.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              6.9

            	
              ARBITRATION

            

    

     

    
      	
               
      

            	
              (a)

            	
              Resolution of
      Disputes.  The Corporation and the Executive recognize
      that in the event a dispute should arise between them concerning the
      interpretation or implementation of this Agreement, lengthy and expensive
      litigation will not afford a practical resolution of the issues within a
      reasonable period of time.  Consequently, each party agrees that
      all disputes, disagreements and questions of interpretation concerning
      this Agreement, except for any claims brought by the Corporation for
      equitable relief or an injunction to enforce the restrictive covenants
      contained in Article 4, are to be submitted for resolution, in Defiance
      County, Ohio to the American Arbitration Association (the “Association”)
      in accordance with the Association’s National Rules for the Resolution of
      Employment Disputes or other applicable rules then in effect
      (“Rules”).  The Corporation or the Executive may initiate an
      arbitration proceeding at any time by giving notice to the other in
      accordance with the Rules.  The Corporation and the Executive
      may, as a matter of right, mutually agree on the appointment of a
      particular arbitrator from the Association’s pool.  The
      arbitrator shall not be bound by the rules of evidence and procedure of
      the courts of the State of Ohio, but shall be bound by the substantive law
      applicable to this Agreement.  The decision of the arbitrator,
      absent fraud, duress, incompetence or gross and obvious error of fact,
      shall be final and binding upon the parties and shall be enforceable in
      courts of proper jurisdiction.  Following written notice of a
      request for arbitration, the Corporation and the Executive shall be
      entitled to an injunction restraining all further proceedings in any
      pending or subsequently filed litigation concerning this Agreement, except
      as otherwise provided herein.

            

    

     

    
      	
               
      

            	
              (b)

            	
              Costs.  The
      Corporation or the Change Entity will bear all reasonable costs associated
      with any dispute arising under this Agreement, including reasonable
      accounting and legal fees incurred by the Executive in connection with the
      arbitration proceedings just described. Any such payment by the
      Corporation shall be subject to the following limitations: (i) the costs
      eligible for payment shall include any costs arising during the lifetime
      of the Executive; (ii) the amount of costs paid during any taxable year of
      the Executive may not affect the amount of costs eligible for payment in
      any other taxable year of the Executive; (iii) any costs being paid shall
      be paid no later than December 31 of the year following the year in which
      they were incurred; and (iv) the right to payment may not be subject to
      liquidation or exchange for another
benefit.

            

    

     

    If
otherwise due, payments not being contested under the procedures described in
this section will not be deferred during the pendency of procedures described in
this section.

     

    6.10       LEGAL FEES.  The
Corporation or the Change Entity shall pay all reasonable legal, accounting and
actuarial fees and expenses incurred by the Executive in enforcing any right or
benefit provided by this Agreement.  If it is subsequently determined
that payment of these fees are excess parachute payments, the Corporation or the
Change Entity will fully gross-up the Executive for the income, wage, employment
and excise taxes associated with that payment so that, after all applicable
federal, state and local, income, wage, employment and excise taxes (plus any
assessed interest and penalties), the Executive will have incurred no liability
(either for these fees or the taxes just listed) with respect to the matters
encompassed in this paragraph.  Any payments made pursuant to the
first sentence of this Section 6.10 shall be made as provided in Section
6.9(b).  Any gross-up payment under this Section 6.10 shall be paid to
the Executive no later than the end of the Executive’s taxable year next
following the Executive’s taxable year in which the Executive remits the related
taxes.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    6.11       LAW GOVERNING. This Agreement
shall be governed by and construed in accordance with the laws of the State of
Ohio, without regard to its conflicts of law principles.

     

    6.12       VALIDITY.  The
invalidity or unenforceability of any provision of this Agreement shall not
affect the validity or enforceability of any other provision of this Agreement,
which shall remain in full force and effect.

     

    6.13       HEADINGS.  The
paragraph headings of this Agreement are for convenience only and shall not
control or affect the meaning or construction or limit the scope or intent of
any of the provisions of this Agreement.

     

    6.14       OTHER PROVISIONS.

     

    
      	
               
      

            	
              (a)

            	
              Except
      as expressly provided in this Agreement, the Executive’s right to receive
      the payments described in this Agreement will not decrease the amount of,
      or otherwise adversely affect, any other benefits payable to the Executive
      under any other plan, agreement or
arrangement.

            

    

     

    
      	
               
      

            	
              (b)

            	
              The
      Executive is not required to mitigate the amount of any payment described
      in this Agreement by seeking other employment or otherwise, nor will the
      amount of any payment or benefit provided for in this Agreement be reduced
      by any compensation or benefits the Executive earns, or is entitled to
      receive, in any capacity after Termination or by reason of the Executive’s
      receipt of or right to receive any retirement or other benefits
      attributable to employment.

            

    

     

    
      	
               
      

            	
              (c)

            	
              Except
      as expressly provided elsewhere in this Agreement, the amount of any
      payment made under this Agreement will be reduced by the minimum amounts
      the Employer is required to withhold in payment (or in anticipation of
      payment) of any income, wage or employment taxes imposed on the
      payment.

            

    

     

    
      	
               
      

            	
              (d)

            	
              The
      right of the Executive or any other person to receive any amount under
      this Agreement may not be assigned, transferred, pledged or encumbered
      except by will or by applicable laws of descent and
      distribution.  Any attempt to assign, transfer, pledge or
      encumber any amount that is or may be receivable under this Agreement will
      be null and void and of no legal effect.  However, this
      paragraph will not preclude payment under this Agreement of any benefit to
      which a deceased Executive is
entitled.

            

    

     

    
      	
               
      

            	
              (e)

            	
              Subject
      to the preceding paragraph (d), this Agreement inures to the benefit
      of and may be enforced by the Executive’s personal or legal
      representatives, executors, administrators, successors, heirs,
      distributees, devisees and
legatees.

            

    

     

    6.15     
ENTIRE
AGREEMENT.  This Agreement supersedes any and all prior
agreements, either oral or in writing, between the parties (including such
agreement with any Affiliate of RDSI) with respect to similar payments and this
Agreement contains all the covenants and agreements between the parties with
respect to same.

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    6.16       SECTION 409A.   This
Agreement is intended to comply with the requirements of Section 409A of the
Code and, to the maximum extent permitted by law, shall be interpreted,
construed and administered consistent with this intent.  Neither RDSI
nor any other person shall have liability in the event this Agreement fails to
comply with the requirements of Section 409A of the Code.  Nothing in
this Agreement shall be construed as the guarantee of any particular tax
treatment to the Executive.

     

    [Remainder
of Page Intentionally Left Blank]

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have
caused this Agreement to be duly executed in their respective names and, in the
case of the Corporation, by its authorized representatives the day and year
above mentioned.

     

    
      
        	
                RURBANC
      DATA SERVICES, INC.

              
	 
      
	
                By:

              	
                /s/ Kenneth A. Joyce

              
	
                 
      Kenneth A. Joyce, Chief Executive Officer

              
	 
      	 
      
	
                Date:

              	
                April 25, 2009

              
	 
      	 
      
	
                EXECUTIVE

              
	 
      
	
                /s/ John Aranowicz

              
	
                John
      Aranowicz

              
	 
      
	
                Date:

              	
                April 25,
2009

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