Document:

Exhibit 10.4

 

FIRST AMENDMENT

TO

EXECUITVE EMPLOYMENT AGREEMENT

 

This First Amendment ("Amendment")
to the Amended and Restated Executive Employment Agreement ("Agreement") is made as of the 24th day of May, 2017 by and
between Howard Bank ("Bank") a Maryland-chartered trust company and Robert A. Altieri ("Executive"), a resident
of the State of Maryland.

 

WHEREAS on September 30,
2014 the bank entered in the Agreement and

 

WHEREAS the parties hereto
desire to amend Section 3.1 of the Agreement as provided herein.

 

NOW THEREFORE, in consideration
of the mutual benefits to be derived hereunder, adequacy of such consideration being hereby acknowledged by the parties, the parties
agree as follows:

 

1.            Section
3.1 of the Agreement is deleted in its entirety and replaced with the following new Section 3.1

 

3.1           TERM.
The current term of this Agreement will conclude on March 31, 2018. The initial term and any renewals thereof are referred to as
the “Term.” Commencing on March 31, 2018 and continuing on each March 31st, thereafter (in each case the “Renewal
Date”), unless written notice of non-renewal is provided to the Executive at least sixty (60) days prior to such Renewal
Date. Commencing prior to 60 day period prior to the Renewal Date, the disinterested members of the Board (or a Committee comprised
solely of disinterested members) will conduct a comprehensive performance evaluation and review of the Executive for purposes of
determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s (or
Committee’s) meeting. In the event this Agreement expires due to non renewal, this Agreement and Employee’s employment
shall terminate on the expiration date of this Agreement.

 

2.            AGREEMENT.
The remainder of the Agreement remains unchanged.

 

3.            NOTICE.
All notices and other communications required or permitted under this Amendment will be in writing and, if mailed by prepaid first-class
mail or certified mail, return receipt requested, will be deemed to have been received on the earlier of the date shown on the
receipt or three (3) business days after the postmarked date thereof. In addition, notices hereunder may be delivered by
hand, facsimile transmission or overnight courier, in which event the notice will be deemed effective when delivered or transmitted.
All notices and other communications under this Amendment must be given to the parties hereto at the following addresses:

 

     

     

    

 

If to the Employer:

 

Howard Bank

 

6011 University Boulevard

Suite 370

Ellicott City, MD 21043

 

Attn: Chief Executive Officer, Lead Independent Director
and Governance Committee Chair

 

With copy to:

 

Frank C. Bonaventure, Jr.

Baker Donelson

100 Light Street

Baltimore, Maryland 21202

 

If to the Executive:

 

Robert A. Altieri

2814 Shadow Roll Court

Glenwood, MD 21738

 

4.            APPLICABLE
LAW. This Amendment will be construed and enforced under and in accordance with the laws of the State of Maryland. The parties
agree that any appropriate state court located in Howard County, Maryland, will have jurisdiction of any case or controversy arising
under or in connection with this Amendment and will be a proper forum in which to adjudicate such case or controversy. The parties
consent to the jurisdiction of such courts.

 

5.            INTERPRETATION.
Words importing the singular form shall include the plural and vice versa. The terms “herein”, “hereunder”,
“hereby”, “hereto”, “hereof” and any similar terms refer to this Amendment. Any captions,
titles or headings preceding the text of any article, section or subsection herein are solely for convenience of reference and
will not constitute part of this Amendment or affect its meaning, construction or effect.

 

6.            ENTIRE
AGREEMENT. This Amendment embodies the entire and final agreement of the parties on the subject matter stated in the Amendment.
No amendment or modification of this Amendment will be valid or binding upon the Employer or the Executive unless made in writing
and signed by both parties. All prior understandings and agreements relating to the subject matter of this Amendment are hereby
expressly terminated.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF,
the Bank and the Executive have executed and delivered this Amendment as of the date first shown above.

 

	 	Employer:
	 	 
	 	HOWARD BANK
	 	 
	 	By:	/s/ Mary Ann Scully
	 	 	Mary Ann Scully
	 	 	Chief Executive Officer

 

	 	Executive:
	 	 
	 	/s/ Robert A. Altieri
	 	Robert A. AltieriExhibit 10.5

 

FIRST AMENDMENT

TO

EXECUITVE EMPLOYMENT AGREEMENT

 

This First Amendment ("Amendment")
to the Amended and Restated Executive Employment Agreement ("Agreement") is made as of the 24th day of May, 2017 by and
between Howard Bank ("Bank") a Maryland-chartered trust company and James D. Witty ("Executive"), a resident
of the State of Maryland.

 

WHEREAS on April 29, 2016
the bank entered in the Agreement and

 

WHEREAS the parties hereto
desire to amend Section 3.1 of the Agreement as provided herein.

 

NOW THEREFORE, in consideration
of the mutual benefits to be derived hereunder, adequacy of such consideration being hereby acknowledged by the parties, the parties
agree as follows:

 

1.            Section
3.1 of the Agreement is deleted in its entirety and replaced with the following new Section 3.1

 

3.1           TERM.
The current term of this Agreement will conclude on March 31, 2018. The initial term and any renewals thereof are referred to as
the “Term.” Commencing on March 31, 2018 and continuing on each March 31st, thereafter (in each case the “Renewal
Date”), unless written notice of non-renewal is provided to the Executive at least sixty (60) days prior to such Renewal
Date. Commencing prior to 60 day period prior to the Renewal Date, the disinterested members of the Board (or a Committee comprised
solely of disinterested members) will conduct a comprehensive performance evaluation and review of the Executive for purposes of
determining whether to extend the Agreement, and the results thereof shall be included in the minutes of the Board’s (or
Committee’s) meeting. In the event this Agreement expires due to non renewal, this Agreement and Employee’s employment
shall terminate on the expiration date of this Agreement.

 

2.            AGREEMENT.
The remainder of the Agreement remains unchanged.

 

3.            NOTICE.
All notices and other communications required or permitted under this Amendment will be in writing and, if mailed by prepaid first-class
mail or certified mail, return receipt requested, will be deemed to have been received on the earlier of the date shown on the
receipt or three (3) business days after the postmarked date thereof. In addition, notices hereunder may be delivered by hand,
facsimile transmission or overnight courier, in which event the notice will be deemed effective when delivered or transmitted.
All notices and other communications under this Amendment must be given to the parties hereto at the following addresses:

 

     

     

    

 

If to the Employer:

 

Howard Bank

 

6011 University Boulevard

Suite 370

Ellicott City, MD 21043

 

Attn: Chief Executive Officer, Lead Independent Director
and Governance Committee Chair

 

With copy to:

 

Frank C. Bonaventure, Jr.

Baker Donelson

100 Light Street

Baltimore, Maryland 21202

 

If to the Executive:

 

James D. Witty

21801 Shawn Valley Lane

Reisterstown, MD 21136

 

4.            APPLICABLE
LAW. This Amendment will be construed and enforced under and in accordance with the laws of the State of Maryland. The parties
agree that any appropriate state court located in Howard County, Maryland, will have jurisdiction of any case or controversy arising
under or in connection with this Amendment and will be a proper forum in which to adjudicate such case or controversy. The parties
consent to the jurisdiction of such courts.

 

5.            INTERPRETATION.
Words importing the singular form shall include the plural and vice versa. The terms “herein”, “hereunder”,
“hereby”, “hereto”, “hereof” and any similar terms refer to this Amendment. Any captions, titles
or headings preceding the text of any article, section or subsection herein are solely for convenience of reference and will not
constitute part of this Amendment or affect its meaning, construction or effect.

 

6.            ENTIRE
AGREEMENT. This Amendment embodies the entire and final agreement of the parties on the subject matter stated in the Amendment.
No amendment or modification of this Amendment will be valid or binding upon the Employer or the Executive unless made in writing
and signed by both parties. All prior understandings and agreements relating to the subject matter of this Amendment are hereby
expressly terminated.

 

[Signature Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF,
the Bank and the Executive have executed and delivered this Amendment as of the date first shown above.

 

	 	Employer:
	 	 
	 	HOWARD BANK
	 	 
	 	By:	/s/ Mary Ann Scully
	 	 	Mary Ann Scully
	 	 	Chief Executive Officer

 

	 	Executive:
	 	 
	 	/s/ James D. Witty
	 	James D. WittyEX-10.3

 Exhibit 10.3 

FOURTH AMENDMENT TO CREDIT AGREEMENT 

This FOURTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), effective as of July 22, 2016 (the
“Effective Date”), is by and among FABRINET, an exempted company incorporated with limited liability in the Cayman Islands (the “Company”), the Designated Borrowers (together with the Company, the
“Borrowers” and each a “Borrower”), the Guarantors party hereto, the Lenders party hereto and BANK OF AMERICA, N.A., as administrative agent (in such capacity, the “Administrative Agent”).
Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement. 
 W I T
N E S S E T H 
 WHEREAS, the Company, the Designated Borrowers, Subsidiaries of the Company from time to time party
thereto (the “Guarantors”), certain banks and financial institutions from time to time party thereto (the “Lenders”) and Bank of America, N.A., as Administrative Agent, are parties to that certain Credit Agreement
dated as of May 22, 2014 (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”);  

WHEREAS, the Loan Parties have requested that the Required Lenders amend certain provisions of the Credit Agreement; and 

WHEREAS, the Lenders party hereto, constituting the Required Lenders, are willing to amend the Credit Agreement in accordance
with and subject to the terms and conditions set forth herein. 
 NOW, THEREFORE, in consideration of the agreements
hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 
 AMENDMENTS TO
CREDIT AGREEMENT 
 1.1 Amendment to Section 6.01(c). Section 6.01(c) of the Credit Agreement is
hereby amended by deleting the phrase “thirty (30) days” and replacing such phrase with “sixty (60) days”. 

ARTICLE II 
 CONDITIONS
TO EFFECTIVENESS 
 2.1 Closing Conditions. This Amendment shall become effective as of the Effective Date upon
satisfaction (or waiver) of the following conditions: 
 (a) Executed Amendment. The Administrative Agent shall
have received a copy of this Amendment duly executed by each of the Loan Parties, the Lenders constituting the Required Lenders and the Administrative Agent. 

(b) Default. After giving effect to this Amendment, no Default or Event of Default shall exist. 

(c) Fees and Expenses. The Administrative Agent shall have received from the Company such fees and expenses that are
payable in connection with the consummation of the transactions contemplated hereby. 
 (d) Miscellaneous. All other
documents and legal matters in connection with the transactions contemplated by this Amendment shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel. 

 ARTICLE III 

MISCELLANEOUS 
 3.1
Amended Terms. On and after the Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or
otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms. 

3.2 Representations and Warranties of Loan Parties. Each of the Loan Parties represents and warrants, as of the Effective
Date, as follows: 
 (a) It has taken all necessary action to authorize the execution, delivery and performance of this
Amendment. 
 (b) This Amendment has been duly executed and delivered by such Person and constitutes such Person’s
legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting
creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity). 

(c) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental
authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment. 

(d) The representations and warranties of the Company and each other Loan Party contained in Article V of the Credit
Agreement or any other Loan Document shall (i) with respect to representations and warranties that contain a materiality qualification, be true and correct (except to the extent such representations and warranties relate to an earlier date, in
which case such representations and warranties shall be true and correct as of such earlier date) and (ii) with respect to representations and warranties that do not contain a materiality qualification, be true and correct in all material
respects (except to the extent such representations and warranties relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date), provided that the
representations and warranties contained in Sections 5.05(a) and (b) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and (b) of the Credit
Agreement, respectively. 
 (e) After giving effect to this Amendment, no event has occurred and is continuing which
constitutes a Default or an Event of Default. 
 (f) The Collateral Documents continue to create a valid security interest
in, and Lien upon, the Collateral, in favor of the Administrative Agent, for the benefit of the Lenders, which security interests and Liens are perfected in accordance with the terms of the Collateral Documents and prior to all Liens other than
Permitted Liens. 
 (g) The Loans and other amounts payable by the Borrowers pursuant to the Credit Agreement are not reduced
or modified by this Amendment and are not subject to any offsets, defenses or counterclaims. 

  
 2 

 3.3 Reaffirmation of Obligations. Each Loan Party hereby ratifies each Loan
Document to which it is a party and acknowledges and reaffirms (a) that it is bound by all terms of each Loan Document applicable to it and (b) that it is responsible for the observance and full performance of its respective Obligations.

 3.4 Loan Document. This Amendment shall constitute a Loan Document under the terms of the Credit Agreement. 

3.5 Expenses. The Company agrees to pay all reasonable costs and expenses of the Administrative Agent in connection with
the preparation, execution and delivery of this Amendment, including without limitation the reasonable and documented fees and expenses of the Administrative Agent’s legal counsel. 

3.6 Further Assurances. The Loan Parties agree to promptly take such action, upon the request of the Administrative Agent,
as is necessary to carry out the intent of this Amendment. 
 3.7 Entirety. This Amendment and the other Loan Documents
embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof. 

3.8 Counterparts; Telecopy. This Amendment may be executed in any number of counterparts, each of which when so executed
and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment or any other document required to be delivered hereunder, by fax
transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. Without limiting the foregoing, upon the
request of any party, such fax transmission or e-mail transmission shall be promptly followed by such manually executed counterpart. 

3.9 No Actions, Claims, Etc. As of the date hereof, each of the Loan Parties hereby acknowledges and confirms that it has no
knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Administrative Agent, the Lenders, or the Administrative Agent’s or the Lenders’ respective
officers, employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under the Credit Agreement on or prior to the date hereof. 

3.10 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK. 
 3.11 Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns. 
 3.12 Consent to Jurisdiction; Service of Process; Waiver of Jury Trial.
The jurisdiction, service of process and waiver of jury trial provisions set forth in Sections 11.14 and 11.15 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis. 

[SIGNATURES ON THE FOLLOWING PAGES] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as
of the date first above written. 
  

							
	COMPANY:	 		 	FABRINET,
		 		 	an exempted company incorporated with limited liability
		 		 	in the Cayman Islands
				
		 		 	By:	 	 /s/ Toh-Seng Ng

		 		 	Name:	 	Toh-Seng Ng
		 		 	Title:	 	C. F. O.
			
	DESIGNATED BORROWERS:	 		 	FABRINET WEST, INC.,
		 		 	a California corporation
				
		 		 	By:	 	 /s/ Toh-Seng Ng

		 		 	Name:	 	Toh-Seng Ng
		 		 	Title:	 	C. F. O.
			
		 		 	FABRITEK, INC.,
		 		 	a California corporation
				
		 		 	By:	 	 /s/ Toh-Seng Ng

		 		 	Name:	 	Toh-Seng Ng
		 		 	Title:	 	Director

  
 SIGNATURE PAGE TO FOURTH
AMENDMENT TO CREDIT AGREEMENT 

							
	GUARANTORS:	 		 	FABRINET CO., LTD.
		 		 	a limited liability company incorporated under the laws
		 		 	of Thailand
				
		 		 	By:	 	 /s/ Toh-Seng Ng

		 		 	Name:	 	Toh-Seng Ng
		 		 	Title:	 	Director
			
		 		 	FABRINET CHINA HOLDINGS
		 		 	a limited liability company incorporated under the laws
		 		 	of Mauritius
				
		 		 	By:	 	 /s/ Toh-Seng Ng

		 		 	Name:	 	Toh-Seng Ng
		 		 	Title:	 	Director
			
		 		 	FABRINET USA, INC.,
		 		 	a California corporation
				
		 		 	By:	 	 /s/ Toh-Seng Ng

		 		 	Name:	 	Toh-Seng Ng
		 		 	Title:	 	C. F. O.
			
		 		 	FBN NEW JERSEY MANUFACTURING, INC.,
		 		 	a Delaware corporation
				
		 		 	By:	 	 /s/ Toh-Seng Ng

		 		 	Name:	 	Toh-Seng Ng
		 		 	Title:	 	C. F. O.

  
 SIGNATURE PAGE TO FOURTH
AMENDMENT TO CREDIT AGREEMENT 

							
		 		 	 BANK OF AMERICA, N.A.,
 as
Administrative Agent

				
		 		 	By:	 	 /s/ Ronaldo Naval

		 		 	Name:	 	Ronaldo Naval
		 		 	Title:	 	Vice President

  
 SIGNATURE PAGE TO FOURTH
AMENDMENT TO CREDIT AGREEMENT 

							
		 		 	 BANK OF AMERICA, N.A.,
 as a
Lender

				
		 		 	By:	 	 /s/ Jeremy Fernandez

		 		 	Name:	 	Jeremy Fernandez
		 		 	Title:	 	Vice President

  
 SIGNATURE PAGE TO FOURTH
AMENDMENT TO CREDIT AGREEMENT 

							
		 		 	 HSBC BANK USA, National Association,

as a Lender

				
		 		 	By:	 	 /s/ Radmila Stolle

		 		 	Name:	 	Radmila Stolle
		 		 	Title:	 	Vice President

  
 RESTRICTED - SIGNATURE
PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT 

							
		 		 	 SUNTRUST BANK,
 as a
Lender

				
		 		 	By:	 	 /s/ Min Park

		 		 	Name:	 	Min Park
		 		 	Title:	 	Vice President

  
 SIGNATURE PAGE TO FOURTH
AMENDMENT TO CREDIT AGREEMENT 

							
		 		 	 SILICON VALLEY BANK,
 as a
Lender

				
		 		 	By:	 	 /s/ Stephen Chang

		 		 	Name:	 	Stephen Chang
		 		 	Title:	 	Vice President

  
 SIGNATURE PAGE TO FOURTH
AMENDMENT TO CREDIT AGREEMENT

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