Document:

EMPLOYMENT AGREEMENT

 Exhibit 10.1 
  
 EMPLOYMENT AGREEMENT 
  
 EMPLOYMENT AGREEMENT made as of this 4th day of May 2004 by and between CAMDEN NATIONAL CORPORATION, a Maine Corporation (the “Company”), and Robert Daigle (the “Executive”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Executive is currently employed by the Company and the
Company wishes to ensure the continued employment of the Executive, and the Executive wishes to accept such continued employment, upon the terms and conditions hereinafter set forth; 
  
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, receipt of which is
hereby acknowledged, the parties hereto agree as follows: 
  
 Article I -
Terms of Employment 
  
 1.1 Employment

  
 The Company agrees to employ the Executive during the
Term specified in paragraph 1.2, and the Executive agrees to accept such employment, upon the terms and conditions hereinafter set forth. 
  
 1.2. Employment Term 
  
 Subject to the provisions contained in paragraph 2.1, the Executive’s employment by the Company shall be for a term commencing on the date above and
expiring on the close of business on May 5, 2006 (the “Initial Employment Term”); provided, however, the term of the Executive’s employment by the Company shall continue for an indefinite period thereafter unless and until
either party shall give to the other party 90 days advance written notice of expiration of the term (a “Notice of Termination”) (the Initial Employment Term and the period, if any, thereafter, during which the Executive’s
employment shall continue are collectively referred to as the “Employment Term”). Any Notice of Termination given under this paragraph 1.2 shall specify the date of expiration (which may not be earlier than the close of business on
May 5, 2006) and may be given at any time on or after February 4, 2006. The effective date of the termination of the Executive’s employment by the Company as an employee, regardless of the reason therefore, is referred to in this Agreement as
the “Date of Termination” and the calendar year in which the Date of Termination occurs, is referred to in this Agreement as the “Termination Year”. 
  

 1.3. Duties and Responsibilities During the Employment Term 
  
 (a) Title. During the Employment Term, the Executive shall have the
position of President and Chief Executive Officer of the Company. The Executive shall report directly to the Chairman of the Board of the Company (referred to herein as the “Designated Officer”), at such times and in such detail, as
he shall reasonably require. 
  
 (b) Employment Duties. The
Executive shall perform such executive and managerial duties and responsibilities customary to his office and as are reasonably necessary to the operations of the Company and as may be assigned to him from time to time by or under authority of the
Board of Directors of the Company (the “Board”) and/or the Designated Officer, consistent with his position as designated in paragraph 1.3(a). 
  

(c) Employment Responsibilities. The Executive (i) will use his best efforts to ensure that the members of the Company comply on a timely basis
with all budgetary and reporting requirements reasonably requested by the Board and/or the Designated Officer), (ii) will, at all times use his best efforts to perform his duties and responsibilities in a manner consistent with the policies and
strategic plans of the Company, and (iii) except as permitted by the scope of authority or authorized by the Designated Officer will not incur obligations on behalf of the Company other than in the ordinary course of business or enter into any
transaction on behalf of the Company not in the ordinary course of business. 
  
 (d) Scope of Employment. The Executive’s employment by the Company shall be full-time and exclusive, and during the Employment Term, the Executive agrees that he will (i) devote all of his business time
and attention, his best efforts, and all his skill and ability to promote the interests of the Company, (ii) carry out his duties in a competent and professional manner and serve the Company faithfully and diligently under the direction of the Board
and the Designated Officer; and (iii) work with other employees of the Company in a competent and professional manner. Notwithstanding the foregoing, the Executive shall be permitted to engage in charitable and civic activities and manage his
personal passive investments, provided that such passive investments are not in a company which transacts business with the Company or engages in business competitive with that conducted by the Company (or, if such company does transact business
with the Company, or does engage in a competitive business, it is a publicly held corporation and the Executive’s participation is limited to owning less than 1/4 of 1% of its outstanding shares), and further provided that such activities
(individually or collectively) do not materially interfere with the performance of his duties or responsibilities under this Agreement (“Permitted Activities”). 
  
 (e) Office Location. During the Employment Term, the Executive’s services hereunder shall be performed at the
principal offices of the Company in Camden, Maine, subject to necessary travel requirements of his position and duties hereunder. 
  
 1.4. Compensation During Employment Term 
  
 (a) Base Salary During Employment Term. As compensation for his services hereunder, during the Employment Term the Company shall pay the Executive
in accordance with its normal payroll practices, an annualized base salary of $310,000 during calendar year 2004; $325,000 during calendar year 2005; $340,000 during calendar year 2006. 
  

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 (b) Bonus Compensation During Employment Term. During the Employment Term, the Executive shall be
eligible for bonus compensation as determined by the Designated Officer. 
  
 1.5. Expenses; Benefits and Perquisites During Employment Term 
  
 (a) Expenses During Employment Term. The Company agrees to pay or to reimburse the Executive for all reasonable, ordinary, necessary and documented
business or entertainment expenses incurred during the Employment Term in the performance of his services hereunder in accordance with the policy of the Company as from time to time in effect. The Executive, as a condition precedent to obtaining
such payment or reimbursement, shall provide to the Company any and all statements, bills or receipts evidencing the travel or out-of-pocket expenses for which the Executive seeks payment or reimbursement, and any other information or materials, as
the Company may from time to time reasonably require. 
  
 (b)
Benefit Plans During Employment Term. During the Employment Term, the Executive and, to the extent eligible, his dependents, shall be eligible to participate in and receive all benefits under any welfare benefit plans and programs provided by
the Company to its senior executives and, without duplication, its employees generally, subject, however, to the generally applicable eligibility and other provisions of the various plans and programs in effect from time to time. 
  
 (c) Retirement Plans and Perquisites During Employment Term. During
the Employment Term, the Executive shall be entitled to participate in all retirement plans and programs provided by the Company to its senior executives and, without duplication, its employees generally, subject, however, to the generally
applicable eligibility and other provisions of the various plans and programs in effect from time to time. In addition, during the Employment Term, the Executive shall be entitled to receive fringe benefits and perquisites in accordance with the
plans, practices, programs and policies of the Company from time to time in effect which are made available to its senior executives and, without duplication, its employees generally. 
  
 (d) Vacation During Employment Term. The Executive shall be entitled to five weeks paid vacation annually with right
of carry over to be taken at such times as shall not, in the reasonable judgment of the Designated Officer, materially interfere with the Executive’s fulfillment of his duties hereunder, and shall be entitled to as many holidays, sick days and
personal days as are in accordance with the Company’s policy then in effect generally for senior executives and, without duplication, its employees generally. 
  
 Article II - Terms Related to Employment 
  
 2.1 Termination 
  
 (a) Termination for Cause. The Company, by direction of the Board or the Designated Officer, shall be entitled to terminate the Employment Term and
to discharge the 

  

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Executive for “Cause” effective upon the giving of written notice. The term “Cause” shall be limited to the following grounds:

  
 (i) the Executive’s intentional failure
or refusal to materially perform his duties and responsibilities as set forth in paragraph 1.3 above or abide by the reasonable directives of the Designated Officer, in each case if such failure or refusal is not cured (if curable) within 30 days
after written notice thereof to the Executive by the Company; 
  
 (ii) willful misappropriation of the funds or property of the Company; 
  
 (iii) use of alcohol or illegal drugs, interfering with the performance of the Executive’s obligations under this Agreement;

  
 (iv) conviction in a court of law of, or
entering a plea of guilty or no contest to, any felony or any crime involving moral turpitude, dishonesty or theft; 
  
 (v) material nonconformance with the Company’s standard business practices and policies, including without limitation, policies
against any form of discrimination or harassment, which nonconformance is not cured (if curable) within 30 days after written notice to the Executive by the Company; 
  
 (vi) commission in bad faith by the Executive of any act which materially injures or could reasonably be
expected to materially injure the reputation, business or business relationships of the Company; 
  
 (vii) gross or habitual misconduct or gross or habitual negligence by the Executive in the performance of his duties; 
  
 (viii) resignation by the Executive on his own initiative
other than (A) pursuant to a termination by the Executive for “Good Reason” (as defined in paragraph 2.1(b) below), or (B) pursuant to a Notice of Termination given by the Executive under paragraph 1.2; and 
  
 (ix) any breach (not covered by any of the clauses (i)
through (viii) above) of any material provision of this Agreement, if such breach is not cured (if curable) within 30 days after written notice thereof to the Executive by the Company. 
  
 Any notice required to be given by the Company pursuant to clause (i), (v) or (ix) above shall specify the nature of the claimed breach and
the manner in which the Company requires such breach to be cured (if curable). In the event that the Executive is purportedly terminated for Cause and the arbitrator appointed pursuant to paragraph 2.14 determines that “Cause” as defined
herein was not present, then such purported termination for Cause shall be deemed a termination “Without Cause” (as defined herein) pursuant to paragraph 2.1(c) below and the Executive’s 

  

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rights and remedies will be governed by paragraph 2.2(c), in full satisfaction and in lieu of any and all other or further remedies the Executive may have.

  
 (b) Termination for Good Reason. Provided that the
Executive is not then otherwise in breach of this Agreement, the Executive shall be entitled to terminate this Agreement and the Employment Term hereunder for “Good Reason” at any time during the Employment Term by written notice to
the Company not more than 30 days after the occurrence of the event constituting such Good Reason. “Good Reason” shall be limited to a breach by the Company of a material provision of this Agreement, which breach remains uncured (if
curable) for a period of 30 days after written notice of such breach from the Executive to the Company (such notice to specify the nature of the claimed breach and the manner in which the Executive requires such breach to be cured) or a change in
control which shall mean the sale, transfer or acquisition, whether by purchase, merger or otherwise, by which any person, firm or corporation directly or indirectly acquires substantially all the assets or a voting majority of the stock of the
Company. In the event that the Executive purportedly terminates his employment for “Good Reason” and the arbitrator appointed pursuant to paragraph 2.14 determines that “Good Reason” as defined herein was not present, then such
purported termination for “Good Reason” shall be deemed a termination for “Cause” pursuant to clause (a) above and the Executive’s rights and remedies will be governed by paragraph 2.2(a), in full satisfaction and in lieu of
any and all other or further remedies the Executive may have. 
  
 (c) Termination Without Cause. The Company, by direction of the Board or the Designated Officer, shall have the right at any time during the Employment Term to terminate the employment of the Executive without Cause (referred to
herein as “Without Cause”) by giving written notice to the Executive setting forth a Date of Termination. 
  
 (d) Termination for Death or Disability. In the event of the Executive’s death, the Date of Termination shall be the date of the
Executive’s death. In the event the Executive shall be unable to perform his duties hereunder by virtue of illness or physical or mental incapacity or disability (from any cause or causes whatsoever) in substantially the manner and to the
extent required hereunder prior to the commencement of such disability (all such causes being herein referred to as “Disability”) and the Executive shall fail to perform such duties for periods aggregating 180 days, whether or not
continuous, in any continuous period of 270 days, the Company shall have the right to terminate the Executive’s employment or engagement hereunder as at the end of any calendar month during the continuance of such disability upon at least 30
days’ prior written notice to him. 
  

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 2.2. Effect of Termination of Employment. 
  
 (a) Termination for Cause During the Employment Term. In the event of
the termination of the employment of the Executive by the Company for Cause, the Executive shall be entitled to the following payments and benefits, subject to any appropriate offsets, as permitted by applicable law, for debts or money due to the
Company or an affiliate thereof (collectively, “Offsets”): 
  
 (i) unpaid salary through, and any unpaid reimbursable expenses outstanding as of, the Date of Termination; and 
  
 (ii) all benefits, if any, that had accrued to the Executive through the Date of Termination under the plans and programs described in
paragraphs 1.5(b) and (c) above, or any other applicable plans and programs in which he participated as an employee of the Company, in the manner and in accordance with the terms of such plans and programs; it being understood that any and all
rights that the Executive may have to severance payments by the Company shall be determined and solely based on the terms and conditions of this Agreement and not based on the Company’s severance policy then in effect; and 
  
 (iii) unless the Executive was terminated by the Company for
Cause, subject to any eligibility requirements of the applicable plan, continued participation by the Executive on the same basis (including without limitation, cost contributions) as the other senior executives of the Company in all, medical and
dental insurance coverage in which the Executive was participating on the Date of Termination in accordance with the terms of the applicable plan as from time to time in effect at the Company. 
  
 In any such event, except as provided in this paragraph 2.2(a), the Company shall have no
further liability to the Executive or the Executive’s heirs, beneficiaries or estate for damages, compensation, benefits, indemnities or other amounts of whatever nature, directly or indirectly, arising out of or otherwise related to the
Executive’s employment or cessation of employment with the Company. 
  
 (b) Termination upon Death or Disability During the Employment Term. In the event of the termination of the employment of the Executive in connection with the Executive’s Death or Disability during the
Employment Term, the Executive (or his estate) shall be entitled to the following payments and benefits, subject to any appropriate offsets, as permitted by applicable law, for debts or money due to the Company or an affiliate thereof (collectively,
“Offsets”): 
  
 (i) his
applicable salary compensation when otherwise payable through the Date of Termination; and 
  
 (ii) any unpaid reimbursable expenses outstanding as of, the Date of Termination; and 
  
 (iii) all benefits, if any, that had accrued to the
Executive through the Date of Termination under the plans and programs described in paragraphs 1.5(b) and (c) above, or any other applicable plans and programs in which he participated as an employee of the Company, in the manner and in accordance
with the terms of such plans and programs; it being understood that any and all rights that the Executive may have to severance payments by the Company shall be determined and solely based on the terms and conditions of this Agreement and not based
on the Company’s severance policy then in effect; and 
  

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 (iv) subject to any eligibility requirements of the applicable plan, continued
participation by the Executive on the same basis (including without limitation, cost contributions) as the other senior executives of the Company in all, medical and dental insurance coverage in which the Executive was participating on the Date of
Termination in accordance with the terms of the applicable plan as from time to time in effect at the Company. 
  
 In either such event, except as provided in this paragraph 2.2(b), the Company shall have no further liability to the Executive or the Executive’s heirs, beneficiaries or estate for damages, compensation,
benefits, severance, indemnities or other amounts of whatever nature, directly or indirectly, arising out of or otherwise related to this Agreement and the Executive’s employment or cessation of employment with the Company. 
  
 (c) Termination by the Company Without Cause, or by expiration of the
Employment Term pursuant to a Notice of Termination, or by the Executive for Good Reason During the Employment Term. In the event of (1) a termination by the Company Without Cause, or (2) by expiration of the Employment Term pursuant to a Notice
of Termination during the Employment Term, or (3) a termination by the Executive for Good Reason, during the Employment Term, the Executive shall be entitled to the following payments and benefits, subject to any Offsets: 
  
 (i) as liquidated damages, payable according to
Company’s regular payroll schedule, less standard withholding and authorized deductions, his applicable salary compensation when otherwise payable for two (2) years from the Date of Termination, payable according to the annualized base salary
specified in paragraph 1.4(a) above or, for any portion of said two-year period extending beyond the Initial Employment Term, payable at the annualized base salary specified for calendar year 2006; and 
  
 (ii) any unpaid reimbursable expenses outstanding as of the
Date of Termination; and 
  
 (iii) all benefits,
if any, that had accrued to the Executive through the Date of Termination under the plans and programs described in paragraphs 1.5(b) and (c) above, or any other applicable benefit plans and programs in which he participated as an employee of the
Company, in the manner and in accordance with the terms of such plans and programs, except that Executive shall have credited to his years of service under the Company’s Senior Executive Retirement Plan (SERP) two (2) years of additional
creditable service measured from the Date of Termination; it being understood that any and all rights that the Executive may have to severance payments by the Company shall be determined and solely based on the terms and conditions of this Agreement
and not based on the Company’s severance policy then in effect; and 
  
 (vi) subject to any eligibility requirements of the applicable plan, continued participation on the same basis (including without limitation, cost 

  

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contributions) as the other senior executives of the Company in medical, dental, disability and life insurance coverage (such benefits collectively called
the “Continued Plans”) in which he was participating on the Date of Termination (as such Continued Plans are from time to time in effect at the Company). However, such continued participation shall not extend beyond the date,
or dates, he is eligible to receive coverage and benefits under the same type of plan of a subsequent employer. 
  
 In connection with (1) a termination by the Company Without Cause, or (2) a termination by the Executive for Good Reason, except as provided in this paragraph 2.2(c), the
Company shall have no further liability to the Executive or the Executive’s heirs, beneficiaries or estate for damages, compensation, benefits, severance, indemnities or other amounts of whatever nature, directly or indirectly, arising out of
or otherwise related to this Agreement and the Executive’s employment or cessation of employment with the Company. The making of any severance payments and providing the other benefits as provided in this paragraph 2.2(c) is conditioned upon
the Executive signing and not revoking a separation agreement prepared by the Company, which shall include, inter alia, a general release of the Company and its affiliates, and its and their respective successors and assigns, officers,
managers, employees, agents, attorneys and representatives, of any claims (including claims of discrimination) relating to the Executive’s employment with the Company or the termination thereof (the “Separation Agreement”). In
the event the Executive breaches any provisions of the Separation Agreement or the provisions of paragraph 2.3 of this Agreement, in addition to any other remedies at law or in equity available to it, the Company may cease making any further
payments and providing the other benefits provided for in this paragraph 2.2(c), without affecting its rights under this Agreement or the Separation Agreement. 
  

2.3 Non-Solicitation/Non-Servicing Agreement and Protection of Confidential Information 
  
 (a) Non-Solicitation/Non-Servicing. The Executive acknowledges (i)
that the business and the industry in which the Company competes is highly competitive; (ii) that as one of the most senior executive of the Company he has participated in and will continue to participate in the servicing of current clients and/or
the solicitation of prospective clients, through which, among other things, the Executive has obtained and will continue to obtain knowledge of the “know-how” and business practices of the Company, in which matters the Company has a
substantial proprietary interest; (iii) that his employment hereunder requires the performance of services which are special, unique, extraordinary and intellectual in character, and his position with the Company places and placed him in a position
of confidence and trust with the clients and employees of the Company; and (iv) that his rendering of services to the clients of the Company necessarily requires the disclosure to the Executive of confidential information (as defined in paragraph
2.3(b) below) of the Company. In the course of the Executive’s employment with the Company, the Executive has and will continue to develop a personal relationship with the clients of the Company and a knowledge of those clients’ affairs
and requirements, and the relationship of the Company with their established clientele will therefore be placed in the Executive’s hands in confidence and trust. The Executive 

  

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consequently agrees that it is a legitimate interest of the Company, and reasonable and necessary for the protection of the confidential information,
goodwill and business of the Company, which is valuable to the Company, that the Executive make the covenants contained herein and that the Company would not have entered into this Agreement unless the covenants set forth in this paragraph 2.3 were
contained in this Agreement. Accordingly, the Executive agrees that during the Employment Term and for the two year period thereafter (such period being referred to as the “Restricted Period”), he shall not, as an individual,
employee, consultant, independent contractor, partner, shareholder, or in association with any other person, business or enterprise, except on behalf the Company, directly or indirectly, and regardless of the reason for his ceasing to be employed by
the Company: 
  
 (i) attempt in any manner to
solicit or accept from any client business of the type performed by the Company or to persuade any client of the Company to cease to do business or to reduce the amount of business which any such client has customarily done or is reasonably expected
to do with the Company, whether or not the relationship between the Company and such client was originally established in whole or in part through the Executive’s efforts; or 
  
 (ii) employ as an employee or retain as a consultant any person, firm or entity who is then or at any time
during the preceding twelve months was an employee of or exclusive consultant to the Company, or persuade or attempt to persuade any employee of or exclusive consultant to the Company to leave the employ of the Company or to become employed as an
employee or retained as a consultant by anyone other than the Company; or 
  
 (iii) render to or for any client of the Company any services of the type which are rendered by the Company; or 
  
 (iv) start or materially participate in the operation of any bank, credit union or financial institution having any branch or other
operation in any Maine county in which Company or any entity, division or operating unit maintain or have maintained a branch or other operation. 
  
 As used in this paragraph 2.3, the term “client” shall mean (1) anyone who is a client of the Company on the Date of Termination, or if the
Executive’s employment shall not have terminated, at the time of the alleged prohibited conduct (any such applicable date being called the “Determination Date”); (2) anyone who was a client of the Company at any time during the
one year period immediately preceding the Determination Date; (3) any prospective client to whom the Company had made a new business presentation (or similar offering of services) at any time during the one year period immediately preceding the Date
of Termination; and (4) any prospective client to whom the Company made a new business presentation (or similar offering of services) at any time within six months after the Date of Termination (but only if initial discussions between the Company
and such prospective client relating to the rendering of services occurred prior to the Date of Termination, and only if the Executive participated in or supervised such discussions). For purposes of this clause, it is agreed that a general mailing
or an incidental contact shall not be deemed a “new business presentation or similar offering of 

  

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services” or a “discussion”. In addition, “client” shall also include any clients of any entity, division or operating unit of the
Company to whom the Executive rendered services (including supervisory services) at any time during the one-year period prior to the Determination Date. In addition, if the client is part of a group of companies which conducts business through more
than one entity, division or operating unit, whether or not separately incorporated (a “Client Group”), the term “client” as used herein shall also include each entity, division and operating unit of the Client Group where
the same management group of the Client Group has the decision making authority or significant influence with respect to contracting for services of the type rendered by the Company. 
  
 (b) Confidential Information. In the course of the Executive’s employment with the Company he will acquire and
have access to confidential or proprietary information about the Company and/or its clients, including but not limited to, trade secrets, methods, models, passwords, access to computer files, financial information and records, computer software
programs, agreements and/or contracts between the Company and its clients, client contacts, budgets, practices, concepts, strategies, methods of operation, financial or business projections of the Company, and information about or received from
clients and other companies with which the Company does business. The foregoing shall be collectively referred to as “confidential information”. The Executive is aware that the confidential information is not readily available to
the public and accordingly, the Executive also agrees that he will not at any time (whether during the Employment Term or after termination of this Agreement), disclose to anyone (other than his counsel in the course of a dispute arising from the
alleged disclosure of confidential information or as required by law) any confidential information, or utilize such confidential information for his own benefit, or for the benefit of third parties. The Executive agrees that the foregoing
restrictions shall apply whether or not any such information is marked “confidential” and regardless of the form of the information. The term “confidential information” does not include information which (i) is or becomes
generally available to the public other than by breach of this provision or (ii) the Executive learns from a third party who is not under an obligation of confidence to the Company or a client of the Company. In the event that the Executive becomes
legally required to disclose any confidential information, he will provide the Company with prompt notice thereof so that the Company may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this
paragraph 2.3(b) to permit a particular disclosure. In the event that such protective order or other remedy is not obtained, or that the Company waives compliance with the provisions of this paragraph 2.3(b) to permit a particular disclosure, the
Executive will furnish only that portion of the confidential information which he is legally required to disclose and, at the Company’s expense, will cooperate with the efforts of the Company to obtain a protective order or other reliable
assurance that confidential treatment will be accorded the confidential information. The Executive further agrees that all memoranda, disks, files, notes, records or other documents, whether in electronic form or hard copy (collectively, the
“material”) compiled by him or made available to him during his employment with the Company (whether or not the material constitutes or contains confidential information), and in connection with the performance of his duties
hereunder, shall be the property of the Company and shall be delivered to the Company on the termination of the Executive’s employment or engagement with the Company or at any other time upon request. Except in connection with the
Executive’s employment or engagement with the Company, the Executive agrees that he will not make or retain copies or excerpts of the material. 
  

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 (c) Remedies. If the Executive commits a breach or is about to commit a breach, of any of the
provisions of paragraphs 2.3(a) or (b), the Company shall have the right to have the provisions of this Agreement specifically enforced by the arbitrator appointed under paragraph 2.14 or by any court having equity jurisdiction without being
required to post bond or other security and without having to prove the inadequacy of the available remedies at law, it being acknowledged and agreed that any such breach or threatened breach will cause irreparable injury to the Company and that
money damages will not provide an adequate remedy to the Company. In addition, the Company may take all such other actions and remedies available to it under law or in equity and shall be entitled to such damages as it can show it has sustained by
reason of such breach. 
  
 (d) Acknowledgements. The
parties acknowledge that (i) the type and periods of restriction imposed in the provisions of paragraphs 2.3(a) and (b) are fair and reasonable and are reasonably required in order to protect and maintain the proprietary interests of the Company
described above, other legitimate business interests and the goodwill associated with the business of the Company; (ii) the time, scope, geographic area and other provisions of this paragraph 2.3 have been specifically negotiated by sophisticated
commercial parties, represented by legal counsel, and (iii) because of the nature of the business engaged in by the Company and the fact that clients can be and are serviced by the Company wherever they are located, it is impractical and
unreasonable to place a geographic limitation on the agreements made by the Executive herein. The Executive specifically acknowledges that his being restricted from soliciting and servicing clients and prospective clients as contemplated by this
Agreement will not prevent him from being employed or earning a livelihood in the type of business conducted by the Company. If any of the covenants contained in paragraphs 2.3(a) or (b), or any part thereof, is held to be unenforceable by reason of
it extending for too great a period of time or over too great a geographic area or by reason of it being too extensive in any other respect, the parties agree (x) such covenant shall be interpreted to extend only over the maximum period of time for
which it may be enforceable and/or over the maximum geographic areas as to which it may be enforceable and/or over the maximum extent in all other respects as to which it may be enforceable, all as determined by the court or arbitration panel making
such determination and (y) in its reduced form, such covenant shall then be enforceable, but such reduced form of covenant shall only apply with respect to the operation of such covenant in the particular jurisdiction in or for which such
adjudication is made. Each of the covenants and agreements contained in this paragraph 2.3 (collectively, the “Protective Covenants”) is separate, distinct and severable. All rights, remedies and benefits expressly provided for in
this Agreement are cumulative and are not exclusive of any rights, remedies or benefits provided for by law or in this Agreement, and the exercise of any remedy by a party hereto shall not be deemed an election to the exclusion of any other remedy
(any such claim by the other party being hereby waived). The existence of any claim, demand, action or cause of action of the Executive against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of each Protective Covenant. The unenforceability of any Protective Covenant shall not affect the validity or enforceability of any other Protective Covenant or any other provision or provisions of this Agreement. The
temporal duration of the non-solicitation/non-servicing covenants set forth in this paragraph 2.3 shall not expire, and shall be tolled, during any period in which Executive is in violation of any of the non-solicitation/non-servicing 

  

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covenants set forth in this paragraph 2.3; and all restrictions shall automatically be extended by the period of Executive’s violation of any such
restrictions. 
  
 (e) Notification of Restrictive
Covenants. Prior to accepting employment with any person, firm or entity during the Restricted Period, the Executive shall notify the prospective employer in writing of his obligations pursuant to this paragraph 2.3 and shall simultaneously
provide a copy of such notification to the Company. The Executive further authorizes the Company to notify any prospective employer of the Executive’s obligations pursuant to this paragraph 2.3 and releases the Company from any liability for
doing so. 
  
 (f) Tolling. The temporal duration of the
non-solicitation/non-servicing covenants set forth in this Agreement shall not expire, and shall be tolled, during any period in which the Executive is in violation of any of the non-solicitation/non-servicing covenants set forth herein, and all
restrictions shall automatically be extended by the period of the Executive’s violation of any such restrictions 
  
 2.4 Intellectual Property 
  
 During the Term, the Executive will disclose to the Company all ideas, inventions and business plans developed by him during such period which relate
directly or indirectly to the business of the Company, including without limitation, any process, operation, product or improvement which may be patentable or copyrightable. The Executive agrees that all patents, licenses, copyrights, tradenames,
trademarks, service marks, budgets, practices, concepts, strategies, methods of operation, financial or business projections, and business plans developed or created by the Executive in the course of his employment hereunder, either individually or
in collaboration with others, will be deemed works for hire and the sole and absolute property of the Company. The Executive agrees, that at the Company’s request and expense, he will take all steps necessary to secure the rights thereto to the
Company by patent, copyright or otherwise. 
  
 2.5
Enforceability 
  
 The Executive acknowledges
that certain of the provisions contained in this Agreement, including but not limited to those contained in paragraph 2.3 above, are intended to protect any entity, division or operating unit of the Company, and accordingly, each such entity,
division or operating unit of the Company shall be deemed a third party beneficiary with respect to such provisions and shall have the right to enforce such provisions as appropriate. The failure of any party at any time to require performance by
another party of any provision hereunder shall in no way affect the right of that party thereafter to enforce the same, nor shall it affect any other party’s right to enforce the same, or to enforce any of the other provisions in this
Agreement; nor shall the waiver by any party of the breach of any provision hereof be taken or held to be a waiver of any subsequent breach of such provision or as a waiver of the provision itself. 
  
 2.6 Assignment 
  
 The Company and the Executive agree that the Company shall have the right to
assign this Agreement, and, accordingly, this Agreement shall inure to the benefit of, and may be 

  

 12 

 
enforced by, any and all successors and assigns of the Company, including, without limitation, by asset assignment, stock sale, merger, consolidation or
other corporate reorganization. The Company and Executive agree that Executive’s rights and obligations under this Agreement are personal to the Executive, and the Executive shall not have the right to assign or otherwise transfer his rights or
obligations under this Agreement, and any purported assignment or transfer shall be void and ineffective. The rights and obligations of the Company hereunder shall be binding upon and run in favor of the successors and assigns of the Company.

  
 2.7 Modification 
  
 This Agreement may not be orally canceled, changed, modified or amended, and
no cancellation, change, modification or amendment shall be effective or binding, unless in writing and signed by the parties to this Agreement. 
  
 2.8 Severability; Survival 
  
 In the event any provision or portion of this Agreement is determined to be invalid or unenforceable for any reason, in whole or in part, the remaining
provisions of this Agreement shall nevertheless be binding upon the parties with the same effect as though the invalid or unenforceable part had been severed and deleted or reformed to be enforceable. The respective rights and obligations of the
parties hereunder shall survive the termination of the Executive’s employment to the extent necessary to the intended preservation of such rights and obligations. 
  
 2.9 Life Insurance 
  

The Executive agrees that the Company shall have the right to obtain life insurance on the Executive’s life, at the sole expense of the Company,
as the case may be, and with the Company as the sole beneficiary thereof. The Executive shall (a) cooperate fully in obtaining such life insurance, (b) sign any necessary consents, applications and other related forms or documents and (c) at the
Company’s expense, take any reasonably required medical examinations. 
  
 2.10 Notice 
  
 Any
notice, request, instruction or other document to be given hereunder by any party hereto to another party shall be in writing and shall be deemed effective (a) upon personal delivery, if delivered by hand, or (b) three days after the date of deposit
in the mails, postage prepaid if mailed by certified or registered mail, or (c) on the next business day, if sent by prepaid overnight courier service or facsimile transmission (if electronically confirmed), and in each case, addressed as follows:

  
 If to the Executive: 
  
 Robert W. Daigle 
 P.O. Box 1391 
 Camden, ME 04843 

 

 13 

 If to the Company: 
  
 Camden National Corporation 
 Attention: Chairman of the Board 
 P. O. Box 310 
 Camden, ME 04843 
  
 Any party may change the address to which notices are to be sent by giving notice of such change of address to the other party in the manner herein provided for giving
notice. 
  
 2.11 Applicable Law 
  
 This Agreement shall be governed by, enforced under, and construed in
accordance with the laws of the State of Maine without regard to any conflicts or conflict of laws principles in the State of Maine that would result in the application of the law of any other jurisdiction. 
  
 2.12 No Conflict 
  
 The Executive represents and warrants that he is not subject to any
agreement, instrument, order, judgment or decree of any kind, or any other restrictive agreement of any character, which would prevent him from entering into this Agreement or which would be breached by the Executive upon his performance of his
duties pursuant to this Agreement. 
  
 2.13 Entire
Agreement 
  
 This Agreement hereto represents the entire
agreement between the Company and the Executive with respect to the employment of the Executive by the Company, and all prior agreements, plans and arrangements relating to the employment of the Executive by the Company are nullified and superseded
hereby. 
  
 2.14 Arbitration 
  
 (a) The parties hereto agree that any dispute, controversy or claim arising
out of, relating to, or in connection with this Agreement (including, without limitation, any claim regarding or related to the interpretation, scope, effect, enforcement, termination, extension, breach, legality, remedies and other aspects of this
Agreement or the conduct and communications of the parties regarding this Agreement and the subject matter of this Agreement) shall be settled by arbitration in Camden or Portland, Maine, in accordance with the then governing form of the American
Arbitration Association, National Rules for the Resolution of Employment Disputes. All awards of the arbitrator shall be binding and non-appealable. Judgment upon the award of the arbitrator may be entered in any court having jurisdiction.
The arbitrator shall apply Maine law to the merits of any dispute or claims, without reference to the rules of conflicts of law applicable therein. Suits to compel or enjoin arbitration or to determine the applicability or legality of arbitration
shall be brought in the United States District Court for the District of Maine or if that court lacks jurisdiction, in a state court located within the 

  

 14 

 
geographic boundaries thereof. Notwithstanding the foregoing, no party to this Agreement shall be precluded from applying to a proper court for injunctive
relief by reason of the prior or subsequent commencement of an arbitration proceeding as herein provided. No party or arbitrator shall disclose in whole or in part to any other person, firm or entity any confidential information submitted in
connection with the arbitration proceedings, except to the extent reasonably necessary to assist counsel in the arbitration or preparation for arbitration of the dispute. Confidential Information may be disclosed to (i) attorneys, (ii) parties, and
(iii) outside experts requested by either party’s counsel to furnish technical or expert services or to give testimony at the arbitration proceedings, subject, in the case of such experts, to execution of a legally binding written statement
that such expert is fully familiar with the terms of this provision, agree to comply with the confidentiality terms of this provision, and will not use any confidential information disclosed to such expert for personal or business advantage.

  
 (b) The Executive has read and understands this paragraph
2.14. The Executive understands that by signing this Agreement, the Executive agrees to submit any claims arising out of, relating to, or in connection with this Agreement, or the interpretation, validity, construction, performance, breach or
termination thereof, or his employment or the termination thereof, to binding arbitration, and that this arbitration provision constitutes a waiver of the Executive’s right to a jury trial and relates to the resolution of all disputes relating
to all aspects of the employer/employee relationship, including but not limited to the following: 
  
 (i) Any and all claims for wrongful discharge of employment, breach of contract, both express and implied; breach of the covenant of
good faith and fair dealing, both express and implied; negligent or intentional infliction of emotional distress; negligent or intentional misrepresentation; negligent or intentional interference with contract or prospective economic advantage; and
defamation; 
  
 (ii) Any and all claims
for violation of any federal, state or municipal statute, including, without limitation, Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, the Equal Pay Act, the Employee Retirement Income Security Act, as amended,
the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act of 1990, the Family and Medical Leave Act of 1993, the Fair Labor Standards Act, and the Maine Human Rights Act; and 
  
 (iii) Any and all claims arising out of any other
federal, state or local laws or regulations relating to employment or employment discrimination. 
  
 2.15 Headings 
  
 The headings contained in this Agreement are for reference purposes only, and shall not affect the meaning or interpretation of this Agreement.

  

 15 

 2.16 Withholdings 
  
 The Company may withhold from any amounts payable under this Agreement such federal, state or local taxes as shall be
required to be withheld pursuant to any applicable law or regulation. 
  
 2.17 Counterparts 
  
 This Agreement may
be executed in two counterparts, both of which taken together shall constitute one instrument. 
  
 2.18 No Strict Construction 
  
 The language used in this Agreement will be deemed to be the language chosen by the Company and the Executive to express their mutual intent, and no rule of law or contract interpretation that provides that in the
case of ambiguity or uncertainty a provision should be construed against the draftsman will be applied against any party hereto. 
  
 IN WITNESS WHEREOF, the parties have executed this Employment Agreement as of the day and year first above written. 
  

									
	 	 	 	 	CAMDEN NATIONAL CORPORATION
					
	 	 	 	 	 	 	By:	 	 
	 Witness
	 	 	 	 	 	 	 	Rendle A. Jones
	 	 	 	 	 	 	 	 	Chairman of the Board

  

									
					
	 	 	 	 	 	 	 	 	 
	 Witness
	 	 	 	 	 	 	 	Robert W. Daigle

  

 16LEASE AGREEMENT

 EXHIBIT 10.2 
  
 FIRST RESTATED AND AMENDED 
  
 LEASE AGREEMENT 
  
 THIS LEASE is made as of the 1st day of March, 2004, by and between HANNAFORD BROS., CO. a Maine Corporation having its principal offices in Portland, County of Cumberland and State of Maine,
successor in interest to The Sampson Supermarkets, Inc. (hereinafter referred to as “Landlord”) and UNITEDKINGFIELD BANK, successor in interest to Kingfield Savings Bank, a Maine financial institution having its principal offices in
Bangor, County of Penobscot and State of Maine (hereinafter referred to as “Tenant”). 
  
 Recitals 
  
 Landlord and Tenant were parties to a certain Lease Agreement dated February 4, 1993 (the “Original Lease), concerning the premises located within the shopping center known as Shop ‘n Save Plaza, situated on the northwesterly side
of U.S. Routes 2 and 4 in the Town of Farmington, County of Franklin and State of Maine (further described herein). 
  
 Pursuant to Section Three of the Original Lease, the initial term was ten years, with, at Tenant’s option, two additional five year renewal periods.
Prior to expiration of the initial term of the Original Lease, Landlord and Tenant began negotiations concerning Tenant’s potential purchase of the Premises, which negotiations did not come to fruition. Tenant then exercised its right under the
Original Lease for a five-year extension. Landlord and Tenant negotiated the terms of that extension and therefore desire to amend the Original Lease to reflect the terms agreed upon by both parties.  
  
 Terms 
  
 In consideration of the rents and covenants to be paid and performed by
Tenant, Landlord does hereby lease to Tenant, and Tenant does hereby hire from Landlord, upon the terms and conditions hereinafter set forth: 
  
 SECTION 1. Definitions. In addition to other terms which are elsewhere defined in this Lease, the following terms, as used in this Lease and all agreements
supplemental to this Lease, shall have the meanings hereinafter set forth: 
  
 (a) “Additional Rent” means the charges and expenses specifically designated as Additional Rent in this Lease, and any other sums, charges and expenses payable by Tenant under this Lease. 
  
 (b) “Commencement Date” means the date of this Lease as set forth
above. 
  
 (c) “Common Areas” means all portions of the
Shopping Center which have, at the time in question, been designated and improved for common use by, or for the benefit of, more than one tenant or occupant of the Shopping Center, but excluding all portions of the Shopping Center which are
designated to be used by a single tenant or occupant. Any portion of the Shopping 

  

 
Center so included within the Common Areas shall be excluded therefrom when designated by Landlord for a non-common use, and any portion thereof not
theretofore included within the Common Areas. shall be included when so designated and improved for common use. 
  
 (d) “Gross Leasable Area” means, with regard to the Premises occupied by Tenant, 2540 square feet of floor space and, with regard to the
premises occupied by any tenant of the Shopping Center other than Tenant, the actual number of square feet of floor space on all floors (including the selling areas of any basements, mezzanines and platforms) demised to any such tenant measured to.
the, exterior faces of exterior walls and to the center lines of interior dividing walls. 
  
 (e) “Landlord” means only the owner of the Landlord’s interest in this Lease for the time being so that in the event of any transfer or assignment of Landlord’s interest in this Lease, Landlord
shall be and hereby is entirely released and discharged from any and all further liability and obligations of Landlord hereunder. Notwithstanding anything to the contrary provided in this Lease, if Landlord or any successor in interest of Landlord
shall be a mortgagee, or individual, joint venture, tenancy in common, corporation, firm or partnership (general or limited), it is specifically understood and agreed that there shall be absolutely no personal liability on the part of such
mortgagee, corporation or such individual or on the part of the members of such firm, partnership or joint venture, or any stockholder, officer,. director or trustee of such corporation with respect to any of the terms, covenants and conditions of
this Lease, and that Tenant shall look solely to the equity of Landlord or such successor in interest in the Premises for the satisfaction of each and every remedy of Tenant in the event of any breach by Landlord or by such successor in interest of
any of the terms, covenants and conditions of this Lease to be performed by Landlord, such exculpation of personal liability to be absolute and without any exception whatsoever. . . 
  
 (f) “Lease Year” means each successive twelve months’ period during the Term, with the first such twelve
months’ period to begin on the Commencement Date, except that in the event of the expiration or termination of this Lease on a day other than the last day of a Lease Year, the last Lease Year of the Term shall be the period from the end of the
preceding Lease Year to such date of expiration or termination. 
  
 (g) “Parking Areas” means those portions of the Common Areas which have, at the time in question, been designated by Landlord for use for the parking of motor vehicles. 
  
 (h) “Rent” means, collectively, the Minimum Rent and Additional Rent required to be paid under the terms and
conditions of this Lease. 
  
 (i) “Shopping Center”
means (1) the parcels of land and the improvements thereon as generally represented on Exhibit A, plus (2) any other parcel or parcels of land at any time designated by Landlord to be part of the Shopping Center (only as long as any such designation
remains unrevoked) which are, or are to be, used for Shopping Center or related purposes, together with all present or future buildings and improvements thereon, plus (3). any plant or other facility, serving any portion of the Shopping Center,
whether or not such plant or facility shall be located within the Shopping Center, including the facilities connecting any such plant or facility to the Shopping Center; Landlord reserving the right at any time, and from time to time, to enlarge the
Shopping Center, to construct other buildings and improvements within the Shopping Center, to make alterations or additions to any building, and to construct additional stores adjoining any building or buildings within the Shopping Center. Exhibit A
hereto sets 

  

 2 

 
forth the general layout of the Shopping Center as it is currently existing or proposed, and certain existing or proposed stores,. but shall not be. deemed a
warranty, representation or agreement by Landlord that the configuration of the Shopping Center or the identity of any tenant will be exactly as indicated, on Exhibit A or that any other merchant shall open or remain open for business or occupy or
continue to occupy any premises in or adjoining the Shopping Center during the Term of this Lease or any part thereof. Any portion of the Shopping Center which is condemned or dedicated to public use or ceded or conveyed to any governmental
authority for street or related purposes shall thereafter be excluded from the Shopping Center. . 
  
 (j) “Tenant” and the pronouns referring thereto means the persons, firm or corporation named herein as Tenant and their respective heirs,’
legal representatives, successors and permitted assigns. If Tenant shall be more than one (1) person or entity, or shall be or include a partnership, the obligations and liabilities of Tenant, under ‘this Lease shall be the joint and several
obligations of all such persons and/or entities and/or the general partners of such partnership. 
  
 (k) “Tenant’s Fraction” means a fraction, the numerator of which is the Gross Leasable Area of the Premises, and the denominator of which
is. the total Gross Leasable Area within the Shopping Center. 
  
 (l) “Term” means the Term of this Lease as set forth in Section 3(c) of this Lease. 
  
 SECTION 2. Premises. Landlord hereby Leases and lets to Tenant, and Tenant hereby takes and hires from Landlord, for the Term and upon and subject to the terms and conditions set forth in this Lease, and
subject to all liens, encumbrances, easements, agreements, covenants, restrictions, zoning laws and governmental or any other regulations now or hereafter affecting or governing the Shopping Center, the following described premises (the
“Premises”): 
  
 All of that certain tract, piece or
parcel of land together with any and all improvements thereto (except as provided herein below), including, without limitation a certain building (the “Building”) containing approximately 2,540 square feet of area on the first and second
floors, all as shown in heavy outline on the site plan annexed hereto as Exhibit A. 
  
 together with the appurtenant right, as provided in Section 6(c) (1) of this Lease, to use in common with Landlord and others to whom Landlord shall grant such rights, the Parking Areas and other Common Areas within the Shopping Center. The
Premises are leased to Tenant subject to (1) the right of Landlord, its customers, tenants, employees, licensees and invitees to use, in common with Tenant, the roadways, walkways and drives located on the Premises, and (2) the right of Landlord,
its agents, employees and contractors, to install, maintain, repair and replace from time to time above ground and underground sewer, drainage and other utility pipes, lines and conduits across the Premises to serve other portions of the Shopping
Center (any such utilities serving other portions of the Shopping Center, including any existing on the Commencement Date, being deemed “Common Facilities” and not part of the Premises demised to Tenant), and to enter upon the Premises for
such purposes, provided that (i) Landlord shall make reasonable efforts to expedite any such installation, maintenance, repair or replacement requiring entry upon the Premises, (ii) any new installation shall not unreasonably interfere with
Tenant’s use of the Premises, and (iii) following each such entry, Landlord shall restore the surface of the Premises to the condition prevailing immediately prior to such entry. The Building is leased to Tenant “as is” without
warranty or representation, either express or implied, as to its condition or repair, and all responsibility to place the Building in a tenantable condition suitable 

  

 3 

 
for Tenant’s business purposes shall be Tenant’s, as provided in Section 9 hereof and elsewhere in this Lease. 
  
 SECTION 3. Term. 
  
 (a) The term shall commence as of March 1, 2003, and, unless sooner terminated or extended as expressly provided in this
Lease, shall end on February 29, 2008. 
  
 (b) Provided that this
Lease is in full force and effect and Tenant is not in default of any provision of this Lease, Tenant shall have the right, at the expiration of the original term, to extend the original term for one (1) additional period of five (5) years, such
extension period to be exercised in the manner herein provided, and to be upon all of the other terms, covenants, and conditions of this Lease except for the Minimum Rent, which shall be determined in accordance with the provisions of Section-5(b)
below, and except that Tenant shall have no further extension rights at the end of the five (5) year extension period. Such right to extend shall be exercised by written notice to Landlord given at least twelve (12) months prior to the expiration
date of the original term, or said term as previously extended, time being of the essence hereto, and upon the giving of such notice and without any further instrument, lease, or agreement, this Lease shall be so extended.  

 
 (c) As used in this Lease, the word “Term” shall mean the
original term and, if the Lease shall have been extended in accordance with Section 3(c), the original term together with the extension term or terms, as the case may be. The “Expiration Date” shall mean the date of expiration of the Term.

  
 SECTION 4. Holding Over. In the event that Tenant shall continue in
occupancy of the Premises after the expiration of the Term hereof, such occupancy shall not be deemed to extend or renew the terms of this Lease, but such occupancy shall continue, at the option of Landlord, as a tenancy at will from month to month
upon the covenants, provisions and conditions herein contained and twice the rental in effect during the last Lease Year of the Term, prorated and payable for the .period of such occupancy. This Section 4 shall not be construed as giving Tenant any
right to hold over after the expiration of the Term hereof. 
  
 SECTION 5.
Rent. (a) Tenant shall pay all Rent (Minimum Rent and Additional Rent) to Landlord in lawful money of the United States, without offset or deduction and without previous demand therefore, at the address set forth in Section 25 in regard to
notices or at such other place as Landlord may by notice in writing to Tenant from time to time direct. 
  
 (b) Tenant shall pay the Minimum Rent, as hereinafter defined, in advance, on the first day of each month of the Lease Year. 
  
 (1) During the original term, the Minimum Rent per month for the Premises
(including land and buildings and improvements) shall be $291.67 for the months of March and April of 2003 and thereafter shall be $2083.33 per month. The first rental payment shall be due July 1, 2004, in addition to the payment required under
Section 5(d) of this Agreement. 
  
 (2) During the five (5) year
extension period (if such period shall have been elected by Tenant), the Minimum Rent shall be $2,500.00 per month for such period, to be paid monthly and in the same manner as during the original term. 
  

 4 

 (c) In addition to the Minimum Rent, and as part of the total Rent to be paid by Tenant to Landlord,
Tenant shall pay to Landlord, for each calendar year, or portion thereof during the Term, as Additional Rent, (i) Tenant’s proportionate share of Common Area Costs as set forth in Section 6, and (ii) Tenant’s proportionate share of Real
Estate Taxes as set forth in Section 8. 
  
 Payment on account of
the Additional Rent for each calendar year shall be made in monthly installments, as part of Tenant’s total Rent, at the times and in the manner herein provided for the payment of the Minimum Rent. Initially, the amount so to be paid each month
shall be Two Hundred Seventy-Four Dollars and Seventy-Eight Cents ($274.78). Promptly after the end of the first calendar year during the Term and promptly after the end of each calendar year thereafter, Landlord shall make a determination of the
Additional Rent for the immediately preceding calendar year and shall furnish to Tenant a statement in reasonable detail showing the computation of such Additional Rent; and if the aforesaid monthly installments paid by Tenant during such calendar
year shall exceed the Additional Rent owed by Tenant for such calendar year, the overpayment shall be credited against the payments thereafter, to be made by Tenant pursuant to this paragraph (c); and if the Additional Rent owed by Tenant for such
calendar year is greater than the installments theretofore paid on account of such calendar year, Tenant shall immediately pay the difference to Landlord. The Initial Monthly Assessment shall be replaced after the first calendar year,’ and
after each subsequent calendar year, following Landlord’s determination of the Additional Rent, by a new monthly assessment which is based on the Additional Rent for the immediately preceding calendar year. Landlord shall have the right, at its
election and upon notice to Tenant, to (i) compute and charge the Additional Rent on a Lease Year basis rather than a calendar year basis and/or (ii) to compute and adjust the Additional Rent that is due hereunder more frequently than once each
year. 
  
 (d) In addition to Rent payment due on July 1, 2004,
Tenant shall pay to Landlord Twenty-Five Thousand Eighty-Three and 24/100 Dollars ($25,083.24) with the first Rent installment due July 1, 2004, which constitutes all amounts currently due and owing from Tenant to Landlord pursuant to Sections 4, 5
or 6 of this Lease, including, but not limited to, any Additional Rent due thereunder and the difference between the rent paid by Tenant to Landlord for the period since March 1, 2003, and Rent payable under this Lease. 
  
 (e) It is the intention of the parties that the Rent payable hereunder shall
be net to Landlord so that this Lease shall yield to Landlord the net Rent specified herein during the Term, and that all costs, expenses and obligations of every kind and nature whatsoever relating to the Premises shall be paid by Tenant. Tenant
shall not be entitled to any abatement, reduction, setoff, counterclaim, defense or deduction with respect to any Rent or other sum payable hereunder. Notwithstanding the foregoing, Landlord agrees that when Tenant makes the payment required by
Section 5(d) above, Tenant shall have satisfied its obligations under this Section 5(e) with regard to any payments arising under the Original Lease and arising between termination of the Original Lease and the Commencement Date of this Lease.

  
 SECTION 6. Parking and Common Areas. (a) Tenant covenants and agrees to
pay to Landlord, as Additional Rent, Tenant’s proportionate share of the Common Area Costs (as defined in paragraph (b) hereinbelow) for each calendar year during the Term. As used herein, “Tenant’s proportionate share” of the
Common Area Costs shall mean the amount obtained by multiplying said Costs by the Tenant’s Fraction. Payment on account of Tenant’s proportionate share of the Common Area Costs shall be made monthly, as part of Tenant’s total Rent, at
the times and in the manner provided in Section 5 of this Lease. Landlord shall keep good and accurate records of 

  

 5 

 
the Common Area Costs in accordance with sound accounting practices arid shall allow Tenant (after reasonable notice to Landlord) to inspect said records at
the principal business office of Landlord in order to verify. Landlord’s, annual statements of said costs. Landlord shall keep said records for a period of at least two (2) years after the end of the year to which they relate. 
  
 (b) For the purposes hereof, the term “Common Area Costs” with
respect to any year shall mean the total costs and expenses incurred by Landlord or its agents during such year for operating, maintaining, repairing and/or replacing all or any part of the Parking Areas and other Common Areas (and any installations
thereon, thereunder or thereover), and any Common Facilities (as hereinafter defined, including any Common Facilities located upon or under the Premises), which costs and expenses shall include, but shall not be limited to, the following: the total
costs and expenses incurred in cleaning, mowing, trimming, replanting and maintaining the lawns and landscaping within the Shopping Center; the costs of all Landlord’s insurance (other than Landlord’s fire and casualty insurance),
including, but not limited to, bodily injury, public liability, property damage liability, automobile parking lot liability, workmen’s compensation, and any other insurance carried by Landlord with respect to the Common Areas or any part
thereof; all costs for repairs, repaving, line repainting, exterior repainting, rental and maintenance of signs’ and equipment, lighting, sanitary control, removal of snow and ice, trash, rubbish, garbage and other refuse, repair and/or
replacement of water lines, electrical lines, gas lines, sanitary sewer lines and storm water lines; all costs for repairs, replacements, alterations or improvements to the Parking Areas and other Common Areas and Common Facilities required by
governmental statutes, ordinances, regulations or other requirements, including without limitation those relating to accessibility and usability; all electrical, water, sewer or other utility charges for serving the Common Areas (including any
off-site sanitary treatment plants serving the Shopping Center and all pipes leading to and from the same); the cost of personnel to implement such services; wages and salaries (including employee benefits) of any personnel; personal property taxes,
sales and use taxes on material, equipment, supplies and services; fees for required licenses and permits; fire, security and police protection; supplies, materials and labor. In addition there shall be include a charge equal to fifteen percent
(15%) of all such costs and expenses incurred by Landlord to cover Landlord’s administrative overhead. 
  
 (c) (1) Tenant, for itself, its customers and invitees, shall have the non—exclusive right during the Term of this Lease to use in common with
Landlord, and others to whom Landlord shall grant similar rights, for purposes of ingress, egress and parking, the Parking Areas and other Common Areas, subject to such rules and regulations as may now be in force or as Landlord may establish from
time to time with respect to the Parking Areas and other Common Areas. 
  
 (2) Tenant shall have no right to construct or install any roadway, driveway, curb cut or other means of ingress and egress connecting the Premises directly with U.S. Routes 2 and 4. 
  
 (3) Except for any existing connections of utility lines or equipment as of
the Commencement Date, Tenant shall not have the right to connect with or tie into the electrical, storm and sanitary sewer, drainage, water, gas and other utility pipes, lines and conduits (the “Common Facilities”) situated within the
Shopping Center or to extend any utility lines or equipment across any portion of the Shopping Center or alter any portion of the Common Areas without Landlord’s prior written consent. With respect to existing utility lines and equipment within
the Shopping Center serving only the Premises, if any, and with respect to any utility lines and equipment within the Shopping Center subsequently installed with Landlord’s consent to 

  

 6 

 
serve only the Premises, Tenant shall install, maintain, repair and, if necessary, replace such lines and equipment at its. sole expense, provided, however,
that Tenant shall on each occasion notify Landlord of the work to be performed and shall perform such work in. accordance with such regulations and restrictions as Landlord may impose for the safety and convenience of the Shopping Center and in
accordance with all other provisions of this Lease; provided, however, that Landlord shall have the right to perform any such installation, maintenance, repair or replacement on Tenant’s behalf and charge Tenant therefore (Tenant agreeing to
promptly reimburse Landlord upon demand) . Landlord shall have the right, at Landlord’s expense and upon notice to Tenant, to relocate any utility pipe, line, conduit or other equipment crossing the Premises or the Shopping Center whether or
not serving only the Premises. 
  
 (d) Landlord reserves the right
at any time and from time to time to change the arrangement and/or size of the Common Areas, or any part or parts thereof, to change the location of any of the Common Facilities, and to construct additional improvements and buildings within the
Shopping Center; provided, however, that reasonable access to and from the Premises and the adjacent public streets shall be maintained. 
  
 (e) Landlord shall have the right (i) to close temporarily, if necessary, all or any portion of the Common Areas to such extent as may, in the opinion of
Landlord, be reasonably necessary to prevent a dedication thereof or the accrual of any rights of any person or the public therein, (ii) to close temporarily all or any portion of the Common Areas to discourage non—customer use, (iii) to use
temporarily portions of the Common Areas while engaged in making additional improvements or repairs or alterations to the Shopping Center, (iv) to transfer in whole .or in part any of Landlord’s rights and/or obligations under this Section to
any other tenant or tenants or other occupants of the Shopping Center or to such other party or designee as Landlord may from time to time determine, and (v) to do or perform such other acts in, to or with respect to the Common Areas as in the use
of good business judgment Landlord shall determine to be appropriate for the Shopping Center 
  
 SECTION 7. Use of Premises. (a) The Premises may be used only as a bank and/or for a loan production office and for other banking-related purposes, and for no other purpose. 
  
 (b) Tenant acknowledges the potentially harmful effects that a vacant
business at the Premises might have upon the economic vitality of the Shopping Center and the other businesses therein; therefore, Tenant covenants and agrees that it will use best efforts to open the Premises for business with the public on or
before the Outside Date (as such term is defined in Section 9(a)(3)) and that thereafter it will remain open for business with the public on a continuous basis, without interruption, during normal business hours throughout the Term. 
  
 (c) In the event that Tenant (1) fails to open the Premises for business with
the public as provided above, or (ii) vacates, abandons or deserts the Premises, or (iii) ceases operating its business at the Premises for six (6) consecutive months or more, except for the making of necessary renovations or repairs following a
fire or other casualty, Landlord may, at its option, and provided Tenant shall not have opened or reopened, as the case may be, for business at the Premises, terminate this Lease by giving written notice of such termination and of the effective date
thereof to Tenant, and upon the giving of such notice this Lease shall cease and come to an end as of the date set forth in said notice with the same force and effect as if such date had originally been set forth herein as the Expiration Date of
this Lease, but Tenant shall remain 

  

 7 

 
liable under any indemnities and other provisions designated herein to survive the expiration or termination of the Lease. 
  
 SECTION 8. Taxes and Assessments. (a) Tenant shall pay to Landlord, as Additional Rent
for each calendar year during the Term, its proportionate share of all Real Estate Taxes (as herein defined) imposed or assessed upon, or with respect to the Shopping Center and/or Landlord’s interest therein for such calendar year. For the
purposes hereof, the Tenant’s proportionate share of the Real Estate Taxes shall be equal to the sum of Real Estate Taxes for such year imposed on or levied against the Premises and the buildings and improvements thereon, including, without
limitation, the Building and the parking areas within the Premises, provided, that if the Premises and/or the buildings or other improvements thereon shall not be separately assessed, and if the Real Estate Taxes upon the Premises and the buildings
and other improvements thereon cannot otherwise be separ3tely determined, then the Real Estate Taxes imposed on or levied against the Premises and the buildings and other improvements thereon for such year shall be deemed to be equal to the sum of
(i) the Real Estate Taxes for such year imposed on or levied with respect to the land (and any improvements thereon assessed as part of the land) within the Shopping Center multiplied by a fraction having as its numerator the total area of the
Premises and having as its denominator the total square land foot area of the Shopping Center and (ii) the Real Estate Taxes for such year imposed on or levied against all of the buildings and improvements within the Shopping Center (including the
Premises) multiplied by a fraction having as its numerator twice the Gross Leasable Area of the Building and having as its denominator the total Gross Leasable Area within the Shopping Center, in other words a fraction that is twice the usual
“Tenant’s Fraction” defined in Section 1(k). Payment on account of Tenant’s proportionate share of said Real Estate Taxes shall be made monthly, as part of Tenant’s total rent, at the times and in the manner provided in
Section 5 of this Lease. Real Estate Taxes for each calendar year shall be calculated based upon the portions of the tax years that are included within each calendar year or portion thereof during the Term. Payment on account of Tenant’s
proportionate share of said Real Estate Taxes shall be made monthly, as part of Tenant’s total Rent, at the times and in the manner provided in Section 5 of this Lease. 
  
 (b) The expression “Real Estate Taxes” used herein shall mean all impositions, taxes, assessments (special or
otherwise) and other governmental levies and charges of any and every kind, nature and sort whatsoever, ordinary and extraordinary, foreseen and unforeseen, and substitutes therefore, including all taxes whatsoever (except any inheritance, estate,
succession, transfer or gift tax imposed upon Landlord or any income tax specifically payable by Landlord as a separate taxpaying entity without regard to Landlord’s income source as arising from out of the Shopping Center), attributable in any
manner to the Shopping Center, or the rents receivable therefrom, or any part thereof or any use thereon or any facility located therein or used in conjunction therewith, or any charge or other payment required to be paid to any governmental
authority, whether or not any of the foregoing shall be a so—called “real estate tax.” 
  
 (c) Tenant shall pay all taxes upon its signs, equipment and other personal property in or upon the Premises. For the purposes of this Section such taxes
shall not be included within Real Estate Taxes upon the Shopping Center. 
  
 (d) Tenant shall furnish Landlord, promptly after receipt. thereof, copies of any notices received from any taxing authority. Tenant shall also furnish Landlord with satisfactory proof of payment of all items referred
to in this Section 8 which are payable by Tenant, together with copies of any tax bills received by Tenant, relating thereto. 
  

 8 

 SECTION 9. Tenant’s Work, Rent Additions, Replacements; Restrictions (a)(1) Within thirty (30) days after the
Commencement Date, Tenant shall prepare at its own expense and submit to Landlord, for Landlord’s approval, three (3) sets of working drawings and specifications covering the Tenant’s Work (as hereinafter defined). Within fifteen (15) days
after receipt of said working drawings and specifications, Landlord shall give Tenant notice in writing of approval thereof or of its reasons for disapproval thereof. In the event of any disapproval, ‘Tenant shall revise the working drawings
and specifications to the extent necessary to satisfy Landlord’s objections and shall resubmit the same, as revised, to Landlord within fifteen (15) days after. receipt of the notice of disapproval. Landlord shall give Tenant notice in Writing
of approval or disapproval of the revised working drawings and specifications within fifteen (15) days of the receipt of any resubmission or resubmissions. The working drawings and specifications as finally approved are hereinafter referred to as
the “Approved Plans”. In the event the Tenant’s working drawings and specifications have not been submitted in a form satisfactory to Landlord within one hundred twenty (120) day after the date of this Lease, Landlord shall have the
right at any time thereafter to cancel this Lease upon written notice to Tenant if at the time of such notice Tenant has not submitted satisfactory working drawings and specifications. Without limiting Landlord’s general right of review and
approval, any plans and specifications submitted by Tenant hereunder shall be consistent, as to the location, dimensions and configuration of the buildings and improvements on the Premises, with the site plan annexed hereto as Exhibit A.
Notwithstanding any review or approval of Tenant’s working drawings and specifications, or any changes therein required by Landlord, Tenant shall have full responsibility for all defects in design, construction, workmanship and materials with
respect to the Tenant’s Work. 
  
 (2) On or before the date
which is thirty (30) days after the Commencement Date, Tenant shall, at its sole expense, apply for (through Landlord, as provided hereinbelow), and shall thereafter diligently seek to obtain, all zoning changes and variances, environmental and land
use permits or amendments thereto, and all other governmental]. licenses, permits and approvals that shall be necessary in order to enable Tenant to perform the Tenant’s Work (as hereinafter defined) and to use the Premises for the purposes
contemplated by this Lease, excepting only that Landlord shall diligently seek to obtain, at its expense, any necessary amendment to the Landlord’s Site Location of Development permit for the Shopping Center issued to Landlord pursuant to 38
M.R.S.A. seq (all of said zoning variances, environmental and land use permits or amendments thereto, and other governmental licenses, permits and approvals to be obtained by Tenant and Landlord hereunder being hereinafter referred to as
“Permits”). Landlord agrees to cooperate in executing, if necessary, any submissions relating to any Permits being sought by Tenant, subject to Landlord’s right to approve all submissions as provided hereinbelow. All plans and
submissions relating to the Permits obtained by Tenant shall be subject to Landlord’s prior review and approval, in Landlord’s sole discretion, and must be approved in writing by Landlord prior to submission to any reviewing authority.
Without limiting the generality of the foregoing, any modifications or improvements to the exterior of the building and all landscaping are subject to Landlord’s prior written approval in Landlord’s sole discretion. Tenant shall provide
Landlord a copy of each Permit obtained by. Tenant upon issuance of the same. The Permits shall be deemed to have been obtained only if (a) all necessary Permits shall have been obtained by Landlord and Tenant, they are not subject to any challenge
or appeal and all periods within which any such challenge or appeal may be made have expired and (b) said Permits contain no conditions or requirements unacceptable to Landlord in Landlord’s sole discretion. Tenant shall give to Landlord at
least ten (10) days’ prior written notice of any hearings or 

  

 9 

 
proceedings relating to the Permits being obtained by Tenant, and Landlord shall have the right, but not the obligation, by its agents or representatives, to
accompany Tenant to such hearing or proceeding and to participate therein. 
  
 (3)
Within thirty (30) days after ‘the later of (A) the date on which all Permits shall have been obtained, and (B) the date on which Landlord shall have notified Tenant of Landlord’s approval of the Approved Plans, or as soon thereafter as
weather and seasonal conditions shall allow, Tenant shall commence and thereafter diligently prosecute to completion by June 1, 1993 (the “Outside Date”), at Tenant’s sole cost and expense, the Tenant’s Work. As used herein, the
“Tenant’s Work” shall mean any and all work, including architectural, engineering, consulting, contract administration, and similar work as well as construction work, except for the Landlord’s Work (as defined below), necessary
for Tenant to open the Premises for business in the normal manner for the use contemplated by Section 7, including without’ limitation’ rehabilitation and restoration of the interior and exterior’ of the Building, connection of the
Premises with any necessary water systems, sewerage systems, and public utility lines (subject to Landlord’s rights under Section 6(c)), construction and renovation of all stairways, walkways, driveways, and parking areas on the Premises, all
landscaping work, and any other necessary electrical, mechanical, architectural, plumbing, fixtures and site work. Tenant ‘shall perform the Tenant’s Work in a good and workmanlike manner, in accordance with all applicable laws, zoning and
building codes, ordinances and regulations, and all other applicable requirements of governmental authorities, and in accordance with the Approved Plans. Prior to commencing Tenant’s Work, Tenant shall submit to Landlord (1) a list of the names
of each contractor, subcontractor, and any other party supplying labor or materials in connection with Tenant’s Work, and (2) evidence satisfactory to Landlord that each of the parties referred to in the preceding clause (1) has obtained
policies of insurance of the following types, in forms, amounts and with endorsements satisfactory to Landlord naming Landlord as an additional insured: comprehensive general liability insurance; builders’ risk insurance; automobile liability
insurance; and workers’ compensation (including employers liability) insurance. Promptly upon completion of any Tenant’s Work, Tenant shall deliver to Landlord the certificate of a licensed architect or engineer stating that such Work has
been completed in accordance with the Approved Plans and in accordance with all applicable governmental statutes, codes, regulations, standards and requirements, including without limitation those relating to the accessibility and usability of the
accommodations, facilities and services located on the Premises and those relating to Hazardous Materials and storage Tanks. In addition, Tenant shall promptly deliver to Landlord lien waivers, prepared on a form to be provided to Tenant by
Landlord, executed by all contractors, subcontractors and other parties supplying labor or materials in connection with the Tenant’s Work. 
  
 (b) During the Term of this Lease, Tenant shall not make any alterations, changes, replacements, improvements or additions in or to the Premises or the
buildings and improvements (including any utility pipes, lines, conduits or equipment) now or hereafter situated thereon, except in accordance with the standards and procedures set forth in paragraph (a) above and elsewhere in the Lease; provided,
however, that Tenant shall have the right, at its expense, from time to time to redecorate the interior of the building upon the Premises and to make such non-structural alterations and changes in the interior thereof as it shall deem necessary or
expedient for its purposes, provided that such alterations or changes shall not injure the safety of the structure, nor diminish its value, shall be done in a good and workmanlike manner and shall comply with all governmental laws, ordinances and
requirements, including, 

  

 10 

 
without limitation, those relating to historical restoration or preservation, such as, by way of example, those issued or imposed by the Maine Historic
Preservation Commission. 
  
 (c) Tenant shall, at all times during
the Term, and at its own cost and expense, keep and maintain, or cause to be kept and maintained, in good order, repair and condition (ordinary wear and tear excepted), the entire Premises, including all buildings and improvements at any time
situated on the Premises, and including those improvements constructed by Landlord pursuant to Section 10. Without implying any obligations on the part of Landlord, Tenant shall maintain the Premises, including the buildings and improvements
thereon, in at least as good order, repair and condition as the remainder of the Shopping Center.’ Such maintenance shall include, without limitation snow—plowing and lawn and landscaping maintenance. Landlord shall not be required to
furnish any services or facilities or to make any improvements, repairs, replacements or alterations of any kind in or to the Premises or the buildings and improvements thereon or to any equipment, fixtures or facilities of any kind located on the
Premises or in the Building during the Term, except as specifically provided herein. The provisions of this paragraph (c) shall be subject to the provisions of Section 19 of this Lease. 
  
 (d) (1) Until the expiration or termination of this Lease, title to any improvements made by or at the expense of Ten during
the Term, to the Premises and the Building, and the permanent fixtures and other property installed by Tenant thereon and thereunder (such fixtures, property and improvements, hereinafter referred to as the “Tenant’s Improvements”)
shall, during the Term hereof, be solely in Tenant; and, during the Term of this Lease, Tenant alone shall be entitled to deduct all depreciation on its income tax returns for any Tenant’s Improvements. Upon the expiration or termination of
this Lease for any reason, all of the Tenant’s Improvements (except for any “Tenant’s fixtures and personal property” as hereinafter defined) shall automatically become the property of Landlord, and Tenant shall have no rights in
or claim to such Improvements. 
  
 (2) All counters, shelving and
other operating equipment and trade fixtures installed by or at the expense of Tenant (“Tenant’s fixtures and personal property”) shall remain the property of Tenant, and Tenant may, provided that, Tenant is not in default in the
performance or observance of any of the terms, covenants, conditions or agreements in this Lease contained on •the part of the Tenant to be performed or observed, remove the same or any part thereof at any time or times during the Term, and
Tenant shall repair all damages resulting from such removal. Any Tenant’s fixtures and personal property not removed at the end of the Term shall be deemed abandoned by the Tenant and shall, at the option of Landlord, become the property of
Landlord, and Tenant hereby waives any claim to such Tenant’s fixtures and personal property and agrees to indemnify Landlord against all costs and expenses incurred by Landlord in storing, removing and disposing of any such Tenant’s
fixtures and personal property. As used herein, the phrase “Tenant’s fixtures and personal property” shall not include any plumbing, wiring, heating, ventilation and air—conditioning equipment, lighting fixtures and equipment,
bathroom sinks and’ fixtures, finished walls applied, to demised walls, moldings, doors, windows,’ trim, ceilings, carpeting, flooring, any outdoor improvements such as utilities, landscaping, lighting, curbing and the like, and any
similar property, equipment and fixtures installed by Tenant in the Premises or the buildings thereon, and any such property equipment .and fixtures shall be deemed to be Tenant’s Improvements which shall become the property of Landlord upon
the expiration or termination of the Lease as provided in subparagraph (1) immediately above. 
  

 11 

 SECTION 10. Omitted 
  
 SECTION 11. Requirements of Public Authority. (a) During the Term of this Lease, Tenant shall, at its own cost and expense, promptly observe and comply (including
the making of any necessary repairs, replacements, removals, alterations or improvements to the Premises (including the Building) or the equipment or fixtures located thereon) with all present and future laws, ordinances, requirements, orders,
directives, rules and regulations (including without limitation those relating to the accessibility and usability of the accommodations, services and facilities on the Premises, those relating to the restoration and preservation of historical sites
or structures and those relating to Hazardous Materials and Storage Tanks) of the federal, state, county and city governments and of all other governmental authorities affecting the Premises or appurtenances thereto or any part thereof whether the
same are in force on the Commencement Date or may in the future be passed, enacted or directed, and, without limiting Tenant’s liability under the indemnities contained elsewhere in this Lease, Tenant shall pay all costs, expenses, liabilities,
losses, damages, fines, penalties, c1 and demands, including reasonable counsel fees that may in any manner arise out of or be imposed because, of the failure of Tenant to comply with the covenants of this Section 11. 
  
 (b) Without limiting the generality of the foregoing, Tenant shall at its
expense (1) conduct and complete all investigations, studies, sampling, and testing and all remedial, repair, removal, reporting and other actions necessary to clean up and remove, or to identify and manage all Hazardous Materials and Storage Tanks
on, from or affecting the Premises (including those originating, from the Premises and migrating to or otherwise affecting other portions of the Shopping Center or other property) (a) in accordance with all applicable’ federal, state, and local
laws, regulations, rules, ordinances and policies, (b) to the satisfaction of Landlord, including, without limitation, within a time frame and in a manner satisfactory to Landlord, and (c) in accordance with the. orders and directives of all
federal, state, and local governmental authorities, and (2) defend, indemnify, and hold harmless Landlord and its affiliates, and the employees, agents, officers, and directors of any of them, from and against any and all claims, demands, penalties,
fines, liabilities, settlements, damages, costs, or expenses (including, without limit, attorney and consultant fees, investigation and laboratory fees, court costs, and litigation expenses) of whatever kind or nature, known or unknown, contingent
or otherwise, arising out of or in any way related to (a) the presence, disposal, release, or threatened release of any Hazardous Materials or Storage Tanks which are on, from, or affecting the Premises; (b) any personal injury (including wrongful
death) or property damage (real or personal) arising out of .or related to Hazardous Materials or Storage Tanks on, from or affecting the Premises; (C) any lawsuit brought or threatened, settlement reached, or government order relating to Hazardous
Materials or Storage Tanks on, from or affecting the Premises, and/or (c) any violation of laws, orders, regulations, requirements, or demands of government authorities, or any policies or requirements of Landlord which are based upon or in any way
related to Hazardous Materials or Storage Tanks on, from or affecting the Premises. The indemnities described in this subparagraph (b) shall also apply to Hazardous Materials and Storage Tanks originating or present on the Premises and migrating to
or otherwise affecting the other portions of the Shopping Center or other property. 
  
 (c) For purposes of this provision, the term “Hazardous Materials” includes, without limit, any flammable explosives, radioactive materials, hazardous materials, hazardous waste, hazardous or toxic
substances, oil or petroleum products, asbestos, or related materials; including as the same are defined in the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (42 U.S.C. § 9601, seq.), the Hazardous
Materials Transportation Act, as 

  

 12 

 
amended (49 U.S.C. § 1801,’ seq.), the Resource Conservation and Recovery Act, as amended (42 U.S.C. § .6901, seq.), applicable Maine Statutes
(including 38 M.R.S.A. § 561, seq., 38 M.RS.A. § 1361, se 38 M.R.S.A. § 1301, seq.; and 38 M.R.S.A. § 1317, seq.) and in the regulations adopted and publications promulgated pursuant thereto. As used herein, the term
“Storage Tank” shall mean any container, tank or facility of whatever kind, nature or description, together with associated piping and fixtures, including any underground oil storage tank or facility as defined in 38 M.R.S.A. § 561
seq., previously or presently used or capable of being used to hold any type of Hazardous Materials, including but not limited’ to oil or other petroleum products, and which is located above ground or wholly or partly below ground.
Notwithstanding the foregoing, Tenant shall not be liable to Landlord for any Hazardous Materials to the extent that such Hazardous Materials were on, from or• affecting the Premises prior to the Commencement Date or were generated, stored,
handled, transported, dispose4 of, discharged or released by Landlord or its agents, employees, licensees or contractors except to the extent of any negligence or willful misconduct with respect to the foregoing by Tenant, its agents, employees,
licensees or contractors. In addition to the foregoing, Tenant shall immediately provide Landlord with copies of any notices, correspondence, warnings, guidance or other written materials received from or given to any governmental authority or other
person or entity in connection with Hazardous Materials or Storage Tanks and the Premises and shall give Landlord written notice of its discovery or release of any Hazardous Materials on, upon, under, from or into the Premises. Landlord shall have
the right to communicate, verbally or in writing, with any governmental authority on any matter relating to Hazardous Materials and their relationship to the Premises and the Shopping Center. . The provisions of this Section 11 shall be in addition
to any other obligations and liabilities Tenant may have under this Lease, at common law or otherwise, and shall survive the termination or expiration of this Lease. 
  
 (d) Tenant acknowledges Landlord’s concern that the Shopping Center be and remain in compliance with applicable
environmental laws, regulations, rules, ordinances and policies and that Landlord has a direct interest in such matters and, therefore, without limiting Tenant’s obligations under this Section 11, or otherwise, or Landlord’s rights under
Section 22, or otherwise, Tenant agrees that Landlord may, but shall be under no obligation to, undertake some or all of the matters referred to in this Section 11 on behalf of Tenant, upon giving Tenant written notice, and thereupon Tenant shall
have no. further right, to undertake such matters itself, but shall continue to be liable to Landlord pursuant to Tenant’s indemnities. 
  
 SECTION 12. Covenant Against Liens. Tenant covenants and agrees that if any mechanics’ lien or claim or other lien of any kind whatsoever shall be filed or
maintained against the Premises or the Shopping Center by any contractors, subcontractor, material man or laborer employed by Tenant or Tenant’s contractor or subcontractors for work done or material furnished in connection with the Premises,
Tenant shall, within thirty (30) days after the filing of such claim or lien, either (1) pursuant to any applicable statute, bond against the same and remove such claim or lien of record, or (2) furnish a waiver and release from the party
originating such claim or lien as to the Premises. if Tenant fails to discharge any claim or lien, Landlord shall have the right to discharge any such claims or lien by payment or otherwise, and Tenant shall reimburse Landlord therefore and for all
costs and expenses as Additional Rent. Tenant further agrees that all contractors, subcontractors, material men and laborers performing such work or providing such labor or materials shall look to and hold Tenant solely liable for all labor and
materials furnished and work done for Tenant so that there shall not be any legal or lawful claim of any kind whatsoever against Landlord for any work done or labor or materials furnished in 

  

 13 

 
connection therewith. Tenant shall indemnify and save harmless Landlord against and from all costs, damages, liabilities, suits, penalties, claims and
demands, including reasonable counsel fees, resulting from any such lien. 
  
 SECTION 13. Access to Premises. (a) Landlord or Landlord’s agents and designees shall have the right to enter upon the Premises at reasonable times to examine and inspect the Premises arid, during the last six (6) months of the
Term of this Lease, at reasonable times to exhibit the Premises to prospective purchasers and prospective tenants. 
  
 (b) Landlord recognizes that it is one of the prior functions of the banking business to provide security for items of value. Therefore, Landlord agrees
that whenever in this Lease there is reserved to Landlord the right to enter and inspect or exhibit the Premises, including, without limitation, pursuant to this Section, such rights shall be subject to the Tenant’s right to restrict access to
those areas involving bank security, such as security vaults, and to impose reasonable conditions upon any access to such areas. 
  
 SECTION 14. Assignment and Subletting. (a) Tenant shall not assign, mortgage or sublet this Lease or the Premises without on each, occasion obtaining the prior
written consent of Landlord thereto, Landlord covenanting and agreeing not to delay or withhold such consent unreasonably; provided, however, that Tenant shall have no right under any circumstances to make any partial sublease, mortgage or
assignment of this Lease or the Premises. 
  
 (b) For purposes of
this Section 14, an assignment shall be deemed to include a transaction in which (if Tenant is a corporation (‘other than a corporation the outstanding voting stock of which is listed on a, “national securities exchange,” as defined
in the Securities Exchange Act of 1934)) at any time after execution of this Lease any -part or all of the corporate shares shall be transferred by sale, assignment, bequest, inheritance, operation of law or other disposition (including, but not
limited to, such a transfer to or by a receiver or trustee in federal or state bankruptcy, insolvency, or other proceedings) so as to result in a change in the present control of said corporation by the person ‘or persons now owning a majority
of said corporate shares. 
  
 (c) Notwithstanding any assignment
of Tenant’s interest in this Lease or any subletting of the Premises, Tenant shall remain primarily liable for performance and observance of the covenants and agreements herein contained on the part of Tenant to be performed and observed, such
liability to be (in the case of any assignment) joint and several with that Of such assignee, and any assignment or sublease shall be only for the use permitted by Section 7 hereof. It is expressly understood and agreed that no assignment of
Tenant’s interest in this Lease or sublease of the Premises shall be permitted or be effective until such time as Tenant shall deliver to Landlord a copy thereof, which shall include, in the case of an assignment, an agreement from the
assignee, which agreement shall be reasonably satisfactory to Landlord in form and substance and shall provide that ‘the assignee agrees with Landlord to be primarily liable for the performance and observance of the covenants and agreements
herein contained on the part of Tenant to be performed and observed, such liability to be joint and several with that of Tenant; any sublease shall contain a provision that it is subject to all of the terms, ‘covenants and conditions of this
Lease. If Landlord shall consent to any assignment of this Lease by Tenant or a subletting of the Premises by Tenant at a rent which exceeds the Rent payable hereunder by Tenant, then Tenant shall pay to Landlord, as additional rent, forthwith upon
Tenant’s receipt of each installment of any such excess rent (or upon receipt of a lump sum payment, as the case 

  

 14 

 
may be), the full amount of any such excess rent. Each request by Tenant for permission to assign this Lease or to sublet the Premises shall be accompanied
by warranty by Tenant as to the amount of rent to be paid to Tenant by the proposed assignee or sublessee. For purposes of this Section, the Term “rent” shall mean all fixed rent, additional rent or other payments and/or consideration
payable by one party to another pursuant to or as consideration for the sublease or assignment, whether payable as a lump sum or in installments. 
  
 (d) Notwithstanding any assignment of this Lease, or any subletting of the Premises as provided herein, the provisions of this Section 14 shall apply to
any further subletting or assignment. The acceptance by Landlord of the payment of Rent following any assignment or other transfer prohibited by this Article shall not be deemed to be a consent by Landlord to any such assignment or other transfer
nor shall the same be deemed to be a waiver of any right or remedy of Landlord hereunder. 
  
 SECTION 15. Signs. Tenant shall not place, install or maintain upon the Premises any sign, symbol, advertisement or similar device which is intended to be visible to public view, from outside the Premises
without first obtaining Landlord’s written approval as to the size, location, design and appearance of each thereof. Without limiting the foregoing, Landlord hereby approves the configuration, dimensions and appearance of the sign shown on the
sign plan attached hereto as Exhibit C. Any sign or other similar device erected or installed without the prior written approval of Landlord may be removed by Landlord without notice or liability. In addition to and without limiting the foregoing,
Tenant shall insure that any sign to be erected in accordance with the provisions of this Section complies with all governmental laws, regulations and requirements applicable thereto, and Tenant shall, at its expense, obtain any and all necessary
permits, licenses and approvals therefore before erecting such sign. 
  
 SECTION
16. Indemnity and Public Liability Insurance. Tenant shall save Landlord harmless and indemnified from and against all injury (including death) to any person and loss of, or damage to, any property while on the Premises or arising (directly
or indirectly) out of or in connection with the possession, use, occupation or control of the Premises, and from and against all injury (including death) to any person, or loss of, or damage to, any property anywhere occasioned, or claimed to have
been occasioned, by any act, neglect or default of Tenant, its agents, employees, licensees or contractors. This hold harmless and indemnity agreement shall include indemnity against all costs, expenses and liabilities incurred in connection with
any such injury, loss or damage or in defense of any claim or claims on account thereof, and shall include without limitation indemnity against claims, suits, or proceedings brought by or on behalf of employees of Tenant, Tenant hereby waiving for
purposes of this indemnity any immunity under the Workers’ Compensation Acts. Tenant shall maintain with respect to the Premises public liability insurance with combined single limit coverage of not less than Three Million Dollars
($3,000,000.00) for injury to, or death of, one or more persons, in a single accident or occurrence, and property damage insurance in an amount not less than Five Hundred Thousand Dollars ($500,000.00) in companies qualified to do business in the
State of Maine, insuring Landlord and any designee of Landlord as well as Tenant against all injury to persons or damage to property as herein provided, all of said policies to .be written on an occurrence basis. in no event shall the limits of said
policies be considered as limiting the liability of Tenant under this Lease. Tenant shall deposit with Landlord certificates of such insurance and certificates of the fire and casualty insurance required by Section 17 below on or before the
Commencement Date, and thereafter within ten (10) days prior to the expiration of the applicable insurance policies. 

  

 15 

 
Such policies shall provide that the policies may not be cancelled or materially changed without at least ten (10) days’ prior written notice to each
assured. 
  
 SECTION 17. Fire and Casualty Insurance. (a) Tenant shall,
throughout the Term, keep the buildings and improvements situated from time to time upon the Premises insured against loss or damage by fire or other casualty under a so—called “all risk” insurance policy with replacement cost,
demolition cost and increased cost of construction endorsements. Tenant shall insure said buildings and improvements in an amount which is equal to the full replacement cost of said buildings arid improvements, exclusive of foundations and footings.
Such insurance policy shall be written with a good and solvent insurance company licensed to do business in the State of Maine selected by Tenant and satisfactory to Landlord. Such insurance policy shall name Landlord as the insured and Tenant as an
additional insured, and shall provide that it will not be cancelled or amended except after ten (10) days’ written notice to Landlord and shall further provide (either expressly or by reason of the absence of re that the interests of and
recovery by Landlord shall not be invalidated or affected by any act or negligence of Tenant or Landlord or any other person or entity having an interest in the Premises. All insurance proceeds paid under said policies shall be paid as follows: If
this Lease shall be terminated pursuant to Section 19 hereof by reason of such damage or destruction, there shall be paid directly to Landlord the entire amount of such proceeds (including any proceeds attributable to loss or damage to any
Tenant’s Improvements). If this Lease shall not be terminated by reason of such damage or destruction, the entire proceeds shall be paid to Landlord and made available to Tenant to be applied to the cost of repair and restoration of the
buildings and improvements upon the Premises as provided in Section 19 of this Lease. 
  
 (b) Each of Landlord and Tenant hereby releases the other, to the extent of any insurance recovery by the release from any and all liability or responsibility (to the other or anyone claiming through or under them by
way of subrogation or otherwise) for any loss or damage to property caused by fire or any of the insured casualties, even if such fire or other casualty shall have been caused by the fault or negligence of the other party, or anyone for whom such
party may be responsible; provided, however, that this release shall be applicable and in force and effect only with respect to loss or damage occurring during such time as the releasor’s policies shall contain a clause or endorsement to the
effect that any such release shall not adversely affect or impair said policies or prejudice the’ right of the releasor to recover thereunder. Each of Landlord and Tenant agrees that its policies will include such a clause or endorsement so
long as the same shall be obtainable without extra cost, or if extra cost shall be charged therefore, so long as the other party pays such extra cost. If extra cost shall be chargeable therefore, each party shall advise the other thereof and of the
amount of the extra cost, and the other party, at its election, may pay the same, but shall riot be obligated so to do. 
  
 SECTION 18. Eminent Domain. (a) If the whole of the Premises shall be taken for any public or quasi-public use under any statute or by right of eminent domain or
by purchase. in lieu thereof, then this Lease shall automatically terminate as of the date that possession has been taken. In the event of any other taking (or purchase) which renders the remaining portion of the Premises not so taken (or so
purchased) not reasonably usable for the purposes for which the Premises were being used by Tenant just prior to such taking (or purchase), then either party shall have the right to terminate this Lease by giving written notice of such termination
to the other on or prior to the date sixty (60) days after the date of such taking (or purchase), and upon the giving of such notice of termination, the Term of this Lease shall expire and come to an end on the last day of 

  

 16 

 
the calendar month in which such notice shall be given with the same force and effect as if said day had been originally fixed, herein as the expiration date
of the Term of this Lease. In the event the Lease shall terminate or be terminated, the Rent shall, if Sand. when necessary, be adjusted to the effective date of the taking ‘ purchase) and neither party shall have any further rights or
liabilities hereunder, whether for the unexpired portion of this Lease or otherwise, except with respect to obligations and liabilities of Tenant hereunder, actual or contingent, which have’ arisen on or prior to such date of termination, or
which are designated to survive the expiration or termination of the Lease. 
  
 (b) In the event of a taking (or purchase) resulting in the termination of this Lease pursuant to the provisions of paragraph (a) of this Section 18, the parties hereto agree to cooperate in applying for, prosecuting
and securing any claim for such taking and further agree that the aggregate net award (which term for the purposes hereof shall include any purchase price received in lieu of a taking) made in consideration of the Premises, after deducting all
expenses therewith, payable to either Landlord or Tenant, shall belong entirely to Landlord without any deduction therefrom for any leasehold estate or interest or improvements now or hereafter vested in Tenant. 
  
 (c) In the event of a partial taking (or purchase) not resulting in the
termination of this Lease pursuant to the provisions of paragraph (a) of this Section 18, Tenant shall, at its own cost and expense, make all repairs to the buildings and improvements on the Premises affected by such taking (or purchase) to the
extent necessary to restore the same to complete architectural units (taking into consideration, however, the amount of land remaining after any such taking or purchase) and in accordance with Section 9. Any compensation available or paid to
Landlord and Tenant upon such a partial taking (or purchase) shall be made available to Tenant to the extent necessary to defray the cost of such restoration (with any remaining funds to be the property of Landlord) and there shall be no abatement
in Rent by reason of any such partial taking (or purchase). 
  
 (d) In the event of a taking for .a temporary use, this Lease shall continue unaffected and Tenant shall continue to pay in full all Rent due Landlord hereunder. Tenant shall be entitled to receive the entire proceeds from such taking
unless the period of the taking shall extend beyond the termination of this Lease in which case. the proceeds shall be apportioned between Landlord and Tenant as of the date of such termination. 
  
 (e) In the case of a second or any other additional partial taking or takings
from time to time, the provisions, hereinabove contained shall apply to each partial taking. 
  
 SECTION 19. Fire and Casualty. If during the Term of this Lease the buildings or improvements upon the Premises are damaged or destroyed by fire, flood or other casualty, this Lease shall continue in full force
and effect and Tenant shall, at its cost and expense, rebuild, replace and/or repair said buildings and improvements so as to restore the same (as nearly as practicable) to the condition and fair market value thereof as existed immediately prior to
such damage or destruction; provided however that if such destruction or damage (1) shall occur at any time prior to the third year next preceding the expiration of the original term hereof, or any extension thereof, and shall amount to fifty
percent (50%) or more of the estimated replacement cost of said buildings and improvements (exclusive of foundations), or (2) shall occur during or after the third year next preceding the expiration of the original term hereof, or any extension
thereof, and shall amount to thirty percent (30%) or more of such estimated replacement cost 

  

 17 

 
(exclusive of foundations), this Lease may be terminated and ended at the election of Tenant, provided that notice in writing of such election shall be sent
by Tenant to Landlord within sixty (60) days after such destruction or damage as aforesaid. Upon termination as aforesaid by Tenant, the insurance proceeds payable as a result of such damage or destruction shall be paid to Landlord as provided in
Section 17 of this Lease, and this Lease and the Term hereof shall cease and come to an end. If such destruction or damage to the buildings or improvements upon the Premises is such that Tenant shall not have the right to terminate this Lease under
any of the provisions in this Section 19 contained, or in the event that Tenant, having such right, shall elect not to terminate this Lease as aforesaid within the time provided, Tenant shall .proceed forthwith to repair and restore the Premises as
aforesaid. All such work shall be performed in a good and workmanlike manner and in accordance with the standards and procedures set forth in Section 9 hereof. 
  

SECTION 20. Quiet Enjoyment. Tenant, upon paying the Rent and Additional Rent and all other sums and charges to be paid by it as herein provided, and observing
and keeping all covenants, warranties, agreements and conditions of this Lease on its part to be kept, shall quietly have and enjoy the Premises during the Term of this Lease, without hindrance or molestation by anyone claiming by, through or under
Landlord. 
  
 SECTION 21. Defaults. (a) If any one or more of the following
events (herein sometimes called “events of default”). shall occur: 
  
 (1) if default shall be made in the due and punctual payment of any installment of Minimum Rent, Additional Rent or other charges due hereunder, when and as the same shall become due and payable, and such default
shall continue for a period of five (5) days after written notice from Landlord to Tenant specifying the items in default (provided that Tenant shall be entitled to only one (1). such notice in any Lease Year); or 
  
 (2) if default shall be made by Tenant in the performance or compliance with
any of the agreements, terms, covenants or conditions in this Lease provided, other than those referred to in the foregoing subparagraph (1), and such default shall continue for a period of fifteen (15) days after written notice from Landlord to
Tenant specifying the items in default (provided that Tenant shall be entitled to only one (1) such notice in any Lease Year with respect to the same or similar default), or in case of a default or contingency which cannot with due diligence be
cured within said fifteen (15) day period, Tenant rails to proceed within said fifteen (15) day period to commence to cure the same and thereafter to prosecute the curing of such default with due diligence and within a period of time which under all
prevailing circumstances shall be reasonable; or 
  
 (3) if Tenant
shall file a voluntary petition in bankruptcy or shall be adjudicated a bankrupt or insolvent, or shall file any petition or. answer seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under
the present or any future state or federal bankruptcy or insolvency statute or law, or shall seek or consent to the appointment of. any bankruptcy or insolvency trustee, receiver or liquidator of Tenant or of all or any substantial part of its
properties or of the Premises; or 
  
 (4) if within sixty (60)
days after the commencement of any proceeding against the Tenant seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under the present or any future state or federal bankruptcy act or any
other present or future state or federal bankruptcy or insolvency statute or law, such proceeding 

  

 18 

 
shall not have been dismissed, or, if, within sixty (60) days after the appointment, without the consent or acquiescence of Tenant, of any trustee, receiver
or liquidator of Tenant or of all or substantially all of its properties or of the Premises, such appointment shall not have been vacated or stayed on appeal or otherwise, or if within sixty (60) days after the expiration of any such stay, such
appointment shall not have been vacated; or 
  
 (5) if Tenant
shall (i) forfeit the right, as declared by competent authority under any state or federal law to make loans or hold deposits; (ii) be dissolved, go into liquidation or be closed, whether by vote of shareholders or otherwise, with the exception of
mergers and consolidations; (iii) become insolvent, as declared by competent authority in that its assets are less than its obligations to its creditors and others, including its members, or shareholders, however designated; (iv) refuse to pay its
circulating notes; (v) willfully violate any cease-and-desist order that has become final, issued by, or at the behest of, any competent banking authority; (vi) conceal its books, papers, records or assets, or refuse to submit books, papers,
records, assets or other affairs for the inspection of any state or federal agency authorized to inspect them; (vii) have its status, as an institution the accounts of which are insured by the Federal Deposit Insurance Corporation or the Federal
Savings and Loan Insurance Corporation terminated, except where such termination occurs in conjunction with the inception of such status with another comparable insurer; or (viii) if a conservator or receiver for Tenant is appointed by or at the
behest of any competent banking authority; then and in any such event Landlord, at any time thereafter, may give written notice to Tenant specifying such event of default or events of default and stating that this Lease and the Term shall expire and
terminate on the date specified •in such notice which shall be at least ten (10) days after the giving of such notice, and upon the date specified in such notice this Lease and the Term and all rights of Tenant under this Lease, shall expire
and terminate, and Tenant shall remain liable as hereinafter provided. 
  
 (b) Upon any such expiration or termination of this Lease, Tenant shall quit and peacefully surrender the Premises to Landlord, and Landlord, upon or at any such expiration or termination, may without further notice, enter upon and reenter
the PL and possess and repossess itself thereof, by force, summary proceedings or otherwise, and may dispossess Tenant and remove Tenant and all other persons and property from the Premises without being liable to prosecution therefore, and may
have, hold and enjoy the Premises and the rights to receive all rental income of and from the same. 
  
 (c) No such expiration or termination of this Lease, or summary proceedings, abandonment or vacancy, shall relieve Tenant of its liability and obligation
under this Lease, whether or not the Premises shall be relent, and Tenant covenants and agrees, in the event of any such expiration or termination of this Lease, or summary proceedings, abandonment or vacancy, to pay and be liable for, on the days
originally fixed herein for the payment thereof, amounts equal to the several installments of Rent and other charges reserved as would, under the term of this Lease, become due and payable if this Lease had not so expired or been terminated, or if
Landlord had not entered or reentered as aforesaid, and whether the Premises be relent or remain vacant ‘in whole or in part or for a period less than the remainder of the Term, and for the whole thereof, up to but not exceeding the amount of
any deficiency then existing after giving due credit for any net proceeds of any reletting after deducting all of Landlord’s reasonable expenses in connection with such reletting, including reasonable attorneys’ fees; and any suit brought
to collect the amount of the deficiency for any month or other period shall not prejudice in any way 

  

 19 

 
the rights of Landlord to collect the amount of the deficiency for any subsequent month or other period by similar proceeding. 
  
 (d) In the event of an assignment by operation of law under the federal
Bankruptcy Code, or any state or federal bankruptcy or insolvency law (including as a result of any of the events described in paragraph (a) (5) of this Section 21) and Landlord elects not to terminate this Lease under this Section 21, the assignee
shall provide Landlord with. adequate assurance of future performance of all of the terms, conditions and covenants of this Lease, which shall include, but which shall not be limited to, assumption of all the terms, covenants and conditions of this
Lease by the assignee and the making by the assignee of the following express covenants to Landlord: 
  
 (i) That assignee has sufficient capital to pay the Rent and other payments and charges due under this Lease for the entire Term, and that assignee is not
in default under any’ other lease or other agreement with Landlord; and 
  
 (ii) That assumption of this Lease by the assignee will not cause Landlord to be in violation or breach of any provision in any other lease, financing agreement or operating agreement relating to the Shopping Center;
and 
  
 (iii) That such assignment and assumption by the assignee
will not substantially disrupt or impair any existing tenant mix in the Shopping Center. 
  
 SECTION 22. Landlord’s Remedies. (a) If Tenant shall default in the performance or observance of any agreement, condition or other provision in this Lease contained on its part to be performed or observed,
and shall not cure such default within thirty (30) days after notice in writing from Landlord specifying the default (or shall not within said period commence to cure such default and thereafter prosecute the curing of such default to completion
with due diligence), Landlord may, at its option (but shall he under no obligation to), without waiving any claims for breach of agreement, at any time thereafter, cure such default for the account of• Tenant, and may enter upon the Premises
for such purpose and take all such action thereon as, in Landlord’s opinion, maybe necessary or appropriate .thereof or. No such entry shall be deemed an eviction of Tenant. Tenant shall reimburse Landlord for any amount paid and any expense or
contractual liability so incurred, and any amounts due from Tenant shall be deemed .to be Additional Rent due and payable with the next installment of Rent. Landlord may cure any such default as aforesaid prior to the expiration of said waiting
period, but after notice to Tenant, if it is necessary to protect the real estate or its interest therein, or to prevent injury or damage to persons or property. 
  
 (b) Any and all rights and remedies which Landlord may have under this Lease upon any breach or default by Tenant shall be
distinct, separate and cumulative and shall not be deemed inconsistent with each other; and or one of them, whether exercised by Landlord or not, shall he deemed to be in exclusion of any other; and any two or more or all of such rights and.
remedies may be exercised at the same time. 
  
 SECTION 23. Waivers. The
receipt of Rent, Additional Rent or any other amount by Landlord with knowledge of any breach of this Lease by Tenant or of any default on the part of Tenant in the observance or performance of any of the terms, covenants or conditions of this
Lease, shall not be deemed to be a waiver of any provision of this Lease. No acceptance of a lesser sum than the Rent then due shall be deemed to be other than on account of the earliest installment of such Rent due, nor shall any endorsement or
statement on any check or any letter accompanying any 

  

 20 

 
check or payment as Rent be deemed an accord and satisfaction, and Landlord may accept such check or payment without prejudice to Landlord’s right to
recover the balance of such installment(s) or pursue any other remedy in this Lease provided. Failure of Landlord .to complain of any act or omission on the part of Tenant no matter how long the same may continue shall not be deemed to be a waiver
by Landlord of any of its rights hereunder. No waiver by Landlord at any time, express or implied, of any breach of any provision of this Lease shall be deemed a waiver of a breach of any other provision of this Lease or a consent to any subsequent
breach of the same or any other provision. If any action by Tenant shall require the consent or approval of Landlord, Landlord’s consent to or approval of such action on any one occasion shall not be deemed a consent to or approval of said
action on any subsequent occasion or a consent to or approval of any other action on the same or any subsequent occasion. 
  
 SECTION 24. Tenant’s Covenants. In addition to the covenants contained elsewhere in this Lease, Tenant covenants and agrees as follows: 
  
 (a) To pay when due all Rent at the times and in the manner provided in this
Lease. 
  
 (b) Upon the expiration or termination of this Lease,
to remove its goods and effects and those of all persons claiming under it and to yield up peaceably to Landlord the Premises and all buildings and improvements thereon, broom clean (in the case of buildings and similar structures) and in good
order, repair and condition in all respects, reasonable wear and tear only excepted. 
  
 (c) To pay all sewer rents and charges for water, gas, heat, hot water, electricity, light and power, and other service or services furnished to the Premises or the occupants thereof during the Term of this Lease.

  
 (d) To procure any licenses and permits and comply with all
registration requirements required for any use made of the Premises by Tenant. 
  
 (e) To keep and maintain the Premises clean and free from rubbish, trash and garbage, and reasonably free of snow and ice; to store all trash and garbage on the Premises and arrange for regular pick-up thereof; and to
maintain the Premises clean and neat in appearance. 
  
 (f) Not to
burn any trash on or near the Premises or cause any offensive odors to be emitted from the Premises. 
  
 (g) Not to make any use of the Premises which is improper, offensive or illegal; nor to permit any act or thing to be done on the Premises which shall
constitutes nuisance or which may make void or voidable any insurance on the Premises, and to pay any increased or extra premium payable for any such insurance resulting from any act done by Tenant; nor permit the presence, discharge, disposal,
release, generation, handling, transportation or storage on, from or affecting the Premises of any Hazardous Materials. 
  
 (h) Not to permit or cause to be used on the Premises any device such as a public address system, or any excessively bright lights which change, flash or
flicker, or any similar devices, the effect of which shall be visible or audible from outside of the Premises. 
  
 (i) To pay promptly when due the entire cost of any work to the Premises undertaken by Tenant so that the Premises shall at all times be free of liens for
labor and materials and upon request by Landlord to provide sufficient bonds or other sureties against such liens; to procure all necessary permits before undertaking such work; to do all of such work in a good and 

  

 21 

 
workmanlike manner, employing material of good quality and complying with all governmental requirements; to maintain such insurance, in amounts approved by
Landlord, as will protect it from claims under Worker’s Compensation Acts and other employee benefit acts and as will protect Landlord and Tenant from claims for damages because of bodily injury, including death, and from claims for damages to
property, which may arise out of or in connection with such work whether performed by Tenant or by Tenant’s contractors or subcontractors or anyone directly or indirectly employed by any of them; and to defend Landlord and save Landlord
harmless and indemnified from all injury, loss, liability claims or damage to any person or property and any lien, charge or other claim occasioned by or arising out of such work, including costs and attorneys fees incurred in any such matter or any
enforcement of this indemnity. The foregoing indemnity shall include without limitation indemnity against any claims, suits or proceedings brought by or on behalf of employees of Tenant, Tenant hereby waiving for purposes of this indemnity any
immunity under the Workers’ Compensation Acts. 
  
 (j) To
obey and’ observe (and to cause its employees, contractors, licensees, invitees, subtenants, concessionaires arid all others doing business with Tenant to obey and observe) all reasonable rules and regulations established by Landlord at any
time and from time to time with respect to the Shopping Center, and the use, safety, preservation and maintenance of the Common Areas. 
  
 (k) Not to allow trucks, trailers, vans or freight containers of any kind to remain• in the Shopping Center, except that trucks or similar vehicles,
that are in the Shopping Center for the purpose of making deliveries to or pick—ups from the Premises may remain in the Shopping Center for a period of time that is reasonably necessary to accomplish any -such task. 
  
 (l) To pay all costs and expenses, including reasonable attorneys’ fees,
incurred by Landlord in enforcing the provisions of this Lease in the event of’ any breach or default by Tenant and,’ in addition, to pay to Landlord a late charge equal to five percent (5%) of each payment of Rent or other amount due
hereunder which is not received by Landlord within five (5) days after the same is due and, in addition, to pay interest to Landlord on any such late payments, at the rate of eighteen percent, (18%) per annum, from the date such payment was due, to
and including the date such amount is received by Landlord. 
  
 SECTION 25.
Landlord’s Acknowledgement Regarding Payments and Original Lease. Landlord acknowledges and agrees that: 
  
 (a) Tenant has properly extended the Term under the Original Lease, which extension commenced as of March 1, 2003 and thus, Section 4 of the Original
Lease concerning “Holding Over” was not triggered, and Landlord is not entitled to any additional amount as rent as may be provided under Section 4 of the Original Lease. 
  
 (b) Upon Tenant’s payment to Landlord of Twenty-Five Thousand Eighty-Three and 24/100 Dollars ($25,083.24) pursuant to
Section 5(d) of this Agreement, Landlord is not entitled to any further payments from Tenant either pursuant to (i) the Original Lease or (ii) this Lease in respect of the period beginning on the Commencement Date until the actual date of execution
of this Lease. 
  
 (c) As of the date hereof, there is no existing
default on the part of Tenant, nor is there any state of facts that with notice or passage of time or both would constitute a default on the part of Tenant. 
  

 22 

 SECTION 26. Notices. Every notice, approval, consent or other communication authorized or required by this Lease
shall be in writing and shall be either delivered in person or sent postage prepaid by United States registered or certified mail, return receipt requested, directed, if to Landlord, to it at P.O. Box 1000, Portland, Maine 04104, Attention: Real
Estate Department and if to Tenant, to it at 145 Exchange Street, Bangor, Maine, 04402, Attention: Mr. Jeffrey D. Smith or to such other address as either party may designate by notice. given from time ‘to time in accordance with this Section
25, and any such notice-or other communication shall be deemed to have been given when so delivered or so mailed to the party to whom such notice or other communication shall be addressed. The Rent, Additional Rent or any other amount payable by
Tenant hereunder shall be paid to Landlord at the same place where a notice to Landlord is herein required to be directed. 
  
 SECTION 27. Governing Law. This Lease and the performance of the terms hereof shall be governed, interpreted, construed and regulated by the laws of the State of
Maine. 
  
 SECTION 28. Partial Invalidity. If any term, covenant, condition
or provision of this Lease or the application thereof to any person or circumstance shall, at any time or to any extent, be invalid or unenforceable, the remainder of this Lease, or the application of such term or provision to persons or
circumstances other than those as to which it is held invalid or unenforceable, shall not be affected thereby, and each term, covenant, condition and provision of this Lease shall be valid and enforceable to the fullest extent permitted by law.

  
 SECTION 29. Subordination. (a) This Lease shall, at the election of
Landlord, be subject and subordinate to all ground or underlying leases or subleases that include the Premises, including, without limitation, sale leaseback lease or leaseback leases to which Landlord is or may become a party as a tenant or a
subtenant thereunder, and to all mortgages, in all amounts and all advances thereon, which may now or hereafter lien the Premises, and to all renewals, replacements, modifications, consolidations and extensions of any thereof. 
  
 (b) The provisions of paragraph (a) immediately above shall be self-operative
upon the election of Landlord and no further instrument of subordination shall be required in order to effect such subordination; provided, however, as a condition of such subordination, Landlord shall obtain for Tenant, from the holder., of the
instrument to which this Lease is to be subordinated, an agreement to the effect that for so long as Tenant shall not be in default of its obligations under this Lease, Tenant’s use and occupancy of the Premises in accordance with this Lease
shall not be disturbed by reason of the exercise by such holder of any of its rights under the instrument to which this Lease is to be subordinated. If Landlord or the holder of any mortgage or of any lessor’s interest in any ground or
underlying leases or subleases affecting the Premises requests confirmation of the subordination provided for in paragraph (a), Tenant shall, without charge therefore, promptly execute and deliver to Landlord or to such holder, as the case may be,
any certificate or instrument which Landlord or such holder may at any time request in connection therewith. 
  
 (c) The term “mortgage” as used in this Lease shall include a mortgage, a deed of trust, a deed to secure debt and any other conveyance or
agreement for security purposes, which may now or hereafter affect the real property and/or the improvements thereto of which the Premises form a part. The term “mortgagee” and/or “holder of a mortgage” as used in this Lease
shall include the holder of or the beneficiary under, as the case may be, a mortgage, deed of trust, deed to secure debt or any other conveyance or agreement for security purposes, which may now or 

  

 23 

 
hereafter affect the real property and/or the improvements thereto of which the Premises form a part. 
  
 SECTION 30. Interpretation. Wherever herein the singular number is used, the same
shall include the plural, and the masculine gender shall include the feminine and neuter genders, and vice versa, as the context shall require. The section headings used herein are for reference and convenience only, and shall not enter into the
interpretation hereof. This Lease may be executed in several counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. 
  
 SECTION 31. Entire Agreement. This instrument contains the entire and only agreement between the parties and no oral statements or
representations or prior written matter not contained in this instrument shall have any force or effect. Tenant agrees that it is not relying on any representations or agreements other than those contained in this Lease. This Agreement shall not be
modified or cancelled except by writing subscribed by all parties. The submission of this document for examination and negotiation does not constitute an offer to lease, or a reservation or an option for, the Premises, and this document shall become
effective and binding only upon execution and delivery hereof by both Landlord and Tenant. 
  
 SECTION 32. Parties. Except as herein otherwise expressly provided, the covenants, conditions and agreements contained in this Lease shall bind and inure to the benefit of Landlord and Tenant and their
respective heirs, successors, administrators and assigns. Nothing in this Section shall be deemed to authorize or permit any assignment or other transfer, in whole or in part, of the interest of Tenant in violation of any other provisions contained
in this Lease. 
  
 SECTION 33. Exoneration of Landlord; Landlord Default.
(a) Tenant agrees that Landlord shall not be liable to Tenant or anyone claiming under Tenant for any damage to property or injury. (including death) to any person on Or near the Premises that has been occasioned by or through (1) the acts or
omissions of other tenants (or those claiming under such tenants) in the Shopping Center; (ii) failure of the water supply or of any other utility serving the Premises; (iii) the action, whether direct or indirect, of the elements; (iv) malicious
mischief or vandalism;, or (v’) any other cause whatsoever unless the same shall be caused by or result from the affirmative acts or negligence of Landlord. 
  
 (b) Tenant agrees that Landlord shall not be in default of any of its obligations hereunder unless such default shall remain
uncured for more than thirty (30) days following Landlord’s receipt of written notice from Tenant specifying the nature of such default, or for such longer period as may be reasonably required to correct such default. Furthermore, if Landlord
shall contest such notice of default, in good faith, it shall not be deemed to be in default hereunder unless Landlord’s default shall have been finally determined by a court of competent jurisdiction and Landlord shall have failed to cure such
default within fifteen (15) days after such final determination, or within such longer period as may be reasonably required to correct such default. 
  
 SECTION 34. Estoppel Certificates. The Tenant agrees, at any time, and from time to time,. upon not less than ten (10) days’ prior request by Landlord, to
execute, acknowledge and deliver to Landlord a statement in writing certifying, if such be the case, that, this Lease is unmodified and in full force and effect (or, if there have been modifications, stating the modifications, and that the Lease as
modified is in full force and effect), and that there. are no defenses or offsets thereto then accrued, or stating those claimed by Tenant, and the dates to which the Rent and 

  

 24 

 
other charges have been paid, it being intended that any such statement delivered pursuant to this Section 34 may be relied upon by any prospective purchaser
of, or any prospective holder of a mortgage upon the fee of the Premises, or by any other properly interested party. 
  
 SECTION 35. Landlord’s Consent. It is agreed that in any provision of this Lease requiring the consent or approval of Landlord, unless such provision provides
that such consent or approval shall not be unreasonably withheld, such consent or approval maybe granted or withheld in Landlord’s sole judgment and discretion. 
  
 SECTION 36. Jury Trial Waiver. LANDLORD AND TENANT WAIVE THE RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, OR
RELATED TO, THE SUBJECT MATTER OF THIS LEASE. THIS WAIVER IS KNOWINGLY, INTENTIONALLY, AND VOLUNTARILY MADE BY TENANT AND TENANT ACKNOWLEDGES THAT NEITHER LANDLORD NOR ANY PERSON ACTING ON BEHALF OF LANDLORD HAS MADE ANY REPRESENTATIONS OF FACT TO
INDUCE THIS WAIVER OF TRIAL BY JURY OR IN ANY WAY TO MODIFY OR NULLIFY ITS EFFECT. TENANT FURTHER ACKNOWLEDGES THAT IT HAS BEEN REPRESENTED (OR HAS HAD THE OPPORTUNITY TO BE REPRESENTED) IN THE SIGNING OF THIS LEASE AND IN THE MAKING OF THIS WAIVER
BY INDEPENDENT LEGAL COUNSEL, SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL. TENANT FURTHER ACKNOWLEDGES THAT IT HAS READ AND UNDERSTANDS THE MEANING AND RAMIFICATIONS OF THIS WAIVER PROVISION
AND AS EVIDENCE OF THIS FACT, TENANT OR TENANT’S AUTHORIZED REPRESENTATIVE SHALL INITIAL THIS PROVISION BELOW. 
  

	
	
	  
	 Initials of Tenant’s
 Authorized
Representatives

  
 SECTION 37. Memorandum of
Lease. Landlord agrees, upon request by Tenant to execute a Memorandum of this Lease in recordable form containing the information required by 33 M.R.S.A. Section 201, but excluding any financial terms. 
  

 25 

 IN WITNESS WHEREOF, the parties hereto have caused this instrument to be duly executed as of the day and
year first above written. 
  

									
	 WITNESS:
	 	 	 	 HANNAFORD BROS. INC.

				
	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 Title:
	 	 
			
	 	 	 	 	 UNITEDKINGFIELD BANK

				
	 	 	 	 	By:	 	 
	 	 	 	 	 	 	 Title:

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