Document:

Prepared by MERRILL CORPORATION

Exhibit 10.104  

AMENDMENT NO. 5

TO MASTER LOAN AND SECURITY AGREEMENT  

    This AMENDMENT NO. 5 is dated as of September 18, 2001 (this "Amendment"), and amends the Master Loan and Security Agreement, dated as of December 1, 2000, as
amended (the "Loan and Security Agreement"), and is between NC Capital Corporation and Morgan Stanley Dean Witter Mortgage Capital Inc. 

WITNESSETH:  

    WHEREAS, the parties hereto desire to make a certain amendment to the Loan and Security Agreement as hereinafter set forth; and 

    WHEREAS,
pursuant to Section 11.4 of the Loan and Security Agreement, the parties hereto are permitted to amend the Loan and Security Agreement: 

    NOW
THEREFORE, in consideration of the above recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto
agree as follows: 

    SECTION
1. Definitions. Capitalized terms used herein but not defined shall have the meanings set forth in the Loan and Security
Agreement. 

    SECTION
2. Amendment. The Loan and Security Agreement is hereby amended as set forth below: 

The
definition of the term "Maximum Credit" is hereby amended in its entirety to read as follows: 

"Maximum Credit" shall mean $500,000,000 from the date hereof through and including October 5, 2001, and shall mean at all times thereafter,
$400,000,000, in each case as reduced in accordance with Section 2.1 hereof. 

    SECTION
3. Survival. Except as expressly amended hereby, the Loan and Security Agreement shall continue in full force and effect in
accordance with the provisions thereof and the Loan and Security Agreement is in all respects hereby ratified, confirmed and preserved. This Amendment and all its provisions shall be deemed a part of
the Loan and Security Agreement in the manner and to the extent herein provided. 

    SECTION
4. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. 

    SECTION
5. Governing Law. This Amendment shall be governed by New York law without reference to its choice of law doctrine. 

    SECTION
6. Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one
and the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. 

*
* * 

    IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 5 to be duly executed as of this 18th day of September 2001. 

	 	 	NC CAPITAL CORPORATION
	

 	
 	
By:	

/s/ KEVIN CLOYD   

	 	 	Name: Kevin Cloyd
	 	 	Title:  Executive Vice President

	 	 	MORGAN STANLEY DEAN WITTER

MORTGAGE CAPITAL INC.
	

 	
 	
By:	

/s/ MARC FLAMINO   

	 	 	Name: Marc Flamino
	 	 	Title:  Vice PresidentEXHIBIT 10(a)

                              EMPLOYMENT AGREEMENT

               EMPLOYMENT AGREEMENT (this "Agreement") made as of this 28th day
of September 2001 by and between TRI-STATE INSURANCE AGENCY, INC., a New Jersey
corporation ("Employer"), and George Lista, an individual residing at
________________________(the "Executive").

                              W I T N E S S E T H:

               WHEREAS, pursuant to that certain Stock Purchase Agreement (the
"Stock Purchase Agreement") by and among Sussex Bancorp ("Sussex"), Executive
and George Lista, Sussex is acquiring from Executive and George Lista all of the
common stock of Employer, to operate as a wholly-owned subsidiary of the Sussex
County State Bank (the "Bank");

               WHEREAS, Executive is the Executive Vice President of the
Employer, and his continued services are crucial to the continued success of the
Employer's operation as a subsidiary of the Bank;

               WHEREAS, Sussex desires to retain the Executive's services for
Employer, and Executive wishes to continue his employment with the Employer on
the terms and conditions contained herein;

               NOW, THEREFORE, in consideration of the mutual promises and
undertakings herein contained, the parties hereto, intending to be legally
bound, agree as follows:

     1. Employment and Term.

         (a) Employer hereby employs the Executive as the Chief Operating
Officer of the Employer (the "Position") and the Executive agrees to serve in
the Position, for a term of five

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<PAGE>

(5) years (the "Term"), which shall commence on the date hereof (the "Effective
Date"), and which, subject to paragraphs 1(b), and (c), hereof, shall terminate
on the fifth anniversary of the Effective Date, unless extended pursuant to the
terms hereof. Unless either Executive or Employer give written notice at least
twelve (12) months prior to the end of the Term of their intention not to have
this Agreement renew, this Agreement shall automatically renew for an additional
three (3) year term (the "Additional Term") at the expiration of the Term. For
purposes of this Agreement, the Additional Term shall be considered to be a part
of the Term hereof.

         (b) Employer shall have the right to terminate the Executive's
employment hereunder prior to the fifth anniversary of the Effective Date;
provided, however, that unless such termination is for "cause", as defined
below, Executive shall be entitled to receive his Base Salary (as defined
herein) and all insurance benefits provided on the date of such termination for
the remaining term of this Agreement. In addition, for the remaining term of
this Agreement, Executive shall be entitled to an annual payment equal to the
commissions earned by Executive under Section 3(b) hereof for the proceeding
fiscal year. Such payments shall be made in accordance with Employer's normal
payroll practices. If such termination is for "cause", Executive shall not be
entitled to receive any compensation from and after the date of such
termination; provided, however, that Executive shall be entitled to payments for
periods, or partial periods, that occurred prior to the date of termination and
for which Executive has not yet been paid. For purposes of this Agreement,
"cause" means (i) the Executive's willful and continued failure substantially to
perform the duties of the Position, (ii) fraud, misappropriation or other
deliberate dishonesty of Executive with respect to Employer's business or
property, (iii) the Executive's plea of guilty to or conviction of, or plea of
nolo contendere to, any felony that,

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<PAGE>

in the reasonable judgment of the Board of Directors of Employer (the "Board"),
adversely affects Employer's reputation or the Executive's ability to perform
his duties hereunder; or (iv) Executive's willful violation of (A) any law, rule
or regulation relating to the business of Employer , Sussex or the Bank, or (B)
final cease-and-desist order issued by or regulatory consent agreement with any
regulatory agency having jurisdiction over the Company, the Bank or Sussex.

         (c) This Agreement shall terminate upon Executive's death or his
disability, as defined herein. Upon Executive's death or his disability, the
obligation of Employer hereunder to pay Executive the compensation called for
under Section 3 hereof shall terminate, and Employer's only obligation shall be
to pay Executive any and all benefits to which Executive was entitled at the
time of such death or disability under any benefit plans of Employer then in
place. For purposes of this Agreement, the term "disability" shall mean
Executive's inability to substantially perform his material duties as prescribed
in this Agreement due to his incapacity or disability, physical or mental, for a
period of six (6) consecutive months.

     2. Duties.

         (a) Subject to the ultimate reasonable control and discretion of the
Board of Directors of Employer, the Executive shall serve in the Position and
perform all duties and services as Chief Operating Officer of the Employer. In
such capacity, Executive shall have full authority over the day to day business
operations of the Employer, subject to the ultimate authority of the Board of
Directors, shall have the authority to retain and terminate personnel, set
compensation, determine the product lines offered by the Employer and insurance
companies with whom Employer conducts business and generally have the authority
to manage the operations of the Employer as its Chief Operating Officer.

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<PAGE>

         (b) The Executive shall devote all of the Executive's professional time
and attention to the performance of the Executive's duties hereunder and, during
the term of the Executive's employment hereunder, shall not engage in any other
business enterprise which, in the reasonable, good faith opinion of the Board,
interferes with Executive's performance of the duties set forth in subparagraph
(a) above. The foregoing shall not prevent the Executive's purchase, ownership
or sale of investment securities or of any interest in, any business which
competes with the business of Employer, provided that such ownership or
investment constitutes not more than five percent of the outstanding shares of a
corporation whose stock is listed on a National Securities Exchange or on the
National Association of Securities Dealers Automated Quotation System, or the
Executive's involvement in charitable or community activities, provided that the
time and attention which the Executive devotes to such activities does not
materially interfere with the performance of the Executive's duties hereunder.

3. Compensation.

     (a) For all services to be rendered by the Executive under this Agreement,
Employer agrees to pay the Executive a salary of $120,000 annually, to be paid
in equal monthly installments (the "Base Salary");

     (b) In addition to the compensation provided for under subparagraph (a)
hereof, Executive shall be entitled to receive personal commissions on the sale
of insurance products actually placed by Executive as the agent of record of 40%
of the gross commissions earned by Employer on such sales.

     (c) In addition to the compensation provided for under subsections (a) and
(b) hereof, Executive shall be entitled to a bonus (the "Bonus") to be paid
annually equal to 25% of the amount by which the net before tax net income of
the Employer as a subsidiary of the Bank

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<PAGE>

for each twelve (12) month period of this Agreement exceeds the following:

          (i)   In the first twelve (12) month period after the Closing (as
                defined under the Stock Purchase Agreement), $175,000;

          (ii)  For the second twelve (12) month period after the Closing,
                $192,500;

          (iii) For the third twelve (12) month period after the Closing,
                $210,000;

          (iv)  For the fourth twelve (12) month period after the Closing,
                $227,500; provided, however, that in the event Employer's net
                before tax income exceeds $227,500, Executive shall be entitled
                to a bonus equal to 25% of the amount by which the net before
                tax income of the Employer as a subsidiary of the Bank exceeds
                $210,000;

          (v)   For the fifth twelve (12) month period after the Closing,
                $245,000; provided, however, that in the event the Employer's
                net before tax income for the fifth twelve (12) month period
                after the Closing exceeds $245,000, Executive's bonus shall
                equal 25% of the amount by which the net before tax income of
                the Employer as a subsidiary of the Bank exceeds $210,000.

     All Bonuses due hereunder shall be paid through the issuance of the common
stock, no par value (the "Common Stock") of Sussex. In determining the number of
shares to be issued in satisfaction of any Bonus due hereunder, the shares shall
be valued at their then current fair market value at the time of issuance, based
upon the average closing price of the Common Stock in the fifteen (15) trading
days prior to the day before issuance. The shares of Common Stock shall be
issued pursuant to an exemption from registration under the Securities Act of
1933, and shall be subject to restrictions on transfer necessary for the Company
to claim such exemption. In addition, the certificates representing such shares
of Common Stock shall be legended to indicate that they are so restricted.

     The net income of the Employer for purposes of determining whether a Bonus
is earned and how much the Bonus shall be shall be determined in accordance with
generally accepted

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<PAGE>

accounting principals consistently applied.

     (d) In addition to the compensation provided for under subsections (a), (b)
and (c), Executive shall be entitled to participate in those employee benefit
plans generally made available to executive officers of Sussex and the Bank.

4. Additional Covenants.

     (a) Confidential Information. Except as required in the performance of his
duties hereunder, the Executive shall not use or disclose to any third party any
Confidential Information (as hereinafter defined) or any know-how or experience
related thereto without the express prior written authorization of the Bank,
either during the term of this Agreement or thereafter. Upon termination of his
employment, the Executive shall leave with Employer all documents and other
items in his possession which contain Confidential Information, and shall be
prohibited from disclosing to any third party any Confidential Information. For
purposes of this paragraph 5(a), the term "Confidential Information" shall mean
all information about Employer, Sussex and/or the Bank or relating to any of
their respective services or any phase of their respective operations not
generally known to any of their competitors and which is treated by Employer,
Sussex and/or the Bank as confidential information, and shall specifically
include all customer lists of Employer, Sussex and/or the Bank.

     The term "Confidential Information" shall not include any of the foregoing
which (i) is in the public domain, (ii) is in Executive's lawful possession
prior to a disclosure thereof and not subject to a confidentiality agreement or
(iii) is hereafter lawfully disclosed to Executive by a third party who or which
did not acquire the information under an obligation of confidentiality to
Employer.

     (b) Non-Compete. Executive hereby agrees that for the Covenant Term (as

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<PAGE>

defined below), he will not work for any entity which is engaged in competition
with Employer, Sussex or the Bank as of the Term of this Agreement and as of the
date of its termination nor himself so engage during such Covenant Term,
directly or indirectly, as principal, agent, partner, shareholder, consultant,
or employee, in any such business in competition with Employer, Sussex or the
Bank as of the Term of this Agreement and as of the date of its termination;
provided, however, that the parties agree that those positions listed on
Schedule 4(b) hereto shall not be deemed to be in competition with Employer,
Sussex or the Bank and shall not be prohibited hereunder. For purposes of this
provision, the "Covenant Term" shall mean the Term of this Agreement and, in the
event that Executive has not provided the required notice under Section 1(a)
hereto of his intention not to renew this Agreement, for such additional period
of months as Executive was required to give notice under Section 1(a) and failed
to provide such notice (i.e., should Executive provide notice three (3) months
before the end of the Term that he does not intend for this Agreement to renew
for the Additional Term, the Covenant Term shall be a period of nine (9) months
after the termination of this Agreement); further provided, however, that in the
event Executive's employment is terminated pursuant to Section 1(b) hereof, the
Covenant Term shall be extended to run contemporaneously with the period during
which Executive receives payments under Section 1(b ).

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<PAGE>

     (c) Non-Solicitation.

          (i)   Executive agrees that for a period of six (6) months following
                the termination of this Agreement, he will not recruit for
                employment or induce to terminate his or her employment with
                Employer, Sussex or the Bank any person who is, at the time of
                such solicitation, or who was within thirty (30) days of such
                solicitation, an employee of Employer, Sussex or the Bank.

          (ii)  Executive agrees that for a period of six (6) months following
                the termination of this Agreement, he will not directly or
                indirectly solicit, cause any other person to solicit, or assist
                any other person with soliciting any customer, depositor or
                borrower of Employer, Sussex or the Bank to become a customer,
                depositor or borrower of another financial institution.

     (d) Modification. If a court of competent jurisdiction determines that the
scope, time duration or other limitations of any of the restrictive ovenants
contained in this Section 4 are not reasonably necessary to protect the
legitimate business interests of Employer, Sussex or the Bank, then such scope,
time duration or other limitations will be deemed to become and thereafter will
be the maximum time period or scope which such court deems reasonable and
enforceable.

     (e) Definitions. For purposes of this Section 4, to act "directly or
indirectly" means to act personally or through an associate, affiliate, amily
member or otherwise, as proprietor, partner, shareholder, director, officer,
employee, agent, consultant or in any other capacity or manner whatsoever.

     (f) Specific Performance. Employer and the Executive agree that in the
event of a breach of the provisions of this Section 4, the injury which would be
suffered by Employer, Sussex or the Bank would be of a character which could not
be fully compensated for solely by a recovery of monetary damages. Accordingly,
Executive agrees that in the event of a breach of the terms of this Section 4,
in addition to and not in lieu of any other remedies which Employer may pursue,
Employer shall have the right to equitable relief, including issuance of a
temporary

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<PAGE>

or permanent injunction by any court of competent jurisdiction against the
commission or continuance of any breach of this Section 4.

     5. Notices. Any and all notices, demands or requests required or permitted
to be given under this Agreement shall be given in writing and sent, (i) by
registered or certified U.S. mail, return receipt requested, (ii) by hand, (iii)
by overnight courier or (iv) by telecopier addressed to the parties hereto at
their addresses set forth above or such other addresses as they may from
time-to-time designate by written notice, given in accordance with the terms of
this Section, together with copies thereof as follows: In the case of Executive,
with a copy to:

                             In the case of Employer, with a copy to:

                             Windels Marx Lane & Mittendorf, LLP
                             120 Albany Street, 6th Floor
                             New Brunswick, New Jersey 08901
                             Telecopier No. (732) 846-8877
                             Attention: Robert A. Schwartz

     Notice given as provided in this Section shall be deemed effective: (i) on
the date hand delivered, (ii) on the first business day following the sending
thereof by overnight courier, (iii) on the seventh calendar day (or, if it is
not a business day, then the next succeeding business day thereafter) after the
depositing thereof into the exclusive custody of the U.S. Postal Service or (iv)
on the date telecopied.

     6. Assignability. The services of the Executive hereunder are personal in
nature, and neither this Agreement nor the rights or obligations of Executive
hereunder may be assigned, whether by operation of law or otherwise. This
Agreement shall be binding upon, and inure to

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<PAGE>

the benefit of, Employer and its Successors and assigns. This Agreement shall
inure to the benefit of the Executive's heirs, executors, administrators and
other legal representatives.

     7. Waiver. The waiver by Employer or the Executive of a breach of any
provision of this Agreement by the other shall not operate or be construed as a
waiver of any subsequent or other breach hereof.

     8. Applicable Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New Jersey without giving effect to
principles of conflict of laws.

     9. Entire Agreement. This Agreement contains the entire agreement of the
parties hereto with respect to the subject matter hereof and may not be amended,
waived, changed, modified or discharged, except by an agreement in writing
signed by the parties hereto.

     10. Counterparts. This Employment Agreement may be executed in two or more
counterparts, each of which shall be deemed an original but all of which taken
together shall constitute one and the same instrument.

     11. Amendment. This Employment Agreement may be modified or amended only by
an amendment in writing signed by both parties.

     12. Severability. If any provision of this Employment Agreement shall be
held invalid or unenforceable, such invalidity or unenforceability shall attach
only to such provision, only to the extent it is invalid or unenforceable, and
shall not in any manner affect or render invalid or unenforceable any other
severable provision of this Agreement, and this Agreement shall be carried out
as if any such invalid or unenforceable provision were not contained herein.

     13. Section Headings. The headings contained in this Agreement are solely
for convenience of reference and shall be given no effect in the construction or
interpretation of this Employment Agreement.

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<PAGE>

     14. Fees and Expenses. If any party to this Employment Agreement institutes
any action or proceeding to enforce this Employment Agreement, the prevailing
party in such action or proceeding shall be entitled to recover from the
non-prevailing party all legal costs and expenses incurred by the prevailing
party in such action, including, but not limited to, reasonable attorneys' fees
and other reasonable legal costs and expenses. IN WITNESS WHEREOF, the parties
hereto have executed this Agreement under their respective hands and seals as of
the day and year first above written.

ATTEST:                                     TRI-STATE INSURANCE AGENCY, INC.

___________________________                 By:_________________________________

WITNESS:                                    EXECUTIVE:

                                            /s/ George Lista
---------------------------                 ------------------------------------
                                            George Lista

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