Document:

EX-10.5.1

 

EXHIBIT 10.5.1

FIRST AMENDMENT

TO THE EMPLOYMENT AGREEMENT FOR

CHARLES J. DESIMONE, JR.

     WHEREAS, Charles J. DeSimone, Jr. (the “Executive”) currently serves as Senior Vice President of
Rockville Bank (the “Bank”) pursuant to the Employment Agreement by and among, the Bank, Rockville
Financial, Inc. (the “Company”) and the Executive effective as of May 20, 2005;

     WHEREAS, Bank, the Company and the Executive wish to amend the term of the Employment Agreement,
subject to the conditions contained herein;

     NOW, THEREFORE, BE IT RESOLVED, that the parties hereby agree as follows:

     1. Effective as of December 22, 2006, Section 2 of the Employment Agreement is hereby amended in
its entirety to read as follows:

     “2. Term.

     Effective as of December 22, 2006, the term of employment of Executive under this
Agreement (the “Term”) shall be the period commencing on the Effective Date and ending on
January 2, 2008, except that the Term will end at a date prior to the end of such period or
extension thereof, specified in Section 6 or 7 in the event of termination of Executive’s
employment. The foregoing notwithstanding, in the event there occurs a Potential Change in
Control during the period of 60 days prior to January 2, 2008, the Term shall be extended
automatically at that January 2 by an additional period such that the Term will extend
until the 180th day following such Potential Change in Control.”

     2. This First Amendment shall supersede the provisions of the Employment Agreement to the extent
those provisions are inconsistent with the provisions of this First Amendment. Executive
acknowledges that Executive has received good and valuable consideration from the Company and/or
Bank for this Amendment, and has had an opportunity to discuss this Amendment with advisors of
Executive’s choosing.

 

 

     IN WITNESS WHEREOF, the Executive has hereunto set his hand and the Bank and the Company have
each caused this First Amendment to be duly executed on this ___day of December, 2006.

	 	 	 	 	 
	 	 	ROCKVILLE FINANCIAL, INC
	 
	 	 	 	 
	 

	 	BY:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	ROCKVILLE BANK
	 
	 	 	 	 
	 

	 	BY:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	EXECUTIVE
	 
	 	 	 	 
	 	 	 
	 	 	Charles J. DeSimone, Jr.EX-4.B

 

EXHIBIT 4(b)

DUSA Pharmaceuticals, Inc.

(formerly known as Deprenyl USA, Inc.)

a New Jersey corporation

NON-TRANSFERABLE CLASS B WARRANT

	 	 	 	 	 
	Class B	 	 	 	 
	Warrant	 	Number of	 	Date of
	Certificate No.	 	Warrants	 	Issue
	4
	 	250,000
	 	1/28/92

THIS CERTIFIES THAT, for value received

D. GEOFFREY SHULMAN, MD, FRCPC

or registered assigns (the “Registered Holder”) is the owner of the number of Non-transferable
Class B Warrants (the “Class B Warrants”) specified above. Each Class B Warrant initially entitles
the Registered Holder to purchase subject to the terms and conditions set forth in this Class B
Warrant Certificate (the “Certificate) one (1) fully paid and non-assessable share of Common Stock,
no par value, of DUSA Pharmaceuticals, Inc., a New Jersey corporation (the “Company”), at any time
prior to the Expiration Date (as hereinafter defined) upon the presentation and surrender of the
Certificate with the Subscription Form attached hereto duly executed at the corporate offices of
the Company, 25 Upton Drive, Wilmington, Massachusetts 01887, accompanied by payment of the
Canadian dollar equivalent on the date of issue of this Certificate of U.S. $6.00 per share of
Common Stock based on the Bank of Canada’s noon rate of exchange on such date (the “Class B Warrant
Exercise Price”) in lawful money of Canada in cash or by official bank or certified check made
payable to the Company. The Company may, at its election, reduce the purchase price, subject to
any applicable regulatory requirements.

     This Certificate and each Class B Warrant represented hereby are issued pursuant to and are
subject in all respects to the terms and conditions set forth herein.

     These Class B Warrants are non-transferable and will not be listed or included for trading by
the Company on any stock exchange or other organized market for securities.

     In the event of a merger, consolidation, reclassification, recapitalization, or other similar
transaction, the Class B Exercise Price or the number of shares of Common Stock subject to purchase
upon the exercise of each Class B Warrant represented hereby are subject to modification or
adjustment, as set forth in the agreement dated January 17, 1992 between the Company and its
warrant agent, American Stock Transfer and Trust Company (the “Warrant Agreement”),

     The Class B Warrants represented hereby are exercisable at the option of the Registered
Holder, but no fractional shares of Common Stock will be issued and the Registered Holder
understands and agrees that such holder will not be entitled to any cash payment or other form of
compensation in respect of a fractional share of Common Stock that might otherwise have been
issued. In the case of the exercise of less than all the Class B Warrants represented hereby, the
Company shall cancel this Certificate upon the surrender hereof and shall execute and deliver a new
Class B Warrant Certificate or Class B Warrant Certificates of like tenor for the balance of such
Class B Warrants.

 

 

     The term “Expiration Date” shall mean 5:00 p.m., Eastern Standard Time, on January 29, 2011.
If such date shall in the State of New York or the Province of Ontario be a holiday or a day on
which the banks are authorized to close, then the Expiration Date shall mean 5:00 p.m., Eastern
Standard Time, the next following day which in the State of New York and the Province of Ontario is
not a holiday or a day on which the banks are authorized to close. The Company may at its election
extend the Expiration Date, subject to any applicable regulatory requirements.

     The Company shall not be obligated to deliver any securities pursuant to the exercise of any
Class B Warrants represented hereby in the United States unless a registration statement under the
Securities Act of 1933, as amended, with respect to such securities is effective. The Company has
consented and agreed that it will use its reasonable best efforts to file a registration statement
and to cause the same to become effective and to keep such registration statement current while any
of the Class B Warrants are outstanding. Any Class B Warrant represented hereby shall not be
exercisable by a Registered Holder in any state of the United States or province of Canada where
such exercise would be unlawful.

     Prior to the exercise of any Class B Warrant represented hereby, the Registered Holder shall
not be entitled to any rights as a shareholder of the Company, including, without limitation, the
right to vote or to receive dividends or other distributions and shall not be entitled to receive
any notice of any proceedings of the Company except as provided by the Warrant Agreement.

     Prior to due presentment for registration hereof, the Company may deem and treat the
Registered Holder as the absolute owner hereof and of each Class B Warrant represented hereby,
(notwithstanding any notations of ownership or writing thereon made by anyone other than a duly
authorized officer of the Company) for all purposes and shall not be affected by any notice to the
contrary.

     This Certificate shall be governed by and construed in accordance with the laws of the State
of New Jersey.

     This Certificate is not valid unless countersigned by the President of the Company and
attested by the Secretary or Assistant Secretary.

     The Company may delegate its duties as warrant agent hereunder to such other company engaged
in the business of corporate stock transfer as the Company sees fit. The Company will give notice
of such delegation to the Registered Holder at his last known address.

     IN WITNESS WHEREOF, the Company has caused this Certificate to be duly executed, manually or
in facsimile by two of its officers thereunto duly authorized and a facsimile of its corporate seal
to be imprinted hereon.

	 	 	 	 	 
	 	DUSA PHARMACETICALS, INC.

 	 
	 	By:  	 	 
	 	 	Robert F. Doman, President and COO 	 
	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Nanette W. Mantell, Secretary 	 
	 	 	 	 

-2-

 

	 	 	 	 	 

SUBSCRIPTION FORM

To Be Executed by the Registered Holder

in Order to Exercise Class B Warrants

     The undersigned Registered Holder hereby irrevocably elects to exercise, upon the terms and
subject to the conditions set forth herein and in the Warrant Agreement dated January 17, 1992,
Class B Warrants represented by this Class B Warrant Certificate and to purchase the securities
issuable upon the exercise of such Class B Warrants, and requests that certificates for such
securities shall be issued in the name of

 
(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER)

 

 

 
(PLEASE PRINT OR TYPE NAME AND ADDRESS)

and be delivered to

 

 

 
(PLEASE PRINT OR TYPE NAME AND ADDRESS)

and if such number of Class B Warrants shall not be all the Class B Warrants evidenced by this
Class B Warrant Certificate, that a new Class B Warrant Certificate for the issuance of such Class
B Warrants be registered in the name of, and delivered to, the Registered Holder at the address
stated below.

-3-

 

     In full payment of the Purchase Price with respect to the Class B Warrants exercised, the
undersigned hereby tenders payment of $                                         in cash or by official bank or certified check, payable in
United States currency to the order of DUSA Pharmaceuticals, Inc., and undertakes to provide to the
Warrant Agent any additional tax or charge within five (5) business days hereof.

	 	 	 
	Dated:
	 	 
	 

	 	 
(Signature)
	 
	 	 
	Certificate Nos:
	 	 
	 

	 	 
(Name — Please Print)
	 
	 	 
	Number of Warrants:
	 	 
	 

	 	 

	 
	 	 
	 

	 	 
(Address)
	 
	 	 
	 

	 	 
Taxpayer Identification Number
	 
	 	 
	 

	 	 
Signature Guaranteed
	 
	 	 
	 

	 	 

-4-

 

ASSIGNMENT

To Be Executed by the Registered Holder

in order to Assign Class B Warrants

     FOR VALUE RECEIVED,                                          hereby sells, assigns, and transfers unto

 
(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER)

 

 

 
(PLEASE PRINT OR TYPE NAME AND ADDRESS)

                                         of the Class B Warrants
represented by this Class B Warrant Certificate, and hereby irrevocably constitutes and appoints

 

 

Attorney to transfer this Class B Warrant Certificate on the books of the Company, with full power
of substitution in the premises.

	 	 	 
	Dated:
	 	 
	 

	 	 
(Signature)
	 
	 	 
	Certificate Nos:
	 	 
	 

	 	 
(Name — Please Print)
	 
	 	 
	Number of Warrants:
	 	 
	 

	 	 

	 
	 	 
	 

	 	 
(Address)
	 
	 	 
	 

	 	 
Taxpayer Identification Number
	 
	 	 
	 

	 	 
Signature Guaranteed
	 
	 	 
	 

	 	 

THE SIGNATURE TO THIS ASSIGNMENT OR THE SUBSCRIPTION FORM MUST CORRESPOND TO THE NAME AS
WRITTEN UPON THE FACE OF THIS CLASS B WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION
OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST
COMPANY OR A MEMBER FIRM OF THE AMERICAN STOCK EXCHANGE, NEW YORK STOCK EXCHANGE, PACIFIC STOCK
EXCHANGE, MIDWEST STOCK EXCHANGE, OR TORONTO STOCK EXCHANGE.

-1-

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