Document:

Employees' Stock Ownership Plan and Trust

 Exhibit 10.5 
 AMENDMENT NUMBER SEVEN TO 
 FIRST NATIONAL BANK OF
GREENCASTLE 
 EMPLOYEES’ STOCK OWNERSHIP PLAN AND TRUST 
 This amendment is made this 22nd day of September, 2009 but effective August 1, 2009 by Graystone Tower Bank (“Employer”). 

W I T N E S S E T H: 
 WHEREAS, The First National Bank of Greencastle has maintained the First National Bank of Greencastle Employees’ Stock Ownership Plan (“FNBG ESOP”) for eligible employees since January 1, 1986; and 
 WHEREAS, the FNBG ESOP was most recently amended and restated effective January 1, 2002, and amended subsequently for various
compliance and other purposes through the adoption of six separate amendments; and 
 WHEREAS, Graystone Financial Corp.
merged with and into Tower Bancorp, Inc. effective March 31, 2009 and as part of that transaction The First National Bank of Greencastle merged with and into Graystone Bank under the name “Graystone Tower Bank”, effective
March 31, 2009; and 
 WHEREAS, pursuant to the merger the merged banks were re-named Graystone Tower Bank and
Graystone Tower Bank became the Plan Sponsor of the FNBG ESOP; and 
 WHEREAS, Graystone Bank maintained the Graystone
Bank 401(k)/ESOP pursuant to which the Graystone Bank 401(k)/ESOP held stock of Graystone Financial Corp; and 
 WHEREAS,
as a result of the merger of Graystone Financial Corp. with and into Tower Bancorp, Inc. and the merger of The First National Bank of Greencastle with and into Graystone Bank under the name Graystone Tower Bank, the Plan Sponsor desires to make
certain amendments to the FNBG ESOP to reflect the corporate and bank mergers noted above and to also reflect the spinoff and transfer of the employee stock ownership plan assets from the Graystone Bank 401(k)/ESOP to the FNBG ESOP; and 

WHEREAS, Graystone Tower Bank, the new Plan Sponsor by operation of law desires to change the name of the FNBG ESOP to the
Graystone Tower Bank Employees’ Stock Ownership Plan. 
 NOW, THEREFORE, the Employer hereby amends the FNBG ESOP
effective August 1, 2009 as follows: 
  

	 	1.	The name of the FNBG ESOP is hereby changed to the “Graystone Tower Bank Employees’ Stock Ownership Plan”. 

	 	2.	The Plan accepts, effective August 1, 2009, the direct plan to plan transfer of the employee stock ownership plan account balances under the Graystone Bank
401(k)/ESOP into separate transfer accounts for each respective participant whose accounts have been transferred. 

  

	 	3.	The first sentence of Section 1.8 of the Plan is hereby amended as follows: 

  

	 	1.8	“Company Stock” means common stock issued by Tower Bancorp, Inc. or by a corporation which is the Employer or another member of the controlled group of
corporations of which the Employer is a member which is readily tradable on an established securities market. 

  

	 	4.	Section 1.15 of the Plan is hereby amended as follows: 

  

	 	1.15	“Employer” means GRAYSTONE TOWER BANK and any successor which shall maintain this Plan; and any predecessor which has maintained this Plan. Employer shall
also include any Participating Employer who adopts this Plan and who is approved by the Employer to participate in this Plan. 

  

	 	5.	A new Section 1.52 is hereby added to the Plan as follows: 

  

	 	1.52	“Participating Employer” shall mean Tower Bancorp, Inc., Graystone Mortgage, LLC, and any other subsidiary or affiliate of Graystone Tower Bank who adopts
this Plan and who is approved by the Employer to participate in this Plan. 

  

	 	6.	Section 3.1 of the Plan is hereby amended as follows: 

  

	 	3.1	CONDITIONS OF ELIGIBILITY. Any eligible Employee who has completed six (6) months of employment with 500 or more Hours of Service completed and who has attained
age 20 shall be eligible to participate in this Plan, as prescribed in Section 3.2, once such Employee has satisfied such requirements. However, any Employee who was a Participant in the Plan prior to the effective date of this amendment shall
continue to participate in the Plan. If an Eligible Employee does not satisfy the requirement of completing at least 500 Hours of Service in his/her first six (6) months of employment, he/she will be eligible to participate in the Plan, as
prescribed under Section 3.2, once he/she has completed a Year of Service and has attained age 20. 

 For
purposes of this Section 3.1, an Eligible Employee shall receive credit for eligibility purposes for his/her Hours of Service completed with First National Bank of Greencastle or with Graystone Bank provided he/she was employed by either
employer as of March 31, 2009. 
  

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	 	7.	Article II of Amendment Number Two of the Plan is hereby amended in its entirety and replaced by a new Section 4.1(n) of the Plan to read as follows:

  

	 	n.	Dividends on Company Stock credited to Participants’ Accounts which are received by the Trustee in the form of cash shall, at the direction of the Administrator;
(i) be credited to the Participants’ Other Investment Accounts, (ii) be distributed to Participants immediately or within ninety (90) days after the close of the Plan Year in proportion with a Participant’s Company Stock
Account, (iii) be permitted to be credited or paid as described in (i) and (ii) above or reinvested in qualifying employer securities, at the election of the Participant or (iv) be used to make payments on any related Company
Stock acquisition loan. When all or a part of a dividend payment on Company Stock held in the Participants’ Company Stock Accounts is used to reduce the principal and interest due on an acquisition loan, Company Stock with a fair value equal to
or greater than the amount of the dividend used to reduce the principal and interest due on the acquisition loan shall be released from the unallocated suspense account and shall be allocated to the Participants’ Company Stock Accounts.

  

	 	8.	Sections 7.4(b) and 7.4(c) of the Plan shall each be amended by adding the following vesting schedule to apply to all Participants who terminate service with the
Employer after August 1, 2009; 

 Vesting Schedule 
  

				
	 Years of Service
	  	Percentage	 
	 1
	  	20	% 
	 2
	  	40	% 
	 3
	  	60	% 
	 4
	  	80	% 
	 5
	  	100	% 

  

	 	9.	Section 7.4(d) of the Plan shall be amended as follows; 

  

	 	(d)	Notwithstanding the vesting schedule above, the Vested percentage of a Participant’s Account shall not be less than the vested percentage attained as of the later
of the effective date or adoption date of this amendment. For purposes of Sections 7.4(b) and 7.4(c), an Eligible Employee shall receive credit for vesting purposes for his or her Hours of Service completed with The First National Bank of
Greencastle or with Graystone Bank provided he/she was employed by either employer as of March 31, 2009. 

  

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	 	10.	Section 8.2(c) of the Plan shall be amended as follows: 

  

	 	(c)	The Trustee may transfer to a common, collective, pooled trust fund or money market fund maintained by any corporate Trustee or affiliate thereof hereunder, all or such
part of the Trust Fund as the Trustee may deem advisable, and such part or all of the Trust Fund so transferred shall be subject to all the terms and provisions of the common, collective, pooled trust fund or money market fund which contemplate the
commingling for investment purposes of such trust assets with trust assets of other trusts. The Trustee may withdraw from such common, collective, pooled trust fund or money market fund all or such part of the Trust Fund as the Trustee may deem
advisable. 

  

	 	11.	Section 8.3 (n) of the Plan shall be amended as follows: 

  

	 	(n)	To invest in shares of investment companies registered under the Investment Company Act of 1940. 

 In all other respects, the Plan shall remain unchanged and in full force and effect. 
 IN WITNESS WHEREOF, the Employer has caused this Amendment to be executed as of the date set forth herein. 
  

									
		 		 		 	GRAYSTONE TOWER BANK
					
		 		 		 	By:	 	 /s/ Andrew Samuel

		 		 		 		 	Andrew Samuel, President and CEO
			
	TOWER BANCORP, INC.	 		 	GRAYSTONE MORTGAGE, LLC
					
	By:	 	 /s/ Andrew Samuel
	 		 	By:	 	 /s/ Robert Rader

		 	Andrew Samuel, President and CEO	 		 		 	Robert Rader, President

  

 - 4 -Adept Technology, Inc. Fiscal 2010 Performance Program

 Exhibit 10.3 
 ADEPT TECHNOLOGY, INC. 
 FISCAL 2010 PERFORMANCE
PROGRAM 
 1. Purpose. 
 The Adept Technology, Inc. Fiscal 2010 Performance Program (the “Program”), established under the Adept Technology, Inc. 2005 Equity Incentive Plan (the
“Plan”), is intended to provide performance-based compensation to individuals who make a significant contribution to the performance of Adept Technology, Inc. (the “Company”). Program objectives are
to: (a) focus key employees on achieving specific performance targets, (b) reinforce a team orientation through a collective target, (c) provide significant award potential for achieving outstanding performance, and (d) enhance
the ability of the Company to attract and retain highly talented and competent individuals. 
 2. Definitions.

 Defined terms not explicitly defined in this Program but defined in the Plan shall have the same definitions as in the
Plan. 
 “Award” means an award of Restricted Stock granted under the Program covering the number of
Shares set forth in Section 4(a) as applicable. 
 “Board” means the Board of Directors of the
Company. 
 “Certification Date” means the date on which the Committee certifies whether the Performance
Goal has been met. 
 “Code” means the Internal Revenue Code of 1986, as amended, and the regulations
and/or other interpretive authority and guidance issued thereunder. 
 “Committee” means the Compensation
Committee of the Board. 
 “Participants” means John Dulchinos, Lisa Cummins, David Pap Rocki and those
non-executive employees identified by John Dulchinos prior to the Certification Date to collectively receive an aggregate amount of up to 40,000 shares. 
 “Performance Goal” means positive “Adjusted EBITDA” for the Performance Period. “Adjusted EBITDA” means earnings before interest income, income taxes,
depreciation and amortization and goodwill impairment, and stock-based compensation expense under SFAS No. 123(R). 
 “Performance Period” means the period beginning July 1, 2009 and ending June 30, 2010. 

 3. Determination of Awards. 
  

	 	a.	Generally. As soon as practicable after, but on or before the date that is ninety (90) days following, the expiration of the Performance Period, the
Committee shall determine and certify in writing, whether the Company has achieved the Performance Goal. If the Company achieves the Performance Goal, then Participants shall be credited with Awards on the Certification Date in the amounts specified
in Section 4(a). Awards credited on the Certification Date pursuant to this Section 3(a) shall be subject to the vesting schedule set forth in Section 4(b). If the Company does not achieve the Performance Goal, then Participants shall
not be credited with or receive any Awards under the Program. 

  

	 	b.	Change in Control Prior to the Certification Date. If a Change in Control occurs prior to the Certification Date, and provided the Participant remains
continuously employed by the Company until immediately prior to the Change in Control, then, immediately prior to the Change in Control, the Participant shall be credited with a pro-rated number of Shares on such date equal to that number of Shares
set forth next to the Participant’s name in Section 4(a) multiplied by a fraction, the numerator of which is the number of months (rounded up for any partial months) the Participant was employed by the Company during the Performance Period
as of immediately prior to the Change of Control (but in no event shall a Participant be credited with more than the number of months in the Performance Period) and the denominator of which is the number of months in the Performance Period. Shares
received pursuant to this Section 3(b) shall be vested in full as of immediately prior to the Change in Control. 

  

	 	c.	Termination For Any Reason Prior to the Certification Date. Subject to Section 3(b), if a Participant’s employment with the Company terminates prior to
the Certification Date for any reason, then that Participant shall not be credited with or receive any Award under the Program. 

 4. Terms of Awards. 
  

	 	a.	Award Amounts. Provided the conditions specified in Section 3 are met, Participants shall be credited with Awards as follows: 

  

			
	 Name
	  	 Number of Shares

	John Dulchinos	  	60,000
	Lisa Cummins	  	40,000
	David Pap Rocki	  	20,000
	Other select employees identified by CEO	  	Up to 40,000

  

	 	b.	 Vesting. Subject to the Participant’s continuous employment with the Company through the applicable Vesting Date, Awards shall vest over
two years following the Certification Date in equal quarterly installments for on the last day of each quarter following June 30, 2010 through June 30, 2012 (each such date, a “Vesting Date”),

  

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subject to such earlier acceleration as provided in Sections 4(c)(ii) and 4(d). The Shares subject to an Award that vests shall be issued and delivered to Participants (or their heirs in the case
of death) pursuant to Section 4(f). 

  

	 	c.	Effect of Termination of Employment After the Certification Date. 

  

	 	i	If the Participant’s employment is terminated for any reason other than as a result of death or Total and Permanent Disablement prior to the time when the Award is
fully vested, the Participant’s Award shall cease vesting and all unvested Shares underlying the Participant’s Award as of the date of termination shall be forfeited immediately. 

  

	 	ii	If the Participant’s employment is terminated due to death or Total and Permanent Disablement after the Certification Date but prior to the time when the Award is
fully vested, all unvested Shares underlying the Participant’s Award as of the date of termination shall vest immediately as of that date. 

  

	 	d.	Effect of a Change in Control After the Certification Date. If a Change in Control occurs after the Certification Date which results in the Awards being made
hereunder, and provided the Participant remains continuously employed by the Company until immediately prior to the Change in Control, then, as of immediately prior to the Change in Control, all unvested Shares underlying the Participant’s
Award shall vest immediately. 

  

	 	e.	Adjustment of Shares. The number of Shares subject to Awards may be adjusted from time to time for capitalization adjustments in the discretion of the Committee,
as provided in Section 13 of the Plan. 

  

	 	f.	Distribution of Awards. Shares credited to a Participant as an Award shall be distributed to the Participant (or the Participant’s heirs in the case of
death) on the applicable Vesting Date or, if applicable, the events described in Sections 3(b), 4(c)(ii) and 4(d) (but, in the case of an issuance of Shares made on account of a termination due to Total and Permanent Disablement, such issuance shall
occur no earlier than six months and one day after the date of the Participant’s “separation from service” (as defined in Treas. Reg. 1.409A-1(h)) with the Company, except when permitted by Section 409A of the Code).

  

	 	g.	Award Agreements. Each Award shall be evidenced by an award agreement (“Award Agreement”) to be entered into between the Participant and
the Company with such terms and conditions and in such form as the Committee shall determine. Awards shall be subject to the terms and conditions of the Award Agreement, the Program and the Plan. 

 5. Program Administration 
 The Committee shall be responsible for all decisions and recommendations regarding Program administration and retains final authority regarding all aspects of Program

  

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administration, the resolution of any disputes, the interpretation of the Program and any Award Agreement hereunder, and the application of the Program in any respect to a Participant. All
determinations and interpretations made by the Committee in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. The Committee may, without notice, amend, suspend or terminate the
Program; provided, however, that no such action may adversely affect any then outstanding Award without the consent of the Participant, unless such action is necessary to comply with any applicable law, regulation or rule. 
 6. Withholding 
 The Company will have the right to make all payments or distributions or deliver Shares pursuant to the Program to a Participant net of any applicable federal, state and local taxes required to be paid or withheld. The Company will have the
right to withhold from wages or other amounts otherwise payable to such Participant such withholding taxes as may be required by law, or to otherwise require the Participant to pay such withholding taxes. If the Participant fails to make such tax
payments as are required, the Company will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to such Participant or to take such other action as may be necessary to satisfy such
withholding obligations. Unless Participant elects to satisfy any tax withholding obligation by an alternative means as permitted hereby, Participant’s acceptance of an Award constitutes Participant’s instruction and authorization to the
Company to withhold on the Participant’s behalf the number of Shares from those Shares issuable to the Participant at the time when the Award becomes vested as the Company determines to be sufficient to satisfy the tax withholding obligation.

 7. General Provisions. 
  

	 	a.	Non-Exclusivity of Program. The adoption of the Program by the Board shall not be construed as creating any limitations on the power of the Board or the
Committee to adopt such other bonus or incentive compensation arrangements as either may deem desirable, including, without limitation, cash or equity-based compensation arrangements, either tied to performance or otherwise, and any such other
arrangements as may be either generally applicable or applicable only in specific cases. 

  

	 	b.	Limitation on Rights as a Participant. The Company is not obligated to give uniform treatment to Participants under the Program. Participation in the Program as
during the Performance Period does not convey any right to receive any award or to participate in the Program as to any other period. 

  

	 	c.	No Employment or Service Rights. Nothing in the Program or any instrument executed or Award granted pursuant to the Program shall (i) confer upon any
Participant any right to continue to be retained in the employ or service of the Company, (ii) change the at-will employment relationship between the Company and a Participant, or (iii) interfere with the right of the Company to discharge
any Participant or other person at any time, with or without cause, and with or without advance notice. 

  

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	 	d.	Stockholder Rights. No Participant shall be deemed to be the holder of, or to have any of the rights of a holder with respect to, any Shares subject to an Award
(including, without limitation, the right to receive dividends) unless and until such Participant has vested in the Shares subject to the Award and has received delivery of such Shares. 

  

	 	e.	Validity. If any provision of the Program is held invalid, void, or unenforceable, the same will not affect, in any respect whatsoever, the validity of any other
provision of the Program. 

  

	 	f.	Governing Plan Document. The Program is subject to all the provisions of the Plan and is further subject to all interpretations, amendments, rules and
regulations that may from time to time be promulgated and adopted by the Committee, the Board or the Company pursuant to the Plan. In the event of any conflict between the provisions of this Program and those of the Plan, the provisions of the Plan
shall control. 

  

	 	g.	Governing Law. The Program and any Award Agreement hereunder will be interpreted and construed in accordance with the laws of the State of Delaware (without
regard to principles of conflicts of law) and applicable federal law. 

  

	 	h.	Section 409A. To the extent applicable, it is intended that this Program and any Award granted hereunder comply with the requirements of Section 409A
of the Code. Any provision that would cause the Plan or any Award granted hereunder to fail to satisfy Section 409A of the Code shall have no force or effect until amended to comply with Section 409A of the Code, which amendment may be
retroactive to the extent permitted by Section 409A of the Code. 

  

	 	i.	Headings. The headings of the Sections in this Program are inserted for convenience only and shall not be deemed to affect the meaning of this Plan.

 8. Effective Date. 
 This Program was adopted by the Board on November 6, 2009. 
  

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