Document:

FIRST AMENDMENT TO LEASE AGREEMENT

         THIS FIRST AMENDMENT TO LEASE  AGREEMENT  entered into as of the day of
August,  2000,  by and between PR Reynolds  Co.,  LLC,  successor in interest to
Robert F. Reynolds and Pauline  Reynolds,  with a mailing address of 4423 Silver
Fox Drive, Naples, Florida 34119 ("Landlord");

and

         ARC  Communications,  Inc.,  (formerly known as Arc Slide Technologies,
Inc.) a New Jersey  corporation,  with offices located at 788 Shrewsbury Avenue,
Tinton Falls, New Jersey ("Tenant").

         WHEREAS, Landlord and ARC Slide Technologies,  Inc entered into a lease
agreement dated September 24, 1996 (the "Lease") for the use of certain premises
now  containing  approximately  7,209  square feet of rentable  square feet (the
"Existing Premises") as more particularly described in the Lease; and

         WHEREAS,  the  Tenant  desires  to  lease  additional  space  from  the
Landlord,  consisting  of 1949 square feet of office space,  outside  dimensions
(inclusive  of  a  proportionate  share  of  core  and  common  areas)  as  more
particularly shown on Exhibit "B" attached hereto (the "First Expansion Space");
and

         WHEREAS,  the Tenant and Landlord desire to amend the Lease in order to
provide for the terms of leasing the First  Expansion  Space and to  memorialize
other  changes they have agreed to  concerning  the Lease by entering  into this
First Amendment to Lease.

         NOW,  THEREFORE,  in consideration of terms and conditions  hereof, and
other good and valuable consideration,  the receipt and sufficiency of which are
hereby acknowledged, the Landlord and Tenant agree as follows:

         1.  Certain  Definitions.  Unless  specifically  defined  herein or the
context clearly requires a different meaning,  the words and phrases used herein
that are defined in the Lease and not otherwise  defined in this Amendment shall
have the meanings ascribed to them in the Lease. The term "First Effective Date"
as used herein means the date that Landlord  delivers the First  Expansion Space
to Tenant.  The term of the Lease is hereby  confirmed  as  presently  ending on
November 30, 2001.

         2. First  expansion  space.  Effective as of the First  Effective Date,
Landlord  leases to Tenant and Tenant  hereby  leases  from  Landlord  the First
Expansion Space. As of the First Effective Date, the Premises and all references
thereto  throughout  the Lease shall include the First  Expansion  Space and the
total square footage of the Premises  shall contain 9,158  rentable  square feet
(hereinafter

                                                                          Page I

<PAGE>
referred to as the "Total Leased Space").  The term hereof shall be conterminous
with the term of the  Lease,  as  extended  by  virtue  of the  exercise  of the
Tenant's Option to Renew as more specifically provided below.

         3. Rent. Tenant covenants and agrees to pay to Landlord,  at such place
as Landlord may  designate,  without  deduction  or setoff,  except as otherwise
expressly provided in the Lease, over and above the Rent payable under the Lease
for the Existing  Premises,  additional  rent for the First  Expansion  Space as
follows:

                               (a)  During  the  period  beginning  on the First
                Effective  Date  through  the term of the  Lease,  the sum of $3
                7,031.04 per annum,  in equal monthly  installments of $3,085.92
                each,  in  advance  on the first day of each and every  calendar
                month during said period. Upon execution hereof, Tenant will pay
                to Landlord  the amount  which will be due for the first  months
                rent  beginning on the First  Effective  Date.  In the event the
                First  Effective Date falls on a day other than the first day of
                a month,  then the  payment  due on the  first  day of the first
                month  following  the  First  Effective  Date  will be  adjusted
                proportionally  to reflect  the  portion of the prior  month for
                which  possession  had not been  delivered  to Tenant.

         4. First Expansion Space.  Tenant acknowledges that the First Expansion
Space  is being  delivered  to  Tenant  in a  strictly  "AS IS"  condition.  Any
modifications of the First Expansion Space shall be at the sole cost and expense
of Tenant, and subject to the applicable provisions of the Lease.
         5. First Effective Date.  Landlord and Tenant anticipate that the First
Expansion  Space will be turned  over to Tenant,  and hence the First  Effective
Date will be, on October 1,2000.  In the event the Landlord is unable to deliver
the  First  Expansion  Space  on such  date by  reason  of the  holding  over or
retention of possession by any tenant or occupant,  this First  Amendment  shall
nevertheless  continue in full force and effect,  and no  liability  shall arise
against  Landlord  out of any such delay  beyond the  abatement  of rent for the
First  Expansion  Space until the Landlord is able to deliver  possession of the
First Expansion Space to Tenant;  provided,  however,  in the event Landlord has
not  delivered  possession of the First  Expansion  Space to Tenant on or before
November 1,2000, Tenant may terminate this First Amendment,  in which event this
First Amendment will be deemed null and void and of no further force or effect.

         6.  Utilities.  As  of  the  First  Effective  Date,  it  is  expressly
understood  and  agreed  that  Tenant,  at its sole cost and  expense,  shall be
responsible for the full payment of the following items of service applicable to
its use and  occupancy  of the  First  Expansion  Space  without  any  claim for
contribution or reimbursement by Landlord:

               (a) Electricity separately metered for the First Expansion Space;
               (b) Janitorial  and  cleaning  service  for the  First  Expansion
                   Space,  including  general  building  supplies  and  lavatory
                   supplies;
               (c) Exterminating costs for the First Expansion Space;
               (d) Gas separately metered for the First Expansion Space;
               (e) Any other utilities actually used directly by Tenant.

                                                                          Page 2

<PAGE>

         7.  Brokerage.  Landlord  and Tenant  represent to each other that they
have dealt with no real estate broker or  salesperson  in  connection  with this
Firs  Amendment  to  Lease  Agreement.  Landlord  and  Tenant  further  agree to
indemnify,  defend and hold  harmless the other party form and against all loss,
cost, expense and damage,  including  attorneys fees, arising out fo a breach of
the foregoing  representation.  Landlord shall be solely responsible for any and
all brokerage  commissions which may be due to any broker or salesperson arising
out of the Lease or any brokerage  commission  agreement executed by Landlord in
connection with the Lease.

         8. Security Deposit.  Upon execution  hereof.  Tenant will deposit with
Landlord  $3,085.92  as  additional  security  under  the  Lease,  to be held by
Landlord in  accordance  with the  provisions  of  paragraph 38 of the Lease and
representing the security deposit for the First Expansion Space.

         9. Tenant.  Tenant hereby represents that Tenant hereunder was formerly
known as ARC Slide Technologies, Inc.

         10.  Amendments  to  Lease.   Upon  execution  hereof,   the  following
amendments to the Lease shall simultaneously be effective:

           A. By execution of this First Amendment,  Tenant hereby exercises its
option to renew the Lease pursuant to Paragraph 39 thereof.  Effective  December
1,2001,  the  parties  hereby  agree  that the annual  Renewal  Base Rent on the
Existing  Premises  will be  $136,971.00,  payable  in monthly  installment  of$
11,414.25  each.  Accordingly,  effective  December 1,2001 the Base Rent due and
payable on a monthly basis for the Total Leased Space will be $14,500.17.

           B. Effective  December 1, 2001,  Tenant at its sole cost and expense,
shall be  responsible  for the full  payment of the  following  items of service
applicable to its use and occupancy of the Existing  Premises  without any claim
for contribution or reimbursement by Landlord:

               (a) Electricity separately metered for the Existing Premises;
               (b) Janitorial  and cleaning  service for the Existing  Premises,
                   including general building supplies and lavatory supplies;
               (c) Exterminating costs for the Existing Premises;
               (d) Gas separately metered for the Existing Premises;
               (e) Any other utilities actually used directly by Tenant.

           C.  Simultaneous  with the payment of the rent due  December  1,2001,
Tenant will pay to Landlord an additional $3,003.75  representing the additional
security  deposit due for the Existing  Premises,  bringing  the total  security
deposit held on the Existing Premises to $11,414.25.

           D. Upon execution hereof, as a result of the exercise of the Tenant's
Option to Renew, the term of the Lease is hereby extended to November 30, 2006.

           E.  At any  time  following  execution  hereof.  Landlord  agrees  to
reimburse Tenant up to $15,000.00 towards the cost of tenant  improvements to be
completed by Tenant in the First Expansion  Space.  Reimbursement by Landlord to
the extent of such tenant  improvements shall be made within thirty (30) days of
delivery to Landlord by Tenant of invoices  evidencing such tenant  improvements
along with proof of payment of the same by Tenant.

           F.  Furthermore,  Landlord  agrees  to pay to  Tenant  the  amount of
$10,000.00 to be

                                                                          Page 3
<PAGE>

 used  by  Tenant  towards  the  cost  of   refurbishing   the  Existing  Space.
 Reimbursement  by Landlord to the extent of such  refurbishment of the Existing
 Space shall be made  within  thirty (30) days of delivery to Landlord by Tenant
 of invoices  evidencing such  refurbishment  along with proof of payment of the
 same by Tenant.

           G. On or about December 1, 2001,  Landlord agrees to reimburse Tenant
up to an additional  $15,000.00  towards the cost of tenant  improvements  to be
completed by Tenant in the Existing  Premises.  Reimbursement by Landlord to the
extent of such  tenant  improvements  shall be made  within  thirty (30) days of
delivery to Landlord by Tenant of invoices  evidencing such tenant  improvements
along with proof of payment of the same by Tenant.

           H.  Tenant  hereby  agrees  that  to  the  extent  Tenant  makes  any
modifications,  improvements,  repairs,  or the  like to any of the  mechanical,
electrical, plumbing, or similar services in the Total Leased Space, Tenant will
utilize  subcontractors  specifically  approved  in advance by  Landlord,  which
consent will not be unreasonably withheld.

         11. Sharpe Capital and Other Contiguous  Space. In the event during the
term of the Lease,  the area  presently  rented by Sharpe  Capital  (the "Sharpe
Capital Space")  becomes vacant,  and available for rent, due to the termination
of the Sharpe Capital lease or tenancy, and if at said time, Tenant shall not be
in  default in the  performance  of any of the  material  terms,  covenants  and
conditions of this Lease and this Lease shall not have been terminated and shall
be in full  force and  effect.  Landlord  shall not lease  said space to a third
party  without  first  giving  Tenant  notice of the  availability  ("Notice  of
Availability")   of  said  space.   Tenant  may  then  notify   Landlord  (which
notification  must be given within two weeks of receipt of Landlord's  Notice of
Availability)  in the event  Tenant  wishes to lease all of said  space  (Tenant
shall not have the right to  exercise  its right to lease only a portion of said
space).  In the event  Tenant so notifies  Landlord,  Landlord  and Tenant shall
enter into a Lease Amendment  agreement,  incorporating  the said space into the
Total Leased Space, on the same terms and conditions as provided herein,  except
that the rent to be payable for the Sharpe  Capital space will be at the monthly
rate of $5,750.00,  plus utilities,  plus any escalations  otherwise provided in
the Lease, and the term of which shall be conterminous  with the term hereunder.
Tenant will accept such space in its AS IS condition.  In the event Tenant fails
to exercise its right to  incorporate  said space into its Total Leased Space as
provided herein.  Landlord may rent the said space to any third party or parties
on such terms as are acceptable to Landlord.  Upon  incorporation  of the Sharpe
Capital  space  into the  Total  Leased  Space,  Tenant  will pay an  additional
Security Deposit to Landlord in the amount of $5,750.00, representing the amount
of the monthly Base Rent due for the Sharpe  Capital  space.  In the event other
space  contiguous (the "Other  Contiguous  Space") to the Tenant's space becomes
vacant and  available  for rent.  Landlord will endeavor to notify Tenant of the
availability  of the  Other  Contiguous  Space  so that  Tenant  will  have  the
opportunity  to offer to lease said  space.  Failure of the  Landlord  to notify
Tenant,  however,  shall not constitute a default by Landlord, nor give Tenant's
any rights against Landlord by virtue of such failure.

         12.  Amendment to Paragraph 3.2 of Lease  Paragraph 3.2 of the Lease is
hereby  amended by  changing  the ten (10) days  within  which any  payment  due
Landlord must be paid to seven (7)

                                                                          Page 4
<PAGE>

days. Accordingly, if any payment due Landlord from Tenant shall not be received
by Landlord,  or  Landlord's  designee,  within seven (7) days after such amount
shall be due,  Tenant  shall pay to  Landlord  a late  charge  equal to five (5)
percent of such overdue amount.

         13.  Reaffirmation  and  conflicts.  All of the  terms,  covenants  and
conditions  of the Lease shall  continue in full force and effect,  and the same
are hereby reaffirmed,  remade and rewritten, except to the extent that any such
terms,  covenants or conditions  have been  nullified  hereby or conflict or are
inconsistent with the terms of this Amendment,  in which event the terms of this
Amendment shall, in all respects,  govern and prevail.  Tenant acknowledges that
to the best of its knowledge,  it has no claims,  defenses, or offsets regarding
the  performance  of any of its  obligations  under the  Lease,  nor any  claims
against Landlord or its agents.

         14.  Binding  effect.  This  Amendment  shall be binding upon and shall
inure to the benefit of the parties hereto and their  respective  successors and
assigns.  No reference in the  preceding  sentence to assigns shall be deemed to
authorize any assignment or other transfer, in whole or in part, of the interest
of Tenant  in  violation  of any of the  provisions  of the  Lease.

IN WITNESS  WHEREOF,  Landlord and Tenant have executed this Amendment as of the
date first above written.

WITNESS:                                LANDLORD:
                                        PR Reynolds Co., LLC

/s/ Jay Cusiak                          By: /s/ Robert Reynolds
---------------------                           --------------------------------
Jay Cusiak                                  Robert Reynolds, Member

WITNESS:                                TENANT:
                                        Arc Communications, Inc.

/s/ Linda Gialenella                    By: /s/ Steve Meyer
---------------------                     --------------------------------------
Linda Gialenella                           Steve Meyer, President

                                                                          Page 510.12        EXECUTIVE SUPPLEMENTAL COMPENSATION AGREEMENT

      THIS AGREEMENT is made and entered into this 21st day of November, 2000 by
and between THE FIRST NATIONAL BANK OF LITCHFIELD,  of Litchfield,  Connecticut,
its  subsidiaries  and affiliates  (hereinafter  called the  "Corporation")  and
JEROME  J.   WHALEN  of   Litchfield,   Connecticut   (hereinafter   called  the
"Executive").

W I T N E S S E T H:

      WHEREAS,  the Executive has been in the employ of the  Corporation  and/or
its  subsidiaries  and  affiliates,  and is now serving the  Corporation  as its
President and Chief Executive Officer; and

      WHEREAS,  because of the Executive's  experience,  knowledge of affairs of
the  Corporation,  and reputation and contacts in the industry,  the Corporation
deems the Executive's  employment with the Corporation  important for its future
growth; and

      WHEREAS, it is the desire of the Corporation and in its best interest that
the Executive's service be retained; and

      WHEREAS, in order to induce the Executive to continue in the employ of the
Corporation and in recognition of his past service,  the Corporation has entered
into this  Agreement  to provide him or his  beneficiaries  certain  benefits in
accordance with the terms and conditions hereinafter set forth;

      NOW, THEREFORE,  in consideration of the premises as well as of the mutual
promises and covenants herein contained, it is agreed as follows:

ARTICLE I
---------

      1.1 Employment.  The Corporation may employ the Executive in such capacity
as the  Corporation may from time to time  determine.  Notwithstanding  anything
contained  herein,  this Agreement is not an agreement of employment,  and shall
not be  construed  as such.  Nothing in this  Agreement  shall be  construed  to
constitute or to evidence any agreement or understanding, express or implied, on
the part of  Corporation  to employ  Executive  as an employee  for any specific
period of time,  or on the part of the Executive to remain as an employee of the
Corporation for any specific  period of time.  Nothing herein shall restrict the
right  of the  Executive  to  enter  into  an  agreement  with  the  Corporation
concerning other terms and conditions of his employment.

      The  benefits  provided  by  this  Agreement  are not  part of any  salary
reduction plan or an  arrangement  deferring a bonus or a salary  increase.  The
Executive  has no option to take any  current  payment or bonus in lieu of these
salary continuation benefits.

      1.2 Prior Agreement.  The Split Dollar Agreement  between  Corporation and
Executive  effective  September 1, 1994 is null and void effective  immediately.
The  Corporation  may maintain  ownership of the existing  Security  Denver Life
Insurance  Policy and  Executive  agrees to cooperate in signing such  necessary
documents  as  are  needed  so  as to  transfer  ownership  of  that  policy  to
Corporation.

ARTICLE II
----------

      2.1 Normal  Retirement  Benefits.  If the Executive  shall continue in the
employment of the Corporation  until April 1, 2007  (hereinafter  referred to as
"Normal  Retirement  Date"), he shall be entitled to a Normal Retirement Benefit
commencing on the first day of the month next  following  his actual  retirement
and  continuing  during his  lifetime,  payable  monthly in the annual amount of
sixty  percent (60%) of his Benefit  Compensation  Base  (hereinafter  defined),
reduced by (1) one hundred  percent  (100%) of the  Executive's  Primary  Social
Security  retirement  benefit,  and (2) the annual amount of benefits payable on
the single life annuity basis from the defined  benefit  pension plan maintained
by the  Corporation,  and (3) the annual  amount of  benefits  payable on a life
annuity  basis from a defined  benefit  pension  plan  maintained  by  Lafayette
American Bank (n/k/a "HUBCO").

      Nothing in this section shall require the actual purchase of an annuity or
the surrender of any life insurance contract at retirement.

      2.3 Benefit  Computation  Base. The Executive's  Benefit  Computation Base
shall be the  average  of the five (5)  consecutive  calendar  years  during the
Executive's  period of employment by the Corporation in which his  compensation,
including any bonus, is the highest.

      2.4 Accrued Benefit. As used herein, the term "Accrued Benefit" shall mean
the amount to which the Executive would be entitled under Section 2.1 commencing
at the Normal Retirement Date based on the Benefit  Computation Base on the date
as of which the Accrued  Benefit is to be determined,  multiplied by a fraction,
the  numerator of which is the actual  number of months of  employment  with the
Corporation,  and the  denominator  of which is the  total  number  of months of
employment with the  Corporation  that the Executive would have completed had he
continued employment with the Corporation until the Normal Retirement Date.

      2.5 Optional Forms of Payment.  In lieu of the lifetime  payments provided
in Section  2.1 above,  or  whenever  an Accrued  Benefit is payable  under this
Agreement,  with the consent of the Corporation,  the Executive may elect in the
calendar  year  prior to the

                                      -41-
<PAGE>

calendar  year in which  payments are to begin an optional form of payment which
shall be the actuarial equivalent of the said lifetime payments,  using the same
actuarial factors as used in the Corporation's Defined Benefit Pension Plan.

                                      -42-
<PAGE>

ARTICLE III
-----------

      3.1 Death of  Executive.  Upon the death of the Executive  while  actively
employed by the  Corporation,  the Executive will be entitled to a death benefit
of  $250,000  as  specified  in his Split  Dollar  Agreement  entered  into with
Salisbury  Bank & Trust  Company,  Trustee dated  November 21, 2000.  Should the
Executive die after  termination  of employment  by the  Corporation  but before
receipt of retirement  benefits,  the death benefit  payable to the  Executive's
designated  beneficiary  will be the net present value of his Accrued Benefit at
date of death as defined  in  Section  2.4  calculated  at 5.5% per  annum,  and
utilizing the 1983  individual  annuity  mortality  table.  Said amount shall be
payable by the Employer in one lump sum. Should the Executive die after payments
commence  hereunder,  any  payments  to  survivors  will be  whatever  amount is
provided,  if any, under an optional form of benefit elected pursuant to Section
2.5.

ARTICLE IV
----------

      4.1  Termination  of Service or  Discharge.  Except as provided in Section
4.5,  in the  event  that  prior to  Normal  Retirement  Date,  the  Executive's
employment  with the  Corporation is terminated for any reason other than death,
the Executive shall be entitled to an annual benefit payable monthly  commencing
at the later of the Normal  Retirement Date or his termination of employment and
continuing for his lifetime which shall be his Accrued Benefit as of the date of
his  termination  of employment.  Such Accrued  Benefit shall be multiplied by a
fraction,  the numerator of which is the Executive's  actual number of months of
employment  with the  Corporation  and the denominator of which is the number of
months of employment  that the Executive  would have  completed had he continued
employment with the Corporation until the Normal Retirement Date.

      4.2  Early  Retirement.  The  Executive  may  retire  prior to the  Normal
Retirement  Date and receive an annual  benefit  determined in  accordance  with
Section 4.1,  payable  monthly,  and  continuing  for his  lifetime.  Said early
retirement  and  payments  hereunder  may  commence at any date  approved by the
Corporation,  and shall reflect appropriate  actuarial  adjustments for payments
that commence prior to the Normal Retirement Date.

      4.3 Payment. Benefits payable under this Article Four shall be paid in the
manner provided in Section 2.5.

      4.4 Employment by Competition.  Anything to the contrary in this Agreement
notwithstanding,  in the event of termination of the Executive's employment with
the Corporation  for any reason prior to the Normal  Retirement  Date,  payments
that might otherwise be due and payable prior to the Normal Retirement Date will
be deferred  until the first day of the month next  following  attainment of the
Normal  Retirement  Date should the  Executive  become  employed in any way by a
competitor of the Corporation which has an office within fifty (50) miles of the
corporation within twenty-four (24) months of termination of employment with the
Corporation.

      4.5   Forfeiture.   Anything   to   the   contrary   in   this   Agreement
notwithstanding, benefits under this Agreement shall be forfeited and all rights
of the  Executive  and his  beneficiaries  shall  become  null and void,  if the
Executive's employment is terminated for cause. For this purpose,  "cause" shall
mean conviction by a court of law for fraud,  misappropriation,  embezzlement or
any other crime related to the Corporation.

ARTICLE V
---------

      5.1  Alienability.  Neither  the  Executive,  his  widow,  nor  any  other
beneficiary  under this  Agreement  shall  have any power or right to  transfer,
assign,  anticipate,   hypothecate,  mortgage,  commute,  modify,  or  otherwise
encumber in advance any of the benefits payable hereunder, nor shall any of said
benefits be subject to seizure for the payment of any debts, judgments,  alimony
or separate  maintenance,  owed by the  Executive or his  beneficiary  or any of
them,  or be  transferable  by operation of law in the event of  bankruptcy,  or
otherwise.

                                      -43-
<PAGE>
ARTICLE VI
----------

      6.1  Participation  in Other Plans.  Nothing  contained in this  Agreement
shall be construed  to alter,  abridge,  or in any manner  affect the rights and
privileges  of the  Executive to  participate  in and be covered by any pension,
profit-sharing,  group insurance,  bonus, the Corporation's  contribution to any
401k,  or any other  employee  plan or plans which the  Corporation  may have or
hereafter have.

ARTICLE VII
-----------

      7.1 Funding.  The Corporation  reserves the absolute right at its sole and
exclusive  discretion to insure and otherwise provide for the obligations of the
Corporation  undertaken  by this  Agreement  or to  refrain  from  same,  and to
determine the extent, nature and method thereof,  including the establishment of
one or more trusts.  At no time shall the Executive be deemed to have any right,
title or interest  in or to any  specified  asset or assets of the  Corporation,
trust or escrow arrangement,  including, but not by the way of restriction,  any
insurance or annuity contract or contracts or the proceeds therefrom.

      Any such policy,  contract or asset shall not in any way be  considered to
be security for the performance of the obligations of this Agreement.

      If the Corporation or Trustee purchases a life insurance or annuity policy
or maintains any existing policy on the life of the Executive, he agrees to sign
any papers that may be required for that  purpose and  including  releasing  any
benefits other than $250,000 of life insurance  benefits from such policy and to
undergo any medical  examination or tests which may be necessary,  and generally
cooperate with the Corporation in securing and maintaining such policy.

ARTICLE VIII
------------

      8.1 Reorganization. The Corporation shall not merge or consolidate into or
with another corporation, or reorganize, or sell substantially all of its assets
to another  corporation,  firm or person  unless and until  such  succeeding  or
continuing  corporation,  firm or  person  agrees to assume  and  discharge  the
obligations of the Corporation under this Agreement. Upon the occurrence of such
event, the term "Corporation" as used in this Agreement shall be deemed to refer
to such successor or survivor Corporation.

ARTICLE IX
----------

      9.1 Benefits and Burdens.  This Agreement  shall be binding upon and inure
to the  benefit  of the  Executive  and his  personal  representatives,  and the
Corporation, and any successor organization which shall succeed to substantially
all of its assets and business without regard to the form of such succession.

                                      -44-
<PAGE>

ARTICLE X
---------

      10.1 Communications.  Any notice or communication required of either party
with  respect  to this  Agreement  shall be made in  writing  and may  either be
delivered personally or sent by First Class mail, as the case may be:

      To the Corporation:

      THE FIRST NATIONAL BANK OF LITCHFIELD
      North Street
      Litchfield, CT 06759-0578
      Attn: Corporate Secretary

      To the Executive:

      JEROME J. WHALEN
      24 Baldwin Hill Road
      Litchfield, CT 06759

      Each party  shall have the right by written  notice to change the place to
which any notice may be addressed.

ARTICLE XI
----------

      11.1 Claims Procedure. In the event that benefits under this Agreement are
not paid to the Executive  (or his  beneficiary  in the case of the  Executive's
death), and such person feels entitled to receive them, a claim shall be made in
writing to the Corporation  within sixty (60) days after written notice from the
Corporation to the Executive or his beneficiary or personal  representative that
payments  are not being made or are not being made  under this  Agreement.  Such
claim shall be reviewed by the Corporation.  If the claim is approved or denied,
in full or in part, the  Corporation  shall provide a written notice of approval
or denial within sixty (60) days setting  forth the specific  reason for denial,
specific  reference to the provisions of this Agreement upon which the denial is
based,  and any  additional  material or  information  necessary  to perfect the
claim, if any. Also, such written notice shall indicate the steps to be taken if
a review of the denial is desired. If a claim is denied and a review is desired,
the Executive  (or  beneficiary  in the case of the  Executive's  death),  shall
notify the  Corporation  in writing  within  twenty  (20) days (a claim shall be
deemed denied if the Corporation does not take action within the aforesaid sixty
(60) day period).  In requesting a review,  the Executive or his beneficiary may
review  this  Agreement  or any  document  relating to it and submit any written
issues and comments he or she may feel  appropriate.  In its sole discretion the
Corporation  shall then review the claim and provide a written  decision  within
sixty (60) days. This decision likewise shall state the specific reasons for the
decision and shall include reference to specific provisions of this Agreement on
which the decision is based.

      Any decision of the Corporation shall not be binding on the Executive, his
personal  representative,  or any  beneficiary  without  consent,  nor  shall it
preclude  further  action  by the  Executive,  his  personal  representative  or
beneficiary.

ARTICLE XII
-----------

      12.1 Entire Agreement. This instrument may be altered or amended only by a
written agreement signed by the parties hereto.

      12.2 Jurisdiction.  The terms and conditions of this Agreement are subject
to the laws of the State of Connecticut.

      12.3 Gender.  Any reference in this  Agreement to the  masculine  shall be
deemed to include the feminine.

                                      -45-
<PAGE>

      IN WITNESS  WHEREOF,  the Corporation has caused this Agreement to be duly
executed by its duly  authorized  officer and its Corporate  Seal affixed,  duly
attested by its Secretary,  and the Executive has hereunto set his hand and seal
at Litchfield, Connecticut the day and year first above written.

Witnessed:                                 THE FIRST NATIONAL BANK OF LITCHFIELD

/s/   George M. Madsen
----------------------
Name  George M. Madsen                     By:  /s/Ernest W. Clock
                                                ------------------

/s/  Judith E. Tartaro                     Its
----------------------
Name Judith E. Tartaro                     Duly Authorized Chairman

/s/  George M. Madsen                            /s/ Jerome J.Whalen
---------------------                            -------------------
Name George M. Madsen                            Jerome J. Whalen

/s/ Judith E. Tartaro
---------------------
    Judith E. Tartaro

                                      -46-

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