Document:

<PAGE>

                                                                    Exhibit 10.7

                              WESTERN RESERVE BANK

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

                                 EFFECTIVE DATE:

                                  MAY 15, 2003

<PAGE>

                              WESTERN RESERVE BANK

                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

         This Supplemental Executive Retirement Plan is adopted effective May
15, 2003. The Plan is intended to promote the best interests of Western Reserve
Bank (the Company) by enabling the Company to retain and employ those key
employees who have materially contributed, and continue to contribute, to the
success of the business through their outstanding efforts, and to attract
persons of outstanding ability to key management positions.

                                   ARTICLE I

                                   DEFINITIONS

         Whenever used herein, the masculine pronoun shall be deemed to include
the feminine, and the singular to include the plural, unless the context clearly
indicates otherwise. The following definitions shall govern the Plan:

         1.1 "Board of Directors" or "Board" means the Board of Directors of the
Company.

         1.2 "Cause" shall mean and be limited to failure satisfactorily and
faithfully to perform his duties hereunder through act or omission beyond
negligence or bad judgment. Negligence or bad judgment shall not constitute
"cause," so long as such act or omission shall be without intent of personal
profit and is reasonably believed by the Employee to be in or not adverse to the
best interests of the Corporation; or,

         1.3 "Change of Control" shall result if, and shall be deemed to have
occurred on the date of, a transaction pursuant to which either the Company, or
in the event any corporation shall own a majority of the Company's voting
securities, then with respect to such corporation (which corporation for
purposes of this paragraph shall be deemed to be the Company and whose Board
shall be deemed to be the Board of the Company):

             (a) Any person or group (as such terms are used in connection with
                 Sections 13(d) and 14(d) of the Exchange Act) is or becomes the
                 "beneficial owner" (as defined in Rule 13(d)(3) and 13(d)(5)
                 under the Exchange Act), directly or indirectly, of securities
                 of the Company representing 35% or more of the combined voting
                 power of the Company's then outstanding securities;

             (b) A merger, consolidation, sale of assets, reorganization, or
                 proxy contest is consummated and, as a consequence of which,
                 members of the Board in office immediately prior to such
                 transaction or event constitute less than a majority of the
                 Board thereafter;

                                      -1-
<PAGE>

             (c) During any period of 24 consecutive months, individuals who at
                 the beginning of such period constitute the Board (including
                 for this purpose any new director whose election or nomination
                 for election by the Company's stockholders was approved by a
                 vote of at least one-half of the directors then still in office
                 who were directors at the beginning of such period) cease for
                 any reason to constitute at least a majority of the Board; or

             (d) A merger, consolidation or reorganization is consummated with
                 any other corporation pursuant to which the shareholders of the
                 Company immediately prior to the merger, consolidation or
                 reorganization do not immediately thereafter directly or
                 indirectly own more than fifty percent (50%) of the combined
                 voting power of the voting securities entitled to vote in the
                 election of directors of the merged, consolidated or
                 reorganized entity.

                Notwithstanding the foregoing, no trust department or designated
       fiduciary or other trustee of such trust department of the Company or a
       subsidiary of the Company, or other similar fiduciary capacity of the
       Company with direct voting control of the stock shall be treated as a
       person or group within the meaning of Change in Control as defined
       herein. Further, no profit-sharing, employee stock ownership, employee
       stock purchase and savings, employee pension, or other employee benefit
       plan of the Company or any of its subsidiaries, and no trustee of any
       such plan in its capacity as such trustee, shall be treated as a person
       or group within the meaning of Change in Control as defined herein

         1.4 "Disability" means the Employee qualifies for a total disability
benefit under the Company's Long Term Disability Plan.

         1.5 "Effective Date" means May 15, 2003.

         1.6 "Eligible Person" means an employee satisfies the requirements of
Section 2.

         1.7 "Normal Retirement Age" means age 65.

         1.8 "Participant" means an Eligible Person who is participating in the
plan after satisfying the requirements of Section 2.

         1.9 "Plan" shall mean this Western Reserve Bank Supplemental Executive
Retirement Plan, as it may be amended from time to time

         1.10 "Plan Year" means the 12-month period commencing on January 1 and
ending on December 31.

                                      -2-
<PAGE>

                                   ARTICLE II
                                   ELIGIBILITY

         2.1 Eligible Persons. Eligibility for participation in the Plan shall
be limited to employees of the Company who are designated as eligible to
participate by the CEO and approved by the Board, in their sole discretion,
provided however that only highly compensated or key management employees shall
be considered for eligibility. Individuals who are chosen to participate shall
be notified by the Company as to their eligibility to participate in the Plan.

         2.2 Commencement of Participation. The initial group of Eligible
Employees shall begin participation on the Effective Date. Eligible Employees
who become eligible after the initial group shall begin participation in the
Plan on the date chosen by the Board.

         2.3 Termination of Participation. Active participation in the Plan
shall end when a Participant's employment terminates for any reason. Upon
termination of employment, a Participant shall remain an inactive Participant in
the Plan until all of the benefits to which he or she is entitled hereunder have
been paid in full.

                                   ARTICLE III
                                  PLAN BENEFITS

         3.1 Vesting. A Participant shall have a vested and nonforfeitable right
to receive supplemental benefits under this Plan upon the occurrence of one of
the following events:

             (a) Attainment of Retirement Age;

             (b) Termination of employment without Cause;

             (c) Change of Control;

             (d) Disability;

             (e) Death

         3.2 Termination prior to Vesting. A Participant whose employment
terminates either voluntarily, or involuntarily for Cause, prior to being vested
under paragraph 3.1, shall not be entitled to receive a benefit under this Plan.
In the event a Participant is terminated without Cause at anytime, such
Participant shall be entitled, at Participant's election, to: (i) a lump sum
payment equal to the present value of the Normal Retirement Benefit, using
reasonable actuarial assumptions, and assuming that such benefit would be
payable beginning at the later of age 65 or the Participant's current age,
payable within sixty (60) days of termination of employment, or (ii) the Normal
Retirement Benefit payment provided for in Participant's Enrollment and
Designation of Beneficiary Form, with such payments to begin at Participant's
Normal Retirement Age.

                                      -3-
<PAGE>

         3.3 Normal Retirement Benefit. A vested Participant who terminates
employment at or after his Normal Retirement Age shall be entitled, to receive
the Normal Retirement Benefit specified in such Participant's Enrollment and
Designation of Beneficiary Form.

         3.4 Spousal Survivor Benefit.

             (a) If a Participant dies while employed by the Company, the
Participant's spouse shall be entitled to receive an annual benefit equal to
fifty percent (50%) of the Normal Retirement Benefit outlined in Section 3.3.
The payment shall be payable annually to Participant's spouse for life or ten
(10) years, whichever comes first, with 5 payments guaranteed. Such payments
shall begin no later than ninety (90) days after Participant's death. In the
event the Participant's spouse dies prior to receiving 5 payments hereunder, or
Participant dies with no spouse, the contingent beneficiary named by the
Participant shall be entitled to receive a lump sum benefit equal to the present
value of the remaining guaranteed payments (using a 7% interest rate). If no
contingent beneficiary is named by the Participant, such benefit shall be paid
to the Participant's estate. In the event the Participant's spouse dies after
receiving 5 payments hereunder, the survivor payments shall cease and no further
survivor benefit shall be paid.

             (b) If a Participant dies while receiving a Normal Retirement
Benefit under the Plan, the Participant's spouse shall receive the remainder of
the monthly payments due to the Participant as of the date of Participant's
death. In the event the Participant's spouse dies prior to receiving the final
payment hereunder, the payments shall cease and no further monthly payments
shall be paid. In the event that a Participant who is receiving a Normal
Retirement Benefit dies with no spouse, no further benefits shall be paid.

         3.5 Disability. In the event a Participant terminates employment prior
to having attained the Normal Retirement Age as a result of a Disability, such
Participant shall receive, upon attainment of Normal Retirement Age, the Normal
Retirement Benefit, under Section 3.3. The spouse of a disabled Participant
shall be entitled to a spousal survivor benefit under Section 3.4(a) if the
disabled Participant dies prior to reaching age 65. The spouse of a disabled
Participant who is receiving a benefit under this section shall be entitled to a
spousal survivor benefit under Section 3.4(b) if the disabled Participant dies
prior to receiving the final payment hereunder.

         3.6 Change of Control. Upon termination of employment after a Change of
Control, a Participant shall, at Participant's election, be entitled to receive
the Normal Retirement Benefit under Section 3.3 in: (i) a lump sum equal to the
present value of the Normal Retirement Benefit, using reasonable actuarial
assumptions, and assuming that such benefit would be payable beginning at the
later of age 65 or the Participant's current age, payable within sixty (60) days
of termination of employment, or (ii) the Normal Retirement Benefit payment
provided for Participant's Enrollment and Designation of Beneficiary Form, with
such payments to begin at Participant's Normal Retirement Age.

                                      -4-
<PAGE>

         3.7 Tax Withholding. All payments under this Plan shall be subject to
all applicable withholding for state and federal income tax and to any other
federal, state or local tax which may be applicable thereto.

         3.8 Payment to Guardian. If a Plan benefit is payable to a person
declared incompetent or to a person incapable of handling the disposition of the
benefit, the Board may direct payment of such benefit to the guardian, legal
representative or person having the care and custody of such incompetent or
person. The Board may require proof of incompetency, incapacity or guardianship
as it may deem appropriate prior to distribution of the benefit. Such
distribution shall completely discharge the Company and Board with respect to
such benefits.

         3.9 Forfeiture or Suspension of Benefits Notwithstanding any other
provision of this Plan to the contrary, benefits under this Plan shall be
forfeited or suspended as follows:

         (a) No benefits shall be paid if the Participant is discharged from the
Company for Cause.

         (b) No benefits shall be paid if the Participant commits suicide within
the two years after the Participant becomes eligible to participate in the Plan.

(c) No benefits shall be paid to a Participant who terminates from the Company
  and thereafter accepts employment that is competitive to the Company. The
  determination that employment is competitive to the Company shall be made by
  the Committee in its sole discretion. This 3.9(c) shall not apply after a
  Change in Control.

                                   ARTICLE IV
                                 ADMINISTRATION

         4.1 Administration of the Plan. The Plan may be administered by the
Compensation Committee of the Board. In that case, "Committee" shall refer to
the Compensation Committee of the Board. If the Board does not delegate such
administration to the Compensation Committee, "Committee" shall refer to the
Board. The Committee shall have the authority to make, amend, interpret, and
enforce all appropriate rules and regulations for the administration of the Plan
and decide or resolve any and all questions including interpretations of the
Plan, as may arise in connection with the Plan. A majority vote of the Committee
members shall control any decision.

         4.2 Delegation of Administration. The Committee may from time to time,
employ other agents and delegate to them such administrative duties as it sees
fit, and may from time to time consult with counsel who may be counsel to the
Company.

         4.3 Administration Procedures. The Committee may from time to time
establish rules and regulations for the administration of the Plan.

                                      -5-
<PAGE>

         4.4 Binding Effect of Committee Decisions. All determinations of the
Committee shall be binding on all parties. In construing or applying the
provisions of the Plan, the Company shall have the right to rely upon a written
opinion of legal counsel, which may be independent legal counsel or legal
counsel regularly employed by the Company, whether or not any question or
dispute has arisen as to any distribution from the Plan.

                                   ARTICLE V
                                CLAIMS PROCEDURE

         5.1 Claim Denial Procedure. If a claim for benefits under the Plan is
denied in whole or in part, the claimant will be notified by the Committee
within sixty (60) days of the date the claims is delivered to the Committee. A
claim that is not acted upon within sixty (60) days may be deemed by the
claimant to have been denied. The notification will be written in understandable
language and will state:

             (a) Specific reasons for denial of the claim;

             (b) Specific references to Plan provisions on which the denial is
based;

             (c) A description (if appropriate) of any additional material or
information necessary for the claimant to perfect the claim and which such
material or information is necessary; and

             (d) An explanation of the Plan's review procedure.

         5.2 Time Limit for Claim Submission. No claim shall be valid unless it
is submitted within 60 days following the receipt of the disputed Plan benefit
or the denial of a Plan benefit.

         5.3 Review of Claims Denials. Within 60 days after a claim has been
denied, or deemed denied, the claimant or his or her authorized representative
may make a request for a review by submitting to the Committee a written
statement requesting a review of the denial of the claim, setting forth all of
the grounds upon which the request for review is based and any facts in the
support thereof, and setting forth any issues or comments which the claimant
deems relevant to the claim. The claimant may review pertinent documents
relating to the denial. The Committee shall make a decision of review within 60
days after the receipt of the claimant's request for review or receipt of all
additional materials reasonably requested by the Committee from the claimant,
unless an extension of time for processing a review is required, in which case
the claimant will be notified and a decision will be made within 120 days of
receipt of the request for review. The decision will be in writing, and in
understandable language. It will give specific references to the Plan provisions
on which the decision is based. The decision of the Committee on review shall be
final and conclusive upon all persons if supported by substantial evidence.

                                      -6-
<PAGE>

                                   ARTICLE VI
                                  MISCELLANEOUS

         5.4 Nontransferability. The interest of any Participant or beneficiary
under this Plan shall not be transferred or transferable, voluntarily or by
operation of law, by assignment, anticipation, hypothecation, pledge or other
encumbrance, or by garnishment, attachment, levy, seizure or other execution, or
by insolvency, receivership, bankruptcy or other debtor proceeding.

         5.5 Unfunded Plan. This Plan is intended to be an unfunded plan
maintained primarily to provide deferred compensation for a select group of
management or highly compensated employees within the meaning of Sections 201,
301, and 401 of the Employee Retirement Income Security Act of 1974, as amended
(ERISA), and therefore to be exempt from the provisions of Parts 2, 3, and 4 of
Title I of ERISA. No Employee or any other person shall have any interest in any
fund or in any specific asset or assets of the Company by reason of this Plan,
or for any other reason, or have any right to receive any distributions under
the Plan except as and to the extent expressly provided under the Plan.
Employees are general creditors of the Company with regard to the amounts owed
pursuant to the Plan.

         5.6 Binding Effect. This Plan shall be binding upon and inure to the
benefit of the Company, its successors and assigns and Employee and his heirs,
executors, administrators and legal representatives.

         5.7 No Rights as Employee. Nothing contained herein shall be construed
as conferring upon any Employee the right to continue in the employ of the
Company as an employee.

         5.8 Reimbursement of Costs. If the Company, Employee or a successor in
interest to either of the foregoing, brings legal action to enforce any of the
provisions of this Plan, the prevailing party in such legal action shall be
reimbursed by the other party, the prevailing party's costs of such legal action
including, without limitation, reasonable fees of attorneys, accountants and
similar advisors and expert witnesses.

         5.9 Applicable Law. This Plan shall be construed in accordance with and
governed by the laws of the State of Ohio.

         5.10 Entire Agreement. This Plan and any applicable enrollment forms
constitute the entire understanding and agreement with respect to the Plan, and
there are no agreements, understandings, restrictions, representations or
warranties among Employee and the Company other than those as set forth or
provided for therein.

         5.11 Trusts. At its discretion, the Company may establish one or more
trusts, with such trustees as the Board may approve, for the purpose of
providing for the payment of Plan benefits. Such trust or trusts may be
irrevocable, but the assets thereof shall be subject to the claims of the
Company's creditors. To the extent any benefits provided under the Plan are
actually paid from

                                      -7-
<PAGE>

any such trust, the Employer shall have no further obligation with respect
thereto, but to the extent not so paid, such benefits shall remain the
obligation of, and shall be paid by, the Company.

         5.12 Amendment of Plan. This Plan may be amended by the Company at any
time in its sole discretion by resolution by its Board; provided however that no
amendment may reduce a benefit or delay the time at which benefits shall be paid
to a Participant pursuant to the Plan without the consent of the Participant.

         5.13 Key Man Insurance. The Company may purchase and own such key man
life insurance as it chooses on the life of any Participant. Such policies shall
be corporate assets and no Participant, nor his beneficiaries, heirs, assigns,
personal representative or estate, shall have any right to or interest in any
such policy or the proceeds payable thereunder on his death. On death of the
Participant, the proceeds of any such policy shall be payable solely to the
Company.

         5.14 Medical Underwriting. As a condition of becoming a Plan
Participant, each Eligible Employee shall undertake certain medical underwriting
requirements as requested by the Company. The cost of such underwriting shall be
borne by the Company. The specific results of such medical underwriting shall
remain confidential among the Participant, the insurance carrier and the
Company.

         IN WITNESS WHEREOF, the Company has caused this Plan to be executed by
a duly authorized officer effective as of the Effective Date.

                                        WESTERN RESERVE BANK

                                        By: /s/ R. Hal Nichols
                                           ------------------------------------
                                            R. Hal Nichols
                                            Chairman, Compensation Committee

                                      -8-
<PAGE>

                 ENROLLMENT AND DESIGNATION OF BENEFICIARY FORM

ENROLLMENT AUTHORIZATION

PARTICIPANT       EDWARD J. MCKEON
           -----------------------------------------------

DATE OF ENROLLMENT         MAY 15, 2003
                  ----------------------------------------

NORMAL RETIREMENT BENEFIT:

         PAYMENT AMOUNT            THE BENEFIT PAYABLE SHALL BE
                                   EQUAL TO 20% OF PARTICIPANTS BASE
                                   SALARY IN EFFECT AT THE TIME OF
                                   TERMINATION OF EMPLOYMENT.

         PAYMENT PERIOD            TEN (10) YEARS
                                   ------------------------------------------

         THE UNDERSIGNED DULY AUTHORIZED OFFICER OF THE COMPANY HEREBY CERTIFIES
THAT:

EDWARD J. MCKEON MEETS THE REQUIREMENTS FOR PARTICIPATION IN THE
WESTERN RESERVE BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AS SET
FORTH IN PARAGRAPH 2.1 AND HAS BEEN APPROVED BY THE CEO AND THE BOARD
FOR INCLUSION AS A PARTICIPANT.

WESTERN RESERVE BANK

BY:           /S/ P.M. JONES
   --------------------------------------------------

ITS:         CHAIRMAN
    -------------------------------------------------

DATED:       MAY 15, 2003
      -----------------------------------------------

                                      -1-
<PAGE>

DESIGNATION OF BENEFICIARY

         A. Primary Beneficiary. The Participant hereby designates the person(s)
named below to be his or her primary beneficiary and to receive the balance of
any unpaid benefits under the Plan.

<TABLE>
<CAPTION>
Name                     Address                     Percentage of Benefit
----                     -------                     ---------------------

<S>                                                          <C>
                                                                  %
-------------------------------------------------------------------------------

                                                                  %
-------------------------------------------------------------------------------
</TABLE>

         B. Contingent Beneficiary. In the event that the primary beneficiary or
beneficiaries named above are not living at the time of the Participant's death,
the Participant hereby designates the following person(s) to be his or her
contingent beneficiary for purposes of the Plan:

<TABLE>
<CAPTION>
Name                     Address                     Percentage of Benefit
----                     -------                     ---------------------

<S>                                                          <C>
                                                                  %
-------------------------------------------------------------------------------

                                                                  %
-------------------------------------------------------------------------------
</TABLE>

PARTICIPANT:

----------------------------------

                                      -2-<PAGE>
EXHIBIT 10.1

                                 SIXTH AMENDMENT
                          TO REVOLVING CREDIT AGREEMENT

                            Dated as of April 2, 2003

         This Amendment, dated as of April 2, 2003, is entered into between
SECOND BANCORP INCORPORATED, a corporation formed under the laws of the State of
Ohio ("Borrower"), and THE NORTHERN TRUST COMPANY, an Illinois banking
corporation having its principal office at 50 South LaSalle Street, Chicago,
Illinois 60675 ("Lender").

                                    RECITALS:

         A. Borrower and Lender have entered into a Revolving Credit Agreement
dated as of September 15, 1995, a First Amendment thereto dated as of March 11,
1997, a Second Amendment thereto dated as of February 17, 1999, a Third
Amendment thereto dated as of February 16, 2000, a Fourth Amendment thereto
dated as of February 16, 2001 and a Fifth Amendment thereto dated as of April 3,
2002(said Revolving Credit Agreement, as so amended, shall hereinafter be
referred to as the "Agreement"; the terms defined in the Agreement and not
otherwise defined herein shall be used herein as defined in the Agreement).

         B.       Borrower and Lender wish to amend certain provisions of the
                  Agreement.

         C.       Therefore, the parties hereto agree as follows:

                        SECTION 1 AMENDMENTS TO AGREEMENT

         SECTION 1.1 NOTE. Section 1.2 of the Agreement is hereby amended as of
the date hereof by deleting the date "April 2, 2003" in the eleventh and twelfth
lines thereof and replacing such date with "March 31, 2004."

         SECTION 1.2 FORM OF PROMISSORY NOTE. Exhibit A to the Agreement is
hereby amended as of the date hereof to be in the form set forth as Exhibit A
hereto.

                    SECTION 2 REPRESENTATIONS AND WARRANTIES

         To induce Lender to enter into this Amendment, Borrower represents and
warrants to Lender that:

         SECTION 2.1 AUTHORIZATION; NO CONFLICT. The execution and delivery of
this Amendment and the Replacement Note (as hereinafter defined), the borrowings
under the Agreement, as amended hereby, and the performance by Borrower of its
obligations under the Agreement, as amended hereby, and under the Replacement
Note: (a) are within Borrower's powers; (b) have been authorized by all
necessary corporate action; (c) have received any and all necessary governmental
approval; and (d) do not and will not contravene or conflict with any provision
of law or charter or by-laws of Borrower or any agreement affecting Borrower or
its property.

         SECTION 2.2 VALIDITY AND BINDING EFFECT. The Agreement, as amended
hereby, is, and the Replacement Note when duly executed and delivered will be, a
legal, valid and binding obligation of Borrower, enforceable against Borrower in
accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency or other similar laws of general application affecting
the enforcement of creditors' rights or by general principles of equity limiting
the availability of equitable remedies.

                                       26

<PAGE>

                       SECTION 3 CONDITIONS TO AMENDMENTS

         The amendments contemplated by Section 1 hereof are subject to the
satisfaction of each of the following conditions precedent:

         SECTION 3.1 DOCUMENTATION. Lender shall have received all of the
following promptly upon the execution and delivery hereof, each duly executed
and dated the date hereof or such other date as is satisfactory to Lender, in
form and substance satisfactory to Lender and its counsel, at the expense of
Borrower, and in such number of signed counterparts as Lender may request
(except for the Replacement Note, of which only the original shall be signed):

                  (a) Replacement Note. A promissory note of Borrower (the
         "Replacement Note"), substantially in the form set forth as Exhibit A
         hereto.

                  Upon receipt of the Replacement Note, Lender will record the
         aggregate unpaid principal amount of the Replacement Note dated April
         3, 2002 (the "Prior Note") of Borrower issued under the Agreement in
         its records or, at its option, on any schedule attached to the
         Replacement Note as the aggregate unpaid principal amount of the
         Replacement Note. Thereafter, all references in the Agreement and any
         and all instruments or documents provided for therein or delivered or
         to be delivered thereunder or in connection therewith to the Prior Note
         shall be deemed references to the Replacement Note.

                  (b) Resolution; Certificate of Incumbency. A copy of a
         resolution of the Board of Directors of Borrower authorizing or
         ratifying the execution and delivery of this Amendment and the
         Replacement Note and the performance of the Agreement, as amended
         hereby, and the Replacement Note, certified by an appropriate officer
         of Borrower, together with a certificate of an appropriate officer of
         Borrower, certifying the names of the officer(s) of Borrower authorized
         to sign this Amendment, the Replacement Note and all other documents or
         certificates to be delivered hereunder, together with a sample of the
         true signatures of each such person (Lender may conclusively rely on
         such certificate until formally advised by a like certificate of any
         changes therein).

                  (c) Governing Documents. A certificate signed by an
         appropriate officer of Borrower to the effect that there have been no
         amendments to the Articles of Incorporation or the By-laws of Borrower
         since September 15, 1995 (or, if there have been any such amendments,
         copies thereof, certified by an appropriate officer of Borrower).

                  (d) Certificate of No Default. A certificate signed by an
         appropriate officer of Borrower to the effect that: (i) as at the date
         hereof, no Event of Default or Unmatured Event of Default has occurred
         and is continuing; and (ii) the representations and warranties of
         Borrower contained in the Agreement and this Amendment are true and
         correct as at the date hereof as though made on that date, except for
         such changes as are specifically permitted under the Agreement.

                  (e) Other. Such other documents and certificates as Lender may
         reasonably request.

         SECTION 3.2 REPRESENTATIONS AND WARRANTIES TRUE; NO DEFAULT.

                  (a) Representations and Warranties True. At the date hereof,
         Borrower's representations and warranties set forth in the Agreement
         and this Amendment shall be true and correct as though made on such
         date, except for such changes as are specifically permitted under the
         Agreement.

                                       27

<PAGE>

                             SECTION 4 MISCELLANEOUS

         This Amendment, the Replacement Note and any other document or
instrument executed in connection herewith shall be governed by and construed in
accordance with the internal laws of the State of Illinois, and shall be deemed
to have been executed in the State of Illinois. Unless the context requires
otherwise, wherever used herein the singular shall include the plural and vice
versa, and the use of one gender shall also denote the other. Captions herein
are for convenience of reference only and shall not define or limit any of the
terms or provisions hereof. This Amendment shall be binding upon and inure to
the benefit of Borrower, Lender and their respective successors and assigns,
except that Borrower may not transfer or assign any of its rights or interest
hereunder without the prior written consent of Lender. Borrower agrees to pay
upon demand up to $2,000 of the expenses (including without limitation
attorneys' fees and legal costs and expenses) incurred or paid by Lender in
connection with the preparation of this Amendment, the Replacement Note and any
other document or instrument to be delivered in connection herewith. Except as
amended hereby, the Agreement shall remain in full force and effect and is
hereby ratified and confirmed in all respects. Each reference in the Agreement
to "this Amendment," "hereunder," "hereof," or words of like import, and each
reference to the Agreement in any and all instruments or documents provided for
in the Agreement or delivered or to be delivered thereunder or in connection
therewith, shall, except where the context otherwise requires, be deemed a
reference to the Agreement as amended hereby.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized as of the date
first written above.

                               SECOND BANCORP INCORPORATED

                               By:
                                  -----------------------------------------
                                      David L. Kellerman

                               Title: Chief Financial Officer and Treasurer

                               THE NORTHERN TRUST COMPANY

                               By:
                                  -----------------------------------------

                               Title:

                                       28

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