Document:

Exhibit 10.c

 Exhibit 10(c) 
 FOURTH AMENDMENT TO THE 
 FIRST AMENDED AND RESTATED

 AGREEMENT OF LIMITED PARTNERSHIP OF 
 SAUL SUBSIDIARY II LIMITED PARTNERSHIP 
 THIS FOURTH AMENDMENT TO THE FIRST AMENDED AND
RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF SAUL SUBSIDIARY II LIMITED PARTNERSHIP (this “Fourth Amendment”) is made as of March 5, 2010. 
 WHEREAS, the General Partner has determined it is in the best interests of all of the Partners to increase the percentage rate of the Guaranteed Payment made under Article 5 of the First Amended and
Restated Agreement of Limited Partnership of Saul Subsidiary II Limited Partnership (the “Agreement”) to reflect current market rates, and to clarify the method by which future rates are calculated; and 
 WHEREAS, the Limited Partner agrees to such increase and clarification; and 
 WHEREAS, the General Partner and Limited Partner desire to amend the Agreement to accomplish the same; 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto, intending legally to be bound, hereby agree as follows: 
 1. The first sentence of the
definition of “Guaranteed Payment” is hereby amended in its entirety to read as follows: “Guaranteed Payment” means an amount equal to the product of (x) 11 percent for the year ending December 31, 2009 and
thereafter, a market rate to approximate mezzanize mortgage debt rates (on a quarterly basis) and (y) the invested capital (as hereinafter defined) as of the last day of a calendar quarter of the Partner to whom a Guaranteed Payment is being
made under Section 5.2” 
 2. Except as herein amended, the Agreement is hereby ratified, confirmed and reaffirmed for
all purposes and in all respects. 
 3. This Fourth Amendment shall be effective as of January 1, 2009. 

 Exhibit 10(c) 
 IN WITNESS WHEREOF, the General Partner and Limited Partner have executed this Fourth Amendment effective for all purposes as of the date
first above written. 
  

					
	GENERAL PARTNER:
	
	SAUL CENTERS, INC., a Maryland Corporation
			
		 	By:	 	 /S/ B. Francis Saul III

		 	Name:	 	 B. Francis Saul III

		 	Title:	 	 President

	
	LIMITED PARTNER:
	
	SAUL HOLDINGS LIMITED PARTNERSHIP
		 	By: Saul Centers, Inc., general partner
			
		 	By:	 	 /S/ B. Francis Saul III

		 	Name:	 	 B. Francis Saul III

		 	Title:	 	 PresidentAmendment No. 1 to the Amended and Restated Employee Stock Ownership Plan

 EXHIBIT 10.2.1 
 AMENDMENT NO. 1 
 TO THE CATHAY BANK 
 EMPLOYEE STOCK OWNERSHIP PLAN 
 Cathay Bancorp, Inc. (the “Company”) hereby amends the above-named plan (the “Plan”), effective as of January 1, 2002, as follows: 
 Preamble 
 1. Adoption and Effective Date
of This Amendment. This Amendment to the Plan is adopted to reflect certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”). This Amendment is intended as good faith compliance with the
requirements of EGTRRA and is to be construed in accordance with EGTRRA and guidance issued thereunder. Except as otherwise provided, this Amendment shall be effective as of the first day of the first Plan Year beginning after December 31,
2001. 
 2. Supersession of Inconsistent Provisions. This Amendment shall supersede the provisions of the Plan to the extent those
provisions are inconsistent with the provisions of this Amendment. 
 Section 1. Limitations on Contributions 
 1. Effective Date. This Section shall be effective for limitation years beginning after December 31, 2001. 
 2. Maximum Annual Addition. The annual addition that may be contributed or allocated to a Participant’s account under the Plan for any
limitation year shall not exceed the lesser of: 
 (a) $40,000, as adjusted for increases in the cost-of-living under Section 415(d) of the
Code, or 
 (b) 100% of the Participant’s compensation, within the meaning of Section 415(c)(3) of the Code, for the limitation year.

  

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 The compensation limit referred to in (b) shall not apply to any contribution for medical benefits
after separation from service (within the meaning of Section 401(h) or Section 419A(f)(2) of the Code) which is otherwise treated as an annual addition. 
  

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 Section 2. Increase in Compensation Limit 
 The annual Compensation of each Participant taken into account in determining allocations for any Plan Year beginning after December 31, 2001, shall not
exceed $200,000, as adjusted for cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code. Annual Compensation means Compensation during the Plan Year or such other consecutive 12-month period over which Compensation is
otherwise determined under the Plan (the determination period). The cost-of-living adjustment in effect for a calendar year applies to annual Compensation for the determination period that begins with or within such calendar year. 
 Section 3. Modification of Top-Heavy Rules 
 1. Effective Date. This Section shall apply for purposes of determining whether the Plan is a top-heavy plan under Section 416(g) of the Code for Plan Years beginning after December 31, 2001, and whether the Plan satisfies
the minimum benefits requirements of Section 416(c) of the Code for such years. This Section amends Article VIII of the Plan. 
 2.
Determination of Top-Heavy Status. 
 2.1 Key Employee. Key Employee means any Employee or former Employee
(including any deceased Employee) who at any time during the Plan Year that includes the determination date was an officer of the Company having annual compensation greater than $130,000 (as adjusted under Section 416(i)(1) of the Code for Plan
Years beginning after December 31, 2002), a 5% owner of the Company, or a 1% owner of the Company having annual compensation of more than $150,000. For this purpose, annual compensation means compensation within the meaning of
Section 415(c)(3) of the Code. The determination of who is a Key Employee will be made in accordance with Section 416(i)(1) of the Code and the applicable Regulations and other guidance of general applicability issued thereunder.

 2.2 Determination of Present Values and Amounts. This Section 2.2 shall apply for purposes of determining the
present values of accrued benefits and the amounts of account balances of Employees as of the determination date. 
 2.2.1
Distributions During Year Ending on the Determination Date. The present values of accrued benefits and the amounts of account balances of an Employee as of the determination date shall be increased by the distributions made with respect to
the Employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the one-year period ending on the determination date. The preceding sentence shall also apply to distributions under a terminated

  

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plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than
separation from service, death, or disability, this provision shall be applied by substituting “five-year period” for “one-year period.” 
 2.2.2 Employees not Performing Services During Year Ending on the Determination Date. The accrued benefits and accounts of any individual who has not performed services for the Company during the
one-year period ending on the determination date shall not be taken into account. 
 3. Minimum Benefits. 
 3.1 Matching Contributions. Company matching contributions shall be taken into account for purposes of satisfying the minimum
contribution requirements of Section 416(c)(2) of the Code and the Plan. The preceding sentence shall apply with respect to matching contributions under the Plan or, if the Plan provides that the minimum contribution requirement shall be met in
another plan, such other plan. Company matching contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of
Section 401(m) of the Code. 
 Section 4. Direct Rollovers of Plan Distributions 
 1. Effective Date. This Section shall apply to distributions made after December 31, 2001. 
 2. Modification of Definition of Eligible Retirement Plan. For purposes of the direct rollover provisions in Section 6.6 of the Plan, an
Eligible Retirement Plan shall also mean an annuity contract described in Section 403(b) of the Code and an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or
instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan. The definition of Eligible Retirement Plan shall also apply in the case of a distribution to
a surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relation order, as defined in Section 414(p) of the Code. 
 * * * * * 
  

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 The Company has caused this Amendment No. 1 to be signed on the date indicated below,
to be effective as indicated above. 
  

							
		 	“Company”
		
	Dated: December 12, 2002	 	CATHAY BANCORP, INC.
				
		 	By:	 		 	 /s/    DUNSON K. CHENG

		 		 		 	Dunson K. Cheng
		 		 		 	President
		
	Dated: December 12, 2002	 	CATHAY BANK
				
		 	By:	 		 	 /s/    DUNSON K. CHENG

		 		 		 	Dunson K. Cheng
		 		 		 	President

  

 -5-Amendment No. 2 to the Amended and Restated Employee Stock Ownership Plan

 EXHIBIT 10.2.2 
 AMENDMENT NO. 2 
 TO THE CATHAY BANK 
 EMPLOYEE STOCK OWNERSHIP PLAN 
 Cathay Bancorp, Inc. (the “Company”) hereby amends the above-named plan (the “Plan”), effective as of January 1, 2004, as follows: 
 Section 1. Eligibility 
 Effective as of January 1, 1997, each individual who was
an employee of First Public Savings Bank (“FPSB”) on November 17, 1996, became an Employee on November 18, 1996, and remained an Employee until January 1, 1997, shall receive credit under the Plan for Years of Service such
individual had with FPSB. 
 Effective as of January 1, 2004, each individual who was an employee of General Bank Corporation
(“GBC”) or its Subsidiaries immediately prior to the Effective Time (as such terms are defined in the Agreement and Plan of Merger by and among General Bank, GBC Bancorp, Cathay Bank, and Cathay Bancorp, Inc., dated May 6, 2003),
became an Employee at the Effective Time, and remained an Employee until January 1, 2004, shall receive credit under the Plan for Years of Service such individual had with GBC or its Subsidiaries. 
 * * * * * 
 The
Company has caused this Amendment No. 2 to be signed on the date indicated below, to be effective as indicated above. 
  

							
		 		 	“Company”
			
	Dated: August 25, 2003	 		 	CATHAY BANCORP, INC.
				
		 		 	By:	 	/S/    DUNSON K. CHENG
		 		 		 	Dunson K. Cheng
		 		 		 	President
			
	 Dated: August 25, 2003
	 		 	CATHAY BANK
				
		 		 	By:	 	/S/    DUNSON K. CHENG
		 		 		 	Dunson K. Cheng
		 		 		 	President

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