Document:

Exhibit 4.2

 

ISDA®

 

International
Swaps and Derivatives Association, Inc.

 

NOVATION
AGREEMENT

 

dated
as of March 5, 2010 among:

 

GE
CAPITAL CREDIT CARD MASTER NOTE TRUST (the “Remaining
Party”),

THE
ROYAL BANK OF SCOTLAND N.V. (the “Transferor”)
AND

THE ROYAL
BANK OF SCOTLAND PLC (the “Transferee”)

 

The parent group of the Transferee has agreed, pursuant to a separate
agreement, to purchase the wholesale businesses of the Transferor. The Transferor and the
Remaining Party have entered into one or more Transactions as identified in Exhibit 1
(each an “Old Transaction”), each evidenced by a
Confirmation which, for the avoidance of doubt, shall include, without
limitation, any master confirmation agreement or long-form confirmation which
may or may not reference a master agreement (an “Old
Confirmation”) subject to a 2002 ISDA Master Agreement dated as of June 30,
2005 (the “Old Agreement”). Pursuant to the
terms of this Novation Agreement (the “Agreement”), the Remaining Party and the
Transferee have entered into a New Agreement (as defined below).

 

With
effect from and including March 8, 2010 (the “Novation
Date”) the Transferor wishes to
transfer by novation to the Transferee, and the Transferee wishes to accept the
transfer by novation of, all the rights, liabilities, duties and obligations of
the Transferor under and in respect of each Old Transaction, with the effect
that the Remaining Party and the Transferee enter into a new transaction (each
a “New Transaction”) between them having
terms identical to those of each Old Transaction, as more particularly
described below.

 

The
Remaining Party wishes to accept the Transferee as its sole counterparty with
respect to the New Transactions.

 

The
Transferor and the Remaining Party wish to have released and discharged, as a
result and to the extent of the transfer described above, their respective
obligations under and in respect of the Old Transactions.

 

Accordingly,
the parties agree as follows: ---

 

1.     Definitions.

 

Terms
defined in the ISDA Master Agreement (Multicurrency-Cross Border) as published
in 2002 by the International Swaps and Derivatives Association, Inc., (the
“2002 ISDA Master Agreement”) are used
herein as so defined, unless otherwise provided herein.

 

2.     Transfer, Release, Discharge and Undertakings.

 

With
effect from and including the Novation Date and in consideration of the mutual
representations, warranties and covenants contained in this Novation Agreement
and other good and valuable consideration (the receipt and sufficiency of which
are hereby acknowledged by each of the parties):

 

(a)                                  the Remaining Party and the
Transferor are each released and discharged from further obligations to each
other with respect to each Old Transaction and their respective rights against
each other thereunder are cancelled, provided that such release and discharge
shall not affect any rights, liabilities or obligations of the Remaining Party
or the Transferor with respect to payments or other obligations due and payable
or due to be performed on or prior to the Novation Date, and all 

 

 

such payments and obligations shall be paid or
performed by the Remaining Party or the Transferor in accordance with the terms
of the Old Transaction;

 

(b)                                 in respect of each New
Transaction, the Remaining Party and the Transferee each undertake liabilities
and obligations towards the other and acquire rights against each other
identical in their terms to each corresponding Old Transaction (and, for the
avoidance of doubt, as if the Transferee were the Transferor and with the
Remaining Party remaining the Remaining Party, save for any rights, liabilities
or obligations of the Remaining Party or the Transferor with respect to
payments or other obligations due and payable or due to be performed on or
prior to the Novation Date);

 

(c)                                  each New Transaction shall be
governed by and form part of the New Agreement and the relevant Old
Confirmation (which, in conjunction and, as deemed modified to be consistent
with this Novation Agreement and as set out further in Section 3 of Exhibit 2,
shall be deemed to be a Confirmation between the Remaining Party and the
Transferee);

 

(d)                                 any fees payable by any party
in connection with the transfer by Novation under this Agreement shall be
confirmed separately between such parties; and

 

(f)                                    in
relation to the Novation of any Old Transaction, any mandatory or optional
early termination or other break clause (or any clause having an equivalent
effect) specified in the corresponding Old Confirmation shall continue in full
force after the Novation Date, and such mandatory or optional
early termination or other break clause shall not be affected or modified by
the Novation.

 

3.     Creation of the New Agreement.

 

With respect to the Old Agreement, a new
contract, instrument or, as applicable, arrangement (the “New Agreement”)
shall be deemed, with effect from and including the date of the Remaining Party’s
signature to this Agreement, to have been entered into between the Transferee
(taking the position in the New Agreement as taken by the Transferor in the Old
Agreement) and the Remaining Party (taking the same position in the New
Agreement as it took in the Old Agreement) having identical terms to the Old
Agreement, subject to the amendments described in Exhibit 2 to this
Agreement as if the Transferee and the Remaining Party had entered into the New
Agreement on the date of the Remaining Party’s signature to this Agreement.

 

4.     Equivalent
Credit Support.

 

The
parties shall put into place, or procure the putting into place of, Equivalent
Credit Support on or before the Novation Date.

 

“Equivalent
Credit Support” means, arrangements of an equivalent nature entered into or, as
applicable, issued or granted in respect of the New Agreement which governs the
New Transaction(s) corresponding to the relevant Old Transaction(s) (without
duplication), except for the changes that are necessary to reflect, or are a
natural consequence of, the fact that the Transferee is to be substituted for
the Transferor for all purposes, including any changes required to be made such
that:

 

(i)            the Transferee is the
beneficiary; and

 

(ii)           the obligations of the
Remaining Party which are supported and are the subject of this Agreement are
to be obligations owed to the Transferee pursuant to this Agreement.

 

5.     Representations
and Warranties.

 

(a)             On the date of this Novation Agreement and
on each Novation Date:

 

(i)        Each of the parties makes to
each of the other parties those representations and warranties set forth in Section 3(a) of
the 2002 ISDA Master Agreement with references in such Section to “this
Agreement” or “any Credit Support Document” being deemed references to this
Novation Agreement alone.

 

 

(ii)       The Remaining Party and the
Transferor each makes to the other, and the Remaining Party and the Transferee
each makes to the other, the representation set forth in Section 3(b) of
the 2002 ISDA Master Agreement, in each case with respect to the Old Agreement
or the New Agreement, as the case may be, and taking into account the parties
entering into and performing their obligations under this Novation Agreement.

 

(iii)      Each of the Transferor and the
Remaining Party represents and warrants to each other and to the Transferee
that:

 

(A)       it has made no prior transfer
(whether by way of security or otherwise) of the Old Agreement or any interest
or obligation in or under the Old Agreement or in respect of any Old
Transaction; and

 

(B)       as of the Novation Date, all
obligations of the Transferor and the Remaining Party under each Old
Transaction required to be performed on or before the Novation Date have been
fulfilled.

 

(b)             The Transferor makes no representation or
warranty and does not assume any responsibility with respect to the legality,
validity, effectiveness, adequacy or enforceability of any New Transaction or
the New Agreement or any documents relating thereto and assumes no
responsibility for the condition, financial or otherwise, of the Remaining
Party, the Transferee or any other person or for the performance and observance
by the Remaining Party, the Transferee or any other person of any of its
obligations under any New Transaction or the New Agreement or any document
relating thereto and any and all such conditions and warranties, whether
express or implied by law or otherwise, are hereby excluded.

 

6.     Counterparts.

 

This Novation Agreement (and each
amendment, modification and waiver in respect of it) may be executed and
delivered in counterparts (including by facsimile transmission), each of  which will be deemed an original.

 

7.     Costs and
Expenses.

 

The Transferee will pay all costs and
expenses of the Remaining Party.

 

8.     Amendments.

 

No amendment, modification or waiver in
respect of this Novation Agreement will be effective unless in writing
(including a writing evidenced by a facsimile transmission) and executed by
each of the parties or confirmed by an exchange of telexes or electronic
messages on an electronic messaging system.

 

9.     (a)         
Governing Law.

 

This Novation Agreement will be governed by and
construed in accordance with the laws of the State of New York without reference
to the conflict of laws provisions thereof.

 

(b)                                 Jurisdiction.

 

The terms of Section 13(b) of the 2002 ISDA
Master Agreement shall apply to this Novation Agreement with references in such
Section to “this Agreement” being deemed references to this Novation
Agreement alone.

 

10.   Limitation of Liability of Trustee.

 

It is expressly understood and agreed by the parties
hereto that (a) this Novation Agreement is executed and delivered by BNY
Mellon Trust of Delaware, not individually or personally but solely as Trustee
of the Remaining Party, in the exercise of the powers and authority conferred
and vested in it, (b) each of the representations, undertakings and
agreements herein made on the part of the Remaining Party is made and 

 

 

intended not as personal representations, undertakings
and agreements by BNY Mellon Trust of Delaware but is made and intended for the
purpose of binding only the Remaining Party, (c) nothing herein contained
shall be construed as creating any liability on BNY Mellon Trust of Delaware,
individually or personally, to perform any covenant either expressed or implied
contained herein, all such liability, if any, being expressly waived by the
parties hereto and by any Person claiming by, through or under the parties
hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware
be personally liable for the payment of any indebtedness or expenses of the
Remaining Party or be liable for the breach or failure of any obligation,
representation, warranty or covenant made or undertaken by the Remaining Party
under this Novation Agreement or any other related documents.

 

 

IN
WITNESS WHEREOF the parties have executed this Novation Agreement on the
respective dates specified below with effect from and including the Novation
Date.

 

 

GE
CAPITAL CREDIT CARD MASTER NOTE TRUST

By:  BNY Mellon Trust of Delaware, not in its
individual capacity but solely as Trustee

 

 

	
  /s/
  Kristine K. Gullo

  	
   

  
	
   

  	
   

  
	
  Date:

  	
   

  	
   

  
	
  Name:

  	
  Kristine
  K. Gullo

  	
   

  
	
  Title:

  	
  Vice
  President

  	
   

  

 

 

THE
ROYAL BANK OF SCOTLAND PLC

By
RBS SECURITIES INC, as its agent

 

	
  /s/
  Deborah Pfeifer

  	
   

  
	
   

  	
   

  
	
  Date:

  	
   

  
	
  Name:
  Deborah Pfeifer

  	
   

  
	
  Title:
  Senior Vice President

  	
   

  

 

 

THE
ROYAL BANK OF SCOTLAND N.V.

 

	
  /s/ Frederick P. Engler

  	
   

  	
  /s/ Aiden Harmston

  
	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
  Date:

  
	
  Name: Frederick P. Engler

  	
   

  	
  Name: Aiden Harmston

  
	
  Title: Senior Vice President

  	
   

  	
  Title: Vice President

  

 

 

EXHIBIT
1

 

	
  Full Legal Name

  	
   

  	
  Trade Date

  	
   

  	
  Effective

  Date

  	
   

  	
  Maturity

  Date

  	
   

  	
  Trn# (Internal)

  	
   

  	
  Nominal

  currency

  	
   

  	
  Initial Notional

  Amount

  	
   

  	
  Current Notional

  Amount (leg 1)

  	
   

  	
  Current Notional

  Amount (leg 2)

  	
   

  	
  Trade

  typology

  	
   

  
	
  GE Capital Credit Card Master Note Trust,
  Series 2005-3 (Class C)

  	
   

  	
  6/28/2005

  	
   

  	
  6/30/2005

  	
   

  	
  6/15/2013

  	
   

  	
  11509488

  	
   

  	
  USD

  	
   

  	
  39,375,000.00

  	
   

  	
  39,375,000.00

  	
   

  	
  39,375,000.00

  	
   

  	
  IRS

  	
   

  

 

 

 

EXHIBIT
2

 

AMENDMENTS
TO THE NEW AGREEMENT AND THE CONFIRMATIONS

 

1.             MASTER
AGREEMENT

 

The
parties agree that the New Agreement shall be deemed to be entered into between
the Remaining Party and the Transferee, pursuant to Section 3 of this
Agreement, on identical terms as the Old Agreement, subject to the following
amendments:

 

(a)           Notices

 

Notices or communications to the Transferee (other
than notices with respect to an event of default, termination event or
designation of an early termination date (howsoever described)) to be sent to
the address listed in the Confirmation provided by the Transferee or if prior
to this Confirmation being received, to:-

 

	
  Address:

  	
   

  	
  c/o
  RBS Global Banking & Markets, 280 Bishopsgate, London, EC2M 4RB

  
	
  Attention:

  	
   

  	
  Swaps
  Administration

  
	
  Fax:

  	
   

  	
  020
  7085 5050

  
	
  Telephone:

  	
   

  	
  020
  7085 5000

  

 

Address for notices or communications to the
Transferee for notices with respect to an event of default, termination event
or designation of an early termination date (howsoever described):-

 

	
  Address:

  	
   

  	
  c/o
  RBS Global Banking & Markets, 135 Bishopsgate, London, EC2M 3UR

  
	
  Attention:

  	
   

  	
  Head
  of Legal, Global Banking & Markets

  
	
  Fax:

  	
   

  	
  020
  7085 8411

  

 

With a copy to:

 

	
  Address:

  	
   

  	
  600
  Washington Boulevard, Stamford CT 06901

  
	
  Attention:

  	
   

  	
  Legal
  Department — Derivatives Documentation

  
	
  Telephone:

  	
   

  	
  203
  897 2531/2560

  
	
  Fax:

  	
   

  	
  203
  873 4606

  

 

(b)           Process Agent

 

No process agent shall be appointed with respect to
the Transferee.

 

(c)           Other General Amendments

 

All references (if any) to the name of the Transferor
throughout the Old Agreement shall instead be deemed to be to THE ROYAL BANK OF
SCOTLAND PLC.

 

(d)           Payee Tax
Representations

 

In respect of the New
Agreement, the parties agree that the Transferee shall replace any
representations for the purposes of Part 2(b) (Payee Representations)
of the Schedule with the following in the New Agreement:

 

(a) It is a tax
resident of the United Kingdom.

 

(b) It is a “foreign
person” within the meaning of the applicable U.S. Treasury Regulations
concerning information reporting and backup withholding tax (as in effect on January 1,
2001), unless Party A provides written notice to Party B that it is no longer a
foreign person.

 

 

(c) In respect of each
Transaction it enters into through an office or discretionary agent in the
United States or which otherwise is allocated (in whole or part) for United
States federal income tax purposes to such United States trade or business,
each payment received or to be received by it under such Transaction (or
portion thereof, if applicable) will be effectively connected with its conduct
of a trade or business in the United States; and,

 

(d) In respect of all
Transactions or portions thereof other than as described in clause (c) above,
no such payment received or to be received by it in connection with this
Agreement is attributable to a trade or business carried on by it through a
permanent establishment in the United States and it is fully eligiblef or the
benefits of the “Business Profits” or Industrial and Commercial Profits”
provision, as the case may be, the “Interest” provision or the “Other Income”
provision (if any) of the applicable Specified Treaty with respect to any
payment described in such provisions and received by it in connection with this
Agreement.  For purposes of Payee Tax
Representation (d), “Specified Treaty” means the Income Tax Treaty between the
United Kingdom and the United States of America.

 

2.             AMENDMENTS
TO THE CONFIRMATIONS

 

With
effect from and including the applicable Novation Date, any references
throughout the Old Confirmations to:

 

(i)        the Transferor’s name shall instead be
deemed to be to a reference to THE ROYAL BANK OF SCOTLAND PLC;

 

(ii)       the Transferor acting through any
particular branch or office shall be deemed to be a reference to the Transferee
acting through its London branch;

 

(iii)      details which are personal to the
Transferor (such as company registration numbers, the jurisdiction of its
incorporation, notice details and account details for payments) shall be deemed
to be deleted and replaced with the following (where applicable):

 

	
  (A)

  	
   

  	
  THE
  ROYAL BANK OF SCOTLAND PLC, incorporated as a public limited company under
  the laws of Scotland

  
	
  (B)

  	
   

  	
  Registered
  Office:

  	
   

  	
  36 St
  Andrew Square, Edinburgh EH2 2YB, Scotland

  
	
  (C)

  	
   

  	
  Registered
  number:

  	
   

  	
  90312

  
	
  (D)

  	
   

  	
  Notice
  Details:

  	
   

  	
  With
  respect to a given Transaction as set out in the New Agreement

  
	
  (E)

  	
   

  	
  Account
  Details:

  	
   

  	
  As
  specified in the Transferee’s Standard Settlement Instructions, which will be
  notified to the Remaining Party separately; and

  

 

(iv)      the Old Agreement shall be deemed to be a
reference to the New Agreement.Exhibit 10.1

 

FIRST AMENDMENT TO AGREEMENT AND
PLAN OF MERGER

 

This FIRST AMENDMENT dated as of March 4, 2010 (this “First Amendment”), is
by and between Tower Bancorp, Inc., a Pennsylvania corporation (“Tower”), and First Chester County Corporation, a Pennsylvania
corporation (“First Chester”), and
amends that certain Agreement and Plan of Merger dated as of December 27, 2009
between Tower and First Chester (the “Agreement”).

 

WHEREAS, the Boards of Directors of Tower and First Chester
have determined that it is in the best interests of their respective companies
to amend the Agreement as set forth herein to provide for (i) the merger of FNB
with and into Graystone Bank, with Graystone Bank as the surviving institution,
and (ii) the sale of the American Home Bank Division of FNB at or prior to the
consummation of the Merger.

 

NOW, THEREFORE, in consideration of the mutual covenants,
representations, warranties and agreements contained herein, and intending to
be legally bound hereby, the parties agree as follows:

 

1.                                      Amendment
of the Agreement.  The Agreement
is hereby amended as follows:

 

(a)                                  Section 1.8 of
the Agreement is hereby amended by amending the second paragraph thereof to
read in its entirety as follows:

 

If the Bank Merger is consummated, Section 6.14
of this Agreement shall be applicable and, at the effective time of the Bank
Merger, the directors of Graystone Bank as the surviving bank shall be as
provided in Section 6.14.  However, if
Tower exercises its right under Section 1.10 not to consummate the Bank Merger
immediately upon effectiveness of the Merger, at the Effective Time, the
directors of FNB immediately prior to the Effective Time shall continue to be
the directors of FNB, provided that at the Effective Time the number of
directors serving on the board of directors of FNB shall be increased by one (1)
director and one (1) of the current directors or executive officers of Tower,
selected by the board of directors of Tower and subject to the conditions to
board membership in the bylaws of FNB and applicable law and regulation, shall
be added to the board of directors of FNB.

 

(b)                                 Section 1.10 of
the Agreement is amended to read in its entirety as follows:

 

1.10                        Possible
Alternative Structures.

 

Notwithstanding anything to the contrary contained in this Agreement,
prior to the Effective Time, Tower shall be entitled to revise the structure of
the Merger, including without limitation, by determining not to consummate the
Bank Merger immediately upon effectiveness of the Merger, provided that (i)  there are no adverse Federal or state income
tax or other adverse tax consequences to First Chester shareholders as a result
of the modification; (ii) the consideration to be paid to the holders of First
Chester Common Stock under this Agreement is not thereby changed in kind or
value or reduced in amount; and (iii) such 

 

1

 

modification
will not delay or jeopardize the receipt of Regulatory Approvals or other
consents and approvals relating to the consummation of the Merger, otherwise
delay or jeopardize the satisfaction of any condition to Closing set forth in Article
VII or otherwise adversely affect First Chester or the holders of the First
Chester Common Stock.  The parties hereto
agree to appropriately amend this Agreement and any related documents in order
to reflect any such revised structure.

 

(c)                                  The following
new Section 1.12 is hereby added to the Agreement:

 

1.12                        Bank
Merger.

 

Tower
and First Chester shall use their reasonable best efforts to cause FNB to be
merged with and into Graystone Bank, with Graystone Bank as the surviving
institution (the “Bank Merger”), concurrently with or as soon as practicable
after the Effective Time.  In addition,
as soon as practicable after the execution and delivery of the First Amendment,
Tower will cause Graystone Bank, and First Chester will cause FNB, to execute
and deliver the Plan of Bank Merger substantially in the form of Exhibit F, and any subsequent amendments thereof as
shall be deemed necessary or advisable by Tower to comply with all applicable
regulatory requirements.  The provisions
of Section 6.14 shall be applicable to the Bank Merger.

 

(d)                                 The following
new Section 6.15 is hereby added to the Agreement:

 

6.15                        Sale of
AHB Division.

 

(a)                                  Promptly after the execution
of the First Amendment, First Chester shall use its best efforts, and shall
cause FNB to use its best efforts, to sell, at or prior to the Effective Time,
the American Home Bank Division of FNB, which conducts mortgage-banking
activities and includes, without limitation, the interests of FNB in the Joint
Ventures and activities related thereto (the “AHB Division”), to one or more
purchasers, on terms and conditions acceptable to First Chester and Tower.

 

(b)                                 Promptly after the execution
of the First Amendment, First Chester agrees to engage, or cause FNB to engage,
on terms acceptable to Tower, a financial advisor satisfactory to Tower to
assist in the sale of the AHB Division of FNB. 
First Chester shall consult fully with Tower and keep Tower fully
informed concerning the process and progress of sale efforts, and shall consult
fully with Tower with respect to any proposed sale agreements.  First Chester shall give Tower notice, in
advance whenever feasible, of all meetings and discussions with third parties
related to the sale of the AHB Division and Tower shall have the right to have
its representatives present at all such meetings and discussions.  Neither First Chester nor FNB shall enter
into any sale agreements for the AHB Division without the consent of Tower.

 

2

 

(c)                                  None of the attempt to sell
the AHB Division, the actual sale thereof, nor the effects on First Chester of
such sale, in each case in accordance with this Section 6.15 shall be deemed to
constitute a breach or violation of any representation, warranty, covenant or
agreement of First Chester in this Agreement or a Material Adverse Effect for
purposes of this Agreement.

 

(d)                                 Promptly (but not later than
one Business Day) following the execution and delivery of this First Amendment,
First Chester and Tower shall execute and deliver the Credit Agreement in
substantially the form of Exhibit G hereto, which shall provide for a
credit facility of up to $2 million permitting draws thereunder from time to
time by First Chester for the purpose of contributing additional capital to FNB
in the event that as a result of the attempt to sell the AHB Division, the
actual sale thereof, or the effects on FNB of such sale, in each case in accordance
with this Section 6.15, FNB’s regulatory capital ratios, as reported in FNB’s
quarterly call report, fall below the minimum regulatory capital ratios
applicable to FNB, unless FNB’s Bank Regulator indicates, whether orally or in
writing, that it will not take immediate action to enforce such minimum levels
prior to consummation of the Merger; and shall also provide that the
obligations of First Chester under the Credit Agreement will be secured by a
second lien in favor of Tower in the collateral which secures the obligations
of First Chester to Graystone Bank under that certain Loan Agreement dated November
20, 2009, as amended, between First Chester and Graystone Bank.  Aggregate draws under the foregoing credit
facility shall be limited to an amount equal to the amount of additional
capital required for purposes of satisfying the minimum capital ratios
applicable to FNB.

 

(e)                                  James M. Deitch and Anna
Ruth Smith, AHB Division executives (each an “AHB Executive”), are employed by
First Chester and FNB pursuant to separate employment agreements dated as of September
18, 2008, as amended December 31, 2008 (each an “AHB Executive Employment
Agreement”).  Concurrently with execution
of the First Amendment, Tower shall enter into letter agreements with the AHB
Executives, on terms approved by First Chester and FNB, clarifying the effects
on the AHB Executive Employment Agreements of the efforts to sell the AHB
Division and its potential sale at, or immediately prior to, the Effective Time
pursuant to this Section 6.15, and First Chester and FNB shall execute an
acknowledgement agreeing to the terms of such letter agreements.

 

(e)                                  Section 9.13,
Additional Definitions, of the Agreement is hereby amended as follows:

 

(i)                                           By amending the
definition of the term “Agreement” to read in its entirety as follows:

 

“Agreement” shall
mean this Agreement and Plan of Merger dated as of December 27, 2009 between
Tower and First Chester, as amended by the First Amendment.

 

(ii)                                        By adding the
following defined terms:

 

3

 

“AHB Division” has
the meaning set forth in Section 6.15(a).

 

“AHB Executive” has
the meaning set forth in Section 6.15(d).

 

“AHB Executive Employment
Agreement” has the meaning set forth in Section 6.15(d).

 

“Bank Merger” has the meaning set forth in Section 1.12.

 

“Bank Plan of Merger”
shall mean the plan of merger pursuant to which the Bank Merger shall occur,
substantially in the Form of Exhibit F to this Agreement.

 

“First Amendment”
shall mean the First Amendment to this Agreement dated as of March 4, 2010.

 

(g)                                 The Agreement
is hereby amended by adding thereto new Exhibits F and G as attached to this
First Amendment.

 

2.                                      Provisions
of Agreement; Counterparts.

 

This First Amendment, including Exhibits F and G, shall be part of the
Agreement and the provisions of the Agreement as amended hereby shall be
applicable to this First Amendment. 
Except as specifically provided in this First Amendment and as the
context of this First Amendment otherwise may require to give effect to the
intent and purposes of this Amendment, the Agreement shall remain in full force
and effect without any other amendments or modifications.  This First Amendment may be executed in
counterparts, all of which shall be considered one and the same agreement and
shall become effective when counterparts have been signed by each of the
parties and delivered to the other parties, it being understood that all
parties need not sign the same counterpart.

 

[SIGNATURE PAGE FOLLOWS]

 

4

 

IN WITNESS WHEREOF, Tower Bancorp, Inc. and First Chester County
Corporation have caused this First Amendment to be executed and delivered by
their respective officers thereunto duly authorized as of the date first above
written.

 

	
  ATTEST:

  	
   

  	
  TOWER
  BANCORP, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/
  John B. Waldron

  	
   

  	
  By:

  	
  /s/
  Andrew S. Samuel

  
	
  Secretary

  	
   

  	
   

  	
  Andrew S. Samuel

  
	
   

  	
   

  	
   

  	
  Chairman, President & CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (SEAL)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ATTEST:

  	
   

  	
  FIRST
  CHESTER COUNTY CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/
  Carl Lundblad

  	
   

  	
  By:

  	
  /s/
  John A. Featherman, III

  
	
  Secretary

  	
   

  	
   

  	
  John A. Featherman, III

  
	
   

  	
   

  	
   

  	
  Chairman, President & CEO

  
	
  (SEAL)

  	
   

  	
   

  

 

 

EXHIBIT F

 

FORM OF BANK PLAN OF MERGER

 

1

 

EXHIBIT G

 

FORM OF CREDIT AGREEMENT

 

2

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