Document:

EX-10.12

 Exhibit 10.12 

FINAL FORM 

INVESTOR’S RIGHTS AGREEMENT 

This Investor’s Rights Agreement (“Agreement”) is made as of the
l0th day of August, 2018, between LINKBANCORP, Inc., a Pennsylvania corporation (the “Company”), and [***] (the “Investor”). 

W I T N E S S E T H : 

WHEREAS, the Company and the Investor have entered into that certain Subscription Agreement (the “Purchase
Agreement”), dated August 10, 2018 pursuant to which the Company will sell to the Investor, and the Investor will purchase from the Company, shares of the Company’s common stock. 

NOW, THEREFORE, in consideration of the above, and intending to be legally bound hereby, the undersigned agree as follows: 

 

	1.	 Incorporation of Recitals and Defined Terms. The recitals set forth above are a material part of this
Agreement and are hereby adopted and incorporated herein by reference. Capitalized terms not otherwise defined herein have the meaning given to them in the Purchase Agreement. 

 

	2.	 Investor’s Information Right. For so long as the Investor, directly or through one or more
affiliates, continues to hold any common stock purchased pursuant to the Purchase Agreement, without limitation or prejudice of any of the rights provided to the Investor under the Purchase Agreement or any other agreement or otherwise, the Company
shall: 

 (i) provide the Investor or its designated representative with (A) unaudited consolidated balance sheets and
statements of income and cash flows of the Company and its subsidiaries prepared in conformity with generally accepted accounting principles in the United States applied on a consistent basis as of the end of each quarter of each fiscal year of the
Company as soon as practicable after preparation thereof but in no event later than ninety (90) days after the end of such quarter, and (B) audited consolidated balance sheets and statements of income and cash flows of the Company and its
subsidiaries prepared in conformity with generally accepted accounting principles in the United States applied on a consistent basis with respect to each fiscal year end statement, as soon as practicable after preparation thereof but in no event
later than one hundred and twenty (120) days after the end of such fiscal year together with an auditor’s report thereon of a firm of established national reputation; 

(ii) to the extent the Company or any of its subsidiaries is required by law or pursuant to the terms of any outstanding indebtedness of the
Company or any subsidiary to prepare such reports, provide the Investor or its designated representative with any annual reports, quarterly reports and other periodic reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934 or otherwise, actually prepared by the Company or any of its subsidiaries within five 

  
 CERTAIN IDENTIFIED INFORMATION HAS
BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS [***] 

 
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(5) days of a request for such reports by the Investor; provided that, in each case, if the Company makes the information described in clauses (ii) and (iii) of this Section 2 available
through public filings on the EDGAR system or any successor or replacement system of the U.S. Securities and Exchange Commission, the delivery of the information shall be deemed satisfied by such public filings; and 

(iii) make appropriate officers and directors of the Company, and its subsidiaries, available periodically and at such times as reasonably
requested by the Investor for consultation with the Investor or its designated representative, but not more frequently than once per calendar quarter, with respect to matters relating to the business and affairs of the Company and its subsidiaries.

 (iv) provide access to monthly and interim Board reports for the Company and the Bank within five (5) days of a request for such
reports by the Investor, but not more frequently than once per calendar quarter. 
  

	3.	 Registration Right. 

(a) Required Registration. On or before the fifth anniversary of the Closing (the “Filing Deadline”), the Company
shall prepare and file with the Securities and Exchange Commission (the “Commission”) a registration statement covering the shares of Company common stock purchased by the Investor pursuant to the Purchase Agreement (the
“Registrable Securities”). 
 (b) Company Registration. If, but without any obligation to do so, the Company
proposes to effect an underwritten offering of any shares of common stock or other securities issued by it on behalf of itself or any other shareholders of the Company (“Other Securities”) for public sale under the Securities Act of
1933, as amended (the “Securities Act”), (whether proposed to be offered for sale by the Company or by any other person) on a form which would permit registration of Registrable Securities for sale to the public under the Securities
Act prior to the Filing Deadline, then the Company will give the Investor notice thereof (which notice the Investor shall keep confidential) as soon as practicable and upon the written request of the Investor received by the Company within ten
(10) business days after the delivery of the Company’s notice (which request shall specify the number of Registrable Securities intended to be disposed of by the Investor) the Company will use its commercially reasonable efforts to effect
the registration of all Registrable Securities which the Company has been so requested to register by the Investor; provided, that: 
 (i)
the failure of the Investor to respond within such ten (10) business day period shall be deemed to be a waiver of such Investor’s rights under this Section 3(b); 

(ii) if, at any time after giving such notice of its intention to register any Other Securities and prior to the effective date of the
registration statement filed in connection with such registration, the Company shall determine for any reason not to register the Other Securities, the Company may, at its election, give notice of such determination to the Investor, and thereupon
the Company shall be relieved of its obligation to register such Registrable Securities in connection with the registration of such Other Securities; 

  
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 (iii) the Company will not be required to effect any registration of Registrable Securities
requested to be registered pursuant to this Section 3(b) if the Company shall have been advised by the lead underwriter in connection with the public offering of the Other Securities that the number of shares of common stock proposed to be
included in such registration, including all Registrable Securities and all Other Securities proposed to be included in such underwritten offering, exceeds the number of shares of common stock which can be sold in such offering without materially
delaying or jeopardizing the success of such offering and/or that the number of shares of common stock proposed to be included in any such registration would adversely affect the price per share of the common stock to be sold in such offering, in
which case the Company shall include in such registration (i) first, the number of shares of common stock that the Company proposes to sell; (ii) second, as many of the Investor’s Registrable Shares as can be reasonably accommodated
in such registration statement; and 
 (iv) the Company shall not be required to effect any registration of Registrable Securities under this
Section 3(b) incidental to the registration of any of its securities (i) on Form S-8 or any successor form to such Form or in connection with any employee or director welfare, benefit or compensation
plan, (ii) on Form S-4 or any successor form to such Form or in connection with an exchange offer, (iii) in connection with a rights offering exclusively to existing holders of common stock,
(iv) in connection with an offering solely to employees of the Company or its subsidiaries, or (v) relating to a transaction pursuant to Rule 145 of the Securities Act. 

(c) Registration Expenses. The Company shall pay all Registration Expenses (as defined below) with respect to any registration of
Registrable Securities pursuant to this Section 3, regardless of whether the registration statement filed in connection with such registration becomes effective. The Investor shall be solely liable for the payment of any Selling Expenses (as
defined below) applicable to the sale of Registrable Securities by the Investor. “Registration Expenses” means any and all out-of-pocket expenses
incident to the performance of or compliance with Section 3 of this Agreement, including, without limitation, (i) all Commission, Financial Industry Regulatory Authority and securities exchange registration and filing fees, (ii) all
fees and expenses incurred in connection with compliance with state securities or “blue sky” laws (including, without limitation, reasonable fees and disbursements of counsel for any underwriters in connection with “blue sky”
qualifications of the Registrable Securities), (iii) all processing, printing, copying, messenger and delivery expenses, (iv) all fees and expenses incurred in connection with the listing of the Registrable Securities on any securities
exchange, (v) all fees and disbursements of counsel for the Company and of its independent public accountants, and (vi) the fees and expenses of any special experts 

  
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retained by the Company in connection with a registration under this Agreement, but excluding Selling Expenses. “Selling Expenses” means all underwriting discounts or broker
fees, selling commissions or similar fees or arrangements and transfer taxes, if any, applicable to the sale of Registrable Securities by the Investor, and all fees and disbursements of counsel for the Investor. 

 

	4.	 Preemptive Rights. 

(a) Sale of New Securities. For so long as the Investor, together with its affiliates, owns 9.9% or more of all of the outstanding
shares of common stock (before giving effect to any issuances triggering provisions of this Section), if at any time after the date hereof the Company makes any private offering or sale of common stock, or securities convertible into common stock
(any such security, a “New Security”) (other than (i) any common stock or other securities issuable upon the exercise or conversion of any securities of the Company issued or agreed or contemplated to be issued as of the date
hereof, including, for the avoidance of doubt, the exercise of any warrants by certain founding employees of the Company as described in the private placement memorandum delivered to the Investor in connection with the Offering; (ii) pursuant
to the granting or exercise of employee stock options or other stock incentives pursuant to the Company’s stock incentive plans approved by the Board of Directors or the issuance of stock pursuant to the Company’s employee stock purchase
plan approved by the Board of Directors or similar plan where stock is being issued or offered to a trust, other entity or otherwise, for the benefit of any employees, officers or directors of the Company, in each case in the ordinary course of
providing incentive compensation; or (iii) issuances of capital stock as full or partial consideration for a merger, acquisition, joint venture, strategic alliance, license agreement or other similar nonfinancing transaction), then the Investor
shall be afforded the opportunity to acquire from the Company for the same price and on the same terms as such New Securities are proposed to be offered to others, up to the amount of New Securities in the aggregate required to enable it to maintain
its proportionate common stock-equivalent interest in the Company immediately prior to any such issuance of New Securities. The amount of New Securities that the Investor shall be entitled to purchase in the aggregate shall be determined by
multiplying (x) the total number or principal amount of such offered New Securities by (y) a fraction, the numerator of which is the sum of (i) the number of shares of common stock held by the Investor, if any, and (ii) the
number of shares of common stock represented by any securities convertible into common stock held by the Investor on an as-converted basis as of such date, if any, and the denominator of which is the sum of
(i) the number of shares of common stock then outstanding, (ii) the number of shares of common stock represented by any securities convertible into common stock on an as-converted basis as of such
date. Notwithstanding anything herein to the contrary, in no event shall the Investor have the right to purchase securities hereunder to the extent such purchase would result in the Investor, together with its affiliates, owning a greater percentage
interest in the Company than the Investor held immediately prior to the issuance of the New Securities (counting for such purposes all shares of common stock into or for which any securities owned by the Investor are directly or indirectly
convertible or exercisable). 

  
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 (b) Notice. In the event the Company proposes to offer or sell New Securities through
a private offering (the “New Securities Offering”), concurrently with its commencement of marketing efforts for such New Securities Offering it shall give the Investor notice of its intention to offer the New Securities, the number
of such New Securities to be offered and the price and terms, if any, upon which it proposes to offer the New Securities. If the information contained in the notice constitutes material non-public information
(as defined under the applicable securities laws), the Company shall deliver such notice only to the individuals identified on the Investor’s signature page hereto, and shall not communicate the information to anyone else acting on behalf of
the Investor without the consent of one of the designated individuals. The Investor shall have ten (10) business days from the date of receipt of such a notice to notify the Company in writing that it intends to exercise its rights provided in
this Section 4 and as to the amount of New Securities the Investor desires to purchase, up to the maximum amount calculated pursuant to Section 4(a). Such notice shall constitute a nonbinding indication of interest of the Investor to
purchase the amount of New Securities so specified at the price and other terms set forth in the Company’s notice to it. The failure of the Investor to respond within such ten (10) business day period shall be deemed to be a waiver of such
Investor’s rights under this Section 4 only with respect to the New Securities Offering described in the applicable notice. 
 (c)
Purchase Mechanism. If the Investor exercises its rights provided in this Section 4, the closing of the purchase of the New Securities by the Investor will occur no earlier than the closing of the New Securities Offering triggering the
right being exercised by the Investor. 
 (d) Non-Cash Consideration. In the case of the
offering of New Securities for a consideration in whole or in part other than cash, including securities acquired in exchange therefor (other than securities by their terms so exchangeable), the consideration other than cash shall be deemed to be
the fair value thereof as determined by the Board of Directors; provided, however, that such fair value as determined by the Board of Directors shall not exceed the aggregate market price of the New Securities being offered as of the
date the Board of Directors authorizes the New Securities Offering. 
 (e) No Assignment of Rights. The rights of the Investor in
this Section 4 shall be personal to the Investor and the transfer, assignment and/or conveyance of said rights from the Investor to any other person and/or entity is prohibited and shall be void and of no force or effect. 

 

	5.	 Miscellaneous. 

(a) Termination. The rights described herein shall terminate and be of no further force or effect with respect to the Investor upon the
earlier of: (i) immediately before the Company’s first underwritten public offering of its common stock under the Securities Act, (ii) the listing of the shares of the Company’s common stock on any national securities exchange or
nationally recognized automated quotation system on which the shares of the common stock of the Company are listed, traded, exchanged or quoted, (iii) when the Company first becomes subject to the periodic reporting requirements of
Section 12(g) or 15(d) of the Exchange Act and (iv) such time as the Investor no longer holds any securities of the Company. The confidentiality provisions in Section 5(k) hereof will survive any such termination. 

  
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 (b) Entire Agreement. This Agreement constitutes the entire agreement among the
parties hereto pertaining to the subject matter hereof, and any and all other written or oral agreements relating to the subject matter hereof existing among any of the parties hereto are expressly canceled. 

(c) Successors and Assigns. Except as otherwise provided in this Agreement, and subject to the restriction on transfer set forth in the
Purchase Agreement, the terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties; provided, however, that the Investor’s rights
pursuant to this Agreement shall inure only to an assignee of the Investor who has acquired more than 50 percent of the common stock then owned by the Investor, but in no event less than 50 percent of the common stock being acquired by the
Investor pursuant to the Purchase Agreement. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations, or
liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 
 (d) Notices. Unless otherwise
provided, any notice required or permitted by this Agreement shall be in writing and will be effective and deemed to have been received (i) when delivered in person, (ii) when receipt is acknowledged by recipient if sent by fax or e-mail, (iii) five (5) days after having been mailed by certified or registered United States mail, postage prepaid, return receipt requested, or (iv) the next business day after having been sent by a
nationally recognized overnight mail or courier service, receipt requested. Notices will be addressed as follows: 
 If to the Company: 

LINKBANCORP, Inc. 
 3045 Market
Street, Camp Hill 
 Pennsylvania 17011 

Attention: Andrew Samuel 
 Chief
Executive Officer 
 Phone: (717) 798-4230 

Email: momsamlOl@aol.com 
 With
a copy to: 
 Richard Schaberg 

Hogan Lovells US LLP 
 555
Thirteenth Street, NW 
 Washington, DC 20004 

Phone: (202) 637-5671 
 Email:
richard.schaberg@hoganlovells.com 

  
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 If to the Investor: 

To the address s.et forth under the Investor’s name on the signature page hereof; or such other address as may be designated in writing
hereafter, in the same manner, by such person. 
 (e) Severability. If one or more provisions of this Agreement are held to be
unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (a) such provision shall be
excluded from this Agreement, (b) the balance of the Agreement shall be interpreted as if such provision were so excluded and (c) the balance of the Agreement shall be enforceable in accordance with its terms. 

(f) Delays or Omissions; Remedies Cumulative. No delay or omission to exercise any right, power or remedy accruing to any party under
this Agreement, upon any breach or default of any other party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting
party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any
other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party of any
provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement or by law or otherwise afforded to any party, shall be
cumulative and not alternative. 
 (g) Attorneys’ Fees. If any action at law or in equity (including arbitration) is necessary
to enforce or interpret the terms of any this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled. 

(h) Governing Law. This Agreement and all acts and transactions pursuant hereto shall be governed, construed and interpreted in
accordance with the laws of the State of Pennsylvania without giving effect to principles of conflicts of laws. 
 (i) Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

(j) Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement. 

  
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 (k) Confidentiality. The Investor agrees that, except with the prior written
permission of the Company, it shall at all times keep confidential and not divulge, furnish or make accessible to anyone any confidential information, knowledge or data concerning or relating to the business or financial affairs of the Company or
any other party to which the Investor has been or shall become privy by reason of this Agreement. The provisions of this section shall be in addition to, and not in substitution for, the provisions of any separate confidentiality agreement executed
by the parties hereto with respect to the transactions contemplated hereby. 
 [Signature Page Follows.] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Investor Rights Agreement to be duly
executed by their respective authorized signatories as of the date first indicated above. 
  

			
	LINKBANCORP, Inc.
		
	By:	 	/s/ Brent S. Smith

 
			
	Name:	 	Brent S. Smith
	Title:	 	President

  

			
	[***]
	
	 By: [***]
 as investment
adviser

		
	By:	 	[***]
		 	Name:  [***]
		 	Title:    Managing Director and Counsel

  

			
	Address for Notice:
	
	[***]

  
 9EX-10.13

 Exhibit 10.13 

 
  

Failure to accurately document your arrangement could result in significant losses, from claims of those participating in the arrangement, from their heirs
and beneficiaries, or from federal or state governmental bodies including the Internal Revenue Service, the Department of Labor or bank examiners. 

For companies subject to SEC regulation, implementation of an executive or director compensation program may trigger rules requiring disclosures on Form 8-K within four days of implementing the program. Consult with your SEC attorney to determine your responsibilities under those rules. 

This specimen is for general information only. Equias Alliance, LLC hereby grants license to its client and the client’s legal counsel to use these
materials in documenting solely your arrangement. 
  
  

 LINKBANK 

SPLIT DOLLAR LIFE INSURANCE PLAN 

Pursuant to due authorization by its Board, the undersigned duly authorized officer of LINKBANK (the “Bank”) did constitute,
establish and adopt the following Split Dollar Life Insurance Plan (the “Plan”), effective as of the 24th day of January, 2019. 

The purpose of this Plan is to retain and reward certain employees of the Bank by dividing the death proceeds of certain life insurance
policies with those employees’ designated beneficiaries. The Bank will pay the life insurance premiums from its general assets. 

Article 1 
 Definitions

 Whenever used in this Plan, the following terms shall have the meanings specified: 

1.1 “Administrator” means the Board or such committee or person as the Board shall appoint. 

1.2 “Beneficiary” means each designated person, or the estate of the deceased Participant, entitled to benefits, if any, upon
the death of the Participant. 
 1.3 “Beneficiary Designation Form” means the form established from time to time by
the Administrator that the Participant completes, signs and returns to the Administrator to designate one or more Beneficiaries. 
 1.4
“Board” means the Board of Directors of the Bank. 
 1.5 “Employee” means a person who is, as of the date
the person is selected to participate in the Plan, an active employee of the Bank. 
 1.6 “Insured” means the Participant
whose life is insured under a particular Policy. 
 1.7 “Insurer” means the insurance company issuing the Policy on the life
of the Participant. 
 1.8 “Net Death Proceeds” means the total death proceeds of a Participant’s Policies minus
the greater of (i) the Policies’ cash surrender value or (ii) the aggregate premiums paid by the Bank on the Policies. 
 1.9
“Participant” means an Employee (i) who is selected to participate in the Plan after meeting the Plan’s eligibility requirements, (ii) who elects to participate in the Plan, (iii) who signs a Participation
Agreement and a Beneficiary Designation Form, (iv) who agrees to complete insurance forms and undergo any physical as may be requested by the Bank (v) whose signed Participation Agreement and Beneficiary Designation Form are accepted by
the Administrator, and (vi) whose participation has not terminated. 

  
 1 

 1.10 “Participation Agreement” means the form required by the
Administrator of an eligible Employee to indicate acceptance of participation in this Plan. 
 1.11 “Policy” or
“Policies” means the individual insurance policy or policies adopted by the Bank for purposes of insuring a Participant’s life under this Plan. 

1.12 “Separation from Service” means a complete cessation of a Participant’s services to the Bank, both as an employee
and a director, for reasons other than death. 
 Article 2 

Participation 
 2.1
Selection by Administrator. Participation in the Plan shall be limited to those Employees selected by the Administrator, in its sole discretion, to participate in the Plan. Participation in the Plan shall be limited to a select group of
management or highly compensated employees employed by or providing services to the Bank. 
 2.2 Enrollment Requirements. As a
condition to participation, each selected Employee shall complete, execute and return to the Administrator (i) a Participation Agreement, (ii) a Beneficiary Designation Form and (iii) insurance forms and physicals as requested by the
Bank. In addition, the Administrator may establish from time to time such other enrollment requirements as it determines in its sole discretion are necessary. 

2.3 Eligibility; Commencement of Participation. Provided an Employee selected to participate in the Plan has met all enrollment
requirements set forth in this Plan and required by the Administrator, that Employee will become a Participant, be covered by the Plan and will be eligible to receive benefits at the time and in the manner provided hereunder, subject to the
provisions of the Plan. 
 2.4 Termination of Participation. A Participant’s rights under this Plan shall automatically cease and
his or her participation in this Plan shall automatically terminate if the Plan or any Participant’s rights under the Plan are terminated in accordance with Article 5 or 11 or if the Participant notifies the Bank in writing that the Participant
wishes to withdraw participation under the Plan. 
 Article 3 

Policy Ownership and Interests 

3.1 Bank’s Interest. The Bank shall own the Policies and shall have the right to exercise all incidents of ownership thereof. The
Bank may terminate a Policy without the consent of the insured Participant. The Bank shall be the beneficiary of the remaining death proceeds of the Policy after the Participant’s interest is determined according to Section 3.2 below. 

3.2 Participant’s Interest. The Participant, or the Participant’s assignee, shall have the right to designate the Beneficiary
of an amount of death proceeds as specified in this Section. The Participant shall also have the right to elect and change settlement options with respect to the Participant’s interest by providing written notice to the Bank and the Insurer.

  
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 3.2.1 Death Prior to Separation from Service. If a Participant dies
prior to Separation from Service, the Participant’s Beneficiary shall be entitled to receive the lesser of (i) One Hundred Thousand Dollars ($100,000) or (ii) the Net Death Proceeds. 

3.2.2 Death After Separation from Service. If a Participant dies after Separation from Service, the Participant’s
Beneficiary shall not be entitled to any benefit hereunder. 
 Article 4 

Premiums and Imputed Income 

4.1 Premium Payment. The Bank shall pay all premiums due on the Policies. 

4.2 Economic Benefit. The Bank shall determine the economic benefit attributable to the each Participant based on the life insurance
premium factor for the Participant’s age multiplied by the aggregate death benefit payable to the Participant’s Beneficiary. The “life insurance premium factor” is the minimum factor applicable under guidance published pursuant
to Treasury Reg. § 1.61-22(d)(3)(ii) or any subsequent authority. 
 4.3 Imputed Income.
The Bank shall impute the economic benefit to each Participant on an annual basis by adding the economic benefit to the Participant’s W-2. 

Article 5 
 Comparable
Coverage 
 The Bank may provide the benefits hereunder through the Policies purchased at the commencement of this Plan, or it may
provide comparable insurance coverage to the Participants through whatever means the Bank deems appropriate. If a Participant waives or forfeits his right to the insurance benefit, the Bank may choose to cancel the Policy on that Participant’s
life, or the Bank may continue such coverage and become the direct beneficiary of the entire death proceeds. 
 Article 6 

Suicide or Misstatement 

No benefit shall be distributed to a Participant’s Beneficiary if the Participant commits suicide within two (2) years after the date the
Participant first became a participant under this Plan, or if an insurance company which issued a life insurance policy covering the Participant and owned by the Bank denies coverage (i) for material misstatements of fact made by the Participant on
an application for such life insurance, or (ii) for any other reason. 

  
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 Article 7 

Beneficiaries 
 6.1 In
General. Each Participant shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions under this Plan upon the Participant’s death. The Beneficiary designated under this Plan may be the same as or
different from the beneficiary designated under any other plan of the Bank. 
 6.2 Designation. Each Participant may designate any
person to receive any benefits payable under the Plan upon the Participant’s death, and the designation may be changed from time to time by the Participant by filing a new designation. Each designation will revoke all prior designations by the
Participant, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Participant’s lifetime. If a Participant names someone other than the Participant’s
spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Participant’s spouse and returned to the Administrator.
A Participant’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Participant or if the Participant names a spouse as Beneficiary and the marriage is subsequently dissolved. 

6.3 Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received, accepted and
acknowledged in writing by the Administrator or its designated agent. 
 6.4 No Beneficiary Designation. If the Participant dies
without a valid beneficiary designation, or if all designated Beneficiaries predecease the Participant, then the Participant’s spouse shall be the designated Beneficiary. If the Participant has no surviving spouse, any benefit shall be paid to
the Participant’s estate. 
 6.5 Facility of Distribution. If the Administrator determines in its discretion that a benefit is to
be distributed to a minor, to a person declared incompetent or to a person incapable of handling the disposition of that person’s property, the Administrator may direct distribution of such benefit to the guardian, legal representative or
person having the care or custody of such minor, incompetent person or incapable person. The Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution
of a benefit shall be a distribution for the account of the Participant and the Beneficiary, as the case may be, and shall completely discharge any liability under this Plan for such distribution amount. 

Article 8 
 Assignment

 A Participant may irrevocably assign without consideration all of the Participant’s Interest in this Plan to any person, entity,
or trust. In the event a Participant transfers all of the Participant’s interest, then all of the Participant’s interest in this Plan shall be vested in the Participant’s transferee, who shall be substituted as a party hereunder, and
the Participant shall have no further interest in this Plan. 

  
 4 

 Article 9 

Insurer 
 The Insurer shall
be bound only by the terms of its given Policy. The Insurer shall not be bound by or deemed to have notice of the provisions of this Plan. The Insurer shall have the right to rely on the Bank’s representations with regard to any definitions,
interpretations or Policy interests as specified under this Plan. 
 Article 10 

Claims and Review Procedure 

9.1 Claims Procedure. A person who believes that he or she is being denied a benefit to which he or she is entitled hereunder (a
“Claimant”) shall make a claim for such benefits as follows. 
 (a) Initiation – Written Claim. The
Claimant initiates a claim by submitting to the Administrator a written claim for the benefits. If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within sixty (60) days after such notice was
received by the Claimant. All other claims must be made within one hundred eighty (180) days of the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination desired by the Claimant.

 (b) Timing of Administrator Response. The Administrator shall respond to such Claimant within forty-five
(45) days after receiving the claim. If the Administrator determines that special circumstances require additional time for processing the claim, the Administrator can extend the response period by an additional thirty (30) days by
notifying the Claimant in writing, prior to the end of the initial forty-five (45) day period, that an additional period is required. The extension notice shall specifically explain the standards on which entitlement to a disability benefit is
based, the unresolved issues that prevent a decision on the claim and the additional information needed from the Claimant to resolve those issues, and the Claimant shall be afforded at least forty-five (45) days within which to provide the
specified information. 
 (c) Notice of Decision. If the Administrator denies all or a part of the claim, the
Administrator shall notify the Claimant in writing of such denial in a culturally and linguistically appropriate manner. The Administrator shall write the notification in a manner calculated to be understood by the Claimant. The notification shall
set forth: (i) the specific reasons for the denial; (ii) a reference to the specific provisions of this Plan on which the denial is based; (iii) a notice that the Claimant has a right to request a review of the claim denial and an
explanation of the Plan’s review procedures and the time limits applicable to such procedures; (iv) a statement of the Claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination
on review, and a description of any time limit for 

  
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 bringing such an action; (v) for any disability claim, a discussion of the decision,
including an explanation of the basis for disagreeing with or not following: (A) the views presented by the Claimant of health care professionals treating the Claimant and vocational professionals who evaluated the Claimant; (B) the views
of medical or vocational experts whose advice was obtained on behalf of the Bank in connection with a Claimant’s adverse benefit determination, without regard to whether the advice was relied upon in making the benefit determination; or
(C) a disability determination regarding the Claimant presented by the Claimant made by the Social Security Administration (vi) for any disability claim, the specific internal rules, guidelines, protocols, standards or other similar
criteria relied upon in making the adverse determination or, alternatively, a statement that such rules, guidelines, protocols, standards or other similar criteria do not exist; and (viii) for any disability claim, a statement that the Claimant
is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the Claimant’s claim for benefits. Whether a document, record, or other information is
relevant to a claim for benefits shall be determined by Department of Labor Regulation Section 2560.503-1(m)(8). 

9.2 Review Procedure. If the Administrator denies all or a part of the claim, the Claimant shall have the opportunity for a full and
fair review by the Administrator of the denial as follows. 
 (a) Additional Evidence. Prior to the review of the
denied claim, the Claimant shall be given, free of charge, any new or additional evidence considered, relied upon, or generated by the Administrator, or any new or additional rationale, as soon as possible and sufficiently in advance of the date on
which the notice of adverse benefit determination on review is required to be provided, to give the Claimant a reasonable opportunity to respond prior to that date. 

(b) Initiation – Written Request. To initiate the review, the Claimant, within sixty (60) days after receiving
the Administrator’s notice of denial, must file with the Administrator a written request for review. 
 (c)
Additional Submissions – Information Access. After such request the Claimant may submit written comments, documents, records and other information relating to the claim. The Administrator shall also provide the Claimant, upon request and
free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s claim for benefits. 

(d) Considerations on Review. In considering the review, the Administrator shall consider all materials and information
the Claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. Additional considerations shall be required in the case of a claim for disability benefits. The
claim shall be reviewed by an individual or committee who did not make the initial determination that is subject of the appeal and who is not a subordinate of the individual who made the determination. Additionally, the review shall be made without
deference to the initial 

  
 6 

 adverse benefit determination. If the initial adverse benefit determination was based in
whole or in part on a medical judgment, the Administrator will consult with a health care professional with appropriate training and experience in the field of medicine involving the medical judgment. The health care professional who is consulted on
appeal will not be the same individual who was consulted during the initial determination and will not be the subordinate of such individual. If the Administrator obtained the advice of medical or vocational experts in making the initial adverse
benefits determination (regardless of whether the advice was relied upon), the Administrator will identify such experts. 

(e) Timing of Administrator Response. The Administrator shall respond in writing to such Claimant within forty-five
(45) days after receiving the request for review. If the Administrator determines that special circumstances require additional time for processing the claim, the Administrator can extend the response period by an additional forty-five
(45) days by notifying the Claimant in writing, prior to the end of the initial forty-five (45) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the
Administrator expects to render its decision. 
 (f) Notice of Decision. The Administrator shall notify the Claimant
in writing of its decision on review. The Administrator shall write the notification in a culturally and linguistically appropriate manner calculated to be understood by the Claimant. The notification shall set forth: (i) the specific reasons
for the denial; (ii) a reference to the specific provisions of this Plan on which the denial is based; (iii) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all
documents, records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s claim for benefits; (iv) a statement of the Claimant’s right to bring a civil action under ERISA Section 502(a); (v)
for any disability claim, a discussion of the decision, including an explanation of the basis for disagreeing with or not following: (A) the views presented by the Claimant of health care professionals treating the Claimant and vocational
professionals who evaluated the Claimant; (B) the views of medical or vocational experts whose advice was obtained on behalf of the Bank in connection with a Claimant’s adverse benefit determination, without regard to whether the advice
was relied upon in making the benefit determination; or (C) a disability determination regarding the Claimant presented by the Claimant made by the Social Security Administration; and (vi) for any disability claim, the specific internal
rules, guidelines, protocols, standards or other similar criteria relied upon in making the adverse determination or, alternatively, a statement that such rules, guidelines, protocols, standards or other similar criteria do not exist. 

9.3 Exhaustion of Remedies. The Claimant must follow these claims review procedures and exhaust all administrative remedies before
taking any further action with respect to a claim for benefits. 

  
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 9.4 Failure to Follow Procedures. In the case of a claim for disability benefits, if
the Administrator fails to strictly adhere to all the requirements of this claims procedure with respect to a disability claim, the Claimant is deemed to have exhausted the administrative remedies available under the Plan, and shall be entitled to
pursue any available remedies under ERISA Section 502(a) on the basis that the Administrator has failed to provide a reasonable claims procedure that would yield a decision on the merits of the claim, except where the violation was: (a) de
minimis; (b) non-prejudicial; (c) attributable to good cause or matters beyond the Administrator’s control; (d) in the context of an ongoing good-faith exchange of information; and
(e) not reflective of a pattern or practice of noncompliance. The Claimant may request a written explanation of the violation from the Administrator, and the Administrator must provide such explanation within ten (10) days, including a
specific description of its basis, if any, for asserting that the violation should not cause the administrative remedies to be deemed exhausted. If a court rejects the Claimant’s request for immediate review on the basis that the Administrator
met the standards for the exception, the claim shall be considered as re-filed on appeal upon the Administrator’s receipt of the decision of the court. Within a reasonable time after the receipt of the
decision, the Administrator shall provide the claimant with notice of the resubmission. 
 Article 11 

Amendments and Termination 

The Bank may amend or terminate this Plan with respect to any Participant at any time prior to the Participant’s death by providing
written notice of such change to the Participant. If the Bank decides to maintain the Policies after termination of the Plan, the Bank shall be the direct beneficiary of the entire death proceeds of the Policies. 

Article 12 

Administration 
 11.1
Administrator Duties. The Administrator shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Plan and (ii) decide or resolve any
and all questions, as may arise in connection with this Plan. 
 11.2 Agents. In the administration of this Plan, the Administrator
may employ agents and delegate to them such administrative duties as it sees fit, (including acting through a duly appointed representative), and may from time to time consult with counsel who may be counsel to the Bank. 

11.3 Binding Effect of Decisions. The decision or action of the Administrator with respect to any question arising out of or in
connection with the administration, interpretation and application of this Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this Plan. 

11.4 Indemnity of Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any and all claims,
losses, damages, expenses or liabilities arising from any action or failure to act with respect to this Plan, except in the case of willful misconduct by the Administrator or any of its members. 

  
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 11.5 Information. To enable the Administrator to perform its functions, the Bank
shall supply full and timely information to the Administrator on all matters relating to the date and circumstances of the death or Separation from Service of a Participant, and such other pertinent information as the Administrator may reasonably
require. 
 Article 13 

Miscellaneous 
 12.1
Binding Effect. This Plan shall bind the Participants and the Bank, their beneficiaries, survivors, executors, administrators and transferees and any Beneficiary. 

12.2 No Guarantee of Service. This Plan is not a contract for services. It does not give the Participant the right to remain an employee
the Bank, nor does it interfere with the Bank’s right to discharge the Participant. It also does not require the Participant to remain an employee nor interfere with the Participant’s right to terminate his or her service at any time. 

12.3 Applicable Law. The Plan and all rights hereunder shall be governed by and construed according to the laws of the Commonwealth of
Pennsylvania, except to the extent preempted by the laws of the United States of America. 
 12.4 Reorganization. The Bank shall not
merge or consolidate into or with another company, or reorganize, or sell substantially all of its assets to another company, firm or person unless such succeeding or continuing company, firm or person agrees to assume and discharge the obligations
of the Bank under this Plan. Upon the occurrence of such event, the term “Bank” as used in this Plan shall be deemed to refer to the successor or survivor company. 

12.5 Notice. Any notice or filing required or permitted to be given to the Bank or Administrator under this Plan shall be sufficient if
in writing and hand-delivered, or sent by registered or certified mail, the Bank’s principal business office. Any notice or filing required or permitted to be given to a Participant or Beneficiary under this Plan shall be sufficient if in
writing and hand-delivered, or sent by mail, to the last known address of the Participant or Beneficiary, as appropriate. Any notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the
postmark or on the receipt for registration or certification. 
 12.6 Entire Plan. This Plan, along with a Participant’s
Participation Agreement and Beneficiary Designation Form, constitute the entire agreement between the Bank and the Participant as to the subject matter hereof. No rights are granted to the Participant under this Plan other than those specifically
set forth herein. 

  
 9 

 IN WITNESS WHEREOF, the Bank adopts this Plan as of the date indicated above. 

 

			
	LINKBANK
		
	By	 	 /s/ Jermaine Crosson

	Title	 	CFO LINKBANK

  
 10

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