Document:

EX-10.13

 Exhibit 10.13 
  

 
 

 
 June 16, 2014 
 [Name]

 First Trade Union Bank 
 One Harbor Street, Suite 201 

Boston, MA 02210 
  

	Re:	2014-2016 Cycle Phantom Performance Unit Award 

 Dear [Name]: 

You have been selected to participate in the new phantom performance unit program of First Trade Union Bank (the “Bank”) and First
Trade Bancorp, Inc. (the “Company”). You are receiving an award of phantom performance units (the “Units”) because the Bank and Company believe that providing performance incentives to key personnel is
an essential step for creating shareholder value and aligning your interests with those of shareholders. This letter summarizes the terms of your phantom performance unit award. 

Grant of Phantom Performance Units 
 Each Unit corresponds
to the value of a share of Company common stock as of the latest valuation date. For the 2014-2016 cycle of the phantom performance unit program you have been granted a target award of [        ] Units (based
upon a target award opportunity of $[        ] divided by the current Unit value of $119.20 per Unit). Each Unit that ultimately vests will represent the right to receive a cash bonus payment equal to the
number of vested Units multiplied by the per Unit value (determined as of the most recent valuation date preceding the date of payment), subject to your continued employment by the Bank through the payment date. Depending on the Bank’s
achievement of the performance measures discussed below, the number of Units that you vest in could range from 0% to 150% of the threshold award and, if you vest in Units, you will typically vest in a range of Units between your threshold, target
and maximum Unit amounts. Your threshold, target, and maximum awards are [        ],[        ], and [        ] Units,
respectively. 
 Performance Period 
 The performance
period began on January 1, 2014 and will end on December 31, 2016. The performance period is divided into four performance segments: one for each full calendar year during the performance period and a cumulative performance segment that
encompasses the entire performance period. 

 Performance Measures and Weighting 

The number of Units that vest will depend on the Bank’s achievement of performance measures during each performance segment. These performance measures
are (i) absolute return on average assets (“ROAA”), and (ii) relative total shareholder return (“Relative TSR”). 

Achievement of the performance measures will be weighed against the target number of Units granted to you, as follows: 

 

													
	 Performance Segment
	  	ROAA Weighting	 	 	Relative TSR Weighting	 	 	Total Weighting	 
	 2014
	  	 	10	% 	 	 	10	% 	 	 	20	% 
	 2015
	  	 	10	% 	 	 	10	% 	 	 	20	% 
	 2016
	  	 	10	% 	 	 	10	% 	 	 	20	% 
	 2014 – 2016 Cumulative
	  	 	20	% 	 	 	20	% 	 	 	40	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Weighting
	  	 	50	% 	 	 	50	% 	 	 	100	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 The actual number of Units that vest with respect to a performance measure for a performance segment is determined by
multiplying the weighting of the performance measure by the Bank’s achievement of the performance measures as a percentage of target. 
 ROAA

 For each performance segment, the Compensation Committees of the Bank (the “Committee”) will determine, in its sole
discretion, a target ROAA goal, based on the operating plan approved by the Bank for the applicable calendar year and for the cumulative performance segment. The cumulative performance segment may be based on the sum or the average of the annual
segments or may be a total or average ROAA for the total three-year performance period determined at the beginning of the performance period. Unless the Committee determines otherwise, the threshold goal will be set at 85% of the target ROAA goal
and the maximum goal will be set at 120% of the target ROAA goal. 
 For 2014, the Committee has determined that the target ROAA goal is .233%. The
threshold, target and maximum ROA goals for 2014 and the achievement as a percentage of target are as follows: 
  

													
	 	  	Threshold	 	 	Target	 	 	Maximum	 
	 2014 ROAA
	  	 	.28	% 	 	 	.33	% 	 	 	.40	% 
	 ROAA Performance as a % of Target*
	  	 	85	% 	 	 	100	% 	 	 	120	% 
	 Number of Units Earned as a % of Target
	  	 	50	% 	 	 	100	% 	 	 	150	% 

  

	*	Actual results will be interpolated between the points on a straight-line basis. 

 Relative TSR 

Relative TSR is a performance measure that links payout to a company’s stock price return versus a set of comparator companies. Relative TSR performance
of the Bank will be measured against 21 component banks as identified by SNL Financial New England US Thrift Index, which are listed on Appendix A to this letter. 

  
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 Achievement against the Relative TSR for a performance segment will be based on the Bank’s percentile rank
among the companies in the index, with a target percentile rank of 55% resulting in an achievement of 100% of target. The following table illustrates the percentile rank and the achievement as a percentage of target: 

 

					
	 Percentile Rank
	  	Achievement as a % of Target*	 
	 Less than 35.0%
	  	 	0.0	% 
	 35.0%
	  	 	50.0	% 
	 40%
	  	 	62.5	% 
	 45.0%
	  	 	75.0	% 
	 50.%
	  	 	87.5	% 
	 55.0% (Target)
	  	 	100.0	% 
	 60.0%
	  	 	110.0	% 
	 65.0%
	  	 	120.0	% 
	 70.0%
	  	 	130.0	% 
	 75.0%
	  	 	140.0	% 
	 80% or greater
	  	 	150.0	% 

  

	*	Actual results will be interpolated between the points on a straight-line basis. 

 The following table
illustrates possible vesting of your Units, based on hypothetical annual and cumulative performance segment outcomes: 
  

																													
	 Performance Segment
	  	ROAA
Weighting	 	 	ROAA
as a %
of
Target	 	 	Weighted
ROE
Result	 	 	TSR
Weighting	 	 	TSR as
a % of
Target	 	 	Weighted
TSR
Result	 	 	Performance
Segment
Result	 
	 2014
	  	 	10.0	% 	 	 	95	% 	 	 	9.5	% 	 	 	10.0	% 	 	 	120	% 	 	 	12.0	% 	 	 	21.5	% 
	 2015
	  	 	10.0	% 	 	 	85	% 	 	 	8.5	% 	 	 	10.0	% 	 	 	90	% 	 	 	9.0	% 	 	 	17.5	% 
	 2016
	  	 	10.0	% 	 	 	120	% 	 	 	12.0	% 	 	 	10.0	% 	 	 	95	% 	 	 	9.5	% 	 	 	21.5	% 
	 2014 – 2016 Cumulative
	  	 	20.0	% 	 	 	105	% 	 	 	21.0	% 	 	 	20.0	% 	 	 	110	% 	 	 	22.0	% 	 	 	43.0	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Result
	  	 	50.0	% 	 				 	 	51.0	% 	 	 	50.0	% 	 				 	 	52.5	% 	 	 	103.5	% 
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 

 Continued Service; Payment 

Payment for the total number of vested Units1 will be made following the end of the three-year performance
period in a single lump sum payment of cash (less any required tax withholdings) on June 16, 
  

	1 	 Note: At the end of each annual performance segment and the cumulative performance segment, the Committee will determine the Bank’s
achievement of each performance measure. Notwithstanding anything to the contrary in this letter, the Committee may, in its sole discretion, adjust the achievement percentage and as a result, the number of Units that will vest for the performance
segment. In addition, the Committee may, in its sole discretion, reduce the number of Units that will vest for the then-current performance segment (including the cumulative performance segment) and any future performance segment, and may provide
that no Units will vest if the Bank’s CAMELS rating falls below a “2” at any time during three-year performance period. 

  
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2017, subject to your continued employment with the Bank through such payment date. Specifically, you are not entitled to receive any payment under this letter if your employment with the Bank is
terminated prior to the payment date by the Bank with or without cause, by you with or without good reason, or as a result of your retirement, death or disability. If you have entered into an employment agreement or other agreement with the Bank
that provides for payments with respect to performance bonuses following a termination of your employment, you will receive the greater of (i) the payment described in this 2014-2016 Cycle Phantom Performance Unit Award or (ii) the payment
specified in such agreement for terminations unrelated to a change of control. This payment, if any, will be made on the payment date specified in the applicable agreement or, if no payment date is specified in the applicable agreement, the 60th day
following the termination of your employment. 
 Change in Control 

In the event of a Change in Control (as defined below) during the three-year performance period, you will receive a lump sum payment equal to the sum of
(i) with respect to each completed performance segment, the actual award determined by the Committee for the applicable performance segment; plus (ii) with respect to any ongoing performance segment and the cumulative performance segment,
a prorated portion, based on the portion of the applicable performance segment completed prior to the Change in Control, equal to the greater of the target or the actual award (with the actual award determined based on the Bank’s achievement of
the performance measures through the date of the Change in Control). Such payment will be made on the 60th day after the closing date of the Change in Control. 

For purposes of this letter agreement, “Change in Control” means, with respect to the Bank: (i) any change in ownership that
results in an owner other than the New England Carpenters Pension Fund & New England Carpenters Guaranteed Annuity Fund (the “New England Fund”) or the Empire State Carpenters Pension Fund (the “New York
Fund”) or, in the event of a consolidation of the New England Fund or New York Fund with another entity, the resulting successor of the New England Fund or New York Fund (a “Successor Fund”), holding the largest
single ownership interest in the Bank (the “General Partner Interest”) or (ii) any transaction or series of related transactions in which (a) 90% or more of the assets (which must also include at least 80% of the total loans) and
(b) all or substantially all of the deposits of the Bank are sold or transferred to entities other than the New England Fund, New York Fund, a Successor Fund or any other related entity; provided, however, that the term Change in Control will
not include any change of ownership in which: (1) the New York Fund, the New England Fund, or a Successor Fund remains the managing or controlling partner of the ownership interests the headquarters of the Bank remain in Boston, Massachusetts,
and there is no material change in the strategic director of the Company; (2) the General Partner Interest or majority interest is held by affiliates of the Company, any employee benefit plan or trust sponsored or controlled by the New York
Fund and New England Fund; (3) the shareholders of the Bank approve a complete liquidation, dissolution or sale of the Bank on account of unsatisfactory performance; (4) a consortium (or group) of funds affiliated with the Carpenters’
Union, none of which hold a majority on the date of this letter, become managing or controlling partners of the ownership interests, and the headquarters of the Bank remain in Boston, Massachusetts, and there is no material change in the strategic
director of the Bank, provided that the New York Fund or the New England Fund retain some ownership share; or (5) the Change in Control fails to constitute a “change in control” as defined for purposes of Section 409A of the
Internal Revenue Code of 1986, as amended, and the regulations thereunder. A Change in Control shall also occur for any event described above where “Company” replaced for “Bank” herein. 

Other Terms and Conditions 
 Nothing in this letter will
be construed to confer upon you the right to remain in the employ or service of the Bank or any affiliate of the Bank, or to interfere in any way with any contractual or other right or 

  
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authority of the Bank or any of its affiliates either to increase or decrease the compensation or other payments to you at any time, or to terminate any employment or other relationship between
you and the Bank or any affiliate of the Bank. 
 The obligation of the Bank to make payments under this letter will be interpreted as a contractual
obligation to pay only those amounts described in this letter, in the manner and under the conditions prescribed in this letter. This letter will in no way be interpreted to require the Bank to transfer any amounts to a third-party trustee or
otherwise hold any amounts in trust or escrow for payment to you or any beneficiary under the terms of this letter. Units do not represent ownership interests in the Bank or the Company and you will not have, as a result of the grant of Units under
this letter, any rights whatsoever as a security holder of the Bank or the Company. 
 This letter sets forth the entire understanding between you, the Bank
and the Company regarding the Units and supersedes all prior oral and written agreements on the terms of the Units, with the exception, if applicable, of a written agreement between you and the Bank specifying the terms that should govern the Units.

 The laws of the Commonwealth of Massachusetts will govern the validity and construction of this letter, other than any conflicts or choice of law rule or
principle that might otherwise refer construction or interpretation of this letter to the substantive laws of any other jurisdiction. 
 Thank you again for
your continued contributions to the success of First Trade Union Bank. 
  

	
	Regards,
	
	Michael A. Butler
	Chief Executive Officer President
	First Trade Union Bank

  
 5 

 Appendix A 

Comparator Companies for Relative TSR Performance Measurement 

FISCAL YEAR 
 Metric: Total Shareholder 

 

																															
	 Institution Name
	  	 City, State
	 	Period Date
2012Y
(mm/dd/yyyy)	 	 	End of Fiscal
Period date
2013Y
(mm/dd/yyyy)	 	 	Price per
Share at
period end
2012Y ($)	 	 	Price per
Share at
period end
2013Y ($)	 	 	Dividend
Yield
2013Y ($)	 	 	Dividend
Yield
2013Y ($)	 	 	FTUB/SNL
Total
Shareholder
Return (%)	 
	 First Trade Union Bank
	  	Boston, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	115.60	  	 	 	119.20	  	 	 	0.00	  	 	 	0.00	  	 	 	3.11	  
	 Meridian Interstate Bancorp Inc
	  	East Boston MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	16.78	  	 	 	22.58	  	 	 	000	  	 	 	0.00	  	 	 	34.56	  
	 Peoples Federal Bancshares, Inc.
	  	Brighton, MA	 	 	09/30/12	  	 	 	09/30/13	  	 	 	17.28	  	 	 	17.42	  	 	 	0.92	  	 	 	0.16	  	 	 	1.74	  
	 Newport Bancorp, Inc.
	  	Newport, RI	 	 	12/31/12	  	 				 				 				 				 				 			
	 Hingham Institution for Savings
	  	Hingham, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	62.60	  	 	 	78.49	  	 	 	1.38	  	 	 	1.08	  	 	 	27.11	  
	 Wellesley Bancorp, Inc.1
	  	Wellesley, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	15.35	  	 	 	19.55	  	 	 	0.00	  	 	 	0.00	  	 	 	27.36	  
	 Rockville Financial, Inc.
	  	Glastonbury, CT	 	 	12/31/12	  	 	 	12/31/13	  	 	 	12.90	  	 	 	14.21	  	 	 	2.81	  	 	 	0.40	  	 	 	13.26	  
	 SI Financial Group, Inc.
	  	Willimantic, CT	 	 	12/31/12	  	 	 	12/31/13	  	 	 	11.50	  	 	 	12.05	  	 	 	1.00	  	 	 	0.12	  	 	 	5.83	  
	 BSB Bancorp, Inc.
	  	Belmont, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	12.23	  	 	 	15.09	  	 	 	0.00	  	 	 	0.00	  	 	 	23.39	  
	 Chicopee Bancorp, Inc.
	  	Chicopee, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	15.89	  	 	 	17.41	  	 	 	1.15	  	 	 	0.20	  	 	 	10.82	  
	 New Hampshire Thrift Bancshares,
	  	Newport, NH	 	 	12/31/12	  	 	 	12/31/13	  	 	 	12.70	  	 	 	15.25	  	 	 	3.41	  	 	 	0.52	  	 	 	24.17	  
	 Berkshire Hills Bancorp, Inc.
	  	Pittsfield, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	23.86	  	 	 	27.27	  	 	 	2.64	  	 	 	0.72	  	 	 	17.31	  
	 First Connecticut Bancorp, Inc.
	  	Farmington, CT	 	 	12/31/12	  	 	 	12/31/13	  	 	 	13.75	  	 	 	16.12	  	 	 	0.74	  	 	 	0.12	  	 	 	18.11	  
	 Brookline Bancorp, Inc.
	  	Boston, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	8.50	  	 	 	9.55	  	 	 	3.56	  	 	 	0.34	  	 	 	16.35	  
	 Westfield Financial, Inc.
	  	Westfield, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	7.23	  	 	 	7.46	  	 	 	3.22	  	 	 	0.24	  	 	 	6.50	  
	 Naugatuck Valley Financial Corpora
	  	Naugatuck, CT	 	 	12/31/12	  	 	 	12/31/13	  	 	 	6.65	  	 	 	7.24	  	 	 	0.00	  	 	 	0.00	  	 	 	8.87	  
	 United Financial Bancorp, Inc.
	  	West Springfield, MA	 	 	12/31/12	  	 	 	12/31/13	  	 	 	15.72	  	 	 	18.89	  	 	 	2.33	  	 	 	0.44	  	 	 	22.96	  
	 Hampden Bancorp, Inc.
	  	Springfield, MA	 	 	06/30/12	  	 	 	06/30/13	  	 	 	12.94	  	 	 	14.91	  	 	 	1.34	  	 	 	0.20	  	 	 	16.77	  
	 Mayflower Bancorp, Inc.
	  	Middleboro, MA	 	 	03/31/12	  	 	 	03/31/13	  	 				 				 				 				 			
	 People’s United Financial, Inc.
	  	Bridgeport, CT	 	 	12/31/12	  	 	 	12/31/13	  	 	 	12.09	  	 	 	15.12	  	 	 	4.30	  	 	 	0.65	  	 	 	30.44	  
	 PSB Holdings, Inc. (MHC)
	  	Putnam, CT	 	 	06/30/12	  	 	 	06/30/13	  	 	 	4.18	  	 	 	5.61	  	 	 	0.00	  	 	 	0.00	  	 	 	34.21EX-10.14

 Exhibit 10.14 

DEPOSIT RETENTION AGREEMENT 

This Deposit Retention Agreement (this “Agreement”) is made as of September     , 2014, by and between
Radius Bank, a federal stock savings association organized under the laws of the United States of America (the “Bank”), and New England Carpenters’ Pension Fund and New England Carpenters’ Guaranteed Annuity Fund,
together, the New England Carpenters’ Combined Funds, a depositor of the Bank (the “Depositor”). 
 RECITALS:

 WHEREAS, the Depositor is a stockholder and affiliate of Radius Bancorp Inc., a Delaware corporation and the holding company for the
Bank (“Bancorp,” and together with the Bank, the “Company”); 
 WHEREAS, pursuant to the terms of an
underwriting agreement (the “Transaction Agreement”) to be entered into by and among Bancorp, certain stockholders of Bancorp and R.W. Baird (“Underwriter”), Bancorp is offering shares of its common stock, including
certain shares owned by Depositor, in an initial public offering (the “Transaction”); and 
 WHEREAS, as an inducement to
Buyer and Underwriter to enter into the Transaction Agreement and the Transaction, each of the Bank and the Depositor have entered into this Agreement, pursuant to which, among other things, the Depositor makes certain commitments with respect to
its accounts at and relationship with the Bank for a period of three years from the closing of the Transaction, upon the terms and subject to the conditions set forth in this Agreement. 

AGREEMENT: 

NOW, THEREFORE, in consideration of the mutual promises set forth below, the receipt and adequacy of which is hereby acknowledged, the
parties hereto, intending to be legally bound, agree as follows: 
 1. Retention of Deposits. 

(a) Depositor shall take all action necessary to maintain its deposit relationship (including any savings and demand deposit accounts,
NOW and ATS accounts and money market deposit accounts opened at the Bank by Depositor subsequent to the date hereof, the “Deposit Accounts”) at the Bank for a period of no less than three years from the closing of the Transaction
(the “Retention Period”). Depositor agrees that, during the Retention Period, it will (i) continue to use the Deposit Accounts for the same purpose and in the same manner that such accounts have been used during the first six
months of 2014 and (ii) continue to obtain deposit and cash management services from the Bank in substantially the same proportion as it has obtained such services from the Bank during the first six months of 2014. 

(b) Depositor agrees to maintain the Deposit Accounts and any deposits therein in a manner consistent with any applicable government or
regulatory authority’s definition of “core deposits” applicable to the Bank. 
 2. Terms and Conditions; Interest
Rate. 
 During the Retention Period, the Bank shall not make material adverse changes in the quality of deposit and cash
management services provided to the Depositor and shall provide the Depositor with deposit account terms and conditions and an annual interest rate on all Deposits maintained in such account or accounts at the Bank that are no less favorable than
terms and conditions and interest rates offered to any other depositor of the Bank for similar accounts. 
 3. Withdrawal.
Notwithstanding Section 1(a) herein, the Depositor shall be entitled to withdraw all of its Deposits from the Bank at any time in the Depositor’s sole discretion if: 

(a) the Company becomes subject to any cease-and-desist or other order issued by, or is a party to any written agreement, consent
agreement or memorandum of understanding with, or is a party to any commitment letter or similar undertaking to, or is a recipient of any extraordinary supervisory letter from, or is subject to any order or directive by, or has adopted any board
resolutions at the request of any Governmental Entity that materially restricts, or by its terms will in the future materially restrict, the conduct of its business or that in any material manner relates to its capital adequacy, its liquidity, its
credit or risk management policies, its management, its business or its operations. For purposes of this Agreement, a “Governmental Entity” shall mean any court, administrative agency or commission or other governmental or
regulatory authority or instrumentality or self-regulatory organization; 

 (b) the Bank fails to be deemed “well capitalized” by its regulator; 

(c) the Bank does not comply with the requirements of Section 2 herein; or 

(d) any of the Company, its Affiliates, executive officers or directors make or cause to be made any public remark disparaging,
defaming or criticizing the Depositor or its Affiliates. 
 4. Scope of Agreement. This Agreement is limited precisely as
written and shall not constitute a waiver of or amendment to any deposit account agreement or services agreement currently in effect between the Depositor and the Bank. Except as set forth herein with respect to the Depositor, any deposit agreement
currently in effect shall continue in full force and effect. 
 5. Severability. Any provision of this Agreement that is
determined by a court of competent jurisdiction to be invalid or unenforceable shall as to such court, be ineffective to the extent of such invalidity or unenforceability, and the remaining provisions of this Agreement shall remain in full force and
effect and any such invalidity or unenforceability shall not invalidate or render unenforceable such provision in any other jurisdiction and such invalid provision shall be reformed in a manner that is both (i) legal and enforceable, and
(ii) most closely represents the parties’ original intent. 
 6. Miscellaneous Provisions. 

(a) This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original instrument and all
which together shall constitute one and the same agreement. This Agreement may be executed by facsimile transmission. 
 (b) Neither
this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto (whether by operation of law or otherwise) without the prior written consent of the other party. Subject to the preceding
sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns. Except as otherwise specifically provided herein, this Agreement (including the documents and
instruments referred to herein) is not intended to confer upon any Person other than the parties hereto any rights or remedies hereunder, and the covenants, undertakings and agreements set out herein shall be solely for the benefit of, and shall be
enforceable only by, the parties hereto and their permitted assigns. 
 (c) It is understood and agreed by the parties hereto that
money damages will not be a sufficient remedy for any breach of this Agreement and the Bank shall be entitled to specific performance and injunctive relief as remedies for any such breach or any threat of such breach, and that such remedies shall be
the exclusive remedies for any such breach or threatened breach of this Agreement. 
 (d) This Agreement represents the entire
understanding between the parties relating to the subject matter hereof and supersedes all prior agreements and negotiations between the parties. This Agreement shall not be amended, modified, or altered in any manner except in writing signed by
each party hereto. 
 (e) Each party to this Agreement has been represented and advised by its own counsel in connection with this
Agreement and has entered into this Agreement after a full and complete opportunity to consult with its counsel regarding the terms hereof. The Bank and the Depositor represent and acknowledge that each has participated in the preparation and
drafting of this Agreement or have each given their approval to all of the language contained in this Agreement, and it is expressly agreed and acknowledged that if any of the parties later assert that there is an ambiguity in the language of this
Agreement, such asserted ambiguity shall not be presumptively construed for or against any other party hereto on the basis that one party drafted the language of this Agreement or played a greater role in drafting the language. 

(f) Each of the Bank and the Depositor represent and warrant that they have taken all necessary corporate and legal action required to
duly approve the making and performance of this Agreement and that no further action is necessary to make this Agreement binding and legally enforceable. 

  
 -2- 

 (g) This Agreement shall be governed and construed in accordance with the laws of the
Commonwealth of Massachusetts, without regard to any applicable conflicts of law rules. Each of the parties consents to and hereby submits to the non-exclusive jurisdiction of any state or federal court located in the Commonwealth of Massachusetts
for the purpose of any legal or equitable relief arising out of or relating to this Agreement or the transactions contemplated hereby. The non-exclusive venue for any legal or equitable relief arising out of this Agreement or the transactions
contemplated hereby shall be the state or federal courts located in the Commonwealth of Massachusetts, and each of the parties hereto irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the
laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. 

*    *    *    *    * 

[signature page follows] 

  
 -3- 

 IN WITNESS WHEREOF, the undersigned has executed this Agreement on the date first above written.

  

			
	NEW ENGLAND CARPENTERS’ PENSION FUND
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	NEW ENGLAND CARPENTERS’ GUARANTEED ANNUITY FUND
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	RADIUS BANK
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 -4-

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