Document:

First Amendment to the Amended and Restated Credit Agreement

 Exhibit 10.1 
 FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 
 This FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (“Amendment”) is made effective as of the 2nd day of January, 2006, by and between BANK OF AMERICA, N.A., as Administrative Agent (“Agent”) and CEC ENTERTAINMENT CONCEPTS, L.P., a Texas limited partnership (“Borrower”), CEC
ENTERTAINMENT, INC., CEC ENTERTAINMENT HOLDINGS, LLC, SPT DISTRIBUTION COMPANY, INC., and TJH RESTAURANT GROUP, INC. (“Guarantors”) and the following lenders: Bank of America, N.A., JPMorgan Chase Bank, N.A., as a Lender and
Syndication Agent, SunTrust Bank, as a Lender and Documentation Agent, Wachovia Bank, NA, Wells Fargo, N.A., and U.S. Bank National Association (collectively, “Lenders”). 
 WITNESSETH: 
 WHEREAS, Borrower on
July 18, 2005 entered into that certain Amended and Restated Credit Agreement (the “Credit Agreement”) with Agent and Lenders governing a $200,000,000 revolving credit loan from Lenders to Borrower (the
“Loan”); 
 WHEREAS, to evidence the Loan, Borrower executed certain Promissory Notes (collectively referred to
herein as the “Note”) in the amount of the Aggregate Commitments dated of even date with the Credit Agreement and secured guarantees to support the Loan from the Guarantors. All documents representing, evidencing or securing
the Loan are collectively referred to as the “Loan Documents”; and 
 WHEREAS, as a result of Statement of Financial
Accounting Standards (“SFAS”) No. 123(R) issued by the Financial Accounting Standards Boards, and pursuant to Section 1.03(b) of the Credit Agreement, the parties hereto desire to modify the definitions of
“Consolidated EBITDA” and “Consolidated EBITR” in the Credit Agreement to add a provision for non-cash stock-based compensation expenses; 
 NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and agreements contained herein and in the Credit Agreement, in consideration of the Loans which may hereafter be made by Lenders to
Borrower, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I. 
 Definitions and References 
 1.1 Terms Defined in the Credit Agreement. Unless the context otherwise requires or unless otherwise expressly defined herein, the terms defined
in the Credit Agreement shall have the same meanings whenever used in this Amendment. 

 ARTICLE II. 
 Amendments to Credit Agreement 
 2.1 Definition. The definition of “Consolidated
EBITDA” in Section 1.01 of the Credit Agreement is hereby amended in its entirety to read as follows: 
 “Consolidated EBITDA” means, for any period, for the Parent and its Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income for such period plus (a) the following to the extent deducted
in calculating such Consolidated Net Income: (i) Consolidated Interest Charges for such period, (ii) the provision for Federal, state, local and foreign income taxes payable by the parent and its Subsidiaries for such period,
(iii) depreciation and amortization expense, (iv) non-cash stock-based compensation expense, and (v) other non-recurring expenses of the Parent and its Subsidiaries reducing such Consolidated Net Income which do not represent a cash
item in such period or any future period and minus (b) all non-cash items increasing Consolidated Net Income for such period. 
 2.2 Definition. The definition of “Consolidated EBITR” in Section 1.01 of the Credit Agreement is hereby amended in its entirety to read as follows: 
 “Consolidated EBITR” means, for any period, for Parent and its Subsidiaries on a consolidated basis, an amount equal to
Consolidated Net Income for such period plus (a) the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated Interest Charges for such period, (ii) the provision for Federal, state, local
and foreign income taxes payable by the Parent and its Subsidiaries for such period, (iii) non-cash stock-based compensation expense, and (iv) any other non-recurring expenses of the Parent and its Subsidiaries reducing and Consolidated
Net Income which do not represent a cash item in such period or any future period plus (b) Consolidated Rent Expense for such period, and minus (c) all non-cash items increasing Consolidated Net Income for such period.

 ARTICLE III. 
 Conditions to
Closing 
 3.1 Effective Date. This Amendment shall become effective as of the date first above written when and only when Agent
and Lenders shall have received copies of all documents or other evidence which the Agent, Lenders or their counsel may reasonably request in connection herewith, including an executed original of this Amendment signed by the Borrower, Guarantors,
Agent, and Required Lenders, in a sufficient number for the Agent and all Lenders. 

 ARTICLE IV. 
 Miscellaneous 
 4.1 Acknowledgment by Borrower and Guarantors. Except as otherwise specified
herein, the terms and provision of the Loan Documents are ratified and confirmed and shall remain in full force and effect, enforceable in accordance with their terms. Borrower and Guarantors hereby acknowledge, agree and represent that
(i) Borrower and Guarantors are indebted to Lenders pursuant to the terms of the Notes and Loan Documents as modified hereby; and (ii) contemporaneously with the effectiveness of this Amendment, the representations and warranties contained
in the Loan Documents are true and correct representations and warranties of Borrower and each Guarantor, as applicable, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true
and correct as of such earlier date. 
 4.2 Costs and Expenses. Contemporaneously with the execution and delivery hereof, Borrower
shall pay, or cause to be paid, all costs and expenses incident to the preparation hereof and the consummation of the transaction contemplated hereby, including, but not limited to, reasonable fees and expenses of legal counsel to Agent (which fees
and expenses, as to legal counsel of Agent, shall be paid directly to legal counsel of Agent immediately upon presentation of a bill for legal services rendered). 
 4.3. Governing Law. THE TERMS AND PROVISION HEREOF SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS. 
 4.4 Time. Time is of the essence in the performance of the covenants contained herein and in the Loan Documents. 
 4.5 Binding Agreement. This Amendment shall be binding upon the successors and assigns of the parties hereto; provided, however, the foregoing
shall not be deemed or construed to (i) permit, sanction, authorize or condone the assignment of all or any part of any interest in and to Borrower or any Guarantor except as expressly authorized in the Loan Documents, or (ii) confer any
right, title, benefit, cause of action or remedy upon any person or entity not a party hereto, which such party would not or did not otherwise possess. 
 4.6 Headings. The section headings hereof are inserted for convenience of reference only and shall in no way alter, amend, define or be used in the construction or interpretation of the text of such section.

 4.7 Construction. Whenever the context hereof so required, reference to the singular shall include the plural and likewise, the
plural shall include the singular; words denoting gender shall be construed to mean the masculine, feminine or neuter, as appropriate; and specific enumeration shall not exclude the general but shall be construed as cumulative of the general
recitation. 
 4.8 Counterparts. To facilitate execution, this Amendment may be executed in as any counterparts as may be convenient
or required. It shall not be necessary that the signature of, or on behalf of, each party or that the signature of all persons required to bind any party appear on each counterpart. All counterparts shall collectively constitute a single counterpart
containing the respective signatures of, or on behalf of, each of the parties hereto. Any signature page to any counterpart may be detached from such counterpart without impairing the legal effect of the signatures thereon and thereafter attached to
another counterpart identical thereto except having attached to it additional signature pages. Signatures hereto transmitted by facsimile or other electronic medium shall be effective as originals. 
 4.9 No Reliance. In executing this Amendment, Borrower warrants and represents that Borrower is not relying on any statement ore representation
other than those in this Amendment and the other Loan Documents and is relying upon its own judgment and advice of its attorneys. 
 THIS
AMENDMENT AND THE OTHER LOAN DOCUMENTS COLLECTIVELY REPRESENT THE FINAL AGREEMET BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NOT UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES. 
 [Signature Pages Follow] 

 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to Amended and Restated Credit
Agreement effective as of the date first set forth above. 
  

							
	THE BORROWER:	 		 	 CEC Entertainment Concepts, L.P.,
 a Texas
limited partnership

				
		 		 	By:	 	 CEC Entertainment, Inc.,
   a Kansas
corporation,
   Its general partner

				
		 		 	By:	 	 
		 		 		 	 Christopher D. Morris
 Executive Vice President and
CFO

			
	THE ADMINISTRATIVE AGENT:	 		 	 BANK OF AMERICA, N.A.,
 a national banking
association,
 as the Administrative Agent

				
		 		 	By:	 	 
		 		 		 	 Suzanne M. Paul
 Vice President

		 		 		 	
	THE LENDERS:	 		 	 BANK OF AMERICA N.A.,
 a national banking
association

				
		 		 	By:	 	 
		 		 		 	 Steven A. Mackenzie
 Senior Vice
President

		 		 		 	
		 		 	JP MORGAN CHASE BANK, N.A.,
				
		 		 	By:	 	 
		 		 		 	 Bradley C. Peters
 Senior Vice
President

		 		 		 	
		 		 	SUNTRUST BANK
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
		 		 		 	
		 		 	WACHOVIA BANK, NA,
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
		 		 		 	
		 		 	WELLS FARGO BANK, N.A.,
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 
		 		 		 	
		 		 	U.S. BANK NATIONAL ASSOCIATION
				
		 		 	By:	 	 
		 		 	Name:	 	 
		 		 	Title:	 	 

 The terms, conditions and obligations of each of the undersigned 
 under this Amendment and each of the other Loan Documents are 
 hereby acknowledged and agreed to: 
  

							
	GUARANTORS:	 		 	 CEC ENTERTAINMENT, INC.,
 a Kansas
corporation

				
		 		 	By:	 	 
		 		 		 	 Christopher D. Morris
 Executive Vice President and CFO

		 		 		 	
		 		 	 SPT DISTRIBUTION COMPANY, INC.,
 a Texas
corporation

				
		 		 	By:	 	 
		 		 		 	 Marshal Fisco
 Vice President

		 		 		 	
		 		 	 CEC ENTERTAINMENT HOLDINGS, LLC,
 a Nevada
limited liability company

				
		 		 	By:	 	 
		 		 		 	 Monte Miller
 President

		 		 		 	
		 		 	 TJH RESTAURANT GROUP, INC.,
 a Texas
corporation

				
		 		 	By:	 	 
		 		 		 	 Marshall Fisco
 Vice PresidentEmployment Agreement between Ocean Bank and Peter B. Alden

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (“Agreement”) is made as of the 4th
day of June, 2007 between Ocean National Bank (the “Bank”) and Peter B. Alden, of Wolfeboro, New Hampshire (the “Executive”). 
 WHEREAS, this Agreement is entered into in connection with the Agreement and Plan of Merger, dated as of June 4, 2007 (the “Merger Agreement”), among Community Bank & Trust
Company, a New Hampshire bank and trust company (the “Company”), Chittenden Corporation, a Vermont corporation, and the Bank, which provides for the merger of the Company with and into the Bank, with the Bank as the surviving entity
(the “Merger”). Upon the termination of the Merger Agreement in accordance with Article VIII thereof, this Agreement shall be void ab initio and of no further force and effect. Capitalized terms used but not defined herein shall
have the meaning set forth in the Merger Agreement; and 
 WHEREAS, after the Merger, the Bank shall employ the Executive and the
Executive shall be employed by the Bank on the terms contained herein; provided that the Bank’s obligations hereunder are conditioned on the Executive: (i) fulfilling his responsibilities as President and Chief Executive Officer of the
Company and associated transactional services through the Effective Time of the Merger in a satisfactory manner as determined by the Company’s Board of Directors; (ii) not voluntarily terminating his employment with the Company prior to
the Effective Time of the Merger; and (iii) not being terminated by the Company for Cause (as hereinafter defined) prior to the Effective Time of the Merger. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree
as follows: 
 1. Term. Subject to the conditions set forth above, the termination provisions of Section 5, and the notice and
compensation provisions of Section 6, the term of this Agreement shall extend from the Effective Time of the Merger until the first anniversary of the Closing Date of the Merger (the “Term”). If the Executive’s employment
continues beyond the Term, his employment will be on an at-will basis and will no longer be subject to the terms of this Agreement. 
 2.
Position and Duties. The Executive shall serve as a Senior Vice President and shall have responsibilities and duties as may from time to time be prescribed by the President of the Bank or other authorized executive consistent with his title.

 3. Extent of Service. The Executive shall devote his full working time and best efforts to the business and affairs of the Bank.
Notwithstanding the foregoing, the Executive may serve on other boards of directors, with the approval of the President of the Bank, or engage in religious, charitable or other community activities as long as such services and activities do not
materially interfere with the Executive’s performance of his duties to the Bank as provided in this Agreement. 

 4. Compensation and Related Matters. 
 (a) Base Salary. The Executive’s annual base salary shall be $195,000 (the “Base Salary”). The Base Salary shall be payable
in periodic installments in accordance with the Bank’s usual practice for its senior executives. 
 (b) Benefits. The Executive
shall be entitled to participate in or receive benefits under any employee benefit plan or arrangement offered by the Bank which is now or in the future made available by the Bank generally to its executives and key management employees, subject to
and on a basis consistent with the terms, conditions and overall administration of such plan or arrangement. Notwithstanding the foregoing, nothing in this Section 4(b) shall be construed to require the Bank to maintain any employee benefit
plan or program. 
 (c) Vacations. The Executive shall be entitled to 25 paid vacation days in each full year, which shall be accrued
ratably and otherwise administered pursuant to the Bank’s policies and practices concerning vacations. 
 (d) Automobile. As
promptly as reasonably practicable following the Effective Time of the Merger, the Bank shall take such actions as may be necessary to allow the Executive to assume ownership of the automobile that is owned by the Company and currently used by the
Executive. 
 5. Termination. The Executive’s employment hereunder may be terminated without any breach of this Agreement under
the following circumstances, subject to the payment obligations set forth in Section 6: 
 (a) Death. The Executive’s
employment hereunder shall terminate upon his death. 
 (b) Disability. If the Executive shall be disabled so as to be unable to
perform the essential functions of the Executive’s then existing position or positions under this Agreement with or without reasonable accommodation, the Bank may remove the Executive from any responsibilities, reassign the Executive to another
position with the Bank and/or terminate the Executive’s employment. Nothing in this Section 5(b) shall be construed to waive the Executive’s rights, if any, under existing law including, without limitation, the Family and Medical
Leave Act of 1993, 29 U.S.C. §2601 et seq. and the Americans with Disabilities Act, 42 U.S.C. §12101 et seq. 
 (c)
Termination by Bank for Cause. At any time during the Term, the Bank may terminate the Executive’s employment hereunder for Cause. For purposes of this Agreement, “Cause” shall mean: (i) conduct by the Executive
constituting a material act of willful misconduct in connection with the performance of his duties, including, without limitation, misappropriation of funds or property of the Bank; (ii) the commission by the Executive of (A) any felony,
(B) a misdemeanor involving moral turpitude, deceit, dishonesty or fraud, or (C) any conduct by the Executive that would reasonably be expected to result in material injury or reputational harm to the Bank if he were retained in his
position; (iii) failure to perform to the reasonable satisfaction of the President a substantial portion of the Executive’s duties and responsibilities assigned or delegated under this Agreement, which failure continues, in the reasonable
judgment of the President, after written notice given to the Executive by the 

  

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President; (iv) a breach by the Executive of any of the provisions of this Agreement; (v) a material violation by the Executive of any of the
Bank’s policies; or (vi) failure to cooperate with a bona fide internal investigation or an investigation by regulatory or law enforcement authorities, after being instructed by the Bank to cooperate, or the destruction of or failure to
preserve documents or other materials known to be relevant to such investigation or the inducement of others to fail to cooperate or to produce documents or other materials. 
 (d) Termination Without Cause. At any time during the Term, the Bank may terminate the Executive’s employment hereunder without Cause.

 (e) Termination by the Executive. At any time during the Term, the Executive may terminate his employment hereunder for any reason,
including but not limited to Good Reason. For purposes of this Agreement, “Good Reason” shall mean the occurrence of any of the following events during the Term: (i) a breach by the Bank of any of its material obligations under
this Agreement; (ii) a material diminution in the Executive’s authority, duties or responsibilities; or (iii) a material change (more than 75 miles) in geographic location at which the employee must principally perform services as a
Senior Vice President unless Executive consents to such change in location. Notwithstanding the forgoing, with respect to Good Reason pursuant to Sections 5(e)(i) and (ii), such conditions must have continued for thirty (30) days after written
notice is provided by the Executive to the Bank’s President, such notice to include a specific reference to this Section 5(e) and, with respect to Good Reason pursuant to Sections 5(e)(i), (ii) and (iii), Executive must leave his
employment within sixty (60) days after the occurrence of the initial Good Reason condition. 
 (f) Notice of Termination. Except
for termination as specified in Section 5(a), any termination of the Executive’s employment by the Bank or any such termination by the Executive shall be communicated by written Notice of Termination to the other party hereto. For purposes
of this Agreement, a “Notice of Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. 
 (g) Date of Termination. For purposes of this Agreement, the “Date of Termination” shall mean: (i) if the Executive’s employment is terminated by his death, the date of his death;
(ii) if the Executive’s employment is terminated on account of disability or by the Bank for Cause, the date on which Notice of Termination is given; (iii) if the Executive’s employment is terminated by the Bank without Cause,
thirty (30) days after the date on which a Notice of Termination is given or, at the Bank’s election, on any earlier date following the date on which a Notice of Termination is given provided that the Bank pays the Executive his Base
Salary for all or the remainder of the thirty (30) days in lieu of providing the Executive with such notice; or (iv) if the Executive’s employment is terminated by the Executive for any reason, thirty (30) days after the date on
which a Notice of Termination is given. Notwithstanding the foregoing, in the event that the Executive gives a Notice of Termination to the Bank, the Bank may unilaterally accelerate the Date of Termination and such acceleration shall not result in
a termination by the Bank for purposes of this Agreement. 
 6. Compensation Upon Termination. 
 (a) Termination Generally. Except as provided elsewhere in this Agreement, if the Executive’s employment with the Bank is terminated for any
reason during the Term, the Bank shall pay or provide to the Executive (or to his authorized representative or estate) any earned but unpaid base salary, unpaid expense reimbursements, accrued but unused vacation and 

  

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any vested benefits the Executive may have under any employee benefit plan of the Bank through the Date of Termination (the “Accrued
Benefit”). Except as expressly provided in this Section 6, the Executive shall be entitled to the Accrued Benefit and to no additional compensation as the result of a termination of his employment. 
 (b) Termination by the Bank Without Cause or by Executive With Good Reason. If the Executive’s employment is terminated during the Term by
the Bank without Cause, as provided in Section 5(d), or by the Executive with Good Reason, as provided in Section 5(e), then the Bank shall pay the Executive his Accrued Benefit and, provided that Executive signs and does not revoke a
general release of legal claims in a form acceptable to the Bank (the “Release”), the Bank shall (i) continue the Executive’s Base Salary, and (2) continue to pay for medical insurance premiums for coverage of
Executive to the same extent as if Executive had remained employed for the remainder of the Term (such post-employment payments and benefits shall be collectively referred to as “Salary and Benefit Continuation”). Notwithstanding
the foregoing, the Bank shall not be required to make any Salary or Benefit Continuation Payments until the next regular payroll date after the Release becomes fully effective and shall only be required to continue to pay for Executive’s health
benefits to the extent he elects and remains eligible for COBRA continuation. If the Bank does not make any Salary Continuation Payments on a regular payroll date after the Date of Termination because this Agreement has not yet become effective, the
Bank shall make all such missed Salary Continuation Payments by the next regular payroll date after this Agreement becomes effective. Any Salary and Benefit Continuation that is paid to the Executive pursuant to this Section 6(b) shall be
reduced by the amount of any change in control payment or other severance pay or benefit continuation to which the Executive may be entitled pursuant to any agreement or policy. 
 (c) Release. The Bank shall offer the Release upon or promptly after the Date of Termination or promptly after written notice from the Executive
requesting the Release following the Date of Termination, provided that the Executive would otherwise qualify for Salary and Benefit Continuation. The Release shall include a release of any and all legal claims that the Executive may have against
the Bank, any predecessors, any successors and any related persons and entities; provided that the Release shall not release claims arising under (i) this Agreement, (ii) any other fully executed written agreement with the Bank that is
then in effect, or (iii) any “employee pension benefit plan” within the meaning of Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended. 
 (d) Suspension or Termination of Payments. In the event the Executive fails to comply with any of his post-employment obligations under this
Agreement, in addition to all other legal or equitable remedies the Bank may have, the Bank shall have the right to terminate or suspend its payment of Salary and Benefit Continuation to the Executive. The termination or suspension of such payments
in the event of such breach by the Executive shall not affect the Executive’s continuing obligations under this Agreement. 
 7.
Confidential Information and Cooperation. 
 (a) Confidential Information. As used in this Agreement, “Confidential
Information” means information belonging to the Bank or any of its affiliates which is of value to the Bank in the course of conducting its business and the disclosure of which could result in a competitive, reputational, regulatory or
other disadvantage to the Bank. Confidential Information includes, without limitation, financial information, reports, and forecasts; inventions, 

  

 4 

 
improvements and other intellectual property; trade secrets; know-how; software; market or sales information or plans; customer lists; and business plans,
prospects and opportunities (such as possible acquisitions or dispositions of businesses or facilities) which have been discussed or considered by the management of the Bank. Confidential Information includes information developed by the Executive
in the course of the Executive’s employment by the Bank, as well as other information to which the Executive may have access in connection with the Executive’s employment. Confidential Information also includes the confidential information
of others with which the Bank has a business relationship and information that is protected from disclosure pursuant to the Gramm-Leach-Bliley Act, 15 U.S.C. §6801 et seq., as may be amended from time to time. Notwithstanding the
foregoing, Confidential Information does not include information in the public domain, unless due to a breach of the Executive’s duties under Section 7(b). 
 (b) Confidentiality. The Executive understands and agrees that the Executive’s employment creates a relationship of confidence and trust between the Executive and the Bank with respect to all Confidential
Information. At all times, both during the Executive’s employment with the Bank and after its termination, the Executive will keep in confidence and trust all such Confidential Information, and will not use or disclose any such Confidential
Information without the written consent of the Bank, except as may be necessary in the ordinary course of performing the Executive’s duties to the Bank. 
 (c) Documents, Records, etc. All documents, records, data, apparatus, equipment and other physical property, whether or not pertaining to Confidential Information, which are furnished to the Executive by the
Bank or are produced by the Executive in connection with the Executive’s employment, will be and remain the sole property of the Bank. The Executive will return to the Bank all such materials and property as and when requested by the Bank. In
any event, the Executive will return all such materials and property immediately upon termination of the Executive’s employment for any reason. The Executive will not retain with the Executive any such material or property or any copies thereof
after such termination. 
 (d) Litigation and Regulatory Cooperation. During and after the Executive’s employment, the Executive
shall cooperate fully with the Bank in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Bank which relate to events or occurrences that transpired while the
Executive was employed by the Bank. The Executive’s full cooperation in connection with such claims or actions shall include, but not be limited to, being available to meet with counsel to prepare for discovery or trial and to act as a witness
on behalf of the Bank at mutually convenient times. During and after the Executive’s employment, the Executive also shall cooperate fully with the Bank in connection with any investigation or review of any federal, state or local regulatory
authority as any such investigation or review relates to events or occurrences that transpired while the Executive was employed by the Bank. The Bank shall reimburse the Executive for any reasonable out-of-pocket expenses incurred in connection with
the Executive’s performance of obligations pursuant to this Section 7(d). 
 (e) Injunction. The Executive agrees that it
would be difficult to measure any damages caused to the Bank which might result from any breach by the Executive of the promises set forth in this Section 7, and that in any event money damages would be an inadequate remedy for any such breach.
Accordingly, the Executive agrees that if the Executive breaches, or proposes to breach, any portion of this Agreement, the Bank shall be entitled, in 

  

 5 

 
addition to all other remedies that it may have, to an injunction or other appropriate equitable relief to restrain any such breach without showing or
proving any actual damage to the Bank. 
 8. Taxation of Payments and Benefits. The Bank shall undertake to make deductions,
withholdings and tax reports with respect to payments and benefits under this Agreement to the extent that it reasonably and in good faith believes that it is required to make such deductions, withholdings and tax reports. Payments under this
Agreement shall be in amounts net of any such deductions or withholdings. Nothing in this Agreement shall be construed to require the Bank to make any payments to compensate the Executive for any adverse tax effect associated with any payments or
benefits or for any deduction or withholding from any payment or benefit. Anything in this Agreement to the contrary notwithstanding, if at the time of the Executive’s separation from service within the meaning of Section 409A of the
Internal Revenue Code of 1986, as amended (the “Code”), the Executive is considered a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, and if any payment or benefit that the Executive
becomes entitled to under this Agreement is considered deferred compensation subject to interest, penalties and additional tax imposed pursuant to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of
the Code, then no such payment shall be payable or benefit shall be provided prior to the date that is the earliest of (i) six months and one day after the Executive’s date of termination, or (ii) the Executive’s death. The
parties intend that this Agreement will be administered in accordance with Section 409A of the Code. 
 9. Consent to
Jurisdiction. The parties hereby consent to the jurisdiction of the state and federal courts of New Hampshire. Accordingly, with respect to any such court action, the Executive (a) submits to the personal jurisdiction of such courts;
(b) consents to service of process; and (c) waives any other requirement (whether imposed by statute, rule of court, or otherwise) with respect to personal jurisdiction or service of process. 
 10. Integration. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all
prior agreements between the parties concerning such subject matter. 
 11. Successor to the Executive. This Agreement shall inure to
the benefit of and be enforceable by the Executive’s personal representatives, executors, administrators, heirs, distributees, devisees and legatees. In the event of the Executive’s death after his termination of employment but prior to
the completion by the Bank of all payments due him under this Agreement, the Bank shall continue such payments to the Executive’s beneficiary designated in writing to the Bank prior to his death (or to his estate, if the Executive fails to make
such designation). 
 12. Waiver. No waiver of any provision hereof shall be effective unless made in writing and signed by the
waiving party. The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent any subsequent enforcement of such term or obligation or be
deemed a waiver of any subsequent breach. 
 13. Notices. Any notices, requests, demands and other communications provided for by this
Agreement shall be sufficient if in writing and delivered in person or sent by a nationally recognized overnight courier service or by registered or certified mail, postage prepaid, return 

  

 6 

 
receipt requested, to the Executive at the last address the Executive has filed in writing with the Bank or, in the case of the Bank, at its main offices,
attention of the President. 
 14. Amendment. This Agreement may be amended or modified only by a written instrument signed by the
Executive and by a duly authorized representative of the Bank. 
 15. Governing Law. This is a New Hampshire contract and shall be
construed under and be governed in all respects by the laws of the State of New Hampshire, without giving effect to the conflict of laws principles of such State. With respect to any disputes concerning federal law, such disputes shall be determined
in accordance with the law as it would be interpreted and applied by the United States Court of Appeals for the First Circuit. 
 16.
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be taken to be an original; but such counterparts shall together constitute one and the same document. 

17. Successor to Bank; Consent to Assignment. The Bank shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business or assets of the Bank expressly to assume and agree to perform this Agreement to the same extent that the Bank would be required to perform it if no succession had taken place.
Failure of the Bank to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a breach of this Agreement and shall constitute Good Reason if the Executive elects to terminate employment. The Executive
consents to the assignment of this Agreement by the Bank to any successor or other assignee. 
 [Signature Page Follows] 
  

 7 

 IN WITNESS WHEREOF, the parties have executed this Agreement effective on the date and year first
above written. 
  

			
	OCEAN NATIONAL BANK
		
	By:	 	/s/ Danny H. O’Brien
		 	Name: Danny H. O’Brien
		 	Title: President and Chief Executive Officer
	
	Peter B. Alden
	
	/s/ Peter B. Alden

  

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