Document:

Exhibit 10.3 -- SEO Letter Agreement

 Exhibit 10.3 
 [Name and Address of Senior Executive Officer] 
 Dear
                    : 
 Patapsco
Bancorp, Inc. (the “Company”) anticipates entering into a letter agreement (“Agreement”) with the United States Department of the Treasury (“Treasury”) that provides for the Company’s
participation in the Treasury’s Capital Purchase Program (the “CPP”). If the Company does not participate in the CPP, this letter shall be of no further force and effect. 
 For the Company to participate in the CPP and as a condition to the closing of the investment contemplated by the Agreement, the Company is required to
meet specified standards for incentive compensation to its senior executive officers and to make changes to its compensation arrangements. To comply with these requirements, and in consideration of the benefits that you will receive as a result of
the Company’s participation in the CPP, you agree as follows: 
 (1) No Golden Parachute Payments. The Company shall not make any
golden parachute payment to you during any period during which (A) you are a senior executive officer and (B) Treasury holds an equity or debt position acquired from the Company in the CPP (a “CPP Covered Period”).

 (2) Recovery of Bonus and Incentive Compensation. Any bonus and incentive compensation paid to you during a CPP Covered Period is
subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria. 
 (3) Compensation Program Amendments. Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and
agreements (including golden parachute, severance and employment agreements) (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2). For reference,
certain affected Benefit Plans are set forth in Appendix A to this letter. If the payments and benefits provided under the Benefit Plans would exceed the golden parachute limitations of the CPP, the payments and benefits shall be reduced or
revised, in the manner determined by you (subject to the next sentence), by the amount, if any, which is the minimum necessary to result in no portion of the payments and benefits exceeding the limitations. The Company, at its expense, will
determine the extent of any reduction in the payments and benefits to be made pursuant to this letter. In addition, the Company is required to review its Benefit Plans to ensure that they do not encourage senior executive officers to take
unnecessary and excessive risks that threaten the value of the Company. To the extent any such review requires revisions to any Benefit Plan with respect to you, you and the Company agree to negotiate such changes promptly and in good faith.

 (4) Definitions and Interpretation. This letter shall be interpreted as follows: 
 (i) “Senior executive officer” means the Company’s “senior executive officers” as defined in subsection 111(b)(3) of EESA and 31
C.F.R. § 30.2. 
 (ii) “Golden parachute payment” has the meaning given to such term in Section 111(b)(2)(C) of EESA and
31 C.F.R. § 30.9. 
 (iii) “EESA” means the Emergency Economic Stabilization Act of 2008. 
 (iv) The term “Company” includes any entities treated as a single employer with the Company under 31 C.F.R. § 30.1(b). You are also
delivering a waiver pursuant to the Agreement, and, as between the Company and you, the term “employer” in that waiver will be deemed to mean the Company as used in this letter. 
 (v) The term “CPP Covered Period” shall be limited by, and interpreted in a manner consistent with, 31 C.F.R. § 30.11. 
 (vi) Provisions (1) and (2) of this letter are intended to, and will be interpreted, administered and construed to, comply with
Section 111 of EESA (and, to the maximum extent consistent with the preceding, to permit operation of the Benefit Plans in accordance with their terms before giving effect to this letter). 
 (5) Miscellaneous. To the extent not subject to federal law, this letter will be governed by and construed in accordance with the laws of
Maryland. This letter may be executed in two or more counterparts, each of which will be deemed to be an original. A signature transmitted by facsimile will be deemed an original signature. 
  

	
	Yours sincerely,
	
	PATAPSCO BANCORP, INC.
	
	  

	Name:
	Title:

 Intending to be legally bound, I agree with and accept the foregoing terms on the date set forth below.

  

			
	  

	[Insert Name]
		
	Date:Letter Agreement

 Exhibit 10.1 
 AmeriCredit Financial Services, Inc. 
 801 Cherry Street, Suite 3900 
 Fort Worth, Texas 76102 
 December 19, 2008

 Deutsche Bank AG, Cayman Islands Branch 
 c/o Deutsche Bank AG

 Boundary Hall, Cricket Square 
 171 Elgin Avenue 
 Grand Cayman KY1-1104 
 CAYMAN ISLANDS 
 Re: Forward Purchase Commitment Agreement 
 Ladies and Gentlemen:

 Reference is made to the Forward Purchase Commitment Agreement dated April 15, 2008 (the “Forward Purchase Commitment
Agreement”) among AFS SenSub Corp. (“AFS SenSub”), AmeriCredit Financial Services, Inc. (“AmeriCredit”) and Deutsche Bank AG, Cayman Islands Branch (“DB”). AFS SenSub, AmeriCredit and DB have
determined that it is in the best interests of each party to terminate the Forward Purchase Commitment Agreement. Accordingly, each of AFS SenSub, AmeriCredit and DB mutually agree to terminate the Forward Purchase Commitment Agreement. Upon the
execution of this letter agreement by DB, AFS SenSub and AmeriCredit, the Termination Date under the Forward Purchase Commitment Agreement shall be deemed to have occurred on the date of this letter. Terms used but not defined herein shall have the
meaning ascribed to them in the Forward Purchase Commitment Agreement. 
 This letter shall be governed by and construed in accordance with
the laws of the State of New York, without giving effect to the principles of conflicts of laws thereof to the extent that the same are not mandatorily applicable by statute and would require or permit the application of the law of another
jurisdiction. To the fullest extent permitted by applicable law, each party hereto hereby irrevocably submits to the jurisdiction of any New York State court or Federal court sitting in the County of New York in respect of any suit, action or
proceeding arising out of or relating to the provisions of this letter and irrevocably agree that all claims in respect of any such suit, action or proceeding may be heard and determined in any such court. Each party hereto hereby waives, to the
fullest extent permitted by applicable law, any objection that they may now or hereafter have to the laying of venue of any such suit, action or proceeding brought in any such court, and any claim that any such suit, action or proceeding brought in
any such court has been brought in an inconvenient forum. Each party hereto hereby waives, to the fullest extent permitted by applicable law, any right to trial by jury with respect to any action or proceeding arising out of or relating to this
letter. 

 This letter may be executed in one or more counterparts, each of which will be deemed an original, but
all of which taken together will constitute one and the same instrument. Delivery of an executed signature page of this letter by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof or thereof, as the case
may be. 
 If you are in agreement with the foregoing, please sign and return to AmeriCredit the enclosed copy of this letter. 
  

			
	 Very truly yours,

	
	 AMERICREDIT FINANCIAL SERVICES, INC.

		
	 By:
	 	 /s/ Susan B. Sheffield

	 Name:
	 	Susan B. Sheffield
	 Title:
	 	Executive Vice President, Structured Finance
	
	 AFS SENSUB CORP.

		
	 By:
	 	 /s/ Susan B. Sheffield

	 Name:
	 	Susan B. Sheffield
	 Title:
	 	Executive Vice President, Structured Finance

 Agreed and Accepted: 
  

			
	 DEUTSCHE BANK AG, CAYMAN ISLANDS BRANCH

		
	 By:
	 	 /s/ Eric Shea

	 Name:
	 	Eric Shea
	 Title:
	 	Managing Director
		
	 By:
	 	 /s/ Peter Kim

	 Name:
	 	Peter Kim
	 Title:
	 	Vice President

  

 2Specimen Common Stock Certificate

 

 
  
 Number 

WC 81 
 Shares 
 W Webster Financial Corporation 
 THIS CERTIFICATE IS TRANSFERABLE IN JERSEY CITY, NJ, NEW YORK, NY AND PITTSBURGH, PA 
 SEE REVERSE FOR CERTAIN RESTRICTIONS 
 COMMON STOCK CUSIP 947890 10 9 
 THIS CERTIFIES THAT SPECIMEN is the owner of 
 FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK, $.01 PAR VALUE PER SHARE, OF 
 WEBSTER FINANCIAL CORPORATION (the “Corporation”), a Delaware corporation. The shares represented by this certificate are
transferable only on the stock transfer books of the Corporation by the holder of record hereof, or by his duly authorized attorney or legal representative, upon the surrender of this certificate properly endorsed. This certificate is not valid
until countersigned and registered by the Corporation’s transfer agent and registrar. 
 IN WITNESS WHEREOF, the
Corporation has caused this certificate to be executed by the facsimile signatures of its duly authorized officers and has caused a facsimile of its corporate seal to be hereunto affixed. 
 COUNTERSIGNED AND REGISTERED: 
 BNY MELLON SHAREOWNER SERVICES 
 TRANSFER AGENT 
 AND REGISTRAR 
 BY: AUTHORIZED SIGNATURE 
 Dated: 
 By: 
 Secretary 
 WEBSTER FINANCIAL CORPORATION DELAWARE 
 SEPTEMBER 10, 1986 INCORPORATED 
 Chairman and Chief Executive Officer 

 

 
  
 WEBSTER FINANCIAL
CORPORATION 
 The shares represented by this certificate are issued subject to all the provisions of the certificate of
incorporation and bylaws of Webster Financial Corporation (the “Corporation”) as from time to time amended (copies of which are on file at the principal executive office of the Corporation), to all of which the holder by acceptance hereof
assents. 
 The Corporation will furnish to any shareholder upon request and without charge a full statement of the powers,
designations, preferences and relative, participating, optional or other special rights of each authorized class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights, to the extent that the
same have been fixed, and of the authority of the board of directors to designate the same with respect to other series. Such request may be made to the Corporation or to its transfer agent and registrar. 
 ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: 
 TEN COM —as tenants in common UNIF GIFT MIN ACT — Custodian 
 TEN ENT —as tenants by the entireties (Cust) (Minor) 
 JT TEN —as joint tenants with rights under Uniform Gifts to Minors 
 of
survivorship and not as Act 
 tenants in common (State) 
 Additional abbreviations may also be used though not in the above list. 
 For value received, hereby sell, assign and transfer into 
 PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF ASSIGNEE

 Please Print or Typewrite Name and Address Including Postal Zip Code of Assignee 
 Shares 
 represented by the within Certificate, and do hereby irrevocably constitute and appoint 
 Attorney to
transfer the said Shares on the books of the Corporation with full power of substitution in the premises. 
 Dated,

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the Certificate, in
every particular, without alteration or enlargement, 
 or any change whatever.

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