Document:

EX-10.78

 Exhibit 10.78 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT
AGREEMENT (this “Amendment”), dated as of March 8, 2013, is entered into by and among U.S. AUTO PARTS NETWORK, INC., a Delaware corporation (“Company”), PARTSBIN, INC., a Delaware corporation
(“PartsBin”), LOCAL BODY SHOPS, INC., a Delaware corporation (“Local Body Shops”), PRIVATE LABEL PARTS, INC., a Delaware corporation (“Private Label Parts”), WHITNEY AUTOMOTIVE GROUP, INC., a
Delaware corporation (“Whitney Auto”, and together with the Company, PartsBin, Local Body Shops and Private Label Parts, collectively, “Borrowers” and each individually a “Borrower”), the other Loan
Parties party hereto, the Lenders (as defined below) party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (in such capacity, “Administrative Agent”). 

RECITALS 
  

	A.	Borrowers, the other parties signatory thereto as “Loan Parties” (each individually, a “Loan Party” and collectively, the “Loan
Parties”), Administrative Agent, and the financial institutions party thereto as lenders (each individually, a “Lender” and collectively, the “Lenders”) have previously entered into that certain Credit
Agreement, dated as of April 26, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), pursuant to which the Lenders have made certain loans and financial accommodations
available to Borrowers. Terms used herein without definition shall have the meanings ascribed to them in the Credit Agreement. 

  

	B.	Borrowers and the other Loan Parties have requested that Administrative Agent and the Lenders amend the Credit Agreement, and Administrative Agent and the Lenders are
willing to amend the Credit Agreement pursuant to the terms and conditions set forth herein. 

  

	C.	Each Borrower and each other Loan Party is entering into this Amendment with the understanding and agreement that, except as specifically provided herein, none of
Administrative Agent’s or any Lender’s rights or remedies as set forth in the Credit Agreement and the other Loan Documents are being waived or modified by the terms of this Amendment. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
  

	 	1.	Amendments to Credit Agreement. 

  

	 	a.	The definition of “Covenant Testing Trigger Period” in Section 1.01 of the Credit Agreement is hereby amended and restated to read in its entirety as
follows: 

  

	 	  	“ ‘Covenant Testing Trigger Period’ means the period (a) commencing on any day that Excess Availability is less than $6,000,000 (or
$4,000,000 solely during the period of March 1, 2013, through and including April 15, 2013), and (b) continuing until Excess Availability has been greater than or equal to $6,000,000 (or $4,000,000 solely during the period of
March 1, 2013, through and including April 15, 2013) at all times for 45 consecutive calendar days.” 

	 	b.	Section 5.01(m) of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 

“(m) unless otherwise agreed to by Administrative Agent, by no later than Wednesday of each week for each week ending on or prior
to April 15, 2013, a projected 13 week cash flow report for the immediately following 13 week period, and a cash flow report for the week most recently ended together with a comparison to the previously delivered forecast, in each case, in form
reasonably satisfactory to Administrative Agent;” 
  

	 	c.	Sections 6.01(q) through 6.01(r) of the Credit Agreement are hereby amended as follows: 

 

	 	i.	the word “and” at the end of Section 6.01(q) is hereby deleted; 

 

	 	ii.	replacement of the “(r)” at the beginning of Section 6.01(r) with “(s)”; and 

 

	 	iii.	insertion of a new Section 6.01(r) between Section 6.01(q) and Section 6.01(s) as follows: 

“(r) the capitalized amount of the remaining lease or similar payments under the relevant lease or other applicable agreement or
instrument that would appear on a balance sheet of such Person as of such date in accordance with GAAP arising from the any sale and leaseback transaction that is permitted by Section 6.06 so long as the Administrative Agent receives a
Collateral Access Agreement with respect to the property that is the subject of such sale and leaseback transaction within 60 days after the consummation of such transaction (unless waived by the Administrative Agent in its sole discretion);
and” 
  

	 	d.	Section 6.06 of the Credit Agreement is hereby amended and restated to read in its entirety as follows: 

“Sale and Leaseback Transactions. No Loan Party will, nor will it permit any Subsidiary to, enter into any arrangement,
directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use
for substantially the same purpose or purposes as the property sold or transferred (such a transaction, a “sale and leaseback”), except for (a) any such sale and leaseback of any fixed or capital assets by any Borrower or any
Subsidiary that is made for cash consideration in an amount not less than the fair value of such fixed or capital asset and is consummated within 90 days after such Borrower or any Subsidiary acquires or completes the construction of such fixed or
capital asset, and (b) such other sale and leasebacks as are consummated on terms and conditions satisfactory to the Administrative Agent and the Lenders in their Permitted Discretion so long as no Event of Default has occurred and is
continuing at the time of consummation of such sale and leaseback or would result thereform.” 
  

	 	2.	Conditions Precedent to Effectiveness of this Amendment. The following shall have occurred before this Amendment is effective: 

 

	 	a.	Amendment. Administrative Agent shall have received this Amendment fully executed in a sufficient number of counterparts for distribution to all parties.

  
 2 

	 	b.	Representations and Warranties. The representations and warranties set forth herein, and in the Credit Agreement (other than any such representations or
warranties that, by their terms, are specifically made as of a date other than the date hereof), must be true and correct in all material respects without duplication of any materiality qualifier contained therein. 

 

	 	3.	Representations and Warranties. Each Borrower and each other Loan Party represents and warrants as follows: 

 

	 	a.	Authority. Each Borrower and each other Loan Party has the requisite corporate power and authority to execute and deliver this Amendment, and to perform its
obligations hereunder and under the Loan Documents (as amended or modified hereby) to which it is a party. The execution, delivery, and performance by each Borrower and each other Loan Party of this Amendment have been duly approved by all necessary
corporate action, have received all necessary governmental approval, if any, and do not contravene any law or any contractual restriction binding on such Borrower or such Loan Party. 

 

	 	b.	Enforceability. This Amendment has been duly executed and delivered by each Borrower and each other Loan Party. This Amendment and each other Loan Document (as
amended or modified hereby) is the legal, valid, and binding obligation of each Borrower and each other Loan Party in accordance with its terms, and is in full force and effect. 

 

	 	c.	Representations and Warranties. The representations and warranties contained in the Credit Agreement (other than any such representations or warranties that, by
their terms, are specifically made as of a date other than the date hereof) are correct on and as of the date hereof in all material respects without duplication of any materiality qualifier contained therein as though made on and as of the date
hereof. 

  

	 	d.	No Default. No event has occurred and is continuing that constitutes a Default or Event of Default. 

 

	 	4.	Choice of Law. The validity of this Amendment, its construction, interpretation and enforcement, the rights of the parties hereunder, shall be determined under,
governed by, and construed in accordance with the laws of the State of New York, but without giving effect to any federal laws applicable to national banks. 

 

	 	5.	Counterparts. This Amendment may be executed in any number of counterparts and by different parties and separate counterparts, each of which when so executed and
delivered, shall be deemed an original, and all of which, when taken together, shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by telefacsimile shall be effective as delivery of
a manually executed counterpart of the Amendment. 

  

	 	6.	Reference to and Effect on the Loan Documents. 

  

	 	a.	Upon and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or
words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference
to the Credit Agreement as modified and amended hereby. 

  
 3 

	 	b.	Except as specifically set forth in this Amendment, the Credit Agreement and all other Loan Documents, are and shall continue to be in full force and effect and are
hereby in all respects ratified, and confirmed and shall constitute the legal, valid, binding, and enforceable obligations of each Borrower and the other Loan Parties to Administrative Agent and the Lenders without defense, offset, claim, or
contribution. 

  

	 	c.	The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power, or remedy of
Administrative Agent or any Lender under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

  

	 	7.	Ratification. Each Borrower and each other Loan Party hereby restates, ratifies and reaffirms each and every term and condition set forth in the Credit
Agreement, as amended hereby, and the Loan Documents effective as of the date hereof. 

  

	 	8.	Estoppel. To induce Administrative Agent and Lenders to enter into this Amendment and to induce Administrative Agent and the Lenders to continue to make advances
to Borrowers under the Credit Agreement, each Borrower and each other Loan Party hereby acknowledges and agrees that, after giving effect to this Amendment, as of the date hereof, there exists no Default or Event of Default and no right of offset,
defense, counterclaim, or objection in favor of any Borrower or any other Loan Party as against Administrative Agent or any Lender with respect to the Obligations. 

 

	 	9.	Integration. This Amendment, together with the other Loan Documents, incorporates all negotiations of the parties hereto with respect to the subject matter
hereof and is the final expression and agreement of the parties hereto with respect to the subject matter hereof. 

  

	 	10.	Severability. In case any provision in this Amendment shall be invalid, illegal, or unenforceable, such provision shall be severable from the remainder of this
Amendment and the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  

	 	11.	Submission of Amendment. The submission of this Amendment to the parties or their agents or attorneys for review or signature does not constitute a commitment by
Administrative Agent or any Lender to waive any of their respective rights and remedies under the Loan Documents, and this Amendment shall have no binding force or effect until all of the conditions to the effectiveness of this Amendment have been
satisfied as set forth herein. 

 [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their duly authorized officers as of the day and year first above written. 
  

			
	 BORROWERS:
  

U.S. AUTO PARTS NETWORK, INC.,
 a Delaware
corporation

		
	By	 	 /s/ Shane Evangelist

		 	Name: Shane Evangelist
		 	Title: CEO

  

			
	 PARTSBIN, INC.,
 a
Delaware corporation

		
	By	 	 /s/ Shane Evangelist

		 	Name: Shane Evangelist
		 	Title: President

 

			
	 LOCAL BODY SHOPS, INC.,
 a Delaware corporation

		
	By	 	 /s/ David Hernandez

		 	Name: David Hernandez
		 	Title: President

 

			
	 PRIVATE LABEL PARTS, INC.,
 a Delaware corporation

		
	By	 	 /s/ Arthur Simitian

		 	Name: Arthur Simitian
		 	Title: President

 

			
	 WHITNEY AUTOMOTIVE GROUP, INC.,
 a Delaware corporation

		
	By	 	 /s/ Mary Jo Trujillo

		 	Name: Mary Jo Trujillo
		 	Title: Secretary

  
 5 

 
			
	 OTHER LOAN PARTIES:
  

LOBO MARKETING, INC.,
 a Texas
corporation

		
	By	 	 /s/ Brian Hafer

		 	Name: Brian Hafer
		 	Title: President

 

			
	 AUTOMD, INC.,
 a
Delaware corporation

		
	By	 	 /s/ Anton Reut

		 	Name: Anton Reut
		 	Title: President

  

			
	 PACIFIC 3PL, INC.,

a Delaware corporation

		
	By	 	 /s/ Rick Ellis

		 	Name: Rick Ellis
		 	Title: President

  

			
	 GO FIDO, INC.,
 a
Delaware corporation

		
	By	 	 /s/ Michael Buca

		 	Name: Michael Buca
		 	Title: President

  

			
	 AUTOMOTIVE SPECIALTY ACCESSORIES AND PARTS, INC.,
 a Delaware corporation

		
	By	 	 /s/ David Sprangler

		 	Name: David Sprangler
		 	Title: President

  
 6EX-10.2

 EXHIBIT 10.2 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this “Agreement”), made
and entered into as of August 9, 2004 (the “Effective Date”), by and between THE COMMERCIAL AND SAVINGS BANK of Millersburg, an Ohio state bank with its principal office located at 6 West Jackson Street, Millersburg, Ohio 44654
(“Bank”), Paula Meiler, a resident of Ohio(“Employee”). 
 WITNESSETH: 

WHEREAS, Bank is a state bank duly organized and validly existing under the laws of the State of Ohio and engages in banking activities; and 

WHEREAS, Bank is a wholly-owned subsidiary of CSB Bancorp, Inc., an Ohio Corporation and a registered bank holding company (“CSB”); and

 WHEREAS, Employee has knowledge, experience and expertise in the area of business of Bank and CSB, and Bank and CSB wish to obtain the
benefits of Employee’s knowledge, experience and expertise; and 
 WHEREAS, Bank desires to employ Employee on the terms and subject to the
conditions set forth herein, and Employee is willing to accept employment on such terms and conditions. 
 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows: 
 1.
Employment. 
 1.1 Beginning on August 9, 2004, and subject to the terms and conditions set forth in this Agreement, Bank
shall employ Employee to serve as Senior Vice President and Chief Financial Officer of Bank, and perform all services and duties customarily accompanying those positions. Finally, Bank (or CSB) may appoint Employee to such other offices as the Board
of Directors determines, and Employee shall perform the duties of such other offices. 
 Employee shall devote Employee’s entire productive
time, ability and attention to the business of Bank and CSB and shall not directly or indirectly render any services of a business, commercial or professional nature 
 to any other person or organization, whether for compensation or otherwise, without prior consent of the Board of Directors. The Employee will provide the Bank and CSB her best professional efforts and a
minimum forty (40) to fifty (50) productive hours per week. 
 1.2 The parties acknowledge and agree that Employee
shall also serve at the pleasure of the Board of Directors of CSB in the capacity of Senior Vice President and Chief Financial Officer for CSB subject to, and in accordance with, the terms of this Agreement, and the terms of this Agreement shall
inure to the benefit of, and shall be enforceable by, CSB to the same extent as Bank. Employee shall not be entitled to additional compensation in conjunction with services provided to CSB or any affiliates or subsidiaries of CSB or Bank.

 2. Compensation. 
 2.1 Base Salary. As consideration for Employee’s services as an employee hereunder, Bank agrees to pay Employee, and Employee agrees to accept, an annual base salary of $100,000 (“Base
Salary”). The Base Salary, as so determined, shall be payable in equal biweekly installments. It is further understood and agreed that during the term of Employee’s status as an Employee, Employee shall be subject to the withholding of
taxes as required by law and benefit contributions by employee. The Base Salary will be subject to an annual review commencing on July 1, 2005. 
 2.2 Benefits. Employee shall be entitled to participate in any insurance or other benefit plans now or hereafter provided or made available to employees of Bank generally; provided, however that
nothing contained in this Agreement shall require Bank to establish, maintain or continue any such benefits already in existence or hereafter adopted for employees of Bank. 
 2.3 Vacation. Employee shall be entitled to annual vacation and leave time of four (4) weeks at full pay with no more than two (2) weeks to be taken consecutively without Board of
Directors approval. Unused vacation time may not be carried from one year to another year, but may be forfeited annually by the Employee in exchange for compensation based on base annual salary. 

2.4 Stock. Employee shall be granted an option to purchase up to one thousand (1,000) common shares of CSB common stock under
the terms of the CSB share incentive plan {The “Stock Plan”). The option shall expire on August 9, 2009. 
 2.5
Relocation. Bank agrees to assist Employee in relocating to Holmes or Wayne County, Ohio and agrees to pay Employee’s reasonable and customary moving expenses from her current residence to Holmes or Wayne County, Ohio if such relocation
occurs within thirty six (36) months of the Effective Date. Total reimbursement not to exceed $30,000.00 
 2.6
Bonus. Employee shall be eligible to receive an annual bonus of up to 20% of Base Salary at the discretion of the Board of Directors. The Board of Directors shall determine what percentage is to be paid at the meeting of the Board of
Directors in February of each year, or, if the audited financial statements for CSB are not prepared at least seven (7) days before such meeting, at the meeting of the Board of Directors in March. In connection with the determination of
Employee’s bonus, the Chief Executive Officer shall deliver to Employee a performance review. 
 3. Term and Termination.

 3.1 Term. Employee shall be employed for a two (2) year term commencing on the Effective Date hereof, and ending
on the second anniversary of the Effective Date, unless sooner terminated in accordance with the provisions of this Agreement, the initial term. Commencing at the expiration of the initial term and on each anniversary of this Agreement this
Agreement shall automatically be extended for additional one (1) year terms unless either Bank or Employee notifies the other of its or her intent not to renew this Agreement at least sixty (60)days prior to the expiration of the then current
term of the Agreement. 
 3.2 Termination. 
 (a) Death or Disability. If Employee dies or becomes disabled to the extent that Employee cannot perform her duties under this Agreement for a period of more than sixty (60) consecutive days
(the “Disability Period”), this Agreement shall cease and terminate on the date of Employee’s death or conclusion of the Disability Period, as applicable. 
 (b) Termination for Cause. If this Agreement is terminated by Bank for Cause (as defined herein), this Agreement and the employment of Employee shall cease and terminate as of such date.
“Cause” shall be defined as (i) commission of an act of dishonesty in the course of Employee’s duties hereunder; (ii) conviction (whether as a 

 
result of a trial or plea, including a plea of nolo contendere) by a court of competent jurisdiction of a crime constituting a felony or conviction (whether as a result of a trial or plea,
including a plea of nolo contendere) with respect to any act involving fraud, dishonesty, or moral turpitude; (iii) Employee’s continued, habitual intoxication or performance under the influence of controlled substances during working
hours; (iv) frequent or extended, and unjustifiable (not as a result of incapacity or disability) absenteeism; or (v) Employee’s continued inability or refusal to perform the duties and responsibilities described in this Agreement, if
(A) Bank shall have given Employee prior written notice of the reason therefor and (B) a period of thirty (30) days following receipt by Employee of such notice shall have lapsed and the matters which constitute or give rise to such
Cause shall not have been cured or eliminated by Employee. 
 3.3 Termination Without Cause. Bank may terminate
Employee’s employment and this Agreement at any time without Cause, by giving thirty (30) days advance notice in writing to Employee. Subject to the restrictions defined in this agreement, Employee shall also have the right to terminate
this Agreement. 
 3.4 Employee’s Rights Upon Termination. In the event that this Agreement is terminated by Bank
without Cause prior to August 9, 2006, Employee shall receive all Base Salary to be paid according to this Agreement through August 9, 2006 plus six (6) months Base Salary. Such amount shall be paid on an accelerated basis in a
lump-sum on the termination date. Additionally, Employee shall be entitled to participate, in the employee benefits provided pursuant to Section 2.2 above for six (6) months from the termination date. In the event that this Agreement is
terminated by Bank for Cause, Employee shall be entitled to receive all pay and benefits earned through the date of termination with any benefits being paid in arrears being pro rated through the date of termination. 

4. Covenant Not to Compete. From August 9, 2004 and for a period of one (1) year following the termination of this Agreement for any
reason, Employee shall not, without prior written consent of Bank, engage in any business activity, directly or indirectly, on her own behalf or as a partner, shareholder (except by ownership of less than five percent (5%) of the stock of a
publicly-held bank or corporation), director, trustee, principal, agent, employee, consultant or otherwise, with any bank, thrift, savings and loan or credit union having an office or branch within a 25-mile radius of any of Bank’s offices or
branches. 
 5. Confidential Information and Property of Bank. 
 5.1 Confidential Information. Employee acknowledges and agrees that in connection with his employment by Bank, Employee will have access to certain confidential and proprietary information owned by
and related to Bank and CSB. For purposes of this Agreement, “Confidential Information” means any proprietary information of or related to Bank and CSB and their Affiliates and Customers, including but not limited to: (i) operations
manuals and guidelines, marketing manuals and plans and business strategies, techniques and methodologies; (ii) financial information, including information set forth in internal records, files and ledgers, or incorporated in profit and loss
statements, fiscal reports, sales reports and business plans; (iii) any and all active prospective mergers or acquisitions, and all financial data, pricing terms, information memoranda and due diligence reports relating thereto; (iv) all
internal memoranda and other office records, including electronic and data processing files and records and financial information regarding customers and (v) any other information constituting a trade secret under governing trade secrets law.

 5.2 Non-Disclosure of Confidential Information. Employee shall not at any time use,
disclose or divulge any such Confidential Information to any third party, except: (i) in connection with the discharge of her duties hereunder; (ii) with the prior written consent of Bank which consent may be withheld in Bank’s sole
discretion or (iii) to the extent necessary to comply with law or the valid order of a court of competent jurisdiction, in which event Employee shall notify Bank immediately prior to making such disclosure. Employee shall use her best efforts
to prevent any such disclosure by others. 
 6. Remedies. Employee acknowledges that the services to be rendered by her are of a special,
unique and extraordinary character and that it would be extremely difficult or impracticable to replace such services, that the provisions of this Agreement are of crucial importance to Bank and that any damage caused by the breach of this Agreement
could result in irreparable harm to the business of Bank and CSB. Accordingly, Employee agrees to at all times to honor and comply with all of the provisions of this contract. 
 7. Change in Control. 
 7.1 Changes in Control. Upon the occurrence
of a Change in Control of CSB (as herein defined) Bank shall provide Change in Control Benefits to Employee as set forth below, subject to the provisions of Section 7.2(c). A “Change in Control” for the purposes of this Agreement
shall be deemed to have occurred if either (i) any person, together with its Affiliates or Associates, acquires beneficial ownership, directly or indirectly, of shares of CSB, entitling such person, together with such Affiliates or Associates,
to cast more than one-third of the votes eligible to be cast at any meeting of shareholders of CSB, (ii) a change occurs in the acquisition of the ability to control the election of a majority of CSB’s directors, (iii) a change occurs
in the acquisition of a controlling influence over the management or policies of CSB by any person or by persons acting as a “group” (within the meaning of Section 13(d) of the Securities Exchange Act of 1934) or (iv) during any
period of two consecutive years, individuals (the “Continuing Directors”) who at the beginning of such period constitute the Board of Directors of CSB (the “Existing Board”) cease for any reason to constitute at least a majority
thereof, provided that any individual whose election or nomination for election as member of the Existing Board was approved by a vote of at least a majority of the Continuing Directors then in office shall be considered a Continuing Director. For
purposes of this definition, a person shall be deemed the “beneficial owner” of any shares of CSB (i) which such person or any of its Affiliates or Associates, as defined below, beneficially owns, directly or indirectly;
(ii) which such person or any of its Affiliates or Associates, has directly or indirectly, (A) the right to acquire (whether such right is exercisable immediately or only after the passage of time), pursuant to any agreement, arrangement
or understanding or upon the exercise of conversion rights, exchange rights, warrants or options, or otherwise, or (B) the right to vote pursuant to any agreement, arrangement or understanding or (iii) which are beneficially owned,
directly or indirectly, by any other person with which such person or any of its Affiliates or Associates has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of any shares of CSB. For purposes
of this Agreement, a “person” shall mean any individual, firm, company, partnership, other entity or group, and the terms “Affiliate” or “Associate” shall have the respective meanings ascribed to such terms in Rule
12b-2 of the General Rules and Regulations promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as of the date hereof Provided however, that a Change of Control shall not be deemed to have resulted from
any transfer (i) to CSB, (ii) to a fiduciary for the benefit of the transferring owner or his spouse or lineal descendants or (iii) by will or by operation of the laws of descent and distribution. 

 7.2 Change in Control Benefits. The Change in Control benefits that Employee shall be
entitled to receive in accordance with the provisions hereof are as follows: 
 (a) Employee shall receive her Base Salary for a
two (2) year period following termination of employment pursuant to Section 7.2(c), below. Such Base Salary shall be paid periodically at the same frequency as prior to the termination of employment. 

(b) Bank shall provide to Employee continued coverage for one (1) year under a health plan with benefits the same or similar to those
Employee had with Bank prior to the Change in Control. 
 (c) Notwithstanding any other provision of this Agreement, no Change
of Control benefits will be payable unless Employee’s employment is terminated either by Bank or Employee, with or without cause or for any reason, within ninety (90) days, either prior to or subsequent to, the occurrence of the Change of
Control. Upon the occurrence of a Change of Control and for ninety (90) days thereafter, Employee may terminate her employment hereunder for any reason. No Change of Control benefits will be payable should termination occur as the result of a
“For Cause” incident. 
 7.3 Tax Obligations. In the event that any Change in Control benefits which Employee
is entitled to receive from Bank (either under this Agreement or otherwise) constitute an “excess parachute payment” as defined for the purposes of Section 280G(b)(1) of the Internal Revenue Code of 1986, as amended (the
“Code”), then such Change in Control benefits shall be reduced such that no “excess parachute payment” is received by Employee from Bank. 
 7.4 Mitigation of Benefits. Employee shall not be required to mitigate the amount of any paid Change in Control benefit by seeking other employment or otherwise, nor shall the amount of any Change
in Control benefit be reduced by any compensation earned by Employee as the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by Employee to Bank or for any other reason. 

8. Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties with respect to the transactions
contemplated hereby and supersedes all prior agreements, arrangements and understandings of the parties with respect to the subject matter hereof No amendment or modification of this Agreement shall be valid or binding unless made in writing and
signed by the parties hereto. 
 9. Notices. All notices and other communications under this Agreement shall be in writing and shall be
deemed to have been duly given on the date of service if served personally on the party (including without limitation service by overnight courier service) to whom notice is to be given, or on the third day after mailing if mailed to the party to
whom notice is to be given, by first class mail, registered or certified, postage prepaid, at the address set forth below, or on the date of service if delivered by facsimile to the facsimile number then utilized by the party receiving the
facsimile. All notices shall be addressed to the parties to be served as follows: 
 (a) If to Bank: 

The Commercial and Savings Bank 
 6 West Jackson
Street 
 Millersburg, Ohio 44654 

Attn: John J. Limbert, President & C.E.O. 

 Copy to: 
 Thompson Hine LLP 
 One Columbus 
 10 West Broad St. Columbus, OH 
 43215-3435 

Attn: Jeffrey E. Smith 
 (b) If to Employee:

 Paula Meiler 
 30186 Mountz Rd.

 Salem, OH 44460 
 10.
Severability. If any provision of this Agreement shall be invalid or unenforceable, in whole or in part, then such provision shall be deemed to be modified or restricted to the extent and in the manner necessary to render the same valid and
enforceable, and this 
 Agreement shall be construed and enforced to the maximum extent permitted by law. 

11. Waiver. No waiver of any default or breach of this Agreement shall be deemed a continuing waiver or a waiver of any other breach or default.

 12. Governing Law. This agreement shall be governed by and construed in accordance with the laws of the State of Ohio without regard
to principles of conflicts of law. 
 13. Assignment. Employee may not assign any rights or obligations under this Agreement without the
prior written consent of Bank. If Bank, or any entity resulting from any stock purchase, merger or consolidation with or into Bank, is merged with or consolidated into or with any other entity or entities, or if substantially all of the stock or
operating assets of any of the aforementioned entities is sold or otherwise transferred to another entity, the provisions of this Agreement shall be binding upon and shall inure to the benefit of the continuing entity in, or the entity resulting
from, such asset purchase, merger or consolidation, or the entity to which such assets are sold or transferred. 
 14. Headings; Gender.
The headings contained in this Agreement are for reference purposes only and should not affect in any way the meaning or interpretation of this Agreement. When the context requires, the gender of all words used herein shall include the masculine,
feminine and neuter. 
 15. Mutual Negotiation. Each party has been represented by counsel in drafting and negotiating this Agreement.
This Agreement shall therefore be deemed to have been negotiated, prepared and drafted jointly hereto. This Agreement shall not be construed against any party as the sole drafter or author of the Agreement. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the Effective Date. 

THE COMMERCIAL AND SAVINGS BANK, an Ohio state bank 

 

			
	 	 	By: /s/ John J. Limbert
		 	Its: President and Chief Executive Officer
		
		 	EMPLOYEE

  

							
		 		 	/s/ Paula Meiler

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