Document:

Amendment No. 2 to Loan Agreement, dated August 21, 2008

 Exhibit 10.1 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 
 1251 Avenue of the Americas 
 New York, New York 10020-1104 
 August 21, 2008 
 AVON PRODUCTS, INC. 
 Midland
and Peck Avenue 
 Rye, New York 10580 
  

	 	Re:	Amendment No. 2 to Loan Agreement (this “Amendment”) 

 Gentlemen: 
 Reference is made to that certain Loan Agreement, dated August 28, 2006, as amended by that certain Amendment
No. 1, dated August 6, 2007 (said agreement, as so amended, and as otherwise amended from time to time, is hereinafter referred to as the “Agreement”), between The Bank of Tokyo-Mitsubishi UFJ, Ltd. (the “Bank”), and
Avon Products, Inc. (the “Borrower”). Terms defined in the Agreement are used herein with the same meaning. 
 The Borrower has
requested that the term of the uncommitted credit facility made available pursuant to the Agreement for general corporate purposes be extended for a period of one year, and the Bank hereby agrees to such extension, based upon the terms and
conditions set forth in this Amendment No. 2 (this “Amendment”). 
 Accordingly, the Agreement is hereby amended as follows:

  

	 	1.	Amendment. In Section 1 of the Agreement, the reference to the date “August 28, 2008” is hereby deleted and replaced with the following new date: “August
28, 2009”. 

  

	 	2.	Conditions to Effectiveness. This Amendment shall be effective as of the date first above written upon satisfaction of the following conditions precedent: (a) the Bank
shall have received: (i) a counterpart signature page of this Amendment duly executed by the Borrower, and (ii) corporate resolutions of the Borrower authorizing the total consolidated indebtedness of the Borrower and a certificate
executed by an officer of the Borrower certifying that the maximum facility amount under this Amendment is within such authorization, (b) no Events of Default under Section 16 of the Agreement shall have occurred and be continuing either
before or immediately after giving effect to this Amendment, and (c) all representations, warranties and covenants contained in the Agreement shall be true and correct both as of the date hereof and immediately after giving effect to this
Amendment. 

  

	 	4.	 Reference to, and Effect on, Agreement. (a) The Agreement (except as specifically amended herein) shall remain in full force and effect and the
Agreement is hereby ratified and confirmed in all respects by each of the parties hereto. (b) 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 the Bank under, nor constitute a 

	 	 
waiver of any provision of, the Agreement. (c) To the extent that the consent of any party hereto, in any capacity, is required under the Agreement to
any of the amendments set forth herein, such party hereby grants such consent. 

  

	 	5.	Miscellaneous. This Amendment shall be binding upon and inure to the benefit of the Borrower and the Bank, and their respective successors and assigns. This Amendment may be
executed in any number of counterparts and by each party hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and both of which taken together shall constitute one and the same instrument.
Delivery of an executed counterpart hereof by telecopy or other electronic means shall be deemed to be an original. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York (including
Section 5-1401-1 of the general obligations law), but without regard to any other conflicts of law provisions thereof. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of
this Amendment or are given any substantive effect. 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be executed by their respective officers thereunto duly authorized, as of the date first above written. 
  

			
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
		
	By:	 	 /s/ Naomi Saffra

	Name:	 	Naomi Saffra
	Title:	 	Authorized Signatory

 Accepted and agreed to as 
 of the date first written above: 
  

			
	Avon Products, Inc.
		
	By:	 	 /s/ Richard J. Valone

	Name:	 	Richard J. Valone
	Title:	 	Vice President & Treasurer

  

 2Amended Employment Agreement between FPFC and Steven R. Lewis

 Exhibit 10.1 
 FIRST PLACE FINANCIAL CORP. 
 AMENDED EMPLOYMENT AGREEMENT 
 This AGREEMENT (“Agreement”) originally effective July 1, 2003, by and between First Place Financial Corp. (the “Holding
Company”), a corporation organized under the laws of Delaware, with its principal offices at 185 East Market Street, Warren, Ohio, and Steven R. Lewis (“Executive”) is hereby amended effective July 1, 2008. Any reference
to “Institution” herein shall mean First Place Bank or any successor thereto. 
 WHEREAS, the Holding Company wishes to
assure itself of the services of Executive for the period provided in this Agreement; and 
 WHEREAS, the Executive is willing to serve in
the employ of the Holding Company on a full-time basis for said period. 
 NOW, THEREFORE, in consideration of the mutual covenants herein
contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows: 
 1. POSITION AND RESPONSIBILITIES.

 During the period of Executive’s employment hereunder, Executive agrees to serve as President and Chief Executive Officer of the
Holding Company. The Executive shall render administrative and management services to the Holding Company such as are customarily performed by persons in a similar executive capacity. During said period, Executive also agrees to serve, if elected,
as an officer or director of any subsidiary of the Holding Company. 
 2. TERMS AND DUTIES. 
 (a) The period of Executive’s employment under this Agreement shall be deemed to have commenced as of July 1, 2008, and shall continue
for a period of thirty-six (36) full calendar months thereafter. Effective beginning July 1, 2008, the term of this Agreement shall be extended for one day each day until such time as the board of directors of the Holding Company (the
“Board”) or Executive elects not to extend the term of the Agreement by giving written notice to the other party in accordance with Section 8 of this Agreement, in which case the term of this Agreement shall be fixed and shall end on
the third anniversary of the date of such written notice. 
 (b) During the period of Executive’s employment hereunder, except for
periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence, Executive shall devote substantially all his business time, attention, skill, and efforts to the faithful performance of his duties hereunder,
including activities and services related to the organization, operation and management of the Holding Company and its direct or indirect 

 
subsidiaries (“Subsidiaries”) and participation in community, professional and civic organizations; provided, however, that, with the approval of
the Board, as evidenced by a resolution of such Board, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in such Board’s
judgment, will not present any conflict of interest with the Holding Company or its Subsidiaries, or materially affect the performance of Executive’s duties pursuant to this Agreement. 
 (c) Notwithstanding anything herein contained to the contrary, Executive’s employment with the Holding Company may be terminated by the Holding
Company or Executive during the term of this Agreement, subject to the terms and conditions of this Agreement. However, Executive shall not perform, in any respect, directly or indirectly, during the pendency of his temporary or permanent suspension
or termination from the Institution, duties and responsibilities formerly performed at the Institution as part of his duties and responsibilities as President and Chief Executive Officer of the Holding Company. 
 3. COMPENSATION AND REIMBURSEMENT. 
 (a) The Executive shall
be entitled to a salary from the Holding Company or its Subsidiaries in an amount not less than the Base Salary in effect on the date of signing this Agreement (“Base Salary”). Base Salary shall include any amounts of compensation deferred
by Executive under any qualified or unqualified plan maintained by the Holding Company and its Subsidiaries. Such Base Salary shall be payable bi-weekly. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least
annually. Such review shall be conducted by the Board or by a Committee of the Board delegated such responsibility by the Board on such dates as shall be established by the Board or by the Committee. The Committee or the Board may increase
Executive’s Base Salary. Any increase in Base Salary shall become the “Base Salary” for purposes of this Agreement. In addition to the Base Salary provided in this Section 3(a), the Holding Company shall also provide Executive,
at no premium cost to Executive, with all such other benefits as provided uniformly to permanent full-time employees of the Holding Company and its Subsidiaries. 
 (b) The Executive shall be entitled to participate in any employee benefit plans, arrangements and perquisites substantially equivalent to those in which Executive was participating or otherwise deriving benefit from
immediately prior to the beginning of the term of this Agreement, and the Holding Company and its Subsidiaries will not, without Executive’s prior written consent, make any changes in such plans, arrangements or perquisites which would
materially adversely affect Executive’s rights or benefits thereunder, except to the extent that such changes are made applicable to all Holding Company and Institution employees eligible to participate in such plans, arrangements and
perquisites on a non-discriminatory basis. Without limiting the generality of the foregoing provisions of this Subsection (b), Executive shall be entitled to participate in or receive benefits under any employee benefit plans including, but not
limited to, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident plans, medical coverage or any other employee benefit plan or arrangement made available by the Holding Company and its
Subsidiaries in the future to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions 

  

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and overall administration of such plans and arrangements. Executive shall be entitled to incentive compensation and bonuses as provided in any plan of the
Holding Company and its Subsidiaries in which Executive is eligible to participate. Nothing paid to the Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which the Executive is entitled under this
Agreement. 
 (c) In addition to the Base Salary provided for by paragraph (a) of this Section 3 and other compensation provided
for by paragraph (b) of this Section 3, the Holding Company shall pay or reimburse Executive for all reasonable travel and other reasonable expenses incurred in the performance of Executive’s obligations under this Agreement and may
provide such additional compensation in such form and such amounts as the Board may from time to time determine. 
 4. PAYMENTS TO EXECUTIVE UPON AN EVENT OF
TERMINATION. 
 (a) Upon the occurrence of an Event of Termination (as herein defined) during the Executive’s term of employment under
this Agreement, the provisions of this Section shall apply. As used in this Agreement, an “Event of Termination” shall mean and include any one or more of the following: (i) the termination by the Holding Company of Executive’s
full-time employment hereunder for any reason other than a termination governed by Section 5(a) hereof, or Termination for Cause, as defined in Section 7 hereof; (ii) Executive’s resignation from the Holding Company’s employ
upon (A) any failure to elect or reelect or to appoint or reappoint Executive as President and Chief Executive Officer, unless consented to by the Executive, (B) a material change in Executive’s function, duties, or responsibilities
with the Holding Company or its Subsidiaries, which change would cause Executive’s position to become one of lesser responsibility, importance, or scope from the position and attributes thereof described in Section 1, above, unless
consented to by the Executive, (C) a relocation of Executive’s principal place of employment by more than 50 miles from its location at the effective date of this Agreement, unless consented to by the Executive, (D) a material
reduction in the benefits and perquisites to the Executive from those being provided as of the effective date of this Agreement, unless consented to by the Executive, (E) a liquidation or dissolution of the Holding Company or the Institution,
or (F) breach of this Agreement by the Holding Company. Upon the occurrence of any event described in clauses (A), (B), (C), (D), (E) or (F), above, Executive shall have the right to elect to terminate his employment under this Agreement
by resignation upon not less than sixty (60) days prior written notice. Such election to terminate shall be deemed to be an involuntary termination provided that (i) the Executive provides notice to the Holding Company of the existence of
one of the conditions described above within ninety days of the initial existence of the condition and the Holding Company shall be provided with a period of thirty days during which it may remedy the condition and not pay the payment provided in
part (b) below or provide the coverage provided in part (c) below, and (ii) the Date of Termination is within two years of the initial existence of the condition. 
 (b) Upon the occurrence of an Event of Termination, on the Date of Termination, as defined in Section 8, the Holding Company shall be obligated to
pay Executive, or, in the event of his subsequent death, his beneficiary or beneficiaries, or his estate, as the case may be, a sum 

  

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equal to the sum of: (i) the amount of the remaining payments that the Executive would have earned if he had continued his employment with the Holding
Company and the Institution during the remaining term of this Agreement at the Executive’s Base Salary at the Date of Termination; and (ii) the amount equal to the annual contributions that would have been made on Executive’s behalf
to any employee benefit plans of the Institution or the Holding Company during the remaining term of this Agreement based on contributions made (on an annualized basis) at the Date of Termination. Such payments shall be made in a lump sum
(i) on the first payroll pay date following Executive’s Date of Termination, or (ii) on the first payroll pay date following the date that is six months after the Date of Termination if, on the Date of Termination, Executive is a
Specified Employee as defined in Internal Revenue Code Section 409A, and such Code Section and the associated regulations so require. Such payments shall not be reduced in the event the Executive obtains other employment following termination
of employment. 
 (c) Upon the occurrence of an Event of Termination, the Holding Company will cause to be continued life, medical and dental
coverage substantially equivalent to the coverage maintained by the Holding Company or its Subsidiaries for Executive prior to his termination at no premium cost to the Executive. Such coverage shall cease upon the expiration of the remaining term
of this Agreement. 
 5. CHANGE IN CONTROL. 
 (a)
For purposes of this Agreement, a “Change in Control” of the Holding Company or the Institution shall mean an event of a nature that: (i) would be required to be reported in response to Item 1 of the current report on Form 8-K,
as in effect on the date hereof, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); or (ii) results in a Change in Control of the Institution or the Holding Company within the
meaning of the Home Owners’ Loan Act of 1933, as amended, the Federal Deposit Insurance Act, and the Rules and Regulations promulgated by the Office of Thrift Supervision (“OTS”) (or its predecessor agency), as in effect on the date
hereof (provided, that in applying the definition of change in control as set forth under the rules and regulations of the OTS, the Board shall substitute its judgment for that of the OTS); or (iii) without limitation such a Change in Control
shall be deemed to have occurred at such time as (A) any “person” (as the term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of voting securities of the Institution or the Holding Company representing 50% or more of the Institution’s or the Holding Company’s outstanding voting securities or right to acquire such securities except for any
voting securities of the Institution purchased by the Holding Company and any voting securities purchased by any employee benefit plan of the Holding Company or its Subsidiaries, or (B) individuals who constitute the Board on the date hereof
(the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the date hereof whose election was approved by a vote of at least three-quarters of the
directors comprising the Incumbent Board, or whose nomination for election by the Holding Company’s stockholders was approved by a Nominating Committee solely composed of members which are Incumbent Board members, shall be, for purposes of this
clause (B), considered as though he were a member of the Incumbent Board, or (C) a plan of reorganization, merger, consolidation, sale of all or substantially all the assets of the Institution or the Holding 

  

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Company or similar transaction occurs or is effectuated in which the Institution or Holding Company is not the resulting entity; provided, however, that such
an event listed above will be deemed to have occurred or to have been effectuated upon the receipt of all required federal regulatory approvals not including the lapse of any statutory waiting periods, or (D) a proxy statement has been
distributed soliciting proxies from stockholders of the Holding Company, by someone other than the current management of the Holding Company, seeking stockholder approval of a plan of reorganization, merger or consolidation of the Holding Company or
Institution with one or more corporations as a result of which the outstanding shares of the class of securities then subject to such plan or transaction are exchanged for or converted into cash or property or securities not issued by the
Institution or the Holding Company, or (E) a tender offer is made for 20% or more of the voting securities of the Institution or Holding Company then outstanding. 
 (b) If a Change in Control has occurred pursuant to Section 5(a) or the Board has determined that a Change in Control has occurred, Executive shall be entitled to the benefits provided in paragraphs (c) and
(d) of this Section 5 upon his subsequent termination of employment at any time during the term of this Agreement due to (i) Executive’s dismissal, or (ii) Executive’s resignation following any material demotion, loss
of title, office, or significant authority or responsibility, material reduction in annual compensation or benefits or relocation of his principal place of employment by more than 50 miles from its location immediately prior to the Change in
Control, unless such termination is because of his death, disability, retirement or Termination for Cause. Such resignation shall be deemed to be an involuntary termination provided that (i) the Executive provides notice to the Holding Company
of the existence of one of the conditions described above within ninety days of the initial existence of the condition and the Holding Company shall be provided with a period of thirty days during which it may remedy the condition and not pay the
payment provided in part (c) below or provide the coverage provided in part (d) below, and (ii) the Date of Termination is within two years of the initial existence of the condition. 
 (c) Upon the Executive’s entitlement to benefits pursuant to Section 5(b), the Holding Company shall pay Executive, or in the event of his
subsequent death, his beneficiary or beneficiaries, or his estate, as the case may be, as severance pay or liquidated damages, or both, a sum equal to the greater of: (i) the payments due for the remaining term of the Agreement; or
(ii) three (3) times Executive’s average annual compensation for the five (5) most recent taxable years that Executive has been employed by the Holding Company or the Institution or such lesser number of years in the event that
Executive shall have been employed by the Holding Company or the Institution for less than five (5) years. Such annual compensation shall include Base Salary, commissions, bonuses, any other cash compensation, contributions or accruals on
Executive’s behalf to any pension and/or profit sharing plan, severance payments, retirement payments, directors or committee fees and fringe benefits paid or to be paid to the Executive in any such year and payment of any expense items without
accountability or business purpose or that does not meet the Internal Revenue Service requirements for deductibility by the Holding Company or the Institution. Such payment shall be made in a lump sum (i) on the first payroll pay date following
Executive’s Date of Termination, or (ii) on the first payroll pay date following the date that is six months after the Date of Termination if, on the Date of Termination, Executive is a Specified Employee as defined in Internal Revenue
Code Section 409A, and such Code Section and the associated regulations so require. Such payments shall not be reduced in the event Executive obtains other employment following termination of employment. 
  

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 (d) Upon the Executive’s entitlement to benefits pursuant to Section 5(b), the Company will
cause to be continued life, medical and dental coverage substantially equivalent to the coverage maintained by the Institution for Executive prior to his severance at no premium cost to Executive. Such coverage and payments shall cease upon the
expiration of thirty-six (36) months following the Date of Termination. 
 6. CHANGE OF CONTROL RELATED PROVISIONS. 
 Notwithstanding the provisions of Section 5, in no event shall the aggregate payments or benefits to be made or afforded to Executive under said
paragraphs (the “Termination Benefits”) constitute an “excess parachute payment” under Section 280G of the Internal Revenue Code of 1986, as amended, or any successor thereto, and in order to avoid such a result, Termination
Benefits will be reduced, if necessary, to an amount (the “Non-Triggering Amount”), the value of which is one dollar ($1.00) less than an amount equal to three (3) times Executive’s “base amount” as determined in
accordance with said Section 280G. The allocation of the reduction required hereby among the Termination Benefits provided by Section 5 shall be determined by Executive. 
 7. TERMINATION FOR CAUSE. 
 The term “Termination for Cause” shall mean termination because of
Executive’s personal dishonesty, willful misconduct, conduct damaging the reputation of the Holding Company or the Institution, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful
violation of any law, rule, regulation (other than traffic violations or similar offenses) or final cease and desist order or material breach of any provision of this Agreement. Notwithstanding the foregoing, Executive shall not be deemed to have
been Terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a
meeting of the Board called and held for that purpose (after reasonable notice to Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive was guilty
of conduct justifying Termination for Cause and specifying the particulars thereof in detail. Executive shall not have the right to receive compensation or other benefits for any period after the Date of Termination for Cause. During the period
beginning on the date of the Notice of Termination for Cause pursuant to Section 8 hereof through the Date of Termination for Cause, stock options and related limited rights granted to Executive under any stock option plan shall not be
exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of the Institution, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination for Cause, such stock options and related
limited rights and any such unvested awards shall become null and void and shall not be exercisable by or delivered to Executive at any time subsequent to such Termination for Cause. 
  

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 8. NOTICE. 
 (a) Any purported termination by the Holding Company or by Executive shall be communicated by Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a written notice
which shall indicate the specific termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of Executive’s employment under the provision
so indicated. 
 (b) “Date of Termination” shall mean the date specified in the Notice of Termination (which, in the case of a
Termination for Cause, shall not be less than thirty (30) days from the date such Notice of Termination is given); provided, however, that if a dispute regarding the Executive’s termination exists, the “Date of Termination” shall
be determined in accordance with Section 8(c) of this Agreement. 
 (c) If, within thirty (30) days after any Notice of Termination
is given, the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, except upon the occurrence of a Change in Control and voluntary termination by the Executive in which case the Date
of Termination shall be the date specified in the Notice, the Date of Termination shall be the date on which the dispute is finally determined, either by mutual written agreement of the parties, by a binding arbitration award, or by a final
judgment, order or decree of a court of competent jurisdiction (the time for appeal therefrom having expired and no appeal having been perfected) and, provided further, that the Date of Termination shall be extended by a notice of dispute only if
such notice is given in good faith and the party giving such notice pursues the resolution of such dispute with reasonable diligence. Notwithstanding the pendency of any such dispute, the Holding Company will continue to pay Executive his full
compensation in effect when the notice giving rise to the dispute was given (including, but not limited to, Base Salary) and continue him as a participant in all compensation, benefit and insurance plans in which he was participating when the notice
of dispute was given, until the dispute is finally resolved in accordance with this Agreement. Amounts paid under this Section are in addition to all other amounts due under this Agreement and shall not be offset against or reduce any other amounts
due under this Agreement. 
 9. POST-TERMINATION OBLIGATIONS. 
 All payments and benefits to Executive under this Agreement shall be subject to Executive’s compliance with this Section 9 for one (1) full year after the earlier of the expiration of this Agreement or
termination of Executive’s employment with the Holding Company. Executive shall, upon reasonable notice, furnish such information and assistance to the Holding Company as may reasonably be required by the Holding Company in connection with any
litigation in which it or any of its subsidiaries or affiliates is, or may become, a party. 
 10. NON-COMPETITION AND NON-DISCLOSURE. 
 (a) Upon any termination of Executive’s employment hereunder pursuant to Section 4 hereof, Executive agrees not to compete with the Holding
Company or its Subsidiaries for a period of one (1) year following such termination in any city, town or county in which the 

  

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Executive’s normal business office is located and the Holding Company or any of its Subsidiaries has an office or has filed an application for
regulatory approval to establish an office, determined as of the effective date of such termination, except as agreed to pursuant to a resolution duly adopted by the Board. Executive agrees that during such period and within said cities, towns and
counties, Executive shall not work for or advise, consult or otherwise serve with, directly or indirectly, any entity whose business materially competes with the depository, lending or other business activities of the Holding Company or its
Subsidiaries. The parties hereto, recognizing that irreparable injury will result to the Holding Company or its Subsidiaries, its business and property in the event of Executive’s breach of this Subsection 10(a) agree that in the event of any
such breach by Executive, the Holding Company or its Subsidiaries will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive, Executive’s partners, agents, servants,
employees and all persons acting for or under the direction of Executive. Executive represents and admits that in the event of the termination of his employment pursuant to Section 7 hereof, Executive’s experience and capabilities are such
that Executive can obtain employment in a business engaged in other lines and/or of a different nature than the Holding Company or its Subsidiaries, and that the enforcement of a remedy by way of injunction will not prevent Executive from earning a
livelihood. Nothing herein will be construed as prohibiting the Holding Company or its Subsidiaries from pursuing any other remedies available to the Holding Company or its Subsidiaries for such breach or threatened breach, including the recovery of
damages from Executive. 
 (b) Executive recognizes and acknowledges that the knowledge of the business activities and plans for business
activities of the Holding Company and its Subsidiaries, as it may exist from time to time, is a valuable, special and unique asset of the business of the Holding Company and its Subsidiaries. Executive will not, during or after the term of his
employment, disclose any knowledge of the past, present, planned or considered business activities of the Holding Company and its Subsidiaries thereof to any person, firm, corporation, or other entity for any reason or purpose whatsoever unless
expressly authorized by the Board of Directors or required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived
from the business plans and activities of the Holding Company and its Subsidiaries. In the event of a breach or threatened breach by the Executive of the provisions of this Section, the Holding Company will be entitled to an injunction restraining
Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities of the Holding Company or its Subsidiaries, or from rendering any services to any person, firm, corporation or other entity
to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed as prohibiting the Holding Company from pursuing any other remedies available to the Holding Company for such breach
or threatened breach, including the recovery of damages from Executive. 
 11. SOURCE OF PAYMENTS. 
 (a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Holding Company subject to
Section 11(b). 
  

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 (b) Notwithstanding any provision herein to the contrary, to the extent that payments and benefits, as
provided by this Agreement, are paid to or received by Executive under the Employment Agreement dated December 31, 1998, between Executive and the Institution, such compensation payments and benefits paid by the Institution will be subtracted
from any amount due simultaneously to Executive under similar provisions of this Agreement. Payments pursuant to this Agreement and the Institution Agreement shall be allocated in proportion to the services rendered and time expended on such
activities by the Executive as determined by the Holding Company and the Institution on a quarterly basis. 
 12. EFFECT ON PRIOR AGREEMENTS AND EXISTING
BENEFITS PLANS. 
 This Agreement contains the entire understanding between the parties hereto and supersedes any prior employment agreement
between the Holding Company or any predecessor of the Holding Company and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to the Executive of a kind elsewhere provided. No provision of
this Agreement shall be interpreted to mean that Executive is subject to receiving fewer benefits than those available to him without reference to this Agreement. 
 13. NO ATTACHMENT. 
 (a) Except as required by law, no right to receive payments under this Agreement shall be subject to
anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to affect any
such action shall be null, void, and of no effect. 
 (b) This Agreement shall be binding upon, and inure to the benefit of, Executive and
the Holding Company and their respective successors and assigns. 
 14. MODIFICATION AND WAIVER. 
 (a) This Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto. 
 (b) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the
specific term or condition waived and shall not constitute a waiver of such term or condition for the future as to any act other than that specifically waived. 
 15. SEVERABILITY. 
 If, for any reason, any provision of this Agreement, or any part of any provision, is held invalid, such
invalidity shall not affect any other provision of this Agreement or any part of such provision not held so invalid, and each such other provision and part thereof shall to the full extent consistent with law continue in full force and effect.

  

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 16. HEADINGS FOR REFERENCE ONLY. 
 The headings of sections and paragraphs herein are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement. 
 17. GOVERNING LAW. 
 The validity, interpretation,
performance and enforcement of this Agreement shall be governed by the laws of the State of Delaware, unless otherwise specified herein. 
 18. ARBITRATION.

 Any dispute or controversy arising under or in connection with this Agreement shall be settled exclusively by arbitration, conducted before
a panel of three arbitrators sitting in a location selected by the Executive within fifty (50) miles from the location of the Institution, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be
entered on the arbitrator’s award in any court having jurisdiction; provided, however, that Executive shall be entitled to seek specific performance of his right to be paid until the Date of Termination during the pendency of any dispute or
controversy arising under or in connection with this Agreement. 
 In the event any dispute or controversy arising under or in connection
with Executive’s termination is resolved in favor of the Executive, whether by judgment, arbitration or settlement, Executive shall be entitled to the payment of all back-pay, including salary, bonuses and any other cash compensation, fringe
benefits and any compensation and benefits due Executive under this Agreement. 
 19. PAYMENT OF LEGAL FEES. 
 All reasonable costs and legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall
be paid or reimbursed by the Holding Company if Executive is successful pursuant to a legal judgment, arbitration or settlement. 
 20. INDEMNIFICATION.

 (a) The Holding Company shall provide Executive (including his heirs, executors and administrators) with coverage under a standard
directors’ and officers’ liability insurance policy at its expense and shall indemnify Executive (and his heirs, executors and administrators) to the fullest extent permitted under Delaware law and as provided in the Holding Company’s
certificate of incorporation against all expenses and liabilities reasonably incurred by him in connection with or arising out of any action, suit or proceeding in which he may be involved by 

  

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reason of his having been a director or officer of the Holding Company (whether or not he continues to be a director or officer at the time of incurring such
expenses or liabilities), such expenses and liabilities to include, but not be limited to, judgments, court costs and attorneys’ fees and the cost of reasonable settlements. 
 (b) Any payments made to Executive pursuant to this Section are subject to and conditioned upon compliance with 12 U.S.C. Section 1828(k) and 12
C.F.R. Part 359 and any rules or regulations promulgated thereunder. 
 21. SUCCESSOR TO THE HOLDING COMPANY. 
 The Holding Company shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or
substantially all the business or assets of the Institution or the Holding Company, expressly and unconditionally to assume and agree to perform the Holding Company’s obligations under this Agreement, in the same manner and to the same extent
that the Holding Company would be required to perform if no such succession or assignment had taken place. 
  

							
	Witness:	 		 	FIRST PLACE FINANCIAL CORP.
				
	  
	 		 	By:	 	 /s/    Samuel A. Roth

		 		 		 	Samuel A. Roth
		 		 		 	Chairman of the Board of Directors
				
	Witness:	 		 		 	
				
	  
	 		 	By:	 	 /s/    Steven R. Lewis

		 		 		 	Steven R. Lewis
		 		 		 	Executive

  

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