Document:

Exhibit
4.14 

	 	 	 	 	 	 	 	 
	AMENDMENT
    OF SOLICITATION/MODIFICATION OF CONTRACT	1. CONTRACT ID CODE	 	PAGE OF PAGES
	 	 	 	1     |     3
	2. AMENDMENT/MODIFICATION
    NO.

    0001	3.
    EFFECTIVE DATE

10/05/2015	4.
    REQUISITION/PURCHASE REQ. NO.	5.
    PROJECT NO. (If applicable)
	6. ISSUED BY                            	        CODE  	ASPR–BARDA	7. ADMINISTERED BY (If other
    than Item 6) 	CODE	ASPR–BARDA01
	ASPR–BARDA

        200
        Independence Ave., S.W. 

        Room 640–G 

        Washington DC 20201

         
	ASPR–BARDA

        330
        Independence Ave, SW, Rm G644 

        Washington DC 20201

	8.
                                         NAME AND ADDRESS OF CONTRACTOR (No., street, county, State and ZIP Code)

                                         

                                         

        MEDIWOUND
        LTD   1477616

        MEDIWOUND LTD               42
        HAYARKON

        42   HAYARKON

        YAVNE   00812
	 (x)	9A. AMENDMENT OF SOLICITATION
    NO.
	 	 	 	 	 
	 	9B. DATED
    (SEE ITEM 11)
	 	 	 	 	 
	 x	10A. MODIFICATION OF CONTRACT/ORDER
    NO.

 HHSO100201500035C
	 	 	 	 	 
	 	10B. DATED
    (SEE ITEM 13)
	CODE 1477616	FACILITY CODE	 	09/29/2015	 	 	 
	11.
    THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS
	 	 	 	 	 	 	 	 

	☐	The above numbered solicitation is amended as set forth
    in Item 14. The hour and date specified for receipt of Offers                    ☐ is extended.     ☐ is not extended. Offers must acknowledge receipt
    of this amendment prior to the hour and date specified in the solicitation or as amended, by one of the following methods:
    (a) By completing Items B and 15, and returning __________ copies of the amendment; (b) By acknowledging receipt of this amendment on
    each copy of the offer submitted; or (c) By separate letter or telegram which Includes a reference to the solicitation and
    amendment numbers. FAILURE OF YOUR ACKNOWLEDGEMENT TO BE RECEIVED AT THE PLACE DESIGNATED FOR THE RECEIPT OF OFFERS PRIOR
    TO THE HOUR AND DATE SPECIFIED MAY RESULT IN REJECTION OF YOUR OFFER. If by virtue of this amendment you desire to change
    an offer already submitted, such change may be made by telegram or letter, provided each telegram or letter makes reference
    to the solicitation and this amendment, and is received prior to the opening hour and date specified.

 

	12. ACCOUNTING
    AND APPROPRIATION DATA (If required)
	2015.1990002.26201

13.
THIS ITEM ONLY APPLIES TO MODIFICATION OF CONTRACTS/ORDERS. IT MODIFIES THE CONTRACT/ORDER NO. AS DESCRIBED IN ITEM 14.

	CHECK
    ONE	 A.
       THIS CHANGE ORDER IS ISSUED PURSUANT TO; (Specify authority) THE CHANGES SET FORTH IN ITEM 14 ARE MADE
    IN THE CONTRACT ORDER NO. IN ITEM 10A.
	 
	 	 
	 	 B.
       THE ABOVE NUMBERED CONTRACT/ORDER IS MODIFIED TO REFLECT THE ADMINISTRATIVE CHANGES (such as changes
    in paying office, appropriation date, etc.) SET FORTH IN ITEM 14, PURSUANT TO THE AUTHORITY OF FAR 43.103(b).
	 	 
	 	 C.    THIS
    SUPPLEMENTAL AGREEMENT IS ENTERED INTO PURSUANT TO AUTHORITY OF:
	 	 
	 	 D.
       OTHER (Specify type of modification and
    authority)
	 	 
	E. IMPORTANT:   Contractor   ☒ is not.     ☐ is required to sign this document and return _____________ copies to the issuing office.

14. DESCRIPTION
OF AMENDMENT/MODIFICATION (Organized by UCF section headings, including solicitation/contract subject matter where feasible.)

Tax ID Number:
C0–0000387 

DUNS Number:
532040334

PURPOSE:
To add option CLINs 0003, 0004, and 0005A into PRISM as an administrative modification. This modification only clarifies language
and does not change the any amounts obligated in the base contract.

 

	Funds Obligated Prior to this Modification	$40,430,469.00
	Funds Obligated with mod #01     $  0.00	 
	Total Funds Obligated to Date	$40,430,469.00

 

Continued
....

	 	 	 	 
	Except as
    provided     herein, all terms and conditions of the document [ILLIGIBLE] as heretofore changed, remains unchanged and in
    full force     and effect.
	15A. NAME AND TITLE OF SIGNER (Type
    or print) 	 	 16A. NAME AND TITLE OF CONTRACTING OFFICER (Type
    or print) 
	Gal Cohen

    President & Chief Executive Officer

    MediWound Ltd	Sharon
    Malka

    Chief Finance Officer MediWound Ltd.	 

                                                            BROOKE T. BERNOLD

	15B. CONTRACTOR/OFFEROR	I5C. DATE
    SIGNED	16B. UNITED
    STATES OF AMERICA	16C. DATE SIGNED
	 	 	 	 
	(Signature
    of person authorized to sign)	10/06/2015	(Signature
    of Contracting Officer)	10/7/2015
	NSN 7540-01-152-8070 	 	STANDARD FORM 30 (REV.
    10-83) 
	Previous edition unusable	 	Prescribed by GSA 
	 	 	FAR (48 CFR) 53.243
	 	 	 	 

 

    	 

    	 

    

 

 

	 	 	 	 
	CONTINUATION
    SHEET	REFERENCE
    NO. OF DOCUMENT BEING CONTINUED	PAGE
    OF
	HHS0100201500035C/0001	   2	   3

NAME
OF OFFEROR OR CONTRACTOR

MEDIWOUND LTD 1477616 

	 	 	 	 	 	 
	ITEM
    NO.

    (A)	SUPPLIES/SERVICES

    (B)	QUANTITY

    (C)	UNIT

    (D)	UNIT
    PRICE

    (E)	AMOUNT

    (F)
	 	Expiration date: September
    28, 2020 (Unchanged)	 	 	 	 
	 	 	 	 	 	 
	 	Except as provided herein,
    all terms and conditions of the document referenced in Item 9A or 10A, as heretofore changed, remains unchanged and in full
    force and effect 

    Delivery: 10/05/2015 

    Delivery Location Code: HHS/OS/ASPR 

    HHS/OS/ASPR 

    200 C St SW
    

    WASHINGTON DC 20201 US	 	 	 	 
	 	 	 	 	 	 
	 	Appr. Yr.: 2015 CAN: 1990002
    Object Class: 26201 

    FOB: Destination 

    Period of Performance: 09/29/2015 to 09/28/2020	 	 	 	 
	 	 	 	 	 	 
	 	Change Item 1
    to read as follows (amount shown is the obligated amount):	 	 	 	 
	 	 	 	 	 	 
	1	ASPR-15-08828
    -- CLIN 0001 Advanced development 

    studies for NexoBrid 

    Obligated Amount: $0.00	 	 	 	0.00
	 	 	 	 	 	 
	 	Change Item 2 to read as
    follows (amount shown is the obligated amount):	 	 	 	 
	 	 	 	 	 	 
	2	ASPR-15-08828 -- CLIN
    0002 initial purchase 

    storage and delivery of NexoBrid 

    Obligated Amount: $0.00	 	 	 	0.00
	 	 	 	 	 	 
	 	Add Item 3 as follows:	 	 	 	 
	 	 	 	 	 	 
	3	CLIN 0003 Phase IV post
    marketing commitments/Requirements 

    Amount: $5,639,146.00 (Option Line Item)	 	 	 	0.00
	 	 	 	 	 	 
	 	Add Item 4 as follows:	 	 	 	 
	 	 	 	 	 	 
	4	CLIN--0004A Pediatric
    Study

 Amount: $11,925,619.00 (Option Line Item)	 	 	 	0.00
	 	 	 	 	 	 
	 	Add Item 5 as follows:	 	 	 	 
	 	 	 	 	 	 
	5	CLIN--0004B Burn Induced
    Compartment Syndrome Study

 Amount: $4,447,713.00 (Option Line Item)	 	 	 	0.00
	 	 	 	 	 	 
	 	Add Item 6 as follows:

    Continued  . . .	 	 	 	 
	 	 	 	 	 	 
	NSN 7540-01-152.8067	 	 	 	OPTIONAL FORM 336 (4-86)

    Sponsored by GSA 

    FAR (48 CFR): 53.110

 

    	 

    	 

    

	 	 	 	 
	CONTINUATION
    SHEET	REFERENCE
    NO. OF DOCUMENT BEING CONTINUED	PAGE
    OF
	HHS0100201500035C/0001	   3	   3

NAME
OF OFFEROR OR CONTRACTOR

MEDIWOUND LTD 1477616 

	 	 	 	 	 	 
	ITEM
    NO.

    (A)	SUPPLIES/SERVICES

    (B)	QUANTITY

    (C)	UNIT

    (D)	UNIT
    PRICE

    (E)	AMOUNT

    (F)
	 	 	 	 	 	 
	6 	CLIN--0005A US Facility
    validation for manufacture
    of product

 Amount: $4,819,074.00 (Option Line Item)	 	 	 	0.00
	 	 	 	 	 	 
	 	Add Item 7 as follows:	 	 	 	 
	 	 	 	 	 	 
	7	CLIN--0005B Additional
    Surge Capacity 1 to 23,530

 Amount:
    $23,200,580.00 (Option Line Item)	 	 	 	0.00
	 	 	 	 	 	 
	 	Add Item 8 as follows:	 	 	 	 
	 	 	 	 	 	 
	8	CLIN--0005B Additional
    Surge Capacity 23,531 to 47,060

    Amount: $22, 353,500.00 (Option Line Item)	 	 	 	0.00
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	NSN 7540-01-152-8067	 	 	 	OPTIONAL FORM 336
    (4-86)

    Sponsored by GSA

    FAR (48 CFR) 53.110EXHIBIT 10.1

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT
(this “Employment Agreement”) is made and entered into as of October 27, 2015, by and among The Citizens
Bank of Logan (the “Bank”), Citizens Independent Bancorp, Inc. (“Citizens”)
(the Bank and Citizens shall be collectively referred to herein as “Company”) and Daniel Charles Fischer
(“Executive”).

 

WHEREAS, Executive
wishes to be employed by Company; and

 

WHEREAS, Company wishes
to employ Executive subject to all of the terms and conditions hereinafter set forth;

 

NOW, THEREFORE, in
consideration of Executive’s continued employment by Company, and other good and valuable consideration, the sufficiency
of which is hereby acknowledged, and intending to be legally bound hereby, Company and Executive agree as follows:

 

		1.	EMPLOYMENT TERMS AND DUTIES 

 

		1.01	EMPLOYMENT

 

Company hereby employs
Executive, and Executive hereby accepts employment by Company, as the President and CEO of both the Bank and Citizens, upon the
terms and subject to the conditions set forth in this Employment Agreement.

 

		1.02	TERM

 

This Employment Agreement
will be effective on the date set forth in the first paragraph of this Agreement (the “Effective Date”).  The
term of Executive’s employment under this Employment Agreement shall begin on the “Effective Date” and end when
terminated pursuant to the terms of this Agreement (the “Term”).   The parties agree that Appendix
I remains in full force and effect during and after the Term.

 

		1.03	DUTIES AND AUTHORITY

 

Executive shall be employed
as the President and CEO of the Bank and Citizens and shall perform the duties customarily associated with Company’s various
businesses (“Business”) as well as any other duties assigned to Executive by the Board of Directors of
the Bank and/or Citizens.  Executive shall report directly to and be subject to the supervision, advice and direction
of the Board of Directors of the Bank and Citizens.  Executive shall: (a) devote his entire business time, attention,
skill and energy exclusively to the Business; (b) serve Company faithfully, diligently and to the best of his ability; (c) use
his best efforts to promote the success of the Business; and (d) cooperate fully with  Company’s Board of Directors
(“Board”) in the advancement of the best interests of Company.

 

    	 

     

    

 

Executive shall not,
without the prior written consent of the Board of Directors of the Bank and Citizens, do anything or permit anything to be done
at his direction inconsistent with his duties to Company or opposed to its best interests, or become an officer, director, Executive
or consultant of, or otherwise become associated with or engaged in, any business other than that of Company.  

 

		2.	COMPENSATION AND BENEFITS

 

		2.01	BASIC COMPENSATION, OTHER BENEFITS AND EXPENSES

 

(a)           Salary.  Executive
shall be paid an annual base salary of $189,650 during the Term (the “Base Salary”), which Base Salary
shall be payable in equal periodic installments according to Company’s customary payroll practices, but no less frequently
than monthly.  Company may, within its sole discretion, increase the amount of Executive’s Base Salary at any point
during the Term, which amount shall become the Base Salary for the purposes of this Employment Agreement.

 

(b)           Benefits.  (i)Executive
shall, during the Term, be permitted to participate in such retirement, life insurance, hospitalization, major medical and fringe
and other Executive benefit plans of Company generally maintained for all full-time employees of Company (collectively, the “Benefits”).  Executive’s
participation will be on the same terms and under the same conditions as all other employees of Company.

 

(ii)           BOLI/SERP.  The
Company will use commercially reasonable efforts to implement a BOLI policy on the life of the Executive.   The BOLI
policy will provide a shared death benefit with a portion of the proceeds going to the Company upon the death of the Executive
and a portion being used to fund the Executive’s benefits under the Citizens Bank of Logan Supplemental Executive Retirement
Plan (the “SERP”).  The SERP benefit shall include an annual deferred compensation amount to Executive
of no less than $25,000.  The BOLI policy and SERP shall have additional terms and conditions as mutually agreed upon
by Company and Executive.  Notwithstanding the foregoing, the SERP shall at all times remain an unfunded, unsecured obligation
of the Company and neither Executive nor any beneficiary of the Executive shall any legal or equitable ownership in, or lien upon,
any BOLI policy.    

 

(iii)          AUTOMOBILE.  Company
will provide to Executive a $500.00 per month automobile allowance.  Executive may use this allowance in any manner he
deems appropriate but this allowance shall be in lieu of paying Executive any mileage reimbursement for use of his personal vehicle
for bank purposes or reimbursing Executive  for any car payments and other automobile related expenses of Executive.    

 

(iv)          RELOCATION BONUS.  Provided
that Executive has executed a binding agreement to purchase a residence or build a residence in the Territory no later than two
years after the date of this Agreement, Executive shall receive a relocation bonus equal to $33,750 which shall be paid to Executive
within five (5) business days of the date that Executive entered into the binding agreement to purchase a residence or build a
residence in the Territory.  In the event that Executive has not closed on the purchase of the residence or built the
residence in the Territory within 1 year after the date that he was paid the relocation bonus, Executive hereby agrees to repay
the relocation bonus to the Bank with interest at an annual interest rate equal to 5%.              

 

    	2

     

    

 

(v)           DIRECTORSHIP.  The
Board of Directors of the Bank and Citizens have elected Executive as a Director of the Bank and Citizens.  Executive
will not receive directors’ fees or any other payments in connection with the performance of his duties as a director of
either the Bank or Citizens.

 

(vi)          STOCK.  
Executive hereby agrees to purchase a minimum of $25,000 of stock of Citizens within 12 months of the date of this Agreement (the
“Purchased Stock”). The Board of Directors of the Company and the Bank will determine whether to permit
Mr. Fischer to purchase the Company’s stock through the Bank’s 401(k) plan.  Within five business days of
the date that Executive purchases the Purchased Stock, Citizens hereby agrees to grant Executive 1 share of restricted stock for
every two shares of Purchased Stock purchased by Executive (the “Restricted Stock”).  One third
of the total shares of Restricted Stock shall vest immediately upon the grant date, one third of the total shares of Restricted
Stock shall vest on the first anniversary of the grant date and the remaining one-third of the total shares of Restricted Stock
shall vest on the second anniversary of the grant date.  Any unvested shares of Restricted Stock shall immediately vest
upon a Change of Control of Company (as defined in the Change of Control Agreement between Company and Executive dated as of the
same date as this Agreement) or in the event that the Executive is terminated by the Company without Cause (as defined in Section
4.03).        

 

(vii)         MEMBERSHIP.  Company
will promptly reimburse Executive for the cost of the annual membership to the Hocking Hills Country Club during the Term.  

 

(viii)        TEMPORARY HOUSING EXPENSES.  
Company will promptly pay Executive $2,257 as a one-time reimbursement of taxes owed by Executive for temporary housing payments.      

 

(c)           Expenses.  Unless
prohibited by law, Company shall pay on behalf of Executive (or reimburse Executive for) reasonable expenses incurred by Executive
at the request of, or on behalf of, Company in the performance of Executive’s duties pursuant to this Employment Agreement,
and in accordance with Company’s employment policies regarding expenses.  Executive shall file written expense
reports to substantiate such expenses in accordance with Company’s policies.

 

    	 	3	 

     

    

 

		2.02	VACATION, SICK LEAVE AND PAID HOLIDAYS

 

Executive shall, during
the Term, be permitted to take paid vacation, sick leave and paid holidays as are generally made available to exempt employees
under Company’s standard policies.  

 

		2.03	PERFORMANCE BONUS

 

In addition to the Base Salary, Executive
will be eligible to receive  performance bonuses (“Bonus”), less applicable withholding, as
follows:

 

(a)           A
bonus of up to $30,000 may be awarded to Executive in January of 2016 at the discretion of the Board of Directors of the Bank and
Citizens based upon performance bonus goals and objectives mutually agreed upon by the Board of Directors and Executive and set
forth on Schedule A hereto.

 

(b)           Beginning in 2016
and continuing during the Term, Executive shall be eligible to receive a performance bonus at an amount not to exceed 25% of his
base salary, which will be awarded at the discretion of the Board of Directors of the Bank and Citizens based upon performance
bonus goals and objectives mutually agreed upon by the Board of Directors and Executive in January of each applicable year.  

 

		3.	COMPANY’S REPRESENTATION

 

This Agreement has been duly authorized
by Company.

 

		4.	TERMINATION

 

		4.01	EVENTS OF TERMINATION

 

The Term, Executive’s
employment, Executive’s Salary and Benefits and any and all other rights of Executive under this Employment Agreement or
otherwise as an Executive of the Bank and Citizens shall terminate (except as otherwise provided in this Section 4):

 

(a)           immediately upon
the death of Executive;

 

(b)           immediately upon
written notice from Company to Executive that Company is terminating Executive’s employment because of the Disability of
Executive (as defined in Section 4.02);

 

(c)           immediately upon
written notice from Company to Executive that Company is terminating Executive’s employment for Cause (as defined in Section
4.03);  

 

(d)           by Company at
any time for any reason and without Cause upon written notice 30 days in advance of the effective date of termination; and/or

 

    	 	4	 

     

    

 

(e)           by Executive at
any time for any reason upon written notice given 30 days in advance of the effective date of termination.

 

		4.02	DEFINITION OF “DISABILITY”

 

For purposes of this
Agreement and because the parties agree that it would be an undue hardship on Company for Executive’s key management position
to remain open for such an extended period, Executive shall be deemed to have a “Disability” if, for physical or mental
reasons, Executive is unable to perform Executive’s duties with a reasonable accommodation under this Employment Agreement
for 270 days during any twelve month period, as determined in accordance with this Section 4.02.  The Disability of Executive
shall be determined by Company in consultation with a medical doctor selected by Company.  Executive shall submit to
a reasonable number of examinations by the medical doctor making the determination of Disability under this Section 4.02, and Executive
hereby agrees to provide a medical release that complies with the Health Insurance Portability and Accountability Act.

 

		4.03	DEFINITION OF “CAUSE”

 

For purposes of this
Agreement, the term “Cause” means: (a) a conviction (treating a nolo contendere plea or a guilty plea as a conviction),
indictments, or arrest of Executive  of any felony or of a misdemeanor involving fraud, embezzlement or theft of any
nature; (b) a commission of a fraud by Executive against Company or any customer of Company, a misappropriation or embezzlement
of Company’s or Company’s customer’s funds or property, or any breach of a fiduciary duty owed to Company; (c)
Executive’s failure to substantially perform his duties hereunder; (d) Executive’s failure to adhere to any written
Company policy; (e) Executive’s appropriation or attempted appropriation of a material business opportunity of Company; (f)
Executive’s breach of any terms and/or covenants contained in this Agreement; (g) Executive’s  engagement
in misconduct injurious to Company; or (h) if any of the Bank’s or Citizens regulators request that the Bank or Citizens
remove Executive from his duties.

 

		4.04	TERMINATION PAY

 

Notwithstanding any
provision of this Agreement to the contrary, the provisions in this Section 4.04 shall be subject to all applicable regulatory
pre-approvals and  Company shall not take any actions under this Section 4.04 prior to obtaining any such required regulatory
approvals.  Effective upon the termination of Executive’s employment under this Employment Agreement for any reason
including, but not limited to, death, Disability, termination for Cause or Executive’s decision to leave the employment of
the Company (and excepting only termination during the Term by the Company without Cause), Company shall be obligated to pay Executive  pursuant
to this Employment Agreement only accrued Salary and Benefits through the date such termination is effective (the “Accrued
Benefits”); provided, however, that Company may withhold from such Accrued Benefits any and all amounts owed to Company,
including but not limited to amounts owed due to salary advances, loans or the unauthorized appropriation of Company property,
assets or funds (such reduced amount to be referred to as the “Net Accrued Benefits”).  In the event that
the Company terminates Executive during the Term without Cause, Company shall only be obligated to pay Executive the Net Accrued
Benefits and Executive’s  Salary as follows:  if Executive is terminated during the Term by Company without
Cause on or before December 31, 2016, he will receive as severance three (3) month’s salary net of applicable taxes and paid
on the same schedule as if he were still employed by the Company; or if Executive is terminated during the Term by Company without
Cause after December 31, 2016, he will receive as severance six (6) month’s salary net of applicable taxes and paid on the
same schedule as if he were still employed by the Company.  Provided, however, and notwithstanding anything in this Agreement
to the contrary, in the event that the Bank is paying Executive under the terms of the Change of Control Agreement between the
Bank and Executive dated as of the same date as this Agreement, then Company shall not have any obligation to pay Executive any
further amounts under this Employment Agreement.      

 

    	 	5	 

     

    

 

		5.	PROTECTION OF COMPANY’S LEGITIMATE BUSINESS INTERESTS

 

The covenants by Executive
in the attached Appendix I are essential elements of this Employment Agreement, and without Executive’s  agreement
to comply with such covenants, Company would not have entered into this Employment Agreement.  Executive’s covenants
in Appendix I are independent covenants, and the existence of any claim by Executive against Company under this Employment Agreement
or otherwise, shall not excuse Executive’s breach of any covenant in Appendix I.  If Executive’s employment
hereunder expires or is terminated, this Employment Agreement shall continue in full force and effect to the extent necessary or
appropriate to enforce the covenants and agreements of Executive in Appendix I.  Executive agrees that any claim by Company
that he has breached the provisions of Appendix I or this Section 5 may, at Company’s sole option, be submitted to a court.

 

		6.	GENERAL PROVISIONS

 

		6.01	INDEMNIFICATION

 

Company shall indemnify
and hold Executive harmless from and against all claims, investigations, actions, awards and judgments, including reasonable costs
and attorneys’ fees, incurred by Executive in connection with acts or decisions made by Executive in good faith in his capacity
as either a director or as an officer of Company, so long as Executive reasonably believed that the acts or decisions were in the
best interests of Company and pursuant to all of the relevant terms of Company’s governing documents that address indemnification
of officers and directors.  

 

    	 	6	 

     

    

 

 

6.02       REPRESENTATIONS
AND WARRANTIES BY EXECUTIVE 

 

Executive represents
and warrants to Company that the execution and delivery by Executive of this Employment Agreement does not, and the performance
by Executive of Executive’s obligations hereunder shall not: (a) violate any judgment, writ, injunction or order of any court,
arbitrator or governmental agency applicable to Executive; or (b) conflict with, result in the breach of any provisions of or the
termination of, or constitute a default under, any agreement to which Executive is a party or by which Executive was, is or may
be bound.  Executive acknowledges that if he could not provide these representations and warranties, Company would not
sign the Employment Agreement.  Executive agrees that if he has breached, or in the future breaches, these representations
and warranties, he will indemnify and hold Company harmless from and against all claims, investigations, actions, awards and judgments,
including costs and attorneys’ fees, incurred by Company as a result of such breach.

 

6.03       NOTICE

 

Any notice required
or desired to be given under this Employment Agreement shall be in writing and shall be addressed as follows:

 

	 	If to Company:	The Citizens Bank of Logan
	 	 	188 West Main Street
	 	 	Logan, Ohio 43138
	 	 	Attention:  Chairman, Board of
	 	 	Directors
	 	 	 
	 	With a copy to	Vorys, Sater, Seymour and Pease LLP
	 	 	52 East Gay Street
	 	 	Columbus, Ohio 43215
	 	 	Attention:  Michael D. Martz, Esq.
	 	 	 
	 	If to Executive :	Daniel Fischer
	 	 	1002 Gertrude Ave
	 	 	Logan, Ohio 43138

 

Notice shall be deemed
given on the date it is deposited in the United States mail, first class postage prepaid and addressed in accordance with the foregoing
or the date delivered in person, whichever is earlier.  The addresses to which notices are to be sent may be changed
by written notice given in accordance with the provisions of this Section 6.03.

 

6.04        WAIVER

 

The rights and remedies
of the parties to this Employment Agreement are cumulative and not alternative. Neither the failure nor any delay by either party
in exercising any right, power or privilege under this Employment Agreement shall operate as a waiver of such right, power or privilege,
and no single or partial exercise of any such right, power or privilege shall preclude any other or further exercise of such right,
power or privilege or the exercise of any other right, power or privilege.

 

    	 	7	 

     

    

  

6.05        ASSIGNMENT;
DELEGATION OF DUTIES

 

This Employment Agreement
shall inure to the benefit of, and shall be binding upon, the parties hereto and their respective successors, assigns, heirs and
legal representatives.  The duties and covenants of Executive under this Employment Agreement, being personal, may not
be delegated or assigned by Executive.  Company may assign its obligations hereunder to any individual, entity, corporation
or partnership that succeeds to all or a portion of the relevant business or assets of Company.

 

6.06        ENTIRE
AGREEMENT; AMENDMENTS

 

This Employment Agreement, Appendix I —
NON-DISCLOSURE, INTELLECTUAL, PROPERTY PROTECTION, NON-SOLICITATION AND NON-COMPETE AGREEMENT, the Change of Control Agreement
between Citizens and Executive dated the same date as this Agreement and any other attached appendices contain the entire agreement
between the parties with respect to the subject matter hereof and supersede all prior agreements and understandings, oral or written,
between the parties hereto with respect to the subject matter hereof.  This Employment Agreement may not be amended orally,
but only by an agreement in writing signed by the parties hereto.  By signing this Agreement, the Executive agrees, without
any further consideration, to consent to any amendment necessary to avoid penalties under Section 409A of the Internal Revenue
Code.

 

6.07        GOVERNING
LAW

 

This Employment Agreement
shall be governed by and construed in accordance with the laws of the State of Ohio without regard to conflicts of laws principles.

 

6.08        JURISDICTION

 

Any action or proceeding
seeking to enforce any provision of, or based on any right arising out of, this Employment Agreement may be heard before a jury,
a court or submitted to arbitration, but any of these proceedings must be conducted in Logan, Ohio.

 

6.09        SECTION
HEADINGS, CONSTRUCTION

 

The headings of Sections
in this Employment Agreement are provided for convenience only and shall not affect its construction or interpretation.  All
references to “Section” or “Sections” refer to the corresponding Section or Sections of this Employment
Agreement, unless otherwise specified.  All words used in this Employment Agreement shall be construed to be of such
gender or number as the circumstances require.  Unless otherwise expressly provided, the word “including”
does not limit the preceding words or terms.

 

    	 	8	 

     

    

  

6.10        SEVERABILITY

 

If any provision of this
Employment Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Employment
Agreement shall remain in full force and effect.  Any provision of this Employment Agreement held invalid or unenforceable
only in part or degree shall remain in full force and effect to the extent not held invalid or unenforceable.

 

6.11        WITHHOLDING
TAXES

 

Company may withhold
from any amounts payable under this Employment Agreement such federal, state and local taxes as may be required to be withheld
pursuant to applicable law or regulation.

 

6.12        COUNTERPARTS

 

This Employment Agreement
may be executed in one or more counterparts, each of which shall be deemed to be an original copy of this Employment Agreement
and all of which, when taken together, shall be deemed to constitute one and the same agreement.

 

6.13        ATTORNEY
FEES

 

In connection with
any litigation, including appellate proceedings, arising out of or under this Agreement, the prevailing party shall be entitled
to recover reasonable attorneys’ fees and costs from the losing party.

 

6.14        SURVIVABILITY

 

The parties’
rights and obligations under Section 5 (Protection of Company’s Legitimate Business Interest), Section 6.01 (Indemnification),
Executive’s  Indemnification obligations contained in Section 6.02 (Representations and warranties by Executive
), Section 6.04 (Waiver), Section 6.07 (Governing Law), Section 6.08 (Jurisdiction), Section 6.10 (Severability), Section 6.13
(Attorney Fees), and Appendix I survive termination of this Employment Agreement.  

 

[signature page follows]

 

    	 	9	 

     

    

  

IN WITNESS WHEREOF, the parties have executed and delivered
this Employment Agreement as of the date first above written.

 

	Date:  10/27/2015	THE CITIZENS BANK OF LOGAN

 

	 	By	/s/ Donald P. Wood
	 	Name:	Donald P. Wood
	 	Title:	Chairman of the Board

 

	Date:  10/27/2015	CITIZENS INDEPENDENT BANCORP,
	 	INC.  

 

	 	By	/s/ Donald P. Wood
	 	Name: 	Donald P. Wood
	 	Title:	Chairman of the Board

 

	Date:  10/27/2015	EXECUTIVE

 

	 	/s/ Daniel Charles Fischer
	 	Print Name:  Daniel Charles Fischer

 

    	 	10	 

     

    

  

APPENDIX I

 

NON-DISCLOSURE, INTELLECTUAL PROPERTY
PROTECTION

NON-SOLICITATION AND NON-COMPETE AGREEMENT

 

This Non-Disclosure,
Intellectual Property Protection, Non-Solicitation and Non-Compete Agreement (this “Non-Compete Agreement”)
is entered into together with the Employment Agreement by and among The Citizens Bank of Logan (the “Bank”),
Citizens Independent Bancorp, Inc. (“Citizens”) (the Bank and Citizens shall be collectively referred
to herein as “Company”) and Daniel Charles Fischer (“Executive”).

 

Company and Executive
agree as follows:

 

1.           Term.
The term of this Non-Compete Agreement shall continue for the term of the Employment Agreement (the “Term”)
and for the “Post-Employment Restricted Period (as defined below).

 

2.           Definitions
of Protectable Information.

 

a:         “Intellectual
Property” means all rights, title, and interests of every kind and nature whatsoever, whether now known or unknown, in
and to any intellectual property, including without limitation any customer lists, deposit information, loan information, ideas,
inventions (whether or not patentable), designs, improvements, discoveries, innovations, patents, trademarks, service marks, trade
dress, trade names, trade secrets, works of authorship, copyrights, films, audio and video tapes, other audio and visual works
of any kind, scripts, sketches, models, formulas, tests, analyses, software, firmware, computer processes, computer and other applications,
creations, properties, and any documentation or other memorialization containing or relating to the foregoing, in each case discovered,
invented, created, written, developed, taped, filmed, furnished, produced, or disclosed by or to Executive  in the course
of rendering services to the Company.

 

b:         “Confidential
Information” means any and all knowledge and information relating to the business and affairs (including, but not limited
to, the products, processes and/or services) of Company, its parents, subsidiaries and affiliated entities (collectively referred
to as “Group” or individually as “Group Member”), that is or is intended by any of them to be of a confidential
nature, including, but not limited to, any and all knowledge and information relating to products, research, development, inventions,
manufacture, purchasing, accounting, finances, costs, profit margins, marketing, merchandising, selling, customer lists, customer
requirements, salary and personnel, pricing, pricing methods, computer programs and software, databases and data processing and
any and all other such knowledge, information and materials conceived, designed, created, used or developed by or relating to the
Group (or any Group Member).  However, Confidential Information does not include any information that may be in the public
domain or come into the public domain not as a result of a breach by Executive  of any of the terms or provisions of
this Non-Compete Agreement.

 

    	 	1	 

     

    

 

3.          Executive  Acknowledgements.

 

a:         The Executive
acknowledges that: (a) during the Term and as a part of Executive’s employment, Executive  shall be afforded access
to Confidential Information and Intellectual Property; (b) public disclosure or utilization of such Confidential Information or
Intellectual Property could have an adverse effect on the Group and their businesses; and (c) the non-disclosure provisions of
this Non-Compete Agreement are reasonable and necessary to prevent the improper use or disclosure of Confidential Information or
Intellectual Property.

 

b:         The
Executive acknowledges that: (a) the Group’s businesses operate in the following Ohio counties:  Fairfield,
Hocking and Athens (the “Territory”); (b) the Group competes with other businesses that are or could be located
in any part of the Territory; (c) the Company provides resources and training to Executive on its products and processes that
is available only to Executive s and cannot be acquired outside of the Company; and (d) the non-compete and non-solicitation
provisions of this Non-Compete Agreement are reasonable and necessary to protect the Group’s goodwill with their
customer base, their investment in their employees and their interests in their Intellectual Property and Confidential
Information.

 

4.          Obligations
Regarding Intellectual Property.

 

a:         Executive
hereby acknowledges and agrees that all copyrightable works included in the definition of Intellectual Property shall be “works
made for hire” within the meaning of the Copyright Act of 1976, as amended (17 U.S.C. §101) (the “Act”),
and that Company is to be the “author” within the meaning of the Act.  Executive  acknowledges
and agrees that all Intellectual Property is the sole and exclusive property of the Company for any and all purposes whatsoever,
and Executive and Executive’s successors and assigns shall have no right, title or interest of any kind or nature therein
or thereto, or in or to any results and proceeds therefrom.  The Company shall have all rights, title and interest in
such Intellectual Property, whether such Intellectual Property is conceived by Executive alone or with others and whether conceived
during regular working hours or other hours.

 

    	 	2	 

     

    

 

b:         In the
event that title to any or all of the Company’s Intellectual Property does not or may not, by operation of law, vest in Company,
Executive hereby assigns to Company, all of Executive’s rights, title and interests in all Intellectual Property and all
copies relating to such Intellectual Property, in whatever medium fixed or embodied, and in all writings relating thereto in Executive’s
possession or control.  Executive  hereby expressly waives hereby any rights in any Intellectual Property or
any such work made for hire.

 

c:         Executive
agrees not to file any patent, copyright or trademark applications relating to any Intellectual Property.  Executive  agrees
to assist Company whether before or after the termination of employment, in perfecting, registering, maintaining, and enforcing,
in any jurisdiction, Company’s rights in its Intellectual Property by performing promptly all acts and executing all documents
deemed necessary or convenient by Company.

 

d:         If Company
is unable, after duly reasonable effort, to secure Executive’s  signature on any such documents, Executive hereby
irrevocably designates and appoints Company and its duly authorized officers and agents as Executive’s agent and attorney-in-fact,
to do all lawfully permitted acts (including but not limited to the execution, verification and filing of applicable documents)
with the same legal force and effect as if performed by Executive.

 

5.          Obligations
Regarding Confidential Information.

 

a.           During
the Term and thereafter, Executive agrees that Executive will not: (a) use or permit the use of any Confidential Information, however
acquired, except as necessary within the scope of employment with the Company to perform Executive’s duties; (b) duplicate
or replicate or cause or permit others to duplicate or replicate any document or other material in any medium embodying any Confidential
Information, except as necessary in connection with Executive’s employment with the Company; or (c) disclose or permit the
disclosure of any Confidential Information to any person outside the Company, without the prior written consent of the Board of
Directors of the Company.

 

b.           Executive
acknowledges that the Group and each Group Member owns all rights, title and interest in and to the Confidential Information.  Executive
acquires hereunder no rights, title or interest in any Confidential Information.

 

    	 	3	 

     

    

  

c.           Executive
agrees that Executive shall not remove from the Company’s premises (except to the extent such removal is for purposes of
the performance of the Executive’s duties at home or while traveling, or except as otherwise specifically authorized by the
Company), any Confidential Information or Company property (e.g., computers, cell phones, memoranda, office supplies, software,
etc.).  Upon termination of Executive’s employment pursuant to Section 3 of the Employment Agreement, or upon the
request of the Group (or any Group Member) during the Term, Executive shall return to the Company all of the Confidential Information
and Company property in the Executive’s possession or subject to the Executive’s control, and the Executive shall not
retain any copies of such items.  Upon request, Executive will execute a sworn statement attesting that Executive has
complied with all of the terms of this provision.

 

6.          No
Outstanding Obligations.  Executive hereby represents and warrants that: (a) Executive’s employment by Company
and his performance of the terms of this Non-Compete Agreement will not breach any confidentiality or other agreement that Executive  entered
into with former employers or other entities, and (b) Executive is not bound by any agreement, either oral or written, that conflicts
with this Non-Compete Agreement.

 

7.          Covenant
Not to Compete.  Executive hereby agrees that, during the term of the Employment Agreement and for a period of one
(1) year following the termination of Executive’s  employment with the Company (the “Post-Employment
Restricted Period”), Executive  shall not engage or invest in, own, manage, operate, finance, control or
participate in the ownership, management, operation, financing or control of, be employed by, lend the Executive’s name to,
lend the Executive’s credit to or render services or advice to any business operating with the Territory and which competes
with the business being then being conducted by the Group (or any Group member) or that had been conducted by the Group (or any
Group member) within the prior twelve (12) months; provided, however, that Executive may purchase or otherwise acquire up to three
percent of any class of securities of any enterprise if such securities are listed on any national or regional securities exchange
or have been registered under Section 12(g) of the Securities Exchange Act of 1934, as amended.  This Section 7 shall
be of no further force and effect if the Executive is terminated by the Company without Cause.    

 

8.          Non-Solicitation.  Executive
agrees that, during the Term and for the Post-Employment Restricted Period, Executive shall not, directly or indirectly, solicit
any business of the same or similar type being carried on by the Group (or any Group Member) during Executive’s employment
with Company from any person or entity that was a customer of the Group (or any Group Member) during Executive’s employment
with Company, where Executive  either had personal contact with such person or entity during and by reason of the Executive’s
employment with Company or supervised the individual(s) who had responsibility for maintaining the customer’s relationship
with Company.

 

    	 	4	 

     

    

 

9.          No
Raiding.  Executive agrees that, during the Term and for the Post-Employment Restricted Period, Executive  shall
not, directly or indirectly, solicit, recruit, employ or otherwise engage as an employee, independent contractor or advisor or
attempt to solicit, recruit, employ or otherwise engage as an employee, independent contractor or advisor, any person who is or
was an employee or independent contractor of the Group (or any Group Member) at any time during Executive’s last twenty-four
(24) months of employment with the Company, or in any manner induce or attempt to induce any person who is or was an employee or
independent contractor of the Group (or any Group Member) during Executive’s last twenty-four (24) months of employment with
the Company to terminate his or his relationship with the Group (or any Group Member).

 

10.         Non-Disparagement.  Executive
hereby agrees that Executive will not directly or indirectly disparage the Company or disseminate, or cause or permit others to
disseminate negative statements regarding Company or any other Executive, officer, director or agent of Company.  Company
hereby agrees that Company will not directly or indirectly disparage the Executive or disseminate, or cause or permit others to
disseminate negative statements regarding Executive.  Notwithstanding the foregoing, neither Executive nor Company is
hereby barred or restricted from exercising any right of speech or expression protected by applicable federal, state or local law.

 

11.         Entire
Agreement.  Subject to the terms and conditions set forth in the Employment Agreement, this Non-Compete Agreement
constitutes the entire understanding of the parties with respect to the subject matter hereof and supersedes any understanding
between the parties with respect thereto.  No provision of this Non-Compete Agreement may be changed or modified, nor
may this Non-Compete Agreement be discharged in part or in whole, except in writing, executed by both parties.

 

12.         Remedies.  Executive
acknowledges and agrees that Company would be irreparably injured by Executive’s breach of this Non-Compete Agreement and
that monetary remedies would be inadequate to protect against any actual or threatened breach of this Non-Compete Agreement.  Without
prejudice to any other rights and remedies otherwise available to Company, Executive agrees to the granting of equitable relief,
including injunctive relief and specific performance, in favor of Company without proof of actual damages to remedy or prevent
any such breach.  Further, Executive understands and agrees that Executive’s material breach of this Non-Compete
Agreement provides the Company with the right to recover its costs and fees, including attorneys’ fees, incurred as a result
of Executive’s breach of this Non-Compete Agreement.

 

13.         Governing
Law.  This Non-Compete Agreement shall be governed by and construed under the laws of the State of Ohio, without
regard to the choice of law provisions thereof.  If the Non-Compete Agreement is held unenforceable to any extent in
any jurisdiction, such holding will not impair the enforceability of the Non-Compete Agreement in any other jurisdiction.

 

14.         Post-Employment
Obligations.  The obligations contained in this Non-Compete Agreement shall survive and continue in full force and
effect regardless of the termination or expiration of the Employment Agreement, and shall be fully enforceable thereafter.

 

    	 	5	 

     

    

 

15.         Assignment.  Company
shall have the right to assign its rights and obligations under this Non-Compete Agreement to any individual, entity, corporation
or partnership that succeeds to all or a portion of the relevant business or assets of the Company.  This Non-Compete
Agreement is personal to Executive, and Executive may not assign his rights and obligations under this Non-Compete Agreement to
any third-party.

 

16.         Severability.  The
invalidity or unenforceability of any provision herein shall not affect the validity or enforceability of any other provision herein.  If
a court of competent jurisdiction determines that any portion of this Non-Compete Agreement is in violation of any statute or public
policy, only the portions of this Non-Compete Agreement that violate such statute or public policy shall be stricken, and all other
portions of this Non-Compete Agreement that do not violate any statute or public policy shall continue in full force and effect.  Further,
if any one or more of the provisions contained in this Non-Compete Agreement is determined by a court of competent jurisdiction
to be excessively broad as to duration, scope, activity or subject, or is unreasonable or unenforceable under applicable laws,
such provisions will be construed by limiting, reducing, modifying or amending them so as to be enforceable to the maximum extent
permitted by law.  If the Non-Compete Agreement is held unenforceable in any jurisdiction, such holding will not impair
the enforceability of the Non-Compete Agreement in any other jurisdiction.

 

17.         Miscellaneous.  Nothing
in this Non-Compete Agreement shall be construed to alter the conditions under which the Employment Agreement may be terminated
or to modify the Term of the Employment Agreement as defined therein.  This Non-Compete Agreement shall be deemed to
have been drafted jointly by both parties hereto.

 

IN WITNESS WHEREOF, Company has caused
this Non-Compete Agreement to be executed by its duly authorized officer, and the Executive has signed this Non-Compete Agreement,
as of the date first above written.

 

[signature page follows]

 

    	 	6	 

     

    

  

	Date:  10/29/2015	THE CITIZENS BANK OF LOGAN

 

	 	By	/s/ Donald P. Wood
	 	Name:	Donald P. Wood
	 	Title:	Chairman of the Board

 

	Date:  10/29/2015	CITIZENS INDEPENDENT BANCORP, INC.

 

	 	By	/s/
    Donald P. Wood
	 	Name: 	Donald P. Wood
	 	Title:	Chairman of the Board

 

	Date:  10/27/2015	EXECUTIVE

 

	 	/s/ Daniel C. Fischer
	 	Print Name:  Daniel C. Fischer

 

    	 	7

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