Document:

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                                                                Exhibit 10.19

                                     [logo]
                     Wheeling-Pittsburgh Steel Corporation
                            a metal products company

JAMES E. MULDOON                                          PHONE:   304 234 2360
VICE PRESIDENT                                            FAX:     304 234 2261
BUSINESS DEVELOPMENT

                                December 23, 2004

William E. Hornberger
Executive Vice President
Severstal North America, Inc.
3001 Miller Road
P.O. Box 1699
Dearborn, MI 48121

         This letter will confirm that Wheeling-Pittsburgh Steel Corporation, a
Delaware corporation ("WPSC"), and Severstal North America, Inc., a Delaware
corporation ("SNA"), are in discussions to form a Delaware limited liability
company (the "Company") to be owned by both of them or their affiliates for the
production of coke and coke related products. In this letter, WPSC and SNA are
sometimes called individually a "Party" and collectively the "Parties," and the
proposed transactions between them are sometimes called the "Proposed Project."

         The Parties wish to commence structuring and negotiating definitive
written agreements providing for the Proposed Project (the "Definitive
Agreements"). To facilitate the negotiation of the Definitive Agreements, the
Parties request that WPSC's counsel continue its preparation of initial drafts.
The execution of any such Definitive Agreements would be subject to the
satisfactory completion of each Party's ongoing investigation of the other and
would also be subject to approval by each Party's board of directors.

         The general terms of the Proposed Project are set forth in the Term
Sheet attached hereto as Exhibit A (the "Term Sheet"). The Term Sheet is fully
incorporated into this letter by reference. The Term Sheet generally provides
that the Parties would form the Company under Delaware law and would have only
two members, SNA, or its affiliate, and WPSC. As part of the Proposed Project,
WPSC would contribute its coke producing batteries and related facilities and
assets located at its facility in Follansbee, West Virginia (the "Coke
Facilities") and SNA would deliver cash to WPSC and make cash contributions to
the Company over time. The Term Sheet does not, however, represent all
"essential" terms of the Proposed Project.

         Except for the provisions provided below, this letter does not
constitute a binding agreement by the Parties and no Party shall have any
rights, duties or obligations hereunder, including without limitation, any
obligation to enter into Definitive Agreements relating the Proposed Project or
any obligation to negotiate in good faith or otherwise. However, the Parties
acknowledge that the following provisions (the "Binding Provisions") are legally
binding and enforceable agreements of the Parties.

         During the period from the date this letter is signed by both Parties
until the earlier of (i) the date on which either Party provides the other Party
with written notice that negotiations toward the Definitive Agreements are
terminated and (ii) March 31, 2005 (the earlier of (i) and (ii), the
"Termination Date"), WPSC will afford SNA with access to its personnel,
properties, and records related to the Proposed Project, subject to the terms of
the confidentiality agreement dated February 12, 2004 between WPSC and SNA (the
"Confidentiality Agreement").

                   1134 MARKET STREET, WHEELING, WV 26003-2906

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         Until the Termination Date, WPSC will not solicit or entertain offers
from or negotiate any proposal or arrangement of any other person relating to
the formation of a joint venture to acquire the Coke Facilities. Notwithstanding
the foregoing, nothing in this letter will prohibit WPSC or its affiliates from
pursuing any financing activities, any sales of securities, any sales of assets,
a sale of all or substantially all its assets or other general corporate
activities, even if the pursuit of such activities would result in the
termination of this letter.

         Until the date six months after the Termination Date, SNA and its
affiliates and representatives will not, directly or indirectly, without the
prior written consent of WPSC duly authorized by a majority of its Board of
Directors: (i) acquire, directly or indirectly, by purchase or otherwise, any
securities of Wheeling Pittsburgh Company ("WPC"), (ii) solicit proxies in
opposition to the recommendation of the majority of the directors of WPC with
respect to any matter, (iii) take any action to acquire or affect control of WPC
or to encourage or assist any other person to do so, or (iv) initiate, propose
or otherwise solicit WPC shareholders for the approval of one or more
shareholder proposals at any time, or induce or attempt to induce any other
person to initiate any shareholder proposal.

         Except as and to the extent required by law (including federal
securities laws and the rules and regulations of the Nasdaq National Market),
without the prior written consent of the other Party, no Party will, and each
will direct its representatives not to make, directly or indirectly, any public
comment, statement or communication with respect to, or otherwise to disclose or
to permit the disclosure of the existence of discussions regarding, a possible
transaction between the Parties or any of the terms, conditions or other aspects
of the transaction proposed in this letter. If a Party is required by law to
make any such disclosure, it must first provide to the other Party with notice
of such disclosure. Notwithstanding the foregoing, SNA acknowledges and agrees
that WPSC will disclose the existence of this letter and certain terms set forth
in this letter and the Term Sheet upon the execution of the letter, as WPSC
deems necessary to comply with the federal securities laws.

         Each Party will be responsible for and bear all of its costs and
expenses (including any broker's or finder's fees and the expenses of its
representatives) incurred at any time in connection with pursuing or
consummating the Proposed Project.

         Except for (i) the Confidentiality Agreement and (ii) the letter
agreement dated November 22, 2004 between WPSC and SNA regarding the sale of
coke if the Proposed Project is not consummated, the Binding Provisions
constitute the entire agreement between the Parties and supersede all prior oral
or written agreements, understandings, representations and warranties and
courses of conduct and dealing between the Parties on the subject matter hereof.
Except as otherwise provided herein, the Binding Provisions may be amended or
modified only by a writing executed by all of the Parties.

         The Binding Provisions will be governed by and construed in accordance
with laws of the State of Delaware, excluding its conflict of laws rules. The
Parties hereby submit to the exclusive jurisdiction of the state and federal
courts located in the state of Delaware. The Parties acknowledge that they would
be irreparably damaged by a breach of a Binding Provision and would not be
adequately compensated by monetary damages for any such breach. Therefore, in
addition to all other remedies, the Parties shall be entitled to injunctive
relief and/or specific performance from any court having jurisdiction to
restrain any violation (actual or threatened) of the Binding Provisions without
the necessity of (a) proving monetary damages or the insufficiency thereof, or
(b) posting any bond in regard to any injunctive proceeding.

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         Except for the Binding Provisions, the Parties acknowledge that the
provisions of this letter are intended only as an expression of intent on behalf
of either Party, are not intended to be legally binding on either Party under
any law of any country and are expressly subject to the execution of appropriate
Definitive Agreements. Moreover, except as expressly set forth in the Binding
Provisions (or as expressly provided in any binding written agreement that the
Parties may enter into in the future), no past or future action, course of
conduct or failure to act relating to the Proposed Project, or relating to the
negotiation of the terms of the Proposed Project or any Definitive Agreements,
will give rise to or serve as a basis for any obligation or other liability on
the part of either Party.

This letter may be executed in one or more counterparts, each of which will be
deemed to be an original of this letter and all of which, when taken together,
will be deemed to constitute one and the same letter.

         If you are in agreement with the foregoing, please sign and return one
copy of this letter, which thereupon will constitute our understanding with
respect to its subject matter.

                                            Very truly yours,

                                            /s/ James E. Muldoon

                                            James E. Muldoon
                                            Vice President, Business Development

Duly executed and agreed as to the
Binding Provisions on December 23, 2004

Severstal North America, Inc.

/s/ William E. Hornberger
------------------------------------
William E. Hornberger
Executive Vice President<PAGE>

EXHIBIT 10.1

                            INDEMNIFICATION AGREEMENT

      This Agreement made this ___ day of _________, 2004, between CITIZENS &
NORTHERN CORPORATION, a bank holding company registered under the Bank Holding
Company Act of 1956, as amended, and a Pennsylvania corporation (the "Company")
and __________________, a director, officer or representative (as hereinafter
defined) of the Company (the "Indemnitee");

      WHEREAS, the Company and the Indemnitee are each aware of the exposure to
litigation of officers, directors and representatives of the Company as such
persons exercise their duties to the Company;

      WHEREAS, the Company and the Indemnitee are also aware of conditions in
the insurance industry that have affected and may continue to affect the
Company's ability to obtain appropriate directors' and officers' liability
insurance on an economically acceptable basis;

      WHEREAS, the Company desires to continue to benefit from the services of
highly qualified, experienced and competent persons such as the Indemnitee;

      WHEREAS, the Indemnitee desires to serve or to continue to serve the
Company as a director, officer or as a director, officer or trustee of another
corporation, joint venture, trust or other enterprise in which the Company has a
direct or indirect ownership interest, for so long as the Company continues to
provide on an acceptable basis adequate and reliable indemnification against
certain liabilities and expenses which may be incurred by the Indemnitee.

      NOW, THEREFORE, in consideration of the foregoing premises and the mutual
covenants herein contained, the parties hereto agree as follows:

      1. Indemnification. Subject to the terms of this Agreement, the Company
shall indemnify the Indemnitee with respect to his activities as a director or
officer of the Company and/or as a person who is serving or has served on behalf
of the Company ("representative") as a director, officer, or trustee of another
corporation, joint venture, trust or other enterprise, domestic or foreign, in
which the Company has a direct or indirect ownership interest (an "affiliated
entity") against expenses (including, without limitation, attorneys' fees,
judgments, fines, and amounts paid in settlement) actually and reasonably
incurred by him ("Expenses") in

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connection with any claim against Indemnitee which is the subject of any
threatened, pending, or completed action, suit, or proceeding, whether civil,
criminal, administrative, investigative or otherwise and whether formal or
informal (a "Proceeding"), to which Indemnitee was, is, or is threatened to be
made a party by reason of facts which include Indemnitee's being or having been
such a director, officer or representative, to the extent of the highest and
most advantageous to the Indemnitee, as determined by the Indemnitee, of one or
any combination of the following:

      (a) The benefits provided by the Company's Articles of Incorporation in
effect on the date hereof;

      (b) The benefits provided by the Articles of Incorporation or By-Laws or
their equivalent of the Company in effect at the time Expenses are incurred by
Indemnitee;

      (c) The benefits allowable under Pennsylvania law in effect at the date
hereof;

      (d) The benefits allowable under the law of the jurisdiction under which
the Company exists at the time Expenses are incurred by the Indemnitee;

      (e) The benefits available under liability insurance obtained by the
Company;

      (f) The benefits available under the $5,000,000 D&O Selectplus Insurance
Policy obtained by the Company from The Fidelity and Deposit Companies in effect
for 2004; and

      (g) Such other benefits as are or may be otherwise available to
Indemnitee.

      Combination of two or more of the benefits provided by (a) through (g)
shall be available to the extent that the Applicable Document, as hereafter
defined, does not require that the benefits provided therein be exclusive of
other benefits. The document or law providing for the benefits listed in items
(a) through (g) above is called the "Applicable Document" in this Agreement.
Company hereby undertakes to use its best efforts to assist Indemnitee, in all
proper legal ways, to obtain the benefits selected by Indemnitee under items (a)
through (g) above.

      For purposes of this Agreement, references to "other enterprises" shall
include employee benefit plans for employees of the Company or of any affiliated
entity without regard to ownership of such plans; references to "fines" shall
include any excise taxes assessed on the Indemnitee with respect to any employee
benefit plan;

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references to "serving on behalf of the company" shall include any services as a
director, officer, employee or agent of the Company which imposes duties on, or
involves services by, the Indemnitee with respect to an employee benefits plan,
its participants or beneficiaries; references to the singular shall include the
plural and vice versa; and if the Indemnitee acted in good faith and in a manner
he or she reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan Indemnitee shall be deemed to have
acted in a manner consistent with the standards required for indemnification by
the Company under the Applicable Documents.

      2. Insurance. The Company shall maintain directors' and officers'
liability insurance for so long as Indemnitee's services are covered hereunder,
provided and only to the extent that such insurance is available in amounts and
on terms and conditions determined by the Company to be acceptable. However, the
Company agrees that the provisions hereof shall remain in effect regardless of
whether liability or other insurance coverage is at any time obtained or
retained by the Company; except that any payments in fact made to Indemnitee
under an insurance policy obtained or retained by the Company shall reduce the
obligation of the Company to make payments hereunder by the amount of the
payments made under any such insurance policy.

      3. Payment of Expenses. At Indemnitee's request, the Company shall pay the
Expenses as and when incurred by Indemnitee, after receipt of written notice
pursuant to Section 6 hereof and an undertaking in the form of Exhibit I
attached hereto by or on behalf of Indemnitee (i) to repay such amounts so paid
on Indemnitee's behalf if it shall ultimately be determined under the Applicable
Document or applicable law that Indemnitee is required to repay such amounts and
(ii) to reasonably cooperate with the Company concerning such Proceeding. That
portion of Expenses which represents attorneys' fees and other costs incurred in
defending any Proceeding shall be paid by the Company within thirty (30) days of
its receipt of such request, together with reasonable documentation (consistent,
in the case of attorneys' fees, with Company practice in payment of legal fees
for outside counsel generally) evidencing the amount and nature of such
Expenses, subject to its also having received such notice and undertaking.

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      It is understood and agreed before the Company pays the Expenses incurred
in a Proceeding brought by a banking agency in which a final order has not been
entered, the following conditions must be met:

      (1) The Board of Directors, in good faith, shall determine in writing
after due investigation and consideration that the Indemnitee acted in a manner
believed to be in the best interests of the Company;

      (2) The Board of Directors, in good faith, shall determine after due
investigation and consideration that the payment of such Expenses will not
materially or adversely affect the Company's safety and soundness.

      (3) The Indemnitee shall agree in writing to reimburse the Company for
Expenses, which subsequently are deemed "prohibited indemnification payments",
as defined in 12 C.F.R. Section. 359.1(1).

      The Indemnitee shall not participate in any way in the Board's discussion
and approval of Expenses, provided however, that the Indemnitee may present his
or her request to the Board and respond to any inquiries from the Board
concerning his or her involvement in the circumstances giving rise to the
banking agency Proceeding or civil action.

      4. Escrow. The Company may dedicate such amounts as the Board of Directors
of the Company may from time to time authorize, as collateral security for the
funding of its obligations hereunder (and under similar agreements with other
directors, officers and representatives) by depositing assets or bank letters of
credit in escrow or reserving lines of credit that may be drawn down by an
escrow agent in the dedicated amount (the "Escrow Reserve"). The Company shall
promptly provide Indemnitee with a true and complete copy of the agreement
relating to the establishment and operation of the Escrow Reserve, together with
such additional documentation or information with respect to the escrow as
Indemnitee may from time to time reasonably request. The Company shall promptly
deliver an executed copy of the Agreement to the escrow agent for the Escrow
Reserve to evidence to that agent that Indemnitee is a beneficiary of that
Escrow Reserve and shall deliver to Indemnitee the escrow agent's signed receipt
evidencing that delivery.

      5. Additional Rights. The indemnification provided in this Agreement shall
not be exclusive of any other indemnification or right to which Indemnitee may
be entitled and shall continue after Indemnitee has ceased to occupy a position
as an officer, director or representative as described in Paragraph 1 above with

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respect to Proceedings relating to or arising out of Indemnitee's acts or
omissions during his or her service in such position.

      6. Notice to Company. Indemnitee shall provide to the Company prompt
written notice of any Proceeding brought, threatened, asserted or commenced
against Indemnitee with respect to which Indemnitee may assert a right to
indemnification hereunder; provided that failure to provide such notice shall
not in any way limit Indemnitee's rights under this Agreement.

      7. Cooperation in Defense and Settlement. Indemnitee shall not make any
admission or effect any settlement of any Proceeding without the Company's
written consent unless Indemnitee shall have determined to undertake his or her
own defense in such matter and has waived the benefits of this Agreement. The
Company shall not settle any Proceeding to which Indemnitee is a party in any
manner which would impose any Expense on Indemnitee without his written consent.
Neither Indemnitee nor the Company will unreasonably withhold consent to any
proposed settlement. Indemnitee and the Company shall cooperate to the extent
reasonably possible with each other and with the Company's insurers, in attempts
to defend and/or settle such Proceeding.

      8. Assumption of Defense. Except as otherwise provided below, to the
extent that it may wish, the Company (jointly with any other indemnifying party
similarly notified), will be entitled to assume Indemnitee's defense in any
Proceeding, with counsel mutually satisfactory to Indemnitee and the Company.
Indemnitee shall have the right to employ counsel in such Proceeding, but the
fees and expenses of such counsel incurred after notice from the Company of its
assumption of the defense thereof shall be at Indemnitee's expense unless:

            (a) the employment of counsel by Indemnitee has been authorized by
      the Company;

            (b) counsel employed by the Company initially is unacceptable or
      later becomes unacceptable to Indemnitee and such unacceptability is
      reasonable under then existing circumstances;

            (c) Indemnitee shall have reasonably concluded that there may be a
      conflict of interest between Indemnitee and the Company in the conduct of
      the defense of such Proceeding; or

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            (d) the Company shall not have employed counsel promptly to assume
      the defense of such Proceeding,

in each of which case fees and expenses of counsel shall be at the expense of
the Company and subject to payment pursuant to this Agreement. The Company shall
not be entitled to assume the defense of Indemnitee in any Proceeding brought on
behalf of the Company or as to which Indemnitee shall have drawn either of the
conclusions provided for in clauses (b) or (c) above.

      9. Enforcement. In the event that any dispute or controversy shall arise
under this Agreement between Indemnitee and the Company with respect to whether
the Indemnitee is entitled to indemnification in connection with any Proceeding
or with respect to the amount of Expenses incurred, then with respect to each
such dispute or controversy Indemnitee may seek to enforce the Agreement through
legal action or, at Indemnitee's sole option and written request, through
arbitration. If arbitration is requested, such dispute or controversy shall be
submitted by the parties to binding arbitration in the Borough of Wellsboro in
the Commonwealth of Pennsylvania, before a single arbitrator agreeable to both
parties. If the parties cannot agree on a designated arbitrator within fifteen
(15) days after arbitration is requested in writing by Indemnitee, the
arbitration shall proceed in the Borough of Wellsboro in the Commonwealth of
Pennsylvania, before an arbitrator appointed by the American Arbitration
Association. In either case, the arbitration proceeding shall commence promptly
under the rules then in effect of that Association and the arbitrator agreed to
by the parties or appointed by that Association shall be an attorney other than
an attorney who has, or is associated with a firm having associated with it an
attorney which has been retained by or performed services for the Company or
Indemnitee at any time during the five years preceding the commencement of
arbitration. The award shall be rendered in such form that judgment may be
entered thereon in any court having jurisdiction thereof. The prevailing party
shall be entitled to prompt reimbursement of any costs and expenses (including,
without limitation, reasonable attorneys' fees) incurred in connection with such
legal action or arbitration; provided that Indemnitee shall not be obligated to
reimburse the Company unless the arbitrator or court which resolves the dispute
determines that Indemnitee acted in bad faith in bringing such action or
arbitration.

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      10. Exclusions. Notwithstanding the scope of indemnification which may be
available to Indemnitee from time to time under any Applicable Document, no
indemnification, reimbursement or payment shall be required of the Company
hereunder with respect to:

            (a) Any claim or any part thereof as to which Indemnitee shall have
been determined by a court of competent jurisdiction from which no appeal is or
can be taken, by clear and convincing evidence, to have acted or failed to act
with deliberate intent to cause injury to the Company or with reckless disregard
for the best interest of the Company;

            (b) Any claim or any part thereof arising under Section 16(b) of the
Securities Exchange Act of 1934 pursuant to which Indemnitee shall be obligated
to pay any penalty, fine, settlement or judgment;

            (c) Any civil money penalty or judgment resulting from any
Proceeding instituted by any federal banking agency, or any other liability or
legal expense with regard to any administrative proceeding or civil action by
any banking agency that results in a final order or settlement pursuant to which
Indemnitee:

            (1)   is assessed a civil money penalty;

            (2)   is removed from office or prohibited from participating in the
                  conduct of the affairs of the Company or its affiliates;

            (3)   is required to cease and desist from taking any affirmative
                  action described under the Federal Deposit Insurance Act or
                  other applicable banking laws with respect to the Company and
                  its affiliates;

            (d) Any obligation of Indemnitee based upon or attributable to the
Indemnitee gaining in fact any personal gain, profit or advantage to which he
was not entitled; or

            (e) Any Proceeding initiated by Indemnitee without the consent or
authorization of the Board of Directors of the Company, provided that this
exclusion shall not apply with respect to any claims brought by Indemnitee (i)
to enforce his rights under this Agreement or (ii) in any Proceeding initiated
by another person or entity whether or not such claims were brought by
Indemnitee against a person or entity who was otherwise a party to such
Proceeding.

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      Nothing in this Section 10 shall eliminate or diminish Company's
obligations to advance that portion of Indemnitee's Expenses which represent
attorneys' fees and other costs incurred in defending any Proceeding pursuant to
Section 3 of this Agreement; subject however to the undertaking by Indemnitee in
the form attached hereto as Exhibit 1 and incorporated by reference herein.

      11. Extraordinary Transactions. The Company covenants and agrees that, in
the event of any merger, consolidation or reorganization in which the Company is
not the surviving entity, any sale of all or substantially all of the assets of
the Company or any liquidation of the Company (each such event is hereinafter
referred to as an "extraordinary transaction"), the Company shall:

            (a) have the obligations of the Company under this Agreement
expressly assumed by the survivor, purchaser or successor, as the case may be,
in such extraordinary transaction; or

            (b) otherwise adequately provide for the satisfaction of the
Company's obligations under this Agreement in a manner acceptable to Indemnitee.

      12. No Personal Liability. Indemnitee agrees that neither the directors
nor any officer, employee, representative or agent of the Company shall be
personally liable for the satisfaction of the Company's obligations under this
Agreement, and Indemnitee shall look solely to the assets of the Company and the
escrow the Company may establish, as referred to in Section 4 hereof, for
satisfaction of any claims hereunder.

      13. Severability. If any provision, phrase, or other portion of this
Agreement should be determined by any court of competent jurisdiction to be
invalid, illegal or unenforceable, in whole or in part, and such determination
should become final, such provision, phrase or other portion shall be deemed to
be severed or limited, but only to the extent required to render the remaining
provisions and portions of the Agreement enforceable, and the Agreement as thus
amended shall be enforced to give effect to the intention of the parties insofar
as that is possible.

      14. Subrogation. In the event of any payment under this Agreement, the
Company shall be subrogated to the extent thereof to all rights to
indemnification or reimbursement against any insurer or other

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entity or person vested in the Indemnitee, who shall execute all instruments and
take all other actions as shall be reasonably necessary for the Company to
enforce such rights.

      15. Governing Law. The parties hereto agree that this Agreement shall be
construed and enforced in accordance with and governed by the laws of the
Commonwealth of Pennsylvania.

      16. Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be considered to have been duly given if
delivered by hand and receipted for by the party to whom the notice, request,
demand or other communication shall have been directed, or mailed by certified
mail, return receipt requested, with postage prepaid:

            (a)   If to the Company, to:

                  Citizens & Northern Corporation
                  90-92 Main Street
                  P.O. Box 58
                  Wellsboro, PA 16901

            (b)   If to Indemnitee, to:

                  _________________________
                  _________________________
                  _________________________

or to such other or further address as shall be designated from time to time by
the Indemnitee or the Company to the other.

      17. Termination. This Agreement may be terminated by either party upon not
less than sixty (60) days prior written notice delivered to the other party, but
such termination shall not in any way diminish the obligations of Company
hereunder with respect to the Indemnitee's activities prior to the effective
date of termination.

      18. Amendments and Binding Effect. This Agreement and the Undertaking and
the rights and duties of Indemnitee and the Company hereunder and thereunder may
not be amended, modified or terminated except by written instrument signed and
delivered by the parties hereto. This Agreement is and shall be binding upon and
shall inure to the benefits of the parties thereto and their respective heirs,
executors, administrator, successors and assigns.

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<PAGE>

      IN WITNESS WHEREOF, the undersigned have executed this Agreement in
triplicate as of the date first above written.

INDEMNITEE                                  CITIZENS & NORTHERN CORPORATION

By: __________________________              By: ________________________________

Title: _______________________              Title: _____________________________

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                                                                       EXHIBIT 1

                               FORM OF UNDERTAKING

      THIS UNDERTAKING has been entered into by ____________________________
(hereinafter "Indemnitee") pursuant to an Indemnification Agreement dated
___________, 20__ (the "Indemnification Agreement"), by and between CITIZENS &
NORTHERN CORPORATION, a bank holding company registered under the Bank Holding
Company Act of 1956, as amended, and a Pennsylvania corporation (the "Company"),
and Indemnitee.

                                   WITNESSETH:

      WHEREAS, pursuant to the Indemnification Agreement, Company agreed to pay
Expenses (within the meaning of the Indemnification Agreement) as and when
incurred by Indemnitee in connection with any claim against Indemnitee which is
the subject of any threatened, pending, or completed action, suit, or
proceeding, whether civil, criminal, administrative or investigative, to which
Indemnitee was, is, or is threatened to be made a party by reason of facts which
include Indemnitee's being or having been a director, officer or representative
(within the meaning of the Indemnification Agreement) of the Company;

      WHEREAS, such a claim has arisen against Indemnitee and Indemnitee has
notified Company thereof in accordance with the terms of Section 6 of the
Indemnification Agreement (hereinafter the "Proceeding");

      NOW, THEREFORE, Indemnitee hereby agrees that in consideration of
Company's advance payment of Indemnitee's Expenses incurred prior to a final
disposition of the Proceeding, Indemnitee hereby undertakes to reimburse Company
for any and all Expenses paid by Company on behalf of Indemnitee prior to a
final disposition of the Proceeding in the event that Indemnitee is determined
under the Applicable Document (within the meaning of the Indemnification
Agreement) or applicable law to be required to repay such amounts to the
Company, provided that if Indemnitee is entitled under the Applicable Document
or applicable law to indemnification for some or a portion of such Expenses,
Indemnitee's obligation to reimburse Company shall only be for those Expenses
for which Indemnitee is determined to be required to so repay such amounts to
the Company pursuant to the Indemnification Agreement or applicable law.

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<PAGE>

      If the Indemnitee is involved in an administrative proceeding or action
instituted by an appropriate banking agency and requests the Company to pay the
Expenses incurred before a final order is entered, the Indemnitee shall
reimburse the Company for all Expenses paid by the Company if a final order is
entered (i) assessing civil money penalties; (ii) removing Indemnitee from
office or prohibiting Indemnitee from participating in the conduct of the
affairs of the Company or its affiliates; or (iii) requiring Indemnitee to cease
and desist from taking any affirmative action described under the Federal
Deposit Insurance Act or other applicable banking laws with respect to the
Company and its affiliates. The Indemnitee hereby agrees to reimburse the
Company for Expenses which subsequently are deemed "prohibited indemnification
payments", as defined in 12 C.F.R. Section 359.1(1).

      Further, the Indemnitee agrees to reasonably cooperate with the Company
      concerning such Proceeding.

      IN WITNESS WHEREOF, the undersigned has set his hand this _____ day of
      ______________, 20__.

                                                 INDEMNITEE

                                                 _______________________________

                                       77

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