Document:

Exhibit 10.6

 Exhibit 10.6 
 Form of Two Year Change in Control Agreement 
 THE COMMUNITY BANK 

 CHANGE IN CONTROL AGREEMENT 
 FOR 
  
  
 This Change in Control Agreement (the “Agreement”) is made effective as of the      day of
                    , 2008 (the “Effective Date”), by and between The Community Bank (the “Bank”), a Massachusetts
Cooperative Bank (the “Bank”) with its principal administrative office at Brockton, Massachusetts, and                     
(“Executive”). The Bank is a wholly-owned subsidiary of Campbello Bancorp, a Massachusetts corporation (the “Company”). 
 WHEREAS, the Bank recognizes the substantial contributions the Executive has made to the Bank and wishes to protect Executive’s position with the Bank for the period provided in this Agreement. 
 NOW, THEREFORE, in consideration of the contributions of Executive and upon the other terms and conditions hereinafter provided, the parties
hereto agree as follows: 
  

	1.	TERM OF AGREEMENT 

 The term of this Agreement shall
be twenty-four (24) full calendar months from the effective date of this Agreement set forth above (the “Initial Term”), or until the employment relationship is terminated. Upon the expiration of the Initial Term and so long as this
Agreement remains in effect, upon the expiration of each successive twenty-four month period thereafter (each a “Renewal Term”), this Agreement will be renewed automatically for an additional twenty-four-month period, unless the Board or
the Executive elects not to extend the term of the Agreement at the conclusion of the Initial Term or any subsequent Renewal Term by giving written notice to the other party at least ninety (90) days prior to the last day of the Initial Term or
any such Renewal Term as the case may be (a “Non-Renewal Notice”). 
  

	2.	CHANGE IN CONTROL DEFINED 

 For purposes of this
Agreement, a “Change in Control” means any of the following events: 
 (a) Merger: The Company merges into, or consolidates
with, another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were
stockholders of the Company immediately before the merger or consolidation. 
 (b) Acquisition of Significant Share Ownership: There
is filed, or required to be filed, a report on Schedule 13D or 13G or another form or schedule required under Sections 13(d), 13(g) or 14(d) of the Securities Exchange Act of 1934, which schedule discloses that the filing person or persons acting in
concert has, or have become, the beneficial owner of 25% or more of a class of the Company’s voting securities. 

 (c) Change in Board Composition: During any
period of two consecutive years, individuals who constitute the Company’s Board of Directors at the beginning of the two-year period cease for any reason to constitute at least a majority of the Company’s Board of Directors; provided,
however, that for purposes of this clause, each director who is first elected by the board (or first nominated by the board for election by the stockholders) by a vote of at least two-thirds ( 2/
3) of the directors who were directors at the beginning of the two-year period shall be deemed to have also been a director at the beginning of such period; or

 (d) Sale of Assets: The Company sells to a third party all, or substantially all, of its assets.  
  

	3.	TERMINATION FOR GOOD REASON UPON A CHANGE IN CONTROL 

 Executive shall have the right to voluntarily terminate his/her employment upon the occurrence at any time within two (2) years after a Change in Control of any of the following events, each of which shall constitute “Good
Reason,” unless such event has been consented to by Executive: (a) a material change in Executive’s position to become one of lesser responsibility, importance or scope from the position Executive held immediately prior to the Change
in Control; (b) a material reduction in Executive’s base salary or benefits; (c) a relocation of Executive’s principal place of employment by more than twenty-five (25) miles from its location immediately prior to the Change
in Control; or (d) any other action or inaction that constitutes a material breach of this Agreement by the Bank. 
 Notwithstanding the
foregoing, termination for Good Reason shall not be effective under this Section 3 unless Executive gives the Bank prior written notice of the events giving rise to Executive’s right to elect to terminate for Good Reason. Such prior
written notice shall be given no later than ninety (90) days after the date of the event giving rise to the right to terminate for Good Reason, and the Bank shall have thirty (30) days to remedy such condition before Executive terminates
employment, provided, however, that the Bank can waive said 30 day period. 
  

	4.	TERMINATION FOR CAUSE 

 Executive shall not have the
right to receive termination benefits pursuant to Section 5 hereof upon termination for Cause at any time following the occurrence of a Change in Control. As used herein, “Cause shall mean termination because of, in the good faith
determination of the Board, Executive’s: (1) material act of dishonesty in performing Executive’s duties on behalf of the Company and the Bank; (2) willful misconduct that in the judgment of the Board will likely cause economic
damage to the Company and the Bank or injury to the business reputation of the Company and the Bank; (3) breach of fiduciary duty involving personal profit; (4) intentional failure to perform stated duties after written notice thereof from
the Board; or (5) willful violation of any law, rule or regulation (other than traffic violations or similar offenses) that reflect adversely on the reputation of the Company and the Bank, any felony conviction, any violation of law involving
moral turpitude, or any violation of a final cease-and-desist order. 
  

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 Notwithstanding the foregoing, Executive’s termination for Cause will not become effective unless
the Bank has delivered to Executive a copy of a resolution duly adopted by the affirmative vote of a majority of the Board finding that Executive was guilty of the conduct described above and specifying the particulars of such conduct. 

 

	5.	SEVERANCE BENEFITS UPON TERMINATION AFTER CHANGE IN CONTROL 

 (a) Upon the occurrence of a Change in Control, followed within two (2) years after such occurrence by (i) Executive’s voluntary termination for Good Reason or (ii) involuntary termination of Executive’s employment other
than for Cause, the Bank shall pay Executive, or in the event of Executive’s subsequent death, Executive’s beneficiary or beneficiaries or estate, as the case may be, as severance pay, a cash lump sum payment equal to two (2) times
the sum of (i) his or her Base Salary and (ii) the highest rate of bonus paid to Executive during the two (2) years prior to termination, subject to applicable withholding taxes. In addition, the Bank shall cause to be continued at no
cost to Executive, non-taxable medical and dental coverage substantially identical to the coverage maintained by the Bank for Executive prior to Executive’s severance. Such coverage and payments shall cease upon expiration of twenty-four
(24) months. The period for group health care continuation coverage rights under COBRA shall not begin until the expiration of such twenty-four (24) month period. 
 (b) Upon the occurrence of a Change in Control, Executive will have such rights as specified in any other employee benefit plan with respect to options
and such other rights as may have been granted to Executive under such plans. 
 (c) Any cash severance payments shall be made in a lump sum
within ten (10) days after Executive’s termination of employment. Such payments shall not be reduced in the event Executive obtains other employment following termination of employment with the Bank. 
 (d) Notwithstanding anything else in this Section 5, Executive’s employment shall not be deemed to have been terminated unless and until the
Executive has a Separation from Service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). For purposes of this Agreement, a “Separation from Service” shall have occurred if the
Bank and Executive reasonably anticipate that either no further services will be performed by the Executive after the date of the termination (whether as an employee or as an independent contractor) or the level of further services performed will
not exceed 49% of the average level of bona fide services in the thirty-six (36) months immediately preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with Treasury
Regulation Section 1.409A-1(h)(ii). 
 (e) Notwithstanding anything in this Agreement to the contrary, in no event shall the aggregate
payments or benefits to be made or afforded to Executive under this Section 5 constitute an “excess parachute payment” under Code Section 280G or any successor thereto, and in order to avoid such a result, Executive’s
benefits hereunder shall be reduced, if necessary, 

  

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to an 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 Code Section 280G. The allocation of the reduction required hereby shall be determined by Executive, provided, however, that if it is determined that such election by Executive shall be in violation of Code
Section 409A, the allocation of the required reduction shall be pro-rata. 
  

	6.	NOTICE OF TERMINATION 

 Any purported termination by
the Bank or by Executive in connection with or following a Change in Control 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 Date of Termination and, in the event of termination by Executive, 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. “Date of Termination” shall mean the date specified in the Notice of Termination (which, in the case of a termination for Cause, shall be immediate). In
no event shall the Date of Termination exceed thirty (30) days from the date Notice of Termination is given. 
  

	7.	SOURCE OF PAYMENTS 

 All payments provided in this
Agreement shall be timely paid in cash or check from the general funds of the Bank. 
  

	8.	REQUIRED REGULATORY PROVISIONS 

 Notwithstanding
anything herein contained to the contrary, any payments to Executive by the Bank, whether pursuant to this Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12
U.S.C. Section 1828(k), and the regulations promulgated thereunder in 12 C.F.R. Part 359. 
  

	9.	NO ATTACHMENT 

 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 effect any such action shall be null, void, and of no effect. 
  

	10.	ENTIRE AGREEMENT; MODIFICATION AND WAIVER 

 (a) This
Agreement contains the entire understanding between the parties hereto and supersedes any prior agreement between the Bank and Executive, except that this Agreement shall not affect or operate to reduce any benefit or compensation inuring to
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 
  

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 (b) This Agreement may not be modified or amended except by an instrument in writing signed by the
parties hereto. 
 (c) 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 or as to any act other than that specifically waived. 
  

	11.	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. 
  

	12.	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. 
  

	13.	GOVERNING LAW 

 This Agreement shall be governed by
the laws of the Commonwealth of Massachusetts but only to the extent not superseded by federal law. 
  

	14.	ARBITRATION 

 Any dispute or controversy arising
under or in connection with this Agreement shall be settled exclusively by binding arbitration, as an alternative to civil litigation and without any trial by jury to resolve such claims, conducted by a single arbitrator, mutually acceptable to the
Bank and Executive, sitting in a location selected by the Bank within twenty-five (25) miles from the main office of the Bank, in accordance with the rules of the American Arbitration Association’s National Rules for the Resolution of
Employment Disputes then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. 
  

	15.	PAYMENT OF LEGAL FEES 

 To the extent that such
payment(s) may be made without triggering penalty under Code Section 409A, all reasonable 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 Bank, provided that the dispute or interpretation has been settled by Executive and the Bank or resolved in Executive’s favor, and such reimbursement shall occur no later than sixty (60) days after the end of the year in which the
dispute is settled or resolved in Executive’s favor. 
  

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	16.	OBLIGATIONS OF BANK 

 The termination of
Executive’s employment, other than following a Change in Control, shall not result in any obligation of the Bank under this Agreement. 
  

	17.	SUCCESSORS AND ASSIGNS 

 The Bank 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 Bank, expressly and unconditionally to assume and agree to perform the Bank’s
obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had taken place. 
 [Signature Page Follows] 
  

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 SIGNATURES 
 IN WITNESS WHEREOF, the Bank has caused this Agreement to be executed by its duly authorized officer, and Executive has signed this Agreement, on the dates set forth below. 
  

							
		 		 	THE COMMUNITY BANK
				
	  
	 		 	By:	 	  

	Date	 		 		 	David Curtis
		 		 		 	President and Chief Executive Officer
			
		 		 	EXECUTIVE
				
	  
	 		 	By:	 	  

	Date	 		 		 	

  

 7Exhibit 10.7

 Exhibit 10.7 
 THE COMMUNITY BANK, A MASSACHUSETTS 
 COOPERATIVE BANK, EMPLOYEE 
 SEVERANCE COMPENSATION PLAN 
  

	A.	Purpose. 

 The primary purpose of The
Community Bank Employee Severance Compensation Plan (the “Plan”) is to ensure the successful continuation of the business of The Community Bank, a Massachusetts Cooperative Bank (the “Bank”) and the fair and equitable treatment
of the Bank’s employees in the event of a Change in Control (as defined below). 
  

	B.	Eligible Employees. 

 Subject to paragraph C
below, any employee of the Bank with at least one year of service as of his or her termination date (“Eligible Employee”) shall be eligible to receive a Change in Control Severance Benefit (as defined below) if, within the period beginning
on the effective date of a Change in Control and ending on the first anniversary of such date, (i) the Eligible Employee’s employment with the Bank is involuntarily terminated, or (ii) the Eligible Employee terminates employment with
the Bank voluntarily after being offered continued employment in a position that is not a Comparable Position (as defined below). 
  

	C.	Limitations on Eligibility for Change in Control Severance Benefits or 

	 	Management Restructuring Benefits. 

  

	 	(1)	No employee shall be eligible for a Change in Control Severance Benefit if (a) his or her employment is terminated for “Cause,” (b) he or she is offered a
Comparable Position and declines to accept such position, or (c) the employee is, at the time of termination of employment, a party to an individual employment agreement or change in control agreement with the Bank and/or any holding company of
the Bank (the “Company”). 

  

	 	(2)	For purposes of this Plan, a termination of employment for “Cause” shall include termination because of the employee’s act of dishonesty, willful misconduct, breach
of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than minor traffic violations or similar offenses), any felony conviction, any violation of law
involving moral turpitude, or final cease-and-desist order issued by a bank regulatory agency, or material breach of any provision of the Plan. 

  

	 	(3)	For purposes of this Plan, a “Comparable Position” shall mean a position that would (a) provide the employee with base compensation and benefits that are comparable
in the aggregate to those provided to the employee prior to the Change in Control; (b) be in a location that would not require the employee to increase his or her daily one way commuting distance by more than twenty-five (25) miles as
compared to the employee’s commuting distance immediately prior to the Change in Control; and (c) have job skill requirements and duties that are comparable to the requirements and duties of the position held by the employee prior to the
Change in Control. 

	D.	Definitions of Change in Control. 

 For
purposes of this Plan, “Change in Control” means the occurrence of any one or more of the following events: 
  

	 	(1)	Merger: The Company merges into, or consolidated with, another corporation, or merges another corporation into the Company, and as a result less than a majority of the
combined voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation. 

  

	 	(2)	Acquisition of Significant Share Ownership: There is filed, or required to be filed, a report on Schedule 13D, 13G or another form or schedule required under Sections 13(d),
13(g) or 14(d) of the Securities Exchange Act of 1934, which schedule discloses that the filing person or persons acting in concert has, or have become, the beneficial owner of 25% or more of a class of the Company’s voting securities.

  

	 	(3)	Change in Board Composition: During any period of two consecutive years, individuals who constitute the Company’s Board of Directors at the beginning of the two-year
period cease for any reason to constitute at least a majority of the Company’s Board of Directors; provided, however, that for purposes of this clause, each director who is first elected by the board (or first nominated by the board for
election by the stockholders) by a vote of at least two-thirds (2/3) of the directors who were directors at the beginning of the two-year period shall be deemed to have also been a director at the beginning of such period; or

  

	 	(4)	Sale of Assets: The Company sells to a third party all, or substantially all, of its assets. 

  

	E.	Determination of the Change in Control Severance Benefit. 

  

	 	(1)	The Change in Control Severance Benefit payable to an Eligible Employee under this Plan shall be determined under the following schedule: 

  

	 	(a)	An Eligible Employee (other than an officer of the Bank or Company at the Vice President level or higher) shall receive a Change in Control Severance Benefit equal to the product of
(i) the Eligible Employee’s years of service from his or her hire date (including partial years) through the termination date and (ii) an amount equal to two (2) weeks of the employee’s Base Compensation (as defined below),
subject to the limitations set forth in the third paragraph below. A “year of service” shall mean each 12-month period of service following the hire date determined without regard the number of hours worked during such period(s). The
minimum payment to an Eligible Employee under this paragraph shall be an amount equal to four (4) weeks of Base Compensation and the maximum payment to an Eligible Employee under this paragraph shall be an amount equal to twenty-six
(26) weeks of Base Compensation. 

  

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	 	(b)	An Eligible Employee who is an officer of the Bank or the Company at the Vice President level or higher shall receive a Change in Control Severance Benefit equal to fifty-two
(52) weeks of Base Compensation. 

  

	 	(c)	The Change in Control Severance Benefit shall be paid in a lump sum no later than thirty (30) business days after the date of the Eligible Employee’s termination of
employment. 

  

	 	(d)	Notwithstanding anything else in this paragraph E, an employee’s employment shall not be deemed to have been terminated unless and until the employee has a Separation from
Service within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). For purposes of this Agreement, a “Separation from Service” shall have occurred if the Bank and employee reasonably
anticipate that either no further services will be performed by the employee after the date of the termination (whether as an employee or as an independent contractor) or the level of further services performed will not exceed 49% of the average
level of bona fide services in the thirty-six (36) months immediately preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with Treasury Regulation
Section 1.409A-1(h)(ii). 

  

	 	(2)	For purpose of determinations under this paragraph E, “Base Compensation” shall mean: 

  

	 	(a)	For salaried employees, the employee’s annual base salary at the rate in effect on his or her termination date or, if greater, the rate in effect on the date immediately
preceding the Change in Control. 

  

	 	(b)	For employees whose compensation is determined in whole or in part on the basis of commission income, the employee’s base salary at termination (or, if greater, the
employee’s base salary on the date immediately preceding the effective date of the Change in Control), if any, plus the commissions earned by the employee in the twelve (12) full calendar months preceding his or her termination date (or,
if greater, the commissions earned in the twelve (12) full calendar months immediately preceding the effective date of the Change in Control). 

  

	 	(c)	For hourly employees, the employee’s total hourly wages for the twelve (12) full calendar months preceding his or her termination date or, if greater, the twelve
(12) full calendar months preceding the effective date of the Change in Control. 

  

	F.	Withholding. 

 All payments will be subject
to customary withholding for federal, state and local tax purposes. 
  

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	G.	Parachute Payment. 

 Notwithstanding anything
in this Plan to the contrary, if a Change in Control Severance Benefit to an employee who is a “Disqualified Individual” shall be in an amount which includes an “Excess Parachute Payment,” taking into account payments under this
Plan and otherwise, the benefit payable under this Plan shall be reduced to the maximum amount which does not include an Excess Parachute Payment. The terms “Disqualified Individual” and “Excess Parachute Payment” shall have the
same meanings as under Code Section 280G, or any successor provision thereto. 
  

	H.	Administration. 

 The Plan is administered by
the Board of Directors, which shall have the discretion to interpret the terms of the Plan and to make all determinations about eligibility and payment of benefits. All decisions of the Board of Directors, any action taken by the Board of Directors
with respect to the Plan and within the powers granted to the Board of Directors under the Plan, and any interpretation by the Board of Directors of any term or condition of the Plan, are conclusive and binding on all persons, and will be given the
maximum possible deference allowed by law. The Board of Directors may delegate and reallocate any authority and responsibility with respect to the Plan. 
  

	I.	Source of Payments. 

 Unless otherwise
determined by the Board of Directors, all payments and benefits provided under this Agreement shall be paid solely by the Bank. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to
result in the duplication of any payment or benefit. 
  

	J.	Inalienability. 

 In no event may any
employee sell, transfer, anticipate, assign or otherwise dispose of any right or interest under the Plan. At no time will any such right or interest be subject to the claims of creditors, nor liable to attachment, execution or other legal process.

  

	K.	Governing Law. 

 The provisions of the Plan
will be construed, administered and enforced in accordance with the laws of the Commonwealth of Massachusetts, except to the extent that federal law applies. 
  

	L.	Severability. 

 If any provision of the Plan
is held invalid or unenforceable, its invalidity or unenforceability will not affect any other provision of the Plan, and the Plan will be construed and enforced as if such provision had not been included. 
  

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	M.	No Employment Rights. 

 Neither the
establishment nor the terms of this Plan shall be held or construed to confer upon any employee the right to a continuation of employment by the Bank, nor constitute a contract of employment, express or implied. The Bank reserves the right to
dismiss or otherwise deal with any employee to the same extent and on the same basis as though this Plan had not been adopted. Nothing in this Plan is intended to alter the at-will status of the Bank’s employees, it being understood that,
except to the extent otherwise expressly set forth to the contrary in an individual employment-related agreement, the employment of any employee may be terminated at any time by either the Bank or the employee with or without cause. 
  

	N.	Amendment and Termination. 

 The Plan may be
terminated or amended in any respect by resolution adopted by a majority of the Board of Directors, unless a Change in Control has previously occurred. If a Change in Control occurs, the Plan no longer shall be subject to amendment, change,
substitution, deletion, revocation or termination in any respect whatsoever. The form of any proper amendment or termination of the Plan shall be a written instrument signed by a duly authorized officer or officers of the Bank, certifying that the
amendment or termination has been approved by the Board of Directors. A proper amendment of the Plan automatically shall effect a corresponding amendment to each Participant’s rights hereunder. A proper termination of the Plan automatically
shall effect a termination of all employees’ rights and benefits hereunder. 
  

	O.	Required Provisions. 

  

	 	(1)	In the event any of the provisions of this Section O are in conflict with the terms of this Plan, this Section O shall prevail. 

  

	 	(2)	The Board of Directors may terminate an employee’s employment at any time, but any termination by the Bank, other than termination for Cause, shall not prejudice an
employee’s right to compensation or other benefits under this Plan if such termination occurs at or following a Change in Control. An employee shall not have the right to receive compensation or other benefits for any period after Termination
for Cause. 

  

	 	(3)	Any payments made to employees pursuant to this Plan, or otherwise, are subject to and conditioned upon their compliance with 12 U.S.C. §1828(k) and FDIC regulation 12 C.F.R.
Part 359, Golden Parachute and Indemnification Payments. 

  

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 This plan has been approved and adopted by the Board of Directors and is effective as of
            , 2008. 
  

									
		 		 	 THE COMMUNITY BANK, A
 MASSACHUSETTS COOPERATIVE BANK

					
	Attest:	 	 	 		 	By:	 	 

  

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