Document:

Exhibit

Exhibit 10.254

EXECUTION VERSION

WEIL:\81001691\3\71620.0110
AMENDMENT NO. 1 TO 
AMENDED AND RESTATED CREDIT AGREEMENT 

This Amendment No. 1 to Amended and Restated Credit Agreement, dated as of April 26, 2016 (this “Amendment”), is among Lam Research Corporation, a Delaware corporation, as borrower (the “Borrower”), the Lenders party hereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”).  Capitalized terms not otherwise defined herein have the definitions provided therefor in the Credit Agreement referenced below.
W I T N E S S E T H:
WHEREAS, the Borrower, the Lenders party thereto and the Administrative Agent are parties to that certain Amended and Restated Credit Agreement, dated as of November 10, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and
WHEREAS, the Borrower has requested that the Administrative Agent and the Required Lenders amend the Credit Agreement as set forth herein, and the Administrative Agent and the Lenders party hereto have agreed to so amend the Credit Agreement upon terms and subject to conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties hereto agree as follows:
1.Amendments to the Credit Agreement.  The parties hereto agree that the Credit Agreement is hereby amended as follows upon the Amendment Effective Date (as defined below):

(a)The definition of “Bankruptcy Event” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“Bankruptcy Event” means, with respect to any Person, such Person has, or has a direct or indirect parent company that has, (i) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment or (ii) become the subject of a Bail-in Action; provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.
(b)The definition of “Domestic Subsidiary” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:

“Domestic Subsidiary” means a Subsidiary organized under the laws of a jurisdiction located in the United States of America or any political subdivision thereof, other than (i) any Foreign Subsidiary Holdco or (ii) any subsidiary of either a Foreign Subsidiary Holdco or a Foreign Subsidiary.  

Exhibit 10.254

(c)Section 1.01 of the Credit Agreement is hereby amended to insert the following new definitions in alphabetical order:

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
“Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway.
“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 
“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.    
“Foreign Subsidiary Holdco” means any Subsidiary substantially all of the assets of which consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries.
“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.
(d)The first sentence of Section 2.06(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“Subject to the terms and conditions set forth herein, the Borrower may request the issuance of Letters of Credit denominated in Agreed Currencies as the applicant thereof for the support of its or its Subsidiaries’ obligations, in a form reasonably acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to 

Exhibit 10.254

time during the Availability Period, and the Issuing Bank hereby agrees to issue such Letters of Credit in its sole discretion.”
(e)Section 6.03(a)(iii) of the Credit Agreement is hereby amended and restated to read as follows:
(iii)     (A) any Subsidiary may sell, transfer, lease or otherwise dispose of its assets to a Loan Party; (B) any Loan Party may sell, transfer, lease or otherwise dispose of its assets to another Loan Party; (C) any Subsidiary that is not a Loan Party may sell, transfer, lease or otherwise dispose of its assets to any Domestic Subsidiary; and (D) any Foreign Subsidiary may sell, transfer, lease or otherwise dispose of its assets to any other Foreign Subsidiary;
(f)     Article IX of the Credit Agreement is hereby amended by adding the following new Section 9.17 thereto. 
SECTION 9.17.  Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)     the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and
(b)     the effects of any Bail-in Action on any such liability, including, if applicable:
(i)a reduction in full or in part or cancellation of any such liability;

(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

(iii)the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority.

2.Conditions Precedent.  This Amendment shall be effective upon the date that the Administrative Agent has received counterparts of (i) this Amendment, duly executed by the Borrower, the Required Lenders and the Administrative Agent and (ii) that certain Amendment No. 1 to Term Loan Agreement, duly executed by the Borrower, the Required Lenders (as defined therein) and the Administrative Agent (such date, the “Amendment Effective Date”).

3.Representations and Warranties.  To induce the Administrative Agent and the Lenders party hereto to enter into this Amendment, the Borrower hereby represents and warrants to the Administrative Agent and the Lenders, that: 

Exhibit 10.254

(a)    This Amendment and the Credit Agreement as modified hereby constitute legal, valid and binding obligations of the Borrower, enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(b)    As of the date hereof and after giving effect to the terms of this Amendment, (i) no Default or Event of Default has occurred and is continuing and (ii) the representations and warranties of the Borrower set forth in the Loan Documents are true and correct in all material respects (or in all respects if such representation or warranty is qualified by Material Adverse Effect or other materiality qualifier) with the same effect as though made on and as of the date hereof, except to the extent that any such representation or warranty specifically refers to an earlier date, in which case such representation or warranty is true and correct in all material respects (or in all respects if such representation or warranty is qualified by Material Adverse Effect or other materiality qualifier) as of such earlier date.
4.Reference to and Effect on the Credit Agreement. 
 
(a)    Upon the Amendment Effective Date, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference to the Credit Agreement as amended hereby.
(b)    The Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby reaffirmed, ratified and confirmed. 
(c)    Except with respect to the subject matter hereof, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith.
(d)    This Amendment is a Loan Document under (and as defined in) the Credit Agreement.
5.Miscellaneous.

(a)    Governing Law.  This Amendment shall be construed in accordance with and governed by the law of the State of New York.
(b)    Headings.  Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
(c)    Counterparts.  This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile, PDF or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.
[Remainder of Page Intentionally Left Blank]

Exhibit 10.254

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first above written.
LAM RESEARCH CORPORATION, as the Borrower
By /s/ Douglas R. Bettinger                                             
Name: Douglas R. Bettinger
Title: Executive Vice President and Chief Financial Officer

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

JPMORGAN CHASE BANK, N.A.,     individually as a Lender, as a Swingline Lender, as Issuing Bank and as Administrative Agent
By: /s/ Timothy D. Lee    
Name: Timothy D Lee
Title: Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

GOLDMAN SACHS BANK USA, as a Lender 
By: /s/ Jerry Li    
Name: Jerry Li
Title: Authorized Signatory

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

BARCLAYS BANK PLC, as a Lender
By: /s/ Christopher Aitkin    
Name: Christopher Aitkin
Title: Assistant Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

CITIBANK, N.A., as a Lender
By: /s/ Susuan M. Olsen    
Name:  Susan M. Olsen
Title: Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

BANK OF AMERICA, N.A., as a Lender
By: /s/ Mukesh Singh    
Name: Mukesh Singh
Title: Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

BNP PARIBAS, as a Lender
By: /s/ Todd Rodgers    
Name: Todd Rodgers
Title:  Director
By: /s/ Thuy Bui    
Name: Thuy Bui
Title: Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
By: /s/ Ming K Chu    
Name: Ming K Chu
Title: Director
By: /s/ Peter Cucchiara    
Name: Peter Cucchiara
Title:  Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

MIZUHO BANK, LTD., as a Lender
By: /s/ Bertram H. Tang    
Name: Bertram H. Tang
Title:  Authorized Signatory

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a Lender
By: /s/ Lillian Kim    
Name: Lillian Kim
Title: Director

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

WELLS FARGO BANK, N.A., as a Lender
By: /s/ Matthew S. Thoreson    
Name: Matthew S. Thoreson
Title: Senior Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

HSBC BANK, USA, as a Lender
By: /s/ Stephanie W Lee    
Name: Stephanie W Lee
Title:  Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

PNC BANK, NATIONAL ASSOCIATION, as a Lender
By: /s/ Philip K. Liebscher    
Name: Philip K Liebscher
Title: Senior Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit Agreement

Exhibit 10.254

SUNTRUST BANK, as a Lender
By: /s/ Min Park    
Name: Min Park
Title:  Vice President

Signature Page to Amendment No. 1 to Amended and Restated Credit AgreementEXHIBIT 10.1

 

CHANGE OF CONTROL AGREEMENT

 

This Change of Control Agreement
(“Agreement”) is hereby entered into on this 17th day of August, 2016, by and between CHEMUNG CANAL TRUST
COMPANY, a trust company chartered under the laws of the State of New York with its principal office located at One Chemung Canal
Plaza, Elmira, New York 14902 (“Bank”), and Kimberly A. Hazelton, of 617 Creek Road, Genoa, NY 13071 (“Executive”).

 

WHEREAS, Executive serves as the Executive Vice President; and

 

WHEREAS, the Bank desires to set forth the severance benefits Executive
would receive in the event of a termination of Executive’s employment with the Bank following the occurrence of a Change
of Control;

 

NOW THEREFORE, to ensure Executive’s continued dedication to
the Bank and to induce Executive to remain and continue in the employ of the Bank, and for other good and valuable consideration,
the receipt and adequacy of which is hereby acknowledged, the parties hereby agree as follows:

 

1. CHANGE OF CONTROL. This Agreement shall become operative
only if and when there has occurred a “Change of Control” of the Bank. A “Change of Control” shall mean
(1) any merger, consolidation or other corporate reorganization in which the Bank is not the surviving corporation, (2) the event
that any “person” (as that term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934) becomes
the beneficial owner, directly or indirectly, of securities of the Bank representing thirty percent (30%) or more of the combined
voting power of the Bank’s then outstanding securities, provided that the acquisition of additional securities or voting
power by a person who, as of the date of this Agreement, already is the direct or indirect beneficial owner of twenty percent (20%)
of such combined voting power, shall not constitute a Change of Control, or (3) the event in which a majority of the members of
the Bank’s Board of Directors is replaced during any twenty-four (24) month period by Directors whose appointment or election
is not endorsed by two-thirds (2/3) of the members of the Bank’s Board of Directors prior to the date of appointment or election.

 

2. TERMINATION.

 

(a)If, after the occurrence of a Change of Control, Executive’s employment
is terminated by the Bank without Cause within the twelve (12) month period immediately following the effective date of the Change
of Control or if the Executive terminates his or her employment with the Bank for any reason, within such period, the Bank shall
pay to Executive, in addition to any other compensation, remuneration, or benefits due to Executive under any other plan, contract,
or arrangement with the Bank, the Severance Pay described in Section 3 of this Agreement in equal monthly installments for the
twenty-four (24) months immediately following the effective date of the termination of Executive’s employment, with the first
such installment to be paid on the first day of the first month immediately following the month in which Executive’s employment
is terminated.

 

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(b)For the purposes of this section, the Bank shall have “Cause”
to terminate Executive’s employment if Executive engages in personal dishonesty, willful misconduct, breach of fiduciary
duty, willful violation of any law, rule, or regulation (other than traffic violations or similar offenses), gross insubordination,
or gross negligence. For the purposes of this paragraph, no act or failure to act shall be considered “willful” unless
done or omitted to be done, by the Executive not in good faith and without a reasonable belief that Executive’s action or
omission is in the best interests of the Bank. In no event shall Executive be deemed to have been terminated for Cause unless and
until there shall have been delivered to Executive a copy of a certification by a majority of the non-officer members of the Board
of Directors finding that the Executive was guilty of conduct deemed to be Cause within the meaning of this paragraph.

 

3. SEVERANCE PAY. Except as provided in Section 4 of this
Agreement, Severance Pay payable to the Executive pursuant to this Agreement shall mean two (2.0) times the highest annual compensation
(including only salary and bonuses) paid by the Bank to Executive for any of the two (2) calendar years ending with the year in
which Executive’s employment is terminated. Severance Pay shall be reduced by all amounts that are required to be withheld
or deducted under federal, state or municipal law.

 

4. LIMITATIONS ON SEVERANCE PAY.

 

(a)Notwithstanding any other provision of this Agreement, in no event shall the
Bank be required to pay to Executive any amount under this Agreement which would, in the opinion of counsel to the Bank, constitute
an “excess parachute payment” as that term is defined by Section 280G and/or Section 4999 of the Code. The Bank shall
not be required to make any payment under this Agreement if, in the opinion of counsel to the Bank, such payment or the amount
thereof would violate any applicable Federal, state or local law or regulation.

 

(b)  In the event that the Bank is notified of any determination by counsel to
the Bank that the Bank’s payment of any amount under this Agreement would violate paragraph 4(a), the Bank shall provide
Executive written notice of such determination within five (5) business days of the date of such determination, which notice shall
indicate the amount by which any payment will be reduced as a result of such determination.

 

(c)All payments of Severance Pay pursuant to this Agreement shall be reduced
by the Bank as may be necessary to avoid violation of this Section 4. In the event that any government or other authority of competent
jurisdiction determines that any amount received by Executive pursuant to this Agreement constitutes an “excess parachute
payment,” or unreasonable compensation for the services performed or to be performed by Executive for the Bank, Executive
agrees to immediately repay to the Bank the amount determined to be an “excess parachute payment” or unreasonable compensation.
In the event that any such authority determines that any aspect of the transactions between Executive and the Bank pursuant to
this Agreement violates any federal, state or local law or regulation, the parties hereto agree to cooperate to take all steps
necessary to cure such violation.

 

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5. REGULATORY LIMITS. The provisions of this Section 5 shall
control as to continuing rights and obligations under this agreement notwithstanding any other provision of this Agreement, for
so long as the Bank shall be regulated by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation,
the New York State Banking Department or any other federal or state banking agency (each a “Regulator”).

 

(a)All obligations under this Agreement shall be terminated, except to the extent
determined by any Regulator that continuation thereof is necessary for the continued operation of the Bank at the time the Regulator
enters into an agreement to provide assistance to or on behalf of the Bank, or approves a supervisory merger to resolve problems
related to the operation of the Bank, or when the Bank is determined by a Regulator to be in an unsafe or unsound condition, notwithstanding
the vesting of any rights of the parties.

 

(b)All obligations under this Agreement shall be subject to and conditioned upon
the Bank’s satisfaction of and compliance with all state and federal laws, rules, and regulations applicable to the Bank,
notwithstanding the vesting of any rights hereunder. The Bank shall be relieved of all obligations under this Agreement to the
extent that performance or satisfaction of such obligations would violate or be inconsistent with any federal or state law, rule,
or regulation (including, without limitation, safety and soundness standards and related regulatory guidance), any order, directive
or notice from a Regulator, or any formal or informal agreement, safety and soundness compliance plan, or other agreement or plan
entered into by and between the Bank and any Regulator. Whether the obligations of this Agreement are inconsistent with any law,
rule, regulation, order, directive, notice, agreement, or plan just described shall be deemed determined if so found by any Regulator
or by an opinion of the Bank’s counsel, a copy or written summary of which finding or opinion of counsel shall be provided
by the Bank to Executive within five (5) business days of the Bank’s notice of such a determination.

 

(c)The payment, accrual and/or vesting of any Severance Pay shall be suspended
in the event the Bank receives any notice from any Regulator indicating an intent to issue an order or directive requiring the
Bank to take prompt corrective action or to take or refrain from taking any other action.

 

(d) In the event that any Regulator terminates or requires the Bank by order
or directive to terminate Executive, Bank shall be relieved of all obligations under this Agreement and this Agreement shall be
terminated and shall have no further force and effect.

 

(e) In the event that the Bank is relieved of any or all of its obligations under
this Agreement as a result of the application of this Section 5 or that any or all of such obligations is suspended, the Bank shall
provide, within five (5) business days of the Bank’s notice of relief or suspension, written notice to Executive describing
the extent to which the Bank has been relieved of its obligations under this Agreement or to which such obligations have been suspended
and the reason(s) therefor.

 

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6. SUCCESSORS. This Agreement shall inure to the benefit of
and be enforceable by Executive’s personal representatives and heirs. In the event that Executive dies while any amounts
remain payable to Executive hereunder, all such amounts shall be paid in accordance with the terms of this Agreement to designee(s)
or, if there is no such designee, to Executive’s estate.

 

7. SEVERABILITY. In the event that any court or other authority
of competent jurisdiction determines that any provision of this Agreement is invalid, illegal or unenforceable, such invalidity,
illegality or unenforceability shall be limited to such provision and shall not affect the validity, legality, or enforceability
of any other provision. Any provision in this Agreement which is invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be invalid, illegal or unenforceable, only to the extent required by such jurisdiction and without rendering
such provision invalid, illegal, or unenforceable in any other jurisdiction.

 

8. NO RIGHT TO CONTINUE EMPLOYMENT. This Agreement shall not
give Executive any right to remain in the employ of the Bank. Subject to the severance provisions in this Agreement or in any other
written agreement between the Bank and Executive, the Bank reserves the right to terminate Executive’s employment at any
time.

 

9. AMENDMENT; WAIVER. No provision of this Agreement may be
modified or waived except by a written instrument executed by Executive and on behalf of the Bank by an authorized representative,
which instrument specifically refers to this Section 9. No waiver of compliance with any condition or provision of this Agreement
shall be deemed or constitute a waiver of any other provision or condition of this Agreement and shall not operate to preclude
or limit any future waivers or modifications of the Agreement.

 

10. NOTICES. For the purposes of this Agreement, notices and
all other communications provided for in the Agreement shall be in writing ands shall be deemed to have been duly given when delivered
or mailed by United States first-class registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

 

	 	If to Executive:	Kimberly A. Hazelton
	 	 	617 Creek Road
	 	 	Genoa, NY 13071
	 	 	 
	 	If to the Bank	Chemung Canal Trust Company
	 	 	One Chemung Canal Plaza
	 	 	P.O. Box 1522
	 	 	Elmira, New York 14902-1522
	 	 	 

 

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or at such other address as any party may furnish to the other in writing. Notices of
change of address shall be effective only upon receipt.

 

11. ENTIRE AGREEMENT. This Agreement constitutes the entire
agreement between the parties and supersedes all current and prior agreements and understandings, whether written or oral, between
the parties, with respect to the subject matter hereof.

 

12. GOVERNING LAW. This Agreement shall be interpreted and
construed in accordance with the laws of the State of New York, without regard to any conflicts of law rules or principles.

 

13. JURISDICTION; VENUE; WAIVER OF JURY TRIAL. The Bank and
Executive agree that any action or proceeding seeking to enforce any provision of, or based on any claim arising out of, or otherwise
relating to this Agreement shall be brought in the courts of the State of New York, or, if it has or can acquire jurisdiction,
in the United States District Court for the Western District of new York. The Bank and Executive each give their consent to the
jurisdiction of these courts in any such action or proceeding and hereby waive any object to venue being laid in such courts. The
Bank and Executive further agree to waive their respective rights to a trial by jury in any such action or proceeding.

 

14. SECTION HEADINGS. All Section headings herein are included
for the purposes of convenience only and shall not be deemed to have any effect on the construction or interpretation of any provision
of this Agreement.

 

IN WITNESS WHEREOF, the parties hereto have hereby executed this
Agreement as of the date set forth above.

 

	 	 	CHEMUNG CANAL TRUST COMPANY,
	 	 	 
	 	 	By: 	/s/ Ronald M. Bentley
	 	 	Its: Chief Executive Officer
	 	 	 
	 	 	 
	 	 	EXECUTIVE
	 	 	 
	 	 	/s/ Kimberly A. Hazelton 8/17/16

 

 

 

 

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