Document:

Exhibit

EXHIBIT 10.2
AMENDMENT NO. 6 TO CREDIT AGREEMENT
This AMENDMENT NO. 6 TO CREDIT AGREEMENT (this “Agreement”), dated as of October 8, 2020, is by and among BARNES GROUP INC. (“BGI”), a Delaware corporation having its principal place of business at 123 Main Street, P.O. Box 489, Bristol, Connecticut 06011, BARNES GROUP SWITZERLAND GMBH, a limited liability company organized under the laws of Switzerland and an indirect, wholly-owned Subsidiary of BGI, registered at Unterer Einschlag, 2544 Bettlach, Switzerland, acting through its Nevis Branch having its registered office at 1426 Palm Grove, Four Seasons Estates, St. Kitts & Nevis, West Indies (“Barnes Switzerland”), BARNES GROUP ACQUISITION GMBH, a limited liability company incorporated under the laws of Germany and an indirect, wholly-owned Subsidiary of BGI, registered with the commercial register (Handelsregister) of the local court (Amtsgericht) of Freiburg i.Br. under HRB 710836 (“Barnes Germany”), and BARNES GROUP LUXEMBOURG (NO. 1) S.À R.L., a private limited liability company organized under the laws of the Grand Duchy of Luxembourg and a wholly-owned Subsidiary of BGI, having it registered office at 33, rue du Puits Romain, L-8070 Bertrange, Grand-Duchy of Luxembourg and registered with the Luxembourg Trade and Companies Register under number B111817 (“Barnes Luxembourg” and, together with BGI, Barnes Switzerland and Barnes Germany, the “Borrowers”, and each individually, a “Borrower”), and BANK OF AMERICA, N.A. (“Bank of America”), a national banking association, and the other lending institutions signatory hereto (the “Lenders”), and Bank of America, as administrative agent for itself and such other lending institutions (the “Administrative Agent”) with BofA Securities, Inc. (“BofA Securities”), JPMorgan Chase Bank, N.A. and Citizens Bank, N.A., as Co-Lead Arrangers (the “Lead Arrangers”), JPMorgan Chase Bank, N.A. and Citizens Bank, N.A., as Co-Syndication Agents (the “Syndication Agents”), and Truist Bank (formerly Branch Bank & Trust Company), TD Bank, N.A. and Wells Fargo Bank, National Association, as Co-Documentation Agents (the “Documentation Agents”).
WHEREAS, the Borrowers, the Lenders, the other lending institutions from time to time party thereto and the Administrative Agent are parties to that certain Fifth Amended and Restated Senior Unsecured Revolving Credit Agreement, dated as of September 27, 2011 (as amended by that certain Consent dated as of July 10, 2012, that certain Amendment No. 1 and Consent dated as of February 22, 2013, that certain Amendment No. 2 and Joinder dated as of September 27, 2013, that certain Amendment No. 3 dated as of October 15, 2014, that certain Amendment No. 4 dated as of February 2, 2017, that certain Increase and Amendment No. 5 dated as of October 19, 2018 and as further amended by this Agreement as of the Effective Date (as defined below), the “Credit Agreement”), pursuant to which the Lenders, upon certain terms and conditions, have agreed to make loans and otherwise extend credit to the Borrowers; and
WHEREAS, at the request of the Borrowers, the Administrative Agent and the Lenders have agreed to amend certain provisions of the Credit Agreement, upon the terms and conditions herein contained; 
NOW THEREFORE, in consideration of the mutual agreements contained in the Credit Agreement and herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

DB3/ 203491030.7

-2-

§1.Amendment to Credit Agreement.  Subject to the satisfaction of the conditions precedent set forth in Section 5 below:
(a)    §1.1 of the Credit Agreement is amended by inserting the following new definitions therein in their appropriate alphabetical order:
Affected Financial Institution.  (a) Any EEA Financial Institution or (b) any UK Financial Institution.
Beneficial Ownership Certification.  A certification regarding beneficial ownership required by the Beneficial Ownership Regulation.
Beneficial Ownership Regulation.  31 C.F.R. § 1010.230.
Covenant Relief Period.  The period from and including October 1, 2020 through and including September 30, 2021.
Resolution Authority.  An EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.
UK Financial Institution.  Any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.
UK Resolution Authority. The Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.
(b)    §1.1 of the Credit Agreement is amended by amending and restating the definition of “Bail-In Action” in its entirety as follows:
Bail in Action.  The exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.
(c)    §1.1 of the Credit Agreement is amended by amending and restating the definition of “Bail-In Legislation” in its entirety as follows:
Bail-In Legislation.  (a) 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, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

-3-

(d)    §1.1 of the Credit Agreement is amended by amending and restating the definition of “Write-Down and Conversion Powers” in its entirety as follows:
Write-Down and Conversion Powers.  (a) 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, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.
(e)    §1.2 of the Credit Agreement is amended by adding the following new clause (l) thereto:
(l)    Any reference herein to a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity).
(f)    §7.18 of the Credit Agreement is amended by amending and restating such Section in its entirety as follows:
7.18    Affected Financial Institution.  No Loan Party is an Affected Financial Institution.
(g)    §9.5.1(a) of the Credit Agreement is amended by amending and restating such section in its entirety as follows:
(a)    the Borrowers are in current compliance with and, giving effect to the proposed acquisition (including any borrowings made or to be made in connection therewith), will continue to be in compliance with all of the covenants in §9 hereof as if the transaction occurred on the first day of the period of measurement; provided that, to the extent such acquisition will be included as an Acquired Business, the Administrative Agent shall have received (i) an Officer’s Certificate certifying compliance with §§10.1, 10.2 and 10.3 as of the last day of the then most recently ended fiscal quarter, on a pro forma historical combined basis (as if such acquisition occurred on the first day of the most recently ended four (4) consecutive fiscal quarter period and, for purposes of determining such compliance, the maximum Leverage Ratio and Senior Leverage Ratio levels pursuant to §§10.2 and 10.3, 

-4-

respectively, to be applied for such determination shall be the maximum Leverage Ratio and Senior Leverage Ratio to be applied pursuant to §§10.2 and 10.3, respectively, as of the end of the fiscal quarter in which such acquisition was consummated), and (ii) the related documentation showing the estimated calculations (subject to any adjustments) made in determination thereof;
(h)    §10.2 of the Credit Agreement is amended by amending and restating such Section in its entirety as follows:
10.2    Leverage Ratio.  As of the end of any fiscal quarter, the Borrowers will not permit the ratio of Consolidated Total Debt (excluding, for purposes of calculation of the Leverage Ratio, reverse interest rate swap contracts) as at such date to Consolidated EBITDA for the four (4) consecutive fiscal quarters then ending (the “Leverage Ratio”) to be more than 3.75:1; provided that at the end of each of the first four fiscal quarters ending after the consummation of any acquisition (commencing with, for the avoidance of doubt, the fiscal quarter in which such acquisition was consummated) permitted under §9.5.1 with an aggregate consideration in excess of $150,000,000 (and for purposes of determining pro forma covenant compliance), the Borrowers will not permit the Leverage Ratio to be more than 4.25:1; provided, further, that the increase in the permitted Leverage Ratio level set forth in the immediately preceding proviso shall have no effect during the Covenant Relief Period. Additionally, at all times when any obligations under the 2014 BGI Note Purchase Agreement remain outstanding, the Borrowers shall comply with the Leverage Ratio as defined in the 2014 BGI Note Purchase Agreement.
(i)    §10.3 of the Credit Agreement is amended by amending and restating such Section in its entirety as follows:
10.3    Senior Leverage Ratio.  As of the end of any fiscal quarter, the Borrowers will not permit the ratio of Consolidated Senior Debt (excluding, for purposes of calculation of the Senior Leverage Ratio, reverse interest rate swap contracts) as at such date to Consolidated EBITDA for the four (4) consecutive fiscal quarters then ending (the “Senior Leverage Ratio”) to be more than (x) in the case of any fiscal quarter ending during the Covenant Relief Period, 3.75:1 and (y) at any other date of determination, 3.25:1; provided that at the end of each of the first four fiscal quarters ending after the consummation of an acquisition (commencing with, for the avoidance of doubt, the fiscal quarter in which such acquisition was consummated) permitted under §9.5.1 with an aggregate consideration in excess of $150,000,000, the Borrowers will not permit the Senior Leverage Ratio to be more than 3.50:1; provided, further, that the increase in the permitted Senior Leverage Ratio level set forth in the immediately preceding proviso shall have no effect during the Covenant Relief Period.  The Borrowers’ obligations to comply with this Section 10.3 shall terminate upon the repayment in full of all obligations under the 2014 BGI Note Purchase Agreement.
(j)    §16.17 of the Credit Agreement is amended by (i) deleting all appearances of the text “EEA Financial Institution” and inserting in their place the text “Affected Financial Institution” and (ii) deleting all appearances of the text “an EEA Resolution Authority” and inserting in their place the text “the applicable Resolution Authority”.
(k)    §16 of the Credit Agreement is amended by adding a new § 16.18 to read as follows:

-5-

16.18    Acknowledgement Regarding Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Hedge Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):
(a)    In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.
(b)    As used in this §16.18, the following terms have the following meanings:
“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.
“Covered Entity” means any of the following:  (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).
“Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

-6-

“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).
§2.        Amendment to Compliance Certificate.  Exhibit C to the Credit Agreement is hereby deleted in its entirety and replaced with Exhibit C (Form of Compliance Certificate) attached hereto as Annex A.
§3.        Representations and Warranties.  As of the Effective Date (as defined below), each of the Borrowers and the Guarantors, as the case may be, represents and warrants to the Lenders and the Administrative Agent as follows:
(a)Representations and Warranties in Credit Agreement.  The representations and warranties of the Borrowers contained in the Credit Agreement were true and correct in all material respects when made (other than any representation and warranty that is expressly qualified by materiality, in which case such representation and warranty is true and correct in all respects), and continue to be true and correct on the Effective Date, except for any such representations or warranties which by their terms refer to a specific date.
(b)    Authority, Etc.  The execution and delivery by each of the Borrowers and the Guarantors of this Agreement and the performance by each of the Borrowers and the Guarantors of all of its respective agreements and obligations of this Agreement and the other documents delivered in connection therewith (collectively, the “Agreement Documents”), the Credit Agreement as modified hereby and the other Loan Documents (i) are within the corporate or company authority of such Borrower or such Guarantor, (ii) have been duly authorized by all necessary corporate or company proceedings by such Borrower and such Guarantor, (iii) do not conflict with or result in any breach or contravention of any provision of law, statute, rule or regulation to which such Borrower or such Guarantor is subject or any judgment, order, writ, injunction, license or permit applicable to such Borrower or such Guarantor or any provision of the Governing Documents of such Borrower or such Guarantor, (iv) do not conflict with any agreement or other instrument binding upon, such Borrower or such Guarantor, except where any such conflict would not have a Material Adverse Effect, and (v) do not require the approval or consent of, or filing with, any Person other than those already obtained. 
(c)    Enforceability of Obligations. This Agreement, the Agreement Documents, the Credit Agreement as modified hereby, and the other Loan Documents constitute the legal, valid and binding obligations of such Borrower or such Guarantor, enforceable against such Borrower or such Guarantor in accordance with their respective terms.  
(d)    No Default.  Immediately before and after giving effect to this Agreement, no Default or Event of Default exists under the Credit Agreement or any other Loan Document.
(e)    Beneficial Ownership Certification. As of the Effective Date, the information included in the Beneficial Ownership Certifications for (i) Barnes Germany dated September 25, 2019 (titled “Reconfirmation of U.S. Beneficial Ownership”), (ii) Barnes Switzerland dated October 2, 2020 (titled “U.S. Client Certification of Beneficial Ownership Global Banking and Markets”), and (iii) Barnes Luxembourg dated August 8, 2018 (titled “Client Certification of Beneficial Ownership Global Banking and Markets-U.S.”), are true and correct in all respects.

-7-

§2.    Affirmation of Borrowers and Guarantors.  
(a)    Each Borrower hereby affirms its absolute and unconditional promise to pay to each Lender and the Administrative Agent the Revolving Credit Loans, the Swing Line Loans, the Reimbursement Obligations and all other amounts due under the Notes, the Letters of Credit, the Credit Agreement as modified hereby and the other Loan Documents, at the times and in the amounts provided for therein.  Each Borrower confirms and agrees that all references to the term “Credit Agreement” in the other Loan Documents shall hereafter refer to the Credit Agreement as modified hereby.
(b)    Each of the undersigned Guarantors hereby acknowledges that it has read and is aware of the provisions of this Agreement.  Each such Guarantor hereby reaffirms its absolute and unconditional guaranty of the applicable Borrower’s payment and performance of its obligations to the Lenders and the Administrative Agent under the Credit Agreement as modified hereby.  Each Guarantor hereby confirms and agrees that all references to the term “Credit Agreement” in the Guaranty to which it is a party shall hereafter refer to the Credit Agreement as modified hereby.
§3.    Conditions to Effectiveness. This Agreement shall not become effective until each of the following conditions is satisfied (the date, if any, on which such conditions shall have first been satisfied being referred to herein as the “Effective Date”):
(a)    Agreement Documents, Etc.  The Administrative Agent shall have received this Agreement executed and delivered by the Borrowers, the Required Lenders, and the Administrative Agent.
(b)    Corporate or Other Action.  All corporate (or other) action necessary for the valid execution, delivery and performance by each of the Borrowers of this Agreement, the other Agreement Documents and the other Loan Documents to which it is or is to become a party shall have been duly and effectively taken, and satisfactory evidence thereof shall have been provided to the Administrative Agent.
(c)    Amendment to Note Purchase Agreement. The Administrative Agent shall have received a duly executed and delivered copy of an amendment to the 2014 BGI Note Purchase Agreement, amending Sections 1.3 and 1.4 thereof in a manner consistent with the amendments to Sections 9.5.1(a), 10.2 and 10.3 set forth above.
(d)    Amendment Fee.  The Borrowers shall have paid to the Administrative Agent, for the account of each Lender which executes this Amendment (including Bank of America), an amendment fee of 10.0 basis points on the Commitments of such Lenders in effect as of the date hereof. Such amendment fee shall be for the Lenders’ agreement to enter into this Agreement, for the account of such Lenders, and shall be payable in full upon the Effective Date.
(e)    Other Fees and Expenses.  The Borrowers shall have paid to the Administrative Agent (i) any fees due and owing to the Administrative Agent or its affiliate in connection with this Amendment as may be separately agreed to in a separate writing among BGI, the Administrative Agent and its affiliate and (ii) all reasonable out-of-pocket costs and expenses incurred or sustained by the Administrative Agent in connection with the preparation of this Agreement (including reasonable legal fees and disbursements of the Administrative Agent’s Special Counsel, to the extent 

-8-

reflected in a statement of such counsel rendered to the Borrowers at least one Business Day prior to the Effective Date) due and payable on or prior to the Effective Date.
§1.        Satisfaction of Conditions.  Without limiting the generality of the foregoing Section 5, for purposes of determining compliance with the conditions specified in Section 5, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the date hereof specifying its objection thereto.
§2.        Miscellaneous Provisions.
(a)        This Agreement shall constitute one of the Loan Documents referred to in the Credit Agreement.  Except as otherwise expressly provided by this Agreement, all of the terms, conditions and provisions of the Credit Agreement shall remain the same.  It is declared and agreed by each of the parties hereto that the Credit Agreement, as modified hereby, shall continue in full force and effect, and that this Agreement and the Credit Agreement shall be read and construed as one instrument.  Nothing contained in this Agreement shall be construed to imply a willingness on the part of the Lenders or the Administrative Agent to grant any similar or other future consents, amendments or waivers with respect to any of the terms and conditions of the Credit Agreement or the other Loan Documents or shall in any way prejudice, impair or effect any rights or remedies of the Lenders and the Administrative Agent under the Credit Agreement or the other Loan Documents.  
(b)        THIS AGREEMENT IS A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW §5-1401, BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.  EACH BORROWER CONSENTS AND AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, THE L/C ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT AND CONSENTS TO SERVICE OF PROCESS IN ANY SUCH ACTION, LITIGATION OR PROCEEDING BEING MADE UPON SUCH BORROWER IN ACCORDANCE WITH LAW AT THE ADDRESS SPECIFIED IN THE CREDIT AGREEMENT.  EACH BORROWER HEREBY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE 

-9-

VENUE OF ANY SUCH SUIT OR ANY SUCH COURT OR THAT SUCH SUIT IS BROUGHT IN AN INCONVENIENT COURT.  
(c)        This Agreement may be executed in any number of counterparts, but all such counterparts shall together constitute but one instrument.  Delivery of an executed signature page of this Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart thereof.  In making proof of this Agreement it shall not be necessary to produce or account for more than one counterpart signed by each party hereto by and against which enforcement hereof is sought.  For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Administrative Agent or any Lender of a manually signed counterpart which has been converted into electronic form (such as scanned into PDF format), or an electronically signed counterpart converted into another format, for transmission, delivery and/or retention. Headings or captions used in this Agreement are for convenience of reference only and shall not define or limit the provisions hereof.  
[Remainder of Page Intentionally Left Blank]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as an agreement as of the date first written above.

BARNES GROUP INC.

		
	By: /s/ Michael V. Kennedy
	 
Name:  Michael V. Kennedy 
Title:    Vice President, Tax & Treasury

Signature Page to Amendment No. 6 to Credit Agreement

BARNES GROUP LUXEMBOURG (NO. 1) S.À R.L.
		
	By: /s/ Michael V. Kennedy
	 
Name:  Michael V. Kennedy 
Title:    Class B Manager

Signature Page to Amendment No. 6 to Credit Agreement

BARNES GROUP SWITZERLAND GmbH, Nevis Branch
		
	By: /s/ Michael V. Kennedy
	 
Name:  Michael V. Kennedy 
Title:    Managing Director     

Signature Page to Amendment No. 6 to Credit Agreement

BARNES GROUP ACQUISITION GmbH
By:  /s/ Michael V. Kennedy    
		
	Name:
	Michael V. Kennedy

		
	Title:
	Managing Director

Signature Page to Amendment No. 6 to Credit Agreement

BANK OF AMERICA, N.A., individually, as a Lender, Issuing Bank and as Swing Line Lender
		
	By: /s/ Heather R. Wharton
	 
Name:  Heather R. Wharton 
Title:    Senior Vice President

BANK OF AMERICA, N.A., as Administrative Agent
		
	By: /s/ Liliana Claar
	 
Name:  Liliana Claar 
Title:    Vice President

Signature Page to Amendment No. 6 to Credit Agreement

CITIZENS BANK, N.A., as a Lender
		
	By: /s/ Kathryn H. Lambrecht
	 
Name:  Kathryn H. Lambrecht 
Title:    Vice President    

Signature Page to Amendment No. 6 to Credit Agreement

JPMORGAN CHASE BANK, N.A., as a Lender
		
	By: /s/ Peter Predun
	 
Name:  Peter Predun 
Title:    Executive Director    

WELLS FARGO BANK, N.A., as a Lender
		
	By: /s/ Kurt A. Filosa
	 
Name:  Kurt A. Filosa 
Title:    Vice President    

Signature Page to Amendment No. 6 to Credit Agreement

TRUIST BANK, formerly known as BRANCH BANKING & TRUST COMPANY, as a Lender
		
	By: /s/ Matthew J. Davis
	 
Name:  Matthew J. Davis 
Title:    Senior Vice President    

Signature Page to Amendment No. 6 to Credit Agreement

TD BANK, N.A., as a Lender
		
	By: /s/ Bernadette Collins
	 
Name:  Bernadette Collins 
Title:    Senior Vice President    

Signature Page to Amendment No. 6 to Credit Agreement

PNC BANK, NATIONAL ASSOCIATION, as a Lender
		
	By: /s/ Garreth Boyle
	 
Name:  Garreth Boyle 
Title:    Senior Vice President    

Signature Page to Amendment No. 6 to Credit Agreement

U.S. BANK NATIONAL ASSOCIATION, as a Lender
		
	By: /s/ Mark Irey
	 
Name:  Mark Irey 
Title:    Vice President    

Signature Page to Amendment No. 6 to Credit Agreement

HSBC BANK USA, N.A., as a Lender
		
	By: /s/ Senarath Weerasinghe
	 
Name:  Senarath Weerasinghe 
Title:    Senior Vice President    

Signature Page to Amendment No. 6 to Credit Agreement

WEBSTER BANK, NATIONAL ASSOCIATION, as a Lender
		
	By: /s/ George G Sims
	 
Name:  George G Sims 
Title:    Senior Vice President    

DBS BANK LTD., as a Lender
		
	By: /s/ Terence Yong
	 
Name:  Terence Yong 
Title:    Managing Director    

Signature Page to Amendment No. 6 to Credit Agreement

THE BANK OF NEW YORK MELLON, as a Lender
		
	By: /s/ Thomas J. Tarasovich, Jr.
	 
Name:  Thomas J. Tarasovich, Jr. 
Title:    Vice President    

Signature Page to Amendment No. 6 to Credit Agreement

THE HUNTINGTON NATIONAL BANK, as a Lender
		
	By: /s/ Scott Pritchett
	 
Name:  Scott Pritchett 
Title:    Staff Officer    

Signature Page to Amendment No. 6 to Credit Agreement

THE NORTHERN TRUST COMPANY, as a Lender
		
	By: /s/ Eric Siebert
	 
Name:  Eric Siebert 
Title:    SVP

DB3/ 203491030.7Exhibit 101 Employment Agreement

		
			FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
		

		
			between
		

		
			Evans Bank, N.A., Evans Bancorp, Inc. 
		

		
			and
		

		
			David J. Nasca
		

		
			﻿
		

		
			THIS AGREEMENT is made this 21st day of September __, 2020, by and between by and between Evans Bank, N.A. (the “Bank”), Evans Bancorp, Inc. (the “Company”), and David J. Nasca (the “Executive”). Any reference to the “Employer” shall mean both the Company and the Bank.
		

		
			WHEREAS, the Employer and the Executive are parties to an Employment Agreement effective September 9, 2009; and
		

		
			WHEREAS, the Employer and the Executive have mutually agreed to modify certain terms of the Executive’s Employment Agreement; and
		

		
			NOW, THEREFORE, in consideration of the mutual promises set forth below, to be performed one for the other, the parties agree to revise Sections 2(a), 2(b), 4(a), 4(b), 4(c),  6(b), 6(c), 7, 9(b), 10, 11 and Appendix A paragraphs 1 and 2 (but Appendix A is attached in its entirety) with all terms made effective on September 21,   2020, as follows:
		

		
			﻿
		

			
	
			
				 2.
			TERM AND DUTIES.

		
			﻿
		

			
	
			
				 (a)
			Term of Contract.  

			
	
			
				i.
			

			
	
			
			Effective as of October 27, 2019, the Executive's period of employment with the Employer under this Agreement shall begin on October 27, 2019 and continue for a period of thirty six (36) months, that is until October 27, 2022, unless the parties agree that the Employment Period shall end on an earlier date.  

			
	
			
				ii.
			

			
	
			
			Effective as of October 27, 2022, the Executive’s period of employment shall continue on October 27, 2022 for a period of one (1) year and renew daily so that at all times the Executive has a remaining one (1) year term,  except as provided in 2(b)(i) and (ii) below,  and the Employment Period shall expire and this  Agreement shall terminate on October 27, 2025, unless the parties agree that the Employment Period shall end on an earlier date

			
	
			
				 (b)
			Non-Renewal Notice.  

			
	
			
				i.
			

			
	
			
			The Bank may give the Executive written notice of non-renewal (“Non-Renewal Notice”) of the period of employment for the one (1) year term beginning on October 27, 2022 whereby the Employment Period shall end on the date that is one (1) year after the date of the Non-Renewal Notice.

		

		

		 

		

			Page 1 of 10

		

		

			 

		

 

		﻿
		

			
	
			
				ii.
			

			
	
			
			The Executive may give the Bank written notice of non-renewal (“Non-Renewal Notice”) of the period of employment for the one (1) year term beginning on October 27, 2022 whereby the Employment Period shall end on the date that is one (1) year after the date of the Non-Renewal Notice.

		
			﻿
		

			
	
			
				iii.
			

			
	
			
			The non-renewal of the Executive’s period of employment in this Agreement does not render the Executive eligible in any way for a severance agreement/payment set forth in Paragraph 4 of this Agreement or otherwise.  

		
			 
		

			
	
			
				 4.
			

			
	
			
			PAYMENTS TO EXECUTIVE UPON AN EVENT OF TERMINATION.

		
			﻿
		

			
	
			
				 (a)
			Upon the occurrence of an Event of Termination (as herein defined), the provisions of this section shall apply. As used in this Agreement, an “Event of Termination” shall not mean non-renewal of this Agreement by the Bank or Executive, as set forth in paragraph 2(b) above, but shall mean and include any one or more of the following:

		
			. . . (Subsections (i), (ii) and (iii) remain and are unchanged)
		

			
	
			
				 (b)
			Effective through and including October 27, 2022 – Within 30 days following the occurrence of an Event of Termination, the Employer shall pay Executive, or, in the event of his subsequent death, his beneficiary or beneficiaries, or his estate, as the case may be, as severance pay or liquidated damages, or both, a lump sum cash amount equal to three times the sum of (x) highest annual rate of Base Salary paid to Executive at any time under the Agreement, and (y) the average annual incentive bonus paid to Executive during the three completed calendar years preceding the Event of Termination; provided, however, that if such payment is made in connection with an involuntary termination of employment or voluntary resignation for Good Reason within two years after a Change in Control, then such payment is conditioned upon the Executive signing a general release acceptable to the Employer, in substantially the form set forth as Appendix A to this Agreement. Such payment shall not be reduced in the event Executive obtains other employment following termination of employment. Upon an Event of Termination, the Executive shall have such rights as specified in any other employee benefit plans or programs maintained by the Employer, as may be in effect from time to time, and shall specifically include pay for accrued unused PTO pursuant to Evans policy.

		
			Notwithstanding the preceding paragraph, if an Event of Termination occurs after October 27, 2022 this paragraph will control. Following the occurrence of an Event of Termination (which – for purposes of this sentence, shall exclude what is described in Section 4(a)(iii) concerning Change in Control), the Employer shall pay Executive, as severance pay or liquidated damages, or both, an amount equal to the sum of (x) highest annual rate of Base Salary paid to Executive at any time under the Agreement, and (y) the average annual incentive bonus paid to Executive during the three completed calendar years preceding the Event of Termination.  If the Event of Termination is made in connection with an involuntary termination of employment or voluntary resignation for Good Reason within two years after a Change in Control, as set forth in in Section 4(a)(iii), then the Employer shall pay Executive, as severance pay or liquidated damages, or both, an amount equal to two times the sum of (x) highest annual rate of Base Salary paid to Executive at any time under the Agreement, and (y) the average annual incentive bonus paid to Executive during the three completed calendar years preceding the Event of Termination with such payment conditioned upon the Executive signing a general release acceptable to the 
		

		 

		

			Page 2 of 10

		

		

			 

		

 

		Employer, in substantially the form set forth as Appendix A to this Agreement. Such payment shall be made to the Executive or, in the event of his subsequent death to his beneficiary or beneficiaries, or his estate, as the case may be, within 30 days following the occurrence of an Event of Termination.   Such payment shall be paid in a lump sum.   Upon an Event of Termination, the Executive shall have such rights as specified in any other employee benefit plans or programs maintained by the Employer, as may be in effect from time to time, and shall specifically include pay for accrued unused PTO pursuant to Evans policy.
		

		
			(c)  Upon the occurrence of an Event of Termination, the Employer will continue to provide, under the same cost-sharing arrangement as is in effect upon the Event of Termination, life insurance and non-taxable medical and health insurance coverage substantially comparable, as reasonably or customarily available, to the coverage maintained by the Employer for Executive prior to his termination, except to the extent such coverage may be changed in its application to all Employer employees. If prior to October 27, 2022, then such coverage shall cease 36 months following the Event of Termination.  If on or after October 27, 2022, then such coverage shall cease 12 months  (or less equivalent to the term remaining on the Agreement if Non-renewal Notice has been provided) following the Event of Termination.
		

		
			﻿
		

		
			6.TERMINATION FOR DISBILITY OR DEATH 
		

		
			. . . 
		

		
			(b) Executive shall participate in the short and long term disability plans and benefits offered by the Bank to senior executives, including, but not limited to, (i) long term disability income replacement benefits equal to no less than 60% of Executive's base salary and bonus, based on Executive being unable to perform the required functions of Executive's own occupation and (ii) supplemental retirement benefits under a long-term disability program, such that, in the event the Executive receives long term disability benefits, an additional amount will be credited for the benefit of the Executive and will be paid at the time and in the form specified in the plan documents.
		

		
			(c)The Employer will cause to be continued, under the same cost-sharing arrangement as is in effect for active employees, life insurance and non-taxable medical and health insurance coverage substantially comparable, as reasonable or customarily available, to the coverage maintained by the Employer for Executive prior to his termination for Disability, except to the extent such coverage may be changed in its application to all Employer employees or not available on an individual basis to an employee terminated for Disability. This coverage shall cease upon the earlier of (i) Executive's full-time employment by another employer; (ii) Executive attaining the age of 65; or (iii) Executive's death. Upon a termination of Executive's employment due to Disability, the Executive shall have such rights as specified in any other employee benefit plans or programs maintained by the Employer, as may be in effect from time to time and shall specifically include pay for accrued unused PTO pursuant to Evans policy.
		

		
			. . . 
		

		
			﻿
		

		
			﻿
		

		

		

		 

		

			Page 3 of 10

		

		

			 

		

 

		7. TERMINATION UPON RETIREMENT.
		

		
			Termination of Executive's employment based on “Retirement” shall mean termination of Executive's employment at age 65 or in accordance with any retirement policy established by the Board with Executive's consent with respect to him. Upon termination of Executive based on Retirement, no amounts or benefits shall be due Executive under this Agreement, and Executive shall be entitled to all benefits under any retirement plan of the Employer and other plans to which Executive is a party and shall specifically include pay for accrued unused PTO pursuant to Evans policy.
		

		
			. . . 
		

		
			﻿
		

			
	
			
				 9.
			NOTICE.

		
			﻿
		

		
			. . . 
		

		
			(b) Any other purported termination by the Employer or by Executive shall be communicated by a Notice of Termination to the other party. If, within 30 days after any Notice of Termination is given, the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the parties shall promptly proceed to arbitration as provided in Section 19 of this Agreement. Notwithstanding the pendency of any such dispute, the Employer shall continue to pay Executive his Base Salary, and other compensation and benefits (including, without limitation, health insurance coverage) in effect when the notice giving rise to the dispute was given (except as to termination of Executive for Cause); provided, however, that such payments and benefits shall not continue (1)  beyond the date that is 36 months from the date of the Notice of Termination when the Notice of Termination is provided prior to October 27, 2022 or (2) beyond the date that is 12 months (or less equivalent to the term remaining on the Agreement when Non-renewal Notice has been provided) from the date of the Notice of Termination when the Notice of Termination is provided on or after October 27, 2022.  In the event the voluntary termination by Executive of his employment for Good Reason is disputed by the Employer, and if it is determined in arbitration that Executive is not entitled to termination benefits pursuant to this Agreement, he shall return all cash payments made to him pending resolution by arbitration, with interest thereon at the prime rate as published in The Wall Street Journal from time to time if it is determined in arbitration that Executive's voluntary termination of employment for Good Reason was not taken in good faith and not in the reasonable belief that grounds existed for his voluntary termination for Good Reason. If it is determined that the Executive is entitled to receive severance benefits under this Agreement, then any continuation of Base Salary and other compensation and benefits made to the Executive under this Section 9 shall offset the amount of any severance benefits that are due to the Executive under this Agreement.
		

		
			. . . 
		

		
			﻿
		

			
	
			
				 10.
			

			
	
			
			POST-TERMINATION OBLIGATIONS AND CONFIDENTIALITY.

		
			. . . 
		

		

		

		 

		

			Page 4 of 10

		

		

			 

		

 

		(c) Executive agrees that he shall not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any person, other than in the course of the Executive's assigned duties and for the benefit of the Company or the Bank, either during the period of the Executive's employment or at any other time thereafter, any nonpublic, proprietary or confidential information, knowledge or data relating or belonging to the Company or the Bank, any of their respective subsidiaries, affiliated companies or businesses, which shall have been obtained by the Executive during the Executive's employment with the Company or the Bank. The foregoing shall not apply to information that (i) was known to the public prior to its disclosure to the Executive; (ii) becomes known to the public subsequent to disclosure to the Executive through no wrongful act of the Executive of any representative of the Executive; or (iii) the Executive is required to disclose by applicable law, regulation or legal process  including compliance with the Defend Trade Secrets Act and the whistleblower provisions of Rule 21F-17 of the Securities and Exchange Act of 1934 (provided that the Executive provides the Company and the Bank, as the case may be, with prior notice of the contemplated disclosure and reasonably cooperates with the Company or Bank, as the case may be, at its expense in seeking a protective order or other appropriate protection of such information). Notwithstanding clauses (i) and (ii) of the preceding sentence, the Executive's obligation to maintain such disclosed information in confidence shall not terminate where only portions of the information are in the public domain.
		

		
			﻿
		

		
			11. SOURCE OF PAYMENTS AND INTENDED COMPLIANCE.
		

		
			All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. The Company, however, guarantees payment and provision of all amounts and benefits due hereunder to Executive, and if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.
		

		
			It is intended that all terms and payments under this Agreement comply with Code Section 409A if necessary to comply with Code Section 409A, and this Agreement will be interpreted and administered in accordance with this intent. If any payment or the provision of any benefit under the Agreement that is conditioned on Executive signing and not revoking a general release represents deferred compensation subject to Code Section 409A, and the period in which Executive may review and revoke the general release begins in one calendar year and ends in a second calendar year, then any such payment or the provision of any such benefit will in all cases not be paid or provided (or commence to be paid or provided) until the second calendar year. If payment or provision of any amount or benefit under this Agreement at the time specified would subject such amount or benefit to any additional tax under Code Section 409A, the payment or provision of such amount or benefit will be postponed, if possible, to the earliest commencement date on which the payment or provision of such amount or benefit could be made without incurring such additional tax. The Employer agrees to amend the Agreement in order to comply with Code Section 409A and avoid the imposition of additional tax under Code Section 409A; provided, however, that no amendment is required if such amendment would increase the amount payable by the Employer under the Agreement. For the avoidance of doubt, the provisions of this Section 11 are intended to complement, not supplant, the provisions in Sections 4(d) and 4(e) of the Agreement.
		

		
			﻿
		

		
			﻿
		

		

		

		 

		

			Page 5 of 10

		

		

			 

		

 

		
		

		 

		

			Page 6 of 10

		

		

			 

		

 

		
		

		
			APPENDIX A

ACKNOWLEDGMENT AND RELEASE
		

		
			This Acknowledgment and Release (the “Acknowledgment and Release”) is entered into as of ________________________, by and between David J. Nasca (“Executive”), Evans Bank, NA (the “Bank”) and Evans Bancorp, Inc. (the “Company”).
		

		
			WHEREAS, the Executive, the Bank and the Company have entered into an employment agreement dated ________________________ (the “Employment Agreement”); and
		

		
			WHEREAS, the Executive, the Bank and the Company have agreed to terminate the Employment Agreement in exchange for payment of the severance benefits described in the Employment Agreement, which payment is contingent upon the execution of this Acknowledgment and Release;
		

		
			NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, it is agreed as follows:
		

			
	
			
				 1.
			Consideration.  In full satisfaction of the benefits payable under the Employment Agreement (other than the Bank's obligation to continue life insurance and non-taxable medical and health insurance coverage following the date of termination of employment for (a) 36 months if prior to October 27, 2022 or (b) 12 months, or less equivalent to the term remaining on the Agreement when Non-renewal Notice has been provided, if after October 27, 2022) no later than ________________________, the Bank shall pay the Executive a lump sum payment in the amount of $____________ (the “Payment”).

			
	
			
				 2.
			Release and Waiver.

			
	
			
				 (a)
			Executive hereby agrees that the Payment will be in full satisfaction of all obligations of the Bank and the Company to Executive under the Employment Agreement, other than the Bank's obligation to continue life insurance and non-taxable medical and health insurance coverage following the date of termination of employment for (a) 36 months if prior to October 27, 2022 or (b) 12 months,  or less equivalent to the term remaining on the Agreement when Non-renewal Notice has been provided,  if after October 27, 2022.

			
	
			
				 (b)
			Executive, on behalf of himself, his heirs and assigns, irrevocably and unconditionally releases the Bank and the Company from all claims, controversies, liabilities, demands, causes of action, debts, obligations, promises, acts, agreements, and damages of whatever kind or nature, whether known or unknown, suspected or unsuspected, foreseen or unforeseen, liquidated or contingent, actual or potential, jointly and individually, that he has had or now has, based on any and all aspects of the Agreements, including, but not limited to, any and all claims for breach of express or implied contract or covenant of good faith and fair dealing (whether written or oral), all claims for retaliation or violation of public policy, breach of promise, detrimental reliance or tort (e.g., intentional infliction of emotional distress, defamation, wrongful termination, interference with contractual or advantageous relationship, etc.), whether based on common law or otherwise; all claims arising under Title VII of the Civil Rights Act of 1964, as amended; the Age Discrimination in Employment Act; the Americans with Disabilities Act; the Equal Pay Act, the Fair Labor Standards Act (“FLSA”), the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), the Employee Retirement Income Security Act (“ERISA”), the Family and Medical Leave Act, the National Labor Relations Act, the Rehabilitation Act, the Older Worker Benefits Protection Act, the New York Human Rights Law, the New York Labor Law, the Constitution 
		

		 

		

			Page 7 of 10

		

		

			 

		

 

			of the State of New York, claims for emotional distress, mental anguish, personal injury, loss of consortium; any and all claims that may be asserted on Executive's behalf by others (including the Equal Employment Opportunity Commission), or any other federal, state or local laws or regulations relating to employment or benefits associated with employment. The foregoing list is meant to be illustrative rather than inclusive. Notwithstanding the above, it is understood that Executive does not waive any rights he may have to vested benefits under any tax-qualified retirement, restricted stock or stock option awards, or any other benefit plan, contract or arrangement.

			
	
			
				 (c)
			Executive waives the rights and claims to the extent set forth above, and he also agrees not to institute, or have instituted, a lawsuit against the Bank and/or the Company based on any such waived claims or rights.

			
	
			
				 (d)
			Executive acknowledges that he/she has been instructed to, and has had the opportunity to review this Acknowledgment and Release with an attorney or any representative of his/her choosing before signing it. Executive further acknowledges that he/she has twenty-one (21) days from the date Executive receives this Acknowledgement and Release to consider this Acknowledgment and Release. Executive further acknowledges that he/she was given information about other employees laid off and retained within his/her department (if any), including their ages, and has had an opportunity to consider and review this information along with this Acknowledgment and Release.

			
	
			
				 (e)
			Executive shall have seven (7) days after signing this Acknowledgment and Release to revoke it. This Acknowledgment and Release shall not be effective nor will any consideration be provided until after the revocation period has passed. A revocation of this Acknowledgment and Release shall be written and shall not be effective unless actually received by the Bank and the Company on or before the 7th day after this Acknowledgment and Release has been signed.

			
	
			
				 (f)
			EXECUTIVE ACKNOWLEDGES AND AGREES THAT THIS RELEASE IS A FULL AND FINAL BAR TO ANY AND ALL CLAIM(S) OF ANY TYPE THAT HE MAY NOW HAVE AGAINST THE BANK AND/OR THE COMPANY, TO THE EXTENT PROVIDED ABOVE BUT THAT IT DOES NOT RELEASE ANY CLAIMS THAT MAY ARISE AFTER THE DATE OF THIS AGREEMENT OR NOT OTHERWISE ADDRESSED HEREIN.

			
	
			
				 3.
			General Provisions.

			
	
			
				 (a)
			Heirs, Successors and Assigns.  The terms of this Acknowledgment and Release shall be binding upon the parties hereto and their respective heirs, successors and assigns, including but not limited to the Bank and the Company.

			
	
			
				 (b)
			Final Agreement.  This Acknowledgment and Release represents the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior understandings, written or oral. The terms of this Acknowledgment and Release may be changed, modified or discharged only by an instrument in writing signed by the parties hereto.

			
	
			
				 (c)
			Governing Law.  This Acknowledgment and Release shall be construed, enforced and interpreted in accordance with and governed by the laws of the State of New York, without reference to its principles of conflicts of law.

			
	
			
				 (d)
			Counterparts.  This Acknowledgment and Release may be executed in one or more counterparts, each of which counterpart, when so executed and delivered, shall be deemed an original and all of which counterparts; taken together, shall constitute but one and the same agreement.

		 

		

			Page 8 of 10

		

		

			 

		

 

			
	
			
				 (e)
			Severability.  Any term or provision of this Acknowledgment and Release which is held to be invalid or unenforceable shall be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Acknowledgment and Release.

		
			IN WITNESS WHEREOF, the parties hereto have signed this Acknowledgment and Release and the Executive hereby declares that the terms of this Acknowledgement and Release have been completely read, are fully understood, and are voluntarily accepted after complete consideration of all facts and legal claims.
		

		
			EXECUTIVE
		

		
			_________________               By:________________________
		

		
			Date                        David J. Nasca
		

		
			EVANS BANK, N.A.
		

		
			_________________By: ________________________
		

		
			DateName: ________________________
		

		
			Title:________________________
		

		
			EVANS BANCORP, INC.
		

		
			_________________By: ________________________
		

		
			DateName: ________________________
		

		
			Title: ________________________
		

		
			﻿
		

		

		

		 

		

			Page 9 of 10

		

		

			 

		

 

		
		

		
			The foregoing amendments shall become effective on September 21,  2020 and continue in effect thereafter through the term of this Agreement, unless subsequently modified by the parties in writing.  All other provisions of the September 9, 2009  Employment Agreement not specifically addressed herein shall remain in full force and effect. 
		

		
			IN WITNESS WHEREOF, the Company and the Bank have each caused this Agreement to be executed by its duly authorized representative, and Executive has signed this Agreement, effective as of the date first above written.
		

		
			EVANS BANCORP, INC.
		

		
			By: /s/ Thomas H. Waring, Jr.
		

		
			Name: Thomas H. Waring, Jr.
		

		
			Title: Director
		

		
			Sworn to before me this __21___
day of September, 2020
		

		
			/s/____________________
		

		
			Notary Public
		

		
			EVANS BANK, N.A.
		

		
			By: /s/ Thomas H. Waring, Jr.
		

		
			Name: Thomas H. Waring, Jr.
		

		
			Title: Director
		

		
			Sworn to before me this __21___
day of September, 2020
		

		
			/s/____________________
		

		
			Notary Public
		

		
			EXECUTIVE
		

		
			By: /s/ David J. Nasca
		

		
			                        David J. Nasca 
		

		
			Sworn to before me this _15th____
day of September, 2020
		

		
			/s/_____________________
		

		
			Notary Public
		

		 

		

			Page 10 of 10

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00315-of-00352.parquet"}]]