Document:

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                                                                   EXHIBIT 10.16

                       DIRECTOR AND EMPLOYEE DEFERRAL PLAN

1.      PURPOSE

        This Director and Employee Deferral Plan (the "Plan") has been
        established pursuant to a resolution of the Board of Directors (the
        "Board") of Texaco Inc. dated March 28, 1997. The purpose of this Plan
        is to provide each director of Texaco Inc. and each active and retired
        employee of Texaco Inc. (the "Company") and any of its subsidiaries
        (hereinafter collectively referred to as the Affiliated Group") eligible
        to participate in this Plan the opportunity to request that the Company
        defer payment of cash amounts which may otherwise become payable to such
        director or employee, as described more fully below.

2.      COVERAGE

        This Plan is intended to apply to (A) those active and retired key
        employees of the Affiliated Group who have received or will receive base
        pay or one or more awards or other amounts under any of the following
        plans or practices of the Affiliated Group: Salary, the Incentive Bonus
        Plan (the "Bonus Plan"), the Stock Incentive Plan (the "Stock Incentive
        Plan"), certain non-qualified supplemental executive plans, or other
        designated rights to cash payments from the Company arising from
        employment by the Company as the Company shall permit, and (B) those
        members of the Company's Board of Directors ("Board") who have received
        or will receive annual retainers and fees (including any fees for
        serving on a committee of the Board). Such base pay, retainers, fees
        plans and rights are hereinafter referred to collectively as the
        "Plans," and such employees and directors are hereinafter referred to
        collectively as the "Participants".

3.      TIMING OF DEFERRAL REQUESTS

        A Participant may request the Company to defer all or any part of the
        payments which may become payable under the Plans for a term specified
        in Section 4 below, as follows:

        A.     Bonus Plan and Salary

               i.     Advance Deferral Request

                      A Participant may request the Company to defer payment of
                      future Bonus Plan awards and salary which may be made to
                      the Participant by so advising the Plan Administrator in
                      writing on the date selected by the Plan Administrator in
                      the calendar year preceding the year in which the salary
                      payments and Bonus Plan award would otherwise have become
                      due and payable ("Election Date").

               ii.    Subsequent Deferral Request

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                      A Participant may request the Company to further defer an
                      amount previously deferred under Section 3(A)(i) by so
                      advising the Plan Administrator in writing on or before
                      December 31 of the second calendar year preceding the
                      calendar year the prior deferral would otherwise have
                      become due and payable. Subsequent deferral requests shall
                      be subject to the forfeiture requirements in Section 6.

               iii.   Other Cash Payments

                      Any request by a Participant for the deferral of other
                      designated rights to cash payments arising from the
                      Participant's employment by the Company shall be governed
                      by rules similar to those set forth in this Section 3(A).

        B.     Stock Incentive Plan

               i.     Advance Deferral Request

                      A Participant may request the Company to defer payment of
                      any amount payable under the Stock Incentive Plan by so
                      advising the Plan Administrator in writing on the Election
                      Date in the calendar year immediately preceding the
                      calendar year in which the award would otherwise vest and
                      become payable. In addition, a Participant may request the
                      Company to defer payment of a dividend equivalent or a
                      restricted share dividend by so advising the Plan
                      Administrator in writing on or before December 31 of the
                      calendar year immediately preceding the calendar year in
                      which such amounts may become due and payable. A request
                      to defer under the provisions of this Section 3(B)(i) may
                      be made with respect to one or more types of payments
                      payable in one or more calendar years with respect to one
                      or more awards. A new Participant in the Plan may make
                      deferral elections as soon as practical after becoming
                      eligible under the Plan.

               ii.    Subsequent Deferral Requests

                      A Participant may request the Company to further defer a
                      dividend equivalent or a restricted share dividend by so
                      advising the Plan Administrator in writing on or before
                      December 31 of the second calendar year preceding the
                      calendar year the prior deferral of such amounts would
                      otherwise become due and payable. Subsequent Deferral
                      Requests shall be subject to the forfeiture requirements
                      in Section 6.

        C.     Directors Retainers and Fees

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               Any Director Participant may elect, in writing, on or before the
               last day of the month preceding each annual meeting of
               stockholders, on a form to be prescribed by the Plan
               Administrator, to defer the payment of all or any part of the
               cash portion of the annual retainer and fees earned during the
               period beginning immediately following the annual meeting of
               stockholders and ending on the date of the next succeeding annual
               meeting of stockholders. Such election to defer, once made, shall
               remain in effect until revoked by the Participant. Such
               revocation shall become effective for directors fees earned for
               the period beginning immediately following the annual meeting of
               stockholders after such revocation notice.

               Any individual who is a candidate for election to the Board may
               elect, in writing, prior to his election, on a form to be
               prescribed by the Plan Administrator, to defer the payment of
               directors fees earned during the period beginning with the date
               of his election, or ending on the date of the next succeeding
               annual meeting of stockholders.

4.      TERM OF DEFERRAL - ESTABLISHMENT OF ACCOUNTS

        There shall be established for each Participant a book reserve account
        which shall reflect the amounts deferred by the Participant (less any
        applicable withholding taxes), which would otherwise have been paid to
        such Participant had no election to defer been made, as well as any
        interest accrual pursuant to Section 5.

        A.     Employee Deferrals

               A deferral request made pursuant to the terms of Section 3 and
               approved by the Company shall defer the payment with respect to
               which the request was made for a period to be selected by the
               Participant pursuant to the Plan options at the time of the
               deferral request. Such period of deferral shall terminate either
               (i) with the Participant's retirement, or (ii) at the conclusion
               of a five or ten year period commencing on the date payment
               otherwise would have become due under the relevant incentive plan
               (whether or not such five or ten year period terminates before or
               after the Participant's actual retirement date). If the initial
               five or ten year period of deferral requested by a Participant
               terminates before the Participant's actual retirement date, the
               Participant may then request the Company in writing to further
               defer such payment as specified under Section 3(B)(ii)
               (Subsequent Deferral Requests) for an additional period of five
               or ten years or until the Participant's actual retirement,
               subject to the forfeiture provisions under Section 6. If the
               initial deferral term expires after retirement, the deferral will
               continue until the end of such term.

               Notwithstanding any provisions to the contrary in this Plan, the
               Company retains sole discretion to cancel the deferral and
               accelerate payout to one or more annual

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               payments upon the Participant's death, permanent and total
               disability, termination of employment, expiration of the final
               deferral term requested, or upon the determination by the Plan
               Administrator that the Participant has demonstrated a need for
               all or part of the amounts deferred by the Participant as a
               result of an immediate and unforeseen financial hardship.

        B.     Director Deferrals

               A deferral request made pursuant to Section 3 and approved by the
               Company shall defer the payment with respect to which the request
               was made until the Participant leaves the Board.

5.      EARNINGS ON DEFERRED AMOUNTS

        To the extent offered by the Company, a Participant may request that
        deferred and unpaid amounts be credited with earnings determined either
        (a) on a fixed rate of return based on Treasury Securities or (b) on an
        equity-based rate of return determined as described below. A Participant
        may elect between the fixed or the equity-based rate of return at the
        time the Participant makes his or her deferral election. Ability to move
        deferred amounts between the fixed and the equity-based rate of return
        is subject to the discretion of the Plan Administrator.

        A.     Fixed Rate of Return

               Interest shall be accrued and credited on unpaid amounts, to be
               compounded quarterly. Such interest shall also be made on a book
               reserve basis and shall accrue and be credited on unpaid amounts
               throughout the period of participation in this Plan, until all
               distributions to the Participant are made under the terms of this
               Plan. The interest rate shall be determined each calendar quarter
               and shall be the Ten-year Constant Maturity rate as published in
               the Federal Reserve Statistical Release, Report H.15 SELECTED
               INTEREST RATES, plus one percent.

               In the event that the Company determines in good faith that for
               any reason the Company cannot determine the Ten Year Constant
               Maturity Rate for any calendar quarter as provided above, then
               the Ten Year Constant Maturity Rate for such calendar quarter
               shall be determined by the Treasurer of the Company using such
               market information as the Treasurer deems appropriate.

        B.     Equity-Based Rate of Return

               Earnings shall be accrued and credited on unpaid amounts based on
               returns of selected Vanguard Funds as selected by the Company.
               The Participant may indicate to the Company which Vanguard
               Fund(s) of the Funds offered he or she wishes to track with
               respect to his or her deferred amounts. Selection of this option
               may result in loss of principal amount (i.e., the amount
               deferred). The

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               Participant may elect to change which Vanguard Fund he or she
               wishes to track as often as is allowed under Company-prescribed
               administrative rules.

               The Vanguard Fund options will be determined at the Company's
               sole discretion. If for any reason the Vanguard Fund option
               becomes unfeasible, the Company may, at its sole discretion,
               elect to introduce other fund options in lieu thereof or to
               terminate the equity-based rate of return altogether.

               The Company may at its sole discretion decide how and where to
               actually invest the Participant's deferred amounts,
               notwithstanding the fact the Company may have agreed to credit
               the Participant's deferred amounts with the financial experience
               of one or more of the Vanguard funds.

6.      PAYMENT OF DEFERRED AMOUNTS

        A.     If a deferral term expires prior to retirement, payment of
               deferred amounts will be made to a Participant in a lump sum on
               the first business day of the first full calendar year following
               the expiration of such term.

        B.     If a deferral term expires on or after retirement, payment of
               deferred amounts will be made to a Participant in approximately
               equal annual installments over a period not less than one-half of
               the Participant's life expectancy calculated as of the first
               annual installment. The installments shall commence either on the
               first business day of the first full calendar year following the
               expiration of such term, or, at the Company's sole discretion, as
               soon as practicable after the expiration of such term, with
               earnings as specified in Section 5, credited on unpaid amounts.
               Notwithstanding Section 6(C), if a deferral term expires on or
               after retirement, a Participant may request in writing, and the
               Company may at its sole discretion accept such request, to have
               the deferred amounts paid in a lump sum. Such request shall not
               be considered a request to which Section 6(C) applies.

        C.     A Participant may request in writing, and at its sole discretion
               the Company may accept such request, to accelerate payment of a
               deferred amount prior to the expiration of such deferral term,
               including any payout period. If such acceleration request is
               accepted by the Company, except in hardship cases as described in
               Section 4(A), ten percent of the total amount request to be
               accelerated shall be forfeited by the Participant, and the
               balance shall be paid in a lump sum payment to the Participant.

        D.     If a Participant should die prior to the date specified in the
               election under Section 4, payment of deferred amounts will
               commence on the first business day of the year immediately
               following the death or the conclusion of the five or ten year
               deferral term, payable over one-half the life expectancy of the
               Participant's beneficiary, or in a lump sum at the discretion of
               the Company. If a Participant

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               should die after distribution of the Account has begun, but
               before the distribution has been completed, the unpaid balance in
               the Account will continue to be paid to the Participant's
               designated beneficiary over one-half of the life expectancy of
               the Participant's beneficiary, or in a lump sum at the discretion
               of the Company.

        E.     Notwithstanding the foregoing, the Company may, in its sole
               discretion, accelerate the payment of all deferrals payable under
               this Plan in the event of death, disability or the Participant's
               termination of service with the Affiliated Group, except if such
               termination occurs within two years of a Change of Control.

7.      SUBSEQUENT DEFERRAL REQUESTS - FORFEITURE PROVISIONS

        A.     If the Company approves a Participant's Subsequent Deferral
               Request under Section 3, such approval shall be expressly
               conditioned upon the forfeiture of ten percent of the total
               amount of the Subsequent Deferral Request in the event the
               Participant engages in an activity described in Section 7(B). In
               the event of such forfeiture, the balance of the amount subject
               to a Subsequent Deferral Request, net of the forfeited amount,
               shall be paid in a lump sum to the Participant.

        B.     A Participant shall be considered to have engaged in an activity
               which may require forfeiture under this Plan as provided herein
               if he or she: (a) engages in or performs any services, whether on
               a full-time or part-time basis, or on a consulting or advisory
               basis for (i) any of the 100 largest oil and gas companies,
               ranked by assets, as determined by the annual Oil and Gas Journal
               listing of the largest oil and gas producing companies for the
               preceding year, (ii) any of the 100 leading non-U.S. oil and gas
               companies ranked by assets, as determined by the annual Oil & Gas
               Journal listing of the world's leading oil and gas producing
               companies for the preceding year, (iii) any of the following
               refining and marketing companies or their subsidiaries and
               affiliates: Ashland Inc., Citgo Petroleum Corp., Clark Oil
               Company, Crown Central Petroleum Corp., Diamond Shamrock Inc.,
               Koch Industries, Inc., MAPCO Inc., Marathon Oil Company, Sinclair
               Oil Corp., Sun Company, Inc., Tosco Corp., Ultramar Inc., and
               Valero Energy Corporation, (iv) any agency, instrumentality or
               corporation controlled or owned by a foreign government, which
               agency, instrumentality or corporation is primarily in the
               business of exploring for, producing, refining, marketing, or
               transporting oil and gas or the primary products thereof, or (iv)
               any organization, which alone or in concert with others, is
               subject to the reporting and disclosure requirements of the
               Securities Exchange Act of 1934, as amended, as a result of the
               acquisition of the Company's Common Stock; (b) transfers
               confidential business information concerning the Company of any
               type to a competitor for compensation; or (c) commits an act in
               the course of his or her employment with the Company for which he
               or she is convicted of intentionally and knowingly committing a
               crime against the Company under federal law or the law of the
               state in which such act occurred.

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        C.     The forfeiture provisions in this Section 7 shall become null and
               void on the date immediately preceding a Change of Control, as
               defined in the Company's Separation Pay Plan.

8.      DESIGNATION OF BENEFICIARIES

        In the event of the death of a Participant at a time when deferred
        amounts remain credited to the Participant's Account but unpaid, such
        amounts will be paid to the beneficiary designated to receive such
        deferred amounts on a form to be supplied by and filed with the Plan
        Administrator, if such named beneficiary survives the Participant. If no
        beneficiary designation has been filed with the Plan Administrator, or
        if the designated beneficiary does not survive the Participant, such
        deferral amounts shall pass under the terms of the Participant's last
        will and testament or under appropriate state intestate law if the
        Participant leaves no will.

9.      RIGHT TO AMEND, ALTER OR REVOKE

       A.  The Company reserves the right to amend, alter, modify or revoke in
           whole or in part the provision of this Plan at any time, provided,
           however, that with respect to amounts as to which the period of
           deferral has commenced at the time of the Company's exercise of its
           rights under this Section 9, no exercise of such rights shall result
           in a forfeiture of such deferred amounts, a change in the time of
           payment of amounts, a change in terms and conditions under which
           forfeiture of such deferred amounts may occur, or a change in the
           provisions of this agreement governing the crediting of interest on
           such deferred amounts without the consent of the Participant(s)
           affected by such exercise of rights, except as otherwise provided in
           this Plan.

       B.  The Plan Administrator, as designated by the Board or the
           Compensation Committee of the Board, shall be responsible for the
           general operation and administration of this Plan and thus shall have
           absolute and full power, discretion and authority to interpret,
           construe and administer the Plan, and to take any action thereunder.
           This shall include, without limitation, the power and discretion to
           interpret and construe the terms of this Plan, to resolve any
           ambiguities and omissions in the Plan, and to determine all questions
           arising in connection with administration, interpretation, and
           application of this Plan. The Plan Administrator's actions and
           determinations with respect to all issues and claims shall be final,
           conclusive and binding on all Participants having an interest in this
           Plan. Notwithstanding the above, after a Change of Control as defined
           in the Company's Separation Pay Plan such authority to interpret,
           construe and administer this Plan 1 may be the responsibility of a
           third party trustee, if so designated by the Company in connection
           with the establishment of a grantor trust to secure the benefits
           provided hereunder.

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10.     NO TRUST, LEGAL, OR BENEFICIAL OWNERSHIP INTENDED

        No trust agreement is to be deemed created for the benefit of any
        Participant, or the Participant's beneficiary, executors,
        administrators, heirs, assigns or legal representatives as a result of
        this Plan. Similarly, no legal or beneficial interest in any of the
        Company's assets is intended to be conferred by the terms of the Plan.

11.     PROHIBITION OF ALIENATION

        The right of the Participant or the Participant's designated beneficiary
        or any other person to the payment of amounts due under the Plan may not
        be assigned, transferred, pledged or encumbered except as otherwise
        provided in this Plan.

12.     INCAPACITY OF THE PARTICIPANT/BENEFICIARY

        If the Company shall find that any person to whom any amount is payable
        under this Plan has been judicially declared incompetent to carry on his
        or her own affairs or is a minor, distribution or payment of amounts due
        hereunder may be made to a duly appointed guardian, committee, or other
        legal representative in accordance with the applicable provisions of
        this Plan. Any such distribution or payment shall completely discharge
        any obligations or liabilities of the Company under this Plan with
        respect to such distribution or payment.

13.     BINDING EFFECT

        The Plan, except as otherwise provided herein, shall be binding upon and
        inure to the benefit of the Company the Board, its successors and
        assigns and the Participants and their heirs, executors, administrators,
        and legal representatives.

14.     SEVERABILITY

        If this Plan shall ever be determined to require the inclusion of all or
        part of any Participant's deferred amounts in the Participant's gross
        income for federal, state, or local income tax purposes prior to the
        time such amount would be required to be distributed or paid under the
        terms of this Plan, whether by taxing authorities of the United States
        or other sovereign nations or political subdivisions thereof, then only
        those amounts which would be treated as includable in gross income at
        such time will be paid over to the Participant or the Participant's
        designated beneficiary. All other amounts deferred at the time of such
        payment will continue to be subject to the terms of this Plan.

15.     AGREEMENT

        By requesting the Company to defer any payment hereunder, a Participant
        consents to the provisions of this Plan as they exist at the time of
        such request and as they may be

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        amended thereafter by the Board, subject to the consent of the
        Participant when required pursuant to Section 5.

16.     GOVERNING LAW

        This Plan shall be construed in accordance with and governed by the laws
        of the State of New York.

                                       9<PAGE>

          SECOND AMENDMENT TO REVOLVING CREDIT AGREEMENT        EXHIBIT 10.10

                         Dated as of September 15, 1995

This Amendment, dated as of December 4, 1998, is entered into between SECOND
BANCORP, INC., a corporation formed under the laws of the State of Ohio
("Borrower"), and THE NORTHERN TRUST COMPANY, an Illinois banking corporation
having its principal office at 50 South LaSalle Street, Chicago, Illinois 60675
("Lender").

                                    RECITALS:

        A.   Borrower and Lender have entered into a Revolving Credit Agreement
dated as of September 15, 1995 and a First Amendment thereto dated as of March
11, 1997 (said Revolving Credit Agreement, as so amended, shall hereinafter be
referred to as the "Agreement"; the terms defined in the Agreement and not
otherwise defined herein shall be used herein as defined in the Agreement).

        B.   Borrower and Lender wish to amend certain provisions of the
Agreement.

        C.   Therefore, the parties hereto agree as follows:

                        SECTION I AMENDMENTS TO AGREEMENT

SECTION 1.1 "AMOUNT OF COMMITMENT. Section1.1 of the Agreement is hereby amended
as of the date hereof by deleting the sum "TEN MILLION UNITED STATES DOLLARS
($10,000,000)" in the fourth line thereof and replacing such sum with "FIFTEEN
MILLION UNITED STATES DOLLARS ($15,000,000)."

SECTION 1.2 NOTE. Section 1.2 of the Agreement is hereby amended as of the date
hereof by deleting first sentence thereof and replacing such sentence with the
following:

 "The Loans shall be evidenced by a promissory note (the 'Note'), substantially
in the form of Exhibit A, with appropriate insertions, payable to the order of
Lender and in the principal amount of the Commitment".

Section 1.2 of the Agreement is further amended by deleting the date "September
15, 1998" in the eleventh and twelfth lines thereof and replacing such date with
"December 3, 1999. "

SECTION 1.3 INTEREST. Section 2.1(a)(i) of the Agreement is hereby amended as of
the date hereof by deleting the percentage " 1. 75 % " in the first line thereof
and replacing such percentage with " 1.375 %. "

SECTION 1.4 COMMITMENT FEE. Section 2.8 of the Agreement is hereby amended as of
the date hereof by deleting the percentage "one-quarter (1/4) of 1V in the first
and second lines thereof and replacing such percentage with "twenty (20) basis
points."

The parties hereto acknowledge and agree that no Commitment Fee shall be payable
for the period from and including September 15, 1998 to (but excluding) the date
hereof.

SECTION 1.5 FORM OF PROMISSORY NOTE. Exhibit A to the Agreement is hereby
amended as of the date hereof to be in the form set forth as Exhibit A hereto.

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                    SECTION 2 REPRESENTATIONS AND WARRANTIES

To induce Lender to enter into this Amendment, Borrower represents and warrants
to Lender that:

SECTION 2.1 AUTHORIZATION; NO CONFLICT. The execution and delivery of this
Amendment and the Replacement Note (as hereinafter defined), the borrowings
under the Agreement, as amended hereby, and the performance by Borrower of its
obligations under the Agreement, as amended hereby, and under the Replacement
Note: (a) are within Borrower's powers; (b) have been authorized by all
necessary corporate action; (c) have received any and all necessary governmental
approval; and (d) do not and will not contravene or conflict with any provision
of law or charter or by-laws of Borrower or any agreement affecting Borrower or
its property.

SECTION 2.2 VALIDITY AND BINDING EFFECT. The Agreement, as amended hereby, is,
and the Replacement Note when duly executed and delivered will be, a legal,
valid and binding obligation of Borrower, enforceable against Borrower in
accordance with its terms, except as enforceability may be limited by
bankruptcy, insolvency or other similar laws of general application affecting
the enforcement of creditors' rights or by general principles of equity limiting
the availability of equitable remedies.

                       SECTION 3 CONDITIONS TO AMENDMENTS

The amendments contemplated by Section 1 hereof are subject to the satisfaction
of each of the following conditions precedent:

SECTION 3.1 DOCUMENTATION. Lender shall have received all of the following
promptly upon the execution and delivery hereof, each duly executed and dated
the date hereof, in form and substance satisfactory to Lender and its counsel,
at the expense of Borrower, and in such number of signed counterparts as Lender
may request (except for the Replacement Note, of which only the original shall
be signed):

        (a) Replacement Note. A promissory note of Borrower (the "Replacement
        Note"), substantially in the form set forth as Exhibit A hereto.

Upon receipt of the Replacement Note, Lender will: (i) record the aggregate
unpaid principal amount of the Replacement Note dated March 11, 1997 (the "Prior
Note") of Borrower issued under the Agreement in its records or, at its option,
on any schedule attached to the Replacement Note as the aggregate unpaid
principal amount of the Replacement Note; and (ii) return the Prior Note to
Borrower upon Borrower's request. Thereafter, all references in the Agreement
and any and all instruments or documents provided for therein or delivered or to
be delivered thereunder or in connection therewith to the Prior Note shall be
deemed references to the Replacement Note.

        (b) Resolution, Certificate of Incumbency. A copy of a resolution of the
Board of Directors of Borrower authorizing or ratifying the execution and
delivery of this Amendment and the Replacement Note and the performance of the
Agreement, as amended hereby, and the Replacement Note, certified by an
appropriate officer of Borrower, together with a certificate of an appropriate
officer of Borrower, certifying the names of the officer(s) of Borrower
authorized to sign this Amendment, the Replacement Note and all other documents
or certificates to be delivered hereunder, together with a sample of the true
signatures of each such person (Lender may conclusively rely on such certificate
until formally advised by a like certificate of any changes therein).

        (c) Governing Documents. A certificate signed by an appropriate officer
of Borrower to the effect that there have been no amendments to the Articles of
Incorporation or the By-laws of Borrower since September 15, 1995 (or, if there
have been any such amendments, copies thereof, certified by an appropriate
officer of Borrower).

        (d) Certificate of No Default. A certificate signed by an appropriate
officer of Borrower to the effect that: (i) as at the date hereof, no Event of
Default or Unmatured Event of Default has occurred and is continuing; and (ii)
the representations and warranties of Borrower contained in the Agreement and
this Amendment are true and correct as at the date hereof as though made on that
date, except for such changes as are specifically permitted under the Agreement.

        (e) Opinion of Counsel to Borrower. An opinion of counsel to Borrower to
such effect as Lender may require.

        (f) Other. Such other documents and certificates as Lender may
reasonably request.

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SECTION 3.2 REPRESENTATIONS AND WARRANTIES TRUE; NO DEFAULT.

        (a) Representations and Warranties True.  At the date hereof, Borrower's
representations and warranties set forth in the Agreement and this Amendment
shall be true and correct as though made on such date, except for such changes
as are specifically permitted under the Agreement.

        (b) No Default. At the date hereof, no Event of Default or Unmatured
Event of Default under the Agreement shall have occurred and be continuing.

                             SECTION 4 MISCELLANEOUS

This Amendment, the Replacement Note and any other document or instrument
executed in connection herewith shall be governed by and construed in accordance
with the internal laws of the State of Illinois, and shall be deemed to have
been executed in the State of Illinois. Unless the context requires otherwise,
wherever used herein the singular shall include the plural and vice versa, and
the use of one gender shall also denote the other. Captions herein are for
convenience of reference only and shall not define or limit any of the terms or
provisions hereof. This Amendment shall be binding upon and inure to the benefit
of Borrower, Lender and their respective successors and assigns, except that
Borrower may not transfer or assign any of its rights or interest hereunder
without the prior written consent of Lender. Borrower agrees to pay upon demand
up to $2,000 of the expenses (including without limitation attorneys' fees and
legal costs and expenses) incurred or paid by Lender in connection with the
preparation of this Amendment, the Replacement Note and any other document or
instrument to be delivered in connection herewith. Except as amended hereby, the
Agreement shall remain in full force and effect and is hereby ratified and
confirmed in all respects. Each reference in the Agreement to "this Agreement,"
"hereunder," "hereof," or words of like import, and each reference to the
Agreement in any and all instruments or documents provided for in the Agreement
or delivered or to be delivered thereunder or in connection therewith, shall,
except where the context otherwise requires, be deemed a reference to the
Agreement as amended hereby.

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        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized as of the date
first written above.

                                            SECOND BANCORP, INC.

                                            By:  /s/    David L. Kellerman
                                                 -------------------------------

                                            Title:       Treasurer
                                                 -------------------------------

                                            THE NORTHERN TRUST COMPANY

                                            By:
                                                 -------------------------------

                                            Title
                                                  ------------------------------

                                       69

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