Document:

exv10w14

 

Exhibit 10.14

SECOND AMENDED AND RESTATED

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

OF YARDVILLE NATIONAL BANK

Purpose

     The purpose of the Yardville National Bank Supplemental Executive Retirement Plan is to
provide those officers of Yardville National Bank listed in Appendix A attached hereto with
supplemental retirement benefits in addition to those otherwise provided to employees of Yardville
National Bank.

     The Plan is an unfunded plan maintained for the purpose of providing deferred compensation for
selected officers of the Bank, each of whom is a member of a select group of management or highly
compensated employees for purpose of Title I of the Employee Retirement Income Security Act of
1974, as amended.

     Previously, the officers listed in Appendix A were participants in either the Yardville
National Bank Salary Continuation Plan or the Yardville National Bank Survivor Income Plan
(collectively the “Prior Plans”). In order to achieve administrative efficiency, Prior Plans were
combined in this restated Plan. This Second Amended and Restated Plan was adopted by the Board on
February 25, 2004. The Plan, as originally amended and restated was effective January 1, 2002.
The Second Amended and Restated Plan reflects various technical modifications approved by the Board

ARTICLE 1

Definitions

     For purposes hereof, unless otherwise clearly apparent from the context, the following phrases
and terms shall have the indicated meanings:

     1.1 “Accrued Benefit” shall mean a Participant’s Target Benefit, multiplied by a factor, no
greater than one, the numerator of which is his or her Years of Participation and the denominator
of which is the full number of years beginning on a Participant’s Eligibility Date and ending on
his or her Normal Retirement Date.

     1.2 “Actuarial Equivalent” shall mean an amount or a series of payments that, at a given point
in time, is determined to have the same or equivalent value, at that point in time, as another
given amount or another given series of payments, taking into consideration the time value of
money, mortality and such other actuarial factors as may be appropriate. The Actuarial Equivalent
of a benefit payable under this Plan shall be determined by reference to actuarial factors
consistent with Section 417(e) of the Internal Revenue Code of 1986, as amended.

     1.3 “Beneficiary” shall mean those persons designated by the Participant to receive benefits
under the Plan as described in Article 6 upon the death of the Participant.

     1.4 “Board” shall mean the Board of Directors of Yardville National Bank.

     1.5 “Cause” is defined in Section 6.3 of this Plan.

     1.6 “Change of Control” is defined in Article 10 of this Plan.

     1.7 “Committee” shall mean the administrative committee appointed to manage and administer
this Plan in accordance with the provisions of Article 13.

     1.8 “Company” shall mean Yardville National Bancorp, Inc.

     1.9 “Considered Compensation” shall mean the total of all payments (including salary, bonuses
and all other elements of cash compensation except as specifically provided otherwise herein) made
to a Participant on account of employment with the Company for services rendered, including any
amounts of salary that the Participant may from time to time elect to defer under the Company’s
401(k) Plan (or any similar successor plan or

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plans) or under any cafeteria plan (within the meaning of Section 125 of the Internal Revenue Code
of 1986, as amended) or any nonqualified deferred compensation plan from time to time maintained by
the Company, but excluding:

	 	(a)  	Income arising from any stock bonus, stock option, stock
appreciation rights or restricted stock plan;
	 
	 	(b)  	Contributions to and payments from any qualified or
nonqualified employee benefit plan of the Company (except as provided above);
and
	 
	 	(c)  	Cost of living differential, and automobile allowances.

     Considered Compensation in a particular period shall include salary payments actually received
in that period as well as any amounts of salary that would have been received in that period had
payment not been deferred through participation in the Company’s 401(k) Plan (or any similar
successor plan or plans) or in a cafeteria plan or nonqualified deferred compensation plan of the
Company.

     1.10 “Disability” shall mean a condition which qualifies for receipt of disability income
payments under the Disability Plan.

     1.11 “Disability Offset Amount” shall mean the sum of the following:

	 	(a)  	The annual amount of any disability income payments received by
a Participant or his or her family members under the Social Security Act; and
	 
	 	(b)  	The annual amount of disability income payments received by the
Participant under the Disability Plan.

     1.12 “Disability Plan” shall mean the long-term disability plan of the Company, if any, as now
or hereafter amended, including any similar successor plan.

     1.13 “Eligibility Date” shall mean the date the Participant began accruing benefits under the
Plan. This date shall be established from the Prior Plans for those individuals listed in Appendix
A as of the Effective Date, except as otherwise provided by the Board. For any other individuals,
this date will be established by the Board.

     1.14 “Final Average Earnings” shall mean the average of the highest annual Considered
Compensation received by a Participant during the three calendar years out of the current and
preceding five calendar years during which his considered Compensation was the highest. At any
point in time, Final Average Earnings shall be computed to the date of determination by taking into
account actual Considered Compensation during the current calendar year (with annualization) and
the five preceding calendar years.

     1.15 “Normal Retirement Age” shall mean attainment of age 65 or attainment of both age 60 and
20 years of service, or such other date as described in a Prior Plan or Appendix A.

     1.16 “Normal Retirement Date” shall mean the first day of the month following the month in
which a Participant attains his or her Normal Retirement Age.

     1.17 “Participant” shall mean an executive of the Company designated by the Board of Directors
of the Company and approved by the Committee who is a member of a select group of management or
highly compensated employees within the meaning of Section 201(2) of the Employee Retirement Income
Security Act of 1974, as amended.

     1.18 “Plan” shall mean this Supplemental Executive Retirement Plan of Yardville National Bank,
as amended and restated.

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     1.19 “Prior Plan” shall mean either the Yardville National Bank Salary Continuation Plan or
the Yardville National Bank Survivor Income Plan previously established by the Company for any
Participant listed on Appendix A as of the Effective Date.

     1.20 “Plan Year” shall mean the 12-consecutive-month period ending December 31 of each year.

     1.21 “Target Benefit” shall mean an amount equal to a stated percentage of a Participant’s
Final Average Earnings as described in Appendix A.

     1.22 “Trust” shall mean the Supplemental Executive Retirement Plan Trust Agreement of
Yardville National Bank.

     1.23 “Year of Participation” shall mean for a Participant the full year measured
from a Participant’s Eligibility Date and anniversaries thereafter.

     1.24

ARTICLE 2

Participation

     2.1 Participation. Upon nomination by the Board of Directors of the Company and
approval by the Committee, an executive of the Company shall become a Participant effective as of
the date specified in the nomination document.

ARTICLE 3

Retirement

     3.1 Normal Retirement Benefit. Except as provided in Section 6.2, upon retirement
from the Company at or after his or her Normal Retirement Date, a Participant shall be entitled to
receive an annual retirement benefit equal to his or her Target Benefit.

     3.2 Form and Time of Retirement Payments Pursuant to Articles 3 and 6.

	 	(a)  	Form of Payment. Benefits pursuant to Articles 3 and 6
shall be paid, at the Participant’s election, in the form of (i) monthly
installments for a period ending at the later of: (i) the Participant’s death
or (ii) one hundred eighty (180) months measured from the date on which
benefits commence hereunder; or (ii) a lump sum which is the Actuarial
Equivalent of the monthly benefits otherwise payable under the Plan. The
Participant’s election shall be made on a form designated by the Committee for
such purpose.
	 
	 	(b)  	Time of Payment. Installment payments shall be made in
equal amounts on a monthly basis commencing on the Normal Retirement Date or
the actual date of retirement if the Participant defers his retirement beyond
the Normal Retirement Date. A lump sum payment, if elected, shall be paid
within 90 days following the Participant’s termination of employment. Neither
installment payments nor a lump sum payment shall be adjusted on account of a
Participant’s deferral of retirement past his or her Normal Retirement Date,
except to the extent such adjustment results from changes in a Participant’s
Final Average Earnings. The Company may withhold from any payment any income
tax or other amounts as required by law.
	 
	 	(c)  	A Participant, while employed by the Bank, may change the form
in which his benefits shall be paid by filing a revised election indicating
such change at least one (1) calendar year prior to the date payments are to
commence. Such election shall be irrevocable beginning one (1) calendar year
prior to the date payments are to commence. Subject to Section 10.3, no
changes in the form of benefit payment shall be permitted following a
Participant’s termination of employment.

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ARTICLE 4

Disability

     4.1 Disability Benefit. If a Participant suffers a Disability while employed by the
Company prior to his or her Normal Retirement Date for which he or she receives disability income
payments under the Disability Plan, the Participant shall be entitled to receive a monthly
disability benefit under this Plan equal to 100% of the Participant’s Final Average Earnings, as of
the date which is the first day of the seventh month following an onset of the Disability, reduced
by the Disability Offset Amount.

     4.2 Form and Duration of Disability Payment. The annual disability benefit under
Section 4.1 shall be payable in equal monthly installments commencing on the date specified under
Section 4.1 and continuing until the earliest of the following dates:

	 	(a)  	The date the Participant returns to active employment with
either the Company or another employer;
	 
	 	(b)  	The date that disability income payments cease under the
Disability Plan; or
	 
	 	(c)  	The Participant’s Normal Retirement Date or date of death.

     4.3 Benefits on Cessation of Disability Payments. After a Participant’s disability
benefits cease pursuant to Section 4.2, the Participant shall be entitled to benefits under this
Plan determined as follows:

	 	(a)  	If the Participant’s disability benefits cease because the
Participant returns to active employment with the Company, or if they cease
pursuant to Section 4.2(b) and the Participant returns to active employment
with the Company within six (6) months following such cessation, then (i) the
Participant shall be credited with Years of Participation for the period during
which disability benefits were provided under this Plan; and (ii) the
Participant shall thereafter be entitled to receive such benefits, if any, as
are available under the other provisions of this Plan.
	 
	 	(b)  	If the Participant’s disability benefits cease because the
Participant returns to active employment with another employer, or if they
cease pursuant to Section 4.2(b) and the Participant does not return to active
employment with the Company within six (6) months following such cessation,
then (i) the Participant shall, for purposes of this Plan, be considered to
have terminated employment as of the date of onset of his or her Disability and
shall be credited with no further Years of Participation after that date; and
(ii) the Participant shall thereafter be entitled to receive such benefits, if
any, as are available under the other provisions of this Plan.
	 
	 	(c)  	If the Participant’s disability benefits cease because the
Participant reaches his or her Normal Retirement Date or dies, then (i) the
Participant shall be credited with Years of Participation for the period during
which disability benefits were provided under this Plan; and (ii) the
Participant shall be entitled to receive the benefit specified in Section 3.1,
as if he or she had retired on that date, or the Participant’s beneficiary
shall be entitled to receive any death benefit specified in Section 5.1 or 5.2,
as the case may be. Such benefit shall be computed as of the Participant’s
Normal Retirement Date or date of death, as the case may be, based on the
Participant’s Final Average Earnings as of the date of onset of the
Participant’s Disability, without reduction for disability benefits paid under
this Plan. Such benefit shall be paid at the time and in the form specified in
Section 3.2, 5.l or 5.2, as the case may be, except that, in the case of
payments pursuant to Section 3.2, if any Disability Offset Amounts continue to
be paid following the Participant’s Normal Retirement Date, the payments shall
be offset by such Amounts so long as they continue to be paid.

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     4.4 Disability After Normal Retirement Date. If a Participant suffers a Disability
after his or her Normal Retirement Date but prior to actual retirement, the Participant shall be
deemed to have retired as of the date of onset of the Disability and shall thereafter be entitled
to receive the benefit specified in Section 3.1. Such benefit shall be computed as of the
Participant’s deemed date of retirement. Such benefit shall be paid at the time and in the form
specified in Section 3.2, except that, if any Disability Offset Amounts are paid following the
Participant’s deemed retirement, the annuity payments shall be offset by such amounts so long as
they continue to be paid.

ARTICLE 5

Death Benefit

     5.1 Death Prior to Benefit Commencement. If a Participant dies before receiving any
benefits under Article 3 of this Plan, then, the Participant’s Beneficiary shall be entitled to
receive an annual benefit equal to 100% of the monthly retirement benefit that the Participant
would have been entitled to receive under Section 3.1 if the Participant had retired on his or her
Normal Retirement Date (without regard to the Participant’s actual age and years of service as of
such date) immediately prior to his or her death and such benefit had been paid pursuant to Section
3.2. Such benefits will be payable to the Beneficiary in accordance with the Participant’s
election under Section 3.2(a).

     5.2 Death After Benefit Commencement. If a Participant dies after commencing the
receipt of benefits under this Plan, then, the Participant’s Beneficiary will receive any remaining
payments which otherwise are due under Section 3.2(a).

     5.3 Lack of Beneficiary Designation. In the absence of any effective beneficiary
designation by the Participant, any amounts becoming due and payable upon the death of the
Participant shall be paid to his or her executor or administrator.

ARTICLE 6

Termination of Employment

     6.1 Termination Prior to Normal Retirement Date. Except as provided in Sections 6.2
and 10.2, a Participant who terminates employment with the Company prior to his or her Normal
Retirement Date for a reason other than death or Disability shall be entitled to receive an annual
benefit commencing on his or her Normal Retirement Date equal to his or her Accrued Benefit as of
the date of termination from employment.

     6.2 Termination With Cause. If the Company terminates a Participant’s employment with
cause, then, except as expressly provided in Section 10.2 below, the Participant shall not
thereafter be entitled to any benefits under this Plan.

     6.3 Definition of Cause. As used in this Article 6, the term “Cause” shall include,
without limitation, willful misconduct, fraud, violation of any federal or state law involving the
commission of a crime against the Company, commission of a felony, or commission of a gross
misdemeanor. The term “willful misconduct,” as used in this Section 6.3, shall mean any act or
failure to act which is done in bad faith with the intent to injure the Company’s business or
reputation.

     6.4 Vesting Requirements. A Participant’s nonforfeitable benefits under this Plan
shall be determined by reference to this Section 6.4. A Participant shall be 100% vested upon the
occurrence of any of the following events: (a) attainment of his or her Normal Retirement Age, (b)
the Participant’s Disability as provided in Article 4, (c) the Participant’s death as provided in
Article 5, and (d) a Change of Control as described in Article 10. Upon a Participant’s
termination of employment for any other reason, except as provided in Section 6.2, the
Participant’s vested benefit shall be equal to the Participant’s Accrued Benefit as of the date of
termination. If a Participant’s termination of employment is subject to Section 6.2, his or her
nonforfeitable percentage shall be zero.

ARTICLE 7

Company/Participant Liability

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     7.1 General Assets. Amounts payable to a Participant shall be paid exclusively from
the general assets of the Company. However, the Company has established the Trust to which the
Company may make contributions in order to provide for the payment of benefits under the Plan.
Notwithstanding the foregoing, Trust assets shall be treated as assets of the Company and shall
remain subject to the claims of the general creditors of the Company under the circumstances set
forth in the Trust.

     7.2 Company’s Liability. The Company’s liability for the payment of benefits shall be
defined only by this Plan.

     7.3 Limitation of Obligation. Except as expressly provided for in this Plan, the
Company shall have no obligation under this Plan to a Participant or his or her Beneficiary, if
any.

     7.4 Participant Cooperation. A Participant must at all times cooperate with the
Company and the Committee and furnish all information requested by the Company or the Committee in
order to facilitate the determination of benefits or the administration of this Plan. Such
cooperation shall include, without limitation, taking a physical or mental examination if so
requested by the Company or the Committee. If a Participant fails promptly to cooperate or furnish
requested information, the Committee, in its sole and absolute discretion, may withhold benefits
from the Participant.

     7.5 Unsecured General Creditor. A Participant and his or her Beneficiary, if any,
shall not have, by reason of this Plan, any legal or equitable rights, claims or interests in any
property or assets of the Company nor shall they be beneficiaries of, or have any legal or
equitable rights, claims or interest in the life insurance policies or annuities or the proceeds
there from owned, or which may be acquired, by the Company. Any and all of the Company’s assets
shall be, and remain, the general, unpledged, unrestricted assets of the Company. The Company’s
obligations under this Plan shall be merely those of an unfunded and unsecured promise of the
Company to pay money in the future.

ARTICLE 8

No Guarantee of Employment

     8.1 No Guarantee of Employment. Nothing in this Plan shall alter in any manner the
employment relationship with a Participant.

ARTICLE 9

Plan Amendment and Termination

     9.1 Amendment. The Company may amend this Plan at any time so long as the rights
required to be preserved on termination under Section 9.2 are not reduced. No amendment of this
Plan or waiver of any of the specific provisions of this Plan shall be valid unless made pursuant
to a duly executed written document.

     9.2 Termination. Subject to Article 10, the Company may terminate this Plan at any
time, for any reason, as follows:

	 	(a)  	Termination shall be by notice to the Committee, which shall
notify Participants of the termination. The effective date of the termination
shall not be earlier than the first day of the month in which notice is given.
	 
	 	(b)  	After the effective date of termination, no further executives
shall be selected for participation and no further benefits shall accrue for
existing Participants.
	 
	 	(c)  	In the event of termination, the retirement benefits of each
existing Participant shall be paid at the time and in the amount and form
specified under the terms of this Plan as in effect on the day before
termination, except that the Participants’ respective Accrued Benefits and
Vested Amounts shall be based on their Final Average Earnings, Years of Service
and Years of Participation as of the effective date of Plan termination.
Notwithstanding the foregoing, the Company shall be entitled to provide
retirement

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	 	   	benefits in any alternative form that is the Actuarial Equivalent of the
form in which the retirement benefits were payable under the provisions of
this Plan in effect before termination.
	 
	 	(d)  	Unless otherwise expressly provided at the time of termination
of the Plan, no Participant shall be entitled to any benefit under this Plan on
account of any Disability that commences following the effective date of Plan
termination.

ARTICLE 10

Change of Control

     10.1 Change of Control. For purposes of this Plan, the term “Change of Control”
means:

	 	(a)  	Merger: the Company merges into or consolidates with another
corporation, or merges another corporation into the Company and, as a result,
less than a majority of the combined voting power of the resulting corporation
immediately after the merger or consolidation is held by persons who were
stockholders of the Company immediately before the merger or consolidation;
	 
	 	(b)  	Acquisition of Significant Share Ownership: a report on
Schedule 13D or another form or schedule (other than Schedule 13G) is filed or
is required to be filed under Sections 13(d) or 14(d) of the Securities
Exchange Act of 1934, if the schedule discloses that the filing person or
persons acting in concert has or have become the beneficial owner(s) of 25% or
more of a class of the Company’s voting securities, but this clause (b) shall
not apply to beneficial ownership of Company voting shares held in a fiduciary
capacity by an entity of which the Company directly or indirectly beneficially
owns fifty percent (50%) or more of its outstanding voting securities;
	 
	 	(c)  	Change in Board Composition: during any period of two
consecutive years, individuals who constitute the Company’s or the Bank’s Board
of Directors at the beginning of the two-year period cease for any reason to
constitute at least a majority of the Company’s or the Bank’s Board of
Directors; provided, however, that for purposes of this clause (c), each
director who is first elected by the board (or first nominated by the board for
election by stockholders) by a vote of at least three-fourths (3/4) of the
directors who were directors at the beginning of the period shall be deemed to
have been a director at the beginning of the two-year period; or
	 
	 	(d)  	Sale of Assets: The Company sells to a third party all or
substantially all of its assets.

     10.2 Termination of Employment Following a Change of Control. If, during the
three-year period following a Change of Control, the employment of a Participant is involuntarily
terminated (other than for Cause) or if the Participant’s employment is constructively terminated
(as defined in Section 10.3), then the Participant shall be deemed to have retired as of his
termination date at or after his or her Normal Retirement Date (without regard to his actual age or
service as of such date) under the provisions of this Plan, and shall be entitled to receive a
retirement benefit in an annual amount equal to the Participant’s Target Benefit (with the Target
Benefit to be determined based on the Final Average Earnings of the Participant as of the date of
termination). Such retirement benefit shall be paid in accordance with the provisions of Section
3.2 of this Plan effective as of the first month following the Participant’s termination.
Notwithstanding anything in this Plan to the contrary, if, during the three-year period described
in the first sentence of this paragraph the Participant’s employment terminates (i) by reason of
his death or Disability, (ii) for Cause or (iii) if the Participant terminated employment on a
voluntary basis without grounds for constructive termination, then the Participant shall be limited
to the other compensation and benefits payable under Articles 4, 5 and 6 of this Plan. The special
rules applicable under this Section 10.2 shall expire following the third anniversary of the event
constituting a Change in Control.

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     10.3 Constructive Termination of Employment. A Participant’s employment shall be
deemed to be constructively terminated on or after the effective date of a Change in Control if
there occurs any one of the following:

	 	(a)  	The assignment to him of any duties inconsistent in any respect
with his position (including status, offices, titles and reporting
relationships), authority, duties or responsibilities immediately prior to the
Change in Control or any other action by the Company which results in a
diminution in any respect in such position, authority, duties or
responsibilities, excluding for this purpose an isolated, insubstantial and
inadvertent action not taken in bad faith and which is remedied by the Company
promptly after receipt of notice thereof given by the Participant
	 
	 	(b)  	A reduction by the Company in his annual base salary as in
effect immediately prior to the Change in Control;
	 
	 	(c)  	The Company’s requiring him to be based at any office or
location that is more than 35 miles from his office or location immediately
prior to the Change in Control;
	 
	 	(d)  	The failure by the Company, without his consent, to pay to him
any portion of his current compensation, or to pay to him any portion of an
installment of deferred compensation under any deferred compensation program of
the Company within seven (7) days of the date such compensation is due;
	 
	 	(e)  	The failure by the Company to continue in effect any
compensation plan in which he participates immediately prior to the Change in
Control which is material to his total compensation, unless an equitable
arrangement (embodied in an ongoing substitute or alternative plan is
substituted therefore, or the failure by the Company to continue the
Participant’s participation therein (or in such substitute or alternative plan)
on a basis not materially less favorable, both in terms of the amount of
benefits provided and the level of his participation relative to other
participants, as existed immediately prior to the Change in Control; or
	 
	 	(f)  	The failure by the Company to continue to provide him with
benefits substantially similar to those enjoyed by him under any of the
Company’s pension, life insurance, medical, health and accident, disability or
other welfare plans in which he was participating at the time of the Change in
Control.

     10.4 Special Distribution Rule. Notwithstanding anything in this Plan to the
contrary, a Participant who terminates employment in accordance with Section 10.2 may elect to
receive a lump sum payment which is the Actuarial Equivalent to the monthly benefit otherwise
payable pursuant to Section 3.2; provided, however, that such election must be made within ninety
(90) days following the Participant’s termination of employment during the three-year period
following a Change in Control.

ARTICLE 11

Other Benefits and Agreements

     11.1 Coordination with Other Benefits. The benefits under this Plan for a Participant
and his or her Beneficiary, if any, are in addition to any other benefits available under any other
plan or program for employees of the Company. This Plan shall supplement and shall not supersede,
modify or amend any other such plan or program.

ARTICLE 12

Restrictions on Alienation of Benefits

     12.1 Nonassignability. Neither a Participant nor any other person shall have any
right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber,
transfer, hypothecate or convey, in advance of

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actual receipt, the amounts, if any, payable hereunder, or any part thereof. No part of the
amounts payable hereunder shall, prior to actual payment, be subject to any claims of creditors
and, in particular, they shall not be subject to attachment, garnishment, seizure or sequestration
by any creditor for the payment of any debts, judgments, obligations, alimony or separate
maintenance owed by a Participant or his or her Beneficiary, if any.

ARTICLE 13

Administration of Plan

     13.1 Committee Administration. The general administration of this Plan, as well as
construction and interpretation hereof, shall be the responsibility of the Committee, the number of
members of which shall be designated from time to time by the Board and the members of which shall
be appointed from time to time by, and shall serve at the pleasure of, the Board.

     13.2 Committee Authority. The Committee shall have the exclusive right and authority:

	 	(a)  	To from time to time establish rules, forms and procedures for
the administration of this Plan;
	 
	 	(b)  	To interpret this Plan and to correct any defect, supply any
information and reconcile any inconsistency in such manner and to such extent
as the Committee, in its sole and absolute discretion, shall deem necessary or
advisable to carry out the purpose of this Plan; and
	 
	 	(c)  	To make all other determinations that the Committee, in its
sole and absolute discretion, shall deem necessary or advisable in connection
with the administration of this Plan, including, without limitation,
determination of (i) the benefit amounts to which a Participant is entitled
(and the appropriate Final Average Earnings, Disability Offset Amount, Years of
Participation to be used in determining such benefit amounts); (ii) whether
Cause existed for the termination of employment of a Participant; (iii) whether
a Participant’s employment has been constructively terminated (within the
meaning of Section 10.3) and (iv) whether benefits are to be withheld or
terminated pursuant to Section 7.4.

     Subject to the claims procedures set forth in Article 14, all rules, procedures,
interpretations and determinations made by the Committee in good faith shall be final, conclusive
and binding upon all persons having or claiming to have any right or interest under this Plan.

     13.3 Committee Indemnity. No member of the Committee shall be liable for any act or
omission of any other member of the Committee, nor for any act or omission on his or her own part,
excepting his or her own gross negligence. The Company shall indemnify and save harmless each
member of the Committee against any and all expenses and liabilities arising out of his or her
membership on the Committee, with the exception of expenses and liabilities arising out of his or
her own gross negligence.

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ARTICLE 14

Claims Procedures

     14.1 Presentation of Claim. Any Participant or the surviving Beneficiary, if any, of
a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”)
may deliver to the Committee a written claim for a determination with respect to the amounts
distributable to such Claimant from this Plan. If such a claim relates to the contents of a notice
received by the Claimant, the claim must be made within sixty (60) days after such notice was
received by the Claimant. The claim must state with particularity the determination desired by the
Claimant.

     14.2 Notification of Decision. The Committee shall consider a Claimant’s claim within
a reasonable time and shall notify the Claimant in writing:

	 	(a)  	that the Claimant’s requested determination has been made, and
that the claim has been allowed in full; or
	 
	 	(b)  	that the Committee has reached a conclusion contrary, in whole
or in part, to the Claimant’s requested determination, and such notice must set
forth in a manner calculated to be understood by the Claimant;

	 	(i)  	the specific reason(s) for the denial of the
claim, or any part of it;
	 
	 	(ii)  	specific reference(s) to pertinent provisions
of this Plan upon which such denial was based;
	 
	 	(iii)  	a description of any additional material or
information necessary for the Claimant to perfect the claim, and an
explanation of why such material or information is necessary; and
	 
	 	(iv)  	an explanation of the claim review procedure
set forth in Section 14.3.

     14.3 Review of Denied Claim. Within sixty (60) days after receiving a notice from the
Committee that a claim has been denied, in whole or in part, a Claimant (or the Claimant’s duly
authorized representative) may file with the Committee a written request for a review of the denial
of the claim. Thereafter, but not later than thirty (30) days after filing of the written request
for review, the Claimant (or the Claimant’s duly authorized representative):

	 	(a)  	may review pertinent documents;
	 
	 	(b)  	may submit written comments or other documents; and/or
	 
	 	(c)  	may request a hearing, which request the Committee, in its sole
and absolute discretion, may grant.

     14.4 Decision on Review. The Committee shall render its decision on review promptly,
and not later than sixty (60) days after the filing of a written request for review of the denial,
unless a hearing is held or other special circumstances require additional time, in which case the
Committee’s decision must be rendered within one hundred twenty (120) days after such date. Such
decision must be written in a manner calculated to be understood by the Claimant, and it must
contain:

	 	(a)  	specific reasons for the decision;
	 
	 	(b)  	reference to the specific Plan provisions on which the decision
is based; and
	 
	 	(c)  	such other matters as the Committee deems relevant.

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     Any decision on review made by the Committee in good faith shall be final, conclusive and
binding upon the Claimant, unless the decision is determined to have been arbitrary and capricious.

ARTICLE 15

Grantor Trust

     15.1 Funding of Trust. The Company may from time to time transfer to the trustee of
the Trust such assets as the Committee determines, in its sole and absolute discretion, should be
transferred thereto.

     15.2 Interrelationship of the Plan and the Trust. The provisions of this Plan shall
govern the rights of a Participant and his or her Beneficiary to distributions pursuant to this
Plan. The provisions of the Trust shall govern the rights of the Company, Participants and their
Beneficiaries and the creditors of the Company to the assets, if any, transferred to the Trust.
The Company shall at all times remain liable to carry out its obligations under this Plan. The
Company’s obligations under the Plan may be satisfied with Trust assets distributed pursuant to the
terms of the Trust.

ARTICLE 16

Miscellaneous

     16.1 Notice. Any notice required or permitted to be given under this Plan by a
Participant or a Claimant shall be in writing and shall be hand delivered against receipt, or
mailed via registered or certified mail return receipt requested, to:

Board of Directors

Yardville National Bank

2465 Kuser Road

Hamilton, NJ 08690

     Any notice to a Participant or his or her Beneficiary, if any, required or permitted to be
given under this Plan by the Committee or the Board shall be in writing and shall be hand delivered
to the Participant or Beneficiary, or mailed via registered or certified mail, return receipt
requested, to the last known address for the Participant or Beneficiary as shown on the records of
the Company.

     16.2 Successors. This Plan shall be binding upon the Company and its successors and
assigns, and upon a Participant, the Participant’s Beneficiary, if any, and their permitted
assigns, heirs, executors and administrators.

     16.3 Governing Law. This Plan shall be governed by and construed under the laws of
the State of New Jersey to the extent such laws are not superseded by federal law.

     16.4 Pronouns. Masculine pronouns wherever used shall include feminine pronouns and
the singular shall include the plural.

     16.5 Headings. The headings of the articles, sections and paragraphs of this Plan are
for convenience only and shall not control or affect the meaning or construction of any of its
provisions.

     16.6 Validity. In the event any provision of this Plan shall be illegal or invalid
for any reason, the illegality or invalidity of that provision shall not affect the remaining
provisions hereof, but this Plan shall be construed and enforced as if such illegal and invalid
provision had never been inserted herein.

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     16.7 Incapacity of Recipient. If any person entitled to a benefit under the Plan is
deemed by the Company to be incapable of personally receiving and giving a valid receipt for such
payment, then, unless and until claim therefore shall have been made by a duly appointed guardian
or other legal representative of such person, the Company may provide for such benefit or any part
thereof to be made to any other person or institution then contributing toward or providing for the
care and maintenance of such person. Any such payment shall be a payment for the account of such
person and a complete discharge of any liability of the Company and the Plan therefore.

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APPENDIX A

     The Company has designated the following persons as Participants in its Supplemental Executive
Retirement Plan as of the Effective Date with (i) Years of Participation measured from the
Eligibility Date and (ii) the Target Benefit equal to the percentage of Final Average Earnings as
noted below

	 	 	 	 	 
	1. Jay G. Destribats

	 	Eligibility Date:
	 	December 31, 1994
	

	 	Target Benefit:
	 	60% of Final Average Earnings
	

	 	Normal Retirement Age:
	 	70 
	 
	 	 	 	 
	2. Patrick M. Ryan

	 	Eligibility Date:
	 	October 28, 1994
	

	 	Target Benefit:
	 	60% of Final Average Earnings
	

	 	Normal Retirement Age:
	 	65 
	 
	 	 	 	 
	3. Stephen F. Carman

	 	Eligibility Date:
	 	January 22, 1996
	

	 	Target Benefit:
	 	40% of Final Average Earnings
	

	 	Normal Retirement Age:
	 	60 
	 
	 	 	 	 
	4. Timothy J. Losch

	 	Eligibility Date:
	 	January 1, 1998
	

	 	Target Benefit:
	 	40% of Final Average Earnings
	

	 	Normal Retirement Age:
	 	65 
	 
	 	 	 	 
	5. Stephen R. Walker

	 	Eligibility Date:
	 	December 22, 2004
	

	 	Target Benefit:
	 	20% of Final Average Earnings
	

	 	Normal Retirement Age:
	 	65 

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EXHIBIT 10.21

     L
E A S E   A G R E E M E N T

     This AGREEMENT, made this  day of  1998, between CRESTWOOD CONSTRUCTION, LLC,
hereinafter designated as the Landlord, and YARDVILLE NATIONAL BANK, hereinafter designated as the
Tenant.

     For and in consideration of the covenants herein contained, and upon the terms and conditions
herein set forth, Landlord and Tenant agree as follows:

     1. PREMISES. The Landlord does hereby lease to the Tenant and the Tenant does hereby rent from
the Landlord, the following described premises, hereinafter referred to as “leased premises” or
“premises”: Bank/office building at the corner of Yardville-Hamilton Sq. and Kuser Roads in
Hamilton Square, New Jersey and is to be constructed by the Landlord on Block 2575, Lot 184 in
Hamilton Township, Mercer County, New Jersey. The subject property is shown on the Hamilton
Township Tax Map as Block 2575, Lot 184. Said building shall be approximately 100 feet by 150 feet
totaling approximately 45,000 square feet, as measured from outside exterior walls together with
parking all as set forth on the approved site plan dated December 11, 1997 referred to as Exhibit
A.

     2. TERM. The term of this lease shall be fourteen (14) years. The term of this lease and
Tenant’s obligation to pay rent shall commence 60 days after substantial completion or upon
occupancy by Tenant whichever is earlier. Substantial completion shall be deemed to have occurred
upon the issuance of a Certificate of Occupancy for any and all of Landlord’s work so as to allow
the Tenant or the Tenant’s contractor to commence interior finishes. It is estimated that
construction will be completed 18 months after the approval and execution of all plans by local
governmental authorities and the issuance of permits and Landlord agrees to expeditiously pursue
such execution of plans and permits to proceed with construction. If construction has not commenced
by June 1, 1998, or if construction is not completed eighteen months following execution of plans
and issuance of permits, Tenant shall have the right to cancel this Lease by giving Landlord
written notice of intent to cancel if construction is not commenced within 30 days of the date of
the Notice. Notice by Landlord to the Tenant of substantial completion of Landlord’s work on the
leased premises as set forth above, punch list items, and work contingent upon completion of
Tenant’s own work excepted, shall constitute delivery hereunder. If Tenant fails to renew the Lease
as provided in Paragraph #52, then and in that event, the Tenant shall pay to the Landlord, on a
monthly basis for up to one year following termination of this Lease, a sum equal to the monthly
rent Tenant would have been required to pay during the first year of the renewal period. This
obligation shall terminate if Landlord replaces Tenant with another Tenant during that one year
period.

     3. BASIC RENT. The Tenant shall pay to the Landlord, as basic rent for and during the term as
follows: Upon completion and delivery as set forth above and upon mutual determination of square
footage between Landlord’s architect and Tenant’s architect for each use, rent shall be calculated
as follows to determine the initial annual basis:

Branch Bank Facility $22.00 per sq. foot

General Office Space $15.00 per sq. foot

Storage Space   $ 8.00 per sq. foot

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     Once the first year’s rent is determined as aforesaid, that amount shall constitute the base
annual rent payable as set forth below. (If delivery occurs on a day other than the first day of a
month the Tenant shall pay a proportionate rent for such partial month.) The base annual rent shall
be adjusted once every five years by increasing it, if necessary, to equal the average increase in
the Consumer Price Index for the New York area for the prior five years, provided, however, the
increase shall not exceed 3% for any adjustment period.

     All rent is due and payable in advance on the first day of each and every month during the
term of the lease. Tenant shall pay basic rent, and any additional rent as hereinafter provided, to
Landlord at Landlord’s above stated address, or at such other place as Landlord may designate in
writing, without demand, counterclaim, deduction or setoff.

     4. USE. Tenant shall use and occupy the leased premises only for lawful purposes permitted by
local ordinance and for no other purpose.

     5. CARE. The Tenant shall take good care of the premises and shall at the Tenant’s own cost
and expense, make all repairs, including painting and decorating, and shall maintain the premises
in good condition and state of repair. The Tenant shall neither encumber nor obstruct the
sidewalks, parking areas and entrances, but shall keep and maintain the same in a clean condition,
free from debris, refuse, snow and ice. Notwithstanding the above, Landlord shall be responsible
for the following:

     1. Maintain the roof and exterior walls in good condition;

     2. Make all structural repairs unless the repairs are made necessary by the act or neglect of
the Tenant; and

     3. Make necessary replacements of the plumbing, cooling, heating, electrical and sewer
systems, except when made necessary by the act or neglect of the Tenant.

     6. SURRENDER. On the last day, or earlier permitted termination of the lease term, Tenant
shall quit and surrender the leased premises in good order and condition, ordinary wear and tear
excepted. Prior to the expiration of the lease term, the Tenant shall remove all of its personal
property, trade fixtures and equipment from the premises, and shall repair any damage caused by
such removal. Any property of the Tenant remaining on the premises after the last day of the term
of this lease or after the earlier permitted termination of the lease term shall be conclusively
deemed abandoned and may be removed or disposed of by Landlord. Tenant shall reimburse Landlord for
the cost of such removal. Notwithstanding the above, this paragraph does not require Tenant to
restore the leased premises to its original condition.

     7. COMPLIANCE WITH LAWS. The Tenant shall comply with all laws, regulations, requirements and
directives of the federal, state, county and municipal authorities applicable to the business to be
conducted by the Tenant in the leased premises. Landlord has obtained site plan approval for the
operation of a bank/office building on the premises and agrees to comply with any conditions
contained in said approval. Prior to the commencement of opening for business, the Tenant shall, at
its expense, obtain from the municipality (if required) a Tenant’s C of O or use permit. The Tenant
shall promptly comply with all requests, orders, regulations and directives of the Board of Fire
Underwriters or insurance companies covering the leased premises for the prevention of fire or
other casualty at Tenant’s own cost and expense after commencement of the Lease. Tenant represents
that it shall not violate any rules or regulations of the occupational safety and health
administration. The Tenant shall conduct its business in such a manner, both as regards noise and
other nuisances, as will not interfere with, annoy, or disturb any other Tenant in the conduct of
its business or the Landlord in the management of the shopping center (as shown on the proposed
site plan attached hereto as Exhibit “B”). Landlord will likewise use its best efforts to make sure
that no other Tenant will interfere with, annoy or disturb the Tenant under this Lease Agreement.

     8. ASSIGNMENT. The Tenant shall not assign, mortgage or encumber this lease, nor sublet or
sublease the premises or any part thereof, without the prior written consent of the Landlord, which
consent shall not be unreasonably withheld or delayed. If Tenant is being released from the Lease
Agreement, then Landlord may require posting of a security deposit or any other reasonable security
as a condition of approving any assignment. This lease shall be binding upon Tenant and any
acquirer or successor of Tenant. Notwithstanding the above, Tenant does not need Landlord’s consent
or approval for the sale of Tenant’s stock.

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     9. NOTICES. All notices required under the terms of this lease shall be given and shall be
complete by mailing such notices by certified or registered mail, return receipt requested, to the
address of the parties as shown at the head of this lease, or to such other address as may be
designated in writing, which notice of change of address shall be given in the same manner. All
notices to Tenant may be mailed to the leased premises once Tenant has occupied the premises. The
parties may designate counsel to whom copies of notices shall be sent and may, by consent, agree to
alternative methods of delivery of notices.

     10. SEVERABILITY. The terms, conditions, covenants and provisions of this lease shall be
deemed to be severable. If any clause or provision herein contained shall be adjudged to be invalid
or unenforceable, it shall not affect the validity of any other clause or provision herein, but
such other clauses or provisions shall remain in full force and effect.

     11. INSPECTION. The Tenant agrees that the Landlord and the Landlord’s agents, shall have the
right to enter into and upon the said premises or any part thereof, during regular business hours,
upon reasonable notice to Tenant, while accompanied by a representative of Tenant, for the purpose
of examining the same or making such repairs or alterations therein as may be necessary for the
safety and preservation thereof. The clause shall not be deemed to be a covenant by the Landlord
nor be construed to create an obligation on the part of the Landlord to make such inspection or
repairs. Landlord recognizes that the nature of Tenant’s business may require security so as to
deny Landlord access to portions of the premises except in emergency situations under controls
acceptable to Tenant.

     12. NET RENT. (The phrase “Tenant’s proportionate share” shall apply only if Landlord receives
a single bill for any such items which bill covers land buildings or operations of other Tenants
otherwise Tenant’s share shall be one hundred percent (100%).) Tenant agrees to pay as additional
rent, promptly and without demand, its proportionate share of all real estate taxes, common area
expenses and insurance affecting the real estate (land and building) of which the leased premises
form a part. It is the intention of the parties that this shall be a triple net lease. The Landlord
and Tenant agree that the proportionate share of the above taxes, common area expenses and
insurance to be paid by the Tenant, under the terms of this paragraph, shall be computed on the
basis that the total area of the leased premises bears to the total area of the entire premises.
Landlord and Tenant further agree that Tenant shall pay its proportionate share of the above common
area expenses and insurance monthly by paying one-twelfth the estimated amount with each basic
monthly rent installment in a manner similar to the escrow system used by banks in connection with
residential mortgages. Annually Landlord, upon submission of the tax, common area expense and
insurance bills, shall compute any differences from the estimated monthly payments, notify Tenant
of same, and the adjustment of the difference shall be made with the next due installment of the
basic monthly rent. Photocopies of the tax bill, common area expense bills and insurance bills,
submitted by the Landlord to the Tenant, shall be sufficient evidence of the amount of taxes,
common area expenses and insurance. So long as Tenant is responsible for one hundred percent of
such expenses Tenant may make arrangements to pay those expenses when due provided Landlord agrees
and Tenant provides adequate proof of timely payment of such expenses.

     If at any time during the term of this Lease the methods of taxation prevailing at the
commencement of the term hereof shall be altered, so that in lieu of or as a supplement to or a
substitute for the whole or any part of the real estate taxes now assessed or charged there is an
alternate assessment or charge or tax, then such alternate assessment or charge or tax shall be
deemed to be included in the real estate taxes payable by the Tenant pursuant to this paragraph and
the Tenant shall pay and discharge the same as herein provided in respect to the payment of real
estate taxes. The common area expenses herein referred to are the Landlord’s costs of operating,
maintaining, replacing and repairing the common areas of the premises (land) of which the leased
premises form a part. Such expenses to include, but not limited to, lighting, cleaning, snow
removal, policing, landscaping, repairing and patching of the common roadways. The insurance herein
is the rental, fire and liability coverage under a policy issued by a commercial insurer licensed
to provide insurance in New Jersey. (Any reference to common areas shall apply only if other
tenants are sharing use of the demised premises with Tenant.

     The Landlord and Tenant shall delineate on the attached site plan (Exhibit “B”) those areas
which shall be considered “common areas” for the purpose of this Lease Agreement. Landlord also
agrees that Tenant may pay its portion of the tax bill to Landlord within ten (10) days notice from
Landlord of the amount of the bill. Tenant shall pay all of the tax for improvements (so long as it
is the only building on the taxed property) and its proportionate share of the land until such time
as the Tenant’s portion of the property is subdivided out. Landlord agrees that it will

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use its best efforts to subdivide out Tenant’s portion of the property and, if successful, further
agrees that upon completion of the subdivision and the issuance of a separate tax bill to Tenant’s
property, Tenant may pay said bill directly to the Township of Hamilton and provide proof of said
payment to Landlord within ten (20) days of said payment. Tenant reserves the right to audit any
common area expenses and all expenses should be reasonable and customary.

     13. QUIET ENJOYMENT. The Landlord represents that the Landlord is the owner of the premises
herein leased and has the right and authority to enter into, execute and deliver this lease; and
does further covenant that the Tenant on paying the rent and performing the conditions and
covenants herein contained, shall and may peaceably and quietly have, hold and enjoy the leased
premises for the term aforementioned.

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     14. MORTGAGE PRIORITY. This lease shall not be a lien against the said premises in respect to
any mortgages that may hereafter be placed upon said premises. The recording of such mortgage shall
have preference and precedence and be superior and prior in lien to this lease, irrespective of the
date of recording. The Tenant agrees to execute any instruments, without cost, which may be deemed
necessary or desirable, to effect the subordination of this lease to any such mortgage provided
said mortgagee executes a subordination, nondisturbance and attornment agreement in a form
satisfactory to Tenant. A refusal by the Tenant to execute such instruments shall entitle the
Landlord to cancel this lease. The term hereof is expressly limited accordingly.

     15. SIGNS. The Tenant shall not place nor allow to be placed any signs of any kind whatsoever,
upon, in or about the leased premises without the prior written consent of the Landlord which
consent shall not be unreasonably withheld. Tenant agrees, if required by Landlord, to attach at
Tenant’s own cost and expense an illuminated sign onto a free standing sign that may be erected by
Landlord. Tenant further agrees to erect at Tenant’s own cost and expense an illuminated sign on
the exterior of the leased premises. All signs herein erected shall be approved, before erection,
by the Landlord in writing as to size, location. Any signs permitted by the Landlord shall at all
times conform with all municipal ordinances or other laws and regulations applicable thereto.
Notwithstanding the above, any signs that the Landlord requires the Tenant to erect herein shall be
limited to a cost of $2,500.00 to the Tenant.

     16. PARKING. Shall be available as shown on the approved Site Plan—Exhibit A. The parking
areas shown on Exhibit A shall be for the exclusive use of the Bank and its customers.

     17. UTILITIES. The Tenant shall pay when due all the rents or charges for water or other
utilities exclusively used by the Tenant, which are or may be assessed or imposed upon the leased
premises, and if not paid, such rents or charges shall be added to and become payable as additional
rent with the installment of rent next due. Tenant to pay for all utilities. Landlord shall not be
responsible for the interruption in service of any utility. Notwithstanding the above, if the
utility services are interrupted due to no fault of the Tenant but due to the fault of the Landlord
for a period of more than ten (10) days, then Tenant will be entitled to an abatement of rent until
such time as the utilities are returned to service. Tenant and Landlord agrees to use its best
efforts to have the utilities returned to service as soon as possible. In the event the utility or
utilities are not restored for a period of six months, then Tenant shall have the right to cancel
this Lease Agreement unless non-restoration results from Tenant’s fault.

     18. LANDLORD’S EXCULPATION. The Landlord shall not be liable for any damage or injury which
may be sustained by the Tenant or any other person, as a consequence of the failure, breakage,
leakage or obstruction of the water, plumbing, steam, sewer, waste or soil pipes, roof, drains,
leaders, gutters, valleys, downspouts or the like or of the electrical, gas, power, refrigeration,
sprinkler, air-conditioning or heating systems; or by reason of the elements; or resulting from the
carelessness, negligence or improper conduct on the part of any other Tenant or of the Landlord or
this or any other Tenant’s agents, employees, guests, licensees, invitees, subtenants, assignees or
successors; or attributable to any interference with, interruption of or failure, beyond the
control of the landlord, of any services to be furnished or supplied by the Landlord.
Notwithstanding the, above, Landlord shall not be exculpated from (1) any gross negligence or
willful and wanton acts of the Landlord, (2) any of the remedies provided to tenant under Paragraph
17 herein, and (3) any of the warranties provided to Tenant under Paragraph 54 herein.

     19. LIABILITY INSURANCE. Tenant shall keep in force at its own expense, so long as this Lease
remains in effect, public liability insurance in companies acceptable to the Landlord with respect
to the premises, in form satisfactory to Landlord covering both Landlord and Tenant with minimum
limits of $1,000,000 per person and $2,000,000 per accident and in which the property damage
liability shall be not less than $100,000. Tenant will deposit the policy of such insurance or
certificates thereof with Landlord within 15 days of occupying said premises. Tenant shall also
maintain at Tenant’s expense to “all risk” property insurance, business/rent interruption insurance
and commercial general liability insurance naming Landlord as an additional insured.

     20. PLATE GLASS. Tenant shall be obligated to maintain, repair and replace all plate and other
glass in the leased premises.

     21. NON-PERFORMANCE BY LANDLORD. This lease and the obligation of the Tenant to pay the rent
hereunder and to comply with the covenants and conditions hereof, shall not be affected, curtailed,
impaired or excused because of the Landlord’s inability to supply any service, by reason of any
rule, order regulation or

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preemption by any governmental entity, authority, department, agency or subdivision or for any
delay which may arise by reason of negotiations for the adjustment of any fire or other casualty
loss or because of strikes or other labor trouble or, for any cause beyond the control of the
Landlord. This paragraph does not apply to Tenant’s remedies following any interruption of utility
services provided in Paragraph 17 and Tenant’s remedies for Landlord’s failure to make construction
deadlines set forth in Paragraph 2.

     22. REIMBURSEMENT OF LANDLORD. If the Tenant shall fail or refuse to comply with or perform
any conditions and covenants of the within lease, the Landlord may, if the Landlord so elects,
carry out and perform such conditions and covenants, at the cost and expense of the Tenant, and the
said cost and expense shall be payable on demand, or at the option of the Landlord, shall be added
to the installment of rent due immediately thereafter, but in no case later than one month after
such demand. This remedy shall be in addition to such other remedies as the Landlord may have
hereunder by reason of the breach by the Tenant. Landlord’s rights hereunder shall apply only after
giving Tenant reasonable notice to cure the covenant or condition alleged to have not been complied
with. Likewise, if the Landlord shall fail or refuse to comply or perform any conditions and
covenants of the within Lease, the Tenant may, if the Tenant so elects, carry out and perform such
conditions and covenants, at the cost and expense of the Landlord and the said cost and expense
shall be deducted from any future rent payable to the Landlord. This remedy shall be in addition to
such other remedies as the Tenant may have hereunder by reason of the breach of the Landlord.
Tenant’s rights hereunder shall apply only after giving Landlord reasonable notice to cure the
covenant or condition alleged to have not been complied with.

     23. CONDEMNATION. In the event that the premises shall be taken for public use by the city,
state, federal government, public authority or other corporation having the power of eminent
domain, then this Lease shall terminate as of the date on which possession thereof shall be taken
for such public use, or, at the option of the Tenant, as of the date on which the premises shall
become unsuitable for Tenant’s regular business by reason of such taking; provided, however, that
if only a part of the leased premises shall be so taken, such termination shall be at the option of
Tenant only. If such a taking of only a part of the leased premises occurs, and Tenant elects not
to terminate the Lease, there shall be a proportionate reduction of the Basic Rent and Additional
Rent to be paid under this Lease from and after the date such possession is taken for public use.
Tenant shall have the right to participate, directly or indirectly, in any award for such public
taking to the extent that it may have suffered compensable damage as a Tenant on account of such
publictaking.

     24. ALTERATION. No alterations, installations, additions, or improvements shall be made,
installed or attached to the leased premises, without the written consent of the Landlord which
consent shall not be unreasonably withheld. Unless otherwise provided herein, all such alterations,
additions or improvements and installations, when made, permanently installed or attached to the
said premises, shall belong to and become the property of the Landlord and shall be surrendered
with the premises and as part thereof upon the expiration or termination of this Lease.
Notwithstanding the above, Tenant is permitted to make any nonstructural improvement inside the
building without the Landlord’s consent.

     25. FIXTURES. It is agreed that the Tenant shall have the right to install whatever trade
equipment, fixtures and inventory as may be deemed necessary by the Tenant for the conduct of the
business for which the premises have been leased, subject to compliance with applicable rules and
regulations of governmental boards having jurisdiction thereof. Any trade equipment, fixtures or
inventory of the Tenant, not removed by the Tenant upon the termination of this Lease, or upon any
quitting, vacating or abandonment of the premises by the Tenant, or upon the Tenant’s eviction,
shall be considered as abandoned and the Landlord shall have the right, without notice to the
Tenant, to sell or otherwise dispose of the same and shall not be accountable to the Tenant for any
part of the proceeds of such sale, if any.

     26. FIRE OR OTHER CASUALTY. In case of fire or other casualty, the Tenant shall give immediate
notice to the Landlord. If the premises shall be partially damaged by fire, the elements or other
casualty, the Landlord shall repair the same as speedily as practicable, but the Tenant’s
obligation to pay the rent hereunder shall not cease. If the premises be so extensively and
substantially damaged as to render them untenantable, then the rent shall cease until such time as
the premises shall be made tenantable by the Landlord. However, if the premises be totally
destroyed or so extensively and substantially damaged as to require practically a rebuilding
thereof, then the rent shall be paid up to the time of such destruction and then and from
thenceforth this lease shall come to an end. If the Tenant shall have been insured against any of
the risks herein covered, then the proceeds of such insurance shall be paid over to

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the Landlord to the extent of the Landlord’s cost and expenses to make the repairs hereunder.
Notwithstanding the above, if Landlord cannot repair the damages to the property within a six-month
period, then the Tenant shall have the right to terminate this Lease and rent shall be due and
owing only up until the date of the fire or casualty.

     27. REFUSE. Tenant shall at its own cost and expense maintain a refuse container as designated
on the approved site plan (Exhibit A). Such container shall be adequate in size and structure and
kept in good and secure condition. Such container shall be located in an area designated on the
approved site plan. Tenant: shall not permit undue accumulations of trash, rubbish and other
refuse. Tenant shall cause any used cartons, containers, refuse, debris, litter and garbage to be
picked up from the parking areas, sidewalks and grounds, of the Landlord, where same have been
deposited, dropped or discarded by the Tenant or it customers. Tenant herein also agrees to
maintain a refuse container in front of the leased premises and to be periodically emptied by
Tenant, if Landlord so requests. Tenant shall bag all garbage placed in container which has been
removed from their premises.

     28. CLEANLINESS. Tenant agrees to maintain the lease premised, at its own expense, in a clean,
orderly and sanitary condition and free of insects, rodents, vermin and other pests. Tenant also
agrees not to cause or permit objectionable odors to emanate or be dispelled from the leased
premises.

     29. LANDLORD REPAIRS. The repairs required of the Landlord in Paragraph 5 herein shall be done
at the Landlord’s expense and shall not become part of or added to the common area expenses.
Furthermore, if Landlord does not make a repair required in this Lease within a reasonable period
of time following notice from the Tenant, then Tenant can make the repair and offset the cost of
the repair against any future rent due to the Landlord.

     30. SITE REVISIONS. The Landlord herein reserves the right at any time to make changes or
revisions in the parking areas, to make alterations thereof, additions thereto, and to construct
additional buildings as permitted by applicable land use laws and regulations, so long as such
revisions have no adverse impact on Tenant’s use of the demised premises. This paragraph shall
apply only to those areas specifically designated and agreed to by Landlord and Tenant on the site
plan attached as Exhibit A.

     31. DAMAGE. In case of the destruction of or damage of any kind whatsoever to the said
premises, caused by the carelessness, negligence or improper conduct on the part of the Tenant or
the Tenant’s agents, employees, or invitees, the Tenant shall repair the said damage or replace or
restore any destroyed parts of the premises, as speedily as possible, at the Tenant’s own cost and
expense or from insurance proceeds.

     32. INDEMNITY. Tenant agrees to indemnify the Landlord against and save it harmless from and
against any and all claims, actions, damages, liability and expense in connection with loss of
life, personal injury and/or damage to property arising from or out of any occurrence in or about
the leased premises, and/or which result from the occupancy or use by Tenant of the leased premises
or any part thereof and/or which may be occasioned wholly or in part by any act or omission of
Tenant, its agents or employees, except if caused by Landlord or Landlord’s employees, agents or
contractors. In case Landlord shall, without fault on its part, be made a party to any litigation
commenced by or against the Tenant, then Tenant shall protect and hold Landlord harmless and shall
pay all costs, expenses and reasonable attorney’s fees that may be incurred or paid by Landlord in
connection with such litigation.

     33. LATE PENALTY. Any rent due under the terms of this Lease and not received by the Landlord
by the fifth day of the month in which it is due will be subject to a late penalty of the maximum
amount permitted by law, but not to exceed five (5%) percent. The late penalty shall be imposed at
the discretion of the Landlord and if so imposed shall be payable by the Tenant on demand of the
Landlord. Landlord’s failure to impose penalty shall not constitute any waiver of this paragraph.
The late penalty shall be deemed additional rent. Tenant shall be entitled to one five (5) day
notice per year of the imposition of the first late penalty in that year.

     34. REMEDIES UPON TENANT’S DEFAULT. If there should occur any default
on the part of the Tenant in the performance of any conditions and covenants
herein contained beyond any cure period, or should the Tenant be evicted by
summary proceedings or otherwise, the Landlord, in addition to any other remedies herein contained
or as may be permitted by law, may either by force or otherwise, without being liable for
prosecution therefor, or for damages, re-enter the said premises and the same have and again
possess and enjoy; and as agent for the Tenant or otherwise, re-let the premises and receive the
rents therefore and apply the same, first to the payment of such expenses, reasonable

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attorney fees and costs, as the Landlord may have been put to in re-entering and repossessing, the
same and in making such repairs and alterations as may be necessary; and second to the payment of
the rents due hereunder. The Tenant shall remain liable for such rents as may be in arrears and
also the rents as may accrue subsequent to the reentry by the Landlord, to the extent of the
difference between the rents reserved hereunder and the rents, if any, received by the Landlord
during the remainder of the unexpired term hereof, after deducting the aforementioned expenses,
fees and costs; the same to be paid as such deficiencies arise and are ascertained each month.

     Any non-monetary defaults shall require 30 days’ notice to Tenant of Tenant’s right to cure
which right shall continue so long as Tenant is diligently pursuing the cure. Landlord shall also
only be allowed possession of the property in accordance with the law of New Jersey.

     35. TERMINATION ON DEFAULT. Upon the occurrence of any of the contingencies set forth in the
preceding clause, or should the Tenant be adjudicated a bankrupt, insolvent or placed in
receivership, or should proceedings be instituted by or against the Tenant for bankruptcy,
insolvency, receivership, agreement of composition or assignment for the benefit of creditors, or
if this lease or the estate of the Tenant hereunder shall pass to another by virtue of any court
proceedings, writ or execution, levy, or by operation of law, the Landlord may, if the Landlord so
elects, at any time thereafter, terminate this lease and the term hereof, upon giving to the Tenant
or to any trustee, receiver, assignee or other person in charge of or acting as custodian of the
assets or property of the Tenant, five days notice in writing, of the Landlord’s intention so to
do. Upon the giving of such notice, this lease and the term hereof shall end on the date fixed in
such notice as if the said date was the date originally fixed in this lease for the expiration
hereof; and the Landlord shall have the right to remove all persons, goods, fixtures, and chattels
therefrom, by force or otherwise, without liability for damages. In the event that the relationship
of Landlord and Tenant may cease or terminate by reason of the default by the Tenant or by the
ejectment of the Tenant by judicial proceedings, or after the abandonment of the premises by the
Tenant, it is hereby agreed that the Tenant shall remain liable for rent and costs as stated in
above paragraph 3.

     36. NON-WAIVER. The various rights, remedies, options and elections of the parties, expressed
herein, are cumulative, and the failure of the either party to enforce strict performance by the
other of the conditions and covenants of this lease or to exercise any election or option or to
resort or have recourse to any remedy herein conferred or the acceptance by the Landlord of any
installment of rent after any breach by the Tenant, in any one or more instances, shall not be
construed or deemed to be a waiver or a relinquishment for the future by the Landlord of any such
conditions and covenants, options, elections or remedies, but the same shall continue in full force
and effect. Likewise, payment of rent by Tenant shall not act as a waiver of Tenant’s right to
insist on performance of any of the terms hereof.

     37. RIGHT TO EXHIBIT. The Tenant agrees to permit the Landlord and the Landlord’s agents to
show the premises to persons wishing to rent or purchase the same during regular business hours and
while accompanied by a representative of Tenant, and Tenant agrees that on and after 180 days next
preceding the expiration of the term hereof, the Landlord or the Landlord’s agents shall have the
right to place notices on the front of said premises or any part thereof, offering the premises for
rent or for sale; and the Tenant hereby agrees to permit the same to remain thereon without
hindrance. Said right to exhibit shall be upon reasonable notice to Tenant.

     38. ABANDONMENT. Tenant shall throughout the term of this Lease conduct and carry on the type
of business for which the premises have been leased. Tenant shall not allow the leased premises to
become vacant or deserted for a period of more than six months.

     39. WAIVER OF JURY TRIAL. Landlord and Tenant do hereby waive trial by jury in any action,
proceeding or counterclaim brought by either of the parties hereto against the other on any matter
whatsoever arising out of or in connection with this Lease, the relationship of Landlord and
Tenant, Tenant’s use or occupancy of the premises, and/or claim, injury or damage.

     40. ENFORCEMENT. Tenant shall pay, upon demand, all of Landlord’s costs, charges and expenses,
including the fees of counsel, agents and others retained by Landlord, incurred in enforcing
Tenant’s obligation to pay the basic and additional rents due under this lease. In actions to
enforce any other provision of this lease, the losing party, shall be responsible for the other
party’s reasonable costs, charges, expenses and counsel, expert and other fees, incurred in such
actions.

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     41. LOSS OF PROPERTY. Landlord shall not be liable for any loss of property by Tenant from any
cause whatsoever, including but not limited to theft or burglary from the leased premises, and
Tenant covenants and agrees to make no claim for any such loss at any time.

     42. ENTIRE AGREEMENT. This lease contains the entire agreement between the parties, no
representative, agent or employee of the Landlord has been authorized to make any representation or
promises with reference to the within letting or to vary, alter or modify the terms hereof. No
additions, changes or modifications, renewals or extensions hereof, shall be binding unless reduced
to writing and signed by the Landlord and the Tenant.

     43. ADDITIONAL RENT. Any payments required to be made by Tenant, whether to Landlord or
otherwise, under this lease shall be deemed to be additional rent, whether or not so designated in
the lease. Landlord shall be entitled to all remedies available to Landlord of non-payment of rent
in the event that, Tenant fails to pay any such payment.

     44. BROKER. The parties warrant and represent that they have not dealt or negotiated with any
real estate broker or salesperson in connection with this Lease agreement and that they shall
indemnify and hold each other harmless from any costs, claims or damages successfully asserted by
any other person or firm claiming to have negotiated or brought about this Lease.

     45. PHOTOCOPIES. Photocopies bearing original signatures of the parties shall be deemed to be
original documents, and the parties hereto and lending institutions may rely upon said photocopies
bearing original signatures as such originals.

     46. EXECUTION. The submission of this Lease for examination does not constitute a reservation
of or option for the premises. This Lease agreement shall become effective, only upon execution by
both Landlord and Tenant.

     47. HEADINGS. The headings contained in the body of this lease agreement are for purposes of
identification only, and are not a part of the agreement between the parties.

     48. PERSONAL LIABILITY. Notwithstanding anything to the contrary provided in this lease, it is
specifically understood and agreed, such agreement being a primary consideration for the execution
of this lease by Landlord, that there shall be absolutely no personal liability on the part of
Landlord, its Partners, nor their successors with respect to any of the terms and conditions of
this lease. The Tenant shall look solely to the equity of the Landlord in the Premises for the
satisfaction of each and every remedy of Tenant in the event of any breach by Landlord of any of
the terms and conditions of this lease to be performed by Landlord, such exculpation of liability
to be absolute and without any exceptions whatsoever.

     49. LANDLORD INSTALLATION. Leased premises shall be provided the following by Landlord:
Landlord’s work is described in detail in Exhibit B.

     50. CONSTRUCTION. Landlord agrees that construction of the building, designated by the
Landlord to contain the leased premises, shall commence, before the expiration of 120 days after
the date the Landlord shall have procured a building permit from the appropriate authority and
Landlord further agrees to thereafter diligently proceed with the construction of the premises.

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If for any reason construction has not commenced by the above date either party here-to may
terminate this lease by written notice to the other party, sent certified mail return receipt
requested, prior to the commencement of construction. Upon such notice this lease shall become null
and void without any liability of either party to the other, with the exception of the refund of
the security deposit. Landlord shall construct the building in accordance with architectural plans
submitted to and approved by Tenant and attached hereto as Exhibit C all in a good and workmanlike
manner in compliance with all applicable laws and regulations. Warranties shall be assigned to
Tenant. Landlord agrees that everything will be warranted for one year, the roof warranted for 20
years and all mechanical, water penetration and site work warranted for 2 years. Landlord further
agrees to provide Tenant with a construction schedule and communicate with Tenant on the status of
construction on a regular basis.

     51. TENANT WORK. Tenant is permitted to enter the leased premises prior to commencement of the
lease term in order to prepare the premises, provided however, that such entry does not interfere,
impede or disrupt the Landlord nor violate any township ordinances. Landlord agrees to use its best
efforts to allow Tenant side-by-side access for completion of Tenant’s work.

     52. RENEWAL. Tenant shall have the option of renewing this lease for two (2) additional five
(5) year periods provided the Tenants give to the Landlord Notice of Intent to Renew at least nine
(9) months prior to the expiration of the initial term or renewal period being renewed. Rent for
the renewal term shall be at least the existing rent increased to the fair market value (FMV) as of
the commencement date of each renewal. If the parties cannot agree on the FMV increase or a
mutually agreeable appraiser to determine the same, then each party will hire an appraiser and the
FMV shall be determined by taking an average of the two appraisals provided the difference between
the two is 10% or less. If the difference between the two appraisals is greater than 10%, then the
two hired appraisers shall pick a third appraiser, and the FMV determined by the third appraiser
shall be binding.

     53. EXCLUSIVE USE. Landlord agrees that Landlord will not rent to another banking facility
within the shopping center anticipated to be constructed on the same lot occupied by the building
leased to Tenant.

     54. ROOFTOP ANTENNA/MODIFICATIONS, Tenant, with prior review and approval by the Landlord,
which approval shall not be unreasonably withheld or delayed, is permitted to install
antenna/satellite dishes and related equipment on the roof of the building or on the site provided,
however, that Tenant shall comply with any and all governmental restrictions and regulations and
obtain all necessary permits and, in addition, Tenant shall be responsible for any damage or defect
created in the roof by reason of the installation of such materials and shall appropriately screen
such equipment and materials from view.

     55. OPTION TO PURCHASE. Tenant shall have the continuing option to purchase the premises after
the end of the fifth lease year at a price equal to the then current fair market value (FMV) of the
premises. If the parties cannot agree on the fair market value or a mutually agreeable appraiser to
determine same, then each party will hire an appraiser and the FMV shall be determined by taking an
average of the two appraisals provided the difference between the two is 10% or less. If the
difference between the two appraisals is greater than 10%, then the two hired appraisers shall pick
a third appraiser, and the FMV determined by the third appraiser shall be binding. If, pursuant to
Paragraph #64, Tenant has paid outside of Lease payments for Lease Hold Improvements, then and in
that event, if Tenant exercises this option to purchase during the term of the Lease, Tenant shall
receive a credit for a portion of the monies so paid, calculated by dividing the total payment made
for Lease Hold Improvements by 14 years and crediting Tenant with the sum equal to that figure
times the number of years remaining on the Lease. In the event Landlord has not subdivided out the
Tenant’s portion of the property consistent with an agreed upon division by the end of the fifth
lease year, the Tenant shall have the further option to proceed with the application for said
subdivision at Tenant’s expense and, if approval is received, exercise this option. Alternatively,
if subdivision is impractical, the parties will explore alternatives such as land lease or
condominium association and Landlord will pursue one of those courses in order to permit Tenant to
exercise this option.

     56. RIGHT OF FIRST REFUSAL. Should the Landlord, during the original or any renewal term of
the Lease, decide to sell the building and property to any other person, corporation or company,
the Landlord shall first offer the building and/or property for sale to Tenant at the same price as
the Landlord’s best offer. Tenant shall have thirty (30) days from the date of receipt of written
notice of the other offer to match that offer in order to exercise Right of First Refusal to
purchase the premises hereunder. Tenant’s offer must match not only terms of price but, also, all
terms including payment method and any and all contingencies.

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     57. CHOICE OF LAW. This Lease Agreement shall be governed by the law of the State of New
Jersey and the parties agree to make Mercer County the venue of any legal action resulting from
this Lease.

     58. SUCCESSORS AND ASSIGNS. This Lease Agreement shall be binding on all successors and
assigns to either party’s interests herein.

     59. MEMORANDUM OF LEASE. A memorandum of this Lease Agreement shall be filed simultaneously
upon execution with the clerk of Mercer County, New Jersey.

     60. HOLDING OVER. In the event that the Tenant shall remain in the demised premises after the
expiration of the term of this Lease without having executed a new written Lease with the Landlord,
such holding over shall not constitute a renewal or extension of this Lease. The Landlord may, at
its option, elect to treat the Tenant as one who has not removed at the end of its term, and
thereupon be entitled to all the remedies against the Tenant provided by law in that situation, or
the Landlord may elect, at its option, to construe such holding over as a tenancy from month to
month, subject to all the terms and conditions of this Lease, except as to duration thereof, and
rent shall be due at 125% of the last month’s rent covered under the base and/or option term of
the Lease.

     61. WAIVER OF SUBROGATION. Landlord and Tenant hereby releases the other from any and all
liability or responsibility (to the other or anyone claiming through or under them by the way of
subrogation or otherwise) under fire and extended coverage or supplementary contract casualties, if
such fire or other casualty shall have been caused by the fault or negligence of the other party,
or anyone for whom such party may be responsible; provided, however, that, except as otherwise
provided in this Lease, this release shall be applicable and in force and effect only with respect
to loss or damage occurring during such time as the releasor’s policies shall contain a clause or
endorsement to the effect that any such release shall not adversely affect or impair said policies
or prejudice the right of the releasor to recover thereunder. Each of Landlord and Tenant agrees
that its policies will include such a clause or endorsement so long as the same shall be obtainable
without extra cost, or if such cost shall be charged therefore, so long as the other party pays
such extra cost, if extra cost shall be chargeable therefor, each party shall notify the other
party therefore and of the amount of the extra cost, and the other party shall be obligated to pay
the extra cost unless, within ten (10) days after such notice, it elects not to be obligated so to
do by written notice to the original party. If such clause or endorsement is not available, or if
either party should not desire the coverage at extra cost to it, then the provisions of this
Article shall not apply to the policy or policies in question.

     62. BANKING APPROVAL. This Lease Agreement is contingent upon the Tenant obtaining all
necessary approvals to operate a banking facility at this location from the Office of the
Comptroller of the currency within ninety (90) days from the execution of this Lease Agreement.
Tenant agrees to apply for this approval immediately following execution of this Lease Agreement.
Tenant agrees that if Tenant cancels this Lease Agreement because the relocation is not approved by
the Comptroller of the currency as required hereunder, then and in that event, Tenant agrees to
reimburse the Landlord for any and all expenses incurred by the Landlord in preparing the premises
including engineering, site work and any other work done after the execution of the Lease and until
the date of cancellation.

     63. ARBITRATION

          (a) All disputes which may arise between the parties hereto out of or in relation to or in
connection with this Agreement, shall be settled by arbitration in accordance with the provisions
set forth in the New Jersey Arbitration Act, N.J.S.A. 2A:24-1 et seq. The decision of such
arbitration shall be binding on both parties, and a judgment on an award rendered shall be entered
pursuant to paragraph (b).

          (b) Exclusive jurisdiction over entry of judgment on any arbitration award rendered pursuant
to paragraph (a) or over any dispute, action or suit arising therefrom shall be in any court of
appropriate subject matter jurisdiction located in New Jersey, and the parties by this Agreement
expressly subject themselves to the personal jurisdiction of said court for the entry of any such
judgment and for the resolution of any dispute, action or suit arising in connection with the entry
of such judgment.

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     64. LEASEHOLD IMPROVEMENTS. Tenant agrees to pay Landlord a maximum of $35.00 per foot for any
and all Tenant improvements based upon the existing estimating plans and provided any changes
thereto are reasonable in scope. (A copy of said estimating plans are attached hereto as Exhibit
“D”.) Landlord further agrees to competitively bid-out all Tenant improvements on the leased
premises and to allow Tenant to accept or reject the bids for the leasehold improvements. In the
event that Tenant does not accept any of the bids submitted for the leasehold improvements, then
Tenant reserves the right for the Landlord to deliver to Tenant a shell of the building and then
Tenant will have the right and responsibility to finish all leasehold improvements. The shell of
the building is defined and set forth in the attached plans submitted as Exhibit “D”. Tenant
further agrees to pay a mark-up of 3% to the Landlord for supervision of the leasehold improvements
if the Tenant accepts the bids submitted to Landlord and Landlord is responsible for completing the
leasehold improvements. Payment to the Landlord hereunder shall be made in accordance with a
separate contract between Landlord and Tenant regarding said leasehold improvements.

     The parties hereto have executed this Lease Agreement on the day and year first above written.

	 	 	 
	As to Landlord:

	 	As to Tenant:
	 
	 	 
	CRESTWOOD CONSTRUCTION, LLC

	 	YARDVILLE NATIONAL BANK
	 
	 	 
	By: John J. Klein, III

	 	By: Patrick M. Ryan
	 

	 	 
	          JOHN J. KLEIN, III

	 	          PATRICK M. RYAN
	

	 	          President/CEO
	 
	 	 
	Dated: 5-25—98

	 	Dated: 4/2/98

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ADDENDUM TO LEASE AGREEMENT

LANDLORD: CRESTWOOD CONSTRUCTION, LLC

TENANT: YARDVILLE NATIONAL BANK

PROPERTY: Block 2575, Lot 184, Hamilton Township, NJ

The contents of this Addendum are an Integral part of the Lease Agreement dated May 8, 1998 and
wherever the contents of the Lease Agreement and this Addendum differ, the Addendum shall govern.

     1. In addition to the common areas delineated in yellow on Exhibit B, Tenant shall be
responsible for its proportionate share of the maintenance expenses for the detention basin.
Tenant’s proportionate share shall be based on total acreage of land allocated to each user of the
detention basin. The Tenant shall be entitled to an easement for use of the detention basin
throughout the term of the loan.

     2. Omitted from Exhibit B is a proposed 21,000 square foot retail center to be on the
remainder of the site outside of the dotted red line. Landlord shall supply Tenant with a copy of
the revised plans including the proposed shopping center once those plans are completed.

     3. Paragraph 30 of the Lease Agreement is modified to change the reference to Exhibit A to
Exhibit B. All other terms and conditions of Paragraph 30 remain the same.

     4. The date of Exhibit A referred to in Paragraph 1 of the Lease Agreement is changed to
September 15, 1997 as revised on November 5, 1997.

     5. Paragraph 49 of the Lease Agreement is modified to change the reference to Exhibit B to
Exhibit C, C1, D, D1, D2 and D3.

     6. Paragraph 50 of the Lease Agreement is modified to change the reference to Exhibit C to
Exhibit C, C1, D, D1, D2 and D3.

     7. Paragraph 54 of the Lease Agreement is modified to change the reference to Exhibit D (in
the 5th line of said paragraph) to Exhibit C. The reference to Exhibit D (in the 15th line of said
paragraph) shall be changed to Exhibit D, D1, D2 and D3.

     8. The Tenant shall be entitled to a credit of $25,000 for the architectural staircase which
was originally proposed as part of the base building and since eliminated by the Tenant.

     9. Any discrepancies in the plans and specifications prepared by The Aztec Corporation and
Steven S. Cohen, Architect, PC, shall be controlled by what is in The Aztec Corporation plans and
specifications, with the exception that all dimensions in said plans and specifications shall be
governed by the Steven S. Cohen, Architect, PC, plans and specifications.

     10. Paragraph 2 of the Lease Agreement is modified to change the number 60 to 120 in the third
line if the Tenant elects to have the Landlord deliver only the shell of the building in accordance
with Paragraph 64 of the Lease Agreement.

     11. The word “replacing” shall be deleted from the 12th line of the second paragraph of
Paragraph 12 of the Lease Agreement.

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     12. Paragraph 64 of the Lease is modified to state that if the Tenant elects to have the
Landlord provide only a shell of the building, then Tenant has the further option of removing
certain items from the shell and be reimbursed on a dollar-for-dollar credit for the items removed.

     13. Tenant reserves the right to make any and all changes to the plans and specifications
attached as Exhibits to this Lease without charge to the Tenant provided said changes are in
materials of equal value, the changes do not impede the construction timetable and there is no
direct increase in cost to the Landlord.

     14. The Exhibits attached to the Lease Agreement shall be as follows:

	 	 	 	 	 
	 	 	Exhibit	 	Description
	

	 	A
	 	Preliminary and Final Site Plan prepared by Crucili-Dolci, Inc. dated 9/30/97 as Revised on 11/5/97 (1 sheet).
	 
	 	 	 	 
	

	 	B
	 	Preliminary and Final Site Plan prepared by Crucili-Dolci, Inc. dated 9/30/97 as Revised on 11/5/97 with a dotted red line delineating the proposed subdivision line
and yellow highlighted area delineating the common areas (1 sheet).
	 
	 	 	 	 
	

	 	C
	 	Estimating Package consisting of First Floor Plan, Second Floor Plan and Third Floor Plan prepared by The Aztec Corporation and dated 9/22/97 as revised on
12/5/97 (3 sheets).
	 
	 	 	 	 
	

	 	C1
	 	Interior Construction Estimating Package prepared by The Aztec Corporation dated 11/19/97 and revised 12/8/97 (37 pages).
	 
	 	 	 	 
	

	 	D
	 	Base Building Exhibit consisting of First Floor Plan, Second Floor Plan and Third Floor Plan prepared by The Aztec Corporation dated 9/22/97 as revised
on 12/15/97 and 3/18/98 (3 sheets) along with Interior Construction Estimating
Package prepared by The Aztec Corporation dated 11/19/97 as revised on 12/8/97 and edited on 3/17/98 (40 pages).
	 
	 	 	 	 
	

	 	D1
	 	Set of Drawings prepared by Steven S. Cohen, Architect, PC, dated 2/16/98, consisting of 12 sheets labeled A.0 to A.11.
	 
	 	 	 	 
	

	 	D2
	 	Letter from John J. Klein III to Randy J. Csik dated 4/2/98 with paragraphs 2 and 3 deleted and initialed by John J. Klein III (1 page).
	 
	 	 	 	 
	

	 	D3
	 	Specification book prepared by Steven S. Cohen, Architect, PC, dated November 19,1997, revised December 8, 1997 and edited for base building on February 17, 1998.

E-85

 

AGREED & ACCEPTED:

	 	 	 	 	 
	

	 	 	 	CRESTWOOD CONSTRUCTION, LLC
	

	 	 	 	LANDLORD
	 
	 	 	 	 
	

	 	By:
	 	John Klein
	

	 	 	 	 
	

	 	 	 	John Klein, Manager Member
	 
	 	 	 	 
	

	 	 	 	YARDVILLE NATIONAL BANK
	

	 	 	 	TENANT
	 
	 	 	 	 
	

	 	By:
	 	Patrick Ryan
	

	 	 	 	 
	

	 	 	 	Patrick Ryan, President/CEO

E-86

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