Document:

EXHIBIT 10.44
                      EMPLOYEE CHANGE IN CONTROL AGREEMENT
                 NOT TO BE CONSTRUED AS AN EMPLOYMENT AGREEMENT

                      THE FIRST NATIONAL BANK OF LITCHFIELD
                     FIRST LITCHFIELD FINANCIAL CORPORATION
                            FIRST LITCHFIELD LEASING
                                 13 North Street
                             Litchfield, Connecticut

         WHEREAS,  First Litchfield Leasing  Corporation (the "Leasing Company")
and its parent,  The First  National  Bank of Litchfield  (the "Bank"),  and its
parent  bank  holding  company,  First  Litchfield  Financial  Corporation  (the
"Holding Company"), wish to continue to employ Linda M. Parady,  ("Employee") of
New Hartford, Connecticut, as Senior Vice-President of the Leasing Company.

         WHEREAS,  the Leasing Company, the Bank, and the Holding Company expect
that Employee's  contributions  and knowledge will continue to be of significant
benefit to the future growth and success of the Bank and the Holding Company;

         WHEREAS,  the Boards of Directors of the Leasing Company, the Bank, and
the Holding  Company  recognize  that a change in control of the Bank and/or the
Holding  Company  may occur and that the threat of such  change in  control  may
create  uncertainty  and may result in the distraction or departure of long term
personnel to the  detriment of the Leasing  Company,  the Bank,  and the Holding
Company and their stockholders;

         WHEREAS,  the Boards have determined that  appropriate  steps should be
taken to reinforce and  encourage  the continued  dedication of employees of the
Leasing Company's  management,  including Employee,  to their assigned duties in
the face of potential  circumstances  involving the possibility of such a change
in control; and

         NOW  THEREFORE,  in addition  to one dollar  ($1.00) and other good and
valuable  consideration  paid by the Leasing Company to Employee and in order to
induce Employee to continue  employment with the Leasing Company and to continue
to perform  Employee's  duties in a manner which is in the best interests of the
Leasing  Company,  the Bank,  and the Holding  Company  hereby  agree to provide
Employee  with  certain  benefits in the event her  employment  with the Leasing
Company  terminates  or is  reassigned  subsequent  to a Change in  Control  (as
defined in Section 2 hereof) under the circumstances described below.

         1. Term of Agreement;  Employment  Status.  This  Agreement  shall take
effect  when  signed by all  parties  and shall  remain in full force and effect
until June 1, 2010.  All  employees of the Leasing  Company,  the Bank,  and the
Holding Company,  including  Employee,  are employees at will. The terms of this
Agreement,  therefore,  do not and are not intended to create  either an express
and/or implied contract of employment with the Leasing Company, the Bank, and/or
the Holding Company.  This Agreement simply provides certain potential  benefits
to Employee in the event that a Change in Control occurs prior to June 1, 2010.

         2. Change in Control.  No benefits  shall be payable  hereunder  unless
prior to June 1,  2010,  there  shall have been a Change in Control as set forth
below,  and  thereafter  within  twelve  (12)  months of such  Change in Control
Employee's  employment with the Leasing Company and/or its successor  terminates
or Employee is reassigned in accordance  with Section 3, below.  For purposes of
this  Agreement,  a "Change in Control"  shall mean a change in the ownership or
effective  control of the Bank or the Holding Company,  or in the ownership of a
substantial  portion of the assets of the Bank or the Holding  Company and shall
occur upon the occurrence of any of the following:

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         (a) The date that any one person,  or more than one person  acting as a
group,  acquires  ownership  of  stock  that,  together  with  stock  previously
acquired,  constitutes  more than 50% of the total  fair  market  value or total
voting  power of the stock of the Bank (other than by the Holding  Company),  or
the Holding Company;

         (b) The date that any one person,  or more than one person  acting as a
group,  acquires (or has acquired in the preceding 12-month period) ownership of
stock  possessing  50% or more of the total voting power of the Bank (other than
by the Holding Company), or the Holding Company;

         (c) The date that a majority  of members of the Board of  Directors  of
the Bank or the  Holding  Company  is  replaced  during any  12-month  period by
directors  whose  appointment  or election was not endorsed by a majority of the
members of the Board before the appointment or election; or

         (d) The date that any one person,  or more than one person  acting as a
group,  acquires ownership (or has acquired in the preceding 12-month period) of
assets from the Bank or the Holding  Company that have a total gross fair market
value of 50% or more of the total gross fair  market  value of all of the assets
immediately before such acquisition or acquisitions.  Gross fair market value of
assets  means the fair  value of the  assets  without  regard  to any  liability
associated with such assets.

With respect to the above  description of a "Change in Control," all terms shall
have the meaning set forth as defined in Section  409A of the  Internal  Revenue
Code and Treasury Reg. ss.409A-3(i)(5) thereunder, as amended from time to time.

         3.  Termination  Following  Change  in  Control.  If any of the  events
described  in  Section 2 hereof  constituting  a Change in  Control  shall  have
occurred,  Employee  shall be entitled to the  benefits  provided for in Section
4(a) hereof upon the  Termination of Employment or  Reassignment  (as defined in
this  Section  3) of  Employee's  employment  duties or  responsibilities  as an
employee of the Leasing Company and/or its successor as provided in this Section
3, within  twelve  (12) months  after such  event,  unless such  Termination  of
Employment or  Reassignment  is: (i) by any  regulatory  authority  (acting with
proper jurisdiction);  or (ii) by the Board of Directors of the Leasing Company,
the Bank,  or the Holding  Company  for cause;  or (iii)  because of  Employee's
death, retirement or disability. Such benefits shall be reduced by the amount of
any severance paid to Employee by the Leasing Company,  the Bank, or the Holding
Company, or its successor.

            (a) Retirement; Disability.

                  (i)  Termination of Employment by the Leasing Company based on
retirement  shall mean the  termination  of employment  in  accordance  with the
retirement policy of the Leasing Company, as approved by the Bank, including (at
Employee's  sole  election  and as  set  forth  in  writing)  early  retirement,
generally  applicable  to its  salaried  employees  or in  accordance  with  any
retirement  arrangement  established  with  Employee's  consent  with respect to
Employee.

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                  (ii) Termination of employment by the Leasing Company based on
disability  shall mean the Employee  (i) is unable to engage in any  substantial
gainful  activity  by reason of any  medically  determinable  physical or mental
impairment  which can be  expected to result in death or can be expected to last
for a  continuous  period  of not  less  than  twelve  (12)  months;  or (ii) is
receiving  income  replacement  benefits for a period of not less than three (3)
months under an accident and health plan, as approved by the Bank,  and covering
the  employees of the Leasing  Company by reason of any  medically  determinable
physical or mental  impairment  which can be expected to result in death or last
for a continuous  period of at least twelve (12) months.  The Employee  shall be
deemed  disabled if  determined  to be totally  disabled by the Social  Security
Administration.

         (b) Notice of Termination. The Leasing Company agrees that in the event
of a Termination of Employment it will promptly  furnish Employee with a written
Notice  of  Termination.   Any  purported  Reassignment  of  Employee  shall  be
communicated  by written  Notice of  Termination  to the  Leasing  Company.  For
purposes of this Agreement,  a "Notice of Termination" shall mean a notice which
shall include the specific  termination  provision in this Agreement relied upon
and shall set forth in reasonable detail the facts and circumstances  claimed to
provide a basis for termination of Employee's  employment under the provision so
indicated.

            (c) Date of Termination.  "Date of Termination"  shall mean the date
on which a Notice of  Termination  is given;  provided  that, if within five (5)
days after any Notice of Termination is given,  the party  receiving such Notice
of  Termination  notifies the other party that a dispute  exists  concerning the
termination,  the Date of Termination  shall be the date on which the dispute is
finally  determined,  either by mutual  written  agreement of the parties,  by a
binding and final arbitration award or by a final judgment, order or decree of a
court of competent  jurisdiction  (the time for appeal  therefrom having expired
and no appeal having been perfected).

            (d)  Reassignment.  "Reassignment"  shall mean a  reduction  in base
salary or an involuntary reassignment of Employee's duties, responsibilities, or
benefits  materially  inconsistent with those of Employee prior to the Change in
Control  or  the  involuntary   relocation  of  Employee's  primary  duties  and
responsibilities  to an office or  location  greater  than fifty (50) miles from
Litchfield,  Connecticut  or action which results in a significant  worsening of
the Employee's  work  conditions  (including,  but not limited to, a significant
change  in  employment   duties,   responsibilities,   required  work  hours  or
otherwise).

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         4. Compensation Upon Termination or Reassignment.

            (a) If,  within  twelve  (12) months  after a Change in Control,  as
defined in Section 2 hereof,  shall have  occurred,  there is a  Termination  of
Employment  or  Reassignment  of  Employee as defined in Section 3 (except by an
agency acting with proper jurisdiction,  or by a board of directors for cause or
as a result  of death,  retirement  or  disability),  then the Bank  and/or  its
successor  shall pay  Employee  (i) if Employee  is a  "Specified  Employee"  as
defined in Section  409A(a)(2)(B)(i)  of the Internal  Revenue Code, on the date
which is six (6) months after the Date of Termination or (ii) if Employee is not
a  Specified  Employee  as  defined,  within  five  (5) days  after  the Date of
Termination,  or in each case as soon  thereafter as is  practicable,  an amount
equal to the sum of:

                  (i) Twelve (12) months of Employee's annual compensation based
upon the most recent  aggregate  base salary paid to Employee in the twelve (12)
month period  immediately  preceding  his/her  termination or reassignment  less
amounts previously paid to Employee from the date of Change in Control; plus

                  (ii) Reasonable  legal fees and expenses  incurred by Employee
as a result of such  Termination  of Employment or  Reassignment  (including all
such fees and  expenses,  if any,  incurred in  contesting or disputing any such
Termination of Employment or Reassignment or in seeking to obtain or enforce any
right or benefit provided for by this Agreement).

         (b)  Employee  shall not be  required  to  mitigate  the  amount of any
payment provided for in this Section 4 by seeking other employment or otherwise,
nor shall the amount of any payment provided for in this Section 4 be reduced by
any  compensation  earned by  Employee  as the result of  employment  by another
employer after the Date of Termination, or otherwise.

            (c) It is the  intention  of the parties to this  Agreement  that no
payments by the Leasing  Company,  the Bank, or the Holding  Company,  to or for
Employee's  benefit under this Agreement shall be  non-deductible to the Leasing
Company, the Bank, or the Holding Company, by reason of the operation of Section
280G of the  Internal  Revenue  Code.  Accordingly,  notwithstanding  any  other
provision  hereof,  if by reason of the  operation  of said  Section 280G of the
Internal Revenue Code, any such payments exceed the amount which can be deducted
by the Leasing  Company,  the Bank, or the Holding  Company,  the amount of such
payments  shall be reduced to the  maximum  which can be deducted by the Leasing
Company, the Bank, or the Holding Company. To the extent that payments in excess
of the amount  which can be deducted by the Leasing  Company,  the Bank,  or the
Holding  Company  have been made to and for  Employee's  benefit,  they shall be
refunded with interest at the applicable  rate provided under Section 1274(d) of
the  Internal  Revenue  Code,  or at such other rate as may be required in order
that no such  payment  to or for  Employee's  benefit  shall be  non-deductible,
pursuant  to Section  280G of the  Internal  Revenue  Code.  Any  payments  made
hereunder  which are not  deductible  by the Leasing  Company,  the Bank, or the
Holding  Company,  as a result of losses which have been carried  forward by the
Leasing  Company,  the Bank,  or the Holding  Company,  for Federal tax purposes
shall not be deemed a non-deductible amount for purposes of this Section 4(c).

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         5.  Continuation  of  Insurance  Benefits.  Notwithstanding  any  other
provision in this  Agreement to the  contrary,  the Leasing  Company,  the Bank,
and/or its  successor  shall  maintain  in full force and effect for  Employee's
continued  benefit,  for the twelve (12) month period beginning upon a Change in
Control,  all life  insurance,  medical,  health  and  accident  and  disability
policies, plans, programs or arrangements which were in effect immediately prior
to the Change in Control.

      6. Successors; Binding Agreement.

         (a) The  Bank  and the  Holding  Company  will  require  any  successor
(whether direct or indirect, by purchase, merger, consolidation,  acquisition of
assets or assumption of liabilities or otherwise) to all or substantially all of
the business and/or assets and/or deposits of the Bank, or the Holding  Company,
by  agreement,  to expressly  assume and agree to perform this  Agreement in the
same manner and to the same extent that the Bank would be required to perform it
if no such  succession  had taken place.  Failure of the Bank and/or the Holding
Company  to  obtain  such  agreement  prior  to the  effectiveness  of any  such
succession  shall be a breach of this  Agreement and shall  entitle  Employee to
compensation  from the Bank in the same amount and on the same terms as he would
be entitled to hereunder if his/her  employment  had terminated as a result of a
Termination  of  Employment  or  Reassignment,  as provided in Section 3 hereof,
after a  Change  in  Control,  except  that for  purposes  of  implementing  the
foregoing,  the date on which any such  succession  becomes  effective  shall be
deemed the Date of Termination. As used in this Agreement, "Bank" shall mean the
Bank as  hereinbefore  defined and any successor to the business,  assets and/or
deposits as aforesaid which executes and delivers the agreement  provided for in
this Section 6 or which otherwise  becomes bound by all the terms and provisions
of this Agreement by operation of Law.

         (b) This Agreement  shall inure to the benefit of and be enforceable by
Employee's  personal  or  legal  representatives,   executors,   administrators,
successors,  heirs, distributees,  devisees and legatees. If Employee should die
after any rights to receive the  amounts  contemplated  hereby  have  accrued to
Employee  but before  such  amounts  have been paid,  all such  amounts,  unless
otherwise  provided  herein,  shall be paid in accordance with the terms of this
Agreement to his/her devisee,  legatee or other designee or, if there be no such
designee, to Employee's estate.

         7. Notices. All notices and other  communications  provided for in this
Agreement  shall be in writing  and shall be deemed to have been duly given when
delivered or mailed by United States registered mail, return receipt  requested,
postage  prepaid,  addressed to the respective  addresses set forth on the first
page of this Agreement,  provided that all notices to the Leasing  Company,  the
Bank,  and the Holding  Company  shall be directed to the attention of the Board
with a copy to the Chairman of the Board of the Leasing Company, Chairman of the
Board of the Bank,  and the  Chairman of the Board of the Holding  Company or to
such other address as either party may have furnished to the other in writing in
accordance herewith,  except that notice of change of address shall be effective
only upon receipt.

         8.  Miscellaneous.  No  provision  of this  Agreement  may be modified,
waived or discharged unless such waiver,  modification or discharge is agreed to
in writing and signed by Employee and such other officer as may be  specifically

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designated  by the  Board of the  Leasing  Company,  the  Bank,  or the  Holding
Company. No waiver by either party hereto at any time of any breach by the other
or failure to comply with any  condition or  provision  of this  Agreement to be
performed by such other party shall be deemed a waiver of similar or  dissimilar
provisions  or  conditions  at the same or at any prior or  subsequent  time. No
agreements  or  representations,  oral or  otherwise,  express or implied,  with
respect to the subject  matter  hereof have been made by either  party which are
not  expressly  set  forth  in this  Agreement.  The  validity,  interpretation,
construction  and performance of this Agreement shall be governed by the laws of
the State of Connecticut and of the United States of America.

         9.  Validity.  The invalidity or  unenforceability  of any provision of
this  Agreement  shall not affect the  validity or  enforceability  of any other
provision of this Agreement, which shall remain in full force and effect.

         10.   Administration  and  Interpretation.   This  Agreement  shall  be
administered  in a  manner,  and all  provisions  of  this  Agreement  shall  be
interpreted to be, compliant with the provisions of Section 409A of the Internal
Revenue  Code,  and  regulations  and rulings  issued  thereunder,  so as not to
subject  the  benefits  accruing  hereunder  to  taxation  pursuant  to  Section
409A(a)(1) of the Internal Revenue Code.

         11.   Counterparts.   This   Agreement   may  be  executed  in  several
counterparts,  each of which shall be deemed to be an original  but all of which
together will constitute one and the same instrument.

         12.  Arbitration.  Any  dispute  or  controversy  arising  under  or in
connection  with this Agreement  shall be settled  exclusively by arbitration in
Litchfield,   Connecticut,   in  accordance  with  the  rules  of  the  American
Arbitration Association then in effect. Notwithstanding the pendency of any such
dispute  or  controversy,  the Bank or the  Holding  Company  will pay  Employee
promptly an amount equal to Employee's  full  scheduled  compensation  in effect
when the notice giving rise to the dispute was given (including, but not limited
to, base salary) and provide Employee with all scheduled compensation,  benefits
and  insurance  plans in which he/she was  participating  when the notice giving
rise to the  dispute  was  given,  until the  dispute  is  finally  resolved  in
accordance  with  Section 3 hereof.  Amounts  paid under this  Section 12 are in
addition to all other  amounts due under this  Agreement and shall not be offset
against or reduce any other  amounts due under this  Agreement.  Judgment may be
entered on the arbitrator's  award in any court having  jurisdiction;  provided,
however,  that  Employee  shall be  entitled  to seek  specific  performance  of
Employee's right to be paid until the Date of Termination during the pendency of
any dispute or controversy arising under or in connection with this Agreement.

         13. Entire Agreement.  This Agreement  constitutes the entire agreement
between the Bank, the Holding  Company,  and the Executive on the subject matter
hereof.  No rights are granted to the Employee by virtue of this Agreement other
than those specifically set forth herein.

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      Agreed to this 9th day of February, 2009, by and among Employee, The First
National Bank of Litchfield, and First Litchfield Financial Corporation.

                                          THE FIRST NATIONAL BANK OF LITCHFIELD

                                          /s/ JOSEPH J. GRECO
                                          By:  Joseph J. Greco
                                          Its:  President
                                          Duly Authorized

                                          FIRST LITCHFIELD FINANCIAL CORPORATION

                                          /s/ JOSEPH J. GRECO
                                          By:  Joseph J. Greco
                                          Its:  President
                                          Duly Authorized

                                          FIRST LITCHFIELD LEASING CORPORATION

                                          /s/ GLENN R. MASON
                                          By:  Glenn R. Mason
                                          Its:  President
                                          Duly Authorized

                                          EMPLOYEE

                                          /s/ LINDA M. PARADY
                                          Linda M. Parady

                                       88
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STATE OF CONNECTICUT )
                     ) ss: Litchfield
COUNTY OF LITCHFIELD )

         On  the  11th  day of  February,  2009,  before  me,  the  undersigned,
personally  appeared  JOSEPH  J.  GRECO,  who  acknowledged  himself  to be  the
President of FIRST  NATIONAL BANK OF LITCHFIELD and FIRST  LITCHFIELD  FINANCIAL
CORPORATION, and that he, as such President, being authorized so to do, executed
the foregoing instrument for the purposes therein contained by signing his name.

      In Witness Whereof, I hereunto set my hand.

                                     /s/ MICHELLE L. QUIGLEY
                                         Notary Public
                                         My Commission Expires: March 31, 2012

STATE OF CONNECTICUT )
                     ) ss: Torrington
COUNTY OF LITCHFIELD )

         On  the  9th  day  of  February,  2009,  before  me,  the  undersigned,
personally appeared GLENN MASON, who acknowledged himself to be the President of
FIRST  LITCHFIELD  LEASING  CORPORATION,  and that he, as such President,  being
authorized so to do, executed the foregoing  instrument for the purposes therein
contained by signing his name.

      In Witness Whereof, I hereunto set my hand.

                                     /s/ AMY E. OUELLETTE
                                         Notary Public
                                         My Commission Expires: January 31, 2013

                                       89
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STATE OF CONNECTICUT  )
                      ) ss.: Torrington
COUNTY OF  LITCHFIELD )

         On this the 9th day of  February,  2009,  before  me,  the  undersigned
officer,  personally  appeared,  LINDA M. PARADY,  known to me or satisfactorily
proven to be the person  signing the foregoing  document and  acknowledged  that
he/she executed the same for the purposes therein  contained as his free act and
deed.

      In Witness Whereof, I hereunto set my hand.

                                     /s/ AMY E. OUELLETTE
                                         Notary Public
                                         My Commission Expires: January 31, 2013

                                       90EXHIBIT 10.45
                      EXECUTIVE CHANGE IN CONTROL AGREEMENT
                 NOT TO BE CONSTRUED AS AN EMPLOYMENT AGREEMENT

                      FIRST LITCHFIELD LEASING CORPORATION,
                      THE FIRST NATIONAL BANK OF LITCHFIELD
                     FIRST LITCHFIELD FINANCIAL CORPORATION

                                 13 North Street
                             Litchfield, Connecticut

         WHEREAS,  First Litchfield Leasing  Corporation (the "Leasing Company")
and its parent  holding  company,  The First  National Bank of  Litchfield  (the
"Bank"),  and its  parent  bank  holding  company,  First  Litchfield  Financial
Corporation (the "Holding Company"),  wish to continue to employ Glenn R. Mason,
("Employee") of Simsbury, Connecticut, as President of the Leasing Company.

         WHEREAS,  the Leasing Company, the Bank, and the Holding Company expect
that Employee's  contributions  and knowledge will continue to be of significant
benefit to the future growth and success of the Bank and the Holding Company;

         WHEREAS,  the Boards of Directors of the Leasing Company, the Bank, and
the Holding  Company  recognize  that a change in control of the Bank and/or the
Holding  Company  may occur and that the threat of such  change in  control  may
create  uncertainty  and may result in the distraction or departure of long term
key personnel to the detriment of the Leasing Company,  the Bank and the Holding
Company and their stockholders;

         WHEREAS,  the Boards have determined that  appropriate  steps should be
taken to reinforce  and  encourage  the  continued  dedication of members of the
Leasing Company's  management,  including Employee,  to their assigned duties in
the face of potential  circumstances  involving the possibility of such a change
in control; and

         NOW  THEREFORE,  in addition  to one dollar  ($1.00) and other good and
valuable  consideration  paid by the Leasing Company to Employee and in order to
induce Employee to continue  employment with the Leasing Company and to continue
to perform  Employee's  duties in a manner which is in the best interests of the
Leasing  Company,  the Bank,  and the Holding  Company  hereby  agree to provide
Employee with certain benefits in the event his/her  employment with the Leasing
Company  terminates  or is  reassigned  subsequent  to a Change in  Control  (as
defined in Section 2 hereof) under the circumstances described below.

         1. Term of Agreement;  Employment  Status.  This  Agreement  shall take
effect  when  signed by all  parties  and shall  remain in full force and effect
until June 1, 2010.  All  employees of the Leasing  Company,  the Bank,  and the
Holding Company,  including  Employee,  are employees at will. The terms of this
Agreement,  therefore,  do not and are not intended to create  either an express
and/or implied contract of employment with the Leasing Company, the Bank, and/or
the Holding Company.  This Agreement simply provides certain potential  benefits

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to  Employee  in the event that a Change in  Control,  as  hereinafter  defined,
occurs prior to June 1, 2010.

         2. Change in Control.  No benefits  shall be payable  hereunder  unless
prior to June 1,  2010,  there  shall have been a Change in Control as set forth
below, and thereafter  within  twenty-four (24) months of such Change in Control
Employee's  employment with the Leasing Company and/or its successor  terminates
or Employee is reassigned in accordance  with Section 3, below.  For purposes of
this  Agreement,  a "Change in Control"  shall mean a change in the ownership or
effective  control of the Bank or the Holding Company,  or in the ownership of a
substantial  portion of the assets of the Bank or the Holding  Company and shall
occur upon the occurrence of any of the following:

         (a) The date that any one person,  or more than one person  acting as a
group,  acquires  ownership  of  stock  that,  together  with  stock  previously
acquired,  constitutes  more than 50% of the total  fair  market  value or total
voting power of the stock of the Bank (other than the Holding  Company),  or the
Holding Company;

         (b) The date that any one person,  or more than one person  acting as a
group,  acquires (or has acquired in the preceding 12-month period) ownership of
stock  possessing  50% or more of the total voting power of the Bank (other than
by the Holding Company), or the Holding Company;

         (c) The date that a majority  of members of the Board of  Directors  of
the Bank or the  Holding  Company  is  replaced  during any  12-month  period by
directors  whose  appointment  or election was not endorsed by a majority of the
members of the Board before the appointment or election; or

         (d) The date that any one person,  or more than one person  acting as a
group,  acquires ownership (or has acquired in the preceding 12-month period) of
assets from the Bank or the Holding  Company that have a total gross fair market
value of 50% or more of the total gross fair  market  value of all of the assets
immediately before such acquisition or acquisitions.  Gross fair market value of
assets  means the fair  value of the  assets  without  regard  to any  liability
associated with such assets.

With respect to the above  description of a "Change in Control," all terms shall
have the meaning set forth as defined in Section  409A of the  Internal  Revenue
Code and Treasury Reg. ss.409A-3(i)(5) thereunder, as amended from time to time.

         3.  Termination  Following  Change  in  Control.  If any of the  events
described  in  Section 2 hereof  constituting  a Change in  Control  shall  have
occurred,  Employee  shall be entitled to the  benefits  provided for in Section
4(a) hereof upon the  Termination of Employment or  Reassignment  (as defined in
this Section 3) of Employee as a senior executive officer of the Leasing Company
or its successor as provided in this Section 3, within  twenty-four  (24) months
after such event,  unless such Termination of Employment or Reassignment is: (i)
by any regulatory  authority (acting with proper  jurisdiction);  or (ii) by the
Board of Directors of the Leasing Company,  the Bank, or the Holding Company for
cause;  or (iii) because of Employee's  death,  retirement or  disability.  Such

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<PAGE>

benefits shall be reduced by the amount of any severance paid to Employee by the
Leasing Company, the Bank, or its successor.

            (a) Retirement; Disability.

                  (i) Termination of Employment by the Leasing Company, based on
retirement  shall mean the  termination  of employment  in  accordance  with the
retirement policy of the Leasing Company, as approved by the Bank, including (at
Employee's  sole  election  and as  set  forth  in  writing)  early  retirement,
generally  applicable  to its  salaried  employees  or in  accordance  with  any
retirement  arrangement  established  with  Employee's  consent  with respect to
Employee.

                  (ii) Termination of employment by the Leasing Company based on
disability  shall mean the Employee  (i) is unable to engage in any  substantial
gainful  activity  by reason of any  medically  determinable  physical or mental
impairment  which can be  expected to result in death or can be expected to last
for a  continuous  period  of not  less  than  twelve  (12)  months;  or (ii) is
receiving  income  replacement  benefits for a period of not less than three (3)
months under an accident and health plan, as approved by the Bank,  and covering
the  employees of the Leasing  Company by reason of any  medically  determinable
physical or mental  impairment  which can be expected to result in death or last
for a continuous  period of at least twelve (12) months.  The Employee  shall be
deemed  disabled if  determined  to be totally  disabled by the Social  Security
Administration.

            (b) Notice of  Termination.  The Leasing  Company agrees that in the
event of a Termination  of Employment it will promptly  furnish  Employee with a
written Notice of Termination.  Any purported  Reassignment of Employee shall be
communicated  by written  Notice of  Termination  to the  Leasing  Company.  For
purposes of this Agreement,  a "Notice of Termination" shall mean a notice which
shall include the specific  termination  provision in this Agreement relied upon
and shall set forth in reasonable detail the facts and circumstances  claimed to
provide a basis for termination of Employee's  employment under the provision so
indicated.

            (c) Date of Termination.  "Date of Termination"  shall mean the date
on which a Notice of  Termination  is given;  provided  that, if within five (5)
days after any Notice of Termination is given,  the party  receiving such Notice
of  Termination  notifies the other party that a dispute  exists  concerning the
termination,  the Date of Termination  shall be the date on which the dispute is
finally  determined,  either by mutual  written  agreement of the parties,  by a
binding and final arbitration award or by a final judgment, order or decree of a
court of competent  jurisdiction  (the time for appeal  therefrom having expired
and no appeal having been perfected).

            (d)  Reassignment.  "Reassignment"  shall mean a  reduction  in base
salary or an involuntary reassignment of Employee's duties, responsibilities, or
benefits  materially  inconsistent with those of Employee prior to the Change in
Control  or  the  involuntary   relocation  of  Employee's  primary  duties  and
responsibilities  to an office or  location  greater  than fifty (50) miles from
Litchfield,  Connecticut  or action which results in a significant  worsening of

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the Employee's  work  conditions  (including,  but not limited to, a significant
change  in  employment   duties,   responsibilities,   required  work  hours  or
otherwise).

            4. Compensation Upon Termination or Reassignment.

            (a) If, within twenty-four (24) months after a Change in Control, as
defined in Section 2 hereof,  shall have  occurred,  there is a  Termination  of
Employment  or  Reassignment  of  Employee as defined in Section 3 (except by an
agency acting with proper jurisdiction,  or by a board of directors for cause or
as a result  of death,  retirement  or  disability),  then the Bank  and/or  its
successor  shall pay  Employee  (i) if Employee  is a  "Specified  Employee"  as
defined in Section  409A(a)(2)(B)(i)  of the Internal  Revenue Code, on the date
which is six (6) months after the Date of Termination or (ii) if Employee is not
a  Specified  Employee  as  defined,  within  five  (5) days  after  the Date of
Termination,  or in each case as soon  thereafter as is  practicable,  an amount
equal to the sum of:

                  (i) Two (2) years of Employee's annual compensation based upon
the most recent  aggregate base salary paid to Employee in the twelve (12) month
period  immediately  preceding his/her  termination or reassignment less amounts
previously paid to Employee from the date of Change in Control; plus,

                  (ii) Reasonable  legal fees and expenses  incurred by Employee
as a result of such  Termination  of Employment or  Reassignment  (including all
such fees and  expenses,  if any,  incurred in  contesting or disputing any such
Termination of Employment or Reassignment or in seeking to obtain or enforce any
right or benefit provided for by this Agreement).

            (b)  Employee  shall not be required  to mitigate  the amount of any
payment provided for in this Section 4 by seeking other employment or otherwise,
nor shall the amount of any payment provided for in this Section 4 be reduced by
any  compensation  earned by  Employee  as the result of  employment  by another
employer after the Date of Termination, or otherwise.

            (c) It is the  intention  of the parties to this  Agreement  that no
payments by the Leasing  Company,  the Bank, or the Holding  Company,  to or for
Employee's  benefit under this Agreement shall be  non-deductible to the Leasing
Company, the Bank, or the Holding Company, by reason of the operation of Section
280G of the  Internal  Revenue  Code.  Accordingly,  notwithstanding  any  other
provision  hereof,  if by reason of the  operation  of said  Section 280G of the
Internal Revenue Code, any such payments exceed the amount which can be deducted
by the Leasing  Company,  the Bank, or the Holding  Company,  the amount of such
payments  shall be reduced to the  maximum  which can be deducted by the Leasing
Company,  the Bank or the Holding Company. To the extent that payments in excess
of the amount  which can be deducted by the Leasing  Company,  the Bank,  or the
Holding  Company,  have been made to and for Employee's  benefit,  they shall be
refunded with interest at the applicable  rate provided under Section 1274(d) of
the  Internal  Revenue  Code,  or at such other rate as may be required in order
that no such  payment  to or for  Employee's  benefit  shall be  non-deductible,
pursuant  to Section  280G of the  Internal  Revenue  Code.  Any  payments  made
hereunder  which are not  deductible  by the Leasing  Company,  the Bank, or the
Holding  Company,  as a result of losses which have been carried  forward by the

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Leasing  Company,  the Bank,  or the Holding  Company,  for Federal tax purposes
shall not be deemed a non-deductible amount for purposes of this Section 4(c).

         5.  Continuation  of  Insurance  Benefits.  Notwithstanding  any  other
provision in this  Agreement to the  contrary,  the Leasing  Company,  the Bank,
and/or its  successor  shall  maintain  in full force and effect for  Employee's
continued  benefit,  for the two (2) year  period  beginning  upon a  Change  in
Control,  all life  insurance,  medical,  health  and  accident  and  disability
policies, plans, programs or arrangements which were in effect immediately prior
to the Change in Control.

         6. Successors; Binding Agreement.

         (a) The  Bank  and the  Holding  Company  will  require  any  successor
(whether direct or indirect, by purchase, merger, consolidation,  acquisition of
assets or assumption of liabilities or otherwise to all or substantially  all of
the business and/or assets and/or deposits of the Bank or the Holding  Company),
by  agreement,  to expressly  assume and agree to perform this  Agreement in the
same manner and to the same extent that the Bank would be required to perform it
if no such  succession  had taken place.  Failure of the Bank and/or the Holding
Company  to  obtain  such  agreement  prior  to the  effectiveness  of any  such
succession  shall be a breach of this  Agreement and shall  entitle  Employee to
compensation  from the Bank in the same amount and on the same terms as he would
be entitled to hereunder if his/her  employment  had terminated as a result of a
Termination  of  Employment  or  Reassignment,  as provided in Section 3 hereof,
after a  Change  in  Control,  except  that for  purposes  of  implementing  the
foregoing,  the date on which any such  succession  becomes  effective  shall be
deemed the Date of Termination. As used in this Agreement, "Bank" shall mean the
Bank as  hereinbefore  defined and any successor to the business,  assets and/or
deposits as aforesaid which executes and delivers the agreement  provided for in
this Section 6 or which otherwise  becomes bound by all the terms and provisions
of this Agreement by operation of Law.

         (b) This Agreement  shall inure to the benefit of and be enforceable by
Employee's  personal  or  legal  representatives,   executors,   administrators,
successors,  heirs, distributees,  devisees and legatees. If Employee should die
after any rights to receive the  amounts  contemplated  hereby  have  accrued to
Employee  but before  such  amounts  have been paid,  all such  amounts,  unless
otherwise  provided  herein,  shall be paid in accordance with the terms of this
Agreement to his/her devisee,  legatee or other designee or, if there be no such
designee, to Employee's estate.

         7. Notices. All notices and other  communications  provided for in this
Agreement  shall be in writing  and shall be deemed to have been duly given when
delivered or mailed by United States registered mail, return receipt  requested,
postage  prepaid,  addressed to the respective  addresses set forth on the first
page of this Agreement,  provided that all notices to the Leasing  Company,  the
Bank,  and the Holding  Company  shall be directed to the attention of the Board
with a copy to the Chairman of the Board of the Leasing Company, the Chairman of
the Board of the Bank,  and the Chairman of the Board of the Holding  Company or
to such other address as either party may have furnished to the other in writing
in  accordance  herewith,  except  that  notice of change  of  address  shall be
effective only upon receipt.

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<PAGE>

         8.  Miscellaneous.  No  provision  of this  Agreement  may be modified,
waived or discharged unless such waiver,  modification or discharge is agreed to
in writing and signed by Employee and such other officer as may be  specifically
designated  by the  Board of the  Leasing  Company,  the  Bank,  or the  Holding
Company. No waiver by either party hereto at any time of any breach by the other
or failure to comply with any  condition or  provision  of this  Agreement to be
performed by such other party shall be deemed a waiver of similar or  dissimilar
provisions  or  conditions  at the same or at any prior or  subsequent  time. No
agreements  or  representations,  oral or  otherwise,  express or implied,  with
respect to the subject  matter  hereof have been made by either  party which are
not  expressly  set  forth  in this  Agreement.  The  validity,  interpretation,
construction  and performance of this Agreement shall be governed by the laws of
the State of Connecticut and of the United States of America.

         9.  Validity.  The invalidity or  unenforceability  of any provision of
this  Agreement  shall not affect the  validity or  enforceability  of any other
provision of this Agreement, which shall remain in full force and effect.

         10.   Administration  and  Interpretation.   This  Agreement  shall  be
administered  in a  manner,  and all  provisions  of  this  Agreement  shall  be
interpreted to be, compliant with the provisions of Section 409A of the Internal
Revenue  Code,  and  regulations  and rulings  issued  thereunder,  so as not to
subject  the  benefits  accruing  hereunder  to  taxation  pursuant  to  Section
409A(a)(1) of the Internal Revenue Code.

         11.   Counterparts.   This   Agreement   may  be  executed  in  several
counterparts,  each of which shall be deemed to be an original  but all of which
together will constitute one and the same instrument.

         12.  Arbitration.  Any  dispute  or  controversy  arising  under  or in
connection  with this Agreement  shall be settled  exclusively by arbitration in
Litchfield,   Connecticut,   in  accordance  with  the  rules  of  the  American
Arbitration Association then in effect. Notwithstanding the pendency of any such
dispute  or  controversy,  the Bank or the  Holding  Company  will pay  Employee
promptly an amount equal to Employee's  full  scheduled  compensation  in effect
when the notice giving rise to the dispute was given (including, but not limited
to, base salary) and provide Employee with all scheduled compensation,  benefits
and  insurance  plans in which he/she was  participating  when the notice giving
rise to the  dispute  was  given,  until the  dispute  is  finally  resolved  in
accordance  with  Section 3 hereof.  Amounts  paid under this  Section 12 are in
addition to all other  amounts due under this  Agreement and shall not be offset
against or reduce any other  amounts due under this  Agreement.  Judgment may be
entered on the arbitrator's  award in any court having  jurisdiction;  provided,
however,  that  Employee  shall be  entitled  to seek  specific  performance  of
Employee's right to be paid until the Date of Termination during the pendency of
any dispute or controversy arising under or in connection with this Agreement.

         13. Entire Agreement.  This Agreement  constitutes the entire agreement
between the Bank,  the Holding  Company,  and the Employee on the subject matter
hereof and constitutes the entire  agreement  between the Leasing  Company,  the
Bank, the Holding  Company and the Executive on the subject  matter  hereof.  No

                                       96
<PAGE>

rights are granted to the Executive by virtue of this Agreement other than those
specifically set forth herein.

      Agreed to this 9th day of February, 2009, by and among Executive and First
National Bank of Litchfield and First Litchfield Financial Corporation.

                                          THE FIRST NATIONAL BANK OF LITCHFIELD

                                          /s/ JOSEPH J. GRECO
                                          By:  Joseph J. Greco
                                          Its:  President
                                          Duly Authorized

                                          FIRST LITCHFIELD FINANCIAL CORPORATION

                                          /s/ JOSEPH J. GRECO
                                          By:  Joseph J. Greco
                                          Its:  President
                                          Duly Authorized

                                          FIRST LITCHFIELD LEASING CORPORATION

                                          /s/ JOSEPH J. GRECO
                                          By:  Joseph J. Greco
                                          Its:  Director
                                          Duly Authorized

                                          EMPLOYEE

                                          /s/ GLENN R. MASON
                                          Glenn R. Mason

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<PAGE>

STATE OF CONNECTICUT )
                     ) ss: Litchfield
COUNTY OF LITCHFIELD )

         On  the  11th  day of  February,  2009,  before  me,  the  undersigned,
personally  appeared  JOSEPH  J.  GRECO,  who  acknowledged  himself  to be  the
President of FIRST  NATIONAL BANK OF LITCHFIELD and FIRST  LITCHFIELD  FINANCIAL
CORPORATION,  and that he as such President, being authorized so to do, executed
the foregoing instrument for the purposes therein contained by signing his name.

      In Witness Whereof, I hereunto set my hand.

                                       /s/ MICHELLE L. QUIGLEY
                                           Notary Public
                                           My Commission Expires: March 31, 2012

STATE OF CONNECTICUT )
                     ) ss: Litchfield
COUNTY OF LITCHFIELD )

         On  the  11th  day of  February,  2009,  before  me,  the  undersigned,
personally  appeared JOSEPH J. GRECO, who acknowledged  himself to be a Director
of FIRST LITCHFIELD LEASING  CORPORATION,  and that he, as such Director,  being
authorized so to do, executed the foregoing  instrument for the purposes therein
contained by signing his name.

      In Witness Whereof, I hereunto set my hand.

                                       /s/ MICHELLE L. QUIGLEY
                                           Notary Public
                                           My Commission Expires: March 31, 2012

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<PAGE>

STATE OF CONNECTICUT  )
                      ) ss.: Torrington
COUNTY OF  LITCHFIELD )

         On this the 9th day of  February,  2009,  before  me,  the  undersigned
officer,  personally  appeared,  GLENN R. MASON,  known to me or  satisfactorily
proven to be the person  signing the foregoing  document and  acknowledged  that
he/she executed the same for the purposes therein  contained as his free act and
deed.

      In Witness Whereof, I hereunto set my hand.

                                    /s/ AMY E. OUELLETTE
                                        Notary Public
                                        My Commission Expires: January 31, 2013

                                       99

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