Western New England Bancorp, Inc. Sample Contracts

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COMMON SHARES (Par Value $.01 Per Share)
Agency Agreement • November 1st, 2001 • Westfield Financial Inc • Savings institution, federally chartered • New York
AGREEMENT
Change of Control Agreement • October 29th, 2007 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts
REGIONAL PROTOTYPE CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST Sponsored by SBERA
Adoption Agreement • November 9th, 2001 • Westfield Financial Inc • Savings institution, federally chartered
EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2024 • Western New England Bancorp, Inc. • Savings institution, federally chartered • Massachusetts

This EMPLOYMENT AGREEMENT ("the Agreement") is made and entered into as of February 22, 2024 (the "Effective Date") by and between WESTFIELD BANK, a federally-chartered savings bank having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the "Bank") and JOHN E. BONINI (the "Executive").

ONE-YEAR CHANGE OF CONTROL AGREEMENT
Change of Control Agreement • March 10th, 2023 • Western New England Bancorp, Inc. • Savings institution, federally chartered • Massachusetts

This CHANGE OF CONTROL AGREEMENT (the “Agreement”) is made and entered into as of January 1, 2022 by and among WESTFIELD BANK, a federally chartered savings bank having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the “Bank”), WESTERN NEW ENGLAND BANCORP, INC., a business corporation organized and existing under the laws of the Commonwealth of Massachusetts and having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the “Company”) and Daniel A. Marini (the “Officer”).

EMPLOYMENT AGREEMENT
Employment Agreement • February 8th, 2018 • Western New England Bancorp, Inc. • Savings institution, federally chartered • Massachusetts

This EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of February 7, 2018 (the “Effective Date”) by and between WESTERN NEW ENGLAND BANCORP, INC., a business corporation organized and existing under the laws of the Commonwealth of Massachusetts and having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the “Company”) and GUIDA R. SAJDAK (the “Executive”).

WESTERN NEW ENGLAND BANCORP, INC.
Non-Qualified Stock Option Agreement • May 19th, 2021 • Western New England Bancorp, Inc. • Savings institution, federally chartered

Western New England Bancorp, Inc., a Massachusetts corporation (the “Company”), hereby grants an option (the “Option”) to purchase shares of the Company’s common stock, $0.01 par value per share (the “Stock”), to the Optionee named below, subject to the terms and conditions set forth in this cover sheet, in the attached Non-Qualified Stock Option Agreement (together with the cover sheet, the “Agreement”), and in the Company’s 2021 Omnibus Incentive Plan (as it may be amended from time to time, the “Plan”).

WESTERN NEW ENGLAND BANCORP, INC.
Incentive Stock Option Agreement • May 19th, 2021 • Western New England Bancorp, Inc. • Savings institution, federally chartered

Western New England Bancorp, Inc., a Massachusetts corporation (the “Company”), hereby grants an option (the “Option”) to purchase shares of the Company’s common stock, $0.01 par value per share (the “Stock”), to the Optionee named below, subject to the terms and conditions set forth in this cover sheet, in the attached Incentive Stock Option Agreement (together with the cover sheet, the “Agreement”), and in the Company’s 2021 Omnibus Incentive Plan (as it may be amended from time to time, the “Plan”).

WESTERN NEW ENGLAND BANCORP, INC.
Long-Term Incentive and Retention Equity Award Agreement • May 30th, 2017 • Western New England Bancorp, Inc. • Savings institution, federally chartered

Western New England Bancorp, Inc. (the “Company”), hereby grants shares of Common Stock of the Company, $.01 par value per share (the “Shares”), to the individual named below as the Grantee, subject to the terms and conditions set forth in this cover sheet, in the attached Employee Long Term Incentive and Retention Equity Award Agreement (together, the “Agreement”) and in the Company’s 2014 Omnibus Incentive Plan (the “Plan”).

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • October 25th, 2019 • Western New England Bancorp, Inc. • Savings institution, federally chartered

This First Amendment to the Employment Agreement (the “First Amendment”), dated October 22, 2019 (the “Effective Date”), is entered into by and between WESTFIELD BANK, a federally chartered savings bank (the “Bank”) and William J. Wagner (the “Executive”).

AGREEMENT
Mortgage Originator Agreement • October 13th, 2006 • Westfield Financial Inc • Savings institution, federally chartered

This agreement made as of the second day of August, 2004 by and between WESTFIELD BANK, of the Town of Westfield, and Commonwealth of Massachusetts (hereinafter referred to as “Westfield”) and VILLAGE MORTGAGE COMPANY, of the Town of Torrington, County of Litchfield and State of Connecticut (hereinafter referred to as “Village”).

EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2024 • Western New England Bancorp, Inc. • Savings institution, federally chartered • Massachusetts

This EMPLOYMENT AGREEMENT (“the Agreement”) is made and entered into as of February 22, 2024 (the “Effective Date”) by and between WESTFIELD BANK, a federally-chartered savings bank having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the “Bank”) and CHRISTINE PHILLIPS (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • March 10th, 2023 • Western New England Bancorp, Inc. • Savings institution, federally chartered • Massachusetts

This EMPLOYMENT AGREEMENT (“the Agreement”) is made and entered into as of January 1, 2021 (the “Effective Date”) by and between WESTERN NEW ENGLAND BANCORP, INC., a business corporation organized and existing under the laws of the Commonwealth of Massachusetts and having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the “Company”) and FILIPE B. GONCALVES (the “Executive”).

WESTERN NEW ENGLAND BANCORP, INC.
Long-Term Incentive and Retention Equity Award Agreement • May 19th, 2021 • Western New England Bancorp, Inc. • Savings institution, federally chartered

Western New England Bancorp, Inc., a Massachusetts corporation (the “Company”), hereby grants shares of the Company’s common stock, $0.01 par value per share (the “Stock”), to the Grantee named below, subject to the terms and conditions set forth in this cover sheet, in the attached Long-Term Incentive and Retention Equity Award Agreement (together with the cover sheet, the “Agreement”), and in the Company’s 2021 Omnibus Incentive Plan (as it may be amended from time to time, the “Plan”).

WESTFIELD FINANCIAL, INC.
Restricted Stock Agreement • August 7th, 2014 • Westfield Financial Inc • Savings institution, federally chartered

Westfield Financial, Inc., a Massachusetts corporation (the “Company”), hereby grants (the “Grant”) shares of its common stock, $0.01 par value per share (the “Stock”), to the Grantee named below, subject to the vesting and other conditions set forth below. Additional terms and conditions of the Grant are set forth in this cover sheet and in the attached Restricted Stock Agreement (collectively, the “Agreement”) and in the Company’s 2014 Omnibus Incentive Plan (as amended from time to time, the “Plan”).

AGREEMENT AND PLAN OF MERGER DATED AS OF APRIL 4, 2016 BY AND BETWEEN WESTFIELD FINANCIAL, INC. AND CHICOPEE BANCORP, INC.
Merger Agreement • April 7th, 2016 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts

This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is dated as of April 4, 2016, by and between Westfield Financial, Inc., a Massachusetts corporation (“WFD”), and Chicopee Bancorp, Inc., a Massachusetts corporation (“CBNK”).

EMPLOYMENT AGREEMENT
Employment Agreement • June 24th, 2016 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts

This EMPLOYMENT AGREEMENT (“the Agreement”) is made and entered into as of April 4, 2016 (the “Effective Date”) by and between WESTFIELD BANK, a federally-chartered savings bank having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the “Bank”) and DARLENE M. LIBISZEWSKI (the “Executive”).

LOAN AGREEMENT by and between EMPLOYEE STOCK OWNERSHIP PLAN TRUST of WESTFIELD FINANCIAL, INC. and NEW WESTFIELD FINANCIAL, INC. Made and Entered Into as of January 3, 2007
Loan Agreement • January 8th, 2007 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts

This LOAN AGREEMENT (“Loan Agreement”) is made and entered into as of the 3rd day of January, 2007, by and between the EMPLOYEE STOCK OWNERSHIP PLAN TRUST OF WESTFIELD FINANCIAL, INC. (“Borrower”), a trust forming part of the Employee Stock Ownership Plan of Westfield Financial, Inc. (“ESOP”), acting through and by its Trustee, FIRST BANKERS TRUST SERVICES, INC. (“Trustee”), a corporation having an office at 2321 Kochs Lane, P.O. Box 4005, Quincy, Illinois 62305-4005; and NEW WESTFIELD FINANCIAL, INC. (“Lender”), a Massachusetts-chartered corporation, having an office at 141 Elm Street, Westfield, Massachusetts 01085.

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WESTERN NEW ENGLAND BANCORP, INC.
Long-Term Incentive and Retention Equity Award Agreement • February 5th, 2018 • Western New England Bancorp, Inc. • Savings institution, federally chartered

Western New England Bancorp, Inc. (the “Company”), hereby grants shares of Common Stock of the Company, $.01 par value per share (the “Shares”), to the individual named below as the Grantee, subject to the terms and conditions set forth in this cover sheet, in the attached Employee Long Term Incentive and Retention Equity Award Agreement (together, the “Agreement”) and in the Company’s 2014 Omnibus Incentive Plan (the “Plan”).

WESTERN NEW ENGLAND BANCORP, INC.
Restricted Stock Agreement • May 19th, 2021 • Western New England Bancorp, Inc. • Savings institution, federally chartered

Western New England Bancorp, Inc., a Massachusetts corporation (the “Company”), hereby grants restricted shares (the “Restricted Stock”) of the Company’s common stock, $0.01 par value per share (the “Stock”), to the Grantee named below, subject to the terms and conditions set forth in this cover sheet, in the attached Restricted Stock Agreement (together with the cover sheet, the “Agreement”), and in the Company’s 2021 Omnibus Incentive Plan (as it may be amended from time to time, the “Plan”).

SETTLEMENT AGREEMENT
Settlement Agreement • June 24th, 2016 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts

This Settlement Agreement (the “Agreement”) is entered into as of April 4, 2016 by and among Cidalia Inacio (the “Executive”), Westfield Financial, Inc., a bank holding company (“Buyer”), Westfield Bank, a wholly-owned subsidiary of Buyer (“Buyer Bank”), Chicopee Bancorp, Inc., a bank holding company (“Seller”), and Chicopee Savings Bank, a wholly-owned subsidiary of Seller (“Seller Bank”).

SETTLEMENT AGREEMENT
Settlement Agreement • June 24th, 2016 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts

This Settlement Agreement (the “Agreement”) is entered into as of April 4, 2016 by and among William J. Wagner (the “Executive”), Westfield Financial, Inc., a bank holding company (“Buyer”), Westfield Bank, a wholly-owned subsidiary of Buyer (“Buyer Bank”), Chicopee Bancorp, Inc., a bank holding company (“Seller”), and Chicopee Savings Bank, a wholly-owned subsidiary of Seller (“Seller Bank”).

EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2024 • Western New England Bancorp, Inc. • Savings institution, federally chartered • Massachusetts

This EMPLOYMENT AGREEMENT (“the Agreement”) is made and entered into as of February 22, 2024 (the “Effective Date”) by and between WESTERN NEW ENGLAND BANCORP, INC., a business corporation organized and existing under the laws of the Commonwealth of Massachusetts and having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the “Company”) and JOHN E. BONINI (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • March 8th, 2024 • Western New England Bancorp, Inc. • Savings institution, federally chartered • Massachusetts

This EMPLOYMENT AGREEMENT ("the Agreement") is made and entered into as of February 22, 2024 (the "Effective Date") by and between WESTERN NEW ENGLAND BANCORP, INC., a business corporation organized and existing under the laws of the Commonwealth of Massachusetts and having an office at 141 Elm Street, Westfield, Massachusetts 01085 (the "Company") and CHRISTINE PHILLIPS (the "Executive").

SETTLEMENT AGREEMENT
Settlement Agreement • June 24th, 2016 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts

This Settlement Agreement (the “Agreement”) is entered into as of April 4, 2016 by and among Russell J. Omer (the “Executive”), Westfield Financial, Inc., a bank holding company (“Buyer”), Westfield Bank, a wholly-owned subsidiary of Buyer (“Buyer Bank”), Chicopee Bancorp, Inc., a bank holding company (“Seller ”), and Chicopee Savings Bank, a wholly-owned subsidiary of Seller (“Seller Bank”).

SETTLEMENT AGREEMENT
Settlement Agreement • June 24th, 2016 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts

This Settlement Agreement (the “Agreement”) is entered into as of April 4, 2016 by and among Guida R. Sajdak (the “Executive”), Westfield Financial, Inc., a bank holding company (“Buyer”), Westfield Bank, a wholly-owned subsidiary of Buyer (“Buyer Bank”), Chicopee Bancorp, Inc., a bank holding company (“Seller”), and Chicopee Savings Bank, a wholly-owned subsidiary of Seller (“Seller Bank”).

WESTERN NEW ENGLAND BANCORP, INC.
Director Incentive Award Agreement • May 19th, 2021 • Western New England Bancorp, Inc. • Savings institution, federally chartered

Western New England Bancorp, Inc., a Massachusetts corporation (the “Company”), hereby grants restricted shares (the “Restricted Stock”) of the Company’s common stock, $0.01 par value per share (the “Stock”), to the Grantee named below, subject to the terms and conditions set forth in this cover sheet, in the attached Director Incentive Award Agreement (together with the cover sheet, the “Agreement”), and in the Company’s 2021 Omnibus Incentive Plan (as it may be amended from time to time, the “Plan”).

SETTLEMENT AGREEMENT
Settlement Agreement • June 24th, 2016 • Westfield Financial Inc • Savings institution, federally chartered • Massachusetts

This Settlement Agreement (the “Agreement”) is entered into as of April 4, 2016 by and among Maria J.C. Aigner (the “Executive”), Westfield Financial, Inc., a bank holding company (“Buyer”), Westfield Bank, a wholly-owned subsidiary of Buyer (“Buyer Bank”), Chicopee Bancorp, Inc., a bank holding company (“Seller”), and Chicopee Savings Bank, a wholly-owned subsidiary of Seller (“Seller Bank”).

SUBORDINATED NOTE PURCHASE AGREEMENT
Subordinated Note Purchase Agreement • April 20th, 2021 • Western New England Bancorp, Inc. • Savings institution, federally chartered • New York

This SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of April 20, 2021, and is made by and among Western New England Bancorp, Inc. (“Issuer”), and each of the noteholders named on Schedule I hereto (each a “Noteholder” and together, the “Noteholders”). Capitalized terms that are not otherwise defined shall have the meanings set forth in Section 1 hereof.

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