FORM OF INCENTIVE STOCK OPTION AWARD AGREEMENTIncentive Stock Option Award Agreement • June 6th, 2024 • First Seacoast Bancorp, Inc. • Savings institution, federally chartered
This stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2024 Equity Incentive Plan (the “Plan”) of First Seacoast Bancorp, Inc. (the “Company”), which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and related prospectus have been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee appointed to administer the Plan (the “Committee”) or the Board of Directors will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company” includes the parent and
FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENTNon-Qualified Stock Option Award Agreement • June 6th, 2024 • First Seacoast Bancorp, Inc. • Savings institution, federally chartered
This stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2024 Equity Incentive Plan (the “Plan”) of First Seacoast Bancorp, Inc. (the “Company”), which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and related prospectus have been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee appointed to administer the Plan (the “Committee”) or the Board of Directors will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company” includes the parent and
EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc. • New Hampshire
This Employment Agreement (this “Agreement”) is made effective as of March 1, 2019 (the “Effective Date”), by and between Federal Savings Bank, a federally-chartered savings bank (the “Bank”), and Timothy F. Dargan (the “Executive”). The Bank and the Executive are sometimes collectively referred to herein as the “parties.” Any reference to the “Company” shall mean First Seacoast Bancorp, the proposed federal mid-tier holding company of the Bank, which is in formation. The Company is a signatory to this Agreement solely as provided for in Section 12 of this Agreement.
June 8, 2022Appraisal Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc.
This letter sets forth the agreement (“Agreement”) between First Seacoast Bancorp (the “Company”) and Feldman Financial Advisors, Inc. (“FFA”), whereby the Company has engaged FFA to provide an independent appraisal of the estimated aggregate pro forma market value (the “Valuation”) of the Company in connection with the conversion of the Company from the mutual holding company structure to a fully stock holding company structure and concurrent second-step stock offering by a newly formed stock holding company (the “Conversion”). First Seacoast Bancorp, MHC currently owns a majority of the outstanding common stock of the Company, which owns all of the outstanding common stock of First Seacoast Bank.
August 22, 2022 First Seacoast Bancorp, MHC First Seacoast Bancorp First Seacoast BankFinancial Advisory Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc. • New York
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc.
This Amendment is made as of this 16th day of July, 2019 (the “Amendment”), by and between First Seacoast Bank, a federally-chartered savings bank (the “Bank”), and Richard M. Donovan (the “Executive”). Any reference to the “Company” shall mean First Seacoast Bancorp, the federal mid-tier holding company of the Bank. The Company is a signatory to this Amendment solely as provided for in Section 12 of the Agreement (as hereinafter defined). Capitalized terms which are not defined herein shall have the meaning ascribed to them in the Agreement.
MASTER LEASE by and between FNLR 1SEA LLC, as Landlord, and FIRST SEACOAST BANK, as TenantMaster Lease • June 17th, 2024 • First Seacoast Bancorp, Inc. • Savings institution, federally chartered • New Hampshire
This MASTER LEASE (this “Master Lease”) is entered into as of June 11, 2024 (the “Effective Date”), by and between FNLR 1SEA LLC, a Delaware limited liability company (together with its successors and assigns, collectively, jointly and severally, “Landlord”), and FIRST SEACOAST BANK, a federally chartered savings bank (together with their permitted successors and assigns, collectively, jointly and severally, “Tenant”).
GUARANTY OF LEASEGuaranty of Lease • June 17th, 2024 • First Seacoast Bancorp, Inc. • Savings institution, federally chartered
This Guaranty of Lease (the “Guaranty”) is executed as of June 11, 2024, by FIRST SEACOAST BANCORP, INC., a Maryland corporation (together with its successors and permitted assigns, “Guarantor”), in favor of FNLR 1SEA LLC, a Delaware limited liability company (“Landlord”) with reference to the following facts:
FORM OF RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • June 6th, 2024 • First Seacoast Bancorp, Inc. • Savings institution, federally chartered
This restricted stock agreement (“Restricted Stock Award” or “Agreement”) is and will be subject in every respect to the provisions of the 2024 Equity Incentive Plan (the “Plan”) of First Seacoast Bancorp, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and related prospectus have been provided or made available to each person granted a Restricted Stock Award pursuant to the Plan. The holder of this Restricted Stock Award (the “Participant”) hereby accepts this Restricted Stock Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee appointed to administer the Plan (the “Committee”) or the Board of Directors will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except w
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc.
This Amendment is made as of this 16th day of July, 2019 (the “Amendment”), by and between First Seacoast Bank, a federally-chartered savings bank (the “Bank”), and James R. Brannen (the “Executive”). Any reference to the “Company” shall mean First Seacoast Bancorp, the federal mid-tier holding company of the Bank. The Company is a signatory to this Amendment solely as provided for in Section 12 of the Agreement (as hereinafter defined). Capitalized terms which are not defined herein shall have the meaning ascribed to them in the Agreement.
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • September 13th, 2022 • First Seacoast Bancorp, Inc.
This Amendment is made as of this 16th day of July, 2019 (the “Amendment”), by and between First Seacoast Bank, a federally-chartered savings bank (the “Bank”), and Timothy F. Dargan (the “Executive”). Any reference to the “Company” shall mean First Seacoast Bancorp, the federal mid-tier holding company of the Bank. The Company is a signatory to this Amendment solely as provided for in Section 12 of the Agreement (as hereinafter defined). Capitalized terms which are not defined herein shall have the meaning ascribed to them in the Agreement.
