MSB BANK
SPECIAL TERMINATION AGREEMENT
This AGREEMENT is made effective as of March 21, 1997 by and
among MSB Bank (the "Bank"), a federally chartered savings institution, with its
principal administrative office at 00 Xxxxxxxx Xxxxxx, Xxxxxx, Xxx Xxxx, MSB
Bancorp, Inc. (the "Holding Company"), a corporation organized under the laws of
the State of Delaware which is the holding company for the Bank, and Xxxxxxxxx
Xxxxxxxxxxx (the "Executive").
WHEREAS, the Bank recognizes the substantial contribution
Executive has made to the Bank and wishes to protect Executive's position
therewith for the period provided in this Agreement; and
WHEREAS, Executive has been elected to and has agreed to serve
in the position of Vice President - Finance and Controller for the Bank, a
position of substantial responsibility.
NOW, THEREFORE, in consideration of the contribution and
responsibilities of Executive, and upon the other terms and conditions
hereinafter provided, the parties hereto agree as follows:
1. TERM OF AGREEMENT.
(a) The term of this Agreement shall be deemed to have commenced as of
the date first above written and shall end on the later of March 20, 1999 or
(ii) the last day of any extensions of the term of this Agreement that are
provided pursuant to Section 1(b) or Section 1(c).
(b) Except as provided in Section 1(c), the term of this Agreement
shall be automatically extended for one (1) additional day each day following
March 21, 1997, unless either Executive or the Bank elects not to extend the
term of this Agreement further by giving written notice to the other party, in
which case the term of this Agreement shall be fixed and shall end on the later
of the last day of the term of this Agreement or the third anniversary of the
date such written notice is given.
(c) In the event of a Change in Control as defined in Section 2(b) of
this Agreement, Section 1(b) shall no longer be applicable, and, notwithstanding
any notice given pursuant to such Section 1(b), the term of this Agreement shall
be automatically extended to the third anniversary of the date on which such
Change in Control occurs, and shall be further extended automatically for one
(1) additional day each day following such Change in Control, unless either
Executive or the Bank elects not to extend the term of this Agreement further by
giving written notice to the other party, in which case the term of this
Agreement shall become fixed
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and shall end on the later of the last day of the term of this Agreement or the
third anniversary of the date such written notice is given.
(d) Notwithstanding anything herein contained to the contrary: (i)
Executive's employment with the Bank may be terminated during the term of this
Agreement, subject to the terms and conditions of this Agreement; and (ii)
nothing in this Agreement shall mandate or prohibit a continuation of
Executive's employment following the expiration of the term of this Agreement
upon such terms and conditions as the Bank and Executive may mutually agree
upon.
(e) Upon the termination of Executive's employment with the Bank, any
daily extensions provided pursuant to Sections 1(b) or 1(c) shall cease (if such
extensions have not previously ceased).
2. PAYMENTS TO EXECUTIVE UPON CHANGE IN CONTROL.
(a) Upon the occurrence of a Change in Control of the Bank or the
Holding Company (as herein defined) followed at any time during the term of this
Agreement by the voluntary (for any of the bases set forth below) or involuntary
termination of Executive's employment, other than a Termination for Cause (as
defined in Section 2(c) hereof) or a termination due to Executive's death or
Disability (as defined in Section 4 hereof), the provisions of Section 3 shall
apply. Upon the occurrence of a Change in Control, Executive shall have the
right to elect to voluntarily terminate his employment at any time during the
term of this Agreement following any (i) demotion, (ii) loss of title, office or
significant authority, (iii) reduction in his annual compensation, (iv)
relocation of his principal place of employment by more than 30 miles from its
location immediately prior to the Change in Control, (v) material adverse change
in Executive's working conditions as in effect immediately prior to the Change
in Control (including, but not limited to, a change in office size or location,
secretarial or support staff availability, or office equipment and furniture),
or (vi) failure to continue to provide Executive with the vacation benefits and
coverage under the pension plans, dental plans, life insurance plans, or health,
accident or disability plans in which Executive was participating immediately
prior to the Change in Control, or with benefits or coverage under a plan or
plans providing benefits that are substantially the same as the benefits
provided to the Executive immediately prior to the Change in Control.
(b) Definition of a Change in Control. No benefit shall be payable
under this Section 2 unless there shall have been a Change in Control of the
Bank or Holding Company, as set forth below. For purposes of this Agreement, a
"Change in Control" of the Bank or Holding Company shall mean an event of a
nature that: (i) would be required to be reported in response to Item 1 of the
current report on Form 8-K, as in effect on the date hereof, pursuant to Section
13 or 15(d) of the Securities Exchange Act of 0000 (xxx "Xxxxxxxx Xxx"); or (ii)
results in a Change of Control of the Bank or Holding Company within the meaning
of the Change in Bank
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Control Act and the rules and regulations promulgated thereunder by the
appropriate federal banking agency, as in effect on the date hereof; or (iii)
results in a transaction requiring prior Federal Reserve Board ("FRB") approval
under the Bank Holding Company Act of 1956 and the regulations promulgated
thereunder by the FRB, as in effect on the date hereof; or (iv) results in a
transaction requiring prior Office of Thrift Supervision ("OTS") approval under
the Home Owners' Loan Act and the regulations promulgated thereunder by the OTS,
as in effect on the date hereof. Without limiting the foregoing, a Change in
Control shall be deemed to have occurred at such time as (A) any "person" (as
the term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes
the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of the Bank or the Holding Company
representing 20% or more of the Bank's or the Holding Company's outstanding
securities except for any securities of the Bank purchased by the Holding
Company in connection with the conversion of the Bank to the stock form and any
securities purchased by the Bank's Employee Stock Ownership Plan ("ESOP") and
trust; or (B) individuals who constitute the Board of Directors of the Holding
Company or the Board of Directors of the Bank on the date hereof (the "Incumbent
Board") cease for any reason to constitute at least a majority thereof, provided
that any person becoming a director subsequent to the date hereof whose election
was approved by a vote of at least three-quarters of the directors comprising
the Incumbent Board, or whose nomination for election by the Holding Company's
stockholders was approved by the Nominating Committee serving under the
Incumbent Board, shall be, for purposes of this clause (B), considered as though
he were a member of the Incumbent Board; or (C) a plan of reorganization,
merger, consolidation, or sale of all or substantially all the assets of the
Bank or the Holding Company becomes effective, or a similar transaction occurs
in which the Bank or Holding Company is not the resulting entity; or (D) a plan
of reorganization, merger or consolidation of the Holding Company or Bank or
similar transaction with one or more corporations, which will result in the
outstanding shares of the class of securities then subject to such plan or
transaction being exchanged for or converted into cash or property or securities
not issued by the Bank or the Holding Company, is approved by the stockholders
of the Holding Company in response to a proxy statement that was distributed,
soliciting proxies from stockholders of the Holding Company, by someone other
than the current management of the Holding Company; or (E) 20% or more of the
voting securities of the Bank or Holding Company then outstanding are tendered
and accepted by an offeror as of the closing of a tender offer for such
securities.
(c) Executive shall not have the right to receive termination benefits
pursuant to Section 3 hereof upon a termination due to death or Disability (as
defined in Section 4 hereof) or a Termination for Cause. The term "Termination
for Cause" shall mean termination because of the Executive's personal dishonesty
with respect to the Bank or the Holding Company, willful misconduct, any breach
of fiduciary duty involving personal profit, intentional failure to perform
stated duties, willful violation of any law, rule, or regulation (other than
traffic violations or similar offenses) or final cease-and-desist order, or
material breach of any material provision of
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this Agreement. For purposes of this Section, no act, or failure to act on
Executive's part shall be "willful" unless done or omitted to be done, not in
good faith and without reasonable belief that the action or omission was in the
best interests of the Holding Company or the Bank. In determining incompetence,
the acts or omissions shall be measured against standards generally prevailing
in the savings institutions industry. Notwithstanding the foregoing, Executive
shall not be deemed to have been terminated for Cause unless and until there
shall have been delivered to him a Notice of Termination which shall include a
copy of a resolution duly adopted by the affirmative vote of not less than
two-thirds of the members of the Board of Directors of the Bank or the Holding
Company at a meeting of such Board called and held for that purpose (after
reasonable notice to Executive and an opportunity for him, together with
counsel, to be heard before such Board), finding that in the good faith opinion
of such Board, Executive was guilty of conduct justifying Termination for Cause
and specifying the particulars thereof in detail. Executive shall not have the
right to receive compensation or other benefits for any period after Termination
for Cause. Any stock options or limited rights granted to Executive under any
stock option plan, or any unvested awards granted to Executive under a
Recognition and Retention Plan of the Bank, the Holding Company or any
subsidiary or affiliate thereof, shall become null and void effective upon
Executive's receipt of Notice of Termination for Cause and shall not be
exercisable by Executive at any time subsequent to such Termination for Cause.
3. TERMINATION BENEFITS.
(a) Upon the occurrence of a Change in Control, followed at any time
during the term of this Agreement by the voluntary or involuntary termination of
the Executive's employment, other than for Termination for Cause, the Bank (or
the Holding Company, pursuant to Section 5) shall pay the Executive, or in the
event of his subsequent death, his beneficiary or beneficiaries, or his estate,
as the case may be, as severance pay or liquidated damages, or both, a sum equal
to the following: (i) two (2) times the Executive's then current annual salary,
plus the bonuses and any other cash compensation that would have been paid to
Executive during the two (2) year period immediately following Executive's Date
of Termination; (ii) the amount of any employer contributions that would have
been made on Executive's behalf during the two (2) year period immediately
following the Executive's Date of Termination under the Bank's 401(k) Savings
Plan (and any other defined contribution plan maintained by the Holding Company
or the Bank during such period); and (iii) the fair market value (determined as
of Executive's Date of Termination) of any stock that would have been awarded or
allocated to Executive during the two (2) year period immediately following the
Executive's Date of Termination under the Bank's Employee Stock Ownership Plan
or Recognition and Retention Plan (or any other stock-based employee benefit or
compensation plan or arrangement maintained by the Holding Company or the Bank
during such period). The amounts specified in subsections (ii) and (iii) of the
preceding sentence shall be determined based on the terms of the applicable plan
or plans as in effect at Executive's Date of Termination, assuming that
Executive continued to receive a salary
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at the level in effect upon his Date of Termination and earned the highest level
of bonuses. At the election of the Executive such payment may be made in a lump
sum or paid in equal monthly installments during the remaining term of this
Agreement. In the event that no election is made, payment to the Executive will
be made on a monthly basis during the remaining term of this Agreement.
(b) Upon the occurrence of a Change in Control of the Bank or the
Holding Company followed at any time during the term of this Agreement by the
Executive's voluntary or involuntary termination of employment, other than
Termination for Cause or termination due death or Disability, the Bank shall
cause to be continued life, medical, dental and disability coverage
substantially identical to the coverage maintained by the Bank or the Holding
Company for the Executive and his family prior to his termination. Such coverage
and payments shall cease upon the expiration of the remaining term of the
Agreement.
(c) As of the effective date of this Agreement, and annually as of the
first business day of January or soon thereafter, Executive shall make the
election referred to in Section 3(a) hereof with respect to whether the amounts
that may become payable under said Section 3(a) following a Change of Control
shall be paid in a lump sum or on a monthly basis. Such election shall be
irrevocable for the year for which such election is made and shall continue in
effect until the executive has made his next annual election. Following a Change
in Control, no further annual elections shall be permitted and Executive's most
recent election preceding such Change in Control shall remain in effect
thereafter.
(d) Notwithstanding the preceding paragraphs of this Section 3, in the
event that:
(i) the aggregate payments or benefits to be made or afforded
to the Executive under said paragraphs (the "Termination Benefits")
would be deemed to include an "excess parachute payment" under Section
280G of the Internal Revenue Code of 1986 (the "Code") or any successor
thereto, and
(ii) if such Termination Benefits were reduced to an amount
(the "Non-Triggering Amount"), the value of which is one dollar ($1.00)
less than an amount equal to three (3) times Executive's "base amount,"
as determined in accordance with said Section 280G, and the
Non-Triggering Amount would be greater than the aggregate value of the
Termination Benefits (without such reduction) minus the amount of tax
required to be paid by the Executive thereon by Section 4999 of the
Code, then the Termination Benefits shall be reduced to the
Non-Triggering Amount. The allocation of the reduction required hereby
among the Termination Benefits provided by the preceding paragraphs of
this Section 3 shall be determined by the Executive.
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4. NOTICE OF TERMINATION.
(a) Any purported termination by the Bank, the Holding Company or by
Executive shall be communicated by Notice of Termination to the other party
hereto. For purposes of this Agreement, a "Notice of Termination" shall mean a
written notice which shall indicate 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 Executive's
employment under the provision so indicated.
(b) "Date of Termination" shall mean (A) if Executive's employment is
terminated for Disability, thirty (30) days after a Notice of Termination is
given (provided that Executive shall not have returned to the performance of his
duties on a full-time basis during such thirty (30) day period), and (B) if his
employment is terminated for any other reason, the date specified in the Notice
of Termination which, in the instance of Termination for Cause, shall be
immediate.
(c) For purposes of this Agreement, "Disability" shall have the meaning
set forth in the group long-term disability plan or policy maintained by the
Bank for employees as of the effective date of this Agreement, or if no such
plan or policy is maintained on such date, "Disability" shall mean a condition
of total incapacity, mental or physical, for further performance of duty with
the Bank, which incapacity is likely to be permanent, as shall have been
determined by a doctor selected by the Bank and acceptable to the Executive or
his legal representatives.
5. SOURCE OF PAYMENTS.
It is intended by the parties hereto that all payments
provided in this Agreement shall be paid in cash or check from the general funds
of the Bank. The Holding Company, however, guarantees payment and provision of
all amounts and benefits due hereunder to the Executive and, if such amounts and
benefits due from the Bank are not timely paid or provided by the Bank, such
amounts and benefits shall be paid or provided by the Holding Company.
6. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS.
This Agreement contains the entire understanding between the
parties hereto and supersedes any prior agreement between the Bank, the Holding
Company and the Executive, except that this Agreement shall not affect or
operate to reduce any benefit or compensation inuring to the Executive of a kind
elsewhere provided. No provision of this Agreement shall be interpreted to mean
that the Executive is subject to receiving fewer benefits than those available
to him without reference to this Agreement.
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Nothing in this Agreement shall confer upon the Executive the
right to continue in the employ of Bank or shall impose on the Bank any
obligation to employ or retain the Executive in its employ for any period.
7. NO ATTACHMENT.
(a) Except as required by law, no right to receive payments under this
Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation, or to execution,
attachment, levy, or similar process or assignment by operation of law, and any
attempt, voluntary or involuntary, to affect any such action shall be null,
void, and of no effect.
(b) This Agreement shall be binding upon, and inure to the benefit of,
the Executive, the Bank, the Holding Company and their respective successors and
assigns.
8. MODIFICATION AND WAIVER.
(a) This Agreement may not be modified or amended except by an
instrument in writing signed by the parties hereto.
(b) No term or condition of this Agreement shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement, except by written instrument of the party charged with such
waiver or estoppel. No such written waiver shall be deemed a continuing waiver
unless specifically stated therein, and each such waiver shall operate only as
to the specific term or condition waived and shall not constitute a waiver of
such term or condition for the future or as to any act other than that
specifically waived.
9. REQUIRED REGULATORY PROVISIONS.
(a) The Board of Directors of the Bank may terminate the Executive's
employment at any time, but any termination by such Board, other than
Termination for Cause, or termination due to death or Disability shall not
prejudice the Executive's right to compensation or other benefits under this
Agreement. The Executive shall not have the right to receive compensation or
other benefits for any period after Termination for Cause as defined in Section
2 hereinabove.
(b) Notwithstanding anything herein contained to the contrary, any
payments to the Executive by the Bank, whether pursuant to this Agreement or
otherwise, are subject to and conditioned upon their compliance with Section
18(k) of the Federal Deposit Insurance Act ("FDI Act"), 12 U.S.C. ss.1828(k),
and any regulations promulgated thereunder.
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(c) Notwithstanding anything herein contained to the contrary, if the
Executive is suspended from office and/or temporarily prohibited from
participating in the conduct of the affairs of the Bank pursuant to a notice
served under Section 8(e)(3) or 8(g)(1) of the FDI Act, 12 U.S.C. ss.1818(e)(3)
or 1818(g)(1), the Bank's obligations under this Agreement shall be suspended as
of the date of service of such notice, unless stayed by appropriate proceedings.
If the charges in such notice are dismissed, the Bank, in its discretion, may
(i) pay to the Executive all or part of the compensation withheld while the
Bank's obligations hereunder were suspended and (ii) reinstate, in whole or in
part, any of the obligations which were suspended.
(d) Notwithstanding anything herein contained to the contrary, if the
Executive is removed and/or permanently prohibited from participating in the
conduct of the Bank's affairs by an order issued under Section 8(e)(4) or
8(g)(1) of the FDI Act, 12 U.S.C. ss.1818(e)(4) or (g)(1), all prospective
obligations of the Bank under this Agreement shall terminate as of the effective
date of the order, but vested rights and obligations of the Bank and the
Executive shall not be affected.
(e) Notwithstanding anything herein contained to the contrary, if the
Bank is in default (within the meaning of Section 3(x)(1) of the FDI Act, 12
U.S.C. ss.1813(x)(1), all prospective obligations of the Bank under this
Agreement shall terminate as of the date of default, but vested rights and
obligations of the Bank and the Executive shall not be affected.
(f) Notwithstanding anything herein contained to the contrary, all
prospective obligations of the Bank hereunder shall be terminated, except to the
extent that a continuation of this Agreement is necessary for the continued
operation of the Bank: (i) by the Director of the Office of Thrift Supervision
("OTS") or his designee or the Federal Deposit Insurance Corporation ("FDIC"),
at the time the FDIC enters into an agreement to provide assistance to or on
behalf of the Bank under the authority contained in Section 13(c) of the FDI
Act, 12 U.S.C. ss.1823(c); (ii) by the Director of the OTS or his designee at
the time such Director or designee approves a supervisory merger to resolve
problems related to the operation of the Bank or when the Bank is determined by
such Director to be in an unsafe or unsound condition. The vested rights and
obligations of the parties shall not be affected.
10. SEVERABILITY.
If, for any reason, any provision of this Agreement, or any
part of any provision, is held invalid, such invalidity shall not affect any
other provision of this Agreement or any part of such provision not held so
invalid, and each such other provision and part thereof shall to the full extent
consistent with law continue in full force and effect.
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11. HEADINGS FOR REFERENCE ONLY.
The headings of sections and paragraphs herein are included
solely for convenience of reference and shall not control the meaning or
interpretation of any of the provisions of this Agreement.
12. GOVERNING LAW.
The validity, interpretation, performance, and enforcement of
this Agreement shall be governed by New York law.
13. CONFLICTS WITH LAWS AND REGULATIONS.
Any provisions of this Agreement which conflict with any
federal law or regulation which is in existence on the date of execution hereof
shall be invalid and of no force or effect.
14. ARBITRATION.
Any dispute or controversy arising under or in connection with
this Agreement shall be settled exclusively by arbitration in accordance with
the rules of the American Arbitration Association then in effect. Judgment may
be entered on the arbitrator's award in any court having jurisdiction; provided,
however, that the Executive shall be entitled to seek specific performance of
his 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.
In the event any dispute or controversy arising under or in
connection with Executive's termination is resolved in favor of the Executive,
whether by judgment, arbitration or settlement, Executive shall be entitled to
the payment of all back-pay, including salary, bonuses and any other cash
compensation, fringe benefits and any compensation and benefits due Executive
under this Agreement.
15. PAYMENT OF COSTS AND LEGAL FEES.
All reasonable costs and legal fees paid or incurred by the
Executive pursuant to any dispute or question of interpretation relating to this
Agreement shall be paid or reimbursed by the Bank (which payments are guaranteed
by the Holding Company pursuant to Section 5 hereof) if Executive is successful
on the merits pursuant to a legal judgment, arbitration or settlement.
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16. INDEMNIFICATION.
The Bank shall provide Executive (including his legal
representatives, successors and assigns) with coverage under a standard
directors' and officers' liability insurance policy at its expense, or in lieu
thereof, shall indemnify Executive (including his legal representatives,
successors and assigns) for reasonable costs and expenses incurred by Executive
in defending or settling any judicial or administrative proceeding, or
threatened proceeding, whether civil, criminal or otherwise, including any
appeal or other proceeding for review.
Indemnification by the Bank shall be made only upon (i) the
final judgment on the merits in the favor of the Executive, or (ii) in case of
settlement, in case of final judgment against Executive or in the case of final
judgment in favor of Executive other than on the merits, if a majority of the
disinterested directors of the Bank determine Executive was acting in good faith
within the scope of Executive's employment or authority.
Any such indemnification of Executive for such expenses and
liabilities are to include, but not be limited to, judgments, court costs and
attorneys' fees and the cost of reasonable settlements, such settlements to be
approved by the Board of Directors of the Bank, if such action is brought
against Executive in his capacity as an officer or trustee of the Bank, provided
however, such indemnity shall not extend to matters as to which Executive is
finally adjudged to be liable for willful misconduct in the performance of his
duties.
17. SUCCESSOR TO THE BANK.
The Bank or the Holding Company shall require any successor or
assignee, whether direct or indirect, by purchase, merger, consolidation or
otherwise, to all or substantially all the business or assets of the Bank or the
Holding Company, expressly and unconditionally to assume and agree to perform
the Bank's and Holding Company's obligations under this Agreement, in the same
manner and to the same extent that the Bank and Holding Company would be
required to perform if no such succession or assignment had taken place.
18. SIGNATURES.
IN WITNESS WHEREOF, MSB Bank and MSB Bancorp, Inc. have caused
this Agreement to be executed and their respective seals to be affixed hereunto
by their duly authorized officers and Executive has signed this Agreement, on
the 26th day of March, 1997.
ATTEST: MSB Bank
/s/ Xxxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Secretary Xxxxxxx X. Xxxxx
Xxxxx XxXxxx President and Chief Executive Officer
[NOTARY SEAL]
ATTEST: MSB Bancorp, Inc.
/s/ Xxxxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Secretary Xxxxxxx X. Xxxxx
Xxxxx XxXxxx President and Chief Executive Officer
[NOTARY SEAL]
WITNESS:
/s/ Xxxxxxx X. Xxxxxx /s/ Xxxxxxxxx Xxxxxxxxxxx
--------------------------- ---------------------------
Xxxxxxxxx Xxxxxxxxxxx
STATE OF NEW YORK )
: ss.:
COUNTY OF ORANGE )
On this 26th day of March, 1997, before me personally came
Xxxxxxx X. Xxxxx, to me known, who, being by me duly sworn, did depose and say
that he resides at 000 Xxxxxxx Xxxxx Xxxxxxxxxx, Xxx Xxxx, that he is President
and Chief Executive Officer of MSB BANK, the savings institution described in
and which executed the foregoing instrument; that he knows the seal of said
savings institution; that the seal affixed to said instrument is such saving
institution's seal; that it was so affixed by order of the Board of Directors of
said savings institution; and that he signed his name thereto by like order.
/s/ Xxxxx Xxxxxx
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Notary Public
STATE OF NEW YORK )
: ss.:
COUNTY OF ORANGE )
On this 26th day of March, 1997, before me personally came
Xxxxxxx X. Xxxxx, to me known, who, being by me duly sworn, did depose and say
that he resides at 000 Xxxxxxx Xxxxx Xxxxxxxxxx, Xxx Xxxx, that he is President
and Chief Executive Officer of MSB BANCORP, INC., the bank holding company
described in and which executed the foregoing instrument; that he knows the seal
of said bank holding company; that the seal affixed to said instrument is such
bank holding company's seal; that it was so affixed by order of the Board of
Directors of said bank holding company; and that he signed his name thereto by
like order.
/s/ Xxxxx Xxxxxx
------------------------------
Notary Public
STATE OF NEW YORK )
: ss.:
COUNTY OF ORANGE )
On this 26th day of March, 1997, before me personally came
Xxxxxxxxx Xxxxxxxxxxx, to me known, and known to me to be the individual
described in the foregoing instrument, who, being by me duly sworn, did depose
and say that she resides at Xxx 000, Xxxxxxxx, Xxx Xxxx, and that she signed her
name to the foregoing instrument.
/s/ Xxxxx Xxxxxx
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Notary Public
