EXHIBIT 10.4 STOCK OPTION ASSUMPTION AGREEMENT Dear Optionee: On September 21, 2007 (the "Closing Date"), Factory Point Bancorp, Inc. ("Factory Point") will merge with and into Berkshire Hills Bancorp, Inc. ("Berkshire"), a Delaware corporation (the...Stock Option Assumption Agreement • October 10th, 2007 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered
