0000950156-06-000566 Sample Contracts

PENNICHUCK CORPORATION EMPLOYEE RETENTION AGREEMENT
Pennichuck Corporation Employee Retention Agreement • November 14th, 2006 • Pennichuck Corp • Water supply • New Hampshire

THIS EMPLOYEE RETENTION AGREEMENT is entered into on this 3rd day of October, 2006, by and between Pennichuck Corporation (the "Company"), a New Hampshire corporation with a principal place of business at 25 Manchester St., Merrimack, New Hampshire and Donald L. Ware, of Merrimack, New Hampshire ("Employee"), an Employee of the Company.

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • November 14th, 2006 • Pennichuck Corp • Water supply

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") amends the Employment Agreement (the "Agreement") entered into as of January 31, 2005, by and between Pennichuck Corporation (the "Corporation"), a New Hampshire corporation with principal offices at 25 Manchester St., Merrimack, New Hampshire and Michael C.J. Fallon ("Executive"), of 11 Main St., Hancock, New Hampshire.

EMPLOYMENT AGREEMENT
Employment Agreement • November 14th, 2006 • Pennichuck Corp • Water supply • New Hampshire

This Agreement is made and entered into as of the 3rd day of October, 2006, by and between Donald L. Ware (the "Executive") of Merrimack, New Hampshire, and Pennichuck Corporation (the "Corporation"), a New Hampshire corporation with principal offices at 25 Manchester St., Merrimack, New Hampshire 03054.

AMENDMENT AGREEMENT
Amendment Agreement • November 14th, 2006 • Pennichuck Corp • Water supply

This AMENDMENT AGREEMENT (the "Agreement") dated as of this 31st day of August, 2006, by and among PENNICHUCK CORPORATION, a New Hampshire corporation with a principal place of business at 25 Manchester Street, Merrimack, New Hampshire 03054 ("PC") and PENNICHUCK EAST UTILITY, INC., a New Hampshire corporation with a principal place of business at 4 Water Street, P.O. Box 488, Nashua, New Hampshire 03061-0448 ("PEU") (PC and PEU are on occasion referred to individually and collectively as the "Borrower") and BANK OF AMERICA, N.A. (successor by merger to FLEET NATIONAL BANK), a national bank organized under the laws of the United States with a place of business at 1155 Elm Street, Manchester, New Hampshire 03101 (the "Bank").

EMPLOYMENT AGREEMENT
Employment Agreement • November 14th, 2006 • Pennichuck Corp • Water supply • New Hampshire

This Agreement, made and entered into as of the 24th day of October, 2006 by and between Duane C. Montopoli (the "Executive") of North Andover, Massachusetts, and Pennichuck Corporation (the "Corporation"), a New Hampshire corporation with principal offices in Merrimack, New Hampshire.

AMENDMENT AGREEMENT
Amendment Agreement • November 14th, 2006 • Pennichuck Corp • Water supply

This AMENDMENT AGREEMENT (the "Agreement") is dated as of this 31st day of August, 2006, by and among PENNICHUCK CORPORATION, a New Hampshire corporation with a principal place of business at 25 Manchester Street, Merrimack, New Hampshire 03054 ("PC" or the "Borrower"), PENNICHUCK WATER WORKS, INC., a New Hampshire corporation with a principal place of business at 25 Manchester Street, Merrimack, New Hampshire 03054 ("PWW" or the "Guarantor") and BANK OF AMERICA, N.A. (successor by merger to FLEET NATIONAL BANK), a national bank organized under the laws of the United States with a place of business at 1155 Elm Street, Manchester, New Hampshire 03101 (the "Bank").

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • November 14th, 2006 • Pennichuck Corp • Water supply

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the "Amendment") amends the Employment Agreement (the "Agreement") entered into as of January 31, 2005, by and between Pennichuck Corporation (the "Corporation"), a New Hampshire corporation with principal offices at 25 Manchester St., Merrimack, New Hampshire and William D. Patterson ("Executive"), of Ho-Ho-Kus, New Jersey.

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