0001047469-07-006827 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • September 5th, 2007 • Danvers Bancorp, Inc. • Massachusetts

This Employment Agreement ("Agreement") is made as of the day of , 2007, by and among Danvers Bancorp, Inc., a Delaware corporation (the "Company"), and its subsidiary, Danversbank, a Massachusetts savings bank with its main office in Danvers, Massachusetts (the "Bank") (the Bank and the Company shall be hereinafter collectively referred to as the "Employers"), and L. Mark Panella (the "Executive").

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CHANGE IN CONTROL AGREEMENT
Control Agreement • September 5th, 2007 • Danvers Bancorp, Inc. • Massachusetts

AGREEMENT made as of this day of , 2007 by and among Danvers Bancorp, Inc., a Delaware company (the "Company"), and its subsidiary, Danversbank, a Massachusetts savings bank with its main office in Danvers, Massachusetts (the "Bank") (the Bank and the Company shall be hereinafter collectively referred to as the "Employers"), and (the "Executive").

NONSTANDARDIZED INTEGRATED ADOPTION AGREEMENT PROTOTYPE DEFINED BENEFIT PENSION PLAN AND TRUST Sponsored By SBERA
Danvers Bancorp, Inc. • September 5th, 2007

The Employer named below hereby establishes a Defined Benefit Pension Plan for eligible Employees as provided in this Adoption Agreement and the accompanying Basic Plan Document #02.

THE ENDICOTT GROUP LETTERHEAD]
Danvers Bancorp, Inc. • September 5th, 2007

This letter will serve as a supplement to the retainer agreement between Danvers Savings Bank and Endicott Financial Advisors, L.L.C. dated May 26, 2000 (the "Agreement"). Terms and Definitions of the Agreement will continue as part of this supplement.

LETTERHEAD OF RP FINANCIAL, LC.] May 24, 2007
Danvers Bancorp, Inc. • September 5th, 2007

This letter sets forth the agreement between Danvers Bancorp, Inc., Danvers, Massachusetts (the "Company"), and RP® Financial, LC. ("RP Financial") for the independent appraisal services in connection with the stock to be issued concurrent with the mutual-to-stock conversion transaction and holding company reorganization. The specific appraisal services to be rendered by RP Financial are described below.

SUPPLEMENTAL PENSION AGREEMENT
Supplemental Pension Agreement • September 5th, 2007 • Danvers Bancorp, Inc. • Massachusetts

SUPPLEMENTAL PENSION AGREEMENT (the "Agreement") dated September 5, 1997, by and between Danversbank, a Massachusetts corporation (the "Company"), and L. Mark Panella (the "Employee") is hereby amended this day of , 2006.

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