1 [LAWRENCE SAVINGS BANK LOGO] 30 Massachusetts Avenue North Andover, MA 01845-3460 Main: 978-725-7500 Fax: 978-725-7607 Web: www.lawrencesavings.com May 25, 2000 Mr. Paul A. Miller 43 Covey Hill Road Reading, MA 01867 Dear Paul: Your employment agreement dated April 21, 1989, as amended December 23, 1992, is hereby amended as follows: Section 3.03 Termination Following Change in Control (a)(1) line 7 - "25%" is hereby stricken and 15% is inserted in its place. Execution Upon execution below by all parties, this Agreement will enter in full force and effect on the effective date below: LAWRENCE SAVINGS BANK /s/ Thomas J. Burke /s/ Paul A. Miller _______________________________ _______________________________ Thomas J. Burke, Chairman Paul A. Miller /s/ Eugene A. Beliveau 5-25-00 _______________________________ _______________________________ Eugene A. Beliveau Effective Date /s/ Kathleen I. Boshar _______________________________ Kathleen I. Boshar /s/ Malcolm W. Brawn _______________________________ Malcolm W. Brawn /s/ Byron R. Cleveland _______________________________ Byron R. Cleveland, Jr. /s/ Neil H. Cullen _______________________________ Neil H. Cullen /s/ Richard Hart Harrington _______________________________ Richard Hart Harrington /s/ Robert F. Hatem _______________________________ Robert F. Hatem /s/ Marsha A. McDonough _______________________________ Marsha A. McDonough