First Amendment to the Columbia State Bank Endorsement Split Dollar Agreement (SERP Benefit), by and between the Bank and Lisa Dow, effective February 25, 2019

This First Amendment to the Columbia State Bank Endorsement Method Split Dollar Agreement (hereinafter “Amendment”) is made and entered into effective as of February 1, 2019, by and between Columbia State Bank (“Bank”), and Lisa Dow (“Insured"). This Amendment hereby amends the July 1, 2013 Columbia State Bank Endorsement Method Split Dollar Agreement by and between the parties (“Original Agreement”), as follows:

The life insurance policies (“Policies) appearing on page 1 of the Original Agreement under the heading of “Insurer/Policy” shall be removed and replaced with the following Policies:

Massachusetts Mutual Life Insurance Company Policy #0054825

    

Whereas the Original Agreement and this Amendment reference specific life insurance policies (“Existing Policy[ies]”) and such Existing Policy(ies) are subject to exchange for new policies insuring Insured (“Replacement Policy[ies]”), the parties agree that any Replacement Policies will be accorded the same treatment under the Original Agreement and any amendment thereto as Existing Policies and shall, in all respects replace the Existing Policies for which they were exchanged. Furthermore, Insured agrees to cooperate with Bank in all exchanges by providing and promptly returning signatures as requested by Bank, Named Fiduciary or Plan Administrator.

To the extent that any paragraph, term, or provision of the Original Agreement is not specifically amended herein, or in any other amendment thereto, said paragraph, term, or provision shall remain in full force and effect as set forth in said Original Agreement.