Exhibit 10.3
                                FIRST AMENDMENT
                                       TO
                           CHANGE IN CONTROL AGREEMENT

         THIS AMENDMENT (this  "Amendment")  TO THE CHANGE IN CONTROL  AGREEMENT
(the  "Agreement")  is made as of March 13, 2009 (the  "Effective  Date") by and
between SALISBURY BANK AND TRUST COMPANY, a Connecticut chartered bank and trust
company  with is main  office at 5 Bissell  Street,  P.O.  Box 1868,  Lakeville,
Connecticut  06039 (the "Bank") and  ____________  of  _____________,  ______ __
_____ (the "Executive").

         WHEREAS,  the Bank and the  Executive  have entered the Agreement as of
April 2, 2008;

         WHEREAS,   Salisbury  Bancorp,  Inc.,  the  parent  of  the  Bank  (the
Corporation"),  will participate in the Capital Purchase Program of the Troubled
Assets Relief Program  ("TARP") of the United States  Department of the Treasury
(the "Treasury");

         WHEREAS,  the American Recovery and Reinvestment Act of 2009 (the "2009
Act") amended Section 111 of the Emergency  Economic  Stabilization  Act of 2008
(the "2008 Act") to provide that any "TARP recipient [is prohibited from] making
any golden parachute payment to [specified]  officer[s] and ... employees of the
TARP recipient during the period in which any obligation  arising from financial
assistance provided under the TARP remains outstanding";

         WHEREAS,  any payment under the Agreement could be a "golden  parachute
payment" as defined in Section 111 of the 2009 Act;

         WHEREAS,  the  Executive  may  presently  be or in the future may be an
officer or employee to whom a golden  parachute  payment may be prohibited under
the 2009 Act; and

         WHEREAS, the Board of Directors of the Corporation and the Bank and the
Executive  agree that is in the best interests of the  Corporation  and the Bank
for the  Corporation to be able to access TARP funds in compliance  with Section
111 of the 2009 Act.

         NOW THEREFORE,  to further the above recited corporate objectives,  and
for other good and  valuable  consideration,  the receipt and  adequacy of which
each party hereby  acknowledges  the Bank and the Executive agree to add Section
13 to the Agreement as follows:

         13.  Compliance  with  Compensation   Standards.   Notwithstanding  any
provision in the  Agreement to the  contrary,  no payment shall be made pursuant
Section 4 of the  Agreement  or benefit  provided  pursuant  to Section 5 of the
Agreement  which,  if made or  provided,  as the  case  may  be,  would  violate
applicable provisions of the 2008 Act, the 2009 Act or compensation standards or
regulations  enacted by the  Treasury  pursuant  thereto.  For  purposes  of the
Agreement,  the Executive  shall be deemed to be a person subject to Section 111
of the 2009 Act.

                           (Signatures on next page.)




         Agreed  to  this   thirteenth  day  of  March,   2009  by  and  between
________________ and Salisbury Bank and Trust Company.


                                              ------------------------

                                              EXECUTIVE


                                              SALISBURY BANK AND TRUST COMPANY

                                              --------------------------------

                                              By:
                                              Its:

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