November 2, 2006 Claire M. Chadwick West Orange, NJ 07052-2989 Dear Ms. Chadwick:Pennfed Financial Services Inc • November 8th, 2006 • Savings institution, federally chartered • New York
Company FiledNovember 8th, 2006 Industry JurisdictionIn connection with the anticipated merger (the “Merger”) of PennFed Financial Services, Inc. (the “Company”) with and into New York Community Bancorp, Inc. (“NYB”) as contemplated by the Agreement and Plan of Merger, dated as of November 2, 2006, by and between NYB and the Company (the “Merger Agreement”), which is entered into as of today, the Company, NYB and you hereby enter into this agreement (this “Agreement”). Capitalized terms used but not otherwise defined in this Agreement shall have the meaning set forth in the Merger Agreement.
November 2, 2006 Jeffrey J. Carfora West Orange, NJ 07052-2989 Dear Mr. Carfora:Pennfed Financial Services Inc • November 8th, 2006 • Savings institution, federally chartered • New York
Company FiledNovember 8th, 2006 Industry JurisdictionIn connection with the anticipated merger (the “Merger”) of PennFed Financial Services, Inc. (the “Company”) with and into New York Community Bancorp, Inc. (“NYB”) as contemplated by the Agreement and Plan of Merger, dated as of November 2, 2006, by and between NYB and the Company (the “Merger Agreement”), which is entered into as of today, the Company, NYB and you hereby enter into this agreement (this “Agreement”). Capitalized terms used but not otherwise defined in this Agreement shall have the meaning set forth in the Merger Agreement.