0000927089-07-000238 Sample Contracts

SOUND COMMUNITY BANK INCENTIVE COMPENSATION ACHIEVEMENT PLAN
Sound Financial, Inc. • September 20th, 2007

Whereas the Board of Directors of Sound Community Bank (the "Bank") has adopted an incentive, compensation plan for certain designated senior managers (the "Managers") of the Bank and its subsidiaries and affiliates, now therefore, Bank and those Managers entering into this Agreement, covenant and agree as follows:

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Executive Long Term Compensation Agreement
Executive Long Term Compensation Agreement • September 20th, 2007 • Sound Financial, Inc. • Washington

This Agreement is made and entered into this 14th day of August, 2007 by and between Sound Community Bank, a bank organized and existing under the laws of the State of Washington and with its principal offices in Seattle, Washington, (hereinafter referred to as the "Bank" or "Employer"), and Laura Lee Stewart, an Executive of the Bank (hereinafter referred to as the "Executive").

EMPLOYMENT AGREEMENT
Employment Agreement • September 20th, 2007 • Sound Financial, Inc. • Washington

THIS EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of this 1st day of January, 2007 by and between Sound Community Bank (hereinafter referred to as the "Bank") and Laura Lee Stewart (the "Employee").

EXECUTIVE LONG TERM COMPENSATION AGREEMENT
Executive Long Term Compensation Agreement • September 20th, 2007 • Sound Financial, Inc. • Washington

This Agreement is made and entered into this 14th day of August 2007, by and between Sound Community Bank, a bank organized and existing under the laws of the State of Washington and with its principal offices in Seattle, Washington, (hereinafter referred to as the "Bank" or "Employer"), and Patricia Floyd, an Executive of the Bank (hereinafter referred to as the "Executive").

RP® FINANCIAL, LC.
Sound Financial, Inc. • September 20th, 2007

This letter sets forth the agreement between Sound Community Bank, Seattle, Washington (the "Bank"), and RP® Financial, LC ("RP Financial") for independent appraisal services in connection with the stock to be issued concurrent with the minority stock offering transaction. The specific appraisal services to be rendered by RP Financial are described below.

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