0000943374-11-000201 Sample Contracts

SECOND AMENDMENT TO SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • April 18th, 2011 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered

This Second Amendment (the “Amendment”) to the Salary Continuation Agreement, dated as of September 13, 2006 and as amended December 16, 2008 (the “Agreement”), by and among Peoples Federal Bancshares, Inc. (the “Company”), as successor to Peoples Federal MHC, and Maurice H. Sullivan, Jr. (the “Executive”) is effective as of March 1, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

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SECOND AMENDMENT TO AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • April 18th, 2011 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered

This Second Amendment (the “Amendment”) to the Amended and Restated Salary Continuation Agreement, dated as of July 6, 2006 and as amended December 16, 2008 (the “Agreement”), by and among Peoples Federal Savings Bank (the “Bank”) and Thomas J. Leetch (the “Executive”) is effective as of March 1, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

SECOND AMENDMENT TO SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • April 18th, 2011 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered

This Second Amendment (the “Amendment”) to the Salary Continuation Agreement, dated as of November 29, 2004 and as amended December 16, 2008 (the “Agreement”), by and among Peoples Federal Savings Bank (the “Bank”) and James J. Gavin (the “Executive”) is effective as of March 1, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

SECOND AMENDMENT TO SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • April 18th, 2011 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered

This Second Amendment (the “Amendment”) to the Salary Continuation Agreement, dated as of November 29, 2004 and as amended December 16, 2008 (the “Agreement”), by and among Peoples Federal Savings Bank (the “Bank”) and Christopher Lake (the “Executive”) is effective as of March 1, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

SECOND AMENDMENT TO DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • April 18th, 2011 • Peoples Federal Bancshares, Inc. • Savings institutions, not federally chartered

This Second Amendment (the “Amendment”) to the Director Retirement Agreement, dated as of November 29, 2004 and as amended December 16, 2008 (the “Agreement”), by and among Peoples Federal Savings Bank (the “Bank”) and Maurice H. Sullivan, Jr. (the “Director”) is effective as of March 1, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

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