EXHIBIT 4.1 LIFE SAVINGS BANK, FEDERAL SAVINGS BANK (the "Company") 13 1/2% SUBORDINATED DEBENTURES DUE March 15, 2004 DEBENTURE PURCHASE AGREEMENT Dated as of March 12, 1997 TABLE OF CONTENTS (Not Part of Agreement)Debenture Purchase Agreement • March 27th, 1997 • Life Financial Corp • Savings institution, federally chartered • Delaware
Common Stock ($0.01 par value per share)Underwriting Agreement • March 27th, 1997 • Life Financial Corp • Savings institution, federally chartered • California
