0001019056-08-000568 Sample Contracts

Auburn Bancorp, Inc. (a federal stock corporation) [MAX] Shares (subject to increase to [SMAX] shares) COMMON SHARES ($0.01 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENT May __, 2008
Agency Agreement • April 30th, 2008 • Auburn Bancorp, Inc. • Savings institution, federally chartered • New York

Auburn Bancorp, MHC, a federal mutual holding company in formation (the “MHC”), Auburn Bancorp, Inc., a federal corporation in formation (the “Company”), and Auburn Savings Bank, FSB, a federally chartered savings bank located in Auburn, Maine (the “Bank”) (references to the “Bank” include the Bank in the mutual or stock form, as indicated by the context), with its deposit accounts insured by the Deposit Insurance Fund (“DIF”) administered by the Federal Deposit Insurance Corporation (“FDIC”), hereby confirm their agreement with Keefe, Bruyette & Woods, Inc. (the “Agent”) as follows:

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AUBURN SAVINGS BANK, FSB EMPLOYMENT AGREEMENT
Employment Agreement • April 30th, 2008 • Auburn Bancorp, Inc. • Savings institution, federally chartered • Maine

THIS AGREEMENT (the “Agreement”), is made this ____ day of _________, 2008, by and between AUBURN SAVINGS BANK, FSB, a federally chartered savings bank (the “Bank”), and Allen T. Sterling (“Executive”).

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