STOCK OPTION AGREEMENT FOR NON-QUALIFIED STOCK OPTION FOR OFFICERS AND EMPLOYEESStock Option Agreement • March 30th, 2004 • Guaranty Federal Bancshares Inc • State commercial banks • Missouri
A NON-QUALIFIED STOCK OPTION (the "Option") for a total of 5,000 shares (the "Shares") of common stock, par value $0.10 ("Common Stock"), of Guaranty Federal Bancshares, Inc. (the "Corporation"), which Option shall not be considered an incentive stock option within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended, is hereby granted to (the "Optionee") at the price and upon the terms and conditions set forth in this Stock Option Agreement (this "Agreement").
