Mr. Douglas S. Gordon President and Chief Executive Officer Waterstone Financial, Inc. / WaterStone Bank, SSB 11200 West Plank Court Wauwatosa, Wisconsin 53226 Dear Mr. Gordon:Waterstone Financial, Inc. • June 7th, 2013
This letter sets forth the agreement between WaterStone Bank, SSB, Wauwatosa, Wisconsin (the “Bank”), the wholly-owned subsidiary of Waterstone Financial, Inc. (the “Company”), which in turn is the majority-owned subsidiary of Lamplighter Financial, MHC (the “MHC”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with the second step conversion transaction by the Company. The scope, timing and fee structure for these appraisal services are described below.
