0001104659-21-035376 Sample Contracts

RP® FINANCIAL, LC.
Catalyst Bancorp, Inc. • March 12th, 2021

This letter sets forth the agreement between St. Landry Homestead Federal Savings Bank, Opelousas, Louisiana (the “Bank”), whereby the Bank has engaged RP Financial to provide the conversion appraisal services in conjunction with the proposed standard stock conversion transaction. The scope, timing and fee structure for these appraisal services are described below.

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St. Landry Homestead Federal Savings Bank Supplemental Life Insurance Agreement
Insurance Agreement • March 12th, 2021 • Catalyst Bancorp, Inc. • Louisiana

This Supplemental Life Insurance Agreement (this “Agreement”) is adopted this November 18, 2020, by and between ST. LANDRY HOMESTEAD FEDERAL SAVING BANK, located in Opelousas, Louisiana (the “Company”), and JOSEPH ZANCO (the “Executive”).

Restricted Executive Benefit Agreement
Restricted Executive Benefit Agreement • March 12th, 2021 • Catalyst Bancorp, Inc.

This Restricted Executive Benefit Agreement (the “Agreement”) is entered into this 22nd day of October, 2020, by and between ST. LANDRY HOMESTEAD FEDERAL SAVINGS BANK, (hereinafter “Employer”) and JOSEPH ZANCO (hereinafter “Employee”).

EMPLOYMENT AGREEMENT
Employment Agreement • March 12th, 2021 • Catalyst Bancorp, Inc. • Louisiana

This Employment Agreement (the “Agreement”) is made effective as of August 17, 2020 (the “Effective Date”), by and between St. Landry Homestead Federal Savings Bank (the “Bank”) and Joseph Zanco (“Executive”).

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