0001144204-17-015078 Sample Contracts

MUTUALBANK DIRECTOR DEFERRED COMPENSATION MASTER AGREEMENT DATED SEPTEMBER 1, 1993, AS AMENDED NOVEMBER 24, 1993, DECEMBER 18, 1996, MAY 15, 1998, AND OCTOBER 20, 2010
Director Deferred Compensation Master Agreement • March 16th, 2017 • Mutualfirst Financial Inc • State commercial banks

THIS FIFTH AMENDMENT is adopted this 30th day of December, 2016, effective as of January 1, 2005, by and between MUTUALBANK, an Indiana commercial bank located in Muncie, Indiana and formerly known as Mutual Federal Savings Bank (the “Bank”), and certain eligible Directors (the “Director”).

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RESTATED EXECUTIVE SUPPLEMENTAL RETIREMENT INCOME AGREEMENT FOR PATRICK C. BOTTS
Executive Supplemental Retirement Income Agreement • March 16th, 2017 • Mutualfirst Financial Inc • State commercial banks • Indiana

This Restated Executive Supplemental Retirement Income Agreement (the "Agreement"), effective as of the 19th day of December 2016, amends and restates the Executive Supplemental Retirement Income Agreement (as originally entered into on November 15, 1996 and as most recently amended and restated on April 1, 2015) and formalizes the understanding by and between MUTUALBANK (the "Bank"), an Indiana commercial bank, and PATRICK C. BOTTS referred to as "Executive."

MUTUALBANK AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 16th, 2017 • Mutualfirst Financial Inc • State commercial banks • Indiana

THIS AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT (this “Agreement”) effective as of the 20th day of December 2016, amends and restates the Salary Continuation Agreement originally dated September 18, 2007 (the “Prior Agreement”) between MUTUALBANK (as successor to MFB Financial), an Indiana commercial bank (the “Bank”), and CHARLES J. VIATER (the “Executive”).

AMENDED AND RESTATED DIRECTOR SHAREHOLDER BENEFIT PROGRAM AGREEMENT FOR JERRY McVICKER
Director Shareholder Benefit Program Agreement • March 16th, 2017 • Mutualfirst Financial Inc • State commercial banks • Indiana

This Amended and Restated Director Shareholder Benefit Program Agreement (the “Agreement”), effective as of the 22nd day of December 2016, amends and restates the Director Shareholder Benefit Program Agreement originally dated September 1, 2000 and last amended October 20, 2010 (the “Prior Agreement”) between MUTUALBANK (f/k/a Mutual Federal Savings Bank), an Indiana commercial bank (the “Bank”), and Jerry McVicker (hereinafter referred to as “Director”). Any reference herein to the “Company” shall mean MutualFirst Financial, Inc., the holding company of the Bank.

MUTUALBANK EXECUTIVE DEFERRED COMPENSATION MASTER AGREEMENT DATED OCTOBER 1, 1993, AS AMENDED OCTOBER 20, 2010
Executive Deferred Compensation Master Agreement • March 16th, 2017 • Mutualfirst Financial Inc • State commercial banks

THIS SECOND AMENDMENT is adopted this 19th day of December, 2016, effective as of January 1, 2005, by and between MUTUALBANK, an Indiana commercial bank located in Muncie, Indiana and formerly known as Mutual Federal Savings Bank (the “Bank”), and certain key employees (the “Executive”).

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