QUAINT OAK BANCORP, INC. (a Pennsylvania Corporation) Up to 1,207,500 Shares (Subject to Increase Up to 1,388,625 Shares) COMMON STOCK ($0.01 Par Value) Subscription Price $10.00 Per Share FORM OF AGENCY AGREEMENT May __, 2007Agency Agreement • April 27th, 2007 • Quaint Oak Bancorp Inc • Savings institutions, not federally chartered • New York
Quaint Oak Bancorp, Inc., a Pennsylvania corporation (the “Company”), and Quaint Oak Savings Bank, a Pennsylvania-chartered savings bank in mutual form (the “Bank”) (references to the “Bank” include the Bank as a Pennsylvania-chartered savings bank in mutual form and as a Pennsylvania-chartered savings bank in stock form, as indicated by the context, and together with the Company, the “Primary Parties”), hereby confirm, jointly and severally, their agreement with Ryan Beck & Co., Inc. (the “Agent”), as follows:
