EMPLOYMENT AGREEMENTEmployment Agreement • August 25th, 2010 • Kaiser Federal Financial Group, Inc. • Savings institution, federally chartered • California
This Agreement (“Agreement”) is made effective as of the _______ day of _______________, 2010 (the “Effective Date”), by and among KAISER FEDERAL BANK (the “Bank”), a federally chartered stock savings bank, with its principal administrative office at 1359 N. Grand Ave., Covina, California 91724 and KAY M. HOVELAND (“Executive”). Any reference to the “Company” herein shall mean KAISER FEDERAL FINANCIAL GROUP, INC., the holding company of the Bank. The Company is a party to this Agreement for the sole purpose of guaranteeing the payments required hereunder, except as otherwise provided herein.
subject to increase to 9,918,750 shares) COMMON SHARES ($.01 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENTAgency Agreement • August 25th, 2010 • Kaiser Federal Financial Group, Inc. • Savings institution, federally chartered • New York
Kaiser Federal Financial Group, Inc., a Maryland corporation (the “Company”), Kaiser Federal Bank, a federally-chartered stock savings association (the “Bank”), K-Fed Bancorp, a federal corporation, the current mid-tier holding company of the Bank (“Mid-Tier”), and K-Fed Mutual Holding Company, a federally-chartered mutual holding company and the current majority owner of Mid-Tier (the “MHC”), hereby confirm their agreement with Keefe, Bruyette & Woods, Inc. (“Keefe Bruyette”), as representative of the several Selling Agents (as defined below)(in its capacity as such, the “Representative”) and Sterne Agee & Leach, Inc. (“Sterne Agee,” and together with Keefe Bruyette, the “Selling Agents”) to serve as agents of the Company to assist the Company in the sale of up to 8,625,000 shares (subject to increase up to 9,918,750 shares) of Common Stock (as defined below) of the Company (the “Shares” or “Conversion Stock”) in the Subscription and Community Offerings, and, if necessary, a Syndicate
