0001193125-05-067224 Sample Contracts

FIRST FEDERAL BANCSHARES, INC. NON-STATUTORY STOCK OPTION AWARD AGREEMENT (Directors)
Non-Statutory Stock Option Award Agreement • March 31st, 2005 • First Federal Bancshares Inc /De • Savings institution, federally chartered

This Award Agreement is provided to (the “Participant”) by First Federal Bancshares, Inc. (the “Company”) as of , the date the Company granted the Participant the right and option to purchase shares of Company Common Stock pursuant to the First Federal Bancshares, Inc. 2001 Stock-Based Incentive Plan (the “2001 Incentive Plan”), subject to the terms and conditions of the 2001 Incentive Plan and this Agreement:

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