0001193125-10-059396 Sample Contracts

PEOPLES FEDERAL BANCSHARES, INC. EMPLOYMENT AGREEMENT
Employment Agreement • March 17th, 2010 • Peoples Federal Bancshares, Inc. • Massachusetts

THIS EMPLOYMENT AGREEMENT (“Agreement”) is made effective as of , 2010 (the “Effective Date”), by and between Peoples Federal Bancshares, Inc. (the “Company”), a Maryland corporation, with its principal offices located at 435 Market Street, Boston, Massachusetts 02135, and (“Executive”). Any reference herein to the “Bank” shall refer to Peoples Federal Savings Bank, the wholly-owned subsidiary of the Company.

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PEOPLES FEDERAL SAVINGS BANK AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • March 17th, 2010 • Peoples Federal Bancshares, Inc. • Massachusetts

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”) is made effective as of December 16, 2008 (the “Effective Date”), by and between Peoples Federal Savings Bank (the “Bank”), a federally chartered financial institution, with its principal offices located at 435 Market Street, Boston, Massachusetts 02135, and James J. Gavin (“Executive”).

PEOPLES FEDERAL SAVINGS BANK DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • March 17th, 2010 • Peoples Federal Bancshares, Inc. • Massachusetts

THIS DIRECTOR RETIREMENT AGREEMENT (the “Agreement”) is adopted this 29th day of November, 2004, by and between PEOPLES FEDERAL SAVINGS BANK, a federally-chartered corporation located in Boston, Massachusetts (the “Bank”), and MAURICE H. SULLIVAN, JR, (the “Director”).

PEOPLES FEDERAL SAVINGS BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 17th, 2010 • Peoples Federal Bancshares, Inc. • Massachusetts

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 29th day of November, 2004, by and between PEOPLES FEDERAL SAVINGS BANK, a federally-chartered corporation located in Boston, Massachusetts (the “Bank”), and JAMES J. GAVIN (the “Executive”).

AMENDED AND RESTATED PEOPLES FEDERAL SAVINGS BANK SALARY CONTINUATION AGREEMENT
Continuation Agreement • March 17th, 2010 • Peoples Federal Bancshares, Inc. • Massachusetts

THIS AMENDED & RESTATED PEOPLES FEDERAL SAVINGS BANK SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 6th day of July, 2006, by and between PEOPLES FEDERAL SAVINGS BANK, a federally-chartered corporation located in Boston, Massachusetts (the “Bank”) and THOMAS J. LEETCH (the “Executive”).

PEOPLES FEDERAL MHC SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 17th, 2010 • Peoples Federal Bancshares, Inc. • Massachusetts

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 13th day of September, 2006, by and between PEOPLES FEDERAL MHC, a corporation located in Boston, Massachusetts (the “Company”) and MAURICE H. SULLIVAN, JR. (the “Executive”).

RP® FINANCIAL, LC. Serving the Financial Services Industry Since 1988 February 12, 2010
Peoples Federal Bancshares, Inc. • March 17th, 2010

This letter sets forth the agreement between Peoples Federal MHC and Peoples Federal Savings Bank, Brighton, Massachusetts (collectively, the “Bank”), and RP® Financial, LC. (“RP Financial”) for the independent appraisal services in connection with the stock to be issued concurrent with the mutual-to-stock conversion transaction and holding company reorganization. The specific appraisal services to be rendered by RP Financial are described below.

PEOPLES FEDERAL MHC AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • March 17th, 2010 • Peoples Federal Bancshares, Inc. • Massachusetts

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”) is made effective as of December 16, 2008 (the “Effective Date”), by and between Peoples Federal MHC (the “Company”), a federally chartered mutual holding company, with its principal offices located at 435 Market Street, Boston, Massachusetts 02135, and Maurice H. Sullivan, Jr. (“Executive”).

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