CINCINNATI FEDERAL SAVINGS & LOAN ASSOCIATION DIRECTOR RETIREMENT PLAN Cincinnati, Ohio Effective July 1, 2014Director Retirement Plan • March 11th, 2015 • CF Bancorp
This Cincinnati Federal Savings & Loan Association Director Retirement Plan (the “Plan”), initially effective as of the 1st day of July, 2014, formalizes the understanding by and between Cincinnati Federal Savings & Loan Association (the “Bank”), a Federally chartered mutual savings and loan association, and its non-employee directors, hereinafter referred to as “Director(s)”, who shall be eligible to participate in this Plan by execution of a Director Retirement Plan Joinder Agreement (“Joinder Agreement”) in a form provided by the Bank.
KELLER & COMPANY, INC. FINANCIAL INSTITUTION CONSULTANTSConversion Valuation Agreement • March 11th, 2015 • CF Bancorp
Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of Cincinnati Federal Savings (hereinafter referred to as “Cincinnati Federal”), relating to the mutual to stock conversion of Cincinnati Federal and minority stock offering (“the “Stock Offering”) of Cincinnati Federal’s mid-tier holding company. KELLER will provide a pro forma valuation of the market value of the shares of Cincinnati Federal’s mid-tier holding company to be sold in connection with the minority stock offering.
RP® FINANCIAL, LC.Business Plan Services Agreement • March 11th, 2015 • CF Bancorp
This letter sets forth the agreement between Cincinnati Federal Savings and Loan Association, Cincinnati, Ohio (the “Association”) and RP® Financial, LC. (“RP Financial”), whereby the Association has engaged RP Financial to prepare a written business plan and financial projections to be adopted by the Board of Directors in conjunction with the filing of the regulatory application for a proposed mutual-to-stock conversion to the mutual holding company partial stock form of ownership. In addition, RP Financial will prepare the related presentation materials for any pre-filing meetings with the regulators that may be required in advance of the conversion application filing, as well as summary materials for review by the Board.
EMPLOYMENT AGREEMENTEmployment Agreement • March 11th, 2015 • CF Bancorp • Ohio
This EMPLOYMENT AGREEMENT (this “Agreement”) is entered into effective the 28th day of May, 2013, by and between Cincinnati Federal Savings & Loan Association, a corporation organized under the laws of the United States of America, (the “Employer”) and Gregory W. Meyers (the “Employee”), an individual whose residence address is 5691 Breezewood Dr. Cinn. Oh 45248.
