0001193125-17-121521 Sample Contracts

Employment Agreement
Employment Agreement • April 12th, 2017 • PDL Community Bancorp • New York

This Employment Agreement (the “Agreement”) is made and entered into as of March 23, 2017, by and between Carlos P. Naudon (the “Executive”) and Ponce De Leon Federal Bank, a federally chartered bank (the “Bank”).

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Employment Agreement
Employment Agreement • April 12th, 2017 • PDL Community Bancorp • New York

This Employment Agreement (the “Agreement”) is made and entered into as of , 2017, by and among Steven A. Tsavaris (the “Executive”) on the one side, and on the other side Ponce Bank Mutual Holding Company, a federally chartered mutual holding company (the “MHC”), and PDL Community Bancorp, a federally chartered savings and loan holding company (the “Bancorp”).

November 1, 2016
PDL Community Bancorp • April 12th, 2017 • New York

This letter sets forth the agreement between Ponce De Leon Federal Bank, Bronx, New York (the “Bank”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent appraisal services in conjunction with the minority stock offering concurrent with the mutual holding company (the “MHC”) reorganization and formation of a mid-tier holding company (the “Company”). The scope, timing and fee structure for these appraisal services are described below.

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