November 8, 2024 Marathon Bancorp Wausau, WI 54403 Attention: Nicholas W. ZillgesFinancial Advisory Agreement • December 13th, 2024 • Marathon Bancorp, Inc. /MD/ • Savings institutions, not federally chartered • Georgia
The purpose of this letter agreement (the “Agreement”) is to confirm the engagement of Janney Montgomery Scott LLC (“Janney”) to act as the exclusive financial advisor to Marathon MHC (“MHC”), Marathon Bancorp, Inc. (“MBBC”) and Marathon Bank (the “Bank” and, together with MHC, MBBC and the Bank, the “Company”) in connection with the MHC’s reorganization from a mutual holding company form of organization to a stock holding company form of organization (the “Reorganization”). In order to effect the Reorganization, it is contemplated that all of MBBC’s common stock to be outstanding after giving effect to the Reorganization will be issued by MBBC as a new class of common stock that will replace the existing common stock, and that MBBC will offer and sell shares of its common stock first to eligible persons pursuant to a Plan of Conversion and Reorganization (the “Plan”) in a Subscription Offering (the “Subscription Offering”) and any remaining shares to the general public in a Direct Com
October 14, 2024Appraisal Services Agreement • December 13th, 2024 • Marathon Bancorp, Inc. /MD/ • Savings institutions, not federally chartered
This letter sets forth the agreement between Marathon Bank, Wausau, Wisconsin (the “Bank”), the wholly-owned subsidiary of Marathon Bancorp, Inc., which in turn is the majority-owned subsidiary of Marathon MHC (the “MHC” and collectively, the “Company”), and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with the second step conversion transaction of the MHC. The scope, timing and fee structure for these appraisal services are described below. These conversion appraisal services will be directed by the undersigned, along with James J. Oren, Director, and supported by additional staff.
