2008 Stock Option and Incentive Sample Contracts

MUTUALFIRST FINANCIAL, INC.
2008 Stock Option and Incentive • March 18th, 2010 • Mutualfirst Financial Inc • State commercial banks

This Non-Qualified Stock Option Award is granted by MutualFirst Financial, Inc. (the “Company”) to [Name] (the “Option Holder”) in accordance with the terms of this Non-Qualified Stock Option Award Agreement (“Agreement”) and subject to the provisions of the MutualFirst Financial, Inc. 2008 Stock Option and Incentive Plan, as amended from time to time (“Plan”). The Plan is incorporated herein by reference.

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