1,164,375 Shares (subject to increase up to 1,339,031 shares in the event of an increase in the pro forma market value of the Company’s Common Stock) SFSB, Inc. (a federal stock holding company) Common Stock (par value $.01 per share) AGENCY AGREEMENTAgency Agreement • November 2nd, 2004 • SFSB, Inc. • Savings institution, federally chartered • New York
LOAN AGREEMENTLoan Agreement • January 5th, 2005 • SFSB, Inc. • Savings institution, federally chartered • Maryland
THIS LOAN AGREEMENT (this “Loan Agreement” or this “Agreement”) is made and entered into as of the 30th day of December, 2004, by and between the SLAVIE FEDERAL SAVINGS BANK TRUST (“Borrower”), a trust forming part of the Slavie Federal Savings Bank Employee Stock Ownership Plan (“ESOP”); and SFSB, INC. (“Lender”), a corporation organized and existing under the laws of the United States of America.
EMPLOYMENT AGREEMENTEmployment Agreement • March 30th, 2005 • SFSB, Inc. • Savings institution, federally chartered • Maryland
THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made as of the 30th day of December, 2004, between Slavie Federal Savings Bank (the “Bank” or “Employer”), a capital stock federal savings bank chartered by the United States and a wholly owned subsidiary of SFSB, Inc. and Philip E. Logan, a resident of the State of Maryland (the “Employee”).
ADVANCES AND SECURITY AGREEMENTAdvances and Security Agreement • March 30th, 2006 • SFSB, Inc. • Savings institution, federally chartered • Georgia
This ADVANCES AND SECURITY AGREEMENT (this “Agreement”), dated as of the earlier of the date of execution by the Bank (as hereinafter defined) and July 15, 2004, is entered into between Slavie Federal Savings Bank, a federal savings and loan association organized under the laws of the United States of America and located in the state of Maryland, having its principal place of business at 1614 Churchville Road, Bel Air, MD 21015-4804 (the “Borrower”) and the Federal Home Loan Bank of Atlanta, a corporation organized and existing under the laws of the United States, having its principal office at 1475 Peachtree Street, N.E., Atlanta, Georgia 30309 (the “Bank”).
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • August 15th, 2005 • SFSB, Inc. • Savings institution, federally chartered
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (the “First Amendment”) is made as of the 7th day of June, 2005, by and between Slavie Federal Savings Bank, a capital stock savings bank chartered by the United States (“Employer”) and Sophie T. Wittelsberger, a resident of the State of Maryland (the “Employee”).
May 20, 2004SFSB, Inc. • September 20th, 2004
This letter sets forth the agreement between Slavie Federal Savings Bank (“Slavie Federal”) and Feldman Financial Advisors, Inc. (“FFA”), whereby Slavie Federal has engaged FFA to provide an independent appraisal of the estimated aggregate pro forma market value (the “Valuation”) of the shares of common stock that are to be outstanding upon completion of the reorganization of Slavie Federal into the mutual holding company structure (the “Reorganization”), including formation of a mid-tier stock holding company and minority stock offering by the mid-tier stock holding company.
Terms of Employment Arrangement between Slavie Federal Savings Bank and Charles E. WagnerSFSB, Inc. • March 31st, 2009 • Savings institution, federally chartered
Mr. Wagner is employed on an at-will basis at a rate of pay of $87,360.00 as of January 1, 2009. Mr. Wagner is also eligible to receive annual salary increases as determined by the Compensation Committee of the Board of Directors and an annual bonus as determined by the Compensation Committee of the Board of Directors. He is also entitled to all benefits available to full-time employees of Slavie Federal Savings Bank. Mr. Wagner received a bonus of $23,596.04 for 2008, which was paid in March, 2009.
Terms of Employment Arrangement between Slavie Federal Savings Bank and Philip E. LoganSFSB, Inc. • March 31st, 2009 • Savings institution, federally chartered
Mr. Logan is employed on an at-will basis at a rate of pay of $125,840.00 as of January 1, 2009. Mr. Logan is also eligible to receive annual salary increases as determined by the Compensation Committee of the Board of Directors and an annual bonus as determined by the Compensation Committee of the Board of Directors. He is also entitled to all benefits available to full-time employees of Slavie Federal Savings Bank. Mr. Logan received a bonus of $46,453.67 for 2008, which was paid in March, 2009.
SFSB, Inc. EMPLOYEE STOCK OPTION AGREEMENTEmployee Stock Option Agreement • August 5th, 2005 • SFSB, Inc. • Savings institution, federally chartered
This Stock Option Agreement is entered into as of the ___day of ___, 2005 by and between SFSB, Inc. (the “Company”), a Maryland corporation, and ______(“Grantee”).
SFSB, INC. DIRECTOR STOCK OPTION AGREEMENTDirector Stock Option Agreement • August 5th, 2005 • SFSB, Inc. • Savings institution, federally chartered
This Stock Option Agreement is entered into as of the ___day of ___2005 by and between SFSB, Inc. (the “Company”), a Maryland corporation, and (“Grantee”).
SFSB, Inc. FORM OF RESTRICTED STOCK AGREEMENTRestricted Stock Agreement • August 26th, 2005 • SFSB, Inc. • Savings institution, federally chartered • Maryland
Slavie Federal Savings Bank Letterhead]SFSB, Inc. • March 30th, 2006 • Savings institution, federally chartered
Terms of Employment Arrangement between Slavie Federal Savings Bank and Sophie Torin WittelsbergerSFSB, Inc. • March 31st, 2009 • Savings institution, federally chartered
Mrs. Wittelsberger is employed on an at-will basis at a rate of pay of $71,760.00 as of January 1, 2009. Mrs. Wittelsberger is also eligible to receive annual salary increases as determined by the Compensation Committee of the Board of Directors and an annual bonus as determined by the Compensation Committee of the Board of Directors. She is also entitled to all benefits available to full-time employees of Slavie Federal Savings Bank. Mrs. Wittelsberger received a bonus of $15,007.63 for 2008, which was paid in March, 2009.
