West End Indiana Bancshares, Inc. Sample Contracts

WEST END BANK, S.B. AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • August 13th, 2013 • West End Indiana Bancshares, Inc. • State commercial banks • Indiana

This Amended and Restated Employment Agreement (this “Agreement”) is made effective as of June 25, 2013 (the “Effective Date”), by and between West End Bank, S.B., an Indiana-chartered savings bank (the “Bank”) and John P. McBride (“Executive”). The Bank and Executive are sometimes collectively referred to herein as the “parties.” Any reference to the “Company” shall mean West End Indiana Bancshares, Inc., the stock holding company of the Bank. The Company is a signatory to this Agreement for the purpose of guaranteeing the Bank’s performance hereunder.

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SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • July 1st, 2016 • West End Indiana Bancshares, Inc. • State commercial banks • Indiana

This Salary Continuation Agreement (the “Agreement”) by and between West End Bank, located in Richmond, Indiana (the “Employer”), and Timothy R. Frame (the “Executive”), effective the 1st day of July, 2016, formalizes the agreements and understanding between the Employer and the Executive.

WEST END BANK, S.B. AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • August 24th, 2018 • West End Indiana Bancshares, Inc. • State commercial banks • Indiana

This Amended and Restated Employment Agreement (this "Agreement") is made effective as of August 22, 2018 (the "Effective Date"), by and between West End Bank, S.B., an Indiana-chartered savings bank (the "Bank") and Timothy R. Frame ("Executive"). The Bank and Executive are sometimes collectively referred to herein as the "parties." Any reference to the "Company" shall mean West End Indiana Bancshares, Inc., the stock holding company of the Bank. The Company is a signatory to this Agreement for the purpose of guaranteeing the Bank's performance hereunder.

March 28, 2011
West End Indiana Bancshares, Inc. • July 12th, 2011 • New York

This letter confirms the engagement of Keefe, Bruyette & Woods, Inc. (“KBW”) to act as the conversion agent to West End Bank, MHC (the “MHC”), West End Bancshares, Inc. (the “Bancshares”), and West End Bank, S.B. (the “Bank”) in connection with the proposed conversion and reorganization from the mutual holding company form of organization to a stock holding company form of organization pursuant to a Plan of Conversion and Reorganization to be adopted by the MHC, the Bancshares, and the Bank (the “Reorganization”). In order to effect the Reorganization, it is contemplated that the MHC will merge into the Bancshares and the Bancshares will merge into a new stock holding company (the “Holding Company”) and that the Holding Company will offer and sell shares of its common stock (the “Common Stock”) to eligible persons in a Subscription Offering, with any remaining shares offered to the general public in a Community Offering (the Subscription Offering, the direct Community Offering and any

RP® FINANCIAL, LC. Serving the Financial Services Industry Since 1988
West End Indiana Bancshares, Inc. • July 12th, 2011

This letter sets forth the agreement between West End Bank, S.B., Richmond, Indiana (the “Bank”), the wholly-owned stock subsidiary of West End Bank, MHC, and RP® Financial, LC. (“RP Financial”) for independent appraisal services in connection with the stock to be issued concurrent with the mutual-to-stock conversion transaction and stock bank holding company reorganization.

RESTATED DIRECTOR RETIREMENT PLAN FOR JOHN HITCH WEST END SAVINGS BANK Richmond, Indiana March 1, 2004 Financial Institution Conssulting Corporation Memphis, Tennessee 38117 WATS: 1-800-873-0089 FAX: (901) 684-7414
Director Retirement Plan • July 12th, 2011 • West End Indiana Bancshares, Inc.

This Restated Director Retirement Plan (the “Agreement”), effective as of the 1st day of March, 2004, restates the Directors Retirement Plan and the Joinder Agreement for John Hitch attached thereto which were effective January 1, 2000, and formalizes the understanding by and between WEST END SAVINGS BANK (the “Bank”), a state chartered savings bank having its principal place of business in Richmond, Indiana, and JOHN HITCH (hereinafter referred to as “Director”).

AMENDMENT NUMBER ONE EMPLOYMENT AGREEMENT WITH TIMOTHY R. FRAME
Employment Agreement • February 3rd, 2015 • West End Indiana Bancshares, Inc. • State commercial banks • Indiana

This Amendment Number One (the “Amendment”) to the employment agreement (the “Employment Agreement”) between West End Bank, S.B. (the “Bank”) and Timothy R. Frame (“Executive”) is made effective as of January 28, 2015. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Employment Agreement.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR JOHN MCBRIDE WEST END BANK RICHMOND, INDIANA JANUARY 1, 2007 Financial Institution Consulting Corporation Memphis, Tennessee 38117 WATS: 1-800-873-0089 FAX: (901) 684-7414
Supplemental Executive Retirement Plan • July 12th, 2011 • West End Indiana Bancshares, Inc.

This Supplemental Executive Retirement Plan (the “Agreement”), effective as of January 1, 2007, formalizes the understanding by and between West End Bank (the “Bank”), a state chartered savings bank having its principal place of business in Indiana, and John McBride (hereinafter referred to as “Executive”).

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