Affinity Bancshares, Inc. Sample Contracts

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INCENTIVE STOCK OPTION AWARD AGREEMENT
Incentive Stock Option Award Agreement • May 25th, 2022 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered • Georgia

This stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the Affinity Bancshares, Inc. 2022 Equity Incentive Plan (the “Plan”) of Affinity Bancshares, Inc. (the “Company”), which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and related prospectus have been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (the “Committee”) or the Board of Directors will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company”

FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT
Non-Qualified Stock Option Award Agreement • May 25th, 2022 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered • Georgia

This Non-Qualified Stock Option Agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the Affinity Bancshares, Inc. 2022 Equity Incentive Plan (the “Plan”) of Affinity Bancshares, Inc. (the “Company”), which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and related prospectus have been provided to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee appointed to administer the Plan (the “Committee”) or the Board of Directors will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the t

EMPLOYMENT AGREEMENT
Employment Agreement • August 3rd, 2022 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered • Georgia

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of May 24, 2021 (the “Effective Date”), by and among Affinity Bancshares, Inc., a federally-charted corporation organized under the laws of the United States of America (the “Company”), Affinity Bank, a federally-chartered savings association organized under the laws of the United States of America (the “Bank” and together with the Company, the “Employer”), and Brandi Pajot, a resident of the State of Georgia (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • March 18th, 2022 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered • Georgia

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of August 19, 2019 by and among Newton Federal Bank, a federally-chartered savings association organized under the laws of the United States of America (the “Bank”), Community First Bancshares, Inc., a federally-charted corporation organized under the laws of the United States of America (the “Company”), as a guarantor under the Agreement, and Clark Nelson, a resident of the State of Georgia (the “Executive”).

Mr. Edward J. Cooney Chief Executive Officer Community First Bancshares, Inc. / Newton Federal Bank Covington, GA 30014 Dear Mr. Cooney:
Affinity Bancshares, Inc. • September 11th, 2020 • Georgia

This letter sets forth the agreement between Newton Federal Bank, Covington, Georgia (the “Bank”), wholly-owned by Community First Bancshares, Inc. (the “Company”), which in turn is the mid-tier holding company majority owned by Community First Bancshares, MHC (the “MHC”), collectively, “Community First” or the “Company,” and RP® Financial, LC. (“RP Financial”), whereby RP Financial will provide the independent conversion appraisal services in conjunction with Community First’s second step conversion offering.

AFFINITY BANCSHARES, INC.
Restricted Stock Award Agreement • April 1st, 2021 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered

This notice is provided to you as a recipient of a Restricted Stock Award (“Restricted Stock Award”) under the Affinity Bancshares, Inc. 2018 Equity Incentive Plan (formerly known as the “Community First Bancshares, Inc. 2018 Equity Incentive Plan”) (the “Plan”).

AMENDMENT 1 TO EMPLOYMENT AGREEMENT
Employment Agreement • August 3rd, 2022 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered

THIS AMENDMENT 1 TO EMPLOYMENT AGREEMENT (this “Amendment 1”) is made and entered into as of August 2, 2022, by and between Affinity Bancshares, Inc., a Maryland Corporation (the “Corporation”), Affinity Bank, a federally-chartered savings association organized under the laws of the United States of America (the “Bank”) and Brandi Pajot (the “Executive”).

AFFINITY BANCSHARES, INC.
Incentive Stock Option Award Agreement • April 1st, 2021 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered

This notice is provided to you as a recipient of a stock option award (“Stock Option”) under the Affinity Bancshares, Inc. 2018 Equity Incentive Plan (formerly known as the “Community First Bancshares, Inc. 2018 Equity Incentive Plan”) (the “Plan”).

RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • May 25th, 2022 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered • Georgia

This restricted stock agreement (“Restricted Stock Award” or “Agreement”) is and will be subject in every respect to the provisions of the 2022 Equity Incentive Plan (the “Plan”) of Affinity Bancshares, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided or made available to each person granted a Restricted Stock Award pursuant to the Plan. The holder of this Restricted Stock Award (the “Participant”) hereby accepts this Restricted Stock Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Committee of the Board of Directors of the Company (the “Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term

AFFINITY BANCSHARES, INC.
Non-Qualified Stock Option Award Agreement • April 1st, 2021 • Affinity Bancshares, Inc. • Savings institutions, not federally chartered

This notice is provided to you as a recipient of a stock option award (“Stock Option”) under the Affinity Bancshares, Inc. 2018 Equity Incentive Plan (formerly known as the “Community First Bancshares, Inc. 2018 Equity Incentive Plan”) (the “Plan”).

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