0001144204-10-014385 Sample Contracts

Loan Agreement with First Tennessee Bank, N.A. LOAN AGREEMENT
Loan Agreement • March 18th, 2010 • Mutualfirst Financial Inc • State commercial banks • Tennessee

THIS LOAN AGREEMENT (as amended, restated or supplemented or otherwise modified from time to time, hereinafter called the “Agreement”) made and entered into this 21st day of December, 2009, (“Effective Date”) by and between MutualFirst Financial, Inc., a Maryland corporation, (hereinafter called “Borrower”) and FIRST TENNESSEE BANK NATIONAL ASSOCIATION, a national banking association having its principal office located in Memphis, Tennessee (“Lender”).

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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.

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

This Incentive Stock Option Award is granted by MutualFirst Financial, Inc. (the “Company”) to [Name] (the “Option Holder”) in accordance with the terms of this Incentive 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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