0001193125-04-101668 Sample Contracts

LOAN AGREEMENT
Loan Agreement • June 10th, 2004 • SI Financial Group, Inc. • Connecticut

THIS LOAN AGREEMENT (“Loan Agreement”) is made and entered into as of the day of , 2004, by and between the SAVINGS INSTITUTE BANK AND TRUST COMPANY EMPLOYEE STOCK OWNERSHIP PLAN TRUST (“Borrower”), a trust forming part of the Savings Institute Bank and Trust Company Employee Stock Ownership Plan (“ESOP”); and SI FINANCIAL GROUP, INC. (“Lender”), a corporation organized and existing under the laws of the United States of America.

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FORM OF EMPLOYMENT AGREEMENT
Employment Agreement • June 10th, 2004 • SI Financial Group, Inc. • Connecticut

THIS AGREEMENT (the “Agreement”), made this th day of , 2004, by and among SI FINANCIAL GROUP, INC., a federally chartered corporation (the “Company”) SAVINGS INSTITUTE BANK AND TRUST COMPANY, a federally-chartered savings bank (the “Bank”), and (“Executive”).

FORM OF SAVINGS INSTITUTE BANK AND TRUST COMPANY CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • June 10th, 2004 • SI Financial Group, Inc. • Connecticut

This AGREEMENT (“Agreement”) is hereby entered into as of , 2004, by and between Savings Institute Bank and Trust Company (the “Bank”), a federally-chartered savings bank with its principal offices at 803 Main Street, Willimantic, Connecticut 06226, (“Executive”) and SI Financial Group, Inc. (the “Company”), a federally-chartered corporation and the holding company of the Bank, as guarantor.

FORM OF SAVINGS INSTITUTE DIRECTOR DEFERRED FEE AGREEMENT
Savings Institute • June 10th, 2004 • SI Financial Group, Inc. • Connecticut

THIS AGREEMENT is made this day of , 2003, by and between the Savings Institute (the “Bank”), a savings bank headquartered in Willimantic, Connecticut, and (the “Director”).

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