FORM OF] WOLVERINE BANK, F.S.B. EMPLOYMENT AGREEMENTEmployment Agreement • September 16th, 2010 • Wolverine Bancorp, Inc. • Michigan
This Employment Agreement (“Agreement”) by and between Wolverine Bank, F.S.B., whose principal offices are located at 5710 Eastman Avenue, Midland, Michigan, 48640 (“Bank” or “Employer”) and Rick A. Rosinski (“Executive”) is hereby entered into as of , 2010 (the “Effective Date”). Any reference herein to the “Company” shall mean Wolverine Bancorp, Inc., the parent holding company of the Bank.
WOLVERINE BANK LONG TERM INCENTIVE PLANLong Term Incentive Plan • September 16th, 2010 • Wolverine Bancorp, Inc. • Michigan
Wolverine Bank (the “Company”) and David H. Dunn (the “Participant”) hereby enter into this Long Term Incentive Plan (the “Plan”) agreement for the purpose of retaining the services of the Participant and rewarding him for his contribution to the long term growth and profitability of the Company. The Plan shall be subject to the following terms and conditions.
WOLVERINE BANCORP, INC. up to 3,392,500 Shares (subject to increase up to 3,901,375 shares) COMMON SHARES ($0.01 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENTAgency Agreement • September 16th, 2010 • Wolverine Bancorp, Inc. • New York
RP® FINANCIAL, LC. Serving the Financial Services Industry Since 1988Wolverine Bancorp, Inc. • September 16th, 2010
This letter sets forth the agreement between Wolverine Bank, FSB, Midland, Michigan (the “Bank”), and RP® Financial, LC. (“RP Financial”) for independent conversion appraisal services pertaining to the Bank’s simultaneous holding company formation and mutual-to-stock conversion. The specific appraisal services to be rendered by RP Financial are described below. These services will be conducted by our senior consulting staff and will be directed by the undersigned.
