0001571049-15-002497 Sample Contracts

SALARY CONTINUATION AGREEMENT OF DARLENE F. MCDONALD
Salary Continuation Agreement • March 31st, 2015 • First Clover Leaf Financial Corp. • Savings institution, federally chartered • Illinois

This Salary Continuation Agreement (the “Agreement”) by and between First Clover Leaf Bank NA, located in Edwardsville, Illinois (the “Employer”), and Darlene McDonald (the “Executive”), effective as of the 1st day of July 2014, formalizes the agreements and understanding between the Employer and the Executive.

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EMPLOYMENT AGREEMENT OF LISA M. FOWLER
Employment Agreement • March 31st, 2015 • First Clover Leaf Financial Corp. • Savings institution, federally chartered • Illinois

This Agreement is made by and between First Clover Leaf Bank, a federal savings bank (the “Bank”), with its principal office in Edwardsville, Illinois, and Lisa Fowler (“Executive”) and is effective as of January 1, 2008 (the “Effective Date”). References herein to the “Company” mean First Clover Leaf Financial Corp., a Maryland corporation that owns 100% of the common stock of the Bank on the Effective Date. The Company is a signatory to this Agreement for the sole purpose of guaranteeing the Bank’s performance hereunder.

FIRST CLOVER LEAF BANK FIRST AMENDMENT TO EMPLOYMENT AGREEMENT OF LISA M. FOWLER
Employment Agreement • March 31st, 2015 • First Clover Leaf Financial Corp. • Savings institution, federally chartered

WHEREAS, First Clover Leaf Bank (the "Bank") entered into an employment agreement (the "Agreement") with Lisa Fowler (the "Executive"), effective January 1, 2008; and

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT OF LISA M. FOWLER
Employee Agreement • March 31st, 2015 • First Clover Leaf Financial Corp. • Savings institution, federally chartered

This First Amendment (“Amendment”) is made effective as of November 9, 2011 by and between First Clover Leaf Bank (the "Bank"), with its principal office in Edwardsville, Illinois, and Lisa Fowler ("Executive").

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