| Astoria      Federal Savingsand      Loan AssociationAnnual      Incentive Plan for  Select      Executives(Effective      December 21, 1988) |  AMENDMENT NO.      1 DRAFT      DATE:                                                               11/9/2009 |
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| 1. | Article      8 —      Effective December 31, 2008 article 8 shall be amended to read in its      entirety as follows: |
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|   | Astoria      Federal Savingsand      Loan Association |                                                                                                                                                                                                                            |
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|   |                                                  |                                                                                                                                                                                                                            |   |
|   | By:                                                   | /S/      Alan P.      Eggleston                                 |   |
|   |                                                  | Name: Alan P.      Eggleston                                                                                                                                                                                                    |   |
|   |                                                  | Title: Executive Vice      President. Secretary and General Counsel                                                                                                                                                             |   |
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|   | Date:                                                 |  November      12, 2009                                                                                                                                                                                                    |   |
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