----

| 1.1 | “Accrual      Balance” means the liability that should be accrued by the Bank,      under generally accepted accounting principles (“GAAP”), for the Bank’s      obligation to the Executive under this Agreement, by applying Accounting      Principles Board Opinion Number 12 (“APB 12”) as amended by Statement of      Financial Accounting Standards Number 106 (“FAS 106”) and the Discount      Rate.  Unless otherwise specified herein, any one of a variety      of amortization methods may be used to determine the Accrual      Balance.  However, once chosen, the method must be consistently      applied. |
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| 1.2 | “Beneficiary”      means each designated person or entity, or the estate of the deceased      Executive, entitled to any benefits upon the death of the Executive      pursuant to Article 4. |
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| 1.3 | “Beneficiary      Designation Form” means the form established from time to time by      the Plan Administrator that the Executive completes, signs and returns to      the Plan Administrator to designate one or more    Beneficiaries. |
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| 1.4 | “Board” means      the Board of Directors of the Bank as from time to time      constituted. |
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| 1.5 | “Change in      Control” shall mean any of thefollowing: |
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----

|   | (i) | a      change in the ownership of the Bank or the MFB Corp., which shall occur on      the date that any one person, or more than one person acting as a group,      acquires ownership of stock of the Bank or the MFB Corp. that, together      with stock held by such person or group, constitutes more than fifty      percent (50%) of the total fair market value or total voting power of the      stock of the Bank or the MFB Corp..  Such acquisition may occur      as a result of a merger of the MFB Corp. or the Bank into another entity      which pays consideration for the shares of capital stock of the merging      MFB Corp. or Bank.  However, if any one person, or more than one      person acting as a group, is considered to own more than fifty percent      (50%) of the total fair market value or total voting power of the stock of      the Bank or the MFB Corp., the acquisition of additional stock by the same      person or persons is not considered to cause a change in the ownership of      the Bank or the MFB Corp. (or to cause a change in the effective control      of the Bank or the MFB Corp. (within the meaning of subsection      (ii)).  An increase in the percentage of stock owned by any one      person, or persons acting as a group, as a result of a transaction in      which the Bank or the MFB Corp. acquires its stock in exchange for      property will be treated as an acquisition of stock for purposes of this      subsection.  This subsection applies only when there is a      transfer of stock of the Bank or the MFB Corp. (or issuance of stock of      the Bank or the MFB Corp.) and stock in the Bank or the MFB Corp. remains      outstanding after the transaction. |
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|   | (ii) | a      change in the effective control of the Bank or the MFB Corp., which shall      occur only on either of the followingdates: |
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|   | 1) | the      date any one person, or more than one person acting as a group acquires      (or has acquired during the 12 month period ending on the date of the most      recent acquisition by such person or persons) ownership of stock of the      Bank or the MFB Corp. possessing thirty percent (30%) or more of the total      voting power of the stock of the Bank or the MFB  Corp. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2) | the      date a majority of members of the MFB Corp.’s board of directors is      replaced during any 12 month period by directors whose appointment or      election is not endorsed by a majority of the members of the MFB Corp.’s      board of directors before the date of the appointment or election;      provided, however, that this provision shall not apply if another      corporation is a majority shareholder of the MFB  Corp. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | a      change in the ownership of a substantial portion of the Bank’s assets,      which shall occur on the date that any one person, or more than one person      acting as a group, acquires (or has acquired during the 12 month period      ending on the date of the most recent acquisition by such person or      persons) assets from the Bank that have a total gross fair market value      equal to or more than forty percent (40%) of the total gross fair market      value of all of the assets of the Bank immediately before such acquisition      or acquisitions.  For this purpose, gross fair market value      means the value of the assets of the Bank, or the value of the assets      being disposed of, determined without regard to any liabilities associated      with such assets.  No change in control occurs under this      subsection (iii) when there is a transfer to an entity that is controlled      by the shareholders of the Bank immediately after the      transfer.  A transfer of assets by the Bank is not treated as a      change in the ownership of such assets if the assets are transferred      to: |
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----

|   | 1) | a      shareholder of the Bank (immediately before the asset transfer) in      exchange for or with respect to itsstock; |
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|   | 2) | an      entity, 50 percent or more of the total value or voting power of which is      owned, directly or indirectly, by theBank. |
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|   | 3) | a      person, or more than one person acting as a group, that owns, directly or      indirectly, 50 percent or more of the total value or voting power of all      the outstanding stock of the Bank;or |
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|   | 4) | an      entity, at least 50 percent of the total value or voting power of which is      owned, directly or indirectly, by a person described in paragraph      (iii). |
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|   | (iv) | For      purposes of this section, persons will not be considered to be acting as a      group solely because they purchase or own stock of the same corporation at      the same time, or as a result of the same public      offering.  Persons will be considered to be acting as a group if      they are owners of a corporation that enters into a merger, consolidation,      purchase or acquisition of stock, or similar business transaction with the      Bank or the MFB Corp.; provided, however, that they will not be considered      to be acting as a group if they are owners of an entity that merges into      the Bank or the MFB Corp. where the Bank or the MFB Corp. is the surviving      corporation. |
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| 1.6 | “Code” means the      Internal Revenue Code of 1986, as amended, and all regulations and      guidance thereunder, including such regulations and guidance as may be      promulgated after the EffectiveDate. |
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| 1.7 | “Disability”      means the Executive: (i) is unable to engage in any substantial gainful      activity by reason of any medically determinable physical or mental      impairment which can be expected to result in death or can be expected to      last for a continuous period of not less than twelve (12) months; or (ii)      is, by reason of any medically determinable physical or mental impairment      which can be expected to result in death or can be expected to last for a      continuous period of not less than twelve (12) months, receiving income      replacement benefits for a period of not less than three (3) months under      an accident and health plan covering employees or directors of the      Bank.  Medical determination of Disability may be made by either      the Social Security Administration or by the provider of disability      insurance covering employees or directors of the Bank provided that the      definition of “disability” applied under such insurance program complies      with the requirements of the preceding sentence.  Upon the      request of the Plan Administrator, the Executive must submit proof to the      Plan Administrator of the Social Security Administration’s or the      provider’s determination. |
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----

| 1.8 | “Discount Rate”      means the rate used by the Plan Administrator for determining the Accrual      Balance.  The initial Discount Rate is six percent      (6.0%).  However, the Plan Administrator, in its discretion, may      adjust the Discount Rate to maintain the rate within reasonable standards      according to GAAP and/or applicable bank regulatory    guidance. |
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| 1.9 | “Early      Termination” means the Executive’s Separation from Service before      attainment of Normal Retirement Age except when such Separation from      Service occurs within twenty-four (24) months following a Change in      Control, as a result of a Termination for Cause, or as a result of      Executive’s voluntary Separation from Service as a result of his      resignation. |
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| 1.10 | “Effective Date”      means September 18, 2007. |
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| 1.11 | “Normal Retirement      Age” means the Executive’s age sixty  (60). |
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| 1.12 | “Plan      Administrator” means the Board or such committee or person as the      Board shall appoint. |
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| 1.13 | “Plan Year”      means each twelve (12) month period commencing on September 1 and ending      on August 31 of each year.  The initial Plan Year shall commence      on the Effective Date of this Agreement and end on the following August      31. |
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| 1.14 | “Separation      from Service means      termination of the Executive’s employment with the Bank for reasons other      than death or Disability.  Whether a Separation from Service has      occurred is determined in accordance with the      requirements of Code Section 409A based on whether the facts and      circumstances indicate that the Bank and Executive reasonably anticipated      that no further services would be performed after a certain date or that      the Executive would continue to provide services after such date (whether      as an employee or as an independent contractor) at an annual rate that is      less than fifty percent (50%) of the bona fide services performed (whether      as an employee or an independent contractor) during the immediately      preceding twelve (12) monthperiod. |
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| 1.15 | “Specified      Employee” means an employee who at the time of Separation from      Service is a key employee of the Bank or MFB Corp., if any stock of the      Bank or MFB Corp. is publicly traded on an established securities market      or otherwise.  For purposes of this Agreement, an employee is a      key employee if the employee meets the requirements of Code Section      416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the      regulations thereunder and disregarding section 416(i)(5)) at any time      during the twelve (12) month period ending on December 31 (the      “identification period”).  If the employee is a key employee      during an identification period, the employee is treated as a key employee      for purposes of this Agreement during the twelve (12) month period that      begins on the first day of April following the close of the identification      period. |
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----

| 1.16 | “Termination for      Cause” means Separation from Service for: (i) personal dishonesty,      (ii) incompetence, (iii) willful misconduct, (iv) breach of fiduciary duty      involving personal profit, (v) intentional failure to perform stated      duties, (vi) willful violation of any law, rule, or regulation (other than      traffic violations or similar offenses) or final cease-and-desist order,      or (vii) any material breach of any term, condition or covenant of this      Agreement. |
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| 2.1 | Normal Retirement      Benefit.  Upon Separation from Service after attaining      Normal Retirement Age, the Bank shall distribute to the Executive the      benefit described in this Section 2.1 in lieu of any other benefit under      this Article. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2.1.1 | Amount of      Benefit.  The benefit under this Section 2.1 is an      Accrual Balance needed to support an annual payment for fifteen (15) years      of Sixty Thousand Dollars ($60,000) beginning at Normal Retirement      Age.  For every Plan Year or portion thereof from Normal      Retirement Age until Separation from Service, the Accrual Balance shall be      increased by the Discount Rate. |
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|  | 2.1.2 | Distribution of      Benefit.  The Bank shall distribute the benefit to the      Executive in one hundred eighty (180) equal monthly installments      commencing on the first day of the month following Separation of      Service. |
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| 2.2 | Resignation.  If      Executive resigns resulting in a voluntary Separation from Service, the      Bank shall distribute to the Executive the benefit described in this      Section 2.2 in lieu of any other benefit under this    Article. |
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|  | 2.2.1 | Amount of      Benefit.  The benefit under this Section 2.2 is the one      hundred percent (100%) of the Accrual Balance determined as of the end of      the month preceding Separation fromService. |
|--|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2.2.2 | Distribution of      Benefit.  The Bank shall distribute the benefit to the      Executive in thirty-six (36) equal monthly installments commencing within      sixty (60) days following Separation from  Service. |
|--|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.3 | Early Termination      Benefit.  If Early Termination occurs, the Bank shall      distribute to the Executive the benefit described in this Section 2.3 in      lieu of any other benefit under thisArticle. |
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|  | 2.3.1 | Amount of      Benefit.  The benefit under this Section 2.3 is the      present value of one hundred percent (100%) of the Normal Retirement      Benefit amount described in Section 2.1.1, computed using the actuarial      factors that would be used to compute the present value of benefits under      § 280G of the Code. |
|--|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2.3.2 | Distribution of      Benefit.  The Bank shall distribute the benefit to the      Executive in thirty-six (36) equal monthly installments commencing within      sixty (60) days following Separation from  Service. |
|--|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.4 | Disability      Benefit.  If the      Executive experiences a Disability prior to Normal Retirement Age, the      Bank shall distribute to the Executive the benefit described in this      Section 2.3 in lieu of any other benefit under this    Article. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2.4.1 | Amount of      Benefit.  The      benefit under this Section 2.3 is one hundred percent (100%) of the      Accrual Balance determined as of the end of the month preceding such      Disability. |
|--|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2.4.2 | Distribution of      Benefit.  The Bank shall distribute the benefit to the      Executive in one hundred eighty (180) equal monthly installments      commencing on the first  day of the month following      determination of Disability. |
|--|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.5 | Change in Control      Benefit.  If a Change in Control occurs followed within      twenty-four (24) months by Separation from Service prior to Normal      Retirement Age, the Bank shall distribute to the Executive the benefit      described in this Section 2.4 in lieu of any other benefit under this      Article. |
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|  | 2.5.1 | Amount of      Benefit.  The      benefit under this Section 2.4 is the present value of one hundred percent      (100%) of the Normal Retirement Benefit amount described in Section 2.1.1,      computed using the actuarial factors that would be used to compute the      present value of benefits under § 280G of the  Code. |
|--|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2.5.2 | Distribution of      Benefit.  The Bank shall      distribute the benefit to the Executive in a lump sum within sixty (60)      days following Separation fromService. |
|--|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 2.5.3 | Parachute      Payments.  Notwithstanding any provision of this      Agreement to the contrary, and to the extent allowed by Code Section 409A,      if any benefit payment under this Section 2.4 would be treated as an      “excess parachute payment” under Code Section 280G, the Bank shall reduce      such benefit payment to the extent necessary to avoid treating such      benefit payment as an excess parachutepayment. |
|--|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.6 | Restriction on      Commencement of Distributions.  Notwithstanding any provision      of this Agreement to the contrary, if the Executive is considered a      Specified Employee, the provisions of this Section 2.5 shall govern all      distributions hereunder.  If benefit distributions which would      otherwise be made to the Executive due to Separation from Service are      limited because the Executive is a Specified Employee, then such      distributions shall not be made during the first six (6) months following      Separation from Service.  Rather, any distribution which would      otherwise be paid to the Executive during such period shall be accumulated      and paid to the Executive in a lump sum on the first day of the seventh      month following Separation from Service.  All subsequent      distributions shall be paid in the manner  specified. |
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| 2.7 | Distributions Upon      Taxation of Amounts Deferred. If, pursuant to Code Section 409A,      the Federal Insurance Contributions Act or other state, local or foreign      tax, the Executive becomes subject to tax on the amounts deferred      hereunder, then the Bank may make a limited distribution to the Executive      in a manner that conforms to the requirements of Code section      409A.  Any such distribution will decrease the Executive’s      benefits distributable under thisAgreement. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.8 | Change in Form or      Timing of Distributions.  For distribution of benefits under      this Article 2, the Executive and the Bank may, subject to the terms of      Section 8.1, amend this Agreement to delay the timing or change the form      of distributions.  Any suchamendment: |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | may      not accelerate the time or schedule of any distribution, except as      provided in Code Section 409A; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

|   | (b) | must,      for benefits distributable under Sections 2.1, 2.2 and 2.4, delay the      commencement of distributions for a minimum of five (5) years from the      date the first distribution was originally scheduled to be made; and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | must      take effect not less than twelve (12) months after the amendment is      made. |
|--------|-----|------------------------------------------------------------------------------------------|

| 3.1 | Death During Active      Service.  If the Executive dies prior to Separation from      Service, the Bank shall distribute to the Beneficiary the benefit      described in this Section 3.1.  This benefit shall be      distributed in lieu of any benefit under Article  2. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 3.1.1 | Amount of      Benefit.  The benefit under this Section 3.1 is the      Normal Retirement Benefit amount described in Section    2.1.1. |
|--|-------|---------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 3.1.2 | Distribution of      Benefit.  The Bank shall distribute the annual benefit to      the Beneficiary in twelve (12) equal monthly installments for fifteen (15)      years commencing on the first day of the fourth month following the      Executive’s death. The Beneficiary shall be required to provide the      Executive’s death certificate to theBank. |
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| 3.2 | Death During      Distribution of a Benefit.  If the Executive dies after      any benefit distributions have commenced under this Agreement but before      receiving all such distributions, the Bank shall distribute to the      Beneficiary the remaining benefits at the same time and in the same      amounts they would have been distributed to the Executive had the      Executive survived. |
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| 3.3 | Death Before Benefit      Distributions Commence. If the Executive      is entitled to benefit distributions under this Agreement but dies prior      to the date that commencement of said benefit distributions are scheduled      to be made under this Agreement, the Bank shall distribute to the      Beneficiary the same benefits to which the Executive was entitled prior to      death, except that the benefit distributions shall be paid in the manner      specified in Section 3.1.2 and shall commence on the first day of the      fourth month following the Executive’sdeath. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.1 | In      General.  The Executive shall have the right, at any      time, to designate a Beneficiary to receive any benefit distributions      under this Agreement upon the death of the Executive.  The      Beneficiary designated under this Agreement may be the same as or      different from the beneficiary designated under any other plan of the Bank      in which the Executiveparticipates. |
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| 4.2 | Designation.  The      Executive shall designate a Beneficiary by completing and signing the      Beneficiary Designation Form and delivering it to the Plan Administrator      or its designated agent.  If the Executive names someone other      than the Executive’s spouse as a Beneficiary, the Plan Administrator may,      in its sole discretion, determine that spousal consent is required to be      provided in a form designated by the Plan Administrator, executed by the      Executive’s spouse and returned to the Plan Administrator.  The      Executive's beneficiary designation shall be deemed automatically revoked      if the Beneficiary predeceases the Executive or if the Executive names a      spouse as Beneficiary and the marriage is subsequently      dissolved.  The Executive shall have the right to change a      Beneficiary by completing, signing and otherwise complying with the terms      of the Beneficiary Designation Form and the Plan Administrator’s rules and      procedures.  Upon the acceptance by the Plan Administrator of a      new Beneficiary Designation Form, all Beneficiary designations previously      filed shall be cancelled.  The Plan Administrator shall be      entitled to rely on the last Beneficiary Designation Form filed by the      Executive and accepted by the Plan Administrator prior to the Executive’s      death. |
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| 4.3 | Acknowledgment.  No      designation or change in designation of a Beneficiary shall be effective      until received, accepted and acknowledged in writing by the Plan      Administrator or its designatedagent. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4 | No Beneficiary      Designation.  If the Executive dies without a valid      beneficiary designation, or if all designated Beneficiaries predecease the      Executive, then the Executive’s spouse shall be the designated      Beneficiary.  If the Executive has no surviving spouse, any      benefit shall be paid to the Executive'sestate. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.5 | Facility of      Distribution.  If the Plan Administrator determines in      its discretion that a benefit is to be distributed to a minor, to a person      declared incompetent or to a person incapable of handling the disposition      of that person’s property, the Plan Administrator may direct distribution      of such benefit to the guardian, legal representative or person having the      care or custody of such minor, incompetent person or incapable      person.  The Plan Administrator may require proof of      incompetence, minority or guardianship as it may deem appropriate prior to      distribution of the benefit.  Any distribution of a benefit      shall be a distribution for the account of the Executive and the      Beneficiary, as the case may be, and shall completely discharge any      liability under this Agreement for such distribution    amount. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 5.1 | Termination for      Cause.  Notwithstanding any provision of this Agreement      to the contrary, the Bank shall not distribute any benefit under this      Agreement if the Executive’s employment with the Bank is terminated by the      Bank or an applicable regulator due to a Termination for      Cause. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2 | Suicide or      Misstatement.  No benefit shall be distributed if the      Executive commits suicide within two (2) years after the Effective Date,      or if an insurance company which issued a life insurance policy covering      the Executive and owned by the Bank denies coverage (i) for material      misstatements of fact made by the Executive on an application for such      life insurance, or (ii) for any otherreason. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.3 | Removal. Notwithstanding      any provision of this Agreement to the contrary, the Bank shall not      distribute any benefit under this Agreement if the Executive is subject to      a final removal or prohibition order issued by an appropriate federal      banking agency pursuant to Section 8(e) of the Federal Deposit Insurance      Act.  Notwithstanding anything herein to the contrary, any      payments made to the Executive pursuant to this Agreement, or otherwise,      shall be subject to and conditioned upon compliance with 12 U.S.C. 1828      and FDIC Regulation 12 CFR Part 359, Golden Parachute Indemnification      Payments and any other regulations or guidance promulgated      thereunder. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1 | Plan Administrator      Duties.  The Plan Administrator shall administer this      Agreement according to its express terms and shall also have the      discretion and authority to (i) make, amend, interpret and enforce all      appropriate rules and regulations for the administration of this Agreement      and (ii) decide or resolve any and all questions, including      interpretations of this Agreement, as may arise in connection with this      Agreement to the extent the exercise of such discretion and authority does      not conflict with Code Section409A. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Agents.  In      the administration of this Agreement, the Plan Administrator may employ      agents and delegate to them such administrative duties as the Plan      Administrator sees fit, including acting through a duly appointed      representative, and may from time to time consult with counsel who may be      counsel to the Bank. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.3 | Binding Effect of      Decisions.  Any decision or action of the Plan      Administrator with respect to any question arising out of or in connection      with the administration, interpretation or application of this Agreement      and the rules and regulations promulgated hereunder shall be final and      conclusive and binding upon all persons having any interest in this      Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 6.4 | Indemnity of Plan      Administrator.  The Bank shall indemnify and hold      harmless the Plan Administrator against any and all claims, losses,      damages, expenses or liabilities arising from any action or failure to act      with respect to this Agreement, except in the case of willful misconduct      by the Plan Administrator. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.5 | Bank      Information.  To enable the Plan Administrator to perform      its functions, the Bank shall supply full and timely information to the      Plan Administrator on all matters relating to the date and circumstances      of the Executive’s death, Disability or Separation from Service, and such      other pertinent information as the Plan Administrator may reasonably      require. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.6 | Annual      Statement. The Plan Administrator shall provide to the Executive,      within one hundred twenty (120) days after the end of each Plan Year, a      statement setting forth the benefits to be distributed under this      Agreement. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1 | Claims      Procedure.  An Executive or Beneficiary (“claimant”) who      has not received benefits under this Agreement that he or she believes      should be distributed shall make a claim for such benefits as      follows: |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.1.1 | Initiation – Written      Claim.  The claimant initiates a claim by submitting to      the Plan Administrator a written claim for the benefits.  If      such a claim relates to the contents of a notice received by the claimant,      the claim must be made within sixty (60) days after such notice was      received by the claimant.  All other claims must be made within      one hundred eighty (180) days of the date on which the event that      caused the claim to arise occurred.  The claim must state with      particularity the determination desired by the  claimant. |
|--|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.1.2 | Timing of Plan      Administrator Response.  The Plan      Administrator shall respond to such claimant within ninety (90) days after      receiving the claim.  If the Plan Administrator determines that      special circumstances require additional time for processing the claim,      the Plan Administrator can extend the response period by an additional      ninety (90) days by notifying the claimant in writing, prior to the end of      the initial ninety (90) day period, that an additional period is      required.  The notice of extension must set forth the special      circumstances and the date by which the Plan Administrator expects to      render its decision. |
|--|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.1.3 | Notice of      Decision.  If the Plan Administrator denies part or all      of the claim, the Plan Administrator shall notify the claimant in writing      of such denial.  The Plan Administrator shall write the      notification in a manner calculated to be understood by the      claimant.  The notification shall set  forth: |
|--|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | The      specific reasons for thedenial; |
|--------|-----|------------------------------------------|

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|   | (b) | A      reference to the specific provisions of this Agreement on which the denial      is based; |
|--------|-----|--------------------------------------------------------------------------------------------------|

|   | (c) | A      description of any additional information or material necessary for the      claimant to perfect the claim and an explanation of why it is      needed; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | An      explanation of this Agreement’s review procedures and the time limits      applicable to such procedures; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------|

|   | (e) | A      statement of the claimant’s right to bring a civil action under ERISA      Section 502(a) following an adverse benefit determination on      review. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | Review      Procedure.  If the Plan Administrator denies part or all      of the claim, the claimant shall have the opportunity for a full and fair      review by the Plan Administrator of the denial as  follows: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2.1 | Initiation – Written      Request.  To initiate the review, the claimant, within      sixty (60) days after receiving the Plan Administrator’s notice of denial,      must file with the Plan Administrator a written request for      review. |
|--|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2.2 | Additional Submissions      – Information Access.  The claimant shall then have the      opportunity to submit written comments, documents, records and other      information relating to the claim.  The Plan Administrator shall      also provide the claimant, upon request and free of charge, reasonable      access to, and copies of, all documents, records and other information      relevant (as defined in applicable ERISA regulations) to the claimant’s      claim for benefits. |
|--|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2.3 | Considerations on      Review.  In considering the review, the Plan      Administrator shall take into account all materials and information the      claimant submits relating to the claim, without regard to whether such      information was submitted or considered in the initial benefit      determination. |
|--|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2.4 | Timing of Plan      Administrator Response.  The Plan Administrator shall      respond in writing to such claimant within sixty (60) days after receiving      the request for review.  If the Plan Administrator determines      that special circumstances require additional time for processing the      claim, the Plan Administrator can extend the response period by an      additional sixty (60) days by notifying the claimant in writing, prior to      the end of the initial sixty (60) day period, that an additional period is      required.  The notice of extension must set forth the special      circumstances and the date by which the Plan Administrator expects to      render its decision. |
|--|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | 7.2.5 | Notice of      Decision.  The Plan Administrator shall notify the      claimant in writing of its decision on review.  The Plan      Administrator shall write the notification in a manner calculated to be      understood by the claimant.  The notification shall set      forth: |
|--|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | The      specific reasons for thedenial; |
|--------|-----|------------------------------------------|

----

|   | (b) | A      reference to the specific provisions of this Agreement on which the denial      is based; |
|--------|-----|--------------------------------------------------------------------------------------------------|

|   | (c) | A      statement that the claimant is entitled to receive, upon request and free      of charge, reasonable access to, and copies of, all documents, records and      other information relevant (as defined in applicable ERISA regulations) to      the claimant’s claim for benefits;and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | A      statement of the claimant’s right to bring a civil action under ERISA      Section 502(a). |
|--------|-----|---------------------------------------------------------------------------------------------------------|

| 8.1 | Amendments.  This      Agreement may be amended only by a written agreement signed by the Bank      and the Executive.  However, the Bank may unilaterally amend      this Agreement to conform with written directives to the Bank from its      auditors or banking regulators or to comply with legislative changes or      tax law, including without limitation Code Section  409A. |
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| 8.2 | Plan Termination      Generally.  This Agreement may be terminated only by a      written agreement signed by the Bank and the Executive.  The      benefit shall be the Accrual Balance as of the date this Agreement is      terminated.  Except as provided in Section 8.3, the termination      of this Agreement shall not cause a distribution of benefits under this      Agreement.  Rather, upon such termination benefit distributions      will be made at the earliest distribution event permitted under Article 2      or Article 3. |
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| 8.3 | Plan Terminations      Under Code Section 409A.  Notwithstanding anything to the      contrary in Section 8.2, if the Bank terminates this Agreement in the      following circumstances: |
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|   | (a) | Within      thirty (30) days before or twelve (12) months after a Change in Control,      provided that all distributions are made no later than twelve (12) months      following such termination of this Agreement and further provided that      all the Bank's arrangements which would be aggregated under      Treasury Regulations Section 1.409A-1(c)(2) are terminated and liquidated      so the Executive and all participants in those arrangements are required      to receive all amounts of compensation deferred under the terminated      arrangements within twelve (12) months of such  termination; |
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|   | (b) | Upon      the Bank’s dissolution or with the approval of a bankruptcy court provided      that the amounts deferred under this Agreement are included in the      Executive's gross income in the latest of (i) the calendar year in which      this Agreement terminates; (ii) the calendar year in which the amount is      no longer subject to a substantial risk of forfeiture; or (iii) the first      calendar year in which the distribution is administratively practical;      or |
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|   | (c) | Upon      the Bank’s termination of this and all other arrangements that would be      aggregated with this Agreement pursuant to Treasury Regulations Section      1.409A-1(c) if the Executive participated in such arrangements (“Similar      Arrangements”), provided that (i) the termination and liquidation does not      occur proximate to a downturn in the financial health of the Bank, (ii)      all termination distributions are made no earlier than twelve (12) months      and no later than twenty-four (24) months following such termination, and      (iii) the Bank does not adopt any new arrangement that would be a Similar      Arrangement for a minimum of three (3) years following the date the Bank      takes all necessary action to irrevocably terminate and liquidate the      Agreement; |
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| 9.1 | Binding      Effect.  This Agreement shall bind the Executive and the      Bank and their beneficiaries, survivors, executors, administrators and      transferees. |
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| 9.2 | No Guarantee of      Employment.  This Agreement is not a contract for      employment.  It does not give the Executive the right to remain      as an employee of the Bank nor interfere with the Bank's right to      discharge the Executive.  It does not require the Executive to      remain an employee nor interfere with the Executive's right to terminate      employment at any time. |
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| 9.3 | Non-Transferability.  Benefits      under this Agreement cannot be sold, transferred, assigned, pledged,      attached or encumbered in anymanner. |
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| 9.4 | Tax Withholding and      Reporting.  The Bank shall withhold any taxes that are      required to be withheld, including but not limited to taxes owed under      Code Section 409A from the benefits provided under this      Agreement.  The Executive acknowledges that the Bank’s sole      liability regarding taxes is to forward any amounts withheld to the      appropriate taxing authorities.  The Bank shall satisfy all      applicable reporting requirements, including those under Code Section      409A. |
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| 9.5 | Applicable      Law.  This Agreement and all rights hereunder shall be      governed by the laws of the State of Indiana, except to the extent      preempted by the laws of the United States of  America. |
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| 9.6 | Unfunded      Arrangement.  The Executive and the Beneficiary are      general unsecured creditors of the Bank for the distribution of benefits      under this Agreement.  The benefits represent the mere promise      by the Bank to distribute such benefits.  The rights to benefits      are not subject in any manner to anticipation, alienation, sale, transfer,      assignment, pledge, encumbrance, attachment or garnishment by      creditors.  Any insurance on the Executive's life or other      informal funding asset is a general asset of the Bank to which the      Executive and Beneficiary have no preferred or secured    claim. |
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| 9.7 | Reorganization. The Bank shall      not merge or consolidate into or with another bank, or reorganize, or sell      substantially all of its assets to another bank, firm or person unless      such succeeding or continuing bank, firm or person agrees to assume and      discharge the obligations of the Bank under this      Agreement.  Upon the occurrence of such an event, the term      “Bank” as used in this Agreement shall be deemed to refer to the successor      or survivor entity. |
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| 9.8 | Entire      Agreement. This Agreement      constitutes the entire agreement between the Bank and the Executive as to      the subject matter hereof.  No rights are granted to the      Executive by virtue of this Agreement other than those specifically set      forth herein. |
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| 9.9 | Interpretation.  Wherever      the fulfillment of the intent and purpose of this Agreement requires and      the context will permit, the use of the masculine gender includes the      feminine and use of the singular includes the  plural. |
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| 9.10 | Alternative      Action.  In the event it shall become impossible for the      Bank or the Plan Administrator to perform any act required by this      Agreement due to regulatory or other constraints, the Bank or Plan      Administrator may perform such alternative act as most nearly carries out      the intent and purpose of this Agreement and is in the best interests of      the Bank, provided that such alternative act does not violate Code Section      409A. |
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| 9.11 | Headings.  Article      and section headings are for convenient reference only and shall not      control or affect the meaning or construction of any provision      herein. |
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| 9.12 | Validity.  If      any provision of this Agreement shall be illegal or invalid for any      reason, said illegality or invalidity shall not affect the remaining parts      hereof, but this Agreement shall be construed and enforced as if such      illegal or invalid provision had never been included    herein. |
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| 9.13 | Notice.  Any      notice or filing required or permitted to be given to the Bank or Plan      Administrator under this Agreement shall be sufficient if in writing and      hand-delivered or sent by registered or certified mail to the address      below: |
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| MFB      Financial                        |
|-------------------------------------------|
| 4100      Edison Lakes Parkway, Suite 300 |
| P.O.      Box 528                         |
| Mishawaka,      IN  46546-0528  |

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| 9.14 | Deduction Limitation      on Benefit Payments.  If the Bank reasonably anticipates      that the Bank’s deduction with respect to any distribution under this      Agreement would be limited or eliminated by application of Code Section      162(m), then to the extent deemed necessary by the Bank to ensure that the      entire amount of any distribution from this Agreement is deductible, the      Bank may delay payment of any amount that would otherwise be distributed      under this Agreement.  The delayed amounts shall be distributed      to the Executive (or the Beneficiary in the event of the Executive's      death) at the earliest date the Bank reasonably anticipates that the      deduction of the payment of the amount will not be limited or eliminated      by application of Code Section162(m). |
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| 9.15 | Compliance with      Section 409A.  This Agreement shall be interpreted and      administered consistent with Code Section409A. |
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| EXECUTIVE:             |   | MFB      FINANCIAL |
|------------------------|--------|--------------------|
|                   |   |               |
|                   |   | By:                |   |
| CHARLES      J. VIATER |   | Title:             | DONALD      R. KYLE, Executive |
|                   |   |               | Vice      President and Chief OperatingOfficer |

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