Document:

<PAGE>

                                   EXHIBIT 4.0

               SPECIMEN STOCK CERTIFICATE OF LIBERTY BANCORP, INC.

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COMMON STOCK                                                        COMMON STOCK
CERTIFICATE NO. ___                                                   ___ SHARES
                                        See reverse side for certain definitions
                                                           CUSIP NO. 53017Q 10 2

                              LIBERTY BANCORP, INC.
                ORGANIZED UNDER THE LAWS OF THE STATE OF MISSOURI

THIS CERTIFIES THAT: ____________
                                   [SPECIMEN]

is the owner of: ________________

       FULLY PAID AND NONASSESSABLE SHARES OF COMMON STOCK $0.01 PAR VALUE
                       PER SHARE OF LIBERTY BANCORP, INC.
        A CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF MISSOURI.

     The shares represented by this certificate are transferable only on the
stock transfer books of Liberty Bancorp, Inc. (the "Company") by the holder of
record hereof, or by his duly authorized attorney or legal representative, upon
the surrender of this certificate properly endorsed. This certificate and the
shares represented hereby are issued and shall be held subject to all the
provisions of the Articles of Incorporation of the Company and any amendments
thereto (copies of which are on file with the Secretary of the Company), to all
of which provisions the holder by acceptance hereof, assents. This certificate
is not valid until countersigned and registered by the Company's Transfer Agent
and Registrar.

     THE SHARES ARE NOT A DEPOSIT ACCOUNT AND ARE NOT FEDERALLY INSURED OR
GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION.

     IN WITNESS WHEREOF, LIBERTY BANCORP, INC. has caused this certificate to be
executed by the signatures of its duly authorized officers and has caused its
corporate seal to be hereunto affixed.

Dated: ________   _________   [SEAL]   ___________________
                  President            Corporate Secretary

<PAGE>

     The Company will furnish without charge to each stockholder who so requests
the powers, designations, preferences and relative, participating, optional or
other special rights of each class of stock or series thereof and the
qualifications, limitations or restrictions of such preferences and/or rights.

     The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

<TABLE>
<S>                                        <C>
TEN COM - as tenants in common             UNIF GIFTS MIN ACT - __________ custodian __________
                                                                    (Cust)              (Minor)

TEN ENT - as tenants by the entireties                          under Uniform Gifts to Minors Act

                                                                ________________________
                                                                         (State)

JT TEN - as joint tenants with right of    UNIF TRF MIN ACT - __________ custodian (until age __)
         survivorship and not as tenants                          (Cust)
         in common                                            __________ under Uniform
                                                              Transfers to Minors Act _________
                                                                                        (State)
</TABLE>

     Additional abbreviations may also be used though not in the above list.

For value received __________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
IDENTIFICATION NUMBER OF ASSIGNEE

________________________________________________________________________________
Please print or typewrite name and address including postal zip code of
assignee.

_____________________________________________ shares of the common stock
represented by this certificate and do hereby irrevocably constitute and appoint

__________________________________________________________, attorney, to
transfer the said stock on the books of the within-named bank with full power of
substitution in the premises.

DATED ________                          ________________________________________
                                        NOTICE: THE SIGNATURE TO THIS ASSIGNMENT
                                        MUST CORRESPOND WITH THE NAME AS WRITTEN
                                        UPON THE FACE OF THE CERTIFICATE IN
                                        EVERY PARTICULAR WITHOUT ALTERATION OR
                                        ENLARGEMENT OR ANY CHANGE WHATEVER.

SIGNATURE GUARANTEED: __________________________________________________________
                      THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE
                      GUARANTOR INSTITUTION, (BANKS, STOCKBROKERS, SAVINGS AND
                      LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
                      APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT
                      TO S.E.C. RULE 17Ad-15<PAGE>

                                  EXHIBIT 10.1

                AMENDED AND RESTATED LIBERTY SAVINGS BANK, F.S.B.
                          EMPLOYEE STOCK OWNERSHIP PLAN

<PAGE>

                              AMENDED AND RESTATED
                              LIBERTY SAVINGS BANK
                          EMPLOYEE STOCK OWNERSHIP PLAN

                         EFFECTIVE AS OF OCTOBER 1, 2005

<PAGE>

                              AMENDED AND RESTATED
                              LIBERTY SAVINGS BANK
                          EMPLOYEE STOCK OWNERSHIP PLAN
                                  CERTIFICATION

     I, Brent Giles, President and Chief Executive Officer of Liberty Savings
Bank, hereby certify that the attached Amended and Restated Liberty Savings Bank
Employee Stock Ownership Plan, effective October 1, 2005, was adopted at a duly
held meeting of the Board of Directors of the Bank.

                                        LIBERTY SAVINGS BANK

                                        By: /s/ Brent Giles
                                            ------------------------------------
                                            Brent Giles
                                            President and Chief Executive
                                            Officer

<PAGE>

                               AMENDED AND RESTATED
                              LIBERTY SAVINGS BANK
                          EMPLOYEE STOCK OWNERSHIP PLAN

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                           <C>
Section 1  - Introduction...................................................   1
Section 2  - Definitions....................................................   2
Section 3  - Eligibility and Participation..................................   8
Section 4  - Contributions..................................................  10
Section 5  - Plan Accounting................................................  12
Section 6  - Vesting and Forfeitures........................................  18
Section 7  - Distributions..................................................  20
Section 8  - Voting of Company Stock and Tender Offers......................  25
Section 9  - The Committee and Plan Administration..........................  26
Section 10 - Rules Governing Benefit Claims................................   29
Section 11 - The Trust.....................................................   30
Section 12 - Adoption, Amendment and Termination...........................   31
Section 13 - General Provisions............................................   33
Section 14 - Top-Heavy Provisions..........................................   35
</TABLE>

<PAGE>

                                    SECTION 1
                                  INTRODUCTION

SECTION 1.01 NATURE OF THE PLAN.

Effective as of January 1, 1993, Liberty Savings Bank (the "Bank") adopted the
Liberty Savings Bank Employee Stock Ownership Plan (the "Plan") to enable
Eligible Employees (as defined in Section 2.01(o) of the Plan) to acquire stock
ownership interests in Liberty Savings Bank. This document constitutes a
restatement of the prior Plan document, and amendments thereto, in its entirety.
The provisions of this amendment and restatement are generally effective as of
October 1, 2005, except for retroactive effective dates required by the General
Agreement on Tariffs and Trade (GATT), the Uniformed Services Employment and
Reemployment Act of 1994 (USERRA), the Small Business Job Protection Act of 1996
(SBJPA), the Taxpayer Relief Act of 1997 (TRA '97) and the Internal Revenue
Service Restructuring and Reform Act of 1998 (RRA '98), or any final Department
of Treasury regulation published since the most recent effective date of the
Plan. The Plan reflects certain provisions of the Economic Growth and Tax Relief
Reconciliation Act of 2001 ("EGTRRA"). The provisions related to EGTRRA are
intended as good faith compliance with EGTRRA and the guidance issued
thereunder. To the extent any provision of the Plan was operated according to an
effective date earlier than as required by law, then such date shall be the
effective date with respect to that provision of the Plan.

The Bank intends this Plan to be a tax-qualified stock bonus plan under Section
401(a) of the Internal Revenue Code of 1986, as amended (the "Code"), and an
employee stock ownership plan within the meaning of Section 407(d)(6) of the
Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and
Sections 409 and 4975(e)(7) of the Code. The Plan is designed to invest
primarily in the common stock of the Company, which stock constitutes
"qualifying employer securities" within the meaning of Section 407(d)(5) of
ERISA and Sections 409(l) and 4975(e)(8) of the Code. Accordingly, the Plan and
Trust Agreement (as defined in Section 2.01(mm) of the Plan) shall be
interpreted and applied in a manner consistent with the Bank's intent for it to
be a tax-qualified plan designed to invest primarily in qualifying employer
securities.

SECTION 1.02 EMPLOYERS AND AFFILIATES.

The Bank and each of its Affiliates (as defined in Section 2.01(c) of the Plan)
that, with the consent of the Bank, adopt the Plan pursuant to the provisions of
Section 12.01 of the Plan are collectively referred to as the "Employers" and
individually as an "Employer." The Plan shall be treated as a single plan with
respect to all participating Employers.

                                       1

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                                    SECTION 2
                                   DEFINITIONS

SECTION 2.01 DEFINITIONS.

In this Plan, whenever the context so indicates, the singular or the plural
number and the masculine or feminine gender shall be deemed to include the
other, the terms "he," "his," and "him," shall refer to a Participant or
Beneficiary, as the case may be, and, except as otherwise provided, or unless
the context otherwise requires, the capitalized terms shall have the following
meanings:

(a)  "ACCOUNT" or "ACCOUNTS" mean a Participant's or Beneficiary's Company Stock
     Account and/or his Other Investments Account, as the context so requires.

(b)  "ACQUISITION LOAN" means a loan or other extension of credit, including an
     installment obligation to a "party in interest" (as defined in Section
     3(14) of ERISA) incurred by the Trustee in connection with the purchase of
     Company Stock.

(c)  "AFFILIATE" means any corporation, trade or business, which, at the time of
     reference, is together with the Bank, a member of a controlled group of
     corporations, a group of trades or businesses (whether or not incorporated)
     under common control, or an affiliated service group, as described in
     Sections 414(b), 414(c), and 414(m) of the Code, respectively, or any other
     organization treated as a single employer with the Bank under Section
     414(o) of the Code; provided, however, that, where the context so requires,
     the term "Affiliate" shall be construed to give full effect to the
     provisions of Sections 409(l)(4) and 415(h) of the Code.

(d)  "BANK" means Liberty Savings Bank, and any entity that succeeds to the
     business of the Liberty Savings Bank and adopts this Plan in accordance
     with the provisions of Section 12.02 of the Plan, or by written agreement
     assumes the obligations of the Plan.

(e)  "BENEFICIARY" means the person(s) entitled to receive benefits under the
     Plan following a Participant's death, pursuant to Section 7.03 of the Plan.

(f)  "CHANGE IN CONTROL" means any one of the following events occurs:

     (i)  Merger: The Company merges into or consolidates with another
          corporation, or merges another corporation into the Company, and as a
          result less than a majority of the combined voting power of the
          resulting corporation immediately after the merger or consolidation is
          held by persons who were stockholders of the Company immediately
          before the merger or consolidation;

     (ii) Acquisition of Significant Share Ownership: The Company files, or is
          required to file, a report on Schedule 13D or another form or schedule
          (other than Schedule 13G) required under Sections 13(d) or 14(d) of
          the Securities Exchange Act of 1934, if the schedule discloses that
          the filing person or persons acting in concert

                                       2

<PAGE>

          has or have become the beneficial owner of 25% or more of a class of
          the Company's voting securities, but this clause (b) shall not apply
          to beneficial ownership of Company voting shares held in a fiduciary
          capacity by an entity of which the Company directly or indirectly
          beneficially owns 50% or more of its outstanding voting securities;

     (iii) Change in Board Composition: During any period of two consecutive
          years, individuals who constitute the Company's Board of Directors at
          the beginning of the two-year period cease for any reason to
          constitute at least a majority of the Company's Board of Directors;
          provided, however, that for purposes of this clause (iii), each
          director who is first elected by the board (or first nominated by the
          board for election by the stockholders) by a vote of at least
          two-thirds (2/3) of the directors who were directors at the beginning
          of the two-year period shall be deemed to have also been a director at
          the beginning of such period; or

     (iv) Sale of Assets: The Company sells to a third party all or
          substantially all of its assets.

     Notwithstanding anything in this Plan to the contrary, in no event shall
     the reorganization of the Bank from the mutual holding company form of
     organization to the full stock holding company form of organization
     (including the elimination of the mutual holding company) constitute a
     "Change in Control" for purposes of this Plan.

(g)  "CODE" means the Internal Revenue Code of 1986, as amended.

(h)  "COMMITTEE" means the individual(s) responsible for the administration of
     the Plan in accordance with Section 9 of the Plan.

(i)  "COMPANY" means Liberty Bancorp, Inc. and any entity which succeeds to the
     business of Liberty Bancorp, Inc.

(j)  "COMPANY STOCK" means shares of the voting common stock or preferred stock,
     meeting the requirements of Section 409 of the Code and Section 407(d)(5)
     of ERISA, issued by the Company or its Affiliates.

(k)  "COMPANY STOCK ACCOUNT" means the account established and maintained in the
     name of each Participant or Beneficiary to reflect his share of the Trust
     Fund invested in Company Stock.

(l)  "COMPENSATION" means the amount of W-2 earnings paid to an Employee by the
     Employer (plus any amounts withheld from the Employee under a 401(k) Plan
     or cafeteria plan sponsored by the Employer, and any amounts withheld from
     the Employee under a plan sponsored by the Employer and described in
     Section 132(f)(4) of the Code) within a Plan Year.

                                       3

<PAGE>

     A Participant's Compensation shall not exceed the limit set forth in
     Section 401(a)(17) of the Code ($210,000 for Plan Years beginning January
     1, 2005). If the Plan Year for which a Participant's Compensation is
     measured is less than twelve (12) calendar months, then the amount of
     Compensation taken into account for such Plan Year shall be the adjusted
     amount for such Plan Year, as prescribed by the Secretary of the Treasury
     under Section 401(a)(17) of the Code, multiplied by a fraction, the
     numerator of which is the number of months taken into account for such Plan
     Year and the denominator of which is twelve (12). In determining the dollar
     limitation hereunder, Compensation received from an Affiliate shall be
     recognized as Compensation.

(m)  "DISABILITY" means a physical or mental condition of a Participant
     resulting from bodily injury, disease, or mental disorder which renders the
     Participant incapable of continuing any gainful occupation and which
     condition constitutes total disability under the federal Social Security
     Act. The Disability of a Participant shall be determined by the Plan
     Administrator, in its sole discretion.

(n)  "EFFECTIVE DATE" means October 1, 2005.

(o)  "ELIGIBLE EMPLOYEE" means any Employee who is not precluded from
     participating in the Plan by reason of the provisions of Section 3.02 of
     the Plan.

(p)  Reserved.

(q)  "EMPLOYEE" means any person who is actually performing services for the
     Employer or an Affiliate in a common-law, employer-employee relationship as
     determined under Sections 31.3121(d)-1, 31.3306(i)-1, or 31.3401(c)-1 of
     the Treasury Regulations and any "Leased Employee" as defined in Section
     3.02(b) of this Plan.

(r)  "EMPLOYER" or "EMPLOYERS" means the Bank and any of its Affiliates that
     adopt the Plan in accordance with the provisions of Section 12.01 of the
     Plan, and any entity which succeeds to the business of the Bank or its
     Affiliates and which adopts the Plan in accordance with the provisions of
     Section 12.02 of the Plan, or by written agreement assumes the obligations
     under the Plan.

(s)  "ENTRY DATE" means the first day of the first and seventh months of the
     Plan Year following the date the Employee satisfies the requirements for
     participation under Section 3.01 of the Plan.

(t)  "ERISA" means the Employee Retirement Income Security Act of 1974, as
     amended.

(u)  "EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended.

(v)  "FINANCED SHARES" means shares of Company Stock acquired by the Trustee
     with the proceeds of an Acquisition Loan, which shall constitute
     "qualifying employer securities" under Section 409(l) of the Code and any
     shares of Company Stock received upon conversion or exchange of such
     shares.

                                       4

<PAGE>

(w)  "HIGHLY COMPENSATED EMPLOYEE" means an Employee who, for a particular Plan
     Year, satisfies one of the following conditions:

     (i)  was a "5-percent owner" (as defined in Section 414(q)(2) of the Code)
          during the year or the preceding year, or

     (ii) for the preceding year, had "compensation" (as defined in Section
          414(q)(4) of the Code) from the Bank and its Affiliates exceeding the
          limit in Section 414(q)(1) of the Code ($95,000 for Plan Years
          beginning January 1, 2005).

(x)  "HOURS OF SERVICE" means:

     (i)  Each hour for which an Employee is paid, or entitled to payment, for
          performing duties for the Employer during the applicable computation
          period.

     (ii) Each hour for which an Employee is paid, or entitled to payment, for a
          period during which no duties are performed (irrespective of whether
          the employment relationship has terminated) due to vacation, holiday,
          illness, incapacity (including disability), layoff, jury duty,
          military duty or leave of absence. Notwithstanding the preceding
          sentence, no credit shall be given to the Employee for:

          (A)  more than 501 hours under this clause (ii) because of any single
               continuous period in which the Employee performs no duties
               (whether or not such period occurs in a single computation
               period);

          (B)  an hour for which the Employee is directly or indirectly paid, or
               entitled to payment, because of a period in which no duties are
               performed if such payment is made or due under a plan maintained
               solely for the purpose of complying with applicable worker's or
               workmen's compensation, unemployment, or disability insurance
               laws; or

          (C)  an hour or a payment which solely reimburses the Employee for
               medical or medically-related expenses incurred by the Employee.

     (iii) Each hour for which back pay, irrespective of mitigation of damages,
          is either awarded or agreed to by the Employer; provided, however,
          that hours credited under either clause (i) or (ii) above shall not
          also be credited under this clause (iii). Crediting of hours for back
          pay awarded or agreed to with respect to periods described in clause
          (ii) above will be subject to the limitations set forth in that
          clause.

The crediting of Hours of Service shall be determined by the Committee in
accordance with the rules set forth in Section 2530.200b-2 of the regulations
prescribed by the Department of Labor, which rules shall be consistently applied
with respect to all Employees within the same job

                                       5

<PAGE>

classification. If an Employer finds it impracticable to count actual Hours of
Service for any class or group of non-hourly Employees, each Employee in that
class or group shall be credited with 45 Hours of Service for each weekly period
in which he has at least one Hour of Service. However, an Employee shall be
credited with Hours of Service only for his normal working hours during a paid
absence. Hours of Service shall be credited for employment with an Affiliate.

For purposes of determining whether an Employee has incurred a One Year Break in
Service and for vesting and participation purposes, if an Employee begins a
maternity/paternity leave of absence described in Section 411(a)(6)(E)(i) of the
Code, his Hours of Service shall include the Hours of Service that would have
been credited to him if he had not been so absent (or 45 Hours of Service for
each week of such absence if the actual Hours of Service cannot be determined).
An Employee shall be credited for such Hours of Service (up to a maximum of 501
Hours of Service) in the Plan Year in which his absence begins (if such
crediting will prevent him from incurring a One Year Break in Service in such
Plan Year) or, in all other cases, in the following Plan Year. An absence from
employment for maternity or paternity reasons means an absence:

     (i)  by reason of pregnancy of the Employee,

     (ii) by reason of the birth of a child of the Employee,

     (iii) by reason of the placement of a child with the Employee in connection
          with the adoption of such child by such Employee, or

     (iv) for purposes of caring for such child for a period beginning
          immediately following such birth or placement.

(y)  "LATER RETIREMENT DATE" means the first day of the month coincident with or
     next following a Participant's date of actual retirement which occurs after
     his Normal Retirement Date.

(z)  "LOAN SUSPENSE ACCOUNT" means that portion of the Trust Fund consisting of
     Company Stock acquired with an Acquisition Loan which has not yet been
     allocated to the Participants' Accounts.

(aa) "NORMAL RETIREMENT AGE" means attainment of age 60.

(bb) "NORMAL RETIREMENT DATE" means the first day of the month coincident with
     or next following the Participant's attainment of Normal Retirement Age.

(cc) "ONE YEAR BREAK IN SERVICE" means a twelve (12) consecutive month period
     during which the Participant does not complete more than 500 Hours of
     Service.

(dd) "OTHER INVESTMENTS ACCOUNT" means the account established and maintained in
     the name of each Participant or Beneficiary to reflect his share of the
     Trust Fund, other than Company Stock.

                                       6

<PAGE>

(ee) "PARTICIPANT" means any Eligible Employee who has become a Participant in
     accordance with Section 3.01 of the Plan or any other person with an
     Account balance under the Plan.

(ff) "PLAN" means the Amended and Restated Liberty Savings Bank Employee Stock
     Ownership Plan, as amended from time to time.

(gg) "PLAN YEAR" means October 1 - September 30.

(hh) "RECOGNIZED ABSENCE" means a period for which:

     (i)  an Employer grants an Employee a leave of absence for a limited period
          of time, but only if an Employer grants such leaves of absence on a
          nondiscriminatory basis to all Eligible Employees; or

     (ii) an Employee is temporarily laid off by an Employer because of a change
          in the business conditions of the Employer; or

     (iii) an Employee is on active military duty, but only to the extent that
          his employment rights are protected by the Military Selective Service
          Act of 1967 and the Uniformed Services Employment and Reemployment
          Rights Act of 1994.

(ii) "RETIREMENT DATE" means a Participant's Normal or Later Retirement Date,
     whichever is applicable.

(jj) "SERVICE" means employment with the Bank or an Affiliate.

(kk) "TERMINATION OF SERVICE" means the earlier of (a) the date on which an
     Employee's Service is terminated by reason of his resignation, retirement,
     discharge, death or Disability or (b) the first anniversary of the date on
     which such Employee's service is terminated for disability of a short-term
     nature or any other reason. Service in the Armed Forces of the United
     States shall not constitute a Termination of Service but shall be
     considered to be a period of employment by the Employer provided (i) such
     military service is caused by war or other emergency or the Employee is
     required to serve under the laws of conscription in time of peace, (ii) the
     Employee returns to employment with the Employer within six (6) months
     following discharge from such military service and (iii) such Employee is
     reemployed by the Employer at a time when the Employee had a right to
     reemployment at his former position or substantially similar position upon
     separation from such military duty in accordance with seniority rights as
     protected under the laws of the United States. A leave of absence granted
     to an Employee by the Employer shall not constitute a Termination of
     Service provided that the Participant returns to the active service of the
     Employer at the expiration of any such period for which leave has been
     granted. Notwithstanding the foregoing, an Employee who is absent from
     service with the Employer beyond the first anniversary of the first date of
     his absence for maternity or paternity reasons set forth in Section 2.01 of
     the Plan shall incur

                                       7

<PAGE>

     a Termination of Service for purposes of the Plan on the second anniversary
     of the date of such absence.

(ll) "TREASURY REGULATIONS" mean the regulations promulgated by the Department
     of the Treasury under the Code.

(mm) "TRUST" means the Liberty Savings Bank Employee Stock Ownership Plan Trust
     created in connection with the establishment of the Plan.

(nn) "TRUST AGREEMENT" means the trust agreement establishing the Trust.

(oo) "TRUST FUND" means the assets held in the Trust for the benefit of
     Participants and their Beneficiaries.

(pp) "TRUSTEE" means the trustee or trustees from time to time in office under
     the Trust Agreement.

(qq) "VALUATION DATE" means the last day of the Plan Year and each other date as
     of which the Committee shall determine the investment experience of the
     Trust Fund and adjust Participants' Accounts accordingly.

(rr) "VALUATION PERIOD" means the period following a Valuation Date and ending
     with the next Valuation Date.

(ss) "YEAR OF SERVICE" shall mean any Plan Year (or calendar year prior to 1993)
     in which the Employee completes 1,000 Hours of Service after attainment of
     age 18.

                                    SECTION 3
                          ELIGIBILITY AND PARTICIPATION

SECTION 3.01 PARTICIPATION.

(a)  Any Eligible Employee who has attained age 21 and is employed by the
     Employer on the date which is 12 months after his date of hire (regardless
     of Hours of Service) shall enter the Plan on the Entry Date next following
     or coincident with his satisfaction of the eligibility requirements set
     forth in this Section 3.01.

(b)  Any Employee who had satisfied the requirements set forth in Section
     3.01(a) during the 12-month period prior to the Effective Date of this
     restatement shall become a Participant on the Effective Date, provided he
     was still employed by the Employer on the Effective Date.

                                       8
<PAGE>

SECTION 3.02 CERTAIN EMPLOYEES INELIGIBLE.

The following Employees are ineligible to participate in the Plan:

(a)  Employees covered by a collective bargaining agreement between the Employer
     and the Employee's collective bargaining representative if:

     (i)  retirement benefits have been the subject of good faith bargaining
          between the Employer and the representative, and

     (ii) the collective bargaining agreement does not expressly provide that
          Employees of such unit be covered under the Plan;

(b)  Employees who are nonresident aliens and who receive no earned income from
     an Employer which constitutes income from sources within the United States;
     and

(c)  Employees of an Affiliate of the Bank that has not adopted the Plan
     pursuant to Sections 12.01 or 12.02 of the Plan.

SECTION 3.03 TRANSFER TO AND FROM ELIGIBLE EMPLOYMENT.

(a)  If an Employee ineligible to participate in the Plan by reason of Section
     3.02 of the Plan transfers to employment as an Eligible Employee, he shall
     enter the Plan as of the later of:

     (i)  the first Entry Date after the date of transfer, or

     (ii) the first Entry Date on which he could have become a Participant
          pursuant to Section 3.01 of the Plan.

(b)  If a Participant transfers to an employment position that makes him
     ineligible to participate in the Plan as of the date of such transfer, he
     shall cease active participation in the Plan as of such date and his
     transfer shall be treated for all purposes under the Plan in the same
     manner as any other termination of Service.

SECTION 3.04 PARTICIPATION AFTER REEMPLOYMENT.

A former Employee who is reemployed by an Employer and has previously satisfied
the eligibility requirements of Section 3.01 of the Plan shall become a
Participant as of his date of reemployment. A former Employee who is reemployed
by an Employer and has not previously satisfied the eligibility requirements of
Section 3.01 shall be treated as a new Employee and prior Service shall be
disregarded.

                                       9

<PAGE>

SECTION 3.05 PARTICIPATION NOT GUARANTEE OF EMPLOYMENT.

Participation in the Plan does not constitute a guarantee or contract of
employment and will not give any Employee the right to be retained in the employ
of the Bank or any of its Affiliates nor any right or claim to any benefit under
the terms of the Plan unless such right or claim has specifically accrued under
the Plan.

                                    SECTION 4
                                  CONTRIBUTIONS

SECTION 4.01 EMPLOYER CONTRIBUTIONS.

(a)  DISCRETIONARY CONTRIBUTIONS. Each Plan Year, each Employer, in its
     discretion, may make a contribution to the Trust. Each Employer making a
     contribution for any Plan Year under this Section 4.01(a) will contribute
     to the Trustee cash equal to, or Company Stock or other property having an
     aggregate fair market value equal to, such amount as the Board of Directors
     of the Employer shall determine by resolution. Notwithstanding the
     Employer's discretion with respect to the medium of contribution, an
     Employer shall not make a contribution in any medium which would make such
     contribution a prohibited transaction (for which no exemption is provided)
     under Section 406 of ERISA or Section 4975 of the Code.

(b)  EMPLOYER CONTRIBUTIONS FOR ACQUISITION LOANS. Each Plan Year, the Employers
     shall, subject to any regulatory prohibitions, contribute an amount of cash
     sufficient to enable the Trustee to discharge any indebtedness incurred
     with respect to an Acquisition Loan(s) pursuant to the terms of the
     Acquisition Loan(s). The Employers' obligation to make contributions under
     this Section 4.01(b) shall be reduced to the extent of any investment
     earnings attributable to such contributions and any cash dividends paid
     with respect to Company Stock held by the Trustee in the Loan Suspense
     Account. If there is more than one Acquisition Loan, the Employers shall
     designate the one to which any contribution pursuant to this Section
     4.01(b) is to be applied.

SECTION 4.02 LIMITATIONS ON CONTRIBUTIONS.

In no event shall an Employer's contribution(s) made under Section 4.01 of the
Plan for any Plan Year exceed the lesser of:

(a)  The maximum amount deductible under Section 404 of the Code by that
     Employer as an expense for Federal income tax purposes; and

(b)  The maximum amount which can be credited for that Plan Year in accordance
     with the allocation limitation provisions of Section 5.05 of the Plan.

                                       10

<PAGE>

SECTION 4.03 ACQUISITION LOANS.

The Trustee may incur Acquisition Loans from time to time to finance the
acquisition of Company Stock for the Trust or to repay a prior Acquisition Loan.
An Acquisition Loan shall be for a specific term, shall bear a reasonable rate
of interest, shall not be payable in demand, except in the event of default, and
shall be primarily for the benefit of Participants and Beneficiaries of the
Plan. An Acquisition Loan may be secured by a collateral pledge of the Financed
Shares so acquired and any other Plan assets which are permissible securities
within the provisions of Section 54.4975-7(b) of the Treasury Regulations. No
other assets of the Plan or Trust may be pledged as collateral for an
Acquisition Loan, and no lender shall have recourse against any other Trust
assets. Any pledge of Financed Shares must provide for the release of shares so
pledged on a basis equal to the principal and interest (or if the requirements
of Section 54.4975-7(b)(8)(ii) of the Treasury Regulations are met and the
Employer so elects, principal payments only), paid by the Trustee on the
Acquisition Loan. The released Financed Shares shall be allocated to
Participants' Accounts in accordance with the provisions of Sections 5.04 or
5.08 of the Plan, whichever is applicable. Payment of principal and interest on
any Acquisition Loan shall be made by the Trustee only from the Employer
contributions paid in cash to enable the Trustee to repay such loan in
accordance with Section 4.01(b) of the Plan, from earnings attributable to such
contributions, and any cash dividends received by the Trustee on Financed Shares
acquired with the proceeds of the Acquisition Loan (including contributions,
earnings and dividends received during or prior to the year of repayment less
such payments in prior years), whether or not allocated. Financed Shares shall
initially be credited to the Loan Suspense Account and shall be transferred for
allocation to the Company Stock Accounts of Participants only as payments of
principal and interest (or, if the requirements of Section 54.4975-7(b)(8)(ii)
of the Treasury Regulations are met and the Employer so elects, principal
payments only), on the Acquisition Loan are made by the Trustee. The number of
Financed Shares to be released from the Loan Suspense Account for allocation to
Participants' Company Stock Account for each Plan Year shall be based on the
ratio that the payments of principal and interest (or, if the requirements of
Section 54.4975-7(b)(8)(ii) of the Treasury Regulations are met and the Employer
so elects, principal payments only), on the Acquisition Loan for that Plan Year
bears to the sum of the payments of principal and interest on the Acquisition
Loan for that Plan Year plus the total remaining payment of principal and
interest projected (or, if the requirements of Section 54.4975-7(b)(8)(ii) of
the Treasury Regulations are met and the Employer so elects, principal payments
only), on the Acquisition Loan over the duration of the Acquisition Loan
repayment period, subject to the provisions of Section 5.05 of the Plan.

SECTION 4.04 CONDITIONS AS TO CONTRIBUTIONS.

In addition to the provisions of Section 12.03 of the Plan for the return of an
Employer's contributions in connection with a failure of the Plan to qualify
initially under the Code, any amount contributed by an Employer due to a good
faith mistake of fact, or based upon a good faith but erroneous determination of
its deductibility under Section 404 of the Code, shall be returned to the
Employer within one year after the date on which the Employer originally made
such contribution, or within one year after its nondeductibility has been
finally determined. However, the amount to be returned shall be reduced to take
account of any adverse investment

                                       11

<PAGE>

experience within the Trust in order that the balance credited to each
Participant Account is not less than it would have been if the contribution had
never been made by the Employer.

SECTION 4.05 EMPLOYEE CONTRIBUTIONS.

Employee contributions are neither required nor permitted under the Plan.

SECTION 4.06 ROLLOVER CONTRIBUTIONS.

Rollover contributions to the Plan of assets from other tax-qualified retirement
plans are not permitted under the Plan.

SECTION 4.07 TRUSTEE-TO-TRUSTEE TRANSFERS.

Trustee-to-trustee transfers of assets from other tax-qualified retirement plans
are not permitted under the Plan.

                                    SECTION 5
                                 PLAN ACCOUNTING

SECTION 5.01 ACCOUNTING FOR ALLOCATIONS.

The Committee shall establish the Accounts (and sub-accounts, if deemed
necessary) for each Participant, and the accounting procedures for the purpose
of making allocations to Participants' Accounts as provided for in this Section
5. The Committee shall maintain adequate records of the cost basis of shares of
Company Stock allocated to each Participant's Company Stock Account. The
Committee also shall keep separate records of Financed Shares attributable to
each Acquisition Loan(s) and of contributions made by the Employers (and any
earnings thereon) made for the purpose of enabling the Trustee to repay any
Acquisition Loan(s). From time to time, the Committee may modify its accounting
procedures for the purpose of achieving equitable and nondiscriminatory
allocations among the Accounts of Participants, in accordance with the
provisions of this Section 5 and the applicable requirements of the Code and
ERISA. In accordance with Section 9 of the Plan, the Committee may delegate the
responsibility for maintaining Accounts and records.

SECTION 5.02 MAINTENANCE OF PARTICIPANTS' COMPANY STOCK ACCOUNTS.

As of each Valuation Date, the Committee shall adjust the Company Stock Account
of each Participant to reflect activity during the Valuation Period as follows:

(a)  First, charge to each Participant's Company Stock Account all distributions
     and payments made to the Participant that have not been previously charged;

(b)  Next, credit to each Participant's Company Stock Account the shares of
     Company Stock, if any, that have been purchased with amounts from the
     Participant's Other Investments

                                       12

<PAGE>

     Account, and adjust such Other Investments Account in accordance with the
     provisions of Section 5.03 of the Plan;

(c)  Next, credit to each Participant's Company Stock Account the shares of
     Company Stock representing contributions made by the Employers in the form
     of Company Stock and the number of Financed Shares released from the Loan
     Suspense Account under Section 4.03 of the Plan that are to be allocated
     and credited as of that date in accordance with the provisions of Section
     5.04 of the Plan; and

(d)  Finally, credit to each Participant's Company Stock Account the shares of
     Company Stock released from the Loan Suspense Account that are to be
     allocated in accordance with the provisions of Section 5.09 of the Plan.

SECTION 5.03 MAINTENANCE OF PARTICIPANTS' OTHER INVESTMENTS ACCOUNTS.

Except as otherwise provided for under Section 5.08 of the Plan, as of each
Valuation Date, the Committee shall adjust the Other Investments Account of each
Participant to reflect activity during the Valuation Period as follows:

(a)  First, charge to each Participant's Other Investments Account all
     distributions and payments made to the Participant that have not previously
     been charged;

(b)  Next, if Company Stock is purchased with assets from a Participant's Other
     Investments Account, charge the Participant's Other Investments Account
     accordingly;

(c)  Next, subject to the dividend provisions of Section 5.09 of the Plan,
     credit to the Other Investments Account of each Participant any cash
     dividends paid to the Trustee on shares of Company Stock held in that
     Participant's Company Stock Account (as of the record date for such cash
     dividends) and dividends paid on shares of Company Stock held in the Loan
     Suspense Account that have not been used to repay any Acquisition Loan.
     Subject to the provisions of Section 5.09 of the Plan, cash dividends that
     have not been used to repay any Acquisition Loan and have been credited to
     a Participant's Other Investments Account shall be applied by the Trustee
     to purchase shares of Company Stock, which shares shall then be credited to
     the Company Stock Account of such Participant. The Participant's Other
     Investments Account shall then be charged by the amount of cash used to
     purchase such Company Stock. In addition, any earnings on:

     (i)  Participants' Other Investments Accounts will be allocated to
          Accounts, pro rata, based on Participants' Other Investments Account
          balances as of the first day of the Valuation Period, and

     (ii) the Loan Suspense Account, other than dividends used to repay the
          Acquisition Loan, will be allocated to Participants' Other Investments
          Accounts, pro rata, based on their Other Investments Account balances
          as of the first day of the Valuation Period;

                                       13

<PAGE>

(d)  Next, allocate and credit the Employer contributions made pursuant to
     Section 4.01(b) of the Plan for the purpose of repaying any Acquisition
     Loan, in accordance with Section 5.04 of the Plan. Such amount shall then
     be used to repay any Acquisition Loan and such Participant's Other
     Investments Account shall be charged accordingly; and

(e)  Finally, allocate and credit the Employer contributions (other than amounts
     contributed to repay an Acquisition Loan) that are made in cash (or
     property other than Company Stock) for the Plan Year to the Other
     Investments Account of each Participant in accordance with Section 5.04 of
     the Plan.

SECTION 5.04 ALLOCATION AND CREDITING OF EMPLOYER CONTRIBUTIONS.

(a)  Except as otherwise provided for in Sections 5.08 and 5.09 of the Plan, as
     of the Valuation Date for each Plan Year:

     (i)  Company Stock released from the Loan Suspense Account for that year
          and shares of Company Stock contributed directly to the Plan shall be
          allocated and credited to each Active Participant's (as defined in
          paragraph (b) of this Section 5.04) Company Stock Account based on the
          ratio that each Active Participant's Compensation bears to the
          aggregate Compensation of all Active Participants for the Plan Year,
          and then

     (ii) The cash contributions not used to repay an Acquisition Loan and any
          other property contributed for that year shall be allocated and
          credited to each Active Participant's Other Investments Account based
          on the ratio determined by comparing each Active Participant's
          Compensation while a Participant to the aggregate Compensation of all
          Active Participants for the Plan Year.

(b)  For purposes of this Section 5.04, the term "Active Participant" means
     those Eligible Employees who:

     (i)  are employed on the last day of the Plan Year and have completed 500
          Hours of Service during the Plan Year; or

     (ii) terminated employment during the Plan Year by reason of death,
          Disability, or attainment of their Normal or Later Retirement Date.

SECTION 5.05 LIMITATIONS ON ALLOCATIONS.

(a)  IN GENERAL. Subject to the provisions of this Section 5.05, Section 415 of
     the Code shall be incorporated by reference into the terms of the Plan. No
     allocation shall be made under Section 5.04 of the Plan that would result
     in a violation of Section 415 of the Code.

(b)  CODE SECTION 415 COMPENSATION. For purposes of this Section 5.05,
     Compensation shall be adjusted to reflect the general rule of Section
     1.415-2(d) of the Treasury Regulations.

                                       14

<PAGE>

(c)  LIMITATION YEAR. The "limitation year" (within the meaning of Section 415
     of the Code) shall be October 1 - September 30.

(d)  MULTIPLE DEFINED CONTRIBUTION PLANS. In any case where a Participant also
     participates in another defined contribution plan of the Bank or its
     Affiliates, the appropriate committee of such other plan shall first reduce
     the after-tax contributions under any such plan, shall then reduce any
     elective deferrals under any such plan subject to Section 401(k) of the
     Code, shall then reduce all other contributions under any other such plan
     and, if necessary, shall then reduce contributions under this Plan.

(e)  EXCESS ALLOCATIONS. If, after applying the allocation provisions under
     Section 5.04 of the Plan, allocations under Section 5.04 of the Plan would
     otherwise result in a violation of Section 415 of the Code, the Committee
     shall allocate and reallocate employer contributions to other Participants
     in the Plan for the limitation year or, if such allocation and reallocation
     causes the limitations of Section 415 of the Code to be exceeded, shall
     hold excess amounts in an unallocated suspense account for allocation in a
     subsequent Plan Year in accordance with Section 1.415-6(b)(6)(i) of the
     Treasury Regulations. Such suspense account, if permitted, will be credited
     before any allocation of contributions for subsequent limitation years.

(f)  ALLOCATIONS PURSUANT TO SECTION 5.08. For purposes of this Section 5.05, no
     amount credited to any Participant's Account pursuant to Section 5.08 of
     the Plan shall be counted as an "annual addition" for purposes of Section
     415 of the Code. In the event any amount cannot be allocated to Affected
     Participants (as defined in Section 5.08 of the Plan) under the Plan
     pursuant to Section 5.08 of the Plan in the year of a Change in Control,
     the amount which may not be so allocated in the year of the Change in
     Control shall be treated in accordance with paragraph (e) of this Section
     5.05.

SECTION 5.06 OTHER LIMITATIONS.

Aside from the limitations set forth in Section 5.05 of the Plan, in no event
shall more than one-third of the Employer contributions to the Plan be allocated
to the Accounts of Highly Compensated Employees. In order to ensure that such
allocations are not made, the Committee shall, beginning with the Participants
whose Compensation exceeds the limit then in effect under Section 401(a)(17) of
the Code, reduce the amount of Compensation of such Highly Compensated Employees
on a pro-rata basis per individual that would otherwise be taken into account
for purposes of allocating benefits under Section 5.04 of the Plan. If, in order
to satisfy this Section 5.06, any such Participant's Compensation must be
reduced to an amount that is lower than the Compensation amount of the next
highest paid (based on such Participant's Compensation) Highly Compensated
Employee (the "breakpoint amount"), then, for purposes of allocating benefits
under Section 5.04 of the Plan, the Compensation of all concerned Participants
shall be reduced to an amount not to exceed such breakpoint amount.

                                       15

<PAGE>

SECTION 5.07 LIMITATIONS AS TO CERTAIN SECTION 1042 TRANSACTIONS.

To the extent that a shareholder of Company Stock sells qualifying Company Stock
to the Plan and elects (with the consent of the Bank) nonrecognition of gain
under Section 1042 of the Code, no portion of the Company Stock purchased in
such nonrecognition transaction (or other dividends or other income attributable
thereto) may accrue or be allocated during the nonallocation period (the ten
(10) year period beginning on the later of the date of the sale of the qualified
Company Stock, or the date of the Plan allocation attributable to the final
payment of an Acquisition Loan incurred in connection with such sale) for the
benefit of:

(a)  the selling shareholder;

(b)  the spouse, brothers or sisters (whether by the whole or half blood),
     ancestors or lineal descendants of the selling shareholder or descendant
     referred to in (a) above; or

(c)  any other person who owns, after application of Section 318(a) of the Code,
     more than twenty-five percent (25%) of:

     (i)  any class of outstanding stock of the Company or any Affiliate, or

     (ii) the total value of any class of outstanding stock of the Company or
          any Affiliate.

For purposes of this Section 5.07, Section 318(a) of the Code shall be applied
without regard to the employee trust exception of Section 318(a)(2)(B)(i) of the
Code.

SECTION 5.08 ALLOCATIONS UPON TERMINATION PRIOR TO SATISFACTION OF ACQUISITION
LOAN.

(a)  Notwithstanding any other provision of the Plan, in the event of a Change
     in Control, the Plan shall terminate as of the effective date of the Change
     in Control and, as soon as practicable thereafter, the Trustee shall repay
     in full any outstanding Acquisition Loan. In connection with such
     repayment, the Trustee shall: (i) apply cash, if any, received by the Plan
     in connection with the transaction constituting a Change in Control, with
     respect to the unallocated shares of Company Stock acquired with the
     proceeds of the Acquisition Loan, and (ii) to the extent additionally
     required to effect the repayment of the Acquisition Loan, obtain cash
     through the sale of any stock or security received by the Plan in
     connection with such transaction, with respect to such unallocated shares
     of Company Stock. After repayment of the Acquisition Loan, all remaining
     shares of Company Stock held in the Loan Suspense Account, all other stock
     or securities, and any cash proceeds from the sale or other disposition of
     any shares of Company Stock held in the Loan Suspense Account, shall be
     allocated among the Accounts of all Participants who were employed by an
     Employer on the date immediately preceding the effective date of the Change
     in Control. Such allocations of shares or cash proceeds shall be credited
     as earnings for purposes of Section 5.05 of the Plan and Section 415 of the
     Code, as of the effective date of the Change in Control, to the Account of
     each Participant who is either in active Service with an Employer, or is on
     a Recognized Absence, on the date immediately preceding the effective date
     of the Change of Control (each an "Affected

                                       16

<PAGE>

     Participant"), in proportion to the opening balances in their Company Stock
     Accounts as of the first day of the current Valuation Period. As of the
     effective date of a Change in Control, all Participant Accounts shall be
     fully vested and nonforfeitable.

(b)  In the event of a termination of the Plan in connection with a Change in
     Control, this Section 5.08 shall have no force and effect unless the price
     paid for the Company Stock in connection with a Change in Control is
     greater than the average basis of the unallocated Company Stock held in the
     Loan Suspense Account as of the date of the Change in Control.

SECTION 5.09 DIVIDENDS.

(a)  STOCK DIVIDENDS. Dividends on Company Stock which are received by the
     Trustee in the form of additional Company Stock shall be retained in the
     portion of the Trust Fund consisting of Company Stock, and shall be
     allocated among the Participants' Accounts and the Loan Suspense Account in
     accordance with their holdings of the Company Stock on which the dividends
     have been paid.

(b)  CASH DIVIDENDS ON ALLOCATED SHARES. Dividends on Company Stock credited to
     Participants' Accounts which are received by the Trustee in the form of
     cash shall, at the direction of the Bank, either:

     (i)  be credited to Participants' Accounts in accordance with Section 5.03
          of the Plan and invested as part of the Trust Fund;

     (ii) be distributed immediately to the Participants;

     (iii) be distributed to the Participants within ninety (90) days of the
          close of the Plan Year in which paid; or

     (iv) be used to repay principal and interest on the Acquisition Loan used
          to acquire Company Stock on which the dividends were paid.

In addition to the alternatives specified in the preceding paragraph regarding
the treatment of cash dividends paid with respect to shares of Company Stock
credited to Participants' Accounts, if authorized by the Committee for the Plan
Year, a Participant may elect that cash dividends paid on Company Stock credited
to the Participant's Account shall either be:

     (i)  paid to the Plan, reinvested in Company Stock and credited to the
          Participant's Account;

     (ii) distributed in cash to the Participant; or

     (iii) distributed to the Participant within ninety (90) days of the close
          of the Plan Year in which paid.

                                       17

<PAGE>

Dividends subject to an election under this paragraph (and any Company Stock
acquired therewith pursuant to a Participant's election) shall at all times be
fully vested. To the extent the Committee authorizes dividend elections pursuant
to this paragraph, the Committee shall establish policies and procedures
relating to Participant elections and, if applicable, the reinvestment of cash
dividends in Company Stock, which are consistent with guidance issued under
Section 404(k) of the Code.

(c)  CASH DIVIDENDS ON UNALLOCATED SHARES. Dividends on Company Stock held in
     the Loan Suspense Account received by the Trustee in the form of cash shall
     be applied as soon as practicable to payments of principal and interest
     under the Acquisition Loan(s) incurred with the purchase of Company Stock.

(d)  FINANCED SHARES. Financed Shares released from the Loan Suspense Account by
     reason of dividends paid with respect to Company Stock shall be allocated
     under Sections 5.03 and 5.04 of the Plan as follows:

     (i)  First, Financed Shares with a fair market value at least equal to the
          dividends paid with respect to the Company Stock allocated to
          Participants' Accounts shall be allocated among and credited to the
          Accounts of such Participants, pro rata, according to the number of
          shares of Company Stock held in such accounts on the date the dividend
          is declared by the Company; and

     (ii) Next, any remaining Financed Shares released from the Loan Suspense
          Account by reason of dividends paid with respect to Company Stock held
          in the Loan Suspense Account shall be allocated among and credited to
          the Accounts of all Participants, pro rata, according to each
          Participant's Compensation.

                                    SECTION 6
                             VESTING AND FORFEITURES

SECTION 6.01 DEFERRED VESTING IN ACCOUNTS.

(a)  Employees who were employed by Liberty Savings Bank, F.S.B. on or before
     January 1, 2004 shall vest in their Accounts in accordance with the
     following schedule:

<TABLE>
<CAPTION>
Years of Service   Vested Percentage
----------------   -----------------
<S>                <C>
      One                  20%
      Two                  40%
      Three                60%
      Four                 80%
      Five                100%
</TABLE>

(b)  Participants who were employed after January 1, 2004, shall vest in their
     Accounts in accordance with the following schedule:

                                       18
<PAGE>

<TABLE>
<CAPTION>
Years of Service   Vested Percentage
----------------   -----------------
<S>                <C>
0 - 4                       0%
5 or more                 100%
</TABLE>

(c)  For purposes of determining a Participant's Years of Service under this
     Section 6.01, a Participant must be credited employment with the Bank or an
     Affiliate shall be deemed employment with the Employer. For purposes of
     determining a Participant's vested percentage in his Accounts, all Years of
     Service shall be included, beginning with the Employee's initial service
     with the Employer.

SECTION 6.02 IMMEDIATE VESTING IN CERTAIN SITUATIONS.

(a)  Notwithstanding Section 6.01(a) of the Plan, a Participant shall become
     fully vested in his Accounts upon the earlier of:

     (i)  termination of the Plan or upon the permanent and complete
          discontinuance of contributions by the Employer to the Plan; provided,
          however, that in the event of a partial termination of the Plan, the
          interest of each Participant shall fully vest only with respect to
          that part of the Plan which is terminated;

     (ii) Attainment of his Normal Retirement Age;

     (iii) a Change in Control; or

     (iv) Termination of Service by reason of death or Disability.

SECTION 6.03 TREATMENT OF FORFEITURES.

(a)  If a Participant who is not fully vested in his Accounts terminates
     employment, that portion of his Accounts in which he is not vested shall be
     forfeited upon the earlier of:

     (i)  the date the Participant receives a distribution of his entire vested
          benefits under the Plan, or

     (ii) the date at which the Participant incurs five (5) consecutive One Year
          Breaks in Service.

(b)  If a Participant who has terminated employment and has received a
     distribution of his entire vested benefits under the Plan is subsequently
     reemployed by an Employer prior to incurring five (5) consecutive One Year
     Breaks in Service, he shall have the portion of his Accounts which was
     previously forfeited restored to his Accounts, provided he repays to the
     Trustee within five (5) years of his subsequent employment date an amount
     equal to the previous distribution. The amount restored to the
     Participant's Account shall be credited to his Account as of the last day
     of the Plan Year in which the Participant repays

                                       19

<PAGE>

     the distributed amount to the Trustee and the restored amount shall come
     from other Employees' forfeitures and, if such forfeitures are
     insufficient, from a special contribution by the Employer for that year. If
     a Participant's employment terminates prior to his Account having become
     vested, such Participant shall be deemed to have received a distribution of
     his entire vested interest as of the Valuation Date next following his
     termination of employment.

(c)  If a Participant who has terminated employment but has not received a
     distribution of his entire vested benefits under the Plan is subsequently
     reemployed by an Employer subsequent to incurring five (5) consecutive One
     Year Breaks in Service, any undistributed balance of his Accounts from his
     prior participation which was not forfeited shall be maintained as a fully
     vested subaccount within his Account.

(d)  If a portion of a Participant's Account is forfeited, assets other than
     Company Stock must be forfeited before any Company Stock may be forfeited.

(e)  Forfeitures shall be reallocated among the other Participants in the Plan.

SECTION 6.04 ACCOUNTING FOR FORFEITURES.

A forfeiture shall be charged to the Participant's Account as of the first day
of the first Valuation Period in which the forfeiture becomes certain pursuant
to Section 6.03 of the Plan. Except as otherwise provided in Section 6.03 of the
Plan, a forfeiture shall be added to the contributions of the terminated
Participant's Employer which are to be credited to other Participants pursuant
to Section 5 as of the last day of the Plan Year in which the forfeiture becomes
certain.

SECTION 6.05 VESTING UPON REEMPLOYMENT.

If a Participant incurs a One Year Break in Service and again performs an Hour
of Service, such Participant shall receive credit, for purposes of Section 6.01
of the Plan, for his Years of Service prior to his One Year Break in Service.

                                    SECTION 7
                                  DISTRIBUTIONS

SECTION 7.01 DISTRIBUTION OF BENEFIT UPON A TERMINATION OF EMPLOYMENT.

(a)  A Participant whose employment terminates for any reason shall receive the
     entire vested portion of his Accounts in a single payment on a date
     selected by the Committee; provided, however, that such date shall be as
     soon as practicable after the end of the Plan Year in which the
     Participant's employment terminated. The benefits from that portion of the
     Participant's Other Investments Account shall be calculated on the basis of
     the most recent Valuation Date before the date of payment. Subject to the
     provisions of Section 7.05 of the Plan, all benefits under the Plan shall
     be distributed in the form of Company Stock. Fractional shares will be
     distributed in cash.

                                       20

<PAGE>

(b)  Notwithstanding paragraph (a) of this Section 7.01, if the balance credited
     to a Participant's Accounts exceeds, at the time such benefit was
     distributable, $1,000, his benefits shall not be paid before the latest of
     his 65th birthday or the tenth anniversary of the year in which he
     commenced participation in the Plan, unless he elects an early payment date
     in a written election filed with the Committee. Such an election is not
     valid unless it is made after the Participant has received the required
     notice under Section 1.411(a)-11(c) of the Treasury Regulations that
     provides a general description of the material features of a lump sum
     distribution and the Participant's right to defer receipt of his benefits
     under the Plan. The notice shall be provided no less than 30 days and no
     more than 90 days before the first day on which all events have occurred
     which entitle the Participant to such benefit. Written consent of the
     Participant to the distribution generally may not be made within 30 days of
     the date the Participant receives the notice and shall not be made more
     than 90 days from the date the Participant receives the notice. However, a
     distribution may be made less than 30 days after the notice provided under
     Section 1.411(a)-11(c) of the Treasury Regulations is given, if:

     (i)  the Committee clearly informs the Participant that he has a right to a
          period of at least 30 days after receiving the notice to consider the
          decision of whether or not to elect a distribution (and if applicable,
          a particular distribution option), and

     (ii) the Participant, after receiving the notice, affirmatively elects a
          distribution.

A Participant may modify such an election at any time, provided any new benefit
payment date is at least 30 days after a modified election is delivered to the
Committee.

SECTION 7.02 MINIMUM DISTRIBUTION REQUIREMENTS.

With respect to all Participants, other than those who are "5% owners" (as
defined in Section 416 of the Code), benefits shall be paid on the required
beginning date which is no later than the April 1st of the later of:

     (i)  the calendar year following the calendar year in which the Participant
          attains age 70-1/2, or

     (ii) the calendar year in which the Participant retires.

With respect to all Participants who are 5% owners within the meaning of Section
416 of the Code, such Participants' benefits shall be paid no later than the
April 1st of the calendar year following the calendar year in which the
Participant attains age 70-1/2.

SECTION 7.03 BENEFITS ON A PARTICIPANT'S DEATH.

(a)  If a Participant dies before his benefits are paid pursuant to Section 7.01
     of the Plan, the balance credited to his Accounts shall be paid to his
     Beneficiary in a single distribution on or before the 60th day after the
     end of the Plan Year in which the Participant died. If

                                       21

<PAGE>

     the Participant has not named a Beneficiary or his named Beneficiary should
     not survive him, then the balance in his Accounts shall be paid to his
     estate. The benefits from that portion of the Participant's Other
     Investments Account shall be calculated on the basis of the most recent
     Valuation Date before the date of payment.

(b)  If a married Participant dies before his benefit payments begin, then,
     unless he has specifically elected otherwise, the Committee shall cause the
     balance in his Accounts to be paid to his spouse, as Beneficiary. A married
     Participant may name an individual other than his spouse as Beneficiary
     provided that such election is accompanied by the spouse's written consent
     which must:

     (i)  acknowledge the effect of the election;

     (ii) explicitly provide either that the designated Beneficiary may not
          subsequently be changed by the Participant without the spouse's
          further consent or that it may be changed without such consent; and

     (iii) must be witnessed by the Committee, its representative, or a notary
          public.

This requirement shall not apply if the Participant establishes to the
Committee's satisfaction that the spouse may not be located.

(c)  The Committee shall, from time to time, take whatever steps it deems
     appropriate to keep informed of each Participant's marital status. Each
     Employer shall provide the Committee with the most reliable information in
     the Employer's possession regarding its Participants' marital status, and
     the Committee may, in its discretion, require a notarized affidavit from
     any Participant as to his marital status. The Committee, the Plan, the
     Trustee, and the Employers shall be fully protected and discharged from any
     liability to the extent of any benefit payments made as a result of the
     Committee's good faith and reasonable reliance upon information obtained
     from a Participant as to the Participant's marital status.

SECTION 7.04 DELAY IN BENEFIT DETERMINATION.

If the Committee is unable to determine the benefits payable to a Participant or
Beneficiary on or before the latest date prescribed for payment pursuant to this
Section 7, the benefits shall in any event be paid within 60 days after they can
first be determined.

SECTION 7.05 OPTIONS TO RECEIVE AND SELL COMPANY STOCK.

(a)  Unless ownership of virtually all Company Stock is restricted to active
     Employees and qualified retirement plans for the benefit of Employees
     pursuant to the certificates of incorporation or by-laws of the Employers
     issuing Company Stock, a terminated Participant or the Beneficiary of a
     deceased Participant may instruct the Committee to distribute the
     Participant's entire vested interest in his Accounts in the form of Company
     Stock. In that event, the Committee shall apply the Participant's vested
     interest in his

                                       22

<PAGE>

     Other Investments Account to purchase sufficient Company Stock to make the
     required distribution.

(b)  Any Participant who receives Company Stock pursuant to this Section 7.05,
     and any person who has received Company Stock from the Plan or from such a
     Participant by reason of the Participant's death or incompetency, by reason
     of divorce or separation from the Participant, or by reason of a rollover
     distribution described in Section 402(c) of the Code, shall have the right
     to require the Employer which issued the Company Stock to purchase the
     Company Stock for its current fair market value (hereinafter referred to as
     the "put right"). The put right shall be exercisable by written notice to
     the Committee during the first 60 days after the Company Stock is
     distributed by the Plan, and, if not exercised in that period, during the
     first 60 days in the following Plan Year after the Committee has
     communicated to the Participant its determination as to the Company Stock's
     current fair market value. If the put right is exercised, the Trustee may,
     if so directed by the Committee in its sole discretion, assume the
     Employer's rights and obligations with respect to purchasing the Company
     Stock. However, the put right shall not apply to the extent that the
     Company Stock, at the time the put right would otherwise be exercisable,
     may be sold on an established market in accordance with federal and state
     securities laws and regulations.

(c)  With respect to a put right, the Employer or the Trustee, as the case may
     be, may elect to pay for the Company Stock in equal periodic installments,
     not less frequently than annually, over a period not longer than five (5)
     years from the 30th day after the put right is exercised pursuant to
     paragraph (b) of this Section 7.05, with adequate security and interest at
     a reasonable rate on the unpaid balance, all such terms to be set forth in
     a promissory note delivered to the seller with normal terms as to
     acceleration upon any uncured default.

(d)  Nothing contained in this Section 7.05 shall be deemed to obligate any
     Employer to register any Company Stock under any federal or state
     securities law or to create or maintain a public market to facilitate the
     transfer or disposition of any Company Stock. The put right described in
     this Section 7.05 may only be exercised by a person described in paragraph
     (b) of this Section 7.05, and may not be transferred with any Company Stock
     to any other person. As to all Company Stock purchased by the Plan in
     exchange for any Acquisition Loan, the put right must be nonterminable. The
     put right for Company Stock acquired through an Acquisition Loan shall
     continue with respect to such Company Stock after the Acquisition Loan is
     repaid or the Plan ceases to be an employee stock ownership plan. Except as
     provided above, in accordance with the provisions of Sections
     54.4975-7(b)(4) of the Treasury Regulations, no Company Stock acquired with
     the proceeds of an Acquisition Loan may be subject to any put, call or
     other option or buy-sell or similar arrangement while held by, and when
     distributed from, the Plan, whether or not the Plan is then an employee
     stock ownership plan.

                                       23

<PAGE>

SECTION 7.06 RESTRICTIONS ON DISPOSITION OF COMPANY STOCK.

Except in the case of Company Stock which is traded on an established market, a
Participant who receives Company Stock pursuant to this Section 7, and any
person who has received Company Stock from the Plan or from such a Participant
by reason of the Participant's death or incompetency, divorce or separation from
the Participant, or a rollover distribution described in Section 402(c) of the
Code, shall, prior to any sale or other transfer of the Company Stock to any
other person, first offer the Company Stock to the issuing Employer and to the
Plan at its current fair market value. This restriction shall apply to any
transfer, whether voluntary, involuntary, or by operation of law, and whether
for consideration or gratuitous. Either the Employer or the Trustee may accept
the offer within 14 days after it is delivered. Any Company Stock distributed by
the Plan shall bear a conspicuous legend describing the right of first refusal
under this Section 7.06, as applicable, as well as any other restrictions upon
the transfer of the Company Stock imposed by federal and state securities laws
and regulations.

SECTION 7.07 DIRECT TRANSFER OF ELIGIBLE PLAN DISTRIBUTIONS

(a)  Notwithstanding any provision of the Plan to the contrary that would
     otherwise limit a distributee's election under this Section, a distributee
     (as defined below) may elect to have any portion of an eligible rollover
     distribution (as defined below) paid directly to an eligible retirement
     plan (as defined below) specified by the distributee in a direct rollover
     (as defined below). A "distributee" includes a Participant or former
     Participant. In addition, the Participant's or former Participant's
     surviving spouse and the Participant's or former Participant's spouse or
     former spouse who is the alternate payee under a qualified domestic
     relations order, as defined in Section 414(p) of the Code, are distributees
     with regard to the interest of the spouse or former spouse. For purposes of
     this Section 7.07 a "direct rollover" is a payment by the Plan to the
     eligible retirement plan specified by the distributee.

(b)  To effect such a direct transfer, the distributee must notify the Committee
     that a direct rollover is desired and provide to the Committee sufficient
     information regarding the eligible retirement plan to which the payment is
     to be made. Such notice shall be made in such form and at such time as the
     Committee may prescribe. Upon receipt of such notice, the Committee shall
     direct the Trustee to make a trustee-to-trustee transfer of the eligible
     rollover distribution to the eligible retirement plan so specified.

(c)  For purposes of this Section 7.07, an "eligible rollover distribution"
     shall have the meaning set forth in Section 402(c)(4) of the Code and any
     Treasury Regulations promulgated thereunder. To the extent such meaning is
     not inconsistent with the above references, an eligible rollover
     distribution shall mean any distribution of all or any portion of the
     Participant's Account, except that such term shall not include any
     distribution which is one of a series of substantially equal periodic
     payments (not less frequently than annually) made (i) for the life (or life
     expectancy) of the Participant or the joint lives (or joint life
     expectancies) of the Participant and a designated Beneficiary, or (ii) for
     a period of ten years or more. Further, the term "eligible rollover
     distribution" shall not include any distribution required to be made under
     Section 401(a)(9) of the

                                       24

<PAGE>

     Code or, the portion of any distribution that is not includible in gross
     income (determined without regard to the exclusions for net unrealized
     appreciation with respect to Company Stock). To the extent applicable under
     the Plan, "eligible rollover distributions" shall also not include any
     hardship distribution described in Section 401(k)(2)(B)(i)(IV) of the Code.

(d)  For purposes of this Section 7.07, an "eligible retirement plan" shall have
     the meaning set forth in Section 402(c)(8) of the Code and any Treasury
     Regulations promulgated thereunder. To the extent such meaning is not
     consistent with the above references, an eligible retirement plan shall
     mean: (i) an individual retirement account described in Section 408(a) of
     the Code, (ii) an individual retirement annuity described in Section 408(b)
     of the Code, (iii) an annuity or annuity plan described in Section 403(a)
     or Section 403(b) of the Code, (iv) a qualified trust described in Section
     401(a) of the Code, or (v) a governmental plan under Section 457 of the
     Code that accepts the distributee's eligible rollover distribution.
     However, in the case of an eligible rollover distribution to a surviving
     spouse, an eligible retirement plan means an individual retirement account
     or individual retirement annuity.

(e)  An eligible retirement plan shall also mean an annuity contract described
     in Section 403(b) of the Code and an eligible plan under Section 457(b) of
     the Code which is maintained by a state, political subdivision of a state,
     or any agency or instrumentality of a state or political subdivision of a
     state which agrees to separately account for amounts transferred into such
     plan from this Plan. The definition of eligible retirement plan shall also
     apply in the case of a distribution to a surviving spouse, or to a spouse
     or former spouse who is the alternate payee under a qualified domestic
     relation order as defined in Section 414(p) of the Code.

                                    SECTION 8
                    VOTING OF COMPANY STOCK AND TENDER OFFERS

SECTION 8.01 VOTING OF COMPANY STOCK.

(a)  IN GENERAL. The Trustee shall generally vote all shares of Company Stock
     held in the Trust in accordance with the provisions of this Section 8.01.

(b)  ALLOCATED SHARES. Shares of Company Stock which have been allocated to
     Participants' Accounts shall be voted by the Trustee in accordance with the
     Participants' written instructions.

(c)  UNINSTRUCTED AND UNALLOCATED SHARES. Shares of Company Stock which have
     been allocated to Participants' Accounts but for which no written
     instructions have been received by the Trustee regarding voting shall be
     voted by the Trustee in a manner calculated to most accurately reflect the
     instructions the Trustee has received from Participants regarding voting
     shares of allocated Company Stock. Shares of unallocated Company Stock
     shall also be voted by the Trustee in a manner calculated to most
     accurately reflect the instructions the Trustee has received from
     Participants regarding

                                       25

<PAGE>

     voting shares of allocated Company Stock. Notwithstanding the preceding two
     sentences, all shares of Company Stock which have been allocated to
     Participants' Accounts and for which the Trustee has not timely received
     written instructions regarding voting and all unallocated shares of Company
     Stock must be voted by the Trustee in a manner determined by the Trustee to
     be solely in the best interests of the Participants and Beneficiaries.

(d)  PROCEDURE AND CONFIDENTIALITY. Whenever such voting rights are to be
     exercised, the Employers, the Committee, and the Trustee shall see that all
     Participants and Beneficiaries are provided with the same notices and other
     materials as are provided to other holders of the Company Stock, and are
     provided with adequate opportunity to deliver their instructions to the
     Trustee regarding the voting of Company Stock allocated to their Accounts
     or deemed allocated to their Accounts for purposes of voting. The
     instructions of the Participants with respect to the voting of shares of
     Company Stock shall be confidential.

SECTION 8.02 TENDER OFFERS.

In the event of a tender offer, Company Stock shall be tendered by the Trustee
in the same manner set forth in Section 8.01 of the Plan regarding the voting of
Company Stock.

                                    SECTION 9
                      THE COMMITTEE AND PLAN ADMINISTRATION

SECTION 9.01 IDENTITY OF THE COMMITTEE.

The Committee shall consist of three or more individuals selected by the Bank.
Any individual, including a director, trustee, shareholder, officer, or Employee
of an Employer, shall be eligible to serve as a member of the Committee. The
Bank shall have the power to remove any individual serving on the Committee at
any time without cause upon ten (10) days' written notice to such individual and
any individual may resign from the Committee at any time without reason upon ten
(10) days' written notice to the Bank. The Bank shall notify the Trustee of any
change in membership of the Committee.

SECTION 9.02 AUTHORITY OF COMMITTEE.

(a)  The Committee shall be the "plan administrator" within the meaning of ERISA
     and shall have exclusive responsibility and authority to control and manage
     the operation and administration of the Plan, including the interpretation
     and application of its provisions, except to the extent such responsibility
     and authority are otherwise specifically:

     (i)  allocated to the Bank, the Employers, or the Trustee under the Plan
          and Trust Agreement;

     (ii) delegated in writing to other persons by the Bank, the Employers, the
          Committee, or the Trustee; or

                                       26

<PAGE>

     (iii) allocated to other parties by operation of law.

(b)  The Committee shall have exclusive responsibility regarding decisions
     concerning the payment of benefits under the Plan.

(c)  The Committee shall have full investment responsibility with respect to the
     Investment Fund except to the extent, if any, specifically provided for in
     the Trust Agreement.

(d)  In the discharge of its duties, the Committee may employ accountants,
     actuaries, legal counsel, and other agents (who also may be employed by an
     Employer or the Trustee in the same or some other capacity) and may pay
     such individuals reasonable compensation and expenses for their services
     rendered with respect to the operation or administration of the Plan, to
     the extent such payments are not otherwise prohibited by law.

SECTION 9.03 DUTIES OF COMMITTEE.

(a)  The Committee shall keep whatever records may be necessary in connection
     with the maintenance of the Plan and shall furnish to the Employers
     whatever reports may be required from time to time by the Employers. The
     Committee shall furnish to the Trustee whatever information may be
     necessary to properly administer the Trust. The Committee shall see to the
     filing with the appropriate government agencies of all reports and returns
     required with respect to the Plan under ERISA, the Code and other
     applicable laws and regulations.

(b)  The Committee shall have exclusive responsibility and authority with
     respect to the Plan's holdings of Company Stock and shall direct the
     Trustee in all respects regarding the purchase, retention, sale, exchange,
     and pledge of Company Stock and the creation and satisfaction of any
     Acquisition Loan to the extent such responsibilities are not set forth in
     the Trust Agreement.

(c)  The Committee shall at all times act consistently with the Bank's long-term
     intention that the Plan, as an employee stock ownership plan, be invested
     primarily in Company Stock. Subject to the direction of the Committee with
     respect to any Acquisition Loan pursuant to the provisions of Section 4.03
     of the Plan, and subject to the provisions of Sections 7.05 and 11.04 of
     the Plan as to Participants' rights under certain circumstances to have
     their Accounts invested in Company Stock or in assets other than Company
     Stock, the Committee shall determine, in its sole discretion, the extent to
     which assets of the Trust shall be used to repay any Acquisition Loan, to
     purchase Company Stock, or to invest in other assets selected by the
     Committee or an investment manager. No provision of the Plan relating to
     the allocation or vesting of any interests in Company Stock or investments
     other than Company Stock shall restrict the Committee from changing any
     holdings of the Trust Fund, whether the changes involve an increase or a
     decrease in the Company Stock or other assets credited to Participants'
     Accounts. In determining the proper extent of the Trust Fund's investment
     in Company Stock, the Committee shall be authorized to employ investment
     counsel, legal counsel, appraisers, and other agents and

                                       27

<PAGE>

     to pay their reasonable compensation and expenses to the extent such
     payments are not prohibited by law.

(d)  If the valuation of any Company Stock is not established by reported
     trading on a generally recognized public market, then the Committee shall
     have the exclusive authority and responsibility to determine the value of
     the Company Stock for all purposes under the Plan. Such value shall be
     determined as of each Valuation Date and on any other date as of which the
     Trustee purchases or sells Company Stock in a manner consistent with
     Section 4975 of the Code and the Treasury Regulations issued thereunder.
     The Committee shall use generally accepted methods of valuing stock of
     similar corporations for purposes of arm's length business and investment
     transactions, and in this connection the Committee shall obtain, and shall
     be protected in relying upon, the valuation of Company Stock as determined
     by an independent appraiser (as defined in Section 401(a)(28)(c) of the
     Code).

SECTION 9.04 COMPLIANCE WITH ERISA AND THE CODE.

The Committee shall perform all acts necessary to ensure the Plan's compliance
with ERISA and the Code. Each individual member of the Committee shall discharge
his duties in good faith and in accordance with the applicable requirements of
ERISA and the Code.

SECTION 9.05 ACTION BY COMMITTEE.

All actions of the Committee shall be governed by the affirmative vote of a
majority of the total number of Committee members. The members of the Committee
may meet informally and may take any action without meeting as a group.

SECTION 9.06 EXECUTION OF DOCUMENTS.

Any instrument to be executed by the Committee may be signed by any member of
the Committee.

SECTION 9.07 ADOPTION OF RULES.

The Committee shall adopt such rules and regulations of uniform applicability as
it deems necessary or appropriate for the proper operation, administration and
interpretation of the Plan.

SECTION 9.08 RESPONSIBILITIES TO PARTICIPANTS.

The Committee shall determine which Employees qualify to participate in the
Plan. The Committee shall furnish to each Eligible Employee whatever summary
plan descriptions, summary annual reports, and other notices and information
that may be required under ERISA. The Committee also shall determine when a
Participant or his Beneficiary qualifies for the payment of benefits under the
Plan. The Committee shall furnish to each such Participant or Beneficiary
whatever information is required under ERISA or the Code (or is otherwise
appropriate) to enable the Participant or Beneficiary to make whatever elections
may be

                                       28

<PAGE>

available pursuant to Section 7, and the Committee shall provide for the payment
of benefits in the proper form and amount from the Trust. The Committee may
decide in its sole discretion to permit modifications of elections and to defer
or accelerate benefits to the extent consistent with the terms of the Plan,
applicable law, and the best interests of the individuals concerned.

SECTION 9.09 ALTERNATIVE PAYEES IN EVENT OF INCAPACITY.

If the Committee finds at any time that an individual qualifying for benefits
under this Plan is a minor or is incompetent, the Committee may direct the
benefits to be paid, in the case of a minor, to his parents, his legal guardian,
a custodian for him under the Uniform Transfers to Minors Act, or the person
having actual custody of him, or, in the case of an incompetent, to his spouse,
his legal guardian, or the person having actual custody of him. The Committee
and the Trustee shall not be obligated to inquire as to the actual use of the
funds by the person receiving them under this Section 9.09, and any such payment
shall completely discharge the obligations of the Plan, the Trustee, the
Committee, and the Employers to the extent of the payment.

SECTION 9.10 INDEMNIFICATION BY EMPLOYERS.

Except as separately agreed upon in writing, the Committee, and any member or
employee of the Committee, shall be indemnified and held harmless by the
Employers, jointly and severally, to the fullest extent permitted by law,
against any and all costs, damages, expenses, and liabilities reasonably
incurred by or imposed upon the Committee or such individual in connection with
any claim made against the Committee or such individual, or in which the
Committee or such individual may be involved by reason of being, or having been,
the Committee, or a member or employee of the Committee, to the extent such
amounts are not paid by insurance.

SECTION 9.11 ABSTENTION BY INTERESTED MEMBER.

Any member of the Committee who is also a Participant in the Plan shall take no
part in any determination specifically relating to his own participation or
benefits under the Plan, unless an abstention would render the Committee
incapable of acting on the matter.

                                   SECTION 10
                         RULES GOVERNING BENEFIT CLAIMS

SECTION 10.01 CLAIM FOR BENEFITS.

Any Participant or Beneficiary who qualifies for the payment of benefits shall
file a claim for benefits with the Committee on a form provided by the
Committee. The claim, including any election of an alternative benefit form,
shall be filed at least 30 days before the date on which the benefits are to
begin. If a Participant or Beneficiary fails to file a claim by the 30th day
before the date on which benefits become payable, he shall be presumed to have
filed a claim for payment for the Participant's benefits in the standard form
prescribed by Section 7 of the Plan.

                                       29
<PAGE>

SECTION 10.02 NOTIFICATION BY COMMITTEE.

Within 90 days after receiving a claim for benefits (or within 180 days, if
special circumstances require an extension of time and written notice of the
extension is given to the Participant or Beneficiary within 90 days after
receiving the claim for benefits), the Committee shall notify the Participant or
Beneficiary whether the claim has been approved or denied. If the Committee
denies a claim in any respect, the Committee shall set forth in a written notice
to the Participant or Beneficiary:

(a)  each specific reason for the denial;

(b)  specific references to the pertinent Plan provisions on which the denial is
     based;

(c)  a description of any additional material or information which could be
     submitted by the Participant or Beneficiary to support his claim, with an
     explanation of the relevance of such information; and

(d)  an explanation of the claims review procedures set forth in Section 10.03
     of the Plan.

SECTION 10.03 CLAIMS REVIEW PROCEDURE.

Within 60 days after a Participant or Beneficiary receives notice from the
Committee that his claim for benefits has been denied in any respect, he may
file with the Committee a written notice of appeal setting forth his reasons for
disputing the Committee's determination. In connection with his appeal, the
Participant or Beneficiary or his representative may inspect or purchase copies
of pertinent documents and records to the extent not inconsistent with other
Participants' and Beneficiaries' rights of privacy. Within 60 days after
receiving a notice of appeal from a prior determination (or within 120 days, if
special circumstances require an extension of time and written notice of the
extension is given to the Participant or Beneficiary and his representative
within 60 days after receiving the notice of appeal), the Committee shall
furnish to the Participant or Beneficiary and his representative, if any, a
written statement of the Committee's final decision with respect to his claim,
including the reasons for such decision and the particular Plan provisions upon
which it is based.

                                   SECTION 11
                                    THE TRUST

SECTION 11.01 CREATION OF TRUST FUND.

All amounts received under the Plan from an Employer and investments shall be
held in a Trust Fund pursuant to the terms of this Plan and the Trust Agreement.
The benefits described in this Plan shall be payable only from the assets of the
Trust Fund. Neither the Bank, any other Employer, its board of directors or
trustees, its stockholders, its officers, its employees, the Committee, nor the
Trustee shall be liable for payment of any benefit under this Plan except from
the Trust Fund.

                                       30

<PAGE>

SECTION 11.02 COMPANY STOCK AND OTHER INVESTMENTS.

The Trust Fund held by the Trustee shall be divided into Company Stock and
investments other than Company Stock. The Trustee shall have no investment
responsibility for the portion of the Trust Fund consisting of Company Stock,
but shall accept any Employer contributions made in the form of Company Stock,
and shall acquire, sell, exchange, distribute, and otherwise deal with and
dispose of Company Stock in accordance with the instructions of the Committee.

SECTION 11.03 ACQUISITION OF COMPANY STOCK.

From time to time the Committee may, in its sole discretion, direct the Trustee
to acquire Company Stock from the issuing Employer or from shareholders,
including shareholders who are or have been Employees, Participants, or
fiduciaries with respect to the Plan. The Trustee shall pay for such Company
Stock no more than its fair market value, which shall be determined conclusively
by the Committee pursuant to Section 9.03(d) of the Plan. The Committee may
direct the Trustee to finance the acquisition of Company Stock through an
Acquisition Loan subject to the provisions of Section 4.03 of the Plan.

SECTION 11.04 PARTICIPANTS' OPTION TO DIVERSIFY.

The Committee shall establish a procedure under which each Participant may,
during the first five years of a certain six-year period, elect to have up to 25
percent of the value of his Accounts committed to alternative investment options
within an "Investment Fund." For the sixth year in this period, the Participant
may elect to have up to 50 percent of the value of his Accounts committed to
other investments. The six-year period shall begin with the Plan Year following
the first Plan Year in which the Participant has both reached age 55 and
completed 10 years of participation in the Plan; a Participant's election to
diversify his Accounts must be made within the 90-day period immediately
following the last day of each of the six Plan Years. The Committee shall see
that the Investment Fund includes a sufficient number of investment options to
comply with Section 401(a)(28)(B) of the Code. The Committee may, in its
discretion, permit a transfer of a portion of the Participant's Accounts to the
Employer's 401(k) Plan (if any) in order to satisfy this Section 11.04, provided
such investments comply with Section 401(a)(28)(B) of the Code and such transfer
is not otherwise prohibited under the Code or ERISA. The Trustee shall comply
with any investment directions received from Participants in accordance with the
procedures adopted from time to time by the Committee under this Section 11.04.

                                   SECTION 12
                       ADOPTION, AMENDMENT AND TERMINATION

SECTION 12.01 ADOPTION OF PLAN BY OTHER EMPLOYERS.

With the consent of the Bank, any entity may become a participating Employer
under the Plan by:

                                       31

<PAGE>

(a)  taking such action as shall be necessary to adopt the Plan;

(b)  becoming a party to the Trust Agreement establishing the Trust Fund; and

(c)  executing and delivering such instruments and taking such other action as
     may be necessary or desirable to put the Plan into effect with respect to
     the entity's Employees.

SECTION 12.02 ADOPTION OF PLAN BY SUCCESSOR.

In the event that any Employer shall be reorganized by way of merger,
consolidation, transfer of assets or otherwise, so that an entity other than an
Employer shall succeed to all or substantially all of the Employer's business,
the successor entity may be substituted for the Employer under the Plan by
adopting the Plan and becoming a party to the Trust Agreement. Contributions by
the Employer shall be automatically suspended from the effective date of any
such reorganization until the date upon which the substitution of the successor
entity for the Employer under the Plan becomes effective. If, within 90 days
following the effective date of any such reorganization, the successor entity
shall not have elected to become a party to the Plan, or if the Employer shall
adopt a plan of complete liquidation other than in connection with a
reorganization, the Plan shall be automatically terminated with respect to
Employees of the Employer as of the close of business on the 90th day following
the effective date of the reorganization, or as of the close of business on the
date of adoption of a plan of complete liquidation, as the case may be.

SECTION 12.03 PLAN ADOPTION SUBJECT TO QUALIFICATION.

Notwithstanding any other provision of the Plan, the adoption of the Plan and
the execution of the Trust Agreement are conditioned upon their being determined
initially by the Internal Revenue Service to meet the qualification requirements
of Section 401(a) of the Code, so that the Employers may deduct currently for
federal income tax purposes their contributions to the Trust and so that the
Participants may exclude the contributions from their gross income and recognize
income only when they receive benefits. In the event that this Plan is held by
the Internal Revenue Service not to qualify initially under Section 401(a) of
the Code, the Plan may be amended retroactively to the earliest date permitted
by the Code and the applicable Treasury Regulations in order to secure
qualification under Section 401(a) of the Code. If this Plan is held by the
Internal Revenue Service not to qualify initially under Section 401(a) of the
Code either as originally adopted or as amended, each Employer's contributions
to the Trust under this Plan (including any earnings thereon) shall be returned
to it and this Plan shall be terminated. In the event that this Plan is amended
after its initial qualification, and the Plan, as amended, is held by the
Internal Revenue Service not to qualify under Section 401(a) of the Code, the
amendment may be modified retroactively to the earliest date permitted by the
Code and the applicable Treasury Regulations in order to secure approval of the
amendment under Section 401(a) of the Code.

                                       32

<PAGE>

SECTION 12.04 RIGHT TO AMEND OR TERMINATE.

(a)  The Bank intends to continue this Plan as a permanent program. However,
     each participating Employer separately reserves the right to suspend,
     supersede, or terminate the Plan at any time and for any reason, as it
     applies to that Employer's Employees, and the Bank reserves the right to
     amend, suspend, supersede, merge, consolidate, or terminate the Plan at any
     time and for any reason, as it applies to the Employees of all Employers.

(b)  No amendment, suspension, supersession, merger, consolidation, or
     termination of the Plan shall reduce any Participant's or Beneficiary's
     proportionate interest in the Trust Fund, or shall divert any portion of
     the Trust Fund to purposes other than the exclusive benefit of the
     Participants and their Beneficiaries prior to the satisfaction of all
     liabilities under the Plan. Except as is required for purposes of
     compliance with the Code or ERISA, neither the provisions of Section 5.04
     relating to the crediting of contributions, forfeitures and shares of
     Company Stock released from the Loan Suspense Account, nor any other
     provision of the Plan relating to the allocation of benefits to
     Participants, may be amended more frequently than once every six months.
     Moreover, there shall not be any transfer of assets to a successor plan or
     merger or consolidation with another plan unless, in the event of the
     termination of the successor plan or the surviving plan immediately
     following such transfer, merger, or consolidation, each participant or
     beneficiary would be entitled to a benefit equal to or greater than the
     benefit he would have been entitled to if the plan in which he was
     previously a participant or beneficiary had terminated immediately prior to
     such transfer, merger, or consolidation. Following a termination of this
     Plan by the Bank, the Trustee shall continue to administer the Trust and
     pay benefits in accordance with the Plan and the Committee's instructions.

(c)  In the event of a Change in Control, the Plan shall be terminated and
     allocations made to Participants in accordance with the provisions of
     Section 5.08 of the Plan.

                                   SECTION 13
                               GENERAL PROVISIONS

SECTION 13.01 NONASSIGNABILITY OF BENEFITS

The interests of Participants and other persons entitled to benefits under the
Plan shall not be subject to the claims of their creditors and may not be
voluntarily or involuntarily assigned, alienated, pledged, encumbered, sold, or
transferred. The prohibitions set forth in this Section 13.01 shall also apply
to any judgment, decree, or order (including approval of a property or
settlement agreement) which relates to the provision of child support, alimony,
or property rights to a present or former spouse, child, or other dependent of a
Participant pursuant to a domestic relations order, unless such judgment, decree
or order is determined to be a "qualified domestic relations order" as defined
in Section 414(p) of the Code.

                                       33

<PAGE>

SECTION 13.02 LIMIT OF EMPLOYER LIABILITY

The liability of the Employers with respect to Participants and other persons
entitled to benefits under the Plan shall be limited to making contributions to
the Trust from time to time, in accordance with Section 4 of the Plan.

SECTION 13.03 PLAN EXPENSES.

All expenses incurred by the Committee or the Trustee in connection with
administering the Plan and Trust shall be paid by the Trustee from the Trust
Fund to the extent the expenses have not been paid or assumed by the Employer.

SECTION 13.04 NONDIVERSION OF ASSETS.

Except as provided in Sections 5.05 and 12.03 of the Plan, under no
circumstances shall any portion of the Trust Fund be diverted to or used for any
purpose other than the exclusive benefit of Participants and their Beneficiaries
prior to the satisfaction of all liabilities under the Plan.

SECTION 13.05 SEPARABILITY OF PROVISIONS.

If any provision of the Plan is held to be invalid or unenforceable, the other
provisions of the Plan shall not be affected but shall be applied as if the
invalid or unenforceable provision had not been included in the Plan.

SECTION 13.06 SERVICE OF PROCESS.

The agent for the service of process upon the Plan shall be the Chairman of the
Board of the Bank and the Trustee, or such other person as may be designated
from time to time by the Bank.

SECTION 13.07 GOVERNING LAW.

The Plan is established under, and its validity, construction and effect shall
be governed by the laws of the State of Missouri to the extent those laws are
not preempted by federal law, including the provisions of ERISA.

SECTION 13.08 SPECIAL RULES FOR PERSONS SUBJECT TO SECTION 16(b) REQUIREMENTS.

Notwithstanding anything herein to the contrary, any former Participant who is
subject to the provisions of Section 16(b) of the Securities Exchange Act of
1934, who becomes eligible to again participate in the Plan, may not become a
Participant prior to the date that is six months from the date such former
Participant terminated participation in the Plan. In addition, any person
subject to the provisions of Section 16(b) of the Securities Exchange Act of
1934 Act receiving a distribution of Company Stock from the Plan must hold such
Company Stock for a period of six months, commencing with the date of
distribution. However, this restriction will not apply to Company Stock
distributions made in connection with death, retirement, Disability

                                       34

<PAGE>

or termination of employment, or made pursuant to the terms of a qualified
domestic relations order.

SECTION 13.09 MILITARY SERVICE.

Notwithstanding any other provision of this Plan to the contrary, contributions,
benefits and Service credit with respect to qualified military service will be
provided in accordance with Section 414(u) of the Code.

                                   SECTION 14
                              TOP-HEAVY PROVISIONS

SECTION 14.01 TOP-HEAVY PROVISIONS.

(i)  KEY EMPLOYEE. Key employee means any employee or former employee (including
     any deceased employee) who at any time during the Plan Year that includes
     the Determination Date was an officer of the Employer having annual
     compensation greater than $130,000 (as adjusted under Section 416(i)(1) of
     the Code for Plan Years beginning after December 31, 2002), a 5% owner of
     the Employer or a 1% owner of the Employer having annual compensation of
     more than $150,000. For this purpose, annual compensation means
     compensation within the meaning of Section 415(c)(3) of the Code. The
     determination of who is a key employee will be made in accordance with
     Section 416(i)(1) of the Code and the applicable regulations and other
     guidance of general applicability issued thereunder.

(ii) DETERMINATION OF PRESENT VALUES AND AMOUNTS. This section (ii) shall apply
     for purposes of determining the present values of accrued benefits and the
     amounts of account balances of Participants as of the distribution date.

     (A)  Distributions during year ending on the Determination Date. The
          present values of accrued benefits and the amounts of account balances
          of a Participant as of the Determination Date shall be increased by
          the distributions made with respect to the Participant under the Plan
          and any Plan aggregated with the Plan under Section 416(g)(2) of the
          Code during the 1-year period ending on the Determination Date. The
          preceding sentence shall also apply to distributions under a
          terminated plan which, had it not been terminated, would have been
          aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In
          the case of a distribution made for a reason other than separation
          from service, death or disability, this provision shall be applied by
          substituting "5-year period" for "1-year period".

     (B)  Participants not performing services during the year ending on the
          Determination Date. The accrued benefits and accounts of any
          individual who has not performed services for the Employer during the
          1-year period ending on the Determination Date shall not be taken into
          account."

                                       35

<PAGE>

SECTION 14.02 PLAN MODIFICATIONS UPON BECOMING TOP-HEAVY.

(a)  MINIMUM ACCRUALS. Section 5.04 of the Plan will be modified to provide that
     the aggregate amount of Employer contributions allocated in each Plan Year
     to the Accounts of each Participant who is a non-Key Employee (as defined
     under Section 416(i)(1) of the Code), and who is employed by an Employer as
     of the last day of the Plan Year, may not be less than the lesser of:

     (i)  three percent (3%) of his Compensation for the Plan Year; and

     (ii) a percentage of his Compensation equal to the largest percentage
          obtained by dividing the sum of the amount credited to the Accounts of
          any Key Employee by that Key Employee's Compensation.

(b)  The preceding provision will remain in effect for the period in which the
     Plan is top-heavy. If, for any particular year thereafter, the Plan is no
     longer top-heavy, the provisions contained in this Section 14.02 shall
     cease to apply, except that any previously vested portion of any Account
     balance shall remain nonforfeitable.

                                       36

<PAGE>

                              ESOP TRUST AGREEMENT

                                     BETWEEN

                              RSGROUP TRUST COMPANY

                                       AND

                              LIBERTY SAVINGS BANK

     THIS AGREEMENT OF TRUST (the "Agreement") effective as of April 1, 2006 by
and between LIBERTY SAVINGS BANK, a federal savings bank (the "Company"), and
RSGROUP TRUST COMPANY, a trust company incorporated under the laws of the State
of Maine, replaces in its entirety the trust agreement entered into by and
between the Company and Marvin Weishaar, Ralph W. Brant, Jr. and Robert T.
Servier, as the original trustees of the Liberty Savings Bank Employee Stock
Ownership Plan effective January 1, 1993.

                                   WITNESSETH

     WHEREAS, the Company has adopted the Amended and Restated Liberty Savings
Bank Employee Stock Ownership Plan (the "Plan"), effective as of October 1, 2005
for the exclusive purpose of providing benefits to participants and their
beneficiaries under the Plan;

     WHEREAS, in connection with the original adoption of the Liberty Savings
Bank Employee Stock Ownership Plan the Company established a trust effective
January 1, 1993; and

     WHEREAS, Marvin Weishaar, Ralph W. Brant, Jr. and Robert T. Servier
currently serve as the trustees of the Liberty Savings Bank Employee Stock
Ownership Plan and wish to resign their position as trustees effective April 1,
2006; and

     WHEREAS, the Company wishes to appoint RSGroup Trust Company to serve as
successor trustee for the Plan Trust (the "Trustee"), effective April 1, 2006;
and

     WHEREAS, the Trustee wishes to accept its appointment as successor trustee
for the Plan; and

     NOW, THEREFORE, in consideration of the mutual covenants contained herein,
the parties hereto, intending to be legally bound, hereby agree and declare as
follows:

<PAGE>

                                    ARTICLE I
                                      TRUST

     SECTION 1.1. The Company and the Trustee hereby agree to enter into this
trust agreement which replaces in its entirety the original trust established in
connection with the adoption of the Liberty Savings Bank Employee Stock
Ownership Plan. The new trust established under this agreement consists of such
sums as shall from time to time be paid to the Trustee under the Plan and such
earnings, income and appreciation as may accrue thereon which, less payments
made by the Trustee to carry out the purposes of the Plan, are referred to
herein as the "Fund." The Trustee shall carry out the duties and
responsibilities herein specified, but shall be under no duty to determine
whether the amount of any contribution by the Company or any affiliated entity
or by any participant under the Plan is in accordance with the terms of the
Plan, nor shall the Trustee be responsible for the collection of any
contributions required under the Plan.

     SECTION 1.2. The Fund shall be held, invested, reinvested and administered
by the Trustee in accordance with the terms of the Plan and this Agreement
solely in the interest of participants and their beneficiaries under the Plan
and for the exclusive purpose of providing benefits to participants and their
beneficiaries and defraying the reasonable expenses of administering the Plan.
Except as provided in Section 4.2, no assets of the Plan shall inure to the
benefit of the Company or any affiliated entity.

     SECTION 1.3. The Trustee shall pay benefits and expenses from the Fund only
upon the written direction of the Plan Administrator, the individual specified
in the Plan as the fiduciary responsible for the day-to-day operation and
administration of the Plan. The Trustee shall be fully entitled to rely on such
directions furnished by the Plan Administrator and shall be under no duty to
ascertain whether the directions are in accordance with the provisions of the
Plan.

                                   ARTICLE II
                             INVESTMENT OF THE FUND

     SECTION 2.1. In accordance with the provisions of the Plan, the Trustee
shall invest and reinvest the Fund without distinction between principal and
income in Company Stock in accordance with the terms of the Plan and this
Agreement as directed by the Company. To the extent that contributions are made
in Company Stock, the Trustee will be expected to retain such Company Stock. To
the extent contributions are made in cash or other amounts are received in cash
and are not needed to pay principal or interest on an ESOP loan, to pay
distributions to participants and their beneficiaries or to pay expenses of the
Trust, the Trustee will either distribute such amounts as a cash dividend in
accordance with Section 7.2 of the Plan or credit such amounts to Plan accounts
in accordance with Section 7.2 of the Plan. If at the time Company Stock is to
be purchased, the Company has outstanding more than one class of Company Stock,
the Company shall direct the Trustee as to which class of Company Stock shall be
purchased.

                                       2

<PAGE>

     SECTION 2.2. In accordance with the provisions of the Plan and except as
provided in Section 2.1, all assets of the Fund shall be invested by the Trustee
solely in Company Stock, with the exception that if the Trustee is notified by
the Company that a participant is eligible to make a diversification election,
if provided for under the Plan, whereby the participant may transfer a specified
portion of the participant's account to other investment options available under
the Plan, the Trustee shall invest such specified portion of the participant's
account in accordance with the participant's investment directions as provided
for in the Plan and Section 2.3 hereof. The Company shall notify the Trustee of
any such investment options currently available under the Plan and any other
plan sponsored by the Company which accepts such amounts and of any changes
thereto, which changes shall be effective no earlier than 60 days after delivery
of written notice to the Trustee (unless otherwise agreed to by the Trustee).

     In accordance with the provisions of the Plan, the Named Fiduciary of the
Plan is authorized to appoint an "investment manager" as defined in Section
3(38) of the Employee Retirement Income Security Act of 1974, as amended
("ERISA"), to be responsible for managing one or more of the designated
investment options available under the Plan and selecting the specific
investments that comprise any such investment option. In such case, the Named
Fiduciary shall establish the investment policies and guidelines that the
investment manager shall follow when managing the investment option for the
Plan, but the Named Fiduciary shall not be responsible for the selection of the
specific investments that comprise any such investment option. The Trustee shall
follow the directions of the investment manager regarding the designated
investment option(s) for which the investment manager is assigned
responsibility.

     SECTION 2.3. In accordance with the provisions of the Plan, each
participant who is eligible to make the diversification election described in
Section 2.2 shall direct the Trustee as to the investment of that portion of his
or her account subject to such election. All investment directions by
participants shall be timely furnished to the Trustee by the Plan Administrator,
except to the extent such directions are transmitted telephonically or otherwise
by participants and beneficiaries directly to the Trustee in accordance with
rules and procedures established and approved by the Plan Administrator and the
Trustee. In making any such investment of the assets of the Fund, the Trustee
shall be fully entitled to rely on the directions from participants that are
properly furnished to the Trustee, and the Trustee shall be under no duty to
make any inquiry or investigation with respect thereto.

     SECTION 2.4. Subject to the provisions of Section 2.1, 2.2, and 2.3, the
Trustee shall have the authority, in addition to any authority given by law, to
exercise the following powers in the administration of the Fund:

          (a) with respect to the diversification election described in Section
     2.2 above, to invest and reinvest all or a part of the assets of the Fund
     in the available investment options under the Plan without restriction to
     investments authorized for fiduciaries, including, without limitation on
     the amount that may be invested therein, any common, collective or
     commingled trust fund maintained by the Trustee, investment company, mutual
     fund, or other security or investment option offered by the Trustee. Any
     investment in, and any terms and conditions of, any common, collective or
     commingled

                                       3

<PAGE>

     trust fund available only to employee trusts which meet the requirements of
     the Code or corresponding provisions of subsequent income tax laws of the
     United States, shall constitute an integral part of this Agreement and the
     Plan;

          (b) to dispose of all or any part of the investments, securities, or
     other property which may from time to time or at any time constitute the
     Fund and to make, execute and deliver to the purchasers thereof good and
     sufficient deeds of conveyance thereof, and all assignments, transfers and
     other legal instruments, either necessary or convenient for passing the
     title and ownership thereto, free and discharged of all trusts and without
     liability on the part of such purchasers to see to the application of the
     purchase money;

          (c) to cause any investment of the Fund to be registered in the name
     of the Trustee or the name of its nominee or nominees or to retain such
     investment unregistered or in a form permitting transfer by delivery;
     provided that the books and records of the Trustee shall at all times show
     that all such investments are part of the Fund;

          (d) to consult and employ any suitable agent to act on behalf of the
     Trustee and to contract for legal, accounting, clerical and other services
     deemed necessary by the Trustee to manage and administer the Fund according
     to the terms of the Plan and this Agreement;

          (e) to pay from the Fund all taxes imposed or levied with respect to
     the Fund or any part thereof under existing or future laws, and to contest
     the validity or amount of any tax, assessment, claim or demand respecting
     the Fund or any part thereof; and

          (f) generally to exercise any of the powers of an owner with respect
     to all or any part of the Fund.

     SECTION 2.5. Each participant or beneficiary to whose account shares of
Company stock have been allocated shall, as a named fiduciary within the meaning
of Section 403(a)(1) of ERISA, direct the Trustee with respect to the voting
and, if applicable, tendering of shares of Company stock allocated to his or her
account, and the Trustee shall follow the directions of those participants and
beneficiaries who provide timely instructions to the Trustee. The Trustee shall
vote the shares of Company stock allocated to the accounts of participants for
whom no timely instructions have been received in the same proportion as those
shares of Company stock for which instructions were timely received, provided
that the Plan requires that participants and beneficiaries be given advance
notice as to the consequences of any failure to instruct the Trustee as to the
voting of allocated shares of Company stock. Allocated shares of Company stock
will not be tendered, unless directed by a participant or beneficiary to whose
account shares of Company stock have been allocated. The Trustee or an
independent fiduciary (engaged by the Trustee) shall direct the voting and, if
applicable, tendering of shares of Company stock which have not been allocated
to the accounts of participants or beneficiaries; provided, however, that the
Trustee may require, in its sole discretion, that an independent fiduciary
(engaged by the Company and approved of by the Trustee) shall direct the Trustee
with respect to the voting, and, if applicable, tendering of shares of Company
stock which have not been allocated with respect

                                       4

<PAGE>

to any corporate matter which involves the voting of Company stock with respect
to the approval or disapproval of any corporate merger or consolidation,
recapitalization, reclassification, liquidation, dissolution, a sale of
substantially all assets of the business, or any similar transaction.

     SECTION 2.6. Except as may be authorized by regulations promulgated by the
Secretary of Labor, the Trustee shall not maintain the indicia of ownership in
any assets of the Fund outside of the jurisdiction of the district courts of the
United States.

                                   ARTICLE III
                           DUTIES AND RESPONSIBILITIES

     SECTION 3.1. The Trustee, Company, Named Fiduciary and Plan Administrator
shall each discharge their assigned fiduciary duties and responsibilities under
this Agreement and the Plan solely in the interest of participants and their
beneficiaries in the following manner:

          (a) for the exclusive purpose of providing benefits to participants
     and their beneficiaries and defraying reasonable expenses of administering
     the Plan;

          (b) with the care, skill, prudence, and diligence under the
     circumstances then prevailing that a prudent person acting in a like
     capacity and familiar with such matters would use in the conduct of an
     enterprise of a like character and with like aims;

          (c) by selecting a range of available investment options under the
     Plan referenced in Section 2.2 so as to permit participants and
     beneficiaries to diversify their investments pursuant to Section 2.3; and

          (d) in accordance with the provisions of the Plan and this Trust
     Agreement insofar as they are consistent with the provisions of ERISA.

     SECTION 3.2. The Trustee shall keep full and accurate accounts of all
receipts, investments, disbursements and other transactions hereunder, including
such specific records as may be agreed upon in writing between the Company and
Trustee. All such accounts, books and records shall be open to inspection and
audit at all reasonable times by any authorized representative of the Company,
the Named Fiduciary or the Plan Administrator. Any participant or beneficiary
under the Plan may examine only those individual account records pertaining
directly to that participant or beneficiary.

     SECTION 3.3. The Trustee shall determine the value of the Fund at such
times as are mutually agreed upon by the Trustee and the Company but in no case
less frequently than annually. The value of shares of Company Stock held in the
Fund shall be determined at their fair market value defined as their closing
market price on the relevant valuation date; provided, however, that in the
event such shares of Company Stock have no readily-ascertainable fair market
value because they are thinly-traded, at their fair value as determined in good
faith and pursuant to written procedures recommended by the Company and approved
by the Trustee as of such times as the Trustee determines to be appropriate, and
from such financial publications,

                                       5

<PAGE>

pricing services, or other services or sources as the Trustee reasonably
believes appropriate. All other securities and the value of other assets held in
the Fund shall be valued by the Trustee at their market values on the relevant
valuation date under procedures established by the Trustee. For purposes of this
Section, Company Stock shall be considered "thinly traded" if it is publicly
traded on a national exchange or other generally recognized market, but not in
sufficient volume and/or with sufficient frequency to assure prompt execution of
buy and sell orders. The Trustee may seek an opinion from an independent
investment advisor or legal counsel as to whether a given stock is "thinly
traded."

     SECTION 3.4. Within 120 days after the end of each plan year for the Plan
or within 120 days after its removal or resignation, the Trustee shall file with
the Named Fiduciary a written account of the administration of the Fund showing
all transactions effected by the Trustee with respect to the assets of the Plan
subsequent to the period covered by the last preceding account to the end of
such plan year or date of removal or resignation and all property held at its
fair market value at the end of the accounting period. Such accounting shall
show the net value of the Plan's interest in each investment option maintained
by the Trustee for the Fund and shall include financial information necessary
for the completion of the annual reports required for the Plan under ERISA. The
Named Fiduciary may approve such accounting by written notice of approval
delivered to the Trustee or by failure to express objection to such accounting
in writing delivered to the Trustee within 120 days from the date on which the
accounting is delivered to the Named Fiduciary.

     SECTION 3.5. In accordance with the terms of the Plan, the Trustee shall
establish and maintain separate accounts in the name of each participant in
order to record all contributions by or on behalf of the participant to the Plan
and any earnings, losses and expenses attributable thereto. The Plan
Administrator shall furnish the Trustee with participant enrollment data in a
format acceptable to the Trustee identifying the name, address, social security
number, and current investment directions of each participant for whom one or
more separate accounts are to be established by the Trustee under this
Agreement. With respect to all contributions to the Plan and other amounts that
are transmitted to the Trustee, the Plan Administrator shall furnish the Trustee
with participant allocation data in a format acceptable to the Trustee
identifying each participant on whose behalf an amount is being transmitted to
the Trustee and the dollar amount to be allocated to each of the participant's
separate account under the Plan. In allocating amounts to participants' separate
accounts under the Plan, the Trustee shall be fully entitled to rely on the
participant enrollment and allocation data furnished to it by the Plan
Administrator and shall be under no duty to make any inquiry or investigation
with respect thereto.

     SECTION 3.6. The Trustee shall, at least annually, furnish each participant
in the Plan with statements reflecting the current fair market value of the
participant's separate accounts under the Plan and all activities occurring
within such accounts during the most recent reporting period, including Plan
contributions, earnings, investment exchanges, distributions, and withdrawals.

     SECTION 3.7. The Trustee shall not be required to determine the facts
concerning the eligibility of any participant to participate in the Plan, the
amount of benefits payable to any participant or beneficiary under the Plan, or
the date or method of payment or disbursement. The

                                       6

<PAGE>

Trustee shall be fully entitled to rely solely upon the written advice and
directions of the Plan Administrator as to any such question of fact.

     SECTION 3.8. Unless resulting from the Trustee's gross negligence, willful
misconduct, lack of good faith, or breach of its fiduciary duties under this
Agreement or ERISA, the Company shall indemnify and save harmless the Trustee
from, against, for and in respect of any and all damages, losses, obligations,
liabilities, liens, deficiencies, costs and expenses, including without
limitation, reasonable attorney's fees incident to any suit, action,
investigation, claim or proceedings suffered, sustained, incurred or required to
be paid by the Trustee in connection with the Plan or this Agreement.

                                   ARTICLE IV
                            PROHIBITION OF DIVERSION

     SECTION 4.1. Except as provided in Section 4.2, at no time prior to the
satisfaction of all liabilities with respect to participants and their
beneficiaries under the Plan shall any part of the corpus or income of the Fund
be used for, or diverted to, purposes other than for the exclusive benefit of
participants or their beneficiaries, or for defraying reasonable expenses of
administering the Plan.

     SECTION 4.2. The provisions of Section 4.1 notwithstanding, contributions
made by the Company or any affiliated entity under the Plan will be returned to
the Company or affiliated entity under the following conditions:

          (a) If a contribution is made by mistake of fact, such contributions
     may be returned within one year of the payment of such contribution upon
     demand of the Company or affiliated entity; and

          (b) Contributions to the Plan are specifically conditioned upon their
     deductibility under the Code. To the extent a deduction is disallowed for
     any such contribution, it will be returned within one year after the
     disallowance of the deduction upon demand of the Company or affiliated
     entity. Contributions which are not deductible in the taxable year in which
     made but are deductible in subsequent taxable years shall not be considered
     to be disallowed for purposes of this subsection; and

          (c) Contributions to the Plan are specifically conditioned on initial
     qualification of the Plan under the Code. If a Plan is determined by the
     Internal Revenue Service to not be initially qualified, upon demand of the
     Company or affiliated entity any employer contributions made incident to
     that initial qualification will be returned within one year after the date
     the initial qualification is denied, provided that the determination of the
     Internal Revenue Service is made pursuant to an application for
     determination made by the time prescribed by law for filing the return of
     the Company or affiliated entity for the taxable year in which the Plan is
     adopted or such later date as is prescribed by the Secretary of the
     Treasury.

                                       7

<PAGE>

                                    ARTICLE V
                         COMMUNICATION WITH FIDUCIARIES

     SECTION 5.1. Whenever the Trustee is permitted or required to act upon the
directions or instructions of the Company, any named fiduciary, any investment
manager or the Plan Administrator, the Trustee shall be entitled to rely upon
any written communication signed by any person or agent designated to act as or
on behalf of any such fiduciary. Such person or agent shall be so designated
either under the provisions of the Plan or in writing by the Company and such
authority shall continue until revoked in writing. The Trustee shall incur no
liability for failure to act on such person's or agent's instructions or orders
without written communication, and the Trustee shall be fully protected in all
actions taken in good faith in reliance upon any instructions, directions,
certifications and communications believed to be genuine and to have been signed
or communicated by the proper person.

     SECTION 5.2. The Company shall notify the Trustee in writing of the
appointment, removal or resignation of any person designated to act as or on
behalf of the Company, the Named Fiduciary, any investment manager, or the Plan
Administrator. After such notification, the Trustee shall be fully protected in
acting upon the directions of any person designated to act as or on behalf of
any such fiduciary until the Trustee receives notice from the Company to the
contrary. The Trustee shall have no duty to inquire into the qualifications of
any person designated to act as or on behalf of the Company, the Named
Fiduciary, any investment manager or the Plan Administrator.

                                   ARTICLE VI
                             TRUSTEE'S COMPENSATION

     SECTION 6.1. The Trustee shall be entitled to reasonable compensation for
its services as is agreed upon with the Company. The Trustee shall also be
entitled to reimbursement for all direct expenses properly and actually incurred
on behalf of the Plan. Such compensation or reimbursement shall be paid to the
Trustee out of the Fund unless paid directly by the Company.

                                   ARTICLE VII
                       RESIGNATION AND REMOVAL OF TRUSTEE

     SECTION 7.1. The Trustee may resign at any time by written notice to the
Company which shall be effective 60 days after delivery unless prior thereto a
successor trustee shall have been appointed.

     SECTION 7.2. The Trustee may be removed by the Company at any time upon 60
days written notice to the Trustee; such notice, however, may be waived by the
Trustee.

     SECTION 7.3. The appointment of a successor trustee hereunder shall be
accomplished by and take effect upon the delivery to the Trustee of written
notice of the Company appointing

                                       8

<PAGE>

such successor trustee, and an acceptance in writing of the successor trustee
hereunder executed by the successor so appointed. A successor trustee may be
either a corporation authorized and empowered to exercise trust powers or one or
more individuals. All of the provisions set forth herein with respect to the
Trustee shall relate to each successor trustee so appointed with the same force
and effect as if such successor trustee had been originally named herein as the
trustee hereunder. If within 60 days after notice of resignation or removal
shall have been given under the provisions of this Article VII a successor
trustee shall not have been appointed, the Trustee or Company may apply to any
court of competent jurisdiction for the appointment of a successor trustee.

     SECTION 7.4. Upon the appointment of a successor trustee, the Trustee shall
transfer and deliver the Fund to such successor trustee, after reserving such
reasonable amount as it shall deem necessary to provide for its expenses in the
settlement of its account, the amount of any compensation due to it and any sums
chargeable against the Fund for which it may be liable. If the sums so reserved
are not sufficient for such purposes, the resigning or removed Trustee shall be
entitled to reimbursement for any deficiency from the successor trustee and the
Company who shall be jointly and severally liable therefor.

                                  ARTICLE VIII
                 AMENDMENT AND TERMINATION OF THE TRUST AND PLAN

     SECTION 8.1. The Company may, by delivery to the Trustee of an instrument
in writing, terminate this Agreement at any time.

     SECTION 8.2. The Company may partially terminate this Agreement at any time
by delivering to the Trustee a written direction to transfer such part of the
Fund as may be specified in such direction to any other trust established for
the purpose of funding benefits under the Plan or under any other plan
qualifying under Section 401 of the Code, established for the benefit of
participants in the Plan or their beneficiaries by the Company or any affiliated
entity or any successor transferee of the Company or any affiliated entity;
provided such transfer shall be in conformity with the requirements of Federal
law.

     SECTION 8.3. This Agreement may be amended from time to time by the
Company; provided, however, that no amendment shall increase the duties or
liabilities of the Trustee without the Trustee's consent; and, provided further,
that no amendment shall divert any part of the Fund to any purpose other than
providing benefits to participants and their beneficiaries under the Plan or
defraying the reasonable expenses of administering the Plan.

     SECTION 8.4. If the Plan is terminated in whole or in part, the Trustee
shall distribute the Fund or any part thereof in such manner and at such times
as the Plan Administrator shall direct in writing in accordance with the
provisions of the Plan; provided, however, that the Trustee may delay
distribution of the Fund until it has received from the Company a copy of an
Internal Revenue Service determination letter addressing the Plan's
tax-qualified status upon termination, or, in lieu thereof at the Trustee's sole
discretion, an opinion from the Company's legal counsel that the Plan met all
qualification requirements at the date of termination.

                                       9

<PAGE>

                                   ARTICLE IX
                            MISCELLANEOUS PROVISIONS

     SECTION 9.1. Unless the context of this Agreement clearly indicates
otherwise, the terms defined in the Plan shall, when used herein, have the same
meaning as in the Plan.

     SECTION 9.2. Except as otherwise required by law in the case of any
qualified domestic relations order within the meaning of Section 414(p) of the
Code, to the extent of any offset of a Participant's benefits as a result of any
judgment, order, decree or settlement agreement provided in Section
401(a)(13)(C) of the Code, or any federal tax levy made pursuant to Section 6331
of the Code, or except as otherwise provided in the Plan with respect to any
loan to a leveraged ESOP described in Section 4975(d)(3) of the Code or loan
from the Fund to a participant in accordance with the provisions of the Plan,
the benefits or proceeds of any allocated or unallocated portion of the assets
of the Fund and any interest of any participant or beneficiary arising out of or
created by the Plan either before or after the participant's retirement shall
not be subject to execution, attachment, garnishment or other legal or judicial
process whatsoever by any person, whether creditor or otherwise, claiming
against such participant or beneficiary. Except as otherwise provided in the
Plan with respect to any loan from the Fund to a participant in accordance with
the provisions of the Plan, no participant or beneficiary shall have the right
to alienate, encumber or assign any of the payments or proceeds or any other
interest arising out of or created by the Plan and any action purporting to do
so shall be void. The provisions of this Section shall apply to all participants
and beneficiaries, regardless of their citizenship or place of residence.

     SECTION 9.3. Any person dealing with the Trustee may rely upon a copy of
this Agreement and any amendments thereto certified to be true and correct by
the Trustee.

     SECTION 9.4. The Trustee hereby acknowledges receipt of a copy of the Plan.
The Company will cause a copy of any amendment to the Plan to be delivered to
the Trustee.

     SECTION 9.5. The construction, validity and administration of this
Agreement shall be governed by ERISA and, to the extent not preempted by ERISA,
the laws of the State of Maine without regard to its rules regarding conflict of
laws.

                                       10

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in their respective names by their duly authorized officers under their
corporate seals as of the day and year first above written.

                                        LIBERTY SAVINGS BANK

                                        BY: /s/ Brent Giles
                                            ------------------------------------
                                            Brent Giles
                                            President and Chief Executive
                                            Officer

                                        RSGROUP TRUST COMPANY

                                        BY: /s/ Stephen P.Polak
                                            ------------------------------------
                                            Stephen P. Polak
                                            PRINT NAME

                                            Executive Vice President
                                            ------------------------------------
                                            TITLE

                                       11

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