Document:

Exhibit
10.36

 

ESCROW
AGREEMENT

 

This
ESCROW AGREEMENT (this “Agreement”) dated as of ________, 2015 is entered into by and among Yulong Eco-Materials
Limited (the “Company”), Axiom Capital Management, Inc. (the “Underwriter”), and American
Stock Transfer & Trust Company, LLC (the “Escrow Agent”).

 

WITNESSETH:

 

WHEREAS,
the Company is offering to certain investors 2,250,000 shares of its ordinary shares, at an assumed offering price of $6.75 per
share, the midpoint of the anticipated offering price range of $6.25 to $7.25 per share (the “Offering”);

 

[WHEREAS,
the Company and Underwriter expect that the Offering will close on or before the close of business on ___________, 2015, or _______
2015 in the event that the Company and the Underwriter elect and execute in writing to extend the offering (collectively, the
“Closing Date”);]

 

WHEREAS,
the Company has agreed to deposit an aggregate amount of Six Hundred Thousand Dollars ($600,000) (the “Escrowed Funds”)
from the proceeds of the Offering to be received by the Company with the Escrow Agent, in a non-interest bearing escrow account
to be determined, to be held and disbursed by the Escrow Agent pursuant to the terms and conditions of this Agreement;

 

WHEREAS,
the Escrow Agent is willing to hold the Escrowed Funds in escrow pursuant to and subject to the terms and conditions of this Agreement;
and

 

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

 

		1.	Appointment
                                         of Escrow Agent. The Company, Underwriter hereby appoint the Escrow Agent as escrow
                                         agent in accordance with the terms and subject to the conditions set forth herein and
                                         the Escrow Agent hereby accepts such appointment.

 

		2.	Delivery
                                         of the Escrowed Funds. Upon the closing of the Offering, the Escrowed Funds shall
                                         be delivered to the as Escrow Agent for the Offering, into a non-interest bearing escrow
                                         account maintained by the Escrow Agent (the “Escrow Account”) by wire
                                         transfer in accordance with the wire transfer instructions set forth on Schedule A
                                         hereto. In no event shall the aggregate amount of Escrowed Funds delivered to the
                                         Escrow Account be less than Six Hundred Thousand Dollars ($600,000).

 

		3.	Escrow
                                         Agent to Hold and Disburse the Escrowed Funds. The Escrow Agent will retain the Escrowed
                                         Funds in a non-interest bearing escrow account and disburse the Escrowed Funds pursuant
                                         to the terms of this Agreement, as follows:

 

a.         The
Escrowed Funds shall be held by the Escrow Agent for the purpose of indemnification under Section 5 hereof by the Company, for
a period of two (2) years from the closing of the Offering. Disbursement of such escrow funds shall be determined in the Underwriter’s
sole discretion , subject to the presence of any threatened litigation or proceeding in connection to the Underwriter acting in
its capacity as Underwriter in the Offering and the aftermarket effect of the Offering.

 

    	 

    	 

    

 

b.         In
the event that any litigation or proceeding arising out of any matter in connection with the Offering in connection to the Underwriter
acting in its capacity as Underwriter within two (2) years following the Closing Date and for which the Company, and the Underwriter,
the Escrow Agent or the Escrowed Funds becomes the subject of such litigation or proceeding, the Underwriter and the Company hereby
authorize the Escrow Agent, at the Underwriter’s sole instruction upon Underwriter’s written notice to the Escrow
Agent if not otherwise so required, to release and deposit the Escrowed Funds in accordance with written instruction of the Underwriter,
and thereupon the Escrow Agent shall be relieved and discharged of any further responsibility with regard thereto.

 

		4.	Resignation
                                         of Escrow Agent. Escrow Agent may resign and be discharged from the performance of
                                         its duties hereunder at any time by giving ten (10) days’ prior written notice
                                         to the Company and the Underwriter specifying the date when such resignation shall take
                                         effect. Upon any such notice of resignation, the Underwriter shall issue to Escrow Agent
                                         a direction authorizing redelivery of the Escrowed Funds to a bank or trust company that
                                         has been retained as successor to Escrow Agent hereunder prior to the effective date
                                         of such resignation. The retiring Escrow Agent shall transmit all records pertaining
                                         to the Escrow Funds and shall pay all Escrow Funds to the successor escrow agent, after
                                         making copies of such records as the retiring Escrow Agent deems advisable and after
                                         deduction and payment to the retiring Escrow Agent of all fees, costs and expenses (including
                                         court costs and expenses and attorneys' fees) or any other amount payable to, incurred
                                         by, or expected to be incurred by the retiring Escrow Agent in connection with the performance
                                         of its duties and the exercise of its rights hereunder.

 

After
any retiring Escrow Agent’s resignation, the provisions of this Agreement shall inure to its benefit as to any actions taken
or omitted to be taken by it while it was Escrow Agent under this Agreement. Any corporation or other entity into which Escrow
Agent may be merged or converted or with which it may be merged or consolidated, or any other entity to which all or a majority
of all of Escrow Agent’s escrow business may be transferred by sale of assets or otherwise, shall be Escrow Agent under
this Agreement without further act or consent of any party hereto.

 

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		5.	Exculpation
                                         and Indemnification of Escrow Agent.

 

a.         The
Escrow Agent shall have no duties or responsibilities other than those expressly set forth herein. The Escrow Agent shall have
no liability to the Company or the Underwriter, or to their respective shareholders, partners, or members, officers or directors,
employees, affiliates, or any other person, with respect to any suspension of performance or disbursement, specifically including
any liability or claimed liability that may arise or be alleged to have arisen, out of or as a result of any delay in the disbursement
of Escrowed Funds or any delay in or with respect to any other action required or requested of the Escrow Agent; provided, however,
that the Escrow Agent complies with this Agreement and fulfills its obligations pursuant to this Agreement . The Escrow Agent
shall have no duty to enforce any obligation of any person to make any payment or delivery, or to direct or cause any payment
or delivery to be made, or to enforce any obligation of any person to perform any other act. The Escrow Agent shall be under no
liability to the other parties hereto or anyone else, by reason of any failure, on the part of any party hereto or any maker,
guarantor, endorser or other signatory of a document or any other person, to perform such person’s obligations under any
such document. Except for amendments to this Agreement referenced below, and except for written instructions given to the Escrow
Agent by the escrowing parties relating to the Escrowed Funds, the Escrow Agent shall not be obligated to recognize any agreement
between or among any of the escrowing parties, notwithstanding that references thereto may be made herein and the Escrow Agent
has knowledge thereof.

 

b.         The
Escrow Agent shall not be liable to the Company, the Underwriter, or to anyone else for any action taken or omitted by it, or
any action suffered by it to be taken or omitted, in good faith and acting upon any order, notice, demand, certificate, opinion
or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report, or other paper or document
(not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability
of any information therein contained), which is reasonably believed by the Escrow Agent to be genuine.

 

c.         The
Escrow Agent shall not be responsible for the sufficiency or accuracy of the form, or of the execution, validity, value or genuineness
of, any document or property received, held or delivered to it hereunder, or of any signature or endorsement thereon, or for any
lack of endorsement thereon, or for any description therein; nor shall the Escrow Agent be responsible or liable to the Company,
the Underwriter, or to anyone else in any respect on account of the identity, authority or rights, of the person executing or
delivering or purporting to execute or deliver any document or property or this Agreement. The Escrow Agent shall have no responsibility
with respect to the use or application of the Escrowed Funds pursuant to the provisions hereof.

 

d.         The
Escrow Agent shall have the right to assume, in the absence of written notice to the contrary from the proper person or persons,
that a fact or an event, by reason of which an action would or might be taken by the Escrow Agent, does not exist or has not occurred,
without incurring liability to the Company, the Underwriter, or to anyone else for any action taken or omitted to be taken or
omitted, in good faith and in the exercise of its own best judgment, in reliance upon such assumption.

 

e.         To
the extent that the Escrow Agent becomes liable for the payment of taxes, including withholding taxes, in respect of income derived
from the investment of the Escrowed Funds, or any payment made hereunder, the Escrow Agent may pay such taxes from the Escrowed
Funds; and the Escrow Agent may withhold from any payment of the Escrowed Funds such amount as the Escrow Agent estimates to be
sufficient to provide for the payment of such taxes not yet paid, and may use the sum withheld for that purpose. The Escrow Agent
shall be indemnified and held harmless against any liability for taxes and for any penalties in respect of taxes, on such investment
income or payments in the manner provided in Section 5(f).

 

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f.         The
Escrow Agent will be indemnified and held harmless by the Company from and against all expenses, including all counsel fees and
disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or proceeding involving any claim, or
in connection with any claim or demand, which in any way, directly or indirectly, arises out of or relates to this Agreement,
the services of the Escrow Agent hereunder, except for claims relating to gross negligence or wilfull misconduct by the Escrow
Agent. Promptly, but no later than five (5) business days, after the receipt by the Escrow Agent of notice of any demand or claim
or the commencement of any action, suit or proceeding, the Escrow Agent shall, if a claim in respect thereof is to be made by
the Escrow Agent against the Company, notify the Company in writing, but the failure by the Escrow Agent to give such notice shall
not relieve the Company from any liability which the Company may have to the Escrow Agent hereunder, unless the failure of the
Escrow Agent to give such notice prejudices or otherwise impairs the Company’s ability to defend any demand, claim, action
suit or proceeding. Notwithstanding any obligation to make payments and deliveries hereunder, the Escrow Agent may retain and
hold for such time as it deems necessary such amount of monies or property as it shall, from time to time, reasonably deem sufficient
to indemnify itself for any such loss or expense.

 

g.         For
purposes hereof, the term “expense or loss” shall include all amounts paid or payable to satisfy any claim, demand
or liability, or in settlement of any claim, demand, action, suit or proceeding settled, and all costs and expenses, including,
but not limited to, counsel fees and disbursements, paid or incurred in investigating or defending against any such claim, demand,
action, suit or proceeding. No settlement of any claim, demand, action, suit or proceedings referenced herein which Escrow Agent
is a party to shall be made without the express written consent of the Escrow Agent, which consent shall not be unreasonably withheld,
and in no event shall there be any admission of fault or liability on the part of the Escrow Agent in connection with any such
settlement without the consent of the Escrow Agent, which consent shall not be unreasonably withheld. .

 

		6.	Indemnification
                                         by the Company. The Company agrees to indemnify and hold harmless the Underwriter,
                                         the Escrow Agent and each of the other Indemnified Parties (as hereinafter defined) from
                                         and against any and all losses, claims, damages, obligations, penalties, judgments, awards,
                                         liabilities, costs, expenses and disbursements, and any and all actions, suits, proceedings
                                         and investigations in respect thereof and any and all legal and other costs, expenses
                                         and disbursements, including but not limited to giving testimony or furnishing documents
                                         in response to a subpoena or otherwise (including, without limitation, the costs, expenses
                                         and disbursements, as and when incurred, of investigating, preparing, pursing or defending
                                         any such action, suit, proceeding or investigation (whether or not in connection with
                                         litigation in which any Indemnified Party is a party)) (collectively, “Losses”),
                                         directly or indirectly, caused by, relating to, based upon, arising out of, or in connection
                                         with, Underwriter’s acting for the Company, including, without limitation, any
                                         act or omission by the Underwriter in connection with its acceptance of or the performance
                                         or non-performance of its obligations under the Underwriting Agreement between the Company
                                         and Underwriter (the Underwriting Agreement), any breach by the Company of any representation,
                                         warranty, covenant or agreement contained in the Underwriting Agreement (or in any instrument,
                                         document or agreement relating thereto, including any Registration Statement filed with
                                         the Securities and Exchange Commission), or the enforcement by the Underwriter of its
                                         rights under the Agreement or these indemnification provisions, except to the extent
                                         that any such Losses are found in a final judgment by a court of competent jurisdiction
                                         (not subject to further appeal) to have resulted primarily and directly from the gross
                                         negligence or willful misconduct of the Indemnified Party seeking indemnification hereunder.
                                         The Company also agrees that no Indemnified Party shall have any liability (whether direct
                                         or indirect, in contract or tort or otherwise) to the Company for or in connection with
                                         the engagement of the Underwriter by the Company or for any other reason, except to the
                                         extent that any such liability is found in a final judgment by a court of competent jurisdiction
                                         (not subject to further appeal) to have resulted primarily and directly from such Indemnified
                                         Party’s gross negligence or willful misconduct.

 

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These
Indemnification Provisions shall extend to the following persons (collectively, the “Indemnified Parties”):
the Escrow Agent, the Underwriter, their present and former affiliated entities, including but not limited to parents, subsidiaries,
and affiliaties, managers, members, officers, employees, legal counsel, agents and controlling persons (within the meaning of
the federal securities laws), and the officers, directors, partners, stockholders, members, managers, employees, legal counsel,
agents and controlling persons of any of them. These indemnification provisions shall be in addition to any liability which the
Company may otherwise have to any Indemnified Party.

 

If
any action, suit, proceeding or investigation is commenced, as to which an Indemnified Party proposes to demand indemnification,
it shall notify the Company with reasonable promptness; provided, however, that any failure by an Indemnified Party
to notify the Company shall not relieve the Company from its obligations hereunder. An Indemnified Party shall have the right
to retain counsel of its own choice to represent it, and the fees, expenses and disbursements of such counsel shall be borne by
the Company. Any such counsel shall, to the extent consistent with its professional responsibilities, cooperate with the Company
and any counsel designated by the Company to the extent such cooperation does not conflict with its representation of any Indemnified
Party. The Company shall be liable for any settlement of any claim against any Indemnified Party made with the Company’s
written consent. The Company shall not, without the prior written consent of the Indemnified Party, settle or compromise any claim,
or permit a default or consent to the entry of any judgment in respect thereof, unless such settlement, compromise or consent
(i) includes, as an unconditional term thereof, the giving by the claimant to all of the Indemnified Parties of an unconditional
release from all liability in respect of such claim, and (ii) does not contain any factual, legal or any other admission by or
with respect to an Indemnified Party or an adverse statement with respect to the character, professionalism, expertise or reputation
of any Indemnified Party or any action or inaction of any Indemnified Party.

 

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In
order to provide for just and equitable contribution, if a claim for indemnification pursuant to these indemnification provisions
is made but it is found in a final judgment by a court of competent jurisdiction (not subject to further appeal) that such indemnification
may not be enforced in such case, even though the express provisions hereof provide for indemnification in such case, then the
Company shall contribute to the Losses to which any Indemnified Party may be subject (i) in accordance with the relative benefits
received by the Company and its stockholders, subsidiaries and affiliates, on the one hand, and the Indemnified Party, on the
other hand, and (ii) if (and only if) the allocation provided in clause (i) of this sentence is not permitted by applicable law,
in such proportion as to reflect not only the relative benefits, but also the relative fault of the Company, on the one hand,
and the Indemnified Party, on the other hand, in connection with the statements, acts or omissions which resulted in such Losses
as well as any relevant equitable considerations.

 

The
indemnification provisions in this Section 6 shall be binding upon the Company and its successors and assigns and shall inure
to the benefit of the Indemnified Parties, the Escrow Agent and their respective successors, assigns, heirs and personal representatives.

 

		7.	Termination
                                         of Agreement and Resignation of Escrow Agent.

 

a.         This
Agreement shall terminate upon disbursement of all of the Escrowed Funds provided that the rights of the Escrow Agent and the
obligations of the Company and the Underwriter under Section 5 shall survive the termination hereof.

 

b.         The
Escrow Agent may resign at any time and be discharged from its duties as Escrow Agent hereunder by giving the Company and the
Underwriter at least five (5) business days written notice thereof (the “Notice Period”). As soon as practicable
after its resignation, the Escrow Agent shall, if it receives notice from the Company and the Underwriter within the Notice Period,
turn over to a successor escrow agent appointed by the Company and the Underwriter all Escrowed Funds (less such amount as the
Escrow Agent is entitled to continue to retain and hold in escrow pursuant to Section 5(f) and to retain pursuant to Section 9)
upon presentation of the document appointing the new escrow agent and its acceptance thereof.

 

		8.	Form
                                         of Payments by Escrow Agent.

 

a.         Any
payments of the Escrowed Funds by the Escrow Agent pursuant to the terms of this Agreement shall be made by wire transfer unless
directed to be made by check by the escrowing parties.

 

b.         All
amounts referred to herein are expressed in United States Dollars and all payments by the Escrow Agent shall be made in such dollars.

 

		9.	Compensation.
                                         Escrow Agent shall be entitled to $_______ as compensation for its services rendered
                                         under this Agreement, which amount shall be paid by the Company and delivered to an account
                                         designated by the Escrow Agent on the same date when the Escrowed Fund is delivered into
                                         the Escrow Account.

 

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		10.	Notices.
                                         All notices, demands, consents, requests, instructions and other communications to be
                                         given or delivered or permitted under or by reason of the provisions of this Agreement
                                         or in connection with the transactions contemplated hereby shall be in writing and shall
                                         be deemed to be delivered and received by the intended recipient as follows: (i) if personally
                                         delivered, on the business day of such delivery (as evidenced by the receipt of the personal
                                         delivery service), (ii) if mailed certified or registered mail return receipt requested,
                                         two (2) business days after being mailed, (iii) if delivered by overnight courier (with
                                         all charges having been prepaid), on the business day of such delivery (as evidenced
                                         by the receipt of the overnight courier service of recognized standing), or (iv) if delivered
                                         by facsimile transmission, on the business day of such delivery if sent by 6:00 p.m.
                                         in the time zone of the recipient, or if sent after that time, on the next succeeding
                                         business day (as evidenced by the printed confirmation of delivery generated by the sending
                                         party’s telecopier machine). If any notice, demand, consent, request, instruction
                                         or other communication cannot be delivered because of a changed address of which no notice
                                         was given (in accordance with this Section 10), or the refusal to accept same, the notice,
                                         demand, consent, request, instruction or other communication shall be deemed received
                                         on the second business day the notice is sent (as evidenced by a sworn affidavit of the
                                         sender). All such notices, demands, consents, requests, instructions and other communications
                                         will be sent to addresses or facsimile numbers as applicable set forth hereunder.

 

If
to the Company, to:

 

Yulong
Eco-Materials Limited

 

Attn: ________________________

 

____________________________

 

____________________________

 

Phone:
______________________

 

Facsimile:
____________________

 

If
to the Underwriter, to:

 

Axiom
Capital Management, Inc.

 

Attn: ________________________

 

____________________________

 

____________________________

 

Phone:
______________________

 

Facsimile:
____________________

 

If
to the Escrow Agent, to:

 

American
Stock Transfer & Trust Company, LLC

 

Attn: ________________________

 

____________________________

 

____________________________

 

Phone:
______________________

 

Facsimile:
____________________

 

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		11.	Further
                                         Assurances. From time to time on and after the date hereof, the Company and the Underwriter
                                         shall deliver or cause to be delivered to the Escrow Agent such further documents and
                                         instruments and shall do and cause to be done such further acts as the Escrow Agent shall
                                         reasonably request (it being understood that the Escrow Agent shall have no obligation
                                         to make any such request) to carry out more effectively the provisions and purposes of
                                         this Agreement, to evidence compliance herewith or to assure itself that it is protected
                                         in acting hereunder.

 

		12.	Jurisdiction.
                                         The Company, the Underwriter and the Escrow Agent hereby irrevocably consent to the jurisdiction
                                         of the courts of the State of New York and of any Federal court located in New York,
                                         New York in connection with any action, suit or proceedings arising out of or relating
                                         to this Agreement or any action taken or omitted hereunder.

 

		13.	Miscellaneous.

 

a.         Intentionally
Omitted.

 

b.         This
Agreement and the rights and obligations hereunder of the Company and the Underwriter may not be assigned without the consent
of the Escrow Agent, other than by laws of descent or operation of law, provided, however, that this Agreement and the rights
and obligations hereunder of the Escrow Agent may be assigned by the Escrow Agent, with the prior consent of the Underwriter.
This Agreement shall be binding upon and inure to the benefit of each party’s respective successors, heirs and permitted
assigns. No other person shall acquire or have any rights under or by virtue of this Agreement. This Agreement may not be changed
orally or modified, amended or supplemented without an express written agreement executed by the Escrow Agent, the Company and
the Underwriter, which consent shall not be unreasonably withheld. This Agreement is intended to be for the sole benefit of the
parties hereto and their respective successors, heirs and permitted assigns, and none of the provisions of this Agreement are
intended to be, nor shall they be construed to be, for the benefit of any third person.

 

c.         This
Agreement shall be governed by, and construed in accordance with, the internal laws of the State of New York. The representations
and warranties contained in this Agreement shall survive the execution and delivery hereof and any investigations made by any
party. The headings in this Agreement are for purposes of reference only and shall not limit or otherwise affect any of the terms
thereof.

 

		14.	Execution
                                         of Counterparts. This Agreement may be executed in any number of counterparts, by
                                         facsimile or other form of electronic transmission, each of which shall be deemed to
                                         be an original as of those whose signature appears thereon, and all of which shall together
                                         constitute one and the same instrument. This Agreement shall become binding when one
                                         or more of the counterparts hereof, individually or taken together, are signed by all
                                         parties hereto.

 

[THE
REMAINDER OF THE PAGE IS INTENTIONALLY LEFT BLANK]

 

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[SIGNATURE
PAGE TO ESCROW AGREEMENT]

 

IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement on the day and year first above written.

 

ESCROW
AGENT:

AMERICAN
STOCK TRANSFER & TRUST COMPANY, LLC

  

	By:	 	 
	Name:	 	 
	Title:	 	 

 

COMPANY:

YULONG
ECO-MATERIALS LIMITED

 

	By:	 	 
	Name:	 	 
	Title:	 	 

  

UNDERWRITER:

AXIOM CAPITAL MANAGEMENT 

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

    	- 9 -

    	 

    

 

Schedule
A

 

ACCOUNT
NAME:                 TRUST ACCOUNT

 

ACCOUNT
NO.: 

 

ABA ROUTING
NO.:

 

SWIFT
CODE: 

 

BANK:

 

REFERENCE:

 

ATTN:

 

PLEASE
WIRE IN U.S. DOLLARSExhibit 10.1

 

SUNNYSIDE FEDERAL SAVINGS AND LOAN ASSOCIATION
OF IRVINGTON

 

SUNNYSIDE BANCORP, INC.

 

 

 

AMENDMENT NUMBER TWO

TO THE EMPLOYMENT AGREEMENT WITH TIMOTHY
D. SULLIVAN

 

 

 

This Amendment Number
Two (the “Amendment”) to the Employment Agreement (the “Agreement”) entered into between
Sunnyside Federal Savings and Loan Association of Irvington (the “Association”) and Timothy D. Sullivan (the
“Executive”) is made by the Association and the Executive, effective as of June 16, 2015.

 

WHEREAS, the
Agreement was entered effective as of July 15, 2013; and

 

WHEREAS, Sunnyside
Bancorp, Inc. (the “Company”) is a signatory to the Agreement for the purpose of guaranteeing the Association’s
performance under the Agreement; and

 

WHEREAS, upon
the recommendation of the Compensation Committees of the Association and the Company, the Association and the Executive desire
to amend the Agreement to provide for the annual renewal of the term of the Agreement, provided the disinterested members of the
Board of Directors approve the extension of the Agreement prior to the renewal date; and

 

WHEREAS, the
Company agrees to the annual renewal of the term of the Agreement; and

 

WHEREAS,
pursuant to Section 15(a) of the Agreement, the Agreement may be amended by an instrument in writing signed by the parties.

 

NOW, THEREFORE,
this Amendment is hereby adopted as follows:

 

Section 2(a) of the
Agreement is hereby amended and restated in its entirety to provide as follows:

 

“(a)       Three
Year Contract; Annual Renewal. The term of this Agreement will begin as of the Effective Date and shall continue thereafter
for a period of three (3) years. Beginning on the first annual anniversary date of this Agreement, and on each annual anniversary
date thereafter, the term of this Agreement shall be extended for a period of one year in addition to the then-remaining term;
provided that (1) the Association has not given notice to the Executive in writing at least ninety (90) days prior to such
renewal date that the term of this Agreement shall not be extended further; and (2) prior to such renewal date, the disinterested
members of the Board of Directors of the Association (the “Board”) have explicitly reviewed and approved the extension
and the results thereof

 

    	 

    	 

    

  

shall be included in the minutes
of the Board’s meeting. On an annual basis prior to the deadline for the notice period referenced above, the Board shall
conduct a performance review of the Executive for purposes of determining whether to provide notice of non-renewal. Reference herein
to the term of this Agreement shall refer to both such initial term and such extended terms.”

 

[Remainder
of Page Intentionally Left Blank]

 

    	2

    	 

    

 

IN WITNESS WHEREOF,
a duly authorized officer of the Association and the Company has executed this Amendment as of 16th day of June, 2015.

 

	 	SUNNYSIDE FEDERAL SAVINGS AND
	 	LOAN ASSOCIATION OF IRVINGTON
	 	 
	 	By:	/s/ William Boeckelman 
	 	Name: William Boeckelman
	 	Title: Compensation Committee Chairman
	 	 
	 	SUNNYSIDE BANCORP, INC.
	 	 
	 	By:	/s/ William Boeckelman
	 	Name: William Boeckelman
	 	Title: Compensation Committee Chairman
	 	 
	 	EXECUTIVE
	 	 
	 	/s/ Timothy D. Sullivan
	 	Timothy D. Sullivan
	 	President and Chief Executive Officer

 

    	3

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