Document:

Exhibit 10.13

 Exhibit 10.13 
 AMERICAN FEDERAL SAVINGS BANK 
 SALARY CONTINUATION
AGREEMENT 
 This SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted this
15th day of November, 2007, by and between AMERICAN
FEDERAL SAVINGS BANK, a federally chartered savings association located in Helena, Montana (the “Bank”), and CLINTON J. MORRISON (the “Executive”). 
 The purpose of this Agreement is to provide specified benefits to the Executive, a member of a select group of management or highly compensated employees who contribute materially to the continued growth,
development and future business success of the Bank. This Agreement shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended from time to time. 

Article 1 
 Definitions 
 Whenever used in this Agreement, the following words and phrases shall have the meanings
specified: 
  

	1.1	“Account Value” means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be
different than the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement. The Account Value on any date other than the
end of a Plan Year shall be determined by adding the prorated increase attributable for the current Plan Year to the Account Value for the previous Plan Year. 

  

	1.2	“Beneficiary” means each designated person or entity, or the estate of the deceased Executive, entitled to any benefits upon the death of the Executive
pursuant to Article 4. 

  

	1.3	“Beneficiary Designation Form” means the form established from time to time by the Plan Administrator that the Executive completes, signs and returns
to the Plan Administrator to designate one or more Beneficiaries. 

  

	1.4	“Board” means the Board of Directors of the Bank as from time to time constituted. 

  

	1.5	“Change in Control” means a change in the ownership or effective control of the Bank, or in the ownership of a substantial portion of the assets of the
Bank, as such change is defined in Code Section 409A and regulations thereunder. 

  

	1.6	“Code” means the Internal Revenue Code of 1986, as amended, and all regulations and guidance thereunder, including such regulations and guidance as may
be promulgated after the Effective Date. 

	1.7	“Disability” means the Executive: (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or
mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any medically determinable physical or mental impairment which can
be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan
covering employees or directors of the Bank. Medical determination of Disability may be made by either the Social Security Administration or by the provider of disability insurance covering employees or directors of the Bank provided that the
definition of “disability” applied under such insurance program complies with the requirements of the preceding sentence. Upon the request of the Plan Administrator, the Executive must submit proof to the Plan Administrator of the Social
Security Administration’s or the provider’s determination. 

  

	1.8	“Early Involuntary Termination” means a Separation from Service (other than a Termination for Cause) prior to Early Retirement Age due to the
independent exercise of the unilateral authority of the Bank to terminate the Executive’s employment, other than due to the Executive’s implicit or explicit request, where the Executive was willing and able to continue performing services.

  

	1.9	“Early Retirement Age” means the Executive attaining age sixty (60) and completing twenty (20) Years of Service. 

  

	1.10	“Effective Date” means December 1, 2007. 

  

	1.11	“Normal Retirement Age” means the Executive attaining age sixty-five (65) and completing twenty (20) Years of Service.

  

	1.12	“Plan Administrator” means the Board or such committee or person as the Board shall appoint. 

  

	1.13	“Plan Year” means each twelve (12) month period commencing on November 1 and ending on October 31 of each year. The initial Plan Year
shall commence on the Effective Date of this Agreement and end on the following October 31. 

  

	1.14	“Schedule A” means the schedule attached to this Agreement and made a part hereof. Schedule A shall be updated upon a change in any of the benefits
under Articles 2 or 3. 

  

	1.15	 “Separation from Service” means termination of the Executive’s employment with the Bank for reasons other than death. Whether a
Separation from Service has occurred is determined in accordance with the requirements of Code Section 409A based on whether the facts and circumstances indicate that the Bank and Executive reasonably anticipated that no further services would
be performed after a certain date or that the level of bona fide services the Executive would perform after such date (whether as an employee or as an independent contractor) would permanently decrease to no more than twenty percent

  

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(20%) of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding thirty-six (36) month period (or the full
period of services to the Bank if the Executive has been providing services to the Bank less than thirty-six (36) months). 

  

	1.16	“Specified Employee” means an employee who at the time of Separation from Service is a key employee of the Bank, if any stock of the Bank is publicly
traded on an established securities market or otherwise. For purposes of this Agreement, an employee is a key employee if the employee meets the requirements of Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the
regulations thereunder and disregarding section 416(i)(5)) at any time during the twelve (12) month period ending on December 31 (the “identification period”). If the employee is a key employee during an identification period,
the employee is treated as a key employee for purposes of this Agreement during the twelve (12) month period that begins on the first day of April following the close of the identification period. 

  

	1.17	“Termination for Cause” means Separation from Service for: 

  

	 	(a)	Gross negligence or gross neglect of duties to the Bank; 

  

	 	(b)	Conviction of a felony or of a gross misdemeanor involving moral turpitude in connection with the Executive’s employment with the Bank; or

  

	 	(c)	Fraud, disloyalty, dishonesty or willful violation of any law or significant Bank policy committed in connection with the Executive’s employment and resulting in a
material adverse effect on the Bank. 

  

	1.18	“Years of Service” means the twelve (12) consecutive month period beginning on the Executive’s date of hire and any twelve (12) month
anniversary thereof during the entirety of which time the Executive is an employee of the Bank. Service with a subsidiary or other entity controlled by the Bank before the time such entity became a subsidiary or under such control shall not be
considered “credited service.” 

 Article 2 
 Distributions During Lifetime 
  

	2.1	Normal Retirement Benefit. If the executive reaches Normal Retirement Age prior to Separation from Service, the Bank shall distribute to the Executive the
benefit described in this Section 2.1 in lieu of any other benefit under this Article. 

  

	 	2.1.1	Amount of Benefit. The annual benefit under this Section 2.1 is Sixty-Five Thousand Five Hundred Dollars ($65,500). 

  

	 	2.1.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day
of the month following Normal Retirement Age. The annual benefit shall be distributed to the Executive until the Executive’s death. 

  

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	2.2	Early Retirement Benefit. Upon Early Retirement, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other
benefit under this Article. 

  

	 	2.2.1	Amount of Benefit. The annual benefit under this Section 2.2 is the Early Retirement Benefit amount shown on Schedule A. 

  

	 	2.2.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day
of the month following Separation from Service. The annual benefit shall be distributed to the Executive until the Executive’s death. 

  

	2.3	Early Involuntary Termination Benefit. If Early Involuntary Termination occurs, the Bank shall distribute to the Executive the benefit described in this
Section 2.3 in lieu of any other benefit under this Article. 

  

	 	2.3.1	Amount of Benefit. The annual benefit under this Section 2.3 is the Early Involuntary Termination Benefit amount shown on Schedule A.

  

	 	2.3.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day
of the month following Separation from Service. The annual benefit shall be distributed to the Executive until the Executive’s death. 

  

	2.4	Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Early Retirement Age, the Bank shall distribute
to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Article. 

  

	 	2.4.1	Amount of Benefit. The annual benefit under this Section 2.4 is the Disability Benefit amount shown on Schedule A. 

  

	 	2.4.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day
of the month following Separation from Service. The annual benefit shall be distributed to the Executive until the Executive’s death. 

  

	2.5	Restriction on Commencement of Distributions. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a Specified
Employee, the provisions of this Section 2.5 shall govern all distributions hereunder. If benefit distributions which would otherwise be made to the Executive due to Separation from Service are limited because the Executive is a Specified
Employee, then such distributions shall not be made during the first six (6) months following Separation from Service. Rather, any distribution which would otherwise be paid to the Executive during such period shall be accumulated and paid to
the Executive in a lump sum on the first day of the seventh month following Separation from Service. All subsequent distributions shall be paid in the manner specified. 

  

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	2.6	Distributions Upon Taxation of Amounts Deferred. If, pursuant to Code Section 409A, the Federal Insurance Contributions Act or other state, local or foreign
tax, the Executive becomes subject to tax on the amounts deferred hereunder, then the Bank may make a limited distribution to the Executive in a manner that conforms to the requirements of Code section 409A. Any such distribution will decrease the
Executive’s benefits distributable under this Agreement. 

  

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

  

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

  

	 	(b)	must, for benefits distributable under Section 2.1, be made at least twelve (12) months prior to the first scheduled distribution; 

 

	 	(c)	must, for benefits distributable under Sections 2.1, 2.2, 2.3 and 2.4, delay the commencement of distributions for a minimum of five (5) years from the date the
first distribution was originally scheduled to be made; and 

  

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

 Article 3 
 Distribution at Death 
  

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

  

	 	3.1.1	Amount of Benefit. The annual benefit under this Section 3.1 is Sixty-Five Thousand Five Hundred Dollars ($65,500). 

  

	 	3.1.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Beneficiary in twelve (12) equal monthly installments for fifteen
(15) years commencing on the first day of the fourth month following the Executive’s death. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate. 

  

	3.2	Death During Distribution of a Benefit. If the Executive dies after any benefit distributions and the Executive has received less than one hundred eighty
(180) monthly benefit installments, the Beneficiary shall continue to receive the same amounts the Executive would have received at the same times until the sum of the number of installments to the Beneficiary and Executive totals one hundred
eighty (180). 

  

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	3.3	Death Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement but dies prior to the date that
commencement of said benefit distributions are scheduled to be made under this Agreement, the Bank shall distribute to the Beneficiary the same benefits to which the Executive was entitled prior to death, except that the benefit distributions shall
be paid in the manner specified in Section 3.1.2 and shall commence on the first day of the fourth month following the Executive’s death. 

 Article 4 
 Beneficiaries 
  

	4.1	In General. The Executive shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions under this Agreement upon the death
of the Executive. The Beneficiary designated under this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Executive participates. 

  

	4.2	Designation. The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator
or its designated agent. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Plan Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by
the Plan Administrator, executed by the Executive’s spouse and returned to the Plan Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the
Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the
Plan Administrator’s rules and procedures. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely
on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator prior to the Executive’s death. 

  

	4.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received, accepted and acknowledged in writing by the Plan
Administrator or its designated agent. 

  

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

  

	4.5	 Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person
declared incompetent or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or Person

  

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having the care or custody of such minor, incompetent person or incapable person. The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate
prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Executive and the Beneficiary, as the case may be, and shall completely discharge any liability under this Agreement for such
distribution amount. 

 Article 5 
 General Limitations 
  

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

  

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

  

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

 Article 6 
 Administration of Agreement 
  

	6.1	Plan Administrator Duties. The Plan Administrator shall administer this Agreement according to its express terms and shall also have the discretion and authority
to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of this Agreement and (ii) decide or resolve any and all questions, including interpretations of this Agreement, as may arise in
connection with this Agreement to the extent the exercise of such discretion and authority does not conflict with Code Section 409A. 

  

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

  

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

  

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

  

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

  

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

 Article 7 
 Claims And Review Procedures 
  

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

  

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

  

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

  

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

  

	 	(a)	The specific reasons for the denial; 

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

	 	(a)	The specific reasons for the denial; 

  

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

  

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

  

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

 Article 8 
 Amendments and Termination

  

	8.1	Amendments. The Bank may unilaterally amend this Agreement to conform with written directives to the Bank from its auditors or banking regulators or to comply
with legislative changes or tax law, including without limitation Code Section 409A. 

  

	8.2	Plan Termination Generally. The Bank may unilaterally terminate this Agreement at any time. The benefit shall be the Account Value as of the date this Agreement
is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution
event permitted under Article 2 or Article 3. 

  

	8.3	Plan Terminations Under Code Section 409A. Notwithstanding anything to the contrary in Section 8.2, if the Bank terminates this Agreement in the
following circumstances: 

  

	 	(a)	Within thirty (30) days before or twelve (12) months after a Change in Control, provided that all distributions are made no later than twelve (12) months
following such termination of this Agreement and further provided that all the Bank’s arrangements which are substantially similar to this Agreement are terminated so the Executive and all participants in the similar arrangements are required
to receive all amounts of compensation deferred under the terminated arrangements within twelve (12) months of such termination; 

  

	 	(b)	Upon the Bank’s dissolution or with the approval of a bankruptcy court provided that the amounts deferred under this Agreement are included in the Executive’s
gross income in the latest of (i) the calendar year in which this Agreement terminates; (ii) the calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the
distribution is administratively practical; or 

  

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	 	(c)	Upon the Bank’s termination of this and all other arrangements that would be aggregated with this Agreement pursuant to Treasury Regulations
Section 1.409A-l(c) if the Executive participated in such arrangements (“Similar Arrangements”), provided that (i) the termination and liquidation does not occur proximate to a downturn in the financial health of the Bank,
(ii) all termination distributions are made no earlier than twelve (12) months and no later than twenty-four (24) months following such termination, and (iii) the Bank does not adopt any new arrangement that would be a Similar
Arrangement for a minimum of three (3) years following the date the Bank takes all necessary action to irrevocably terminate and liquidate the Agreement; 

 the Bank may distribute the Account Value, determined as of the date of the termination of this Agreement, to the Executive in a lump sum
subject to the above terms. 
 Article 9 
 Miscellaneous 
  

	9.1	Binding Effect. This Agreement shall bind the Executive and the Bank and their beneficiaries, survivors, executors, administrators and transferees.

  

	9.2	No Guarantee of Employment. This Agreement is not a contract for employment. It does not give the Executive the right to remain as an employee of the Bank nor
interfere with the Bank’s right to discharge the Executive. It does not require the Executive to remain an employee nor interfere with the Executive’s right to terminate employment at any time. 

  

	9.3	Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner.

  

	9.4	Tax Withholding and Reporting. The Bank shall withhold any taxes that are required to be withheld, including but not limited to taxes owed under Code
Section 409A from the benefits provided under this Agreement. The Executive acknowledges that the Bank’s sole liability regarding taxes is to forward any amounts withheld to the appropriate taxing authorities. The Bank shall satisfy all
applicable reporting requirements, including those under Code Section 409A. 

  

	9.5	Applicable Law. This Agreement and all rights hereunder shall be governed by the laws of the State of Montana, except to the extent preempted by the laws of the
United States of America. 

  

	9.6	 Unfunded Arrangement. The Executive and the Beneficiary are general unsecured creditors of the Bank for the distribution of benefits under this
Agreement. The benefits represent the mere promise by the Bank to distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment
by creditors. Any insurance on the

  

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Executive’s life or other informal funding asset is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim. 

  

	9.7	Reorganization. The Bank shall not merge or consolidate into or with another bank, or reorganize, or sell substantially all of its assets to another bank, firm
or person unless such succeeding or continuing bank, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such an event, the term “Bank” as used in this Agreement shall be
deemed to refer to the successor or survivor entity. 

  

	9.8	Entire Agreement. This Agreement constitutes the entire agreement between the Bank and the Executive as to the subject matter hereof. No rights are granted to
the Executive by virtue of this Agreement other than those specifically set forth herein. 

  

	9.9	Interpretation. Wherever the fulfillment of the intent and purpose of this Agreement requires and the context will permit, the use of the masculine gender
includes the feminine and use of the singular includes the plural. 

  

	9.10	Alternative Action. In the event it shall become impossible for the Bank or the Plan Administrator to perform any act required by this Agreement due to
regulatory or other constraints, the Bank or Plan Administrator may perform such alternative act as most nearly carries out the intent and purpose of this Agreement and is in the best interests of the Bank, provided that such alternative act does
not violate Code Section 409A. 

  

	9.11	Headings. Article and section headings are for convenient reference only and shall not control or affect the meaning or construction of any provision herein.

  

	9.12	Validity. If any provision of this Agreement shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts
hereof, but this Agreement shall be construed and enforced as if such illegal or invalid provision had never been included herein. 

  

	9.13	Notice. Any notice or filing required or permitted to be given to the Bank or Plan Administrator under this Agreement shall be sufficient if in writing and
hand-delivered or sent by registered or certified mail to the address below: 

 American Federal Savings Bank

 P.O. Box 4999 [ILLEGIBLE] Prospect Ave. 
 Helena, MT 59604 
 Such notice shall be deemed given as of the date of delivery
or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. 
 Any
notice or filing required or permitted to be given to the Executive under this Agreement shall be sufficient if in writing and hand-delivered or sent by mail to the last known address of the Executive. 
  

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	9.14	Deduction Limitation on Benefit Payments. If the Bank reasonably anticipates that the Bank’s deduction with respect to any distribution under this Agreement
would be limited or eliminated by application of Code Section 162(m), then to the extent deemed necessary by the Bank to ensure that the entire amount of any distribution from this Agreement is deductible, the Bank may delay payment of any
amount that would otherwise be distributed under this Agreement. The delayed amounts shall be distributed to the Executive (or the Beneficiary in the event of the Executive’s death) at the earliest date the Bank reasonably anticipates that the
deduction of the payment of the amount will not be limited or eliminated by application of Code Section 162(m). 

  

	9.15	Compliance with Section 409A. This Agreement shall be interpreted and administered consistent with Code Section 409A. 

 IN WITNESS WHEREOF, the Executive and a duly authorized representative of the Bank have signed this Agreement. 
  

					
	EXECUTIVE	  	BANK
			
	 

	  	By:	 	 

	Clinton J. Morrison	  	Title:	 	President / CEO

  

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 Schedule A - Clinton J. Morrison 
  

													
		 	Created on:	 	 December 5, 2007
	 		  	Revised on:	 	  
	 	

  

																				
	 Period Ending
	 	Age	 	Life
Expectancy	 	Discount
Rate	 	 	Schedule A
Accrual Balance	 	Payout Length
in Months	 	Early Retirement
Benefit
Annual Benefit	 	Disability
Benefit
Annual Benefit	 	Termination at Request
of Company
Annual Benefit	 	Death During
Active Service
Annual Benefit*
	 (1)
	 	(2)	 	(3)	 	(4)	 	 	(5)	 	(6)	 	(7)	 	(8)	 	(9)	 	(10)
	 October 3l, 2008
	 	38	 	79	 	6.00	% 	 	9,401	 	495	 	0	 	613	 	613	 	65,500
	 October 3l, 2009
	 	39	 	79	 	6.00	% 	 	20,262	 	483	 	0	 	1,329	 	1,329	 	65,500
	 October 3l, 2010
	 	40	 	79	 	6.00	% 	 	31,793	 	471	 	0	 	2,098	 	2,098	 	65,500
	 October 3l, 2011
	 	41	 	79	 	6.00	% 	 	44,036	 	459	 	0	 	2,925	 	2,925	 	65,500
	 October 3l, 2012
	 	42	 	79	 	6.00	% 	 	57,033	 	447	 	0	 	3,815	 	3,815	 	65,500
	 October 31, 2013
	 	43	 	80	 	6.00	% 	 	70,832	 	447	 	0	 	4,739	 	4,739	 	65,500
	 October 31, 2014
	 	44	 	80	 	6.00	% 	 	85,483	 	435	 	0	 	5,762	 	5,762	 	65,500
	 October 31, 2015
	 	45	 	80	 	6.00	% 	 	101,036	 	423	 	0	 	6,864	 	6,864	 	65,500
	 October 31, 2016
	 	46	 	80	 	6.00	% 	 	117,550	 	411	 	0	 	8,055	 	8,055	 	65,500
	 October 3l, 2017
	 	47	 	80	 	6.00	% 	 	135,081	 	399	 	0	 	9,341	 	9,341	 	65,500
	 October 31, 2018
	 	48	 	80	 	6.00	% 	 	153,694	 	387	 	0	 	10,733	 	10,733	 	65,500
	 October 3l, 2019
	 	49	 	80	 	6.00	% 	 	173,455	 	375	 	0	 	12,242	 	12,242	 	65,500
	 October 31, 2020
	 	50	 	80	 	6.00	% 	 	194,435	 	363	 	0	 	13,878	 	13,878	 	65,500
	 October 3l, 2021
	 	51	 	80	 	6.00	% 	 	216,709	 	351	 	0	 	15,657	 	15,657	 	65,500
	 October 3l, 2022
	 	52	 	80	 	6.00	% 	 	240,356	 	339	 	0	 	17,593	 	17,593	 	65,500
	 October 31, 2023
	 	53	 	80	 	6.00	% 	 	265,462	 	327	 	0	 	19,706	 	19,706	 	65,500
	 October 3l, 2024
	 	54	 	81	 	6.00	% 	 	292,117	 	327	 	0	 	21,685	 	21,685	 	65,500
	 October 3l, 2025
	 	55	 	81	 	6.00	% 	 	320,415	 	315	 	0	 	24,148	 	24,148	 	65,500
	 October 3l, 2026
	 	56	 	81	 	6.00	% 	 	350,459	 	303	 	0	 	26,846	 	26,846	 	65,500
	 October 31, 2027
	 	57	 	81	 	6.00	% 	 	382,356	 	291	 	0	 	29,810	 	29,810	 	65,500
	 October 3l, 2028
	 	58	 	81	 	6.00	% 	 	416,221	 	279	 	0	 	33,074	 	33,074	 	65,500
	 October 31, 2029
	 	59	 	81	 	6.00	% 	 	452,174	 	267	 	0	 	36,680	 	36,680	 	65,500
	 October 31, 2030
	 	60	 	81	 	6.00	% 	 	490,344	 	255	 	40,677	 	40,677	 	40,677	 	65,500
	 October 31, 2031
	 	61	 	81	 	6.00	% 	 	530,869	 	243	 	45,123	 	45,123	 	45,123	 	65,500
	 October 3l, 2032
	 	62	 	82	 	6.00	% 	 	573,893	 	243	 	48,780	 	48,780	 	48,780	 	65,500
	 October 31, 2033
	 	63	 	82	 	6.00	% 	 	619,571	 	231	 	54,075	 	54,075	 	54,075	 	65,500
	 October 3l, 2034
	 	64	 	82	 	6.00	% 	 	668,066	 	219	 	60,018	 	60,018	 	60,018	 	65,500
	 July 31, 2035
	 	65	 	82	 	6.00	% 	 	706,391	 	207	 	65,500	 	65,500	 	65,500	 	65,500

  

	*	All monthly payments are guaranteed for 180 months should the participant die during payout.Exhibit 10.14

 Exhibit 10.14 
 AMERICAN FEDERAL SAVINGS BANK 
 SALARY CONTINUATION
AGREEMENT 
 (AMENDED BY BOARD OF DIRECTORS RESOLUTION 4/18/02) 
 THIS AGREEMENT is made this 18th day of April, 2002, by and between AMERICAN FEDERAL SAVINGS BANK (the “Company”), and Michael C. Mundt (the
“Executive”). 
 INTRODUCTION 
 To encourage the Executive to remain an employee of the Company, the Company is willing to provide salary continuation benefits to the Executive. The Company will pay the benefits from its general assets.

 AGREEMENT 
 The Executive and the Company agree as follows: 
 Article 1 
 Definitions 
  

	 	1.1	Definitions. Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 

  

	 	1.1.1	“Code” means the Internal Revenue Code of 1986, as amended. References to a Code section shall be deemed to be to that section as it now exists and to
any successor provision. 

 1.1.2 “Disability” means, if the Executive is covered by
a Company-sponsored disability insurance policy, total disability as defined in such policy without regard to any waiting period. If the Executive is not covered by such a policy, Disability means the Executive suffering a sickness, accident or
injury which, in the judgment of a physician satisfactory to the Company, prevents the Executive from performing substantially all of the Executive’s normal duties for the Company. As a condition to any benefits, the Company may require the
Executive to submit to such physical or mental evaluations and tests as the Company’s Board of Directors deems appropriate. 
  

	 	1.1.3	“Early Retirement Date” means the Executive attaining age sixty (60) and completing twenty (20) years of service. 

 

	 	1.1.4	“Normal Retirement Date” means the Executive attaining age sixty-five (65) and completing twenty (20) years of service.

  

	 	1.1.5	“Termination of Employment” means the Executive’s ceasing to be employed by the Company for any reason whatsoever, voluntary or involuntary, other
than by reason of an approved leave of absence. 

  

	 	1.1.6	“Years of Service” means the total number of twelve-(12) month periods during which the Executive is employed on a full-time basis by the Company,
inclusive of any approved leaves of absence. 

  

 2 

 Article 2 
 Lifetime Benefits 
  

	 	2.1	Normal Retirement Benefit. If the Executive terminates employment on or after the Normal Retirement Date for reasons other than death, the Company shall pay to
the Executive the benefit described in this Section 2.1. 

  

	 	2.1.1	Amount of Benefit. The benefit under this Section 2.1 is the benefit described in Schedule A (Column G). 

  

	 	2.1.2	 Payment of Benefit. The Company shall pay one-twelfth (1/12th) of the annual benefit to the Executive on the first (1st) day of each month commencing with the month following the Retirement Date and continuing until the
Executive’s death. 

  

	 	2.2	Early Retirement Benefit. If the Executive terminates employment after the Early Retirement Date but before the Normal Retirement Date, and for reasons other
than Death or Disability, the Company shall pay to the Executive the benefit described in this Section 2.2. 

  

	 	2.2.1	Amount of Benefit. The benefit under this Section 2.2 is the benefit determined under Schedule A based on the date of the Executive’s Termination of
Employment. The Executive may elect either to receive benefits immediately (Column E) or to wait until age sixty-five (65) (Column G). 

  

	 	2.2.2	 Payment of Benefit. The Company shall pay one-twelfth (1/12th) of the annual benefit to the Executive on the first (1st) day of each month commencing with the month following the Executive’s Early Retirement Date
(or the month following age sixty-five (65) as the Executive may elect) and continuing until the Executive’s death. 

  

 3 

	 	2.3	Disability Benefit. If the Executive terminates employment for Disability prior to the Normal Retirement Date, the Company shall pay to the Executive the benefit
described in this Section 2.3. 

  

	 	2.3.1	Amount of Benefit. The benefit under this Section 2.3 is the benefit determined under Schedule A based on the date of the Executive’s Termination of
Employment. 

  

	 	2.3.2	 Payment of Benefit. The Company shall pay one-twelfth (1/12th) of the annual benefit to the Executive on the first (1st) day of each month commencing with the month following the determination of Disability and
continuing until the Executive’s death. 

  

	 	2.3.3	Lump Sum Option. The Company shall have the option of paying the benefit in a lump sum (Column D). 

  

	 	2.4	Termination at Request of Company. If the Company terminates the Executive’s employment for any reason, except for the reasons set forth in
Section 5.2, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement. 

  

	 	2.4.1	Amount of Benefit. The benefit under this Section 2.4 is the benefit determined under Schedule A based on the date of the Executive’s Termination of
Employment. 

  

	 	2.4.2	 Payment of Benefit. The Company shall pay one-twelfth (1/12th) of the annual benefit to the Executive on the first (1st) day of each month commencing with the month following the date of Termination of Employment and
continuing until the Executive’s death. 

  

 4 

	 	2.4.3	Lump Sum Option. The Company shall have the option of paying the benefit in a lump sum (Column D). 

 Article 3 
 Death
Benefits 
  

	 	3.1	Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive’s beneficiary the
benefit described in this Section 3.1. 

  

	 	3.1.1.	Amount of Benefit. The benefit under Section 3.1 is the benefit that would have been paid to the Executive under Section 2.1 calculated as if the date
of the Executive’s death were the Normal Retirement Date. 

  

	 	3.1.2.	 Payment of Benefit. The Company shall pay one-twelfth (1/12th) of the annual benefit to the Beneficiary on the first (1st) day of each month commencing with the month following the Executive’s death and continuing
for one hundred eighty (180) total months. 

  

	 	3.1.3.	Lump Sum Option. The Company shall have the option of paying the benefit in a lump sum payment equal to the present value of the one hundred eight
(180) payments using a discount factor of eight percent (8%). 

  

	 	3.2	Death During Benefit Period. If the Executive dies after benefit payments have commenced under this Agreement but before receiving benefits for one hundred
eighty (180) months, the Company shall pay the remaining benefits to the Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive until the expiration of one hundred eighty
(180) months from the time payments commenced. 

  

 5 

 Article 4 
 Beneficiaries 
  

	 	4.1	Beneficiary Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the
designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and accepted by the Company during the Executive’s lifetime. The Executive’s beneficiary designation shall be
deemed automatically revoked if the beneficiary predeceases the Executive, or if the Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments
shall be made to the Executive’s surviving spouse, if any and if none, to the Executive’s surviving children and the descendants of any deceased child by right of representation, and if no children or descendants survive, to the
Executive’s estate. 

  

	 	4.2	Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her
property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetency, minority or guardianship as
it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit. 

  

 6 

 Article 5 
 General Limitations 
 Notwithstanding any provision of this Agreement to the
contrary, the Company shall not pay any benefit under this Agreement: 
  

	 	5.1	Excess Parachute Payment. To the extent the benefit would be an excess parachute payment under Section 280G of the Code. 

  

	 	5.2	Termination for Cause. If the Company terminates the Executive’s employment for: 

  

	 	5.2.1	Gross negligence or gross neglect of duties; 

  

	 	5.2.2	Commission of a felony or of a gross misdemeanor involving moral turpitude; or 

  

	 	5.2.3	Fraud, disloyalty, dishonesty or willful violation of any law or significant Company policy committed in connection with the Executive’s employment and resulting
in an adverse effect on the Company. 

  

	 	5.3	Suicide. No benefits shall be payable if the Executive commits suicide within two (2) years after the date of this Agreement, or if the Executive has made
any material misstatement of fact on any application for life insurance purchased by the Company. 

  

	 	5.4	Vesting. Benefits are not vested prior to twenty (20) years of continuous service. 

  

 7 

	 	5.5	Payment of Benefits. With the exception for death, disability (Section 1.1.2), early retirement (Section 1.1.3), or terminations at request of Company (Section
2.4), payment of benefits will not be made until the participant attains age sixty-five (65). 

 Article 6

 Claims and Review Procedures 
  

	 	6.1	Claims Procedure. The Company shall notify the Executive’s beneficiary in writing, within ninety (90) days of his or her written application for
benefits, of his or her eligibility or noneligibility for benefits under the Agreement. If the Company determines that the beneficiary is not eligible for benefits or full benefits, the notice shall set forth (1) the specific reasons for such
denial, (2) a specific reference to the provisions of the Agreement on which the denial is based, (3) a description of any additional information or material necessary for the claimant to perfect his or her claim, and a description of why
it is needed, and (4) an explanation of the Agreement’s claims review procedure and other appropriate information as to the steps to be taken if the beneficiary wishes to have the claim reviewed. If the Company determines that there are
special circumstances requiring additional time to make a decision, the Company shall notify the beneficiary of the special circumstances and the date by which a decision is expected to be made, and may extend the time for up to an additional ninety
- (90) day period. 

  

 8 

	 	6.2	Review Procedure. If the beneficiary is determined by the Company not to be eligible for benefits, or if the beneficiary believes that he or she is entitled to
greater or different benefits, the beneficiary shall have the opportunity to have such claim reviewed by the Company by filing a petition for review with the Company within sixty (60) days after receipt of the notice issued by the Company. Said
petition shall state the specific reasons which the beneficiary believes entitle him or her to benefits or to greater or different benefits. Within sixty (60) days after receipt by the Company of the petition, the Company shall afford the
beneficiary (and counsel, if any) an opportunity to present his or her position to the Company orally or in writing, and the beneficiary (or counsel) shall have the right to review the pertinent documents. The Company shall notify the beneficiary of
its decision in writing within the sixty-(60) day period, stating specifically the basis of its decision, written in a manner calculated to be understood by the beneficiary and the specific provisions of the Agreement on which the decision is
based. If, because of the need for a hearing, the sixty-(60) day period is not sufficient, the decision may be deferred for up to another sixty-(60) day period at the election of the Company, but notice of this deferral shall be given to
the beneficiary. 

 Article 7 
 Amendments and Termination 
 The Company may amend or terminate this Agreement at any time if,
pursuant to legislative, judicial or regulatory action, continuation of the Agreement would (i) cause benefits to be taxable to the Executive prior to actual receipt, or (ii) result in significant financial penalties or other significantly
detrimental ramifications to the Company (other than the financial impact of paying the benefits). In the event of any such amendment or termination, the Executive shall be one hundred percent (100%) vested in the portion of the Normal
Retirement Benefit accrued to the Executive’s benefit under Section 2.1 as of the date of the amendment or termination. 
  

 9 

 Article 8 
 Miscellaneous 
  

	 	8.1	Binding Effect. This Agreement shall bind the Executive and the Company, and their beneficiaries, survivors, executors, administrators and transferees.

  

	 	8.2	No guaranty of Employment. This Agreement is not an employment policy or contract. It does not give the Executive the right to remain an employee of the Company,
nor does it interfere with the Company’s right to discharge the Executive. It also does not require the Executive to remain an employee nor interfere with the Executive’s right to terminate employment at any time. 

 

	 	8.3	Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner.

  

	 	8.4	Tax Withholding. The Company may withhold any taxes that are required to be withheld from the benefits provided under this Agreement. 

 

	 	8.5	Applicable Law. The Agreement and all rights hereunder shall be governed by the laws of Montana, except to the extent preempted by the laws of the United States
of America. 

  

	 	8.6	Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits
represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance
on the Executive’s life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim. 

  

 10 

 IN WITNESS WHEREOF, the Executive and a duly authorized Company officer have signed this Agreement.

  

									
	COMPANY:	 		 	AMERICAN FEDERAL SAVINGS BANK
					
		 		 		 	By	 	

		 		 		 	Title:	 	President & CEO
			
	EXECUTIVE:	 		 	

		 		 		 	Title:	 	S.V.P. - Lending
		 		 		 	Date:	 	June 11, 2002

  

 11 

 SCHEDULE A 
 MANAGEMENT SUPPLEMENTAL RETIREMENT 
 SALARY
CONTINUATION PLAN 
  

			
	PARTICIPANT:	  	M. MUNDT
	BEGINNING AGE:	  	39
	RETIREMENT AGE:	  	65
	LENGTH OF BENEFIT:	  	 Life with 15 Yr. Minimum
 (18 yrs. expected retirement)

	BENEFIT AMOUNT:	  	$25,000

 PRE-RETIREMENT BENEFIT
ACCRUAL / VESTING SCHEDULE 
  

													
	A	  	B	  	C	  	D	  	E	  	F	  	G
	 END OF
PLAN
YEAR
	  	VESTING
PERCENTAGE	  	CURRENT
YEAR
ACCRUAL	  	IMMEDIATE
LUMP SUM
BENEFIT	  	IMMEDIATE
ANNUAL
BENEFIT	  	LUMP SUM
BENEFIT
AGE 65	  	ANNUAL
BENEFIT
AGE 65
	  1	  	0	  	2,528	  	0	  	0	  	0	  	0
	  2	  	0	  	2,751	  	0	  	0	  	0	  	0
	  3	  	0	  	2,995	  	0	  	0	  	0	  	0
	  4	  	0	  	3,269	  	0	  	0	  	0	  	0
	  5	  	0	  	3,547	  	0	  	0	  	0	  	0
	  6	  	0	  	3,661	  	0	  	0	  	0	  	0
	  7	  	0	  	4,202	  	0	  	0	  	0	  	0
	  8	  	0	  	4,574	  	0	  	0	  	0	  	0
	  9	  	0	  	4,978	  	0	  	0	  	0	  	0
	10	  	0	  	5,418	  	0	  	0	  	0	  	0
	11	  	0	  	5,897	  	0	  	0	  	0	  	0
	12	  	0	  	6,418	  	0	  	0	  	0	  	0
	13	  	0	  	6,985	  	0	  	0	  	0	  	0
	14	  	0	  	7,603	  	0	  	0	  	0	  	0
	15	  	100	  	8,275	  	73,292	  	7,964	  	186,076	  	20,218
	16	  	100	  	9,006	  	82,298	  	8,942	  	191,973	  	20,859
	17	  	100	  	9,802	  	92,101	  	10,007	  	197,391	  	21,447
	18	  	100	  	10,669	  	102,769	  	11,166	  	202,369	  	21,988
	19	  	100	  	11,612	  	114,381	  	12,428	  	206,942	  	22,485
	20	  	100	  	12,636	  	127,019	  	13,801	  	211,145	  	22,942
	21	  	100	  	13,765	  	140,775	  	15,296	  	215,005	  	23,361
	22	  	100	  	14,971	  	155,746	  	16,923	  	218,553	  	23,747
	23	  	100	  	16,295	  	172,041	  	18,693	  	221,812	  	24,101
	24	  	100	  	17,735	  	189,775	  	20,620	  	224,807	  	24,426
	25	  	100	  	19,302	  	209,078	  	22,717	  	227,558	  	24,725
	26	  	100	  	21,009	  	230,086	  	25,000	  	230,086	  	25,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]