Document:

EXHIBIT 4.1

                   SPECTRUM SCIENCE & SOFTWARE HOLDINGS CORP.
                   ------------------------------------------

                      2004 NON-STATUTORY STOCK OPTION PLAN

                              ADOPTED MARCH 11, 2004

     1.     PURPOSE  OF  THE  PLAN.  The  Spectrum  Science  & Software Holdings
            ----------------------
Corp.,  2004 Non-Statutory Stock Option Plan (the "Plan") is intended to advance
the  interests  of Spectrum Science & Software Holdings Corp. (the "Company") by
inducing  individuals,  and  eligible  entities  (as  hereinafter  provided)  of
outstanding ability and potential to join, remain with, or provide consulting or
advisory  services  to,  the  Company,  by  encouraging  and  enabling  eligible
employees,  non-employee  Directors,  consultants  and  advisors  to  acquire
proprietary  interests  in  the  Company,  and  by  providing  the participating
employees,  non-employee  Directors, consultants and advisors with an additional
incentive  to  promote  the  success  of  the  Company.  This is accomplished by
providing  for  the  granting  of Non-Statutory Stock Options (the "Options") to
employees,  non-employee  Directors,  consultants  and  advisors.

     2.     ADMINISTRATION.  The  Plan  shall  be  administered  by the Board of
            --------------
Directors  of  the  Company  (the  "Board  of Directors") or by a committee (the
"Committee")  chosen  by  the Board of Directors.  Except as herein specifically
provided,  the  interpretation and construction by the Board of Directors or the
Committee  of  any provision of the Plan or of any Option granted under it shall
be final and conclusive.  The receipt of Options by Directors, or any members of
the  Committee,  shall not preclude their vote on any matters in connection with
the  administration  or  interpretation  of  the  Plan.

     3.     SHARES  SUBJECT  TO  THE PLAN.  The stock subject to Options granted
            -----------------------------
under  the  Plan shall be shares of the Company's Common Stock, par value $.0001
per  share  (the "Common Stock"), whether authorized but unissued or held in the
Company's  treasury.  The  maximum number of shares of Common Stock which may be
issued  pursuant  to  Options  granted  under  the  Plan shall not exceed in the
aggregate  ten  million (10,000,000) shares, subject to adjustment in accordance
with  the provisions of Section 11 hereof.  The Company shall at all times while
the  Plan  is  in force reserve such number of shares of Common Stock as will be
sufficient  to satisfy the requirements of all outstanding Options granted under
the  Plan.  In  the  event  any  Option  granted  under the Plan shall expire or
terminate  for  any  reason without having been exercised in full or shall cease
for  any  reason  to be exercisable in whole or in part, the un-purchased shares
subject  thereto  shall  again  be  available  for  Options  under  the  Plan.

     4.     PARTICIPATION.  The  class  of  individual  or  entity that shall be
            -------------
eligible  to  receive  Options  under the Plan shall be all employees (including
officers)  and non-employee Directors of, or consultants and advisors to, either
the  Company  or  any  subsidiary corporation of the Company; provided, however,
that  Options  shall  not be granted to any such consultants and advisors unless
(i)  bona  fide  services  have been or are to be rendered by such consultant or
     ----  ----
advisor  and  (ii) such services are not in connection with the offer or sale of
securities  in  a  capital  raising  transaction.  The Board of Directors or the
Committee,  in  its  sole discretion, but subject to the provisions of the Plan,
shall determine the employees and non-employee Directors of, and the consultants
and  advisors  to,  the  Company and its subsidiary corporations to whom Options
shall  be granted, and the number of shares to be covered by each Option, taking
into  account  the  nature  of  the  employment  or  services  rendered  by  the
individuals  or  entities  being  considered,  their  annual compensation, their
present  and  potential  contributions  to  the success of the Company, and such
other  factors  as  the  Board  of Directors or the Committee may deem relevant.

     5.     STOCK OPTION AGREEMENT.  Each Option granted under the Plan shall be
            ----------------------
authorized by the Board of Directors or the Committee, and shall be evidenced by
a  Stock  Option  Agreement  which  shall  be executed by the Company and by the
individual or entity to whom such Option is granted.  The Stock Option Agreement

<PAGE>

shall  specify  the  number  of shares of Common Stock as to which any Option is
granted, the period during which the Option is exercisable, the option price per
share  thereof,  and  such other terms and provisions not inconsistent with this
Plan.

     6.     GRANT OF NON-STATUTORY STOCK OPTIONS.  The Options granted under the
            ------------------------------------
Plan  are  not  intended to meet the requirements of Section 422 of the Internal
Revenue  Code of 1986, as amended (the "Code").  The Options shall be subject to
the  following  terms  and  conditions:

     (1)       An  Option may be granted to any individual or entity eligible to
receive  an  Option  under  the  Plan  pursuant  to  Section  4  hereof.

     (2)      The  option  price  of  the  shares  of Common Stock subject to an
Option  shall  be  determined by the Board of Directors or the Committee, in its
sole  discretion,  at  the  time  of  the  grant  of  the  Option.

     (3)     An  Option  granted under the Plan may be of such duration as shall
be  determined  by  the  Board of Directors or the Committee (subject to earlier
termination  as  expressly  provided  in  Section  9  hereof).

     7.     RIGHTS  OF  OPTION  HOLDERS.  The holder of any Option granted under
            ---------------------------
the  Plan  shall  have  none  of the rights of a stockholder with respect to the
stock  covered  by  his Option until such stock shall be transferred to him upon
the  exercise  of  his  Option.

     8.     TRANSFERABILITY.  No  Option  granted  under  the  Plan  shall  be
            ---------------
transferable  by  the individual or entity to whom it was granted otherwise than
by  will  or  the  laws of descent and distribution, and, during the lifetime of
such  individual, shall not be exercisable by any other person, but only by him.

     9.     TERMINATION  OF  EMPLOYMENT  OR  DEATH.
            --------------------------------------

     (1)      Subject  to  the  terms  of  the  Stock  Option  Agreement, if the
employment of an employee by, or the services of a non-employee Director for, or
consultant or advisor to, the Company or a subsidiary corporation of the Company
shall  be  terminated  for  cause  or  voluntarily by the employee, non-employee
Director,  consultant or advisor, then his or its Option shall expire forthwith.
Subject  to  the  terms of the Stock Option Agreement, and except as provided in
subsections  (b) and (c) of this Section 9, if such employment or services shall
terminate  for  any  other reason, then such Option may be exercised at any time
within  three  (3)  months  after such termination, subject to the provisions of
subsection (d) of this Section 9. For purposes of the Plan, the retirement of an
individual  either  pursuant  to  a  pension  or  retirement plan adopted by the
Company  or  at  the  normal retirement date prescribed from time to time by the
Company  shall be deemed to be termination of such individual's employment other
than  voluntarily  or  for  cause.  For  purposes  of  this  subsection  (a), an
employee,  non-employee Director, consultant or advisor who leaves the employ or
services  of the Company to become an employee or non-employee Director of, or a
consultant  or  advisor  to,  a  subsidiary  corporation  of  the  Company  or a
corporation  (or  subsidiary or parent corporation of the corporation) which has
assumed  the  Option of the Company as a result of a corporate reorganization or
the  like shall not be considered to have terminated his employment or services.

     (2)       Subject to the terms of the Stock Option Agreement, if the holder
of  an  Option  under the Plan dies (i) while employed by, or while serving as a
non-employee  Director  for  or  a  consultant  or  advisor to, the Company or a
subsidiary corporation of the Company, or (ii) within three (3) months after the
termination of his employment or services other than voluntarily by the employee
or  non-employee Director, consultant or advisor, or for cause, then such Option
may, subject to the provisions of subsection (d) of this Section 9, be exercised
by  the  estate of the employee or non-employee Director, consultant or advisor,
or  by  a  person  who  acquired the right to exercise such Option by bequest or
inheritance or by reason of the death of such employee or non-employee Director,
consultant  or  advisor  at  any  time  within  one  (1)  year after such death.

<PAGE>

     (3)      Subject  to the terms of the Stock Option Agreement, if the holder
of  an  Option under the Plan ceases employment or services because of permanent
and  total disability (within the meaning of Section 22(e)(3) of the Code) while
employed  by,  or  while serving as a non-employee Director for or consultant or
advisor  to,  the  Company or a subsidiary corporation of the Company, then such
Option  may,  subject  to the provisions of subsection (d) of this Section 9, be
exercised  at  any time within one (1) year after his termination of employment,
termination  of  Directorship or termination of consulting or advisory services,
as  the  case  may  be,  due  to  the  disability.

     (4)     An Option may not be exercised pursuant to this Section 9 except to
the  extent  that  the holder was entitled to exercise the Option at the time of
termination  of  employment,  termination  of  Directorship,  termination  of
consulting or advisory services, or death, and in any event may not be exercised
after  the  expiration  of  the  Option.

     (5)       For purposes of this Section 9, the employment relationship of an
employee  of  the  Company or of a subsidiary corporation of the Company will be
treated as continuing intact while he is on military or sick leave or other bona
fide  leave  of absence (such as temporary employment by the Government) if such
leave  does  not exceed ninety (90) days, or, if longer, so long as his right to
reemployment  is  guaranteed  either  by  statute  or  by  contract.

     10.     EXERCISE  OF  OPTIONS.
             ---------------------

     (1)      Unless  otherwise  provided  in  the  Stock  Option Agreement, any
Option  granted  under the Plan shall be exercisable in whole at any time, or in
part  from  time  to  time,  prior  to expiration. The Board of Directors or the
Committee, in its absolute discretion, may provide in any Stock Option Agreement
that  the exercise of any Options granted under the Plan shall be subject (i) to
such  condition or conditions as it may impose, including, but not limited to, a
condition  that  the  holder  thereof  remain  in  the  employ or service of, or
continue  to  provide  consulting  or  advisory  services  to,  the Company or a
subsidiary  corporation  of the Company for such period or periods from the date
of  grant  of  the  Option  as  the  Board of Directors or the Committee, in its
absolute  discretion,  shall  determine;  and (ii) to such limitations as it may
impose.

<PAGE>

     (2)     An Option granted under the Plan shall be exercised by the delivery
by  the  holder thereof to the Company at its principal office (attention of the
Secretary)  of  written notice of the number of shares with respect to which the
Option  is being exercised.  The notice shall be given pursuant to the Notice of
Exercise  form  attached  to  the  Stock Option Agreement.  Such notice shall be
accompanied  by  payment of the full option price of such shares, and payment of
such  option  price  shall  be  made  by  the holder's delivery of (i) his check
payable  to the order of the Company, (ii) previously acquired Common Stock, the
fair  market  value  of which shall be determined as of the date of exercise, if
this  method  of  payment  is otherwise permitted by the Stock Option Agreement,
(iii)  by  "cash-less" exercise, if cash-less exercise is otherwise permitted by
the  Stock  Option  Agreement,  (iv) a notice to convert debt, if the Company is
indebted  to  the  holder, or (v) by the holder's delivery of any combination of
the  foregoing  (i),  (ii),  (iii) and (iv) to the extend permitted by the Stock
Option  Agreement.

     11.     ADJUSTMENT  UPON  CHANGE  IN  CAPITALIZATION.
             --------------------------------------------

     (1)      In  the  event  that  the  outstanding  Common  Stock is hereafter
changed  by  reason  of reorganization, merger, consolidation, recapitalization,
reclassification,  stock  split-up,  combination of shares, reverse split, stock
dividend  or  the  like, an appropriate adjustment shall be made by the Board of
Directors or the Committee in the aggregate number of shares available under the
Plan,  and  in  the  number  of  shares  and  option  price per share subject to
outstanding  Options.  If  the  Company  shall  be reorganized, consolidated, or
merged  with  another  corporation, the holder of an Option shall be entitled to
receive  upon  the  exercise of his Option the same number and kind of shares of
stock  or  the same amount of property, cash or securities as he would have been
entitled  to receive upon the happening of any such corporate event as if he had
been,  immediately  prior  to  such  event,  the  holder of the number of shares
covered  by  his  Option.

     (2)     Any  adjustment in the number of shares shall apply proportionately
to  only  the unexercised portion of the Option granted hereunder.  If fractions
of  a  share  would  result  from  any  such adjustment, the adjustment shall be
revised  to  the  next  lower  whole  number  of  shares.

     12.     FURTHER  CONDITIONS  OF  EXERCISE.
             ---------------------------------

     (1)     Unless prior to the exercise of the Option the shares issuable upon
such  exercise  have been registered with the Securities and Exchange Commission
pursuant  to  the  Act,  the  notice  of  exercise  shall  be  accompanied  by a
representation or agreement of the person or estate exercising the Option to the
Company  to  the  effect  that  such  shares  are  being acquired for investment
purposes  and  not  with  a  view  to  the  distribution thereof, and such other
documentation  as  may  be  required  by  the  Company, unless in the opinion of
counsel  to  the  Company such representation, agreement or documentation is not
necessary  to  comply  with  such  Act.

     (2)     The  Company  shall  not  be  obligated to deliver any Common Stock
until  there  has  been  qualification  under or compliance with such federal or
state  laws,  rules  or  regulations  as  the  Company  may  deem  applicable.

     13.     EFFECTIVENESS  OF THE PLAN.  The Plan shall become operative and in
             --------------------------
effect  on  such date as shall be fixed by the Board of Directors of the Company
in  its  sole  discretion.

     14.     TERMINATION,  MODIFICATION  AND  AMENDMENT.
             ------------------------------------------

     (1)       The  Plan  (but not the Options) shall terminate on a date within
ten  (10)  years  from the date of its adoption by the Board of Directors of the
Company, or sooner as hereinafter provided, and no Option shall be granted after
termination  of  the  Plan.

     (2)       The  Board  of  Directors  may  at  any  time,  on  or before the
termination  date  referred  to  in Section 14(a) hereof, terminate the Plan, or
from  time  to  time make such modifications or amendments to the Plan as it may
deem  advisable;  provided,  however,  that  the  Board  of  Directors shall not
increase  (except as otherwise provided by Section 11 hereof) the maximum number
of  Options  which  may  be  granted  hereunder.

     (3)     No termination, modification, or amendment of the Plan may, without
the  consent  of  the  individual  or  entity to whom any Option shall have been
granted,  adversely  affect  the  rights  conferred  by  such  Option.

     15.     NOT  A CONTRACT OF EMPLOYMENT.  Nothing contained in the Plan or in
             -----------------------------
any  Stock  Option  Agreement executed pursuant hereto shall be deemed to confer
upon  any  individual or entity to whom an Option is or may be granted hereunder
any  right  to  remain  in  the employ or service of the Company or a subsidiary
corporation  of  the  Company  or  any  entitlement to any remuneration or other
benefit  pursuant  to  any  consulting  or  advisory  arrangement.

     16.     USE  OF PROCEEDS.  The proceeds from the sale of shares pursuant to
             ----------------
Options  granted  under  the Plan shall constitute general funds of the Company.

     17.     INDEMNIFICATION OF BOARD OF DIRECTORS OR COMMITTEE.  In addition to
             --------------------------------------------------
such  other rights of indemnification as they may have, the members of the Board
of  Directors  or the Committee, as the case may be, shall be indemnified by the
Company  to  the  extent  permitted  under  applicable law against all costs and
expenses  reasonably  incurred  by  them in connection with any action, suit, or
proceeding  to  which they or any of them may be a party by reason of any action
taken  or  failure  to  act  under  or in connection with the Plan or any rights
granted thereunder and against all amounts paid by them in settlement thereof or
paid  by  them  in  satisfaction  of  a  judgment  of  any  such action, suit or
proceeding,  except  a  judgment  based  upon  a finding of bad faith.  Upon the
institution  of  any  such action, suit, or proceeding, the member or members of
the  Board  of  Directors or the Committee, as the case may be, shall notify the

<PAGE>

Company  in writing, giving the Company an opportunity at its own cost to defend
the  same  before  such member or members undertake to defend the same on his or
their  own  behalf.

     18.     GOVERNING  LAW.  The  Plan  shall be governed by, and all questions
             --------------
arising  hereunder shall be determined in accordance with, the laws of the State
of  New  York.

<PAGE><PAGE>

                                     FORM OF

                          LAWRENCE FEDERAL SAVINGS BANK
                              AMENDED AND RESTATED
                          DIRECTOR RETIREMENT AGREEMENT

        THIS AGREEMENT is amended and restated in its entirety this 24th day of
December, 2003 by and between LAWRENCE FEDERAL SAVINGS BANK (the "Bank"), and
[DIRECTOR] (the "Director").

                                  INTRODUCTION

        To encourage the Director to remain a member of the Bank's Board of
Directors, the Bank is willing to provide certain retirement benefits to the
Director. The Bank will pay the benefits from its general assets. This amended
and restated agreement incorporates the terms of the prior agreement and
clarifies the intent of certain provisions of the prior agreement.

                                    AGREEMENT

        The Director and the Bank 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   "CHANGE OF CONTROL" shall be deemed to occur on the
                        earliest of:

<PAGE>

                i.      The acquisition by any entity, person or group (other
                        than the acquisition by a tax-qualified retirement plan
                        sponsored by the Company or the Bank) of beneficial
                        ownership, as that term is defined in Rule 13d-3 under
                        the Securities Exchange Act of 1934, of more than 25% of
                        the outstanding capital stock of the Company or the Bank
                        entitled to vote for the election of directors ("Voting
                        Stock");

                ii.     The commencement by any entity, person, or group (other
                        than the Company or the Bank, a subsidiary of the
                        Company or the Bank, or a tax-qualified retirement plan
                        sponsored by the Company or the Bank) of a tender offer
                        or an exchange offer for more than 25% of the
                        outstanding Voting Stock of the Company or the Bank;

                iii.    The effective time of (x) a merger or consolidation of
                        the Company or the Bank with one or more other
                        corporations as a result of which the holders of the
                        outstanding Voting Stock of the Company or the Bank
                        immediately prior to such merger exercise voting control
                        over less than 51% of the Voting Stock of the surviving
                        or resulting corporation, or (y) a transfer of
                        substantially all of the property of the Company or the
                        Bank other than to an entity of which the Company or the
                        Bank owns at least 51% of the Voting Stock; and

                iv.     At such time that, during any period of two (2)
        consecutive years, individuals who at the beginning of such period
        constitute the Board of the Company or the Bank (the "Continuing
        Directors") cease for any reason to constitute at least two-thirds
        thereof, provided that any individual whose election or nomination for
        election as a member of the Board was approved by a vote of at least
        two-thirds (2/3) of the Continuing Directors then in office shall be
        considered a Continuing Director.

                                       2
<PAGE>

                1.1.2   "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.

                1.1.3   "COMPANY" means Lawrence Financial Holdings, Inc., and
        its successors.

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

                1.1.5   "EARLY RETIREMENT DATE" means the Director attaining age
        65 and completing 15 Years of Service.

                1.1.6   "NORMAL RETIREMENT DATE" means the Director attaining
        age 68 and completing 15 Years of Service.

                1.1.7   "TERMINATION OF SERVICE" means the Director's ceasing to
        be a member of the Bank's Board of Directors for any reason whatsoever.

                1.1.8   "YEARS OF SERVICE" means the total number of
        twelve-month periods during which the Director serves as a member of the
        Bank's Board of Directors.

                                       3
<PAGE>

                                    ARTICLE 2
                                LIFETIME BENEFITS

        2.1     NORMAL RETIREMENT BENEFIT. If the Director terminates service on
or after the Normal Retirement Date, and for reasons other than death or
Disability, the Bank shall pay to the Director the benefit described in this
Section 2.1.

                2.1.1   AMOUNT OF BENEFIT. The benefit under this Section 2.1 is
        $500 annually for each year of service and limited to 50% of fees at
        Retirement Date.

                2.1.2   PAYMENT OF BENEFIT. The Bank shall pay the benefit to
        the Director on the first day of each month commencing with the month
        following the Retirement Date and continuing for 179 additional months.

        2.2     EARLY RETIREMENT BENEFIT. If the Director terminates service
after the Early Retirement Date but before the Normal Retirement Date, and for
reasons other than death or Disability, the Bank shall pay to the Director 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
        Director's Termination of Service. Schedule A shall be adjusted to
        reflect any benefit level increases determined by the Board of Directors
        under Section 2.1.1 prior to the Directors Termination of Service.
        Schedule A is calculated using the interest method of accounting, a
        7.50% discount rate, and assuming monthly compounding and monthly
        benefit payments.

                2.2.2   PAYMENT OF BENEFIT. The Bank shall pay the benefit to
        the Director on the first day of each month commencing with the month
        following the Director's Early Retirement Date and continuing for 179
        additional months.

                                       4
<PAGE>

        2.3     DISABILITY BENEFIT. If the Director terminates service for
Disability prior to the Normal Retirement Date, the Bank shall pay to the
Director 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
        Director's Termination of Service. Schedule A shall be adjusted to
        reflect any benefit level increases determined by the Board of Directors
        under Section 2.1.1 prior to the Director's Termination of Service.

                2.3.2   PAYMENT OF BENEFIT. The Bank shall pay the benefit to
        the Director on the first day of each month commencing with the month
        following the Director's Termination of Service and continuing until the
        earlier of (a) the Director's recovery from the Disability, or (b) 179
        months.

        2.4     CHANGE OF CONTROL BENEFIT. Upon a Change of Control while the
Director is in the active service of the Bank, the Bank shall pay to the
Director 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 product of (i) and (ii) multiplied by (iii), where (i) equals $500
        and (ii) equals each Year of Service or partial Year of Service of the
        Director as of the effective date of the Change in Control (regardless
        of whether the Director experiences a Termination of Service), and (iii)
        equals 15.

                2.4.2   PAYMENT OF BENEFIT. The Bank shall pay the benefit to
        the Director in a lump sum no later than the effective date of the
        Change of Control. The calculation of the lump sum value shall be made
        by assuming (i) the benefit in Section 2.4.1 would have been paid in 180
        equal monthly installments commencing on the effective date of the
        Change in Control and (ii) a discount rate of 7.5%.

                                       5
<PAGE>

                                    ARTICLE 3
                                 DEATH BENEFITS

        3.1     DEATH DURING ACTIVE SERVICE. If the Director dies while in the
active service of the Bank, the Bank shall pay to the Director's beneficiary the
benefit described in this Section 3.1.

                3.1.1   AMOUNT OF BENEFIT. The benefit under Section 3.1 is the
        lifetime benefit that would have been paid to the Director under Section
        2.1 calculated as if the date of the Director's death were the Normal
        Retirement Date.

                3.1.2   PAYMENT OF BENEFIT. The Bank shall pay the benefit to
        the Beneficiary on the first day of each month commencing with the month
        following the Director's death and continuing for 179 additional months.

        3.2     DEATH DURING BENEFIT PERIOD. If the Director dies after benefit
payments have commenced under this Agreement but before receiving all such
payments, the Bank shall pay the remaining benefits to the Director's
beneficiary at the same time and in the same amounts they would have been paid
to the Director had the Director survived.

                                    ARTICLE 4
                                  BENEFICIARIES

        4.1     BENEFICIARY DESIGNATIONS. The Director shall designate a
beneficiary by filing a written designation with the Bank. The Director may
revoke or modify the designation at any time by filing a new designation.
However, designations will only be effective if signed by the Director and
accepted by the Bank during the Director's lifetime. The Director's beneficiary
designation shall be deemed automatically revoked if the beneficiary predeceases
the Director, or if the Director names a spouse as beneficiary and the marriage
is subsequently dissolved. If the Director dies without a valid beneficiary
designation, all payments shall be made to the Director's surviving spouse, if
any, and if none, to the Director's surviving children and the

                                       6
<PAGE>

descendants of any deceased child by right of representation, and if no children
or descendants survive, to the Director'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 Bank 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 Bank 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
Bank from all liability with respect to such benefit.

                                    ARTICLE 5
                               GENERAL LIMITATIONS

        Notwithstanding any provision of this Agreement to the contrary, the
Bank shall not pay any benefit under this Agreement:

        5.1     TERMINATION FOR CAUSE. If the Bank terminates the Director's
service for:

                5.1.1   Gross negligence or gross neglect of duties;

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

                5.1.3   Fraud, disloyalty, dishonesty or willful violation of
        any law or significant Bank policy committed in connection with the
        Director's service and resulting in an adverse financial effect on the
        Bank.

        5.2     SUICIDE. No benefits shall be payable if the Director commits
suicide within two years after the date of this Agreement, or if the Director
has made any material misstatement of fact on any application for life insurance
purchased by the Bank.

                                       7
<PAGE>

                                    ARTICLE 6
                          CLAIMS AND REVIEW PROCEDURES

        6.1     CLAIMS PROCEDURE. The Bank shall notify the Director'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 Bank 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 Bank
determines that there are special circumstances requiring additional time to
make a decision, the Bank 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-day period.

        6.2     REVIEW PROCEDURE. If the beneficiary is determined by the Bank
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 Bank by filing a petition for
review with the Bank within sixty (60) days after receipt of the notice issued
by the Bank. 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 Bank of the petition, the
Bank shall afford the beneficiary (and counsel, if any) an opportunity to
present his or her position to the Bank orally or in writing, and the
beneficiary (or counsel) shall have the right to review the pertinent documents.
The Bank shall notify the beneficiary of its decision in writing within the
sixty-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-day period is not sufficient, the decision may be
deferred for up to another sixty-day period at the election of the Bank, but
notice of this deferral shall be given to the beneficiary.

                                       8
<PAGE>

                                    ARTICLE 7
                           AMENDMENTS AND TERMINATION

        The Bank 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 Director prior to actual receipt,
or (ii) result in significant financial penalties or other significantly
detrimental ramifications to the Bank (other than the financial impact of paying
the benefits). In the event of any such amendment or termination, the Director
shall be 100% vested in the benefit determined under Schedule A.

                                    ARTICLE 8
                                  MISCELLANEOUS

        8.1     BINDING EFFECT. This Agreement shall bind the Director and the
Bank, and their beneficiaries, survivors, executors, administrators and
transferees.

        8.2     NO GUARANTY OF EMPLOYMENT. This Agreement is not a contract for
services. It does not give the Director the right to remain a director of the
Bank, nor does it interfere with the Shareholders' rights to replace the
Director. It also does not require the Director to remain a director nor
interfere with the Director's right to terminate service 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 Bank shall 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 Ohio, except to the extent preempted by the laws of the
United States of America.

                                       9
<PAGE>

        8.6     UNFUNDED ARRANGEMENT. The Director and beneficiary are general
unsecured creditors of the Bank for the payment of benefits under this
Agreement. The benefits represent the mere promise by the Bank 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 the Director's life is a general asset
of the Bank to which the Director and beneficiary have no preferred or secured
claim.

                                       10
<PAGE>

        IN WITNESS WHEREOF, the Director and a duly authorized Bank officer have
signed this Agreement.

DIRECTOR:                              LAWRENCE FEDERAL SAVINGS BANK

/s/ [DIRECTOR]                         By: /s/ Jack L. Blair
----------------------                     -----------------
[DIRECTOR]
                                           Title: President and Chief Executive
                                                  Officer

                                       11
<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                              AMENDED AND RESTATED
                          DIRECTOR RETIREMENT AGREEMENT

                              TRACY E. BRAMMER, JR.

                                   SCHEDULE A

            --------------------------------------------------------
                                                       ACCRUED
                                       PLAN      DIRECTOR RETIREMENT
             DATE          AGE         YEAR           LIABILITY
            --------------------------------------------------------
             1996           51           1             $2,905
             1997           52           2              6,036
             1998           53           3              9,400
             1999           54           4             13,046
             2000           55           5             16,964
             2001           56           6             21,186
             2002           57           7             25,736
             2003           58           8             30,639
             2004           59           9             35,923
             2005           60          10             41,617
             2006           61          11             47,753
             2007           62          12             54,365
             2008           63          13             61,491
             2009           64          14             69,170
             2010           65          15             77,445
             2011           66          16             86,362
             2012           67          17             95,972

                                       12
<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                              AMENDED AND RESTATED
                          DIRECTOR RETIREMENT AGREEMENT

                               PHILLIP O. MCMAHON

                                   SCHEDULE A

            --------------------------------------------------------
                                                       ACCRUED
                                       PLAN      DIRECTOR RETIREMENT
             DATE          AGE         YEAR           LIABILITY
            --------------------------------------------------------
             1996           44           1              $1,809
             1997           45           2               3,758
             1998           46           3               5,858
             1999           47           4               8,122
             2000           48           5              10,561
             2001           49           6              13,190
             2002           50           7              16,023
             2003           51           8              19,076
             2004           52           9              22,366
             2005           53          10              25,911
             2006           54          11              29,731
             2007           55          12              33,848
             2008           56          13              38,284
             2009           57          14              43,065
             2010           58          15              48,217
             2011           59          16              53,769
             2012           60          17              59,752
             2013           61          18              66,199
             2014           62          19              73,147
             2015           63          20              80,634
             2016           64          21              88,702
             2017           65          22              97,397
             2018           66          23             106,767
             2019           67          24             116,864

                                       13
<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                              AMENDED AND RESTATED
                          DIRECTOR RETIREMENT AGREEMENT

                              CHARLES E. AUSTIN II

                                   SCHEDULE A

            --------------------------------------------------------
                                                       ACCRUED
                                       PLAN      DIRECTOR RETIREMENT
             DATE          AGE         YEAR           LIABILITY
            --------------------------------------------------------
             1996           37           1              $1,182
             1997           38           2               2,456
             1998           39           3               3,828
             1999           40           4               5,307
             2000           41           5               6,901
             2001           42           6               8,619
             2002           43           7              10,470
             2003           44           8              12,465
             2004           45           9              14,614
             2005           46          10              16,930
             2006           47          11              19,426
             2007           48          12              22,116
             2008           49          13              25,015
             2009           50          14              28,139
             2010           51          15              31,505
             2011           52          16              35,133
             2012           53          17              39,042
             2013           54          18              43,255
             2014           55          19              47,795
             2015           56          20              52,687
             2016           57          21              57,959
             2017           58          22              63,640
             2018           59          23              69,762
             2019           60          24              76,359
             2020           61          25              83,469
             2021           62          26              91,131
             2022           63          27              99,387
             2023           64          28             108,284
             2024           65          29             117,872
             2025           66          30             128,204
             2026           67          31             139,338

                                       14
<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                              AMENDED AND RESTATED
                          DIRECTOR RETIREMENT AGREEMENT

                                HERBERT J. KARLET

                                   SCHEDULE A

            --------------------------------------------------------
                                                       ACCRUED
                                       PLAN      DIRECTOR RETIREMENT
             DATE          AGE         YEAR           LIABILITY
            --------------------------------------------------------
             1996           46           1              $2,254
             1997           47           2               4,683
             1998           48           3               7,300
             1999           49           4              10,120
             2000           50           5              13,159
             2001           51           6              16,434
             2002           52           7              19,964
             2003           53           8              23,768
             2004           54           9              27,867
             2005           55          10              32,284
             2006           56          11              37,044
             2007           57          12              42,174
             2008           58          13              47,702
             2009           59          14              53,659
             2010           60          15              60,078
             2011           61          16              66,996
             2012           62          17              74,451
             2013           63          18              82,484
             2014           64          19              91,141
             2015           65          20             100,470
             2016           66          21             110,523
             2017           67          22             121,357

                                       15
<PAGE>

                          LAWRENCE FEDERAL SAVINGS BANK
                              AMENDED AND RESTATED
                          DIRECTOR RETIREMENT AGREEMENT

                                ROBERT N. TAYLOR

                                   SCHEDULE A

            --------------------------------------------------------
                                                       ACCRUED
                                       PLAN      DIRECTOR RETIREMENT
             DATE          AGE         YEAR           LIABILITY
            --------------------------------------------------------
             1996           52           1             $2,570
             1997           53           2              5,340
             1998           54           3              8,325
             1999           55           4             11,542
             2000           56           5             15,009
             2001           57           6             18,745
             2002           58           7             22,771
             2003           59           8             27,109
             2004           60           9             31,784
             2005           61          10             36,822
             2006           62          11             42,251
             2007           63          12             48,101
             2008           64          13             54,406
             2009           65          14             61,200
             2010           66          15             68,521
             2011           67          16             76,411

                                       16

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