Document:

EMPLOYMENT AGREEMENT

                  THIS EMPLOYMENT AGREEMENT  ("Agreement") made and entered into
this 23rd day of April 2009 (the "Effective  Date"), by and between CHINA WI MAX
Communications,  INC., a Nevada corporation (the "Company") and Frank R. Ventura
(the "Executive").

                              W I T N E S S E T H:

                  WHEREAS,  the  Company  wishes to secure the  services  of the
Executive subject to the contractual terms and conditions set forth herein; and

                  WHEREAS, the Executive is willing to enter into this Agreement
upon the terms and conditions set forth herein.

                  NOW, THEREFORE,  in consideration of  the mutual  promises and
agreements set forth herein, the parties hereto agree as follows:

     1. Employment.  The Company hereby agrees to employ the Executive,  and the
Executive hereby agrees to accept such employment with the Company, all upon the
terms and conditions set forth herein.

                  A.  Term.   Subject  to  the  terms  and  conditions  of  this
         Agreement, the Executive shall be employed for a term commencing on the
         Effective  Date  and  ending  on the  first  (1st)  anniversary  of the
         Effective  Date (the "Term")  unless sooner  terminated as provided for
         herein. The Term shall renew  automatically for additional one (1) year
         terms,  unless  either party gives  written  notice no less than ninety
         (90) days prior to the  expiration  of the Term that it does not intend
         to extend the Term.

     B. Duties and Responsibilities and Capacity. During the Term, the Executive
shall serve in the  capacity of Chief  Financial  Officer  (CFO)  subject to the
supervision of the Chairman of the Board,  President or Chief Executive  Officer
of the Company.  Executive will be permitted to perform his primary  duties,  as
appropriate,  from his principal work location in or near Overland Park,  Kansas
and will not be required to relocate to Denver,  Colorado or any other  location
unless  agreed to by Executive.  Failure to relocate  shall not be deemed a "for
Cause" termination event.

     C.  Part-Time to  Full-Time  Duties.  During the Term,  and  excluding  any
periods  of  disability,  vacation  or sick  leave to  which  the  Executive  is
entitled,  the Executive  shall devote  substantially  all of his business time,
attention and energies to the business of the Company,  provided,  however,  for
the time period  between the  Effective  Date and  September 1, 2009,  Executive
shall  devote  approximately  three-fourths  of his  time  and  energies  to the
business of the  Company.  During the Term,  it shall not be a violation of this
Agreement  for the Executive to (i) serve on corporate,  university,  civic,  or
charitable  boards or  committees  (ii)  deliver  lectures  or fulfill  speaking
engagements and (iii) manage personal investments, so long as such activities do
not   materially   interfere   with   the   performance   of   the   Executive's
responsibilities  as  an  employee  of  the  Company  in  accordance  with  this
Agreement.

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     D. Standard of  Performance.  The  Executive  will perform his duties under
this Agreement with fidelity and loyalty, to the best of his ability, experience
and talent and in a manner consistent with his duties and responsibilities.

     2. Compensation.--Base Salary.

     A. Beginning on May 1, 2009 (but deferring and accruing  receipt of payment
until the Company receives "Round-3 Financing" in a minimum amount of $500,000),
the Executive shall receive a Base Salary of $4,000 per month through August 31,
2009,  and then the Base Salary shall  increase  beginning  September 1, 2009 to
$6,500 per month for the remainder of the Term. The Base Salary shall be payable
in accordance with the general  payroll  practices of the Company in effect from
time to time.  During  the  remainder  of the  Term,  the Base  Salary  shall be
reviewed at least  annually by the Board after  consultation  with the Executive
and may from time to time be increased (but not decreased) as solely  determined
by the Board.  Effective as of the date of any such increase, the Base Salary as
so increased  shall be  considered  the new Base Salary for all purposes of this
Agreement and may not  thereafter be reduced.  Any increase in Base Salary shall
not limit or reduce any other  obligation of the Company to the Executive  under
this Agreement.

     B. Annual  Performance  Bonus.  The Executive  shall be eligible for annual
discretionary bonus awards payable in cash or common stock of the Company, as so
determined  solely  by the  Board,  based on  performance  objectives  submitted
annually by senior management and approved by the Board.

     C. Long-Term Incentives.  Upon the execution of this Agreement, the Company
agrees to issue the  Executive  the initial  option  award set forth on the term
sheet attached hereto as Exhibit A. and incorporated by reference. Following the
initial  option  award,  the  Executive  shall be  eligible  for grants of stock
options, restricted stock and/or other long-term incentives in the discretion of
the Board on the same basis as other similarly situated senior executives of the
Company.  The Company agrees to enter into negotiations and to provide Executive
with a long-term  options plan -- similar in scope and kind to the President's -
beginning six months from the Effective Date.

     D.  Benefits.  If and to the extent  that the  Company  maintains  employee
benefit  plans  (including,   but  not  limited  to,  pension,   profit-sharing,
disability,  accident,  medical, life insurance,  and hospitalization plans) (it
being understood that the Company may but shall not be obligated to do so);

                           (1) The  Executive shall be  entitled to  participate
                  therein in  accordance  with the Company's  regular  practices
                  with respect to similarly situated senior executives.

                           (2)  The  Executive  shall  be  entitled  to  prompt,
                  normally  15 days or less from  receipt  of  approved  expense
                  report,   reimbursement   from  the  Company  for   reasonable

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                  out-of-pocket  expenses  incurred  by him in the course of the
                  performance  of his duties  hereunder,  upon the submission of
                  appropriate  documentation  in accordance  with the practices,
                  policies and procedures  applicable to other senior executives
                  of the Company.

                           (3) The Executive shall be entitled to such vacation,
                  holidays and  other paid  or unpaid  leaves of  absence as are
                  consistent with the  Company's normal  policies  available  to
                  other  senior  executives of  the Company  or as are otherwise
                  approved by the Board. Notwithstanding the foregoing, vacation
                  will  be a minimum of three weeks  per year,  accrued  monthly
                  beginning on the Effective Date.

     3. Termination of Employment.  Notwithstanding  the provisions of Section 2
hereof,  the Executive's  employment  hereunder shall terminate under any of the
following conditions:

     A. Death.  The Executive's  employment under this Agreement shall terminate
automatically upon his death.

     B. Total  Disability.  The Company  shall have the right to terminate  this
Agreement  if the  Executive  becomes  Totally  Disabled.  For  purposes of this
Agreement,  "Totally  Disabled"  means that the  Executive is not working and is
currently  unable to perform the substantial and material duties of his position
hereunder  as a result of  sickness,  accident or bodily  injury for a period of
three  consecutive  months.  Prior to a determination  that Executive is Totally
Disabled, but after Executive has exhausted all sick leave and vacation benefits
provided by the Company,  Executive  shall  continue to receive his Base Salary,
offset  by any  disability  benefits  he may be  eligible  to  receive  that are
provided directly or indirectly by the Company.

     C. Termination by Company for Cause. The Executive's  employment  hereunder
may be terminated for Cause upon written notice by the Company.  For purposes of
this Agreement, "Cause" shall mean:

          (1)  conviction of the Executive by a court of competent  jurisdiction
               of any felony or a crime involving moral turpitude;

          (2)  the Executive's  willful and  intentional  failure or willful and
               intentional  refusal to follow reasonable and lawful instructions
               of the Board;

          (3)  the Executive's  material breach or default in the performance of
               his obligations under this Agreement; or

          (4)  the   Executive's   act   of   misappropriation,    embezzlement,
               intentional fraud or similar conduct involving the Company.

Executive may not be terminated for Cause  pursuant to  subsections  (2) and (3)
above unless Executive is given written notice of the circumstances constituting
"Cause" and a reasonable period to cure such  circumstances,  which period shall
be no less than thirty (30) days.

     D. Termination for Good Reason. The Executive's employment hereunder may be
terminated by the  Executive  for Good Reason on written  notice by Executive to

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the Company. For purposes of this Agreement,  "Good Reason" means the occurrence
of any of the following circumstances without the Executive's consent:(1)

          (1). a  material  reduction  in the  Executive's  salary  or  benefits
               excluding   the   substitution   of   substantially    equivalent
               compensation and benefits  provided that a reduction in the level
               of compensation payable to a substantial portion of the Company's
               employees or to  substantially  all of the Company's  officers as
               part of a unilateral cost-cutting program of the Company will not
               be taken into account for acceleration or vesting;

          (2)  a material  diminution of the  Executive's  duties,  authority or
               responsibilities   as  in  effect   immediately   prior  to  such
               diminution;

          (3)  the  relocation of the  Executive'  principal  work location to a
               location more than 50 miles from its current location; or

          (4)  the  failure  of a  successor  to assume and  perform  under this
               Agreement.

     4. Payments Upon Termination..

     A. Upon termination of Executive's  employment  hereunder for any reason as
so provided for in Section 3 hereof,  the Company  shall be obligated to pay and
the Executive  shall be entitled to receive,  on such terms and conditions as is
customary  in the  normal  course  of  business  (based  on  past  practice  and
experience), Base Salary which has accrued for services performed to the date of
termination and which has not yet been paid. In addition, the Executive shall be
entitled to any vested  benefits to which he is entitled  under the terms of any
applicable  Executive benefit plan or program,  vested restricted stock plan and
stock option plan of the Company,  and, to the extent applicable,  short-term or
long-term disability plan or program with respect to any disability, or any life
insurance  policies and the benefits provided by such plan, program or policies,
or applicable law as duly adopted from time to time by the Board.

     B. Upon termination of Executive's  employment by the Company without Cause
or by the Executive  for Good Reason,  the Company shall be obligated to pay and
the Executive shall be entitled to receive:

          (1)  all of the amounts and benefits described in Section 4.A. hereof;
               and

          (2)  Base Pay for a total of three (3)  months,  payable in the normal
               course of business  according to the Company's  payment policy at
               that time; and

          (3)  continued participation in all Executive welfare benefit programs
               of  the  Company  for  three  (3)  months  from  the  Executive's
               termination of employment.

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                  Payments under Section 4.B., with the exception of amounts due
pursuant to Section 4.B(1), are conditioned on the execution by the Executive of
a release of all employment-related claims; provided, however, that such release
shall be contingent upon the Company's  satisfaction of all terms and conditions
of this Section.

     C.  Upon  termination  of the  Executive's  employment  upon  the  death of
Executive  pursuant to Section 3.A.,  the Company shall be obligated to pay, and
the Executive shall be entitled to receive:

          (1)  all of the amounts and vested benefits described in Section 4.A.;

          (2)  any death benefit  payable under a plan or policy provided by the
               Company; and

          (3)  continued  participation  by the  Executive's  dependents  in the
               welfare benefit programs of the Company,  including reimbursement
               for health care benefit  premiums agreed to hereof,  for a period
               of time no  longer  than (i) three  months or (ii) the  amount of
               time remaining in the Term.

     D. Upon  termination of the  Executive's  employment upon the Disability of
the Executive  pursuant to Section 3.B.,  the Company shall be obligated to pay,
and the Executive shall be entitled to receive:

          (1)  all of the amounts and vested benefits described in Section 4.A.;

          (2)  the Base Salary,  at the rate in effect  immediately prior to the
               date of his  termination of employment  due to Disability,  for a
               period no longer than (i) three-months or (ii) the amount of time
               remaining  in the Term,  offset  by any  payments  the  Executive
               receives under the Company's  long-term  disability  plan and any
               supplements thereto, whether funded or unfunded, which is adopted
               by the Company for the Executive's  benefit and not  attributable
               to the Executive's own contributions; and

          (3)  continued  participation  by the Executive and his  dependents in
               the  welfare   benefit   programs  of  the   Company,   including
               reimbursement  for health care benefit premiums agreed to hereof,
               for a period of time no longer than (i) three  months or (ii) the
               amount of time remaining in the Term.

                  Payments under Section 4.D., with the exception of amounts due
pursuant to Section 4.D(1), are conditioned on the execution by the Executive or
the Executive's  representative of a release of all  employment-related  claims;
provided,  however,  that such release  shall be  contingent  upon the Company's
satisfaction of all terms and conditions of this Section.

     E. Upon voluntary  termination  of employment by the Executive  (other than
for Good Reason as described in Section 4.B.) or  termination by the Company for
Cause,  the Company shall have no further  liability under or in connection with
this Agreement, except to provide the amounts set forth in Section 4.A.

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     F. Upon voluntary or involuntary termination of employment of the Executive
for any  reason  whatsoever  or  expiration  of the Term,  the  Executive  shall
continue  to be  subject  to the  provisions  of  Section  5,  hereof  (it being
understood  and agreed that such  provisions  shall survive any  termination  or
expiration of the Executive's employment hereunder for any reason whatsoever).

     5. Confidentiality, Return of Property, and Covenant Not to Compete.

          (1)  Company Information.  The Company agrees that it will provide the
               Executive with  Confidential  Information,  as defined below that
               will enable the  Executive  to optimize  the  performance  of the
               Executive's  duties to the Company.  In exchange,  the  Executive
               agrees  to use  such  Confidential  Information  solely  for  the
               Company's  benefit.  The  Company  and the  Executive  agree  and
               acknowledge that its provision of such  Confidential  Information
               is not contingent on the  Executive's  continued  employment with
               the Company.  Notwithstanding  the preceding  sentence,  upon the
               termination of the  Executive's  employment  for any reason,  the
               Company shall have no  obligation  to provide the Executive  with
               its Confidential  Information.  "Confidential  Information" means
               any  Company  proprietary  information,   technical  data,  trade
               secrets or  know-how,  including,  but not limited to,  research,
               product plans,  products  services,  customer lists and customers
               (including,  but not limited to, customers of the Company on whom
               the Executive called or with whom the Executive became acquainted
               during  the  term  of  the  Executive's   employment),   markets,
               software,   developments,    inventions,   processes,   formulas,
               technology,    designs,    drawings,    engineering,     hardware
               configuration  information,  marketing finances or other business
               information  disclosed  to the  Executive  by the Company  either
               directly  or  indirectly  in  writing,  orally or by  drawings or
               observation of parts or equipment.  Confidential Information does
               not include any of the foregoing  items that have become publicly
               known and made generally available through no wrongful act of the
               Executive or of others who were under confidentiality obligations
               as to the item or items involved or improvements or new versions.

                               The Executive agrees at all times during the Term
                               and thereafter,  to hold in strictest confidence,
                               and not to use, except for the exclusive  benefit
                               of the  Company,  or to disclose to any person or
                               entity without written authorization of the Board
                               of  Directors of the  Company,  any  Confidential
                               Information of the Company.

          (2)  Former Employer  Information.  The Executive  agrees that he will
               not,  during his employment  with the Company,  improperly use or
               disclose  any  proprietary  information  or trade  secrets of any
               former  employer or other person or entity and that the Executive
               will not bring onto the  premises of the Company any  unpublished
               document  or  proprietary   information  belonging  to  any  such
               employer, person or entity unless consented to in writing by such
               employer, person or entity.

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          (3)  Third-Party  Information.   The  Executive  recognizes  that  the
               Company has  received  and in the future will  receive from third
               parties their confidential or proprietary  information subject to
               a duty on the Company's part to maintain the  confidentiality  of
               such information and to use it only for certain limited purposes.
               The Executive  shall hold all such  confidential  or  proprietary
               information  in the strictest  confidence  and not disclose it to
               any person or entity or use it except as  necessary  in  carrying
               out the  Executive's  work for the  Company  consistent  with the
               Company's agreement with such third party.

               a.   Returning  Company  Documents.  At the time of  leaving  the
                    employ of the  Company,  the  Executive  will deliver to the
                    Company  (and will not keep in the  Executive's  possession)
                    specifications,  drawings blueprints,  sketches,  materials,
                    equipment,  other documents or property, or reproductions of
                    any aforementioned items developed by the Executive pursuant
                    to the Executive's  employment with the Company or otherwise
                    belonging to the Company, its successors or assigns.

               b.   Notification  of  New  Employer.   In  the  event  that  the
                    Executive  leaves the employ of the Company,  the  Executive
                    hereby grants consent to  notification by the Company to the
                    Executive's  new employer about the  Executive's  rights and
                    obligations under this Agreement.

               c.   Solicitation of Employees.  The Executive  agrees that for a
                    period of twenty-four (24) months immediately  following the
                    termination of the Executive's relationship with the Company
                    for any reason,  the Executive  shall not either directly or
                    indirectly  solicit,  induce or recruit any of the Company's
                    employees  to leave  their  employment,  or take  away  such
                    employees, or attempt to solicit, induce, recruit, encourage
                    or take away employees of the Company, either for himself or
                    for any other person or entity.

               d.   Covenant Not to Compete.

                    (1).  The  Executive  agrees  that  during the course of his
                    employment  and for  twenty-four  (24) months  following the
                    termination of the Executive's relationship with the Company
                    for any reason, the Executive will not compete,  without the
                    prior  written  consent  of  the  Company,   as  a  partner,
                    employee,  consultant,  officer,  director,  manager, agent,
                    associate,  investor, or otherwise,  directly or indirectly,
                    own,  purchase,  organize or take preparatory  steps for the
                    organization of, build,  design,  finance,  acquire,  lease,
                    operate, manage, invest in, work or consult for or otherwise
                    affiliate  with  any  business,   in  competition  with  the
                    Company's   Chinese   communications   business;   provided,
                    however, that the beneficial ownership by Executive of up to
                    5% of the  voting  stock of any  corporation  subject to the
                    periodic  reporting   requirements  of  the  Securities  and

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                    Securities  Exchange  Act of 1934  shall  not  violate  this
                    Section  5.  The   foregoing   covenant   shall   cover  the
                    Executive's  activities  in every part of the  Territory  in
                    which the Executive may conduct  business during the term of
                    such covenant as set forth above. "Territory" shall mean the
                    Peoples Republic of China.

                    (2).  The  Executive   acknowledges   that  he  will  derive
                    significant  value from the  Company's  agreement in Section
                    5.A(1) to  provide  the  Executive  with  that  Confidential
                    Information   to  enable  the   Executive  to  optimize  the
                    performance of the  Executive's  duties to the Company.  The
                    Executive  further  acknowledges that his fulfillment of the
                    obligations contained in this Agreement,  including, but not
                    limited to, the Executive's  obligation  neither to disclose
                    nor to use the Company's Confidential Information other than
                    for the  Company's  exclusive  benefit  and the  Executive's
                    obligation not to compete contained in subsection (1) above,
                    is   necessary   to  protect  the   Company's   Confidential
                    Information  and,  consequently,  to preserve  the value and
                    goodwill of the Company.  The Executive further  acknowledge
                    the  time,   geographic   and  scope   limitations   of  the
                    Executive's  obligations  under  subsection  (1)  above  are
                    reasonable,  especially in light of the Company's  desire to
                    protect its Confidential Information, and that the Executive
                    will  not  be  precluded  from  gainful  employment  if  the
                    Executive  is  obligated  not to  compete  with the  Company
                    during the period and  within  the  Territory  as  described
                    above.

                    (3). The covenants  contained in subsection  (1) above shall
                    be construed as a series of separate covenants, one for each
                    city,  county  and  state  of  any  geographic  area  in the
                    Territory.   Except  for  geographic  coverage,   each  such
                    separate  covenant shall be deemed identical in terms to the
                    covenant  contained  in  subsection  (1)  above.  If, in any
                    judicial proceeding,  a court refuses to enforce any of such
                    separate   covenants  (or  any  part  thereof),   then  such
                    unenforceable  covenant  (or such part) shall be  eliminated
                    from this  Agreement  to the extent  necessary to permit the
                    remaining  separate  covenants  (or portions  thereof) to be
                    enforced.  In the event the  provisions  of  subsection  (1)
                    above are  deemed to exceed  the time,  geographic  or scope
                    limitations  permitted by Nevada law,  then such  provisions
                    shall be reformed to the maximum  time,  geographic or scope
                    limitations, as the case may be, then permitted by such law.

               e.   Representations.  The Executive agrees to execute any proper
                    oath or verify any proper document required to carry out the
                    terms of this Agreement.  The Executive  represents that his
                    performance  of all the  terms  of this  Agreement  will not
                    breach  any  agreement  to  keep in  confidence  proprietary
                    information  acquired by the  Executive in  confidence or in
                    trust prior to the  Executive's  employment  by the Company.
                    The Executive has not entered into, and the Executive agrees
                    that he will not enter into,  any oral or written  agreement
                    in conflict herewith.

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     6. Arbitration.  Any dispute or controversy  arising under or in connection
with this  Agreement  (other  than any  dispute or  controversy  arising  from a
violation or alleged  violation by the Executive of the provisions of Section 5)
shall be settled  exclusively  by final and binding  arbitration in Kansas City,
Missouri,  in accordance with the Employment  Arbitration  Rules of the American
Arbitration  Association  ("AAA").  The  arbitrator  shall be selected by mutual
agreement of the parties,  if possible.  If the parties fail to reach  agreement
upon  appointment of an arbitrator  within thirty days following  receipt by one
party of the other party's notice of desire to arbitrate,  the arbitrator  shall
be  selected  from a panel or  panels  of  persons  submitted  by the  AAA.  The
selection  process  shall  be that  which  is set  forth  in the AAA  Employment
Arbitration Rules then prevailing, except that, if the parties fail to select an
arbitrator  from one or more  panels,  AAA  shall  not have the power to make an
appointment but shall continue to submit  additional  panels until an arbitrator
has been selected.  This  agreement to arbitrate  shall not preclude the parties
from engaging in voluntary,  non-binding settlement efforts including mediation.
7. Notices All notices and other  communications  hereunder  shall be in writing
and shall be given (and shall be deemed to have been duly given upon receipt) by
delivery in person,  by registered or certified mail (return  receipt  requested
and with postage prepaid thereon) or by facsimile transmission to the respective
parties.

                 China Wi-Max Communications, Inc.

                 Steven T. Berman, President
                 Denver Tower 1905 Sherman St. Suite 335, Denver, CO  80203
                 cc:  Allan Rabinoff,  Chairman of the Board

                 If  to Executive:

                 Frank R. Ventura
                 9993 Mackey Circle, Overland Park, Kansas  66212

         7. Amendment; Waiver. The terms and provisions of this Agreement may be
modified or amended only by a written instrument executed by each of the parties
hereto,  and compliance with the terms and provisions  hereof may be waived only
by a written instrument executed by each party entitled to the benefits thereof.
No failure or delay on the part of any party in exercising  any right,  power or
privilege  granted  hereunder shall  constitute a waiver thereof,  nor shall any
single or partial  exercise of any such right,  power or privilege  preclude any
other or further exercise  thereof or the exercise of any other right,  power or
privilege granted hereunder.

     8. Entire  Agreement.  This  Agreement  and all  Exhibits  attached  hereto
constitute the entire agreement  between the parties with respect to the subject
matter  hereof  and   supersede   all  prior  written  or  oral   agreements  or
understandings between the parties relating thereto.

     9. Severability.  In the event that any term or provision of this Agreement
is found to be invalid,  illegal or  unenforceable,  the validity,  legality and
enforceability  of the remaining terms and provisions hereof shall not be in any
way affected or impaired  thereby,  and this Agreement  shall be construed as if

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such  invalid,  illegal or  unenforceable  provision  had never  been  contained
therein.

     10. Binding  Effect;  Assignment.  This Agreement shall be binding upon and
inure to the benefit of the parties and their respective  successors and assigns
(it being  understood  and agreed  that,  except as expressly  provided  herein,
nothing  contained in this Agreement is intended to confer upon any other person
or entity any rights, benefits or remedies of any kind or character whatsoever).
The Executive may not assign this Agreement without the prior written consent of
the Company.  Except as otherwise  provided in this  Agreement,  the Company may
assign this Agreement to any of its  affiliates or to any successor  (whether by
operation of law or otherwise) to all or  substantially  all of its business and
assets  without the consent of the  Executive.  For purposes of this  Agreement,
"affiliate"  means any entity in which the Company owns shares or other  measure
of ownership representing at least 40% of the voting power or equivalent measure
of control of such entity.

     11.  Governing  Law. This  Agreement  shall be governed by and construed in
accordance  with the laws of the State of Colorado  (except that no effect shall
be given to any  conflicts  of law  principles  thereof  that would  require the
application of the laws of another jurisdiction).

     12. Headings.  The headings of the sections contained in this Agreement are
for convenience only and shall not be deemed to control or affect the meaning or
construction of any provision of this Agreement.

     13.   Counterparts.   This  Agreement  may  be  executed  in  one  or  more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.

                  IN WITNESS  THEREOF,  the Company has caused this Agreement to
be executed by its duly  authorized  officer and the  Executive  has signed this
Agreement as of the Effective Date.

                                       CHINA WI MAX COMMUNICATIONS, INC.

                                       -----------------------------------------
                                       By: Steven T. Berman, President

                                       EXECUTIVE

                                       -----------------------------------------
                                       Frank R. Ventura

Final Ventura Employment Agreement -- 042809      ____________ Initial

                                       10
<PAGE>

                                                                       Exhibit A

                      Frank Ventura -- Initial Option Award

I. Options.  Company will grant  Executive a signing bonus of 50,000  options to
purchase of Company common stock, based on the fair market value as of the grant
date, which shall be the date of execution of this Agreement.

     A.   Fair market value shall be $0.25 per share, the price set forth in the
          first-round private placement.

     B.   Options will have a term of 3 years.

     D.   Company will register the shares  subject to the option on Form S-8 or
          such  other  form as may be  available,  and shall  provide a cashless
          exercise procedure.

II.      Change in Control.

     A.   In the event of a Change in  Control,  Company  will pay  Executive  a
          gross-up  payment  to cover the  excise  tax,  if any,  imposed  under
          Section 4999 of the Internal  Revenue Code in  connection  with excess
          parachute  payments as defined in Section 280G of the Internal Revenue
          Code.

     B.   For  purpose  of the  options,  "Change  in  Control"  means:  (a) the
          consummation of a merger or  consolidation of the Company with or into
          another entity or any other transaction, where the stockholders of the
          Company  immediately  prior  to such  merger,  consolidation  or other
          transaction  own or beneficially  own  immediately  after such merger,
          consolidation  or other  transaction less than 50% of the voting power
          of the  outstanding  securities  of  each  of (i)  the  continuing  or
          surviving entity and (ii) any direct or indirect parent entity of such
          continuing  or  surviving  entity;  (b) the  sale,  transfer  or other
          disposition of all or  substantially  all of the Company's assets to a
          Person  which  is  not  owned  or  controlled  by the  Company  or its
          stockholders  immediately  prior  to  such  sale,  transfer  or  other
          disposition; (c) individuals who, 30 days following the effective date
          of this Agreement,  constitute the Board (the "Incumbent Board") cease
          for any  reason  to  constitute  at  least a  majority  of the  Board;
          provided,  however, that any individual becoming a director thereafter
          whose   election,   or  nomination   for  election  by  the  Company's
          shareholders,  was  approved  by a vote of at least a majority  of the
          directors then  comprising the Incumbent  Board shall be considered as
          though such  individual  were a member of the Incumbent  Board; or (d)
          any  transaction  as a result of which any  Person is the  "Beneficial
          Owner" (as defined in Rule 13d-3 under the Exchange Act),  directly or
          indirectly,  of securities of the Company representing at least 50% of
          the total voting power  represented by the Company's then  outstanding
          voting  securities.  For  purposes  of this  definition  of  Change in
          Control,  the term "Persons" means, acting individually or as a group,
          an   individual  or  a   corporation,   Limited   Liability   Company,
          partnership,   joint  venture,  trust,  unincorporated   organization,
          association,  government  agency or political  subdivision  thereof or
          other entity.

Final Ventura Employment Agreement -- 042809      ____________ Initial

                                       11ex104.htm

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    CAPITOL
FEDERAL FINANCIAL

    Deferred
Incentive Bonus Plan

    

    

    

    

    

    

    

    

    

    

    Amended
and Restated To Comply With

    Section
409A of the Internal Revenue Code and the Final Regulations
Thereunder

    

    

    

    

    

    

    

    

    

    

    

    Effective
Date of Formal

    Amendment
and Restatement

    January
1, 2009

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    CAPITOL
FEDERAL FINANCIAL

    Deferred
Incentive Bonus Plan

    Table
of Contents

    

    

    
      	 
      	 
      	
              Page

            
	
              ARTICLE
      I --

            	
              PURPOSE

            	
              1

            
	 
      	 
      	 
      
	
              ARTICLE
      II –

            	
              DEFINITIONS

            	
              1

            
	 
      	 
      	 
      
	
              ARTICLE
      III --

            	
              PARTICIPATION

            	
              3

            
	 
      	 
      	 
      
	
              ARTICLE
      IV --

            	
              DEFERRED
      ACCOUNTS

            	
              4

            
	 
      	 
      	 
      
	
              ARTICLE
      V --

            	
              BENEFITS

            	
              5

            
	 
      	 
      	 
      
	
              ARTICLE
      VI --

            	
              RESERVED

            	
              6

            
	 
      	 
      	 
      
	
              ARTICLE
      VII --

            	
              SOURCE
      OF BENEFITS

            	
              6

            
	 
      	 
      	 
      
	
              ARTICLE
      VIII --

            	
              ADMINISTRATION
      OF THIS PLAN

            	
              7

            
	 
      	 
      	 
      
	
              ARTICLE
      IX --

            	
              AMENDMENT

            	
              8

            
	 
      	 
      	 
      
	
              ARTICLE
      X --

            	
              TERMINATION

            	
              8

            
	 
      	 
      	 
      
	
              ARTICLE
      XI --

            	
              RESTRICTIONS
      ON ALIENATION OF BENEFITS

            	
              9

            
	 
      	 
      	 
      
	
              ARTICLE
      XII --

            	
              CLAIMS
      PROCEDURE

            	
              10

            
	 
      	 
      	 
      
	
              ARTICLE
      XIII --

            	
              MISCELLANEOUS

            	
              11

            

    

    

    

    

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    CAPITOL
FEDERAL FINANCIAL

    Deferred
Incentive Bonus Plan

    

    

    W I T N E S S E T H: That;

    

    WHEREAS, the Company maintains the
Capitol Federal Financial Deferred Incentive Bonus Plan (the “Plan”) for the
purpose of providing specified benefits to Senior Managers of the Company who
contribute to the continued growth, development, and future business success of
the Company; and

    

    WHEREAS, the Plan has been amended to
comply with the applicable requirements of Section 409A of the Internal Revenue
Code of 1986, as amended (“Section 409A”); and

    

    WHEREAS, the Plan must be amended to
reflect the final regulations that were subsequently issued under Section 409A;
and

    

    WHEREAS, the Company desires to amend
and restate the Plan on the terms and conditions set forth herein in order to
accomplish the foregoing; and

    

    WHEREAS, the Committee has reviewed the
terms and provisions hereof and approved the Plan, and such action by the
Committee has been ratified by the Board.

    

    NOW, THEREFORE, the Company hereby
amends and restates the Plan on the terms and conditions set forth herein, which
Plan shall be known as the “Capitol Federal Financial Deferred Incentive Bonus
Plan.”  The effective
date of this amended and restated version of the Plan is January 1, 2009,
although it is intended that the Plan be in operational compliance with Section
409A as of January 1, 2005, to the extent required by regulations and other
guidance issued thereunder.

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
I -- PURPOSE

    

    Section 1.01. Purpose. The
purpose of this Plan is to provide specified benefits to Senior Managers of
Capitol Federal Financial (“CFF”) and Capitol Federal Savings Bank (collectively
the “Company”) who contribute to the continued growth, development, and future
business success of the Company. This program shall be administered as an
unfunded plan of deferred compensation for income tax purposes and shall be
applicable solely to those Employees serving in the job classification of
Chairman, Chief Executive Officer, President, Executive Vice-Presidents, and
Senior Vice Presidents (“Senior Managers”). This Plan is intended to operate in
conjunction with that certain Short Term Performance Plan adopted by the Company
effective October 1, 2005.

    

    

    ARTICLE
II -- DEFINITIONS

    

    For purposes of this Plan, the
following phrases or terms shall have the indicated meanings unless otherwise
clearly apparent from the context. Capitalized terms not specifically defined
herein shall have the meanings set forth in the Short Term Performance
Plan.

    

    “Affiliated Company(ies)”
means each entity that has a relationship to the Company as described by Section
414(b) or (c) of the Code.

    

    “Approved Reason” means a
reason for a Separation from
Service with the Company which, in the opinion of the Committee, is in
the best interest of the Company.

    

    “Award” or “Performance Award”
means a lump sum cash payment granted under the Plan to a Participant by the
Committee pursuant to such terms, conditions, restrictions and/or limitations,
if any, as the Committee may establish.

    

    “Beneficiary or Beneficiaries”
means the person, persons, entity or entities entitled to receive any benefits
under this Plan pursuant to the designation of the Participant (or in default of
such designation) as provided in Section 5.03 hereof.

    

    “Board of Directors” or
“Board” means the Board of Directors of Capitol Federal
Financial.

    

    “Cause” means:

    

    
      	
               
      

            	
              (a)

            	
              the
      willful and continued failure by an Employee to substantially perform his
      or her duties with his or her employer after written warnings identifying
      the lack of substantial performance are delivered to the Employee by his
      or her employer to specifically identify the manner in which the employer
      believes that the Employee has not substantially performed his or her
      duties, or

            

    

    

    
      	
               
      

            	
              (b)

            	
              the
      willful engaging by an Employee in illegal conduct which is materially and
      demonstrably injurious to CFF or a
Subsidiary.

            

    

    

    “Change In Control” means the
occurrence of any of the following three events: (i) any third person, other
than Capitol Federal Savings Bank MHC, including a “group” as defined in Section
13(d)(3) of the Exchange Act, shall become the beneficial owner of shares of CFF
with respect to which 25% or more of the total number of votes for the election
of the Board may be cast, (ii) as a result of, or in connection with, any cash
tender offer, merger or other business combination, sale of assets or contested
election, or combination of the foregoing, the persons who were Directors of CFF
shall cease to constitute

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    a
majority of the Board, or (iii) the stockholders of CFF shall approve an
agreement providing either for a transaction in which CFF will cease to be an
independent publicly-owned corporation (whether in stand alone or mutual holding
company form) or for a sale or other disposition of all or substantially all of
the assets of CFF.

    

    “Code” means the Internal
Revenue Code of 1986, as amended.

    

    “Committee” means the
Compensation Committee of the Board, or such other Board committee as may be
designated by the Board to administer the Plan; provided, however, that the
Committee shall consist of an odd number of three or more Directors, each of
whom is a “Non-Employee Director” within the meaning of Rule 16b-3 under the
Exchange Act, or any successor definition adopted.

    

    “Company” means Capitol
Federal Financial and its wholly owned subsidiary, Capitol Federal Savings
Bank.

    

    “Deferred Amount” means that
portion of a Participant’s Performance Award, between $2,000 and 50% of such
Award up to but not exceeding $100,000, which the Participant elects to defer
under the terms of this Plan.

    

    “Deferred Account” or
“Account” means the ledger entry established in accordance with ARTICLE
III, which entry shall represent the Company’s unsecured and unfunded promise to
pay the amount of benefits set forth by such entry.

    

    “Disability” means a
disability under the terms of any long-term disability plan maintained by the
Company.

    

    “Distribution Date” means by
the second business day following the regularly scheduled January board meeting
following the last day of each Mandatory Deferral Period.

    

    “Employee” means a common law
Employee of the Company paid from the Company payroll account.

    

    “Mandatory Deferral Period”
means the consecutive thirty-six month period beginning on the applicable Award
Payment Date and ending at midnight on the applicable December 31st.  For purposes of
this definition, the Award Payment Date shall be deemed to be the December 31
following the Performance Period to which the deferred Award under the Short
Term Performance Plan relates.

    

    “Officer” means only those
certain salaried Employees of the Company who are administrative executives in
continuous service with the Company employed by the Company in one of the
following job classifications: Chairman, Chief Executive Officer, President,
Executive Vice-President, Senior Vice-President, First Vice-President,
Vice-President, Assistant Vice-President, and Assistant Cashier.

    

    “Participant” means a common
law Employee paid from the Company payroll account who is an Officer classified
as Chairman, Chief Executive Officer, President, Executive Vice-President,
Senior Vice-President or First Vice President and who has been designated by the
Committee as eligible to participate in this Plan and who has satisfied all of
the threshold eligibility criteria applicable to this Plan.

    

    “Plan” means the Capitol
Federal Financial Deferred Incentive Bonus Plan.

    

    “Plan Year” means the Company
fiscal year ending each September 30th.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    “Retirement” means, for all
Plan purposes other than the Plan’s change of control provision, a termination
of employment from the Company on or after attainment of age 65.

    

    “Section 409A” means Section
409A of the Code and the regulations and guidance of general applicability
issued thereunder.

    

    “Senior Manager” means a
Company Officer classified as Chairman, Chief Executive Officer, President,
Executive Vice-President, Senior Vice-President or First
Vice-President.

    

    “Separation from Service”
means the termination of employment with the Company and all Affiliated
Companies. The term includes, but is not limited to, termination of employment
due to a Participant’s death, Disability, Retirement, discharge (with or without
cause), or voluntary termination. The term shall not include any temporary
absences due to vacation, sickness, or other leaves of absence granted to
Participant by the Company. A Separation from Service shall not be deemed to
occur, however, upon a transfer involving any combination of the Company and any
Affiliated Company. No termination of employment shall constitute a “Separation
from Service” unless the termination event also constitutes a “separation from
service” within the meaning of Section 409A and the final
regulations thereunder, taking into account the rules and presumptions provided
for therein.

    

    “Short Term Performance Plan” or
“STPP” means the incentive bonus arrangement sponsored and maintained by
the Company for the benefit of eligible Officers. The Short Term Performance
Plan is incorporated herein by reference.

    

    “Sole Discretion” means the
right and power to decide a matter, which may be exercised arbitrarily at any
time and from time to time.

    

    “Subsidiary” means a
corporation or other business entity in which CFF directly or indirectly has an
ownership interest of 80 percent or more.

    

    “Taxable Year” means the
12-month period beginning January 1.

    

    

    ARTICLE
III -- PARTICIPATION

    

    Section 3.01. Eligibility. In
order to become a Participant in this Plan and defer Performance Awards granted
under the STPP under this Plan, a Senior Manager must satisfy each of the
following conditions:

    

    
      	
               
      

            	
              A.

            	
              Participation In The
      STPP. In order to be eligible for participation in this Plan, a
      Senior Manager must be eligible for, and an Active Participant in, the
      STPP.

            

    

    

    
      	
               
      

            	
              B.

            	
              Committee
      Designation. In addition to eligibility and participation in the
      STPP, a Senior Manager must be specifically designated as eligible to
      defer under this Plan. The Committee shall have the unrestricted right and
      power, which may be exercised in its Sole Discretion and at any time and
      from time to time, to designate Senior Managers who are eligible to
      participate in this Plan. The Committee also shall have the right, in its
      Sole Discretion, to terminate an individual’s future participation in this
      Plan, but only to the extent permitted by Section 409A. If an individual’s
      participation in this Plan is terminated, the Participant (or
      Participant’s Beneficiary) shall be entitled to receive the Participant’s
      Account at the time and in the manner determined under Article
      V.

            

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              C.

            	
              Timely Deferral
      Election. In addition to the criteria set forth above,
      participation in this Plan shall only be possible if the Senior Manager
      has timely executed and filed with the Committee the appropriate deferral
      election forms. Deferral election forms shall be considered timely filed
      only if they are properly completed, executed, and filed with the
      Committee in accordance with Committee rules and the provisions of Section
      3.02.

            

    

    

    Section 3.02. Incentive Bonus
Deferral Agreements. For each Taxable Year (or portion of the Taxable
Year after entry into the Plan), each Participant may elect to execute a
deferral election agreement with respect to an Award at such time and in such
form and manner as the Committee may from time to time prescribe for such
purpose; provided, however, that in the case of a Senior Manager newly eligible
to participate in the Plan, the Committee shall not prescribe a time later than
30 days after the date the Senior Manager is first eligible to participate in
this Plan for such Senior Manager to make a deferral election for that taxable
year. Any
such election by a Participant to reduce the Participant’s compensation shall
only apply to compensation attributable to services to be performed by the
Participant in a Plan Year that commences after the date of the Participant’s
deferral election; provided, however, that in the case of an election to defer
any performance-based compensation (within the meaning of Section 409A) payable
with respect to services performed over a period of at least 12 months, such
election must be made no later than 6 months before the end of such period.
All calculations of the dollar amount of an Award shall be determined
under the terms of the STPP.

    

    The terms of any such deferral election
agreement shall provide that the Participant agrees to accept a reduction in
compensation from the Company with respect to an Award. The agreement
shall be irrevocable by the Participant during the Plan Year in which the
services are performed and each subsequent Plan Year, unless the Participant
enters into a new agreement prior to the beginning of the Plan Year for which
the change is to be effective. All elections, including modifications and
revocation, shall be made upon such terms and conditions and at such time and in
such manner as the Committee may from time to time determine in its Sole
Discretion. The agreement shall automatically terminate upon the termination of
this Plan, upon a Participant’s Separation from Service.

    

    Section 3.03. Limitations on
Deferrals. The Chairman, Chief Executive Officer, President, Executive
Vice-Presidents or Senior Vice-Presidents may elect to defer amounts of not less
than two thousand dollars ($2,000.00), up to an amount equal to fifty percent
(50%) of the Participant’s anticipated Performance Award for the upcoming
performance year; provided, however, that the amount of a single deferral may
not exceed one hundred thousand dollars ($100,000.00). First Vice-Presidents may
elect to defer amounts of not less than two thousand dollars ($2,000.00), up to
an amount equal to thirty five percent (35%) of the Participant’s anticipated
Performance Award for the upcoming performance year; provided, however, that the
amount of a single deferral may not exceed one hundred thousand dollars
($100,000.00).  No deferred amount may be distributed or withdrawn
except as provided in Article V, and no deferral under the Plan shall continue
past the applicable Distribution Date.

    

    

    ARTICLE
IV -- DEFERRED ACCOUNTS

    

    Section 4.01. Deferred
Account. The Deferred Amount described in Section 3.03 above shall be
credited to the Participant’s Deferred Account.

    

    
      	
               
      

            	
              A.

            	
              To
      the extent the Company is required to withhold any taxes or other amounts
      from the Deferred Amount pursuant to any federal, state, or local law,
      such amounts shall be taken out of the portion of the Participant’s Award
      or other Compensation not deferred under this
      Plan.

            

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              B.

            	
              The
      Company shall match each Deferred Amount by an amount equal to 50% of such
      Deferred Amount for The Chairman, Chief Executive Officer, President,
      Executive Vice-Presidents or Senior Vice-Presidents and 35% of such
      Deferred Amount for First-Vice-Presidents; provided, however, that such
      match shall be subject to forfeiture and shall be forfeited if the
      Participant terminates service with the Company at any time for any
      reason, including death, Disability, Retirement, or an Approved Reason,
      during the applicable Mandatory Deferral
Period.

            

    

    

    Section 4.02. Vesting. Each
Participant shall be fully vested in the Participant’s Deferred Amount. However,
Participants shall only become vested in the Company matching amount (credited
to the Deferred Amount at the commencement of the Mandatory Deferral Period) if
the Participant remains continuously employed with the Company during the
Mandatory Deferral Period and is so employed on the applicable Distribution
Date.

    

    Section 4.03. Increases to the
Account. The Participant’s Deferred Account shall be increased by an
earnings factor. The earnings factor shall equal the amount that the
Participant’s Deferred Account would have increased if, immediately following
addition to the Account of the deemed Company match, the Account had been
invested in the common stock of Capitol Federal Financial (“CFFN”) and that
position had been held through the last December 31st of the Mandatory Deferral
Period.

    

    
      	
               
      

            	
              A.

            	
              In
      order to establish an initial value for the Account at the commencement of
      the Mandatory Deferral Period, the Committee shall utilize the closing
      price of CFFN as of the December 31st immediately preceding the applicable
      Award Payment Date and shall deem the entire Account (including the
      forfeitable Company match) to be 100% invested in CFFN at such price. If,
      as of the December 31st immediately preceding the end of the Mandatory
      Deferral Period, the closing market price for CFFN is greater than the
      initial Value, the difference in value shall be converted to cash, added
      to the Account and paid on the Distribution Date along with the Deferred
      Amount, the Company match, and the Dividend
  Equivalents.

            

    

    

    
      	
               
      

            	
              B.

            	
              The
      Committee shall credit the Account with an amount appropriate to reflect
      dividends actually paid on Capitol Federal Financial common stock during
      the Mandatory Deferral Period (Dividend Equivalents). Dividend Equivalents
      shall be credited to the Account as of the time dividends are actually
      paid on CFFN and shall be treated as additional units of CFFN; provided,
      however, that, notwithstanding anything hereinabove to the contrary,
      Dividend Equivalents shall be valued and paid based only upon the CFFN
      closing price as of the December 31st immediately preceding the end of the
      Mandatory Deferral Period.

            

    

    

    
      	
               
      

            	
              C.

            	
              Notwithstanding
      anything to the contrary, the Company shall not be obligated to acquire
      any interest in any fund or investment option and any asset that may be
      acquired in order to provide a means for payment of any liability shall
      remain the property of the Company.

            

    

    

    Section 4.04. Statement of
Account. The Committee shall submit to each Participant, within 90 days
after the close of each Plan Year, a statement setting forth the balance to the
credit of each Participant of his or her Deferred Account.

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    ARTICLE
V -- BENEFITS

    

    Section 5.01. General. With
respect to each Deferred Amount contributed to a Participant’s Deferred Account
hereunder, if the Participant remains continuously employed by the Company
during the applicable Mandatory Deferral Period and is so employed on the
applicable Distribution Date, the portion of the Participant’s Deferred Account
attributable to such Deferred Amount that the Participant is entitled to receive
as of such Distribution Date (including any earnings and/or Company match
credited to the Participant’s Deferred Account with respect to such Deferred
Amount in accordance with Article IV hereof) will be paid to the Participant in
a single lump sum payment on the applicable Distribution Date.

    

    Section 5.02. Separation from
Service. With respect to each Deferred Amount contributed to a
Participant’s Deferred Account hereunder, if the Participant incurs a Separation
from Service due to death, Disability, or any other reason at any time before
the applicable Distribution Date, the portion of the Participant’s Deferred
Account attributable to such Deferred Amount that the Participant is entitled to
receive as of the date of such Separation from Service shall be paid to the
Participant in a single lump sum payment as soon as administratively practicable
on or after the earlier of (i) the first day of the Taxable Year after the
Taxable Year in which the Participant incurs such Separation from Service, or
(ii) the date that would have been the applicable Distribution Date with respect
to such Deferred Amount had the Participant remained continuously employed by
the Company during the applicable Mandatory Deferral Period and on such
Distribution Date (the “Payment Date”); provided, however, that payment
hereunder shall not occur later than the later of (i) the end of the calendar
year in which the Payment Date occurs, or (ii) the 15th day of the third
calendar month after the Payment Date occurs; and provided
further that if the Participant is at the time of his Separation from Service a
“Specified Employee” (as that phrase is defined in Section 409A), then no
payment shall be made before the 185th day following
the date of the Participant’s Separation from Service, except upon his earlier
death.  Notwithstanding the foregoing, in the event of a
distribution described in this Section 5.02, no match or earnings described in
Article IV hereof shall be payable to the Participant, and the Participant shall
not be entitled to receive an amount greater than such Deferred
Amount.  In the event a Participant entitled to receive payment in
accordance with Section 5.02 dies before receipt of such payment, such payment
shall be paid to the Participant’s Beneficiary.

    

    Section 5.03. Beneficiary
Designation. The Beneficiary of a Participant shall be the person,
persons, entity, or entities designated by the Participant on a beneficiary
designation form provided by the Committee. A Participant shall have the right
to change his or her Beneficiary designation at any time; provided, however,
that no change of a Beneficiary shall be effective until received by the
Committee. All Beneficiary designations, and any amendments and revocations
thereto, shall be made upon such form or forms and in such manner as the
Committee may from time to time direct. In the event a Participant dies without
having a Beneficiary designation in force, or in the event no named Beneficiary
is alive or is in being at the time, all payments due hereunder shall be paid
the Participant’s surviving spouse, if any. If the Participant leaves no
surviving spouse then such payment shall be made to the Participant’s
estate.

    

    

    ARTICLE
VI -- RESERVED

    

    ARTICLE
VII -- SOURCE OF BENEFITS

    

    Section 7.01. Source of
Benefits. Amounts payable hereunder shall be paid exclusively from the
general assets of the Company. The Company’s obligation under this Plan shall
constitute a mere promise to pay benefits in the future, and no person entitled
to payment hereunder shall have any claim, right, security interest, or other
interest in any fund, trust, account, insurance contract, or other asset of
the

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    Company.
The Company is not obligated to invest in any specific assets or fund, but it
may invest in any asset or assets it deems advisable in order to provide a means
for the payment of any liabilities under this Plan. Each Participant shall be an
unsecured general creditor of the Company and shall have no interest whatsoever
in any such assets or fund. The Company’s liability for the payment of benefits
hereunder shall be evidenced only by this Plan.

    

    ARTICLE
VIII -- ADMINISTRATION OF THIS PLAN

    

    Section 8.01. Appointment of
Committee. This Plan shall be administered under the supervision of a
Committee. It shall be a principal duty of the Committee to see that this Plan
is carried out in accordance with its terms. The Committee shall have full power
to administer this Plan in all of its details, subject, however, to the
requirements of the Code, and other applicable laws. For this purpose, the
Committee’s powers shall include, but are not limited to, the authority, in
addition to all other powers provided by this Plan, to:

    

    
      	
               
      

            	
              A.

            	
              Determine
      in its discretion the eligibility of any Officer to participate in this
      Plan and of any individual to receive benefits under this
      Plan;

            

    

    

    
      	
               
      

            	
              B.

            	
              Exercise
      its discretion in making interpretations regarding the terms of this Plan
      and its interpretations to be final and conclusive on all persons claiming
      benefits under this Plan;

            

    

    

    
      	
               
      

            	
              C.

            	
              Compute
      and implement the proper deferral limitations and compute amounts payable
      for any Participant in accordance with the provisions of this Plan, the
      manner and time of payment and to determine and authorize the person or
      persons to whom such payments will be
paid;

            

    

    

    
      	
               
      

            	
              D.

            	
              Receive
      claims for benefits and render decisions respecting such claims under this
      Plan;

            

    

    

    
      	
               
      

            	
              E.

            	
              Make
      and enforce such rules and regulations as it deems necessary or proper for
      the efficient administration of this
Plan;

            

    

    

    
      	
               
      

            	
              F.

            	
              Appoint
      such agents, specialists, legal counsel, accountants, actuaries,
      consultants, or other persons as the Committee deems advisable to assist
      in administering this Plan;

            

    

    

    
      	
               
      

            	
              G.

            	
              Allocate
      and delegate its responsibilities under this Plan and to designate other
      persons to carry out any of its responsibilities under this Plan, any such
      allocation, delegation, or designation to be in
  writing;

            

    

    

    
      	
               
      

            	
              H.

            	
              Be
      responsible for all reporting and disclosure requirements for this Plan
      under the law;

            

    

    
      	
               
      

            	
              I.

            	
              Receive
      from the Company, Participants and other persons such information as shall
      be necessary for the proper administration of this
  Plan;

            

    

    

    
      	
               
      

            	
              J.

            	
              Furnish
      to the Company upon request, such reports with respect to the
      administration of this Plan as are reasonable and appropriate;
      and

            

    

    

    
      	
               
      

            	
              K.

            	
              Maintain
      all records of this Plan.

            

    

    

    Section 8.02. Examination of
Records. The Committee shall make available to each Participant and his
duly authorized representative, such of the records under this Plan as pertain
to him, for examination at reasonable times during normal business
hours.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    Section 8.03. Committee. The
Committee shall act by a decision of a majority. Any such action by the
Committee may be taken either at a meeting or in writing signed by all Committee
members without a meeting. Notwithstanding the foregoing, the Committee may, by
written authorization, empower any member of the Committee to individually
execute any document or documents on behalf of the Committee, such authorization
to remain in effect until revoked by the Committee. The Committee shall elect
one of its members as chairman, appoint a secretary, who may or may not be a
Committee member and advise the Company of such actions in writing. The
secretary shall keep a record of all meetings, actions, and data necessary for
the proper administration of this Plan and shall forward all necessary
communications to the Company, the Participants or other necessary person. A
dissenting Committee member who, within a reasonable time after he has knowledge
of any action or failure to act by majority, registers his dissent in writing
delivered to the other Committee members and the Company shall not be
responsible for any such action or failure to act.

    

    Section 8.04. Reliance on
Certificates, etc. The members of the Committee and the officers and
directors of the Company shall be entitled to rely on all certificates and
reports made by any duly appointed accountants and on all opinions given by any
duly appointed legal counsel. Such legal counsel may be counsel for the
Company.

    

    

    ARTICLE
IX -- AMENDMENT

    

    Section 9.01. Right to Amend.
The Board of Directors reserves the right, at will, at any time and from
time to time, to modify, alter, or amend this Plan (including without limitation
a retroactive modification, alteration, or amendment), in whole or in part, and
any such modification, alteration, or amendment shall be binding upon the
Company, Participants, and all other persons; provided, however, that no
amendment will reduce the amount then credited to the Participant’s Deferred
Account without the Participant’s written consent; provided, further, however,
that no consent shall be required and the Board of Directors shall have the
right to modify, alter, or amend this Plan (including a retroactive
modification, alteration, amendment, or reduction in a Participant’s Deferred
Account), if it determines in its Sole Discretion that such amendment is
necessary to comply with applicable law, which shall include, but shall not be
limited to, the right to apply any prospective or retroactive amendment
necessary to keep this Plan an unfunded employee benefit plan described in
Sections 201(2), 301(a)(3), and 401(a)(1) of ERISA or to comply with Section
409A or any other applicable provision of the Code or ERISA or any judicial or
administrative guidance interpreting such provisions.

    

    

    ARTICLE
X -- TERMINATION

    

    Section 10.01. Termination of
Plan. The Company has established this Plan with the bona fide intention
and expectation that it will be continued indefinitely, but the Company will
have no obligation whatsoever to maintain this Plan for any given length of time
and may at will, and at any time, discontinue or terminate this Plan in whole or
in part.

    

    Section 10.02. Termination
Procedures. Upon termination of this Plan, the Company shall give notice
of the same to all Participants, the Committee, and any other affected person.
Further, upon termination of this Plan, all elections related to this Plan shall
terminate, and payment of a Participant’s Deferred Account shall be made at the
time and in the manner provided in Article V. Notwithstanding
anything in this Plan to the contrary, the Plan shall not be permitted to
terminate unless all of the conditions set forth in Section 409A pertaining to
voluntary plan terminations are satisfied.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    Section 10.03. Effect of Complete
Liquidation, Reorganization, or Change of Control.

    

    
      	
               
      

            	
              A.

            	
              Complete
      Liquidation. If the stockholders of the Company adopt a plan of complete
      liquidation (other than a plan which is part of a plan of reorganization
      described in Subsection B. hereof), the Plan shall be deemed to have been
      terminated as of the date the plan of liquidation is adopted. The rights
      of affected Participants upon such a liquidation shall be determined under
      the provisions of Sections 10.01 and 10.02 relative to a complete
      termination.

            

    

    

    
      	
               
      

            	
              B.

            	
              Reorganization.
      If the Company effectuates a merger, consolidation, or other transaction
      constituting a reorganization with another corporation or corporations,
      pursuant to which the shares of common stock of Company will be
      surrendered in exchange for the stock of another corporation (the
      “Surviving Corporation”) then this Plan shall be deemed to have been
      terminated as of the date the plan of reorganization is adopted. No
      termination shall occur, however, if express provisions are made for the
      continuance of this Plan in accordance with the terms hereof except the
      word “Company” shall mean and refer to the Surviving Corporation from and
      after the effective date of such
reorganization.

            

    

    

    Notwithstanding
the foregoing, the Plan shall not be terminated pursuant to this Section 10.03
unless the termination would be permitted under Section 409A.

    

    Section 10.04. Change in Control.
Notwithstanding any provision contained in the Plan to the contrary, the
provisions of this Section 10.04 shall control over any contrary provision. All
Participants shall be eligible for the treatment afforded by this Section if
they incur a Separation from Service within two years following a Change In
Control, unless the Separation from Service is due to (a) Death; (b) Disability;
(c) Cause; (d) resignation other than (1) resignation from a declined
reassignment to a job that is not reasonably equivalent in responsibility or
compensation, or that is not in the same geographic area, or (2) resignation
within thirty days of a reduction in base pay; or (e) retirement.

    

    
      	
               
      

            	
              A.

            	
              If
      a Participant qualifies for treatment under this Section, he or she shall
      immediately become fully vested in his or her Deferred Account. Such
      Account shall be paid, as soon as practicable but in no event later than
      90 days after the date the Participant incurs a Separation from
      Service.

            

    

    

    
      	
               
      

            	
              B.

            	
              Upon
      a Change In Control, no action, including, but not by way of limitation,
      the amendment, suspension, or termination of the Plan, shall be taken
      which would affect the rights of any Participant or the operation of the
      Plan with respect to any Account to which the Participant may have become
      entitled hereunder prior to the date of the Change In Control or to which
      he or she may become entitled as a result of such Change In
      Control.

            

    

    

    

    ARTICLE
XI -- RESTRICTIONS ON ALIENATION OF BENEFITS

    

    Section 11.01. Restrictions on
Alienation. Until the actual receipt of any benefit under this Plan by a
Participant or Beneficiary, no right or benefit under the Plan shall be subject
in any manner to anticipation, alienation, sale, assignment, transfer, pledge,
encumbrance, garnishment, execution, levy, or charge of any kind, whether
voluntary or involuntary, including assignment or transfer to satisfy any
liability for alimony or other payments for property settlement or support of a
spouse or former spouse or other relative of a Participant or Beneficiary,
whether upon divorce, legal separation, or otherwise. Any attempt to anticipate,
alienate, sell, assign, transfer, pledge, encumber, garnish, execute upon, levy
upon,

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    or charge
any right or benefit under the Plan shall be void. No right or benefit hereunder
shall in any manner be liable for or subject to the debts, contracts,
liabilities, engagements, or torts of the person entitled to such benefit, and
no right or benefit hereunder shall be considered an asset of such person in the
event of his or her divorce, insolvency, or bankruptcy. To the extent permitted
by law, the rights of a Participant or Beneficiary hereunder shall not be
subject in any manner to attachment or other legal process for the debts of such
Participant or Beneficiary.

    

    

    ARTICLE
XII -- CLAIMS PROCEDURE

    

    Section 12.01. Claims. Benefit
claim determinations arising under this Plan shall be made in accordance with
the provisions of this Article and procedures established by the Committee.
These claim procedures are designed to establish reasonable processes and
safeguards to ensure that benefit claim determinations are made in accordance
with the provisions thereof and, where appropriate, Plan provisions have been
applied consistently with respect to similarly situated claimants. All claims
for or relating to benefits whether made by a Participant or other person shall
be in writing addressed and delivered to the Committee, at the Committee’s main
office, and such claim shall contain the claimant’s name, mailing address, and
telephone number, if any, and shall identify the claim in a manner reasonably
calculated to make the claim understandable to the Committee.

    

    Section 12.02. Claims Review.
If a claim is wholly or partially denied, the Committee shall within a
reasonable period of time, not to exceed 90 days (45 days in the case of a claim
involving disability benefits), notify the claimant in writing of any adverse
benefit determination, unless the Committee determines that special
circumstances require an extension of time for processing the claim. If the
Committee determines that an extension of time for processing the claim is
necessary, written notice of the same shall be provided to the claimant prior to
the expiration of the 90-day period (45-day period in the case of a claim
involving disability benefits), and shall indicate the special circumstances
which require the extension of time and the date by which the Committee expects
to render the determination. The extension of time shall not exceed a 90-day
period of time (30-day period in the case of a claim involving disability
benefits), beginning at the end of the initial 90-day period (45-day period in
the case of a claim involving disability benefits). In case of a disability
claim, the Committee may determine that, due to matters beyond the control of
the Plan, a second 30-day extension is necessary. In such case, the Committee
shall notify the claimant before the expiration of the first 30-day extension
period of the circumstances requiring the extension and the date by which the
Plan expects to render a decision. In the case of a disability notice of
extension, the notice must explain the standards on which entitlement to a
benefit is based, the unresolved issues that prevent a decision, the additional
information needed to resolve the issue, and that the claimant has at least 45
days to provide the specified information. The Committee’s notice shall be
written in a manner calculated to be understood by the claimant and shall set
forth:

    

    
      	
               
      

            	
              A.

            	
              The
      specific reason or reasons for the
denial;

            

    

    

    
      	
               
      

            	
              B.

            	
              Specific
      reference to pertinent Plan provisions on which the denial is
      based;

            

    

    

    
      	
               
      

            	
              C.

            	
              A
      description of any additional material or information necessary for the
      claimant to perfect the claim, together with an explanation of why such
      material or information is necessary;
and

            

    

    

    
      	
               
      

            	
              D.

            	
              An
      explanation of the claim review procedure set forth in Sections 12.03 and
      12.04 below (including a statement of the claimant’s right to bring a
      civil action under ERISA Section 502(a) following an adverse benefit
      determination).

            

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    

    Section 12.03. Appeal of Claim
Denial. A claimant or the claimant’s duly authorized representative shall
have 60 days within which to appeal an adverse benefit determination to the
Committee. During the pendency of the review, the following provisions shall
apply:

    

    
      	
               
      

            	
              A.

            	
              The
      claimant shall have the opportunity to submit written comments, documents,
      records and other information relating to the claim to the Committee;
      and

            

    

    

    
      	
               
      

            	
              B.

            	
              The
      claimant shall be provided, upon request and free of charge, reasonable
      access to and copies of, all documents, records and other relevant
      information relating to the claim for
benefits.

            

    

    

    Section 12.04. Review on Appeal.
A decision on review shall be rendered within a reasonable period of
time, not to exceed 60-days after the claimant’s request for review, unless the
Committee determines that special circumstances require an extension of time for
processing the appeal. If the Committee determines that an extension of time for
processing the appeal is necessary, written notice of the extension shall be
furnished to the claimant prior to the expiration of the 60 day period, and
shall indicate the special circumstances requiring the extension and the date by
which the Committee expects to render the determination. The extension of time
shall not exceed a 60-day period of time beginning at the end of the initial
60-day period. For purposes of this Section 12.04, in the case of a claim
involving disability benefits, 45 days shall apply instead of 60 days. The
Committee’s decision on review shall be communicated in writing to the claimant
and, if adverse, shall take into account all comments, documents, records and
other information submitted by the claimant (without regard to whether such
information was submitted or considered in the initial benefit determination).
The decision on review shall be in a written manner calculated to be understood
by the claimant and shall set forth the following:

    

    
      	
               
      

            	
              A.

            	
              The
      specific reason or reasons for the adverse
  determination;

            

    

    

    
      	
               
      

            	
              B.

            	
              Specific
      reference to pertinent plan provisions on which the benefit determination
      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 to the claimant’s claim for benefits;
      and

            

    

    

    
      	
               
      

            	
              D.

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

            

    

    

    Section 12.05. Litigation of Claim.
Prior to initiating legal action concerning a claim in any court, state
or federal, against this Plan, any trust used in conjunction with this Plan, the
Company, or the Committee, a claimant must first exhaust the administrative
remedies provided in this Article XII. Failure to exhaust the administrative
remedies provided for in this Article XII shall be a bar to any civil action
concerning a claim for benefits under the Plan.

    

    

    ARTICLE
XIII -- MISCELLANEOUS

    

    Section 13.01. Payments Net of
Withholding and Other Amounts. All payments under this Plan shall be net
of any amount sufficient to satisfy all federal, state, and local withholding
tax requirements, and shall also be net of all amounts owed by Participant, or
Beneficiary or other recipient, to the Company.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    Section 13.02. No Guarantee of
Interests. Neither the Company nor any affiliated entity (as defined in
the Code), nor the Committee (nor any of its members) may guarantee the payment
of any amounts which may be or become due to any person or entity under this
Plan. The liability of the Company to make any payment under this Plan is
limited to the then existing assets of the Company.

    

    Section 13.03. Company Records.
Records of the Company as to any Employee or Participant shall be
conclusive on all persons.

    

    Section 13.04. Evidence.
Evidence required of anyone under this Plan may be by certificate,
affidavit, document, or other information which the person or entity acting on
such evidence considers pertinent and reliable, and signed, made, or presented
by the proper party or parties.

    

    Section 13.05. Notice. Except
as otherwise provided in this Plan, any notice or communication required to be
given herein by any Participant, the Company, or Committee shall be deemed given
when delivered or when placed in the United States mail, postage prepaid, in an
envelope addressed to the last address of the person to whom the notice is being
given which was communicated in writing to the person giving such
notice.

    

    Section 13.06. Change of Address.
Any party may, from time to time, change the address to which notices
shall be mailed by giving written notice of such new address.

    

    Section 13.07. Effect of Provisions.
The provisions of this Plan shall be binding upon the Company and its
successors and assigns, and upon Participant, his/her Beneficiary, assigns,
heirs, executors, and administrators.

    

    Section 13.08. Other Benefits and
Plans. The benefits provided for Participant and his/her Beneficiary
hereunder are in addition to any other benefits available to Participant under
any other program or plan of the Company, and, except as may otherwise be
expressly provided for, this Plan shall supplement and shall not supersede,
modify, or amend any other program or plan of the Company or
Participant.

    Section 13.09. Severability Clause.
If any provision of this Plan is held to be invalid or unenforceable,
such determination shall not affect the validity of this Plan or the other
provisions of this Plan. In such event, this Plan shall be construed and
enforced as if such provision had not been included therein; provided, that,
nothing shall increase the Company’s liability for payment of benefits in any
amount beyond the amounts specified in this Plan.

    

    Section 13.10. Minors and
Incompetents. If any person to whom a benefit is payable by the Company
is legally incompetent, either by reason of age or by reason of mental or
physical disability, the Company is authorized to cause the payments becoming
due to such person to be made to another for his benefit without responsibility
of the Company, Committee or the Board of Directors to see to the application of
such payments. Payments made pursuant to this authority shall constitute a
complete discharge of any duty hereunder of the Company, Committee, and the
Board of Directors.

    

    Section 13.11. Limitation of Rights.
Neither the establishment of this Plan nor any amendment thereof will be
construed as giving any Employee or other person any legal or equitable right
against the Committee, Company, its Officers, directors, stockholders, except as
expressly provided herein, and in no event will the terms of employment or
service of any Employee be modified or in any way be affected
hereby.

    

    Section 13.12. Information to be
Furnished. Each Participant shall provide the Company
and

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    Committee
with such information and evidence, and shall sign such documents, as may
reasonably be requested from time to time for the purpose of administration of
this Plan.

    

    Section 13.13. Word Usage.
Wherever any words are used herein in the masculine or neuter gender,
they shall be construed as though they were used in the feminine, masculine or
neuter gender, as the context may require, and vice versa, and wherever any
words are used herein in the singular form they shall be construed as though
they were also used in the plural form, as the context may require, and vice
versa.

    

    Section 13.14. Erroneous Payments.
If any Participant receives any amount of benefits that the Committee in
its sole discretion later determines the Participant was not entitled to receive
under the terms of the Plan, such Participant shall be required to make
reimbursement to the Plan. In addition, the Committee shall have the right to
offset any future claims for benefits under the Plan against amounts that the
Participant was not otherwise entitled to receive.

    

    Section 13.15. Indemnification by
Company. The Company shall indemnify and save harmless each member of its
Board of Directors, each Committee member, and any employee of the Company, from
and against losses resulting from liability which they may be subjected by
reason of any act or conduct (except willful or wanton misconduct) in their
official capacities in the administration of this Plan. Expenses shall include
the amount of any settlement or judgment, costs, counsel fees, and related
charges reasonably incurred in connection with a claim asserted, or a proceeding
brought in settlement thereof. The foregoing right of indemnification shall be
in addition to any other rights to which any such person may be entitled as a
matter of law.

    

    Section 13.16. Headings. The
titles and heading of Articles and Sections are included for convenience of
reference only and are not to be considered in the construction of the
provisions of this Plan.

    

    Section 13.17. No Contract of
Employment. Nothing contained herein shall be construed to constitute a
contract of employment between any employee and any employer. Nothing herein
contained shall be deemed to give any employee the right to be retained in the
employ of an employer or to interfere with the right of the employer to
discharge any employee at any time without regard to the effect such discharge
might have on the employee as a Participant under this Plan.

    

    Section 13.18. Governing Law.
It is the Company’s intention that the Plan comply with and satisfy the
applicable provisions of the Code and ERISA, including, but not limited to,
Section 409A, and, consistent with such provisions of the laws of the United
States of America and in all other respects, the Plan and all agreements entered
into under the Plan shall be governed, construed, administered, and regulated in
accordance with the laws of the State of Kansas, without regard to the
principles of conflicts of law, to the extent such laws are not preempted by the
laws of the United States of America. Any action concerning the Plan or any
agreement entered into under the Plan shall be maintained exclusively in the
state or federal courts in Topeka, Kansas.

    

    Section 13.19. No Acceleration.
Except as otherwise permitted by law, no interpretation, modification,
alteration, amendment, or complete or partial termination of the Plan or any
provision of the Plan shall cause or permit acceleration of the time or schedule
of any payment under the Plan, unless the acceleration is permitted by Section
409A.

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    

    IN WITNESS WHEREOF, this amended and
restated Plan is executed this _24th___ day of __February _________, 2009, to be
effective (to the extent
required by Section 409A) as of January 1, 2005.

    

    

    CAPITOL
FEDERAL FINANCIAL

    

    /s/ John
B. Dicus

    __________________________

    John B.
Dicus

    Chairman

    

    
      
         

      

      
        14

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