This Administrative Services and Facilities Agreement (“Agreement”) is made as of October 13, 2004, by and between
QUAINT OAK SAVINGS BANK, a Pennsylvania mutual savings bank (“Bank”) and Kenneth R. Gant, an individual and a Bank
Trustee with an address at 521 Saint Lawrence Way, Furlong, PA 18925 (“Affiliated Service Provider”).
A. Bank requires the performance of the following services: Office & Clerical Support & other services as requested
B. Affiliated Service Provider is willing to provide the Services on terms agreeable to the Bank.
NOW THEREFORE, in consideration of the premises and mutual obligations contained herein, and intending to be legally
bound, the parties hereto agree as follows:
1. Provision of Services. Affiliated Service Provider will provide the services at such times, and in such manner, as
Bank may reasonably request and require from time to time. If Affiliated Service Provider is an individual, he or she shall not be
deemed an employee because of this Agreement, but shall be engaged as an extension of the Trustee position. Bank and
Affiliated Service Provider are not partners or joint venturers in connection with the Services to be performed.
2. Term. This Agreement shall remain in effect until terminated upon the mutual written consent of the parties
hereto. Either party may terminate this Agreement at any time upon written notice to the other party. Notwithstanding
termination of this Agreement: (i) Affiliated Service Provider shall complete the performance of any Services engaged by Bank
prior to the termination of this Agreement; and (ii) Bank shall pay Affiliated Service Provider for any Services performed
pursuant to this Agreement.
3. Compensation. In consideration of the Services, Bank shall pay Affiliated Service Provider compensation in the
amounts and on the terms set forth on E