FRANKFORT FIRST BANCORP, INC./FIRST FEDERAL SAVINGS BANK
                         JUNIOR OFFICER RECOGNITION PLAN
                                 NOTICE OF AWARD

     For  service  to our  Company,  you,  ________________________,  are hereby
granted an award of 2,000 shares of Frankfort First Bancorp,  Inc.  stock.  This
stock will be transferred to you at a rate of _____ shares per ________________,
beginning  ____________________.  This  schedule was  determined by the Board of
Frankfort First Bancorp, Inc.

     You will receive dividends on all shares that have been transferred to you.
Dividends on shares not yet  transferred  to you will accrue and will be paid to
you at the time the underlying shares are transferred.

     If you voluntarily  resign,  retire,  or are terminated for cause, you will
relinquish all rights to undisbursed shares and corresponding  dividends. If you
die or become disabled,  the remaining shares and  corresponding  dividends that
have been awarded and vested will be granted  within 30 days of your last day of
service.  This plan does not  guarantee  vesting in case of change in control of
the Company.

     Shares in the plan that have not been  transferred  to you will be voted as
directed by the Board.

     Once shares are transferred to you, you may sell, transfer, or pledge those
shares as you wish,  subject to SEC and Nasdaq  requirements,  and, assuming you
remain employed by Frankfort First Bancorp,  Inc. or First Federal Savings Bank,
subject to the Company's  Policy and  Procedures for Stock Transfer for Insiders
and Employees.



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Plan Participant                                              Date



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Company Officer                                               Date