KELLER & COMPANY, INC. 555 METRO PLACE NORTH SUITE 524 DUBLIN, OHIO 43017 (614) 766-1426 (614) 766-1459 FAX March 11, 1996 The Board of Directors The Market Building and Saving Company 7522 Hamilton Avenue Cincinnati, Ohio 45231 Re: Conversion Valuation Agreement Attn: John T. Larimer, President Keller & Company, Inc. (hereinafter referred to as KELLER) hereby proposes to prepare an independent conversion appraisal of The Market Building and Saving Company, Cincinnati, Ohio (hereinafter referred to as MARKET), relating to the conversion of MARKET from a mutual to a stock institution. KELLER will provide a pro forma valuation of the market value of the shares to be sold in the proposed conversion of MARKET. KELLER is a financial consulting firm that primarily serves the financial institution industry. KELLER is experienced in evaluating and appraising thrift institutions and thrift institution holding companies. KELLER is an experienced conversion appraiser for filings with the Federal Deposit Insurance Corporation ("FDIC") and the Office of Thrift Supervision ("OTS"), and is also approved by the Internal Revenue Service as an expert in thrift stock valuations. KELLER agrees to prepare the conversion appraisal in the format required by the OTS in a timely manner for prompt filing with the OTS and the Securities and Exchange Commission, if applicable. KELLER will provide any additional information as requested and will complete appraisal updates in accordance with regulatory requirements. The appraisal report will provide a detailed description of MARKET, including its financial condition, operating performance, asset quality, rate sensitivity position, liquidity level and management qualifications. The appraisal will include a description of MARKET's market area, including both economic and demographic characteristics and trends. An analysis of other publicly-traded thrift institutions will be performed to determine a comparable group and adjustments to the appraisal value will be made based on a comparison of MARKET with the comparable group. In making its appraisal, KELLER will rely upon the information in the Subscription and Community Offering Circular (Prospectus), including the financial statements. Among other facts, KELLER will also consider the following: the present and projected operating results and financial condition of MARKET; the economic and demographic conditions in MARKET's existing marketing area; pertinent historical financial and other information relating to MARKET; a comparative evaluation of the operating and financial statistics of MARKET with those of other thrift institutions; the proposed price per share; the aggregate size of the offering of Common Stock; the impact of the Conversion on MARKET's capital position and earnings potential; MARKET's proposed dividend policy; and the trading market for securities of comparable institutions and general conditions in the market for such securities. In preparing the appraisal, KELLER will rely solely upon, and assume the accuracy and completeness of, financial and statistical information provided by MARKET, and will not independently value the assets or liabilities of MARKET in order to prepare the appraisal. Upon completion of the conversion appraisal, KELLER will make a presentation to the Board of Directors of MARKET to review the content of the appraisal, the format and the assumptions. A written presentation will be provided to each board member. For its services in making this appraisal, KELLER's fee will be a flat fee of $17,000, including out-of-pocket expenses. The appraisal fee will include the preparation of one valuation update. All additional valuation updates will be subject to an additional fee of $1,000 each. Upon the acceptance of this proposal, KELLER shall be paid a retainer of $3,000 to be applied to the total appraisal fee of $17,000, the balance of which will be payable at the time of the completion of the appraisal. MARKET agrees, by the acceptance of this proposal, to indemnify KELLER and its employees and affiliates for certain costs and expenses, including reasonable legal fees, in connection with claims or litigation relating to the appraisal and arising out of any misstatement or untrue statement of a material fact in information supplied to KELLER by MARKET or by an intentional omission by MARKET to state a material fact in the information so provided, except where KELLER has been negligent or at fault. This proposal will be considered accepted upon the execution of the two enclosed copies of this agreement and the return of one executed copy to KELLER, accompanied by the specified retainer. KELLER & COMPANY, INC. By: /S/ MICHAEL R. KELLER Michael R. Keller President THE MARKET BUILDING AND SAVING COMPANY By: /S/ JOHN T. LARIMER John T. Larimer President Date: MARCH 25, 1996 8/11/96 - 0132095.01