EXHIBIT 10.17
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                     AGREEMENT TO AMEND CONSULTING AGREEMENT

         This agreement is entered into this ___ day of December,  2006, between
___________________________  (the  "Director") and PennFed  Financial  Services,
Inc. ("PennFed").

         WHEREAS,  a  consulting  agreement  was entered  into on March 1, 2003,
between the Director and PennFed (the "Consulting Agreement").

         WHEREAS,  in  connection  with  the  merger  of  PennFed  into New York
Community  Bancorp,  Inc.  ("NYCB"),  it is  necessary  to amend the  Consulting
Agreement  to provide  for a lump sum  change in control  payment in lieu of the
monthly  benefit the  Director  would have been  entitled  to had the  Agreement
continued absent the merger.

         WHEREAS, the Director will be obligated to continue to perform services
on behalf of NYCB for the remainder of the Consulting Agreement term.

         NOW THEREFORE,  in  consideration  of the premises and mutual covenants
and conditions hereinafter set forth, the Director and PennFed agree as follows:

         1. New Section 10 shall be added to the Consulting Agreement to read as
follows:

         Section 10.       Change in Control.
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         Upon a Change in Control (as that phrase is defined in Section  409A of
the Code and the  regulations  and  guidance  of  general  applicability  issued
thereunder),  the  Consultant  shall  receive  the "Lump Sum  Change in  Control
Benefit."  The Lump Sum Change in Control  Benefit  is the  equivalent  lump sum
value of the monthly  payments the Director would be entitled to under Section 3
hereof,  assuming the  following:  (a) the  Consultant was a Director of PennFed
until the Change in Control date (the "Change in Control  Retirement Date"); (b)
the Consultant was available to perform consulting  services under the agreement
for ten years from the Change in Control  Retirement  Date; (c) the Consultant's
annual  director fees equal the annual director fees the Consultant is receiving
immediately prior to the Change in Control Retirement Date; and (d) the discount
rate used to  determine  the lump sum value is the rate  referred to in Treasury
Regulation  Section  1.280G-1,  Q&A 32 or its  successor on the first day of the
month next preceding the Change in Control Retirement Date.

         2. The other terms of the  Consulting  Agreement  shall  remain in full
force and effect.


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                                          CONSULTANT

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                                          PENNFED FINANCIAL SERVICES

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                                          By:
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