The La Porte Savings Bank
First Amendment
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                                 FIRST AMENDMENT
                                     TO THE
                            THE LA PORTE SAVINGS BANK
                            GROUP TERM CARVE OUT PLAN
                              DATED JANUARY 1, 2003


     THIS FIRST  AMENDMENT is entered into this 14th day of April,  2009, by THE
LA PORTE SAVINGS BANK (the "Company"), a state-chartered savings bank located in
La Porte, Indiana.

     The Company executed the Plan on January 1, 2003.

     Pursuant to Section 8.1, the Company hereby amends the Plan for the purpose
of removing the  post-termination  of employment benefit and providing a benefit
to participants who are currently active employees.

     Sections  1.2,  1.4,  1.7,  1.8, 1.12 and 1.13 of the Plan shall be deleted
from the Plan in its entirety.

     Section 2.3 of the Plan shall be deleted  from the Plan in its entirety and
replaced with the following:

2.3  Termination of Participation.  A Participant's rights under this Plan shall
     cease and his or her  participation  in this Plan shall terminate if either
     of the following events occur: (i) if the Participant's employment with the
     Company is terminated or (ii) the Plan is terminated  per Article 8. In the
     event that the Company decided to maintain the Policy or Policies after the
     Participant's  Termination of  Participation in the Plan, the Company shall
     be the direct  beneficiary  of the entire  death  proceeds of the Policy or
     Policies.

     Section 2.4 of the Plan shall be deleted from the Plan in its entirety.

     Section 3.1 of the Plan shall be deleted  from the Plan in its entirety and
replaced with the following:

3.1  Participant's Interest.  Unless or until the Participant's rights under the
     Plan shall  terminated  as provided  in Section  2.3,  with  respect to the
     Policy or Policies,  the  Participant or the  Participant's  assignee shall
     have the right to designate the beneficiary of the following amount:


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     3.1.1     Death Prior to Termination of  Participation.  If the Participant
               dies prior to the Participant's Termination of Participation, the
               Participant's beneficiary shall be entitled to a benefit equal to
               two (2) times Base Annual  Salary  (determined  as of the date of
               the  Participant's  death),  less  $50,000  (from  the  Company's
               existing group term plan),  capped at a maximum of $470,000 (Four
               Hundred Seventy Thousand Dollars).

     3.1.2     Death After Termination of Participation. If the Participant dies
               after  the  Participant's   Termination  of  Participation,   the
               Participant's  beneficiary  shall not be  entitled to any benefit
               under the Plan.

     Section 8.2 of the Plan shall be deleted from the Plan in its entirety.

     IN WITNESS WHEREOF, the Company has executed this First Amendment as of the
date indicated above.

                                    COMPANY:

                                    THE LA PORTE SAVINGS BANK

                                    By:    /s/ Lee A. Brady
                                           -------------------------------------
                                    Title: President and Chief Executive Officer
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