POLONIA BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR ANTHONY J. SZUSZCZEWICZ SECTION 409A COMPLIANCE AMENDMENT

This Amendment to the Polonia Bank Supplemental Executive Retirement Plan for Anthony J. Szuszcewicz (the “Plan”) is made as of December 16, 2008 and is effective as of January 1, 2005.

WHEREAS, the parties to the Plan desire to amend the Plan to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended.

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree to amend the Plan by adding the following new Section 10:

“10.         Application of Section 409A .

(i)           This Section 10 shall apply only to that portion of the Participant’s Accrued Benefit that accrued and vested (or will accrue and vest) after December 31, 2004.  With respect to any portion of a Participant’s Accrued Benefit that was accrued and vested prior to January 1, 2005, the provisions of the Plan in effect prior to the addition of this Section 10 shall remain in effect, and it is intended that Section 409A not apply to that portion of the Participant’s Accrued Benefit.

(ii)          The Participant will be deemed to have a termination of employment or service for purposes of determining the timing of any payments under the Plan that are classified as deferred compensation only upon a “separation from service” within the meaning of Section 409A.

(iii)         If at the time of the Participant’s separation from service, (a) a Participant is a “specified employee” (