Director Fee Arrangements for 2007

Fee Agreement

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MUTUALFIRST FINANCIAL INC

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Title: Director Fee Arrangements for 2007
Date: 3/16/2007
Industry: SandLs/Savings Banks Sector: Financial

EXHIBIT 10.2

DIRECTOR FEE ARRANGEMENTS FOR 2007

Exhibit 10.2

Director Fee Arrangements for 2007

Each director of MutualFirst Financial, Inc. (the “Company”) also is a director of Mutual Federal Savings Bank (the “Bank”). For 2007, each non-employee director receives an annual fee of $26,400 for se

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