AMENDMENT TO THE EMPLOYMENT AGREEMENT

This Amendment (this “Amendment”) is made and entered into as of August 8, 2016, by and between Astoria Financial Corporation, a Delaware corporation (the “Company”), and Brian T. Edwards (the “Executive”).

WHEREAS, the Company and the Executive have entered into that certain Employment Agreement, dated as of January 1, 2012 (the “Employment Agreement”);

WHEREAS, the Company has entered into that certain Agreement and Plan of Merger, dated as of October 28, 2015 (the “Merger Agreement”), with New York Community Bancorp, Inc., a Delaware corporation (“Parent”), pursuant to which, at the Effective Time (as defined in the Merger Agreement), the Company will merge with and into Parent, with the Parent surviving (the “Merger”);

WHEREAS, in connection with the Merger, the Company and the Executive desire to amend the Employment Agreement as set forth herein; and

WHEREAS, Section 5.2 of the Company Disclosure Schedule (as defined in the Merger Agreement) permits the adoption of this Amendment.

NOW, THEREFORE, pursuant to Section 23 of the Employment Agreement, the Employment Agreement is hereby amended as follows, effective as of immediately prior to the Effective Time (as defined in the Merger Agreement):

Notwithstanding the foregoing, upon the occurrence of a Change of Control, the Employment Period shall automatically be extended to the second anniversary of the date of such Change of Control.

(c)    From and after a Change of Control, whether or not Executive’s employment terminates, at Executive’s election, Executive shall be entitled to purchase the automobile provided by the Association that Executive is using (or has ordered) as of October 28, 2015 at book value as reflected in the Company’s books, plus any sales tax and registration fees.

(d)    Notwithstanding the terms of the Astoria Federal Savings and Loan Association Retirement Medical and Dental Benefit

Policy for Senior Officers (Vice Presidents & Above) (the “Retiree Welfare Policy”), effective as of a Change of Control, Executive shall be considered to have satisfied the eligibility requirements of the Retiree Welfare Policy and shall be eligible to commence benefits under such policy upon or following any termination of employment thereafter based on a level of employer subsidy that credits Executive with an additional two years of age and service beyond the Executive’s age and service on the date of Executive’s termination of employment (e.g., if Executive is age 53 with 8 years of service as of the date of the Change of Control, Executive shall be eligible for benefits without regard to when Executive’s termination date occurs and upon Executive’s termination date, Executive shall be treated as being two years older than Executive’s actual age, and with two years more service than Executive’s years of service, as of the termination date).

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first written above.

Assistant Secretary

Brian T. Edwards