Extension Agreement between Finward Bancorp, Peoples Bank and David A. Bochnowski effective as of June 28, 2022

Exhibit 10.1

EXTENSION AGREEMENT

This EXTENSION AGREEMENT, effective as of June 28, 2022, is entered into by and between Finward Bancorp (the “Company”), the wholly-owned subsidiary of the Company, Peoples Bank, (“Peoples Bank,” and collectively with the Company, the “Bank” unless otherwise noted), and David A. Bochnowski (the “Executive”).

WHEREAS, the Company, Peoples Bank, and the Executive entered into an Employment Agreement, dated as of June 28, 2021 (the “Employment Agreement”), with a term of twelve months (the “Term”);

WHEREAS, the Executive has served as the Executive Chairman of the Bank during the Term;

WHEREAS, Paragraph 1(b) of the Employment Agreement provides that the Executive and the Bank may extend the Term of the Agreement for an additional twelve months (the “Renewal Term”) by written agreement;

WHEREAS, the Executive and the Bank desire to extend the Employment Agreement for the Renewal Term;

NOW, THEREFORE, the Parties agree as follows:

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IN WITNESS WHEREOF, each of the Company and Peoples Bank have caused this Agreement to be executed by its duly authorized officer and the Executive has signed this Agreement, effective as of June 28, 2022.