Sound Financial, Inc. – Indentures Watch

from SB-2/A 2 pages Number Cusip Common Stock Sound Financial, Inc. Incorporated Under the Laws of the United States of America This Certifies That Is the Owner of Fully Paid and Nonassessable Shares of Common Stock, Par Value $.01 Per Share of Sound Financial, Inc. (The "Corporation"), a Federal Corporation. the Shares Represented by This Certificate Are Transferable Only on the Stock Transfer Books of the Corporation by the Holder of Record Hereof, or by His Duly Authorized Attorney or Legal Representative, Upon the Surrender of This Certificate Properly Endorsed. This Certificate Is Not Valid Until Countersigned and Registered by the Transfer Agent and Registrar. This Security Is Not a Deposit or Account and Is Not Federally Insured or Guaranteed. in Witness Whereof, the Corporation Has Caused This Certificate to Bear the Facsimile Signatures of Its Duly Authorized Officers and to Be Sealed With the Facsimile of Its Corporate Seal. Dated Patricia Floyd Secretary Laura Lee Stewart President and Chief Executive Officer

from SB-2/A 2 pages Number Cusip Common Stock Sound Financial, Inc. Incorporated Under the Laws of the United States of America This Certifies That Is the Owner of Fully Paid and Nonassessable Shares of Common Stock, Par Value $.01 Per Share of Sound Financial, Inc. (The "Corporation"), a Federal Corporation. the Shares Represented by This Certificate Are Transferable Only on the Stock Transfer Books of the Corporation by the Holder of Record Hereof, or by His Duly Authorized Attorney or Legal Representative, Upon the Surrender of This Certificate Properly Endorsed. This Certificate Is Not Valid Until Countersigned and Registered by the Transfer Agent and Registrar. This Security Is Not a Deposit or Account and Is Not Federally Insured or Guaranteed. in Witness Whereof, the Corporation Has Caused This Certificate to Bear the Facsimile Signatures of Its Duly Authorized Officers and to Be Sealed With the Facsimile of Its Corporate Seal. Dated Patricia Floyd Secretary Laura Lee Stewart President and Chief Executive Officer

from SB-2 2 pages Number Cusip Common Stock Sound Financial, Inc. Incorporated Under the Laws of the United States of America This Certifies That Is the Owner of Fully Paid and Nonassessable Shares of Common Stock, Par Value $.01 Per Share of Sound Financial, Inc. (The "Corporation"), a Federal Corporation. the Shares Represented by This Certificate Are Transferable Only on the Stock Transfer Books of the Corporation by the Holder of Record Hereof, or by His Duly Authorized Attorney or Legal Representative, Upon the Surrender of This Certificate Properly Endorsed. This Certificate Is Not Valid Until Countersigned and Registered by the Transfer Agent and Registrar. This Security Is Not a Deposit or Account and Is Not Federally Insured or Guaranteed. in Witness Whereof, the Corporation Has Caused This Certificate to Bear the Facsimile Signatures of Its Duly Authorized Officers and to Be Sealed With the Facsimile of Its Corporate Seal. Dated Marlene L. Price Secretary Laura Lee Stewart President and Chief Executive Officer