Monroe Federal Bancorp Inc. Watch

from S-1 2 pages 1062/4857-9741-8945-V1} Monroe Federal Bancorp, Inc. Incorporated Under the Laws of the State of Maryland Cusip: See Reverse Side for Certain Definitions and Restrictions This Certifies That Is the Owner of Fully Paid and Non-Assessable Shares of Common Stock, Par Value $0.01 Per Share the Shares Evidenced by This Certificate Are Transferable Only on the Books of Monroe Federal Bancorp, Inc. by the Holder Hereof, in Person or by Attorney, Upon Surrender of This Certificate Properly Endorsed. the Interest in Monroe Federal Bancorp, Inc. Evidenced by This Certificate May Not Be Retired or Withdrawn Except as Provided in the Articles of Incorporation and Bylaws of Monroe Federal Bancorp, Inc. the Capital Stock Evidenced by This Certificate Is Not an Account of an Insurable Type and Is Not Insured by the Federal Deposit Insurance Corporation or Any Other Governmental Agency. in Witness Whereof, Monroe Federal Bancorp, Inc. Has Caused This Certificate to Be Executed by the Facsimile Signatures of Its Duly Authorized Officers and Has Caused a Facsimile of Its Seal to Be Hereunto Affixed. Dated: By: [Seal] By: Jason D. Smith Lewis R. Renollet Corporate Secretary President and Chief Executive Officer No. Shares