0000939057-14-000098 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 7th, 2014 • First Northwest Bancorp • Savings institutions, not federally chartered • Washington

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of this ___ day of _____________, 2014, by and between First Northwest Bancorp (the “Company”) and its wholly-owned subsidiary, First Federal Savings and Loan Association of Port Angeles (“First Federal”), and ______________________[Name of Employee] (the “Employee”).

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CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • March 7th, 2014 • First Northwest Bancorp • Savings institutions, not federally chartered • Washington

THIS CHANGE IN CONTROL SEVERANCE AGREEMENT (the “Agreement”) is made and entered into as of this ___ day of _____________, 2014, by and between First Northwest Bancorp (the “Company”) and its wholly-owned subsidiary, First Federal Savings and Loan Association of Port Angeles (“First Federal”), and ______________________[Name of Employee] (the “Employee”).

Feldman Financial Advisors, Inc.
Letter Agreement • March 7th, 2014 • First Northwest Bancorp • Savings institutions, not federally chartered

This letter agreement (“Agreement”) describes the terms under which Feldman Financial Advisors, Inc. (“Feldman Financial”) will assist First Federal Savings and Loan Association of Port Angeles (“First Federal” or the “Bank”) with the business plan (“Business Plan”) to be submitted to regulatory authorities in conjunction with the Bank’s conversion from a mutual savings institution to a stock savings institution, the concurrent stock offering by the Bank’s holding company, and infusion of a portion of the net offering proceeds as capital into First Federal. The services that we will provide and our fees for this proposal are explained in this Agreement.

January 3, 2014
First Northwest Bancorp • March 7th, 2014 • Savings institutions, not federally chartered

This letter sets forth the agreement between First Northwest Bancorp (“First Northwest”) and First Federal Savings and Loan Association of Port Angeles, Port Angeles, Washington (the “Association”) (collectively the “Company”), and RP® Financial, LC. (“RP Financial”) for independent appraisal services in connection with the stock to be issued concurrent with the mutual-to-stock conversion transaction whereby the Company will convert to a stock holding company and the Association will become the wholly-owned subsidiary of First Northwest.

Severance Agreement December 20, 2012
Severance Agreement • March 7th, 2014 • First Northwest Bancorp • Savings institutions, not federally chartered

This Severance Agreement, (the "Severance Agreement"), dated as reflected above, between Gina E. Lowman, ("Employee") and First Federal Savings and Loan Association of Port Angeles ("Employer") defines the terms of Separation between Employee and Employer.

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