Document:

CONSULTING AGREEMENT

This  agreement,  entered into this 15th day of December,  1999,  by and between
Lehigh Acres First  National  Bancshares,  Inc. (in  organization)  (hereinafter
referred to as "the Bank"),  and Brenda M. O'Neil,  (hereinafter  referred to as
the "Consultant").

                                   WITNESSETH:

WHEREAS, the Bank is in the process of  organization and is desirous of engaging
the Consultant to assist it in certain organizational matters; and

WHEREAS, the Consultant is desirous of providing consulting services to the Bank
with regard to the organization of the Bank, and to serve as President and Chief
Executive Officer of the Bank after its charter has been approved.

NOW, THEREFORE,  in consideration of the mutual covenants and promises contained
herein, the parties hereto agree as follows:

1.            ENGAGEMENT.  The Bank  agrees to  engage  the  Consultant  and the
              Consultant  agrees  to  provide  consulting  services  to the Bank
              relating  to the  regulatory  process  associated  with the Bank's
              application for its charter and the development of  organizational
              and  business  plans  relating  to the  operation  of the Bank and
              Holding Company.

2.            TERM.  The term of this  Agreement  shall commence on December 15,
              1999,  and shall continue for the period through June 30, 2000. In
              the event that the Bank  receives the necessary  charter  approval
              from the Office of the Comptroller of the Currency and the Federal
              Deposit Insurance  Corporation  within the term of this Agreement,
              the  Bank  will   automatically   extend  this  Agreement  for  an
              additional six months or until the Bank has opened for business.

3.            SERVICES.  The Consultant  shall exert her best efforts and devote
              substantially all of her time and attention to the  organizational
              matters of the Bank and the Holding Company.

4.            COMPENSATION.  As compensation for the Consultant's  services, the
              Bank agrees to accrue fees due the  Consultant at the rate of Four
              Thousand  ($4,000)  Dollars  per  month  until  such  time  as her
              application for President and CEO is approved by the Office of the
              Comptroller of the Currency and the FDIC. Upon verbal notification
              of that approval, the Bank shall increase said compensation to Six
              Thousand Five Hundred ($6,500) per month. This compensation  shall
              accrue at the above  stated  rate  until the  minimum  stock  sale
              amount of  $6,000,000  is  reached.  Upon that date,  the  accrued
              compensation  may be paid in cash or applied  to the  Consultant's
              stock

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              purchase. In the event the minimum stock sale amount of $6,000,000
              is not achieved for any reason, the accrued  compensation will not
              be owed to Consultant by Bank and Consultant will be considered to
              have an investment loss in the amount of the accrued compensation.

5.            EXPENSES.  The Consultant shall be entitled to  reimbursement  for
              all reasonable  expenses incurred by her in the performance of her
              duties upon presentation of a voucher,  and appropriate  receipts,
              indicating the amount and the business purposes.

6.            TERMINATION.  In the  event  of the  Consultant's  death or in the
              event the  Consultant  is  prevented  from  rendering  services by
              reason of illness, incapacity or injury for a period of sixty (60)
              consecutive days during the term of this Agreement or in the event
              the Consultant fails to perform the services  required  hereunder,
              then and in such event the Bank may terminate  this Agreement upon
              written  notice  to  the  Consultant.   In  the  event  Consultant
              voluntarily  terminates  her services  then the  Consultant  shall
              receive no further compensation.

7.            NOTICES.  All notices  request,  demands and other  communications
              provided  for by this  Agreement  shall be in writing and shall be
              deemed  to have  been  given at the time  and then  mailed  at any
              general  or  branch  United  States  Post  Office  enclosed  in  a
              certified, postage pre-paid envelope, and addressed to the address
              of the respective  parties states below, or as such party may have
              fixed by notice:

                                  To the Bank:   1300 Homestead Road N.
                                                 Lehigh Acres, FL  33936

                                  To the Consultant:
                                                 4300 North Road
                                                 Fort Myers, FL   33917

8.            SUCCESSORS AND ASSIGNS. This  agreement shall inure to the benefit
              of and be binding upon the  Corporation  and its  successors.  The
              Consultant may not assign her right to payment nor her obligations
              under this Agreement.

9.            GOVERNING   LAW.   This   agreement   shall  in  all  respects  by
              interpreted,  construed and governed by and in accordance with the
              laws of the State of Florida.

10.           MISCELLANEOUS.  This agreement supersedes all prior understandings
              and agreements between the parties, and may not be amended orally,
              but only in writing signed by the parties hereto.

                                       2
<PAGE>

                  IN  WITNESS  WHEREOF  the  parties  hereto  have  caused  this
                  Agreement to be duly  executed and delivered as of the day and
                  year first above written.

                                   LEHIGH ACRES FIRST NATIONAL BANCSHARES, INC.

                                   LEHIGH ACRES FIRST NATIONAL BANK

                                   By:/s/ James D. Hull
                                      ------------------------------------------
                                          James D. Hull, Chairman

                                   By:/s/ Brenda M. O'Neil
                                      ------------------------------------------
                                          Brenda M. O'Neil, Consultant

                                       3First Amendment to SALES AGENCY Agreement

         THIS FIRST AMENDMENT TO Sales AGENCY Agreement (hereinafter referred to
as  the "Amendment"), made and entered into as of the 9th day of March, 2000, by
and between  BERTHEL FISHER  FINANCIAL  SERVICES,  INC.  ("Berthel  Fisher") and
LEHIGH ACRES FIRST NATIONAL BANCSHARES, Inc. ("Company").

         WHEREAS,  Berthel  Fisher and Company  entered into that certain  Sales
Agency  Agreement,  dated as of September  14, 1999,  pursuant to which  Berthel
Fisher  agreed to sell between  600,000 and  1,000,000  shares of the  Company's
common stock on a best efforts basis (the "Agreement");

         WHEREAS, the Agreement is scheduled to terminate on December 31, 1999;

         WHEREAS,  the parties  desire to revise the  commissions  and  expenses
payable to the Berthel Fisher;

         WHEREAS,  the parties desire to extend the term of the Agreement  until
June 30, 2000;

         WHEREAS,  the Company  intends to file a  post-effective  amendment  to
reflect all material developments;

         NOW,  THEREFORE,  for and in consideration of the sum of Ten and No/100
Dollars ($10.00) in hand paid, the mutual covenants herein contained,  and other
good and valuable consideration,  the receipt and sufficiency of which is hereby
acknowledged, the parties hereto, intending to be legally bound, do hereby agree
as follows:

               1. Definitions.  Unless otherwise defined in this Amendment,  all
          capitalized terms herein contained shall have the meanings ascribed to
          them in the Agreement.

               2. Employment of Berthel Fisher. Section 2(c) of the Agreement is
          deleted in its  entirely  and replaced  with the  following  paragraph
          2(c):

               (c) The Company and Berthel  Fisher agree that unless  600,000 of
          the Shares to be offered are sold by June 30, 2000 (or such later date
          as shall be mutually  agreed upon by the Company and Berthel  Fisher),
          the agency between the Company and Berthel Fisher will  terminate.  If
          the agency between the Company and Berthel Fisher terminates, the full
          proceeds  which have been paid for the Shares shall be returned to the
          purchasers.  Prior to the sale of all of the Shares to be offered, all
          proceeds  received from the sale of the Shares will be deposited in an
          escrow account for Lehigh Acres First National  Bancshares,  Inc. with
          The Bankers Bank (the "Escrow Agent").

               3. Employment of Berthel Fisher. Section 2(f) of the Agreement is
          deleted in its  entirety  and replaced  with the  following  paragraph
          2(f):

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               (f) In exchange  for the services of Berthel  Fisher  pursuant to
          this Agreement,  the Company agrees to pay Berthel Fisher a commission
          on all Shares sold in the Offering  based on the  following:  (i) $.80
          per share  commission  on all  shares  sold to the  public by  Berthel
          Fisher,  including  any  shares  sold by  selected  dealers of Berthel
          Fisher and (ii) $.10 per share  administration fee on all other Shares
          sold in the offering.  The selling commission shall be payable at such
          time  as the  subscription  Shares  sold  by  Berthel  Fisher,  or its
          selected  dealers,  are  accepted  by and  payment in full is received
          therefor by the Company and the funds are released from escrow.

               4.  Expenses of Berthel  Fisher.  Section 3 of the  Agreement  is
          deleted in its entirety and replaced with the following paragraph 3:

               The Company and Berthel  Fisher agree that the payment of any and
          all  out-of-pocket  expenses  incurred  or to be  incurred  by Berthel
          Fisher or by its  personnel  in  connection  with the  offering of the
          Shares is subject to the Company's pre-approval.

               5. Miscellaneous.

               (a) Ratification of Agreement.  Berthel Fisher and Company hereby
          ratify and confirm all of the terms and  conditions of the  Agreement,
          as amended  hereby,  and as modified,  amended or supplemented by this
          Amendment,  and all of the terms and provisions of the Agreement shall
          remain in full force and effect.

               (b) Binding Effect.  The terms of this Amendment shall be binding
          upon Berthel  Fisher and the Company and their  respective  successors
          and assigns.

               (c) Counterparts. This Amendment may be executed in any number of
          counterparts,  each of which shall constitute an original,  and all of
          which,  when taken  together,  shall  constitute  but one and the same
          instrument.

               (d) Facsimiles. Each party shall be authorized to accept, and may
          rely upon, a facsimile  transmission of this Amendment executed by the
          other  party and such  document  shall be binding  upon the  executing
          party.

         IN WITNESS  WHEREOF,  Berthel  Fisher and the Company  have caused this
First  Amendment  to Sales Agency  Agreement to be executed by their  respective
duly authorized representatives as of the day and year first above written.

<PAGE>

LEHIGH ACRES FIRST NATIONAL BANCSHARES, INC.

By:      /s/ Brenda M. O'Neil
         ---------------------------------------
         Brenda M. O'Neil, President and CEO

BERTHEL FISHER FINANCIAL SERVICES, INC.

By:      /s/ Thomas J. Berthel
         --------------------------------------
         Thomas J. Berthel, CEO

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