Document:

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                                                                    EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT

      This Employment Agreement (the "Agreement") is made effective as of
November 9, 2004, by and between Heartland Bancshares, Inc. (the "Holding
Company"), Heartland National Bank (the "Bank"), and James B. Belflower (the
"Executive").

                                   WITNESSETH:

      WHEREAS, the Holding Company and the Bank (collectively the "Company")
desire to retain the services of and employ the Executive, and the Executive
desires to provide services to the Company, pursuant to the terms and conditions
of this Agreement.

      NOW, THEREFORE, in consideration of the promises and of the covenants and
agreements herein contained, the Company and the Executive covenant and agree as
follows:

1.    Employment. Pursuant to the terms and conditions of this Agreement, the
Company agrees to employ the Executive and the Executive agrees to render
services to the Company as set forth herein, all effective as of the date set
forth above. This Agreement supercedes any prior employment agreement entered
into between the Company and the Executive prior to the date hereof, and any
such prior employment agreement is hereby terminated.

2.    Position and Duties; Records. During the term of this Agreement, the
Executive shall serve as Executive Vice President and Senior Lending Officer of
the Bank, and shall undertake such duties, consistent with such titles, as may
be assigned to him from time to time by the President and Chief Executive
Officer and the Boards of Directors of the Holding Company and the Bank
(collectively referred to as the "Board"), serving on Board committees as
appointed from time to time by the Board, supervising the Bank's lending
practices, and assisting in keeping the Company in compliance with applicable
laws and regulations. During the term of this Agreement, the Executive also
shall serve as a director of the Holding Company and the Bank. In performing his
duties pursuant to this Agreement, the Executive shall devote his full business
time, energy, skill and best efforts to promote the Company and its business and
affairs; provided that, subject to Sections 10, 12 and 13 of this Agreement, the
Executive shall have the right to manage and pursue personal and family
interests, and make passive investments in securities, real estate, and other
assets, and also to participate in charitable and community activities and
organizations, so long as such activities do not adversely affect the
performance by Executive of his duties and obligations to the Company. Upon
termination of the Executive's employment for any reason, he shall resign as a
director of the Holding Company and the Bank. All files, records, documents,
manuals, books, forms, reports, memoranda, studies, data, calculations,
recordings or correspondence, in whatever form they may exist, and all copies,
abstracts and summaries of the foregoing, and all physical items related to the
business of the Company, its affiliates and their respective directors and
officers, whether of a public nature or not, and whether prepared by Executive
or not, are and shall remain the exclusive property of the Company, and shall
not be removed from their premises, except as required in the course of
providing the services pursuant to this Agreement, without the prior written
consent of the

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Company. Such items shall be promptly returned by the Executive on the
termination of this Agreement or at any earlier time upon the request of the
Company.

3.    Term. The term of employment pursuant to this Agreement shall be for a
period of three years, commencing with the date set forth in Section 1 and
expiring (unless sooner terminated as otherwise provided in this Agreement or
unless otherwise renewed or extended as set forth herein) on the third
anniversary of this Agreement, which date, including any earlier date of
termination or any extended expiration date, shall be referred to as the
"Expiration Date". Subject to the provisions of Section 8 of this Agreement, the
term of this Agreement and the employment of the Executive by the Company
hereunder shall be deemed automatically renewed for successive periods of three
years on each anniversary date of this Agreement, until the Executive receives
written notice from the Company that the term of this Agreement will not be
automatically renewed. In the event of the Executive's receipt of such notice
from the Company that the term of this Agreement will not be renewed, the term
of this Agreement shall end on the anniversary of this Agreement occurring three
years after the anniversary date first occurring after the date such notice is
given. As an illustration of the foregoing, if such notice were given by the
Company to the Executive on a date in 2005 before the first anniversary date of
this Agreement, then term of this Agreement would end on the anniversary date of
this Agreement in 2008. If notice were given by the Company to the Executive on
a date in 2005 after the first anniversary date of this Agreement, then the term
of this Agreement would end on the anniversary date in 2009. After termination
of the employment of the Executive for any reason whatsoever, the Executive
shall continue to be subject to the provisions of Sections 10 through 21,
inclusive, of this Agreement; provided, however, that the Executive shall be
subject to the provisions of Sections 12 and 13 only where the employment of the
Executive is terminated pursuant to Sections 8(a) or (c).

4.    Compensation. During the term of this Agreement, the Company shall pay or
provide to the Executive as compensation for the services of the Executive set
forth in Section 2 hereof:

      (a) A base annual salary of $110,000.00 during the first year of this
Agreement, such base annual salary to be subject to increase on January 1 of
each year thereafter (commencing with January 1, 2005) as the Board in its
discretion shall determine. The foregoing base salary shall be payable in such
periodic installments consistent with other employees of the Bank.

      (b) Such incentive bonuses as determined by the Board from time to time.

5.    Benefits and Insurance. The Bank shall provide to the Executive such
medical, health, and life insurance as well as any other benefits as the Board
shall determine from time to time. At a minimum, the Executive shall be entitled
to (i) participate in all employee benefit plans offered to the Bank's employees
generally, and (ii) life insurance coverage (payable to such beneficiary as the
Executive may designate from time to time). The Executive also shall be entitled
to participate in any group disability plan maintained by the Bank, if any, with
the Bank paying to the Executive his base annual salary during any waiting
period imposed by such plan

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for the receipt of disability benefits thereunder. The Bank also shall provide
to the Executive salary continuation benefits upon such terms and conditions as
may be mutually agreed upon by the Executive and the Bank.

6.    Vacation. The Executive may take up to four weeks of vacation lime at such
periods during each year as the Board and the Executive shall determine from
time to time. The Executive shall be entitled to full compensation during such
vacation periods.

7.    Reimbursement of Expenses. The Bank shall reimburse the Executive for
reasonable expenses incurred in connection with his employment hereunder subject
to guidelines issued from time to time by the Board and upon submission of
documentation in conformity with applicable requirements of federal income tax
laws and regulations supporting reimbursement of such expenses.

8.    Termination. The employment of the Executive may be terminated as follows:

      (a) By the Company, by action taken by its President and Chief Executive
Officer or Board, at any time and immediately upon written notice to the
Executive if said termination is for Cause. In the notice of termination
furnished to the Executive under this Section 8(a), the reason or reasons for
said termination shall be given and, if no reason or reasons are given for said
termination, said termination shall be deemed to be without Cause and therefore
termination pursuant to Section 8(f). Any one or more of the following
conditions shall be deemed to be grounds for termination of the employment of
the Executive for Cause under this Section 8(a):

            (i) If the Executive shall fail or refuse to comply with the
obligations required of him as set forth in this Agreement or comply with the
policies of the Company established by the President and Chief Executive Officer
or Board from time to time; provided, however, that for the first such failure
or refusal, the Executive shall be given written warning (providing at least a
10 day period for an opportunity to cure), and the second failure or refusal
shall be grounds for termination for Cause;

            (ii) If the Executive shall have engaged in conduct involving fraud,
deceit, personal dishonesty, or breach of fiduciary duty;

            (iii) If the Executive shall have violated any banking law or
regulation, memorandum of understanding, cease and desist order, or other
agreement with any banking agency having jurisdiction over the Company which, in
the judgment of the President and Chief Executive Officer or Board, has
adversely affected, or may adversely affect, the business or reputation of the
Company as determined by the Board;

            (iv) If the Executive shall have become subject to continuing
intemperance in the use of alcohol or drugs which has adversely affected, or may
adversely affect, the business or reputation of the Company as determined by the
President and Chief Executive Officer or Board;

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            (v) If the Executive shall have filed, or had filed against him, any
petition under the federal bankruptcy laws or any state insolvency laws; or

            (vi) If any banking authority having supervisory jurisdiction over
the Holding Company or the Bank initiates any proceedings for removal of the
Executive.

            In the event of termination for Cause, the Company shall pay the
Executive only salary and vacation amounts accrued and unpaid as of the
effective date of termination.

      (b) By the Executive upon the lapse of 30 days following written notice by
the Executive to the Company of termination of his employment hereunder for Good
Reason (as defined below), which notice shall reasonably describe the Good
Reason for which the Executive's employment is being terminated; provided,
however, that if the Good Reason specified in such notice is such that there is
a reasonable prospect that it can be cured with diligent effort within 30 days,
the Company shall have the opportunity to cure such Good Reason, for a period
not to exceed 30 days from the date of such notice, and the Executive's
employment shall continue in effect during such time so long as the Company
makes diligent efforts during such time to cure such Good Reason. If such Good
Reason shall be cured by the Company during such time, the Executive's
employment and the obligations of the Company hereunder shall not terminate as a
result of the notice which has been given with respect to such Good Reason. Cure
of any Good Reason with or without notice from the Executive shall not relieve
the Company from any obligations to the Executive under this Agreement or
otherwise and shall not affect the Executive's rights upon the reoccurrence of
the same, or the occurrence of any other, Good Reason. For purposes of this
Agreement, the term "Good Reason" shall mean (i) any material breach by the
Company of any provision of this Agreement, or (ii) any significant reduction
(not pertaining to job performance issues), in the duties, responsibilities,
authority or title of the Executive as an officer of the Company.

      If the Executive's employment is terminated by the Executive for Good
Reason, the Company shall for a period of one year thereafter, (i) continue to
pay to the Executive the base annual salary in effect under Section 4(a) on the
date of said termination (or, if greater, the highest annual salary in effect
for the Executive within the 36 month period prior to said termination) plus an
annual amount equal to any bonus paid by the Company to the Executive during the
12 month period prior to said termination, such salary and bonus to be payable
in such periodic installments (and not as a lump sum payment) consistent with
the payroll periods for the Company's payments to its other employees, and (ii)
reimburse the Executive for COBRA payments made by the Executive to continue his
health insurance coverage-during such one-year period.

      (c) By the Executive upon the lapse of 45 days following written notice by
the Executive to the Company of his resignation from the Company for other than
Good Reason; provided, however, that the Company, in its discretion, may cause
such termination to be effective at any time during such 45-day period. If the
Executive's employment is terminated

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because of the Executive's resignation, the Company shall be obligated to pay to
the Executive any salary and vacation amounts accrued and unpaid as of the
effective date of such resignation.

      (d) If the Executive's employment is terminated by the death of the
Executive, this Agreement shall automatically terminate, and the Company shall
be obligated to pay to the Executive's estate any salary, vacation, and bonus
amounts accrued and unpaid at the date of death. If the Executive is disabled
(as such term is defined in the disability insurance plan maintained by the
Company), then the Company shall have the right to terminate the Executive's
employment, in which case the Company shall be obligated to pay to the Executive
(i) any salary, vacation and bonus amounts accrued and unpaid at the date of
such termination of employment, and (ii) continued salary payments (not to
exceed 30 days) until the Executive is eligible to receive payments under the
Company's disability insurance plan.

      (e) By the Company or the Executive upon the closing of a Change of
Control, in which event the Executive shall be entitled to receive
simultaneously with such closing in a lump sum payment, an amount equal to two
times the then base annual salary received by the Executive during the three
year period prior to such termination. Any termination by the Executive pursuant
to this Section 8(e) shall be in lieu of any other termination benefits that the
Executive would have otherwise received under any other provision of this
Section 8. For purposes of this Agreement, a Change of Control shall mean a
merger in which the Holding Company is not the surviving entity, the acquisition
of the Bank by means of a merger, consolidation or purchase of 80% or more of
its outstanding shares, or the acquisition by any individual or group of
beneficial ownership of more than 50% of the outstanding shares of Holding
Company common stock. The term "group" and the concept of beneficial ownership
shall have such meanings ascribed thereto as set forth in the Securities
Exchange Act of 1934, as amended (the "1934 Act"), and the regulations and rules
thereunder.

      (f) By the Company, by action taken by its President and Chief Executive
Officer or Board, at any time if said termination is without Cause. If the
Executive's employment is terminated by the Company without Cause, the Company
shall for a period of one year thereafter, (i) continue to pay to the Executive
the base annual salary in effect under Section 4(a) on the date of said
termination (or, if greater, the highest annual salary in effect for the
Executive within the 36 month period prior to said termination) plus an annual
amount equal to any bonus paid by the Company to the Executive during the 12
month period prior to said termination, such salary and bonus to be payable in
such periodic installments (and not as a lump sum payment) consistent with the
payroll periods for the Company's payments to its other employees, and (ii)
reimburse the Executive for COBRA payments made by the Executive to continue his
health insurance coverage during such one-year period.

      (g) Excise Tax. In the event that any consideration or other amount paid
or payable to Executive hereunder as well as any other agreements between the
Executive and the Company constitutes or is deemed to be an "excess parachute
payment" within the meaning of Section 280G(b) of the Internal Revenue Code of
1986 (or any other amended or successor provision) that is subject to the tax
imposed pursuant to Section 4999 of the Internal Revenue Code of 1986 (or any
other amended or successor provisions) ("Excise Tax"), the Company shall pay to
Executive an amount ("Gross-Up Amount") that, after reduction of the amount of
such

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Gross-Up Amount for all federal, state and local tax to which the Gross-Up
Amount is subject (including the Excise Tax to which the Gross-Up Amount is
subject) is equal to the amount of the Excise Tax to which such amount
constituting an excess parachute payment is subject.For purposes of determining
the amount of any Gross-Up Amount, Executive shall be deemed to pay federal
income taxes at the highest marginal rate of federal income taxation in the
calendar year in which the Gross-Up Amount is to be made and state and local
income taxes at the highest marginal rate of taxation in the state and locality
of residence of Employee on the date the excess parachute payment is made, net
of the maximum reduction in federal income taxes that could be obtained from the
deduction of such state and local taxes.

9.    Notice. All notices permitted or required to be given to either party
under this Agreement shall be in writing and shall be deemed to have been given
(a) in the case of delivery, when addressed to the other party as set forth at
the end of this Agreement and delivered to said address, (b) in the case of
mailing, three days after the same has been mailed by certified mail, return
receipt requested, and deposited postage prepaid in the U.S. Mails, addressed to
the other party at the address as set forth at the end of this Agreement, and
(c) in any other case, when actually received by the other party. Either party
may change the address at which said notice is to be given by delivering notice
of such to the other party to this Agreement in the manner set forth herein.

10.   Confidential Matters. The Executive is aware and acknowledges that the
Executive shall have access to confidential information by virtue of his
employment. The Executive agrees that, during the period of time the Executive
is retained to provide services to the Company, and thereafter subsequent to the
termination of Executive's services to the Company for any reason whatsoever,
the Executive will not release or divulge any confidential information
whatsoever relating to the Company or its business, to any other person or
entity without the prior written consent of the Company. Confidential
information does not include information that is available to the public or
which becomes available to the public other than through a breach of this
Agreement on the part of the Executive. Also, the Executive shall not be
precluded from disclosing confidential information in furtherance of the
performance of his services to the Company or to the extent required by any
legal proceeding.

11.   Injunction Without Bond. In the event there is a breach or threatened
breach by the Executive of the provisions of Sections 10, 12, or 13, the Company
shall be entitled to an injunction without bond to restrain such breach or
threatened breach, and the prevailing party in any such proceeding will be
entitled to reimbursement for all costs and expenses, including reasonable
attorneys' fees in connection therewith. Nothing herein shall be construed as
prohibiting the Company from pursuing such other remedies available to it for
any such breach or threatened breach including recovery of damages from the
Executive.

12.   Noncompetition. The Executive agrees that during the period of time the
Executive is retained to provide services to the Company, and thereafter for a
period of one year subsequent to the termination of Executive's services to the
Company for any reason whatsoever (but only in the case where the employment of
the Executive is terminated pursuant to Sections 8(a) or (c)), Executive will
not enter the employ of, or have any interest in, directly or indirectly

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(either as executive, partner, director, officer, consultant, principal, agent
or employee), any other bank or financial institution or any entity which either
accepts deposits or makes loans (whether presently existing or subsequently
established) and which has an office located within a radius of 50 miles of any
office of the Bank (a "Competitive Activity"); provided, however, that the
foregoing shall not preclude any ownership by the Executive of an amount not to
exceed 5% of the equity securities of any entity which is subject to the
periodic reporting requirements of the 1934 Act and the shares of Company common
stock owned by the Executive at the time of termination of employment.

13.   Nonsolicitation; Noninterference; Nondisparagement. The Executive agrees
that during the period of time the Executive is retained to provide services to
the Company, and thereafter for a period of one year subsequent to the
termination of Executive's services to the Company for any reason whatsoever,
(but only in the case where the employment of the Executive is terminated
pursuant to Sections 8(a) or (c)), the Executive will not (a) solicit for
employment by Executive, or anyone else, or employ any employee of the Company
or any person who was an employee of the Company within 12 months prior to such
solicitation of employment; (b) induce, or attempt to induce, any employee of
the Company to terminate such employee's employment; (c) induce, or attempt to
induce, anyone having a business relationship with the Company to terminate or
curtail such relationship or, on behalf of himself or anyone else, to compete
with the Company; or (d) permit anyone controlled by the Executive, or any
person acting on behalf of the Executive or anyone controlled by an employee of
the Executive to do any of the foregoing. The Executive also agrees that during
the term of this Agreement and thereafter, the Executive will not disparage,
denigrate or comment negatively upon, either orally or in writing, the Company,
any of its affiliates, or any of their respective officers or directors, to or
in the presence of any person or entity, unless compelled to act by subpoena or
other legal mandate.

14.   Remedies. The Executive agrees that the restrictions set forth in this
Agreement are fair and reasonable. The covenants set forth in this Agreement are
not dependent covenants and any claim against the Company, whether arising out
of this Agreement or any other agreement or contract between the Company and
Executive, shall not be a defense to a claim against Executive for a breach or
alleged breach of any of the covenants of Executive contained in this Agreement.
It is expressly understood by and between the parties hereto that the covenants
contained in this Agreement shall be deemed to be a series of separate
covenants. The Executive understands and agrees that if any of the separate
covenants are judicially held invalid or unenforceable, such holding shall not
release him from his obligations under the remaining covenants of this
Agreement. If in any judicial proceedings, a court shall refuse to enforce any
or all of the separate covenants because taken together they are more extensive
(whether as to geographic area, duration, scope of business or otherwise) than
necessary to protect the business and goodwill of the Bank, it is expressly
understood and agreed between the parties hereto that those separate covenants
which, if eliminated or restricted, would permit the remaining separate
covenants or the restricted separate covenant to be enforced in such proceeding
shall, for the purposes of such proceeding, be eliminated from the provisions of
this Agreement or restriction, as the case may be.

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15.   Invalid Provision. In the event any provision should be or become invalid
or unenforceable, such facts shall not affect the validity and enforceability of
any other provision of this Agreement. Similarly, if the scope of any
restriction or covenant contained herein should be or become too broad or
extensive to permit enforcement thereof to its full extent, then any such
restriction or covenant shall be enforced to the maximum extent permitted by
law, and Executive hereby consents and agrees that the scope of any such
restriction or covenant may be modified accordingly in any judicial proceeding
brought to enforce such restriction or covenant.

16.   Governing Law. This Agreement shall be construed in accordance with and
shall be governed by the laws of the State of Florida.

17.   Arbitration. Except for injunctive relief as provided in Section 11 above,
all disputes between the parties hereto concerning the performance, breach,
construction or interpretation of this Agreement, or in any manner arising out
of this Agreement, shall be submitted to binding arbitration in accordance with
the rules of the American Arbitration Association, which arbitration shall be
carried out in the manner set forth below:

      (a) Within fifteen (15) days after written notice by one party to the
other party of its demand for arbitration, which demand shall set forth the name
and address of its designated arbitrator, the other party shall select its
designated arbitrator and so notify the demanding party. Within fifteen (15)
days thereafter, the two arbitrators so selected shall select the third
arbitrator. The dispute shall be heard by the arbitrators within sixty (60) days
after selection of the third arbitrator. The decision of any two arbitrators
shall be binding upon the parties. Should any party or arbitrator fail to make a
selection, the American Arbitration Association shall designate such arbitrator
upon the application of either party. The decision of the arbitrators shall be
final and binding upon the Company, its successors and assigns, and upon
Executive, his successors and representatives, as the case may be.

      (b) Unless the Parties agree otherwise, the arbitration proceedings shall
take place in the city where the headquarters of the Holding Company is located.
The judgment and determination of such proceedings shall be binding on all
parties thereto. Judgment upon any award rendered by the arbitrators may be
entered into any court having competent jurisdiction without any right of
appeal.

      (c) Each party shall bear its or his own expenses of arbitration, and the
expenses of the arbitrators and the arbitration proceeding shall be shared
equally. However, if in the opinion of a majority of the arbitrators, any claim
or defense was unreasonable, the arbitrators may assess, as part of their award,
all or any part of the arbitration expenses of the other party (including
reasonable attorneys' fees) and of the arbitrators and the arbitration
proceeding against the party raising such unreasonable claim or defense.

18.   Binding Effect. This Agreement shall be binding on and inure to the
benefit of the parties hereto and their respective successors and legal
representatives and beneficiaries.

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19.   Effect on Other Agreements. This Agreement and the termination thereof
shall not affect any other agreement between the Executive and the Company, and
the receipt by the Executive of benefits thereunder.

20.   Miscellaneous. The rights and duties of the parties hereunder are personal
and may not be assigned or delegated without the prior written consent of the
other party to this Agreement. The captions used herein are solely for the
convenience of the parties and are not used in construing this Agreement. Time
is of the essence of this Agreement and the performance by each party of its or
his duties and obligations hereunder.

21.   Complete Agreement. This Agreement constitutes the complete agreement
between the parties hereto with respect to the subject matter hereof and
incorporates all prior discussions, agreements and representations made in
regard to the matters set forth herein. This Agreement may not be amended,
modified or changed except by a writing signed by the party to be charged by
said amendment, change or modification.

    IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

HEARTLAND BANCSHARES, INC.           HEARTLAND NATIONAL BANK

EDWARD L. SMOAK                      EDWARD L. SMOAK
-----------------------------        --------------------------
By: /s/ Edward L. Smoak              By: /s/ Edward L. Smoak
-----------------------------        --------------------------
   Chairman of the Board                Chairman of the Board

                                     "EXECUTIVE"

                                     /s/ James B. Belflower
                                     --------------------------
                                     James B. Belflower, individually
                                     Address: 4200 Appaloosa Road
                                           Sebring, Florida 33875

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HEARTLAND NATIONAL BANK
Salary Continuation Agreement

                             HEARTLAND NATIONAL BANK
                          SALARY CONTINUATION AGREEMENT

      THIS SALARY CONTINUATION AGREEMENT (the "Agreement") is adopted this 3 day
of January, 2005, by and between HEARTLAND NATIONAL BANK, a nationally-chartered
commercial bank located in Sebring, Florida (the "Company"), and JAMES CLINARD
(the "Executive").

      The purpose of this Agreement is to provide specified benefits to the
Executive, a member of a select group of management or highly compensated
employees who contribute materially to the continued growth, development and
future business success of the Company. This Agreement shall be unfunded for
tax purposes and for purposes of Title I of the Employee Retirement Income
Security Act of 1974 ("ERISA"), as amended from time to time. The Company will
pay the benefits from its general assets.

      The Company and the Executive agree as provided herein.

                                    ARTICLE 1
                                   DEFINITIONS

      Whenever used in this Agreement, the following words and phrases shall
have the meanings specified:

1.1   "Accrual Balance" means the liability that should be accrued by the
      Company, under Generally Accepted Accounting Principles ("GAAP"), for the
      Company's obligation to the Executive under this Agreement, by applying
      Accounting Principles Board Opinion Number 12 ("APB 12") as amended by
      Statement of Financial Accounting Standards Number 106 ("FAS 106") and the
      Discount Rate. Any one of a variety of amortization methods may be used to
      determine the Accrual Balance. However, once chosen, the method must be
      consistently applied. The Accrual Balance shall be reported by the Company
      to the Executive on Schedule A.

1.2   "Beneficiary" means each designated person, or the estate of the deceased
      Executive, entitled to benefits, if any, upon the death of the Executive
      determined pursuant to Article 4.

1.3   "Beneficiary Designation Form" means the form established from time to
      time by the Plan Administrator that the Executive completes, signs and
      returns to the Plan Administrator to designate one or more Beneficiaries.

1.4   "Board" means the boards of directors of the Corporation and the Company.

1.5   "Change of Control" means (i) a merger in which the Corporation is not the
      surviving entity, the acquisition of the Company by means of a merger,
      consolidation or purchase of 80% or more of its outstanding shares, or the
      acquisition by any individual or group of beneficial ownership of more
      than 50% of the outstanding shares of the Corporation's

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HEARTLAND NATIONAL BANK
Salary Continuation Agreement

      common stock. The term "group" and the concept of beneficial ownership
      shall have such meaning ascribed thereto as set forth in the Securities
      Exchange act of 1934, as amended, and the regulations and rules
      thereunder, or (ii) if more restrictive, the definition in Section 409A of
      the Code and regulations thereunder.

1.6   "Code" means the Internal Revenue Code of 1986, as amended.

1.7   "Corporation" means Heartland Bancshares, Inc.

1.8   "Disability" means the Executive's suffering a sickness, accident or
      injury which has been determined by the insurance carrier of any
      individual or group disability insurance policy covering the Executive, or
      by the Social Security Administration, to be a disability rendering the
      Executive totally and permanently disabled. The Executive must submit
      proof to the Plan Administrator of the insurance carrier's or Social
      Security Administration's determination upon the request of the Plan
      Administrator.

1.9   "Discount Rate" means the rate used by the Plan Administrator for
      determining the Accrual Balance. The initial Discount Rate is six and
      one-quarter percent (6.25%). However, the Plan Administrator, in its sole
      discretion, may adjust the Discount Rate to maintain the rate within
      reasonable standards according to GAAP.

1.10  "Early Termination" means the Termination of Employment before Normal
      Retirement Age for reasons other than death, Disability, Termination for
      Cause, Termination for Good Reason, or following a Change of Control.

1.11  "Early Termination Date" means the month, day and year in which Early
      Termination occurs.

1.12  "Effective Date" means January 1, 2005.

1-13  "Employment Agreement" means the Employment Agreement between the Company,
      the Corporation and the Executive dated November 9, 2004.

1.14  "Final Pay" means the Executive's highest base annual salary for the
      period of three years prior to Termination of Employment.

1.15  "Normal Retirement Age" means the Executive's sixty-second (62nd)
      birthday.

1-16  "Normal Retirement Date" means the later of the Normal Retirement Age or
      Termination of Employment.

1-17  "Plan Administrator" means the plan administrator described in Article 8.

1.18  "Plan Year" means a twelve-month period commencing on January 1 and ending
      on December 31 of each year. The initial Plan Year shall commence on the
      Effective Date of this Agreement.

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HEARTLAND NATIONAL BANK
Salary Continuation Agreement

1.19  "Projected Benefit" means thirty percent (30%) of Projected Final Pay.

1.20  "Projected Final Pay" means Final Pay increased four percent (4%)
      annually, until Normal Retirement Age.

1.21  "Termination for Cause" has that meaning set forth in Article 5.

1.22  "Termination for Good Reason" shall mean (i) any material breach by the
      Company and the Corporation of any provision of the Employment Agreement,
      or (ii) any significant reduction (not pertaining to job performance
      issues), in the duties, responsibilities, authority or title of the
      Executive as an officer of the Company and the Corporation.

1.23  "Termination of Employment" means that the Executive ceases to be employed
      by the Company for any reason, voluntary or involuntary, including death,
      other than by reason of a leave of absence approved by the Company.

                                    ARTICLE 2
                            BENEFITS DURING LIFETIME

2.1   Normal Retirement Benefit. Upon Termination of Employment on or after the
      Normal Retirement Age for reasons other than death, the Company shall pay
      to the Executive the benefit described in this Section 2.1 in lieu of any
      other benefit under this Article.

      2.1.1 Amount of Benefit. The annual benefit under this Section 2.1 is
            thirty percent (30%) of Final Pay.

      2.1.2 Payment of Benefit. The Company shall pay the annual benefit to the
            Executive in twelve (12) equal monthly installments commencing on
            the first day of the month following the Executive's Normal
            Retirement Date. The annual benefit shall be paid to the Executive
            for fifteen (15) years

2.2   Early Termination Benefit. Upon Early Termination, the Company shall pay
      to the Executive the benefit described in this Section 2.2 in lieu of any
      other benefit under this Article.

      2.2.1 Amount of Benefit. The annual benefit under this Section 2.2 is the
            Early Termination Benefit set forth on Schedule A for the Plan Year
            during which the Early Termination Date occurs. This benefit is
            determined by vesting the Executive in twenty percent (20%) of the
            Accrual Balance for the first Plan Year, and an additional twenty
            percent (20%) of said amount for each succeeding year thereafter
            until the Executive becomes one hundred percent (100%) vested in the
            Accrual Balance.

      2.2.2 Payment of Benefit. The Company shall pay the benefit to the
            Executive in one hundred eighty (180) equal monthly installments
            commencing with the month following Normal Retirement Age.

                                       3
<PAGE>

HEARTLAND NATIONAL BANK.
Salary Continuation Agreement

2.3   Disability Benefit. Upon Termination of Employment due to Disability
      prior to Normal Retirement Age, the Company shall pay to the Executive the
      benefit described in this Section 2.3 in lieu of any other benefit under
      this Article.

      2.3.1 Amount of Benefit. The annual benefit under this Section 2.3 is the
            Disability Benefit set forth on Schedule A for the Plan Year during
            which the date Termination of Employment occurs. This benefit is
            determined by vesting the Executive in one hundred percent (100%) of
            the Accrual Balance.

      2.3.2 Payment of Benefit. The Company shall pay the benefit to the
            Executive in one hundred eighty (180) equal monthly installments
            commencing with the month following Normal Retirement Age.

2.4   Change of Control Benefit. Upon a Change of Control followed by the
      Executive's Termination of Employment, the Company shall pay to the
      Executive the benefit described in this Section 2.4 in lieu of any other
      benefit under this Article.

      2.4.1 Amount of Benefit. The annual benefit under this Section 2.4 is the
            Change of Control Benefit set forth on Schedule A for the Plan Year
            during which Termination of Employment occurs. This benefit is
            determined by vesting the Executive in one hundred percent (100%) of
            the Projected Benefit.

      2.4.2 Payment of Benefit. The Company shall pay the annual benefit to the
            Executive in twelve (12) equal monthly installments commencing the
            month following the Normal Retirement Age. The annual benefit shall
            be paid to the Executive for fifteen (15) years.

2.5   Termination for Good Reason Benefit. Upon Termination for Good Reason, the
      Company shall pay to the Executive the benefit described in this Section
      2.5 in lieu of any other benefit under this Article.

      2.5.1 Amount of Benefit. The annual benefit under this Section 2.5 is the
            Termination for Good Reason Benefit set forth on Schedule A for the
            Plan Year during which the Early Termination Date occurs. This
            benefit is determined by vesting the Executive in one hundred
            percent (100%) of the Accrual Balance.

      2.5.2 Payment of Benefit. The Company shall pay the benefit to the
            Executive in one hundred eighty (180) equal monthly installments
            commencing with the month following Normal Retirement Age.

                                    ARTICLE 3
                                 DEATH BENEFITS

3.1   Death During Active Service. If the Executive dies while in the active
      service of the Company, the Company shall pay to the Beneficiary the
      benefit described in this Section 3.1. This benefit shall be paid in lieu
      of the benefits under Article 2.

                                       4
<PAGE>

HEARTLAND NATIONAL BANK
Salary Continuation Agreement

      3.1.1 Amount of Benefit. The benefit under this Section 2.3 is the
            Pre-Retirement Death Benefit set forth on Schedule A for the Plan
            Year in which the Executive dies. This benefit is determined by
            vesting the Executive's Beneficiary in one hundred percent (100%) of
            the Accrual Balance.

      3.1.2 Payment of Benefit. The Company shall pay the lump sum benefit to
            the Executive's beneficiary within 30 days following the Executive's
            death.

3.2   Death During Payment of a Benefit. If the Executive dies after
      any benefit payments have commenced under Article 2 of this Agreement but
      before receiving all such payments, the Company shall pay the remaining
      benefits to the Beneficiary at the same time and in the same amounts they
      would have been paid to the Executive had the Executive survived.

3.3   Death After Termination of Employment But Before Payment of a Benefit
      Commences. If the Executive is entitled to any benefit payments under
      Article 2 of this Agreement, but dies prior to the commencement of said
      benefit payments, the Company shall pay the same benefit payments to the
      Beneficiary that the Executive was entitled to prior to death except that
      the benefit payments shall commence on the first day of the month
      following the date of the Executive's death.

                                    ARTICLE 4
                                  BENEFICIARIES

4.1   Beneficiary Designation. The Executive shall have the right, at any time,
      to designate a Beneficiary(ies) to receive any benefits payable under
      this Agreement upon the death of the Executive. The Beneficiary designated
      under this Agreement may be the same as or different from the beneficiary
      designation under any other benefit plan of the Company in which the
      Executive participates.

4.2   Beneficiary Designation: Change. The Executive shall designate
      a Beneficiary by completing and signing the Beneficiary Designation Form,
      and delivering it to the Plan Administrator or its designated agent. The
      Executive's Beneficiary designation shall be deemed automatically revoked
      if the Beneficiary predeceases the Executive or if the Executive names a
      spouse as Beneficiary and the marriage is subsequently dissolved. The
      Executive shall have the right to change a Beneficiary by completing,
      signing and otherwise complying with the terms of the Beneficiary
      Designation Form and the Plan Administrator's rules and procedures, as in
      effect from time to time. Upon the acceptance by the Plan Administrator of
      a new Beneficiary Designation Form, all Beneficiary designations
      previously filed shall be cancelled. The Plan Administrator shall be
      entitled to rely on the last Beneficiary Designation Form filed by the
      Executive and accepted by the Plan Administrator prior to the Executive's
      death.

4.3   Acknowledgment. No designation or change in designation of a Beneficiary
      shall be effective until received, accepted and acknowledged in writing by
      the Plan Administrator or its designated agent.

4.4   No Beneficiary Designation. If the Executive dies without a valid
      beneficiary designation,

                                       5
<PAGE>

HEARTLAND NATIONAL BANK
Salary Continuation Agreement

      or if all designated Beneficiaries predecease the Executive, then the
      Executive's spouse shall be the designated Beneficiary. If the Executive
      has no surviving spouse, the benefits shall be made to the personal
      representative of the Executive's estate.

4.5   Facility of Payment. If the Plan Administrator determines in its
      discretion that a benefit is to be paid to a minor, to a person declared
      incompetent, or to a person incapable of handling the disposition of that
      person's property, the Plan Administrator may direct payment of such
      benefit to the guardian, legal representative or person having the care or
      custody of such minor, incompetent person or incapable person. The Plan
      Administrator may require proof of incompetence, minority or guardianship
      as it may deem appropriate prior to distribution of the benefit. Any
      payment of a benefit shall be a payment for the account of the Executive
      and the Executive's Beneficiary, as the case may be, and shall be a
      complete discharge of any liability under the Agreement for such payment
      amount.

                                    ARTICLE 5
                               GENERAL LIMITATIONS

5.1   Termination for Cause. Notwithstanding any provision of this Agreement to
      the contrary, the Company shall not pay any benefit under this Agreement
      if the Board terminates the Executive's employment for any of the
      following:

      (a)   If the Executive shall fail or refuse to comply with the obligations
            required of him as set forth in the Employment Agreement or comply
            with the policies of the Company and the Corporation established by
            the Board from time to time; provided, however, that for the first
            such failure or refusal, the Executive shall be given written
            warning (providing at least a 10 day period for an opportunity to
            cure), and the second failure or refusal shall be grounds for
            Termination for Cause;

      (b)   If the Executive shall have engaged in conduct involving fraud,
            deceit, personal dishonesty, or breach of fiduciary duty;

      (c)   If the Executive shall have violated any bank law or regulation,
            memorandum of understanding, cease and desist order, or other
            agreement with any banking agency having jurisdiction over the
            Company and the Corporation which, in the judgment of the Board, has
            adversely affected or may adversely affect, the business or
            reputation of the Company and the Corporation as determined by the
            Board;

      (d)   If the Executive shall have become subject to continuing
            intemperance in the use of alcohol or drugs which has adversely
            affected, or may adversely affect, the business or reputation of the
            Company and the Corporation as determined by the Board;

      (e)   If the Executive shall have filed, or has filed against him, any
            petition under the federal bankruptcy law or any state insolvency
            laws; or

      (f)   If any banking authority having supervisory jurisdiction over the
            Company or the Corporation initiates any proceedings for removal of
            the Executive.

                                       6
<PAGE>

HEARTLAND NATIONAL BANK
Salary Continuation Agreement

5.2   Suicide or Misstatement. The Company shall not pay any benefit under this
      Agreement if the Executive commits suicide within two years after the
      Effective Date. In addition, the Company shall not pay any benefit under
      this Agreement if the Executive has made any material misstatement of fact
      on any application for life insurance owned by the Company on the
      Executive's life.

5.3   Competition. The Company shall not pay any benefit under this Agreement if
      the Executive, without the prior written consent of the Company, during
      active service and within 1 year from the Executive's Termination of
      Employment for any reason whatsoever (but only in the case where the
      employment of the Executive is terminated pursuant to Sections 8(a) or (c)
      of the Employment Agreement), enters the employ of or have any interest
      in, directly or indirectly (either as executive, partner, director,
      officer, consultant, principal, agent or employee), any other bank or
      financial institution or any entity which either accepts deposits or makes
      loans (whether presently existing or subsequently established) and which
      has an office located within a radius of 50 miles of any office of the
      Company (a "Competitive Activity'); provided, however, that the foregoing
      shall not preclude any ownership by the Executive of an amount not to
      exceed five percent (5%) of the equity securities of any entity which is
      subject to the periodic reporting requirements of the Securities Exchange
      act of 1934 and the shares of Company and Corporation common stock owned
      by the Executive at the rime of Termination of Employment. This section
      shall not apply following a Change of Control.

5.3   Nonsolicitation; Noninterference; Nondisparagement. The Company shall not
      pay any benefit under this Agreement if the Executive, without the prior
      written consent of the Company, during active service and within 1 year
      from the Executive's Termination of Employment for any reason whatsoever
      (but only in the case where the employment of the Executive is terminated
      pursuant to Sections 8(a) or (c) of the Employment Agreement), a) solicits
      for employment (by the Executive or anyone else) or employees any employee
      of the Company or the Corporation or any person who was an employee of the
      Company or the Corporation within 12 months prior to such solicitation of
      employment; b) induces, or attempts to induce, any employee of the Company
      or the Corporation to terminate such employee's employment; c) induces, or
      attempts to induce, anyone having a business relationship with the Company
      or the Corporation to terminate or curtail such relationship or, on behalf
      of himself or anyone else, compete with the Company or the Corporation; or
      d) permits anyone controlled by the Executive, or any person acting on
      behalf of the Executive or anyone controlled by an employee of the
      Executive to do any of the foregoing. In addition, the Company shall not
      pay any benefit under this Agreement if the Executive disparages,
      denigrates or comments negatively upon, either orally or in writing, the
      Company or the Corporation, any of its affiliates, or any of their
      respective officers or directors, to or in the presence of any person or
      entity, unless compelled to act by subpoena or other legal mandate.

                                       7
<PAGE>

HEARTLAND NATIONAL BANK.
Salary Continuation Agreement

                                    ARTICLE 6
                          CLAIMS AND REVIEW PROCEDURES

6.1   Claims Procedure. An Executive or Beneficiary ("claimant") who has not
      received benefits under the Agreement that he or she believes should be
      paid shall make a claim for such benefits as follows:

      6.1.1 Initiation - Written Claim. The claimant initiates a claim by
            submitting to the Plan Administrator a written claim for the
            benefits.

      6.1.2 Timing of Plan Administrator Response. The Plan Administrator shall
            respond to such claimant within 90 days after receiving the claim.
            If the Plan Administrator determines that special circumstances
            require additional time for processing the claim, the Plan
            Administrator can extend the response period by an additional 90
            days by notifying the claimant in writing, prior to the end of the
            initial 90-day period, that an additional period is required. The
            notice of extension must set forth the special circumstances and the
            date by which the Plan Administrator expects to render its decision.

      6.1.3 Notice of Decision. If the Plan Administrator denies part or all of
            the claim, the Plan Administrator shall notify the claimant in
            writing of such denial. The Plan Administrator shall write the
            notification in a manner calculated to be understood by the
            claimant. The notification shall set forth;

            (a)   The specific reasons for the denial;

            (b)   A reference to the specific provisions of the Agreement on
            which the denial is based;

            (c)   A description of any additional information or material
            necessary for the claimant to perfect the claim and an explanation
            of why it is needed;

            d)    An explanation of the Agreement's review procedures and the
            time limits applicable to such procedures; and

            (e)   A statement of the claimant's right to bring a civil action
            under ERISA Section 502(a) following an adverse benefit
            determination on review.

6.2   Review Procedure. If the Plan Administrator denies part or all of the
      claim, the claimant shall have the opportunity for a full and fair review
      by the Plan Administrator of the denial, as follows:

      6.2.1 Initiation ~ Written Request. To initiate the review, the claimant,
            within 60 days after receiving the Plan Administrator's notice of
            denial, must file with the Plan Administrator a written request for
            review.

      6.2.2 Additional Submissions - Information Access. The claimant shall then
            have the opportunity to submit written comments, documents, records
            and other information relating to the claim. The Plan Administrator
            shall also provide the claimant, upon request and free of charge,
            reasonable access to, and copies of, all documents, records and
            other information relevant (as defined in applicable ERISA

                                       8
<PAGE>

HEARTLAND NATIONAL BANK
Salary Continuation Agreement

            regulations) to the claimant's claim for benefits.

      6.2.3 Considerations on Review. In considering the review, the Plan
            Administrator shall take into account all materials and information
            the claimant submits relating to the claim, without regard to
            whether such information was submitted or considered in the initial
            benefit determination.

      6.2.4 Timing of Plan Administrator Response. The Plan Administrator shall
            respond in writing to such claimant within 60 days after
            receiving the request for review. If the Plan Administrator
            determines that special circumstances require additional time for
            processing the claim, the Plan Administrator can extend the response
            period by an additional 60 days by notifying the claimant in
            writing, prior to the end of the initial 60-day period, that an
            additional period is required. The notice of extension must set
            forth the special circumstances and the date by which the Plan
            Administrator expects to render its decision.

      6.2.5 Notice of Decision. The Plan Administrator shall notify the claimant
            in writing of its decision on review. The Plan Administrator shall
            write the notification in a manner calculated to be understood by
            the claimant. The notification shall set forth:

            (a)   The specific reasons for the denial;

            (b)   A reference to the specific provisions of the Agreement on
            which the denial is based;

            (c)   A statement that the claimant is entitled to receive, upon
            request and free of charge, reasonable access to, and copies of, all
            documents, records and other information relevant (as defined in
            applicable ERISA regulations) to the claimant's claim for benefits;
            and

            (d)   A statement of the claimant's right to bring a civil action
            under ERISA Section 502(a).

                                    ARTICLE 7
                           AMENDMENTS AND TERMINATION

      This Agreement may be amended or terminated only by a written agreement
signed by the Company and the Executive. Provided, however, if the Board
determines that the Executive is no longer a member of a select group of
management or highly compensated employees, as that phrase applies to ERISA, for
reasons other than death, Disability or retirement, the Company may amend or
terminate this Agreement. Upon such amendment or termination the Company shall
pay benefits to the Executive as if Early Termination occurred on the date of
such amendment or termination, regardless of whether Early Termination actually
occurs. Additionally, the Company may also amend this Agreement to conform with
written directives to the Company from its banking regulators.

                                        9
<PAGE>

HEARTLAND NATIONAL BANK
Salary Continuation Agreement

                                    ARTICLE 8
                           ADMINISTRATION OF AGREEMENT

8.1   Plan Administrator Duties. This Agreement shall be administered by a Plan
      Administrator which shall consist of the Board, or such committee or
      person(s) as the Board shall appoint. The Executive may be a member of the
      Plan Administrator. The Plan Administrator shall also have the discretion
      and authority to (i) make, amend, interpret and enforce all appropriate
      rules and regulations for the administration of this Agreement and (ii)
      decide or resolve any and all questions including interpretations of
      this Agreement, as may arise in connection with the Agreement.

8.2   Agents. In the administration of this Agreement, the Plan Administrator
      may employ agents and delegate to them such administrative duties as it
      sees fit, (including acting through a duly appointed representative), and
      may from time to time consult with counsel who may be counsel to the
      Company.

8.3   Binding Effect of Decisions. The decision or action of the Plan
      Administrator with respect to any question arising out of or in connection
      with the administration, interpretation and application of the Agreement
      and the rules and regulations promulgated hereunder shall be final and
      conclusive and binding upon all persons having any interest in the
      Agreement. No Executive or Beneficiary shall be deemed to have any right,
      vested or nonvested, regarding the continued use of any previously adopted
      assumptions, including but not limited to the Discount Rate.

8.4   Indemnity of Plan Administrator. The Company shall indemnify and hold
      harmless the members of the Plan Administrator against any and all claims,
      losses, damages, expenses or liabilities arising from any action or
      failure to act with respect to this Agreement, except in the case of
      willful misconduct by the Plan Administrator or any of its members.

8.5.  Company Information. To enable the Plan Administrator to perform its
      functions, the Company shall supply full and timely information to the
      Plan Administrator on all matters relating to the date and circumstances
      of the retirement, Disability, death, or Termination of Employment of the
      Executive, and such other pertinent information as the Plan Administrator
      may reasonably require.

8.6   Annual Statement. The Plan Administrator shall provide to the Executive,
      within 120 days after the end of each Plan Year, a statement setting forth
      the benefits payable under this Agreement.

                                    ARTICLE 9
                                  MISCELLANEOUS

9.1   Binding Effect. This Agreement shall bind the Executive and the Company,
      and their beneficiaries, survivors, executors, successors, administrators
      and transferees.

9.2   No Guarantee of Employment. This Agreement is not an employment policy or
      contract. It does not give the Executive the right to remain an employee
      of the Company, nor does it interfere with the Company's right to
      discharge the Executive. It also does not require

                                       10
<PAGE>

HEARTLAND NATIONAL BANK
Salary Continuation Agreement

      the Executive to remain an employee nor interfere with the Executive's
      right to terminate employment at any time.

9.3   Non-Transferability. Benefits under this Agreement cannot be sold,
      transferred, assigned, pledged, attached or encumbered in any manner.

9.4   Tax Withholding. The Company shall withhold any taxes that, in its
      reasonable judgment, are required to be withheld from the benefits
      provided under this Agreement. The Executive acknowledges that the
      Company's sole liability regarding taxes is to forward any amounts
      withheld to the appropriate taxing authority(ies).

9.5   Applicable Law. The Agreement and all rights hereunder shall be governed
      by the laws of the State of Florida, except to the extent preempted by the
      laws of the United States of America.

9.6   Unfunded Arrangement. The Executive and Beneficiary are general unsecured
      creditors of the Company for the payment of benefits under this Agreement.
      The benefits represent the mere promise by the Company to pay such
      benefits. The rights to benefits are not subject in any manner to
      anticipation, alienation, sale, transfer, assignment, pledge, encumbrance,
      attachment, or garnishment by creditors. Any insurance on the Executive's
      life is a general asset of the Company to which the Executive and
      Beneficiary have no preferred or secured claim.

9.7   Reorganization. The Company shall not merge or consolidate into or with
      another company, or reorganize, or sell substantially all of its assets to
      another company, firm, or person unless such succeeding or continuing
      company, firm, or person agrees to assume and discharge the obligations of
      the Company under this Agreement. Upon the occurrence of such event, the
      term "Company" as used in this Agreement shall be deemed to refer to the
      successor or survivor company.

9.8   Entire Agreement. This Agreement constitutes the entire agreement between
      the Company and the Executive as to the subject matter hereof. No rights
      are granted to the Executive by virtue of this Agreement other than those
      specifically set forth herein.

9.9   Interpretation. Wherever the fulfillment of the intent and purpose of this
      Agreement requires, and the context will permit, the use of the masculine
      gender includes the feminine and use of the singular includes the plural.

9.10  Alternative Action. In the event it shall become impossible for the
      Company or the Plan Administrator to perform any act required by this
      Agreement, the Company or Plan Administrator may in its discretion perform
      such alternative act as most nearly carries out the intent and purpose of
      this Agreement and is in the best interests of the Company.

9.11  Headings. Article and section headings are for convenient reference only
      and shall not control or affect the meaning or construction of any of its
      provisions.

9.12  Validity. In case any provision of this Agreement shall be illegal or
      invalid for any reason,

                                       11
<PAGE>

HEARTLAND NATIONAL BANK
Salary Continuation Agreement

      said illegality or invalidity shall not affect the remaining parts hereof
      but this Agreement shall be construed and enforced as if such illegal and
      invalid provision has never been inserted herein.

9.13  Notice. Any notice or filing required or permitted to be given to the
      Company or Plan Administrator under this Agreement shall be sufficient if
      in writing and hand-delivered, or sent by registered or certified mail, to
      the address below:

                            320 US Hwy 27 North
                            Sebring Florida 33870

      Such notice shall be deemed given as of the date of delivery or, if
      delivery is made by mail, as of the date shown on the postmark on the
      receipt for registration or certification.

      Any notice or filing required or permitted to be given to the Executive
      under this Agreement shall be sufficient if in writing and hand-delivered,
      or sent by mail, to the last known address of the Executive.

      IN WITNESS WHEREOF, the Executive and a duly authorized representative of
the Company have signed this Agreement.

EXECUTIVE:                              COMPANY:

                                        HEARTLAND NATIONAL BANK

/s/ James Clinard                       By EDWARD L. SMOAK
---------------------                      -------------------------
JAMES CLINARD                           TITLE Chairman of the Board

By execution hereof, Heartland Bancshares, Inc. consents to and agrees to be
bound by the terms and condition of this Agreement.

ATTEST:                                 HEARTLAND BANCSHARES, INC.

/s/ JAMES B. BELFLOWER                  By EDWARD L. SMOAK
---------------------                      -------------------------
James B. Belflower                      Title Chairman of the Board

                                       12
<PAGE>

HEARTLAND NATIONAL BANK
Salary Continuation Agreement
BENEFICIARY DESIGNATION FORM

I, JAMES CLINARD, designate the following as beneficiary of benefits under the
Agreement payable following my death:

Primary:
        Mary Lydia Clinard                                100%
                                                             %
Contingent:
        James C Clinard Jr                                 50%
        Carolyn Anne Clinard                               50%

NOTES:

      -     PLEASE PRINT CLEARLY OR TYPE THE NAMES OF THE BENEFICIARIES.

      -     TO NAME A TRUST AS BENEFICIARY, PLEASE PROVIDE THE NAME OF THE
            TRUSTEE(s) AND THE EXACT NAME AND DATE OF THE TRUST AGREEMENT.

      -     TO NAME YOUR ESTATE AS BENEFICIARY, PLEASE WRITE "ESTATE OF [YOUR
            NAME] ".

      -     BE AWARE THAT NONE OF THE CONTINGENT BENEFICIARIES WILL RECEIVE
            ANYTHING UNLESS ALL OF THE PRIMARY BENEFICIARIES PREDECEASE YOU.

I understand that I may change these beneficiary designations by delivering a
new written designation to the Plan Administrator, which shall be effective only
upon receipt and acknowledgment by the Plan Administrator prior to my death. I
further understand that the designations will be automatically revoked if the
beneficiary predeceases me, or, if I have named my spouse as beneficiary and our
marriage is subsequently dissolved.

Name: James C Clinard

Signature: James C Clinard               Date: 1-5-05

Received by the Plan Administrator this _____ day of ______________, 20_________

By: _____________________________________

Title: __________________________________

<PAGE>

                                                             PLAN YEAR REPORTING

                                      SCHEDULE A

JAMES C.CLINARD

<TABLE>
<CAPTION>
DOB: 8/4/1953                            Early Termination Termination for Good   Disability      Change of Control   Pre-retire.
Plan Anniv Date: 1/1/2006                                         Reason                                                Death
Normal Retirement: 8/4/1015, Age 62         Installment         Installment       Installment      Installment          Benefit
Payment:  Monthly Installments            Payable at 62        Payable at 62     Payable at 62    Payable at 62       Lump Sum

                    Benefit     Accrual           Based On           Based On           Based On           Based On   Based On
Period    Discount   Level(2)   Balance  Vesting  Accrual   Vesting  Accrual    Vesting Accrual   Vesting  Benefit    Accrual
Ending      Rate      (1)        (2)       (3)      (4)       (5)      (6)       (7)      (8)       (9)     (10)        (11)
---------------------------------------------------------------------------------------------------------------------------------
<S>       <C>       <C>         <C>      <C>      <C>       <C>      <C>        <C>     <C>       <C>      <C>        <C>
Dec 2005(1)   6.25% 40,560      39,951        20% 1,494         100%   7,471     100%     7,471      100%   60,039     39,951
</TABLE>

(1) The first line reflects 12 months of data, January 2005 to December 2005.

(2) The benefit amount is based on 30% of current compensation. Compensation is
based on $135,200 initially, inflating at 4.00% each year to $200,129 at
retirement.

IF THERE IS A CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS SCHEDULE A AND
THE AGREEMENT, THE TERMS AND PROVISIONS OF THE AGREEMENT SHALL PREVAIL. IF A
TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL BENEFIT
AMOUNT BASED ON THE DATE OF THE EVENT.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]