First Northwest Bancorp Watch

from S-1/A 72 pages 10,580,000 Shares (Subject to Increase Up to 12,167,000 Shares in the Event of an Increase in the Pro Forma Market Value of the Company’s Common Stock) First Northwest Bancorp (A Washington Corporation) Common Stock (Par Value $0.01 Per Share) Agency Agreement , 2014

from S-1/A 5 pages Sandler O’neill & Partners, L.P. (“Sandler O’neill”) Is Pleased to Act as Records Management Agent to First Federal Savings and Loan Association of Port Angeles (The “Bank”) in Connection With the Bank’s Proposed Conversion From Mutual to Stock Form (The “Conversion”). This Letter Is to Confirm the Terms and Conditions of Our Engagement. Services and Fees in Our Role as Records Management Agent, We Anticipate That Our Services Will Include the Services Outlined Below, Each as May Be Necessary and as the Company May Reasonably Request: I. Consolidation of Accounts and Vote Calculation II. Design and Preparation of Proxy and Stock Order Forms III. Organization and Supervision of the Conversion Center IV. Proxy Solicitation and Special Meeting Services V. Subscription Services Each of These Services Is Further Described in Appendix a to This Agreement

from S-1/A 8 pages Board of Directors First Federal Savings and Loan Association of Port Angeles 105 West 8th Street Port Angeles, Washington 98362 Attention: Mr. Laurence J. Hueth President & Chief Executive Officer Offering Services

from S-1 8 pages Board of Directors First Federal Savings and Loan Association of Port Angeles 105 West 8th Street Port Angeles, Washington 98362 Attention: Mr. Levon L. Mathews President & Chief Executive Officer Offering Services