INVESTMENT SERVICE AGREEMENT
This Agreement ("Agreement") is made and entered into this 15TH day of FEBRUARY, 2000, by and among
O'Keefe Shaw & Co., Inc., whose principal place of business is located at 646 N. French Rd., Suite 7,
Amherst, NY 14228 ("Broker-Dealer"), Evans National Bank whose principal place of business is located at 14
N. Main St., Angola, NY 14006 ("Bank"), and ENB Associates, Inc. (ENB).
WHERE AS, Broker/Dealer is an independent registered securities broker/dealer, and is a member of NASD,
and cleared through First Clearing Corporation, a subsidiary of First Union Securities, a division of First Union
Bank, to sell securities, including mutual funds and annuities; and
WHERE AS, Bank is a national bank with offices in Erie and Chautauqua Counties and ENB Associates is a
wholly owned subsidiary of Bank, and desires to provide non-deposit investment products to Bank Customers at
its (Banks) branch locations at specific designated areas of said branch; and
WHERE AS, the parties have agreed to enter into this arrangement for investment services, whereby ENB will
employ a licensed investment specialist to sell fixed and variable annuities and mutual funds through
Broker/Dealer, who will hold the license of ENB's investment specialist and will be responsible for compliance,
training and regulatory reporting.
IT IS HEREBY AGREED to by and between the parties as follows:
The following terms shall have the following meanings when used herein:
"Registered Representative" shall mean an employee of "ENB" who is registered and qualified by the NASD
whose license is held by Broker-Dealer, and who is supervised by Broker-Dealer.
"NASD" shall mean the National Association of Securities Dealers, Inc.
"SEC" shall mean the Securities and Exchange Commission.
"Bank Employee" shall mean an employee of "Bank" who is in a customer-contact position and who is not
registered and qualified by the NASD.
"Compliance Manuals" shall mean Br