STOCK PURCHASE AGREEMENT
THIS STOCK PURCHASE AGREEMENT ("Agreement") is made and entered into this 23 day of
February,1998, by and among Inland Northwest Bancorporation, Inc., a
Washington corporation ("INBI") and Cheryl L. Ries, Karen J. Linzenmeyer, Linda R. Carabin, and Brenda F.
Blair (collectively the "Sellers" or the "Shareholders") and Hege Company, Inc., a Washington corporation dba
Creative Mortages (the "Company")
R E C I T A L S
A. The Sellers collectively own 284 shares of common stock of the Company representing all of the issued and
outstanding shares of common stock of the Company.
B. The Sellers desire to sell and INBI desires to purchase all of the outstanding shares of common stock of the
C. The Shareholders of the Company have given their approval to the transaction evidenced by this Agreement,
at a meeting duly called for that purpose at the offices of the Company on February 23, 1998.
NOW, THEREFORE, in consideration of the covenants, agreements, representations, and warranties set forth
herein, the parties hereto agree as follows:
A G R E E M E N T
1 AGREEMENT TO EXCHANGE STOCK AND ASSUME LIABILITY
1.1 EXCHANGE OF STOCK. On the Closing Date, the Sellers shall sell, transfer and assign to INBI all of the
Company's issued and outstanding shares of common stock (the "Stock") and, in exchange therefor, INBI shall
issue to Sellers that number of shares of INBI's common stock (the "Shares") at a market value of $28 per share,
having a total market value equal to the net worth of the Company (as reflected on the audited financial statement
of the Company for the fiscal year ended November 30, 1997) plus $15,000.00.
1.2 PAYMENT OF LIABILITY. As additional consideration, INBI shall pay an additional sum, not to exceed
$147,000, in accordance with a schedule provided to INBI that pro rates the payment among the Sellers. This
sum represents the principal balance due on the personal indebtedness incurred by the Sellers in connection with