Document:

EXHIBIT 10.6

                  CAPITAL SECURITIES SUBSCRIPTION AGREEMENT

                                  June 28, 2001

      THIS CAPITAL SECURITIES SUBSCRIPTION AGREEMENT (this "Subscription
Agreement") made among Matrix Bancorp Capital Trust III (the "Trust"), Matrix
Bancorp, Inc. (the "Company" and, collectively with the Trust, the "Offerors"),
and MM Community Funding Ltd (the "Purchaser").

                                    RECITALS:

      A. The Trust desires to issue $15,000,000 of its 10.25 % Fixed Rate
MMCapSSM (the "Capital Securities"), with a liquidation amount of $1,000 per
Capital Security, representing an undivided beneficial interest in the assets of
the Trust (the "Offering"), to be issued pursuant to an Amended and Restated
Declaration of Trust (the "Declaration"), by the Company, The Bank of New York,
as institutional and Delaware trustee, the administrator(s) named therein, and
the holders, from time to time, of the Capital Securities, which Capital
Securities are to be guaranteed by the Company with respect to distributions and
payments upon liquidation, redemption and otherwise to the extent provided in
and pursuant to the terms of a Guarantee Agreement between the Company and The
Bank of New York, as guarantee trustee (the "Guarantee"); and

      B. The proceeds from the sale of the Capital Securities will be combined
with the proceeds from the sale of the common securities by the Trust to the
Company and will be used by the Trust to purchase an equivalent aggregate
principal amount of 10.25% Fixed Rate Junior Subordinated Debentures due July
25, 2031 of the Company (the "Debentures"), to be issued by the Company pursuant
to an Indenture to be executed by the Company and The Bank of New York, as
debenture trustee (the "Indenture"); and

      C. The Purchaser intends to complete an offering of its Notes (the "CBO
Offering") on or about July 16, 2001 or such other business day as may be agreed
upon (the "Closing Date") by the Offerors and the placement agents ("Placement
Agents") identified in the Placement Agreement and to use the proceeds of the
CBO Offering to, among other things, acquire the Capital Securities from the
Trust and comparable capital securities from other trusts in a quantity and with
other particular characteristics, in the aggregate, sufficient to permit the
successful completion of the CBO Offering; and

      D. In consideration of the premises and the mutual representations and
covenants hereinafter set forth, parties hereto agree as follows:

                                   ARTICLE I

                   PURCHASE AND SALE OF CAPITAL SECURITIES

      1.1. Upon the execution of this Subscription Agreement, subject to the
conditions precedent set forth in Section 1.5, the Purchaser hereby agrees to
purchase from the Trust $15,000,000 of its Capital Securities at a price equal
to $1,000 per Capital Security (the "Purchase Price") and the Trust agrees to
sell Capital Securities with a liquidation amount of
<PAGE>

$1,000 per Capital Security to the Purchaser for the Purchase Price. The rights
and preferences of the Capital Securities will be set forth in the Declaration.
The Purchase Price is payable by the Purchaser in immediately available funds to
the Trust's Account No. 234206 at The Bank of New York on the Closing Date.

      1.2. The certificate for the Capital Securities shall be delivered in
definitive form by the Trust on the Closing Date to the Purchaser or its
designee, and shall be registered in the name of the Purchaser and shall
represent the aggregate liquidation amount of the Capital Securities being
purchased by the Purchaser.

      1.3. The Placement Agreement, dated June 28, 2001 (the "Placement
Agreement"), among the Offerors and the Placement Agent identified therein
includes certain representations and warranties, covenants and conditions to
closing and certain other matters governing the issuance and sale of the Capital
Securities by the Trust to the Purchaser. Each of the provisions of the
Placement Agreement, including the definitions therein, are hereby incorporated
by reference into this Subscription Agreement. In addition, to the extent
provided for in the Placement Agreement, the Purchaser shall be entitled to the
benefits of the Placement Agreement and shall be entitled to enforce such
obligations of the Offerors under the Placement Agreement as fully as if the
Purchaser were a party to such Placement Agreement.

      1.4. If any condition specified herein or in the Placement Agreement shall
not have been fulfilled when and as required to be fulfilled by, on behalf of or
in respect of the Offerors or the Capital Securities, this Subscription
Agreement may be terminated by the Purchaser by notice to the Offerors at any
time at or prior to the Closing Date, and such termination shall be without
liability of any party to any other party except that Sections 1, 7 and 8 of the
Placement Agreement shall survive any such termination and remain in full force
and effect.

      1.5. If the CBO Offering is not successfully completed for any reason,
including, without limitation, as a result of the inability of the Purchaser to
acquire sufficient capital securities from the Trust and other trusts in a
quantity and with other particular characteristics, in the aggregate, sufficient
to satisfy rating agency criteria with respect to expected ratings on the Notes
to be issued by the Purchaser and other criteria deemed necessary or advisable
by the Purchaser, all obligations of the Purchaser hereunder shall terminate and
be extinguished.

      1.6. Notwithstanding any other provision of this Subscription Agreement,
the obligations of the Purchaser hereunder are limited recourse obligations of
the Purchaser, payable solely from the proceeds of the CBO Offering, and if the
CBO Offering is not completed or the proceeds of the CBO Offering are
insufficient to satisfy the obligations of the Purchaser, any claims hereunder
shall be extinguished. The Trust, the Bank of New York (on behalf of the Trust),
and the Company further agree (i) not to take any action in respect of any
claims hereunder against any subscriber, officer, director, employee or
administrator of the Purchaser and (ii) not to institute against the Purchaser
any insolvency, bankruptcy, reorganization, liquidation or similar proceedings
in any jurisdiction until one year and one day or, if longer, the applicable
preference period then in effect, shall have elapsed since the final payments to
the holders of the Notes issued by the Purchaser in connection with the CBO
Offering.
<PAGE>

      1.7 The Offerors represent and warrant to the Purchaser that upon the
delivery or transfer of the Capital Securities to the Purchaser on the Closing
Date as contemplated herein, the Purchaser will receive good and marketable
title to the Capital Securities, free and clear of any pledge, lien, security
interest, charge, claim, equity or encumbrance of any kind.

                                   ARTICLE II

                 REPRESENTATIONS AND WARRANTIES OF PURCHASER

      2.1. The Purchaser understands and acknowledges that none of the Capital
Securities, the Debentures or the Guarantee have been registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any other
applicable securities laws, and are being offered for sale by the Offerors in
transactions not requiring registration under the Securities Act, and the
Capital Securities may not be offered, sold, pledged or otherwise transferred by
the Purchaser except in compliance with the registration requirements of the
Securities Act, or any other applicable securities laws, pursuant to an
exemption therefrom or in a transaction not subject thereto.

            2.1.1 The Purchaser represents and warrants and certifies that it is
not a "U.S. person" (as such term is defined in Rule 902 under the Securities
Act), that it is not acquiring the securities for the account or benefit of any
U.S. person, and that the offer and sale of Capital Securities to the Purchaser
constitutes an "offshore transaction" under Regulation S under the Securities
Act.

      2.2. The Purchaser represents and warrants that it is purchasing the
Capital Securities for its own account, for investment and not with a view to,
or for offer or sale in connection with, any distribution thereof in violation
of the Securities Act or other applicable securities laws, subject to any
requirement of law that the disposition of its property be at all times within
its control and subject to its ability to resell such Capital Securities
pursuant to an effective registration statement under the Securities Act or
under Rule 144A under the Securities Act or any other exemption from
registration available under the Securities Act, and the Purchaser agrees to the
legends and transfer restrictions applicable to the Capital Securities contained
in the Declaration.

      2.3. The Purchaser has full power and authority to execute and deliver
this Subscription Agreement, to make the representations and warranties
specified herein, and to consummate the transactions contemplated herein and it
has full right and power to subscribe for the Capital Securities and perform its
obligations pursuant to this Subscription Agreement.

      2.4. The Purchaser, a Cayman Islands company whose business includes the
issuance of certain notes and acquiring the Capital Securities, and other
similar securities, has had the opportunity to ask questions of, and receive
answers and request additional information from, the Offerors and is aware that
it may be required to bear the economic risk of an investment in the Capital
Securities.
<PAGE>

      2.5. No filing with, or authorization, approval, consent, license, order,
registration, qualification or decree of, any governmental body, agency or court
having jurisdiction over the Purchaser, other than those that have been made or
obtained, is necessary or required for the performance by the Purchaser of its
obligations under this Subscription Agreement or to consummate the transactions
contemplated herein.

      2.6. This Subscription Agreement has been duly authorized, executed and
delivered by the Purchaser.

      2.7. The Purchaser is not in violation or default of any term of its
Amended and Restated Memorandum of Association or Articles of Association, of
any provision of any mortgage, indenture, contract, agreement, instrument or
contract to which it is a party or by which it is bound or of any judgment,
decree, order, writ or, to its knowledge, any statute, rule or regulation
applicable to the Purchaser which would prevent the Purchaser from performing
any material obligation set forth in this Subscription Agreement. The execution,
delivery and performance of and compliance with this Subscription Agreement, and
the consummation of the transactions contemplated herein, will not, with or
without the passage of time or giving of notice, result in any such material
violation, or be in conflict with or constitute a default under any such term,
or the suspension, revocation, impairment, forfeiture or non-renewal of any
permit, license, authorization or approval applicable to the Purchaser, its
business or operations or any of its assets or properties which would prevent
the Purchaser from performing any material obligations set forth in this
Subscription Agreement.

      2.8. The Purchaser is an exempted company with limited liability duly
incorporated, validly existing and in good standing under the laws of the
jurisdiction where it is organized, with full power and authority to perform its
obligations under this Subscription Agreement.

      2.9. The Purchaser understands and acknowledges that the Company will rely
upon the truth and accuracy of the foregoing acknowledgments, representations,
warranties and agreements and agrees that, if any of the acknowledgments,
representations, warranties or agreements deemed to have been made by it by its
purchase of the Capital Securities are no longer accurate, it shall promptly
notify the Company.

      2.10. The Purchaser understands that no public market exists for any of
the Capital Securities, and that it is unlikely that a public market will ever
exist for the Capital Securities.

                                  ARTICLE III

                                  MISCELLANEOUS

      3.1. Any notice or other communication given hereunder shall be deemed
sufficient if in writing and sent by registered or certified mail, return
receipt requested, international courier, or delivered by hand against written
receipt therefor, or by facsimile transmission and confirmed by telephone, to
the following addresses, or such other address as may be furnished to the other
parties as herein provided:
<PAGE>

      To the Offerors:  Matrix Bancorp, Inc.
                        1380 Lawrence Street
                        Denver, CO 80204
                        ATTN: T. Allen McConnell

      To the Purchaser: MM Community Funding Ltd
                        c/o QSPV Limited
                        P.O. Box 1093 GT
                        Queensgate House
                        113 Church Street
                        George Town, Grand Cayman
                        Cayman Islands
                        British West Indies
                        Attention:  Directors
                        Telephone:  345-945-7099
                        Fax:  345-945-7100

      Unless otherwise expressly provided herein, notices shall be deemed to
have been given when received.

      3.2. This Subscription Agreement shall not be changed, modified or amended
except by a writing signed by the parties to be charged.

      3.3. Upon the execution and delivery of this Subscription Agreement by the
parties hereto, this Subscription Agreement shall become a binding obligation of
each such party with respect to the matters covered herein, including those
incorporated by reference from the Placement Agreement.

      3.4. NOTWITHSTANDING THE PLACE WHERE THIS SUBSCRIPTION AGREEMENT MAY BE
EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE THAT ALL THE
TERMS AND PROVISIONS HEREOF SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED
BY THE LAWS OF THE STATE OF NEW YORK. EACH OF THE TRUST, PURCHASER AND THE
COMPANY, ON BEHALF OF ITSELF AND ITS SUBSIDIARIES (INCLUDING, WITHOUT
LIMITATION, THE TRUST), HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION
OF THE FEDERAL AND NEW YORK STATE COURTS LOCATED IN THE CITY OF NEW YORK IN
CONNECTION WITH ANY SUIT, ACTION OR PROCEEDING RELATED TO THIS SUBSCRIPTION
AGREEMENT OR ANY OF THE MATTERS CONTEMPLATED HEREBY, IRREVOCABLY WAIVES ANY
DEFENSE OF LACK OF PERSONAL JURISDICTION AND IRREVOCABLY AGREES THAT ALL CLAIMS
IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY
SUCH COURT. EACH OF THE TRUST, PURCHASER AND THE COMPANY, ON BEHALF OF ITSELF
AND ITS SUBSIDIARIES (INCLUDING, WITHOUT LIMITATION, THE TRUST), IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT IT
<PAGE>

MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

      3.5. The parties agree to execute and deliver all such further documents,
agreements and instruments and take such other and further action as may be
necessary or appropriate to carry out the purposes and intent of this
Subscription Agreement.

      3.6. This Subscription Agreement may be executed in one or more
counterparts each of which shall be deemed an original, but all of which shall
together constitute one and the same instrument.

                   Signatures appear on the following page

<PAGE>

      IN WITNESS WHEREOF, I have set my hand the day and year first written
above.

MM Community Funding Ltd

By:       /s/ Keith Parnell
      ------------------------------------
Print Name:     Keith Parnell
            ------------------------
Title:      Director

<PAGE>

      IN WITNESS WHEREOF, this Subscription Agreement is agreed to and accepted
as of the day and year first written above.

                                    MATRIX BANCORP, INC.

                                    By:     /s/ Allen McConnell
                                        --------------------------------------
                                        Name: T. Allen McConnell
                                        Title: Senior Vice President,
                                               Secretary and General Counsel

                                    MATRIX BANCORP CAPITAL TRUST III

                                    By:     /s/ Allen McConnell
                                        --------------------------------------
                                        Name: T. Allen McConnell
                                        AdministratorExhibit 10(i)

                              AMENDED AND RESTATED
                      1993 KEY EMPLOYEES' STOCK OPTION PLAN
                      -------------------------------------
                                       OF
                  THE NATIONAL BANK OF INDIANAPOLIS CORPORATION
                  ---------------------------------------------

     1. Purpose. The Plan is designed to promote the interest of The National
Bank of Indianapolis Corporation ("Company") and its Subsidiaries by encouraging
their officers and key employees, upon whose judgment, initiative and industry
the Company and its Subsidiaries are largely dependent for the successful
conduct and growth of their business, to continue the association with the
Company and its Subsidiaries of such officers and key employees by providing
additional incentive and opportunity for unusual industry and efficiency through
stock ownership, and by increasing their proprietary interest in the Company and
their personal interest in its continued success and progress. The Plan provides
for the granting of (i) incentive stock options ("ISO's") and (ii) nonqualified
stock options ("NSO's").

     2. Administration.

     (a) The Plan shall be administered by a committee of not less than three
directors of the Company ("Committee") who shall be designated from time to time
by the Board of Directors. No director who is also an officer or key employee of
the Company or any of its Subsidiaries shall be eligible to serve as a member of
the Committee. No member of the Committee shall be eligible, at any time when he
is such a member, to receive the grant of an option under the Plan. The decision
of a majority of the members of the Committee shall constitute the decision of
the Committee. Subject to the provisions of the Plan, the Committee is
authorized (i) to grant ISO's and NSO's; (ii) to determine the employees to be
granted ISO's and NSO's; (iii) to determine the option period, the option price
and the number of shares subject to each option; (iv) to determine the time or
times at which options will be granted; (v) to determine the time or times when
each option becomes exercisable and the duration of the exercise period; (vi) to
determine other conditions and limitations, if any, applicable to the exercise
of each option; and (vii) to determine the nature and duration of the
restrictions, if any, to be imposed upon the sale or other disposition of shares
acquired by any optionee upon exercise of an option, and the nature of the
events, if any, and the duration of the period, in which any optionee's rights
in respect of shares acquired upon exercise of an option may be forfeited. Each
option granted under the Plan shall be evidenced by a written stock option
agreement containing terms and conditions established by the Committee
consistent with the provisions of the Plan, including such terms as the
Committee shall deem advisable in order that each ISO shall constitute an
"incentive stock option" within the meaning of Section 422 of the Internal
Revenue Code of 1986, as amended ("Code").

     (b) The Committee is authorized, subject to the provisions of the Plan, to
adopt, amend and rescind such rules and regulations as it may deem appropriate
for the administration of the Plan and to make determinations and
interpretations which it deems consistent with the Plan's provisions. The
Committee's determinations and interpretations shall be final and conclusive.

     (c) The Committee shall also determine, in its sole discretion, with
respect to each employee, whether such options shall be ISO's or NSO's, or any
combination thereof; and whether any employee shall be given discretion to
determine whether any options granted to him shall be ISO's or NSO's or any
combination thereof.

                                       1
<PAGE>

     (d) Neither the Plan nor any stock option agreement executed hereunder
shall constitute a contract of employment. Participation in the Plan does not
give any employee the right to be retained in the employ of the Company or any
Subsidiary and does not limit in any way the right of the Company or a
Subsidiary to change the duties or responsibilities of any employee or to
terminate the employment of any employee.

     3. Shares Covered by the Plan. The stock to be subject to options under the
Plan shall be shares of authorized common stock of the Company and may be
unissued shares or reacquired shares (including shares purchased in the open
market), or a combination thereof, as the Committee may from time to time
determine. Subject to the provisions of Paragraph 12, the maximum number of
shares to be delivered upon exercise of all options granted under the Plan shall
not exceed Two Hundred Twenty Thousand (220,000) shares. Shares covered by an
option that remain unpurchased upon expiration or termination of the option may
be made subject to further options.

     4. Eligibility. Officers and key employees of the Company or of any of its
Subsidiaries, as selected by the Committee, shall be eligible to receive grants
of ISO's and NSO's under the Plan. Members of the Committee shall not be
eligible to receive grants of options under the Plan while serving as members of
the Committee.

     5. Option Price.

     (a)The option price per share of stock under each ISO shall be not less
than the greater of Ten Dollars ($10.00) per share or one hundred percent (100%)
of the fair market value of the share on the date on which the option is
granted; provided, however, as to officers and key employees who, at the time an
ISO is granted, own, within the meaning of Section 425(d) of the Code, more than
ten percent (10%) of the total combined voting power of all classes of stock of
the Company or any Subsidiary ("Shareholder-Employees"), the purchase price per
share of stock under each ISO shall be not less than one hundred ten percent
(110%) of the fair market value of the stock on the date on which the option is
granted.

     (b) The option price per share of stock under each NSO shall be determined
by the Committee in its discretion; provided, however, the option price per
share shall not be less than Ten Dollars ($10.00) per share or one hundred
percent (100%) of the fair market value of the share on the date on which the
option is granted.

     (c) For all purposes of the Plan, the term "fair market value" shall be the
mean between the reported closing bid and asked prices for the shares of common
stock of the Company as quoted by the North American Securities Dealers
Automated Quotation System ("NASDAQ"). If the common stock of the Company is not
quoted by NASDAQ, the fair market value shall be determined by the Committee
based upon quotations of the entities which make a market in Company stock and
such other factors as the Committee shall deem appropriate. If the common stock
of the Company is not quoted by entities which make a market in the Company's
stock, the fair market value shall be determined by the Committee based upon
such factors as the Committee deems appropriate.

     6. Option Period. No option period shall exceed ten (10) years; provided,
however, the option period with respect to ISO's granted to
Shareholder-Employees shall not exceed five (5) years.

     7. Special Calendar Year Limitation on Shares Subject to ISO's. The
aggregate fair market value (determined at the time of the grant of the ISO's)
of the stock with respect to which ISO's are exercisable for the first time by
an eligible employee during any calendar year (under all

                                       2
<PAGE>

plans providing for the grant of incentive stock options of the Company or any
of its Subsidiaries) shall not exceed One Hundred Thousand Dollars
($100,000.00).

     8. Sequence of Exercising Incentive Stock Options. Any ISO granted to an
employee pursuant to the Plan shall be exercisable even if there are outstanding
previously granted but unexercised ISO's with respect to such employee.

     9. Early Termination of Option.

     (a) Termination of Employment. All rights to exercise an option shall
terminate effective as of the day the optionee's employment terminates unless
such termination is "for cause" as defined in subparagraph (b) or is on account
of the permanent and total disability or death of the optionee (but not later
than the date the option expires pursuant to its terms). Transfer of employment
from the Company to a corporation which is a Subsidiary of the Company, or vice
versa, or from one Subsidiary to another, shall not be deemed termination of
employment. The Committee shall have the authority to determine in each case
whether a leave of absence on military or government service shall be deemed a
termination of employment for purposes of this subparagraph.

     (b) For Cause Termination. If an optionee's employment is terminated for
cause, no previously unexercised option granted hereunder may be exercised.
Rather, all unexercised options shall terminate effective on the date the
optionee receives notice of his termination for cause. As used in this Plan,
"for cause" shall be defined as (i) the willful and continued failure of an
optionee to perform his required duties as an officer or employee of the Company
or any Subsidiary, (ii) action by an optionee involving willful misfeasance or
gross negligence, (iii) the requirement or direction of a federal or state
regulatory agency having jurisdiction over the Company or any Subsidiary to
terminate the employment of an optionee, (iv) conviction of an optionee of the
commission of any criminal offense involving dishonesty or breach of trust, or
(v) any intentional breach by an optionee of a material term, condition or
covenant of any agreement of employment, termination or severance or any other
agreement between the optionee and the Company or any Subsidiary.

     (c) Permanent and Total Disability or Death of Optionee. If an optionee's
employment terminates due to permanent and total disability or death, his option
shall terminate one (1) year after termination of his employment due to his
permanent and total disability or death (but not later than the date the option
expires pursuant to its terms). During such period, subject to the limitations
of the option grant, the optionee, his guardian, attorney-in-fact or personal
representative, as the case may be, may exercise the option in full. As used
herein, "permanent and total disability" shall have the meaning ascribed to such
term by Section 22(e)(3) of the Code.

     (d) Change in Control or Death or Disability of Optionee. In the event of a
Change in Control of the Company or upon the death or permanent and total
disability of the optionee, the options covered by such agreement may be
exercised in full without regard to any restrictions on the vesting of such
options contained in the option agreement between the Company and the optionee.

     10. Payment for Stock. Full payment for shares purchased shall be made at
the time of exercising the option in whole or in part. Such payment may be made
either (a) in cash or (b) at the discretion of the Committee, by delivering
whole shares of common stock of the Company (the "Delivered Stock") or a
combination of cash and Delivered Stock. Delivered Stock shall be valued by the
Committee at its fair market value determined as of the date of the exercise of
the option in accordance with the provisions of paragraph 5. No shares shall be
issued until full payment for them has been made, and an optionee shall have
none of the rights of a shareholder with respect to such

                                       3
<PAGE>

shares until such shares are issued to him. Upon payment of the full purchase
price, the Company shall issue a certificate or certificates to the optionee
evidencing ownership of the shares purchased pursuant to the exercise of the
option which contain(s) such terms, conditions and provisions as may be required
and as are consistent with the terms, conditions and provisions of the Plan and
the stock option agreement between the optionee and the Company.

     11. Nontransferability. No option shall be transferable, except by the
optionee's will or the laws of descent and distribution. During the optionee's
lifetime, his option shall be exercisable (to the extent exercisable) only by
him. The option and any rights and privileges pertaining thereto shall not be
transferred, assigned, pledged or hypothecated by him in any way, whether by
operation of law or otherwise and shall not be subject to execution, attachment,
or similar process.

     12. Changes in Stock.

     (a) Subject to the provisions of paragraph 9(d), in the event of any change
in the common stock of the Company through stock dividends, split-ups,
recapitalizations, reclassifications, conversions, or otherwise, or in the event
that other stock shall be converted into or substituted for the present common
stock of the Company as the result of any merger, consolidation, reorganization
or similar transaction which results in a Change in Control of the Company, then
the Committee may make appropriate adjustment or substitution in the aggregate
number, price, and kind of shares available under the Plan and in the number,
price and kind of shares covered under any options granted or to be granted
under the Plan. The Committee's determination in this respect shall be final and
conclusive. Provided, however, that the Company shall not, and shall not permit
its Subsidiaries to, recommend, facilitate or agree or consent to a transaction
or series of transactions which would result in a Change of Control of the
Company unless and until the person or persons or entity or entities acquiring
or succeeding to the assets or capital stock of the Company or any of its
Subsidiaries as a result of such transaction or transactions agrees to be bound
by the terms of the Plan so far as it pertains to options theretofore granted
but unexercised and agrees to assume and perform the obligations of the Company
hereunder. Notwithstanding the foregoing provisions of this paragraph 12(a), no
adjustment shall be made which would operate to reduce the option price of any
ISO below the fair market value of the stock (determined at the time the option
was granted) which is subject to an ISO.

     (b) Subject to the provisions of paragraph 9(d), in the event of a Change
in Control of the Company pursuant to which another person or entity acquires
control of the Company (such other person or entity being the "Successor"), the
kind of shares of common stock which shall be subject to the Plan and to each
outstanding option, shall, automatically by virtue of such Change in Control of
the Company, be converted into and replaced by shares of common stock, or such
other class of securities having rights and preferences no less favorable than
common stock of the Successor, and the number of shares subject to the option
and the purchase price per share upon exercise of the option shall be
correspondingly adjusted, so that, by virtue of such Change in Control of the
Company, each optionee shall have the right to purchase (i) that number of
shares of common stock of the Successor which have a fair market value equal, as
of the date of such Change in Control of the Company, to the fair market value,
as of the date of such Change in Control, of the shares of common stock of the
Company theretofore subject to his option, and (ii) for a purchase price per
share which, when multiplied by the number of shares of common stock of the
Successor subject to the option, shall equal the aggregate exercise price at
which the optionee could have acquired all of the shares of common stock of the
Company theretofore optioned to the optionee.

     13. Use of Proceeds. The proceeds received by the Company from the sale of
stock pursuant to the Plan will be used for general corporate purposes.

                                       4
<PAGE>

     14. Investment Representations. Unless the shares subject to an option are
registered under the Securities Act of 1933, each optionee in the stock option
agreement between the Company and the optionee shall agree for himself and his
legal representatives that any and all shares of common stock purchased upon the
exercise of the option shall be acquired for investment and not with a view to,
or for sale in connection with, any distribution thereof. Any share issued
pursuant to an exercise of an option subject to this investment representation
shall bear a legend evidencing such restriction.

     15. Amendment and Discontinuance. The Board of Directors may, at any time,
without the approval of the stockholders of the Company, (except as otherwise
required by applicable law, rule or regulations, including without limitation
any shareholder approval of the safe harbor rule promulgated under the
Securities Exchange Act of 1934) alter, amend, modify, suspend, or discontinue
the Plan, but may not, without the consent of the holder of an option, make any
alteration which would adversely affect an option previously granted under the
Plan or, without the approval of the stockholders of the Company, make any
alteration which would: (a) increase the aggregate number of shares subject to
options under the Plan, except as provided in paragraphs 9(c) and 12; (b)
decrease the minimum option price, except as provided in paragraph 12; (c)
permit any member of the Committee to become eligible for options under the
Plan; (d) withdraw administration of the Plan from the Committee or the Board of
Directors; (e) extend the term of the Plan or the maximum period during which
any option may be exercised; (f) change the manner of determining the option
price; (g) change the class of individuals eligible for options under the Plan;
or (h) without the consent of the holder of the option, alter or impair any
option previously granted under the Plan.

     16. Liability. No member of the Board of Directors, the Committee or
officers or employees of the Company or its Subsidiaries shall be personally
liable for any action, omission or determination made in good faith in
connection with the Plan.

     17. Effective Date and Duration. This Plan shall become effective upon its
approval by a majority of the shares of common stock of the Company. Options may
be granted under the Plan for a period of ten (10) years commencing June 1,
1993, the date on which the Board of Directors approved the Plan; provided,
however, that no option may be exercised until the Plan has been approved by the
shareholders of the Company, as provided in the first sentence of this paragraph
17. No options shall be granted after May 31, 2003. Upon such date, the Plan
shall expire except as to outstanding options and which options and rights shall
remain in effect until they have been exercised or terminated or have expired.
ISO's must be granted within ten (10) years of the date the Plan is adopted by
the Board of Directors of the Company or approved by the shareholders of the
Company, whichever is earlier.

     18. Miscellaneous.

     (a) The term "Board" or "Board of Directors" used herein shall mean the
Board of Directors of the Company, unless the context clearly requires
otherwise, and to the extent that any powers and discretion vested in the Board
of Directors are delegated to any committee of the Board, the term "Board of
Directors" shall also mean such committee.

     (b) The term "Subsidiary" or "Subsidiaries" used herein shall mean any
banking institution or other corporation more than fifty percent (50%) of whose
total combined voting stock of all classes is held by the Company or by another
corporation qualifying as a Subsidiary within this definition.

     (c) The term "Change in Control of the Company" used herein shall mean (i)
any

                                       5
<PAGE>

merger, consolidation or similar transaction which involves the Company or
any Subsidiary and in which persons who are the shareholders of the Company
immediately prior to such transaction own, immediately after such transaction,
shares of the surviving or combined entity which possess voting rights equal to
or less than fifty percent (50%) of the voting rights of all shareholders of
such entity, determined on a fully diluted basis; (ii) any sale, lease,
exchange, transfer or other disposition of all or any substantial part of the
assets of the Company or any Subsidiary; (iii) any tender, exchange, sale or
other disposition (other than dispositions of the stock of the Company or any
Subsidiary in connection with bankruptcy, insolvency, foreclosure, receivership
or other similar transactions) or purchases (other than purchases by the Company
or any Company-sponsored employee benefit plan, or purchases by members of the
Board of Directors of the Company or any Subsidiary) of more than twenty-five
percent (25%) of the common stock of the Company or any Subsidiary; (iv) during
any period of two (2) consecutive years during the term of the Plan specified in
paragraph 17, individuals who at the date of the adoption of the Plan constitute
the Board of Directors of the Company cease for any reason to constitute at
least a majority thereof, unless the election of each director at the beginning
of such period has been approved by directors representing at least a majority
of the directors then in office who were directors on the date of the adoption
of the Plan; or (v) a majority of the Board of Directors or a majority of the
shareholders of the Company approve, adopt, agree to recommend, or accept any
agreement, contract, offer or other arrangement providing for, or any series of
transactions resulting in, any of the transactions described above.
Notwithstanding the foregoing, a Change in Control of the Company shall not
occur as a result of the issuance of stock by the Company in connection with any
private placement offering of its stock or any public offering of its stock.

AMENDED AND RESTATED AS OF MAY 20, 1999

                                     THE NATIONAL BANK OF INDIANAPOLIS
                                     CORPORATION

                                     By: /s/ Morris L. Maurer
                                         --------------------------------------
                                         Morris L. Maurer, President
ATTEST:

/s/ Morris L. Maurer
----------------------------------------
Michael S. Maurer, Chairman of the Board

                                       6

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