Document:

Exhibit 10.6

                         EMPLOYMENT PROTECTION AGREEMENT

         This EMPLOYMENT PROTECTION AGREEMENT (the "Agreement"), made as of this
23RD DAY OF JULY, 2004, by and among Pointe Bank, a Florida chartered commercial
bank having its principal place of business in Boca Raton, Florida (the "Bank"),
Pointe Financial Corporation, a Florida corporation owning all of the issued and
outstanding shares of capital stock of the Bank (the "Corporation") (the Bank
and the Corporation, collectively, the "Employers"), and CHARLES D. UMBERGER, an
individual residing in CORAL GABLES, Florida (the "Employee").

         WHEREAS, Employee is currently serving as the SENIOR VICE
PRESIDENT-BUSINESS BANKING of the Bank and the SENIOR VICE PRESIDENT-BUSINESS
BANKING of the Corporation; and

         WHEREAS, Employee has made and is expected to continue to make a
significant contribution to the management, profitability, and growth of the
Bank, and consequently, of the Corporation; and

         WHEREAS, Employee possesses an intimate knowledge of the Bank's
business and affairs, including its policies, plans, methods, personnel and
problems; and

         WHEREAS, the Boards of Directors of the Employers (the "Boards")
believe that it is in the best interests of the Employers and the shareholders
of the Corporation to encourage the Employee's continued employment with and
dedication to the Employers in the face of potentially distracting circumstances
arising from the possibility of a change of control of the Employers, although
no such change is now contemplated; and

         WHEREAS, the Boards have approved and authorized the entry into this
Agreement with the Employee; and

         WHEREAS, the parties desire to enter into this Agreement setting forth
the terms and conditions for the payment of special compensation to the Employee
in the event of a termination of the Employee's employment in connection with or
as the result of a change of control of the Employers;

         NOW, THEREFORE, it is AGREED as follows:

         1. TERM. This Agreement shall be effective immediately upon its
execution. Notwithstanding the foregoing, nothing in this Agreement shall confer
upon Employee a right to be employed by Employers at any time; the Employer
reserves the right to terminate the Employee, subject to Section 2.1, for any
reason or no reason at all.

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         2. TERMINATION OF EMPLOYMENT IN CONNECTION WITH A CHANGE OF CONTROL.

                  (a) If during the term of this Agreement there is a "Change of
Control" (as defined below) and the Employee's employment is terminated,
voluntarily by the Employee with "Good Reason" (as defined below) or
involuntarily without "Cause" (as defined below), in either case (1) within two
years after such Change of Control, (2) concurrently with a Change of Control or
(3) before and in connection with an anticipated Change of Control as reasonably
determined by the Boards of Directors of the Employers (including, without
limitation, after the Corporation has entered into an agreement, the
consummation of which will constitute a Change of Control, or engaged in
substantive negotiations with respect to an anticipated Change of Control) then,
subject to Sections 2(e), (f), and (g) below, the following shall apply:

                           (i) Concurrently with such termination of employment,
the Employers shall pay to the Employee a lump sum cash payment equal to the sum
of:

                                    (A) 2 multiplied by the Employee's annual
base salary from the Employers in effect immediately before the Change of
Control; and

                                    (B) 2 multiplied by the greater of (1) the
average award paid or payable to the Employee under the Annual Incentive Plan
with respect to the previous three full fiscal years; or (2) the Employee's
target award under the Annual Incentive Plan for the current fiscal year; and

                                    (C) 2 multiplied by the greater of (1) the
average award paid or payable to the Employee under the Long Term Incentive Plan
and/or the Shareholder Value Plan with respect to the previous three full fiscal
years; or (2) 200 percent of the Employee's target award under the most recent
plan implemented by the Boards of Directors of the Employers under the Long Term
Incentive Plan.

                           (ii) For 24 months after such termination, the
Employers, to the extent permissible under the benefit plans in effect at the
time, shall continue in effect all medical, prescription, dental and life
insurance plans for the benefit of the Employee and, if applicable, the
Employee's family, which would have been provided to them if the Employee's
employment had not been terminated, on substantially the same terms available to
the Employee prior to the termination; provided, however, that in the event that
Employee's participation in any such plan, program, or arrangement is
prohibited, the Employers shall use commercially reasonable efforts to provide
Employee with benefits substantially similar to those which he would have been
entitled to receive if he had remained a participant for such 24 month period;
provided further that if the Employee becomes reemployed with another employer
and is eligible to receive medical, prescription or dental benefits under such
new employer's plan, such Employee shall be required to participate in such new

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employer's plan and Employee's rights to receive medical, prescription and
dental benefits under this Agreement shall be secondary to those available under
such other plan during such applicable period of participation; and

                           (iii) The Employers shall pay for the reasonable cost
of professional career counseling assistance for the Employee incurred within
one year of termination in an amount not to exceed $25,000.00; and

                           (iv) For any benefit under the Pointe Financial
Corporation Annual Incentive Plan, the Pointe Financial Corporation Long Term
Incentive Plan, the Pointe Financial Corporation Shareholder Value Plan, the
Pointe Financial Corporation Savings Plan and Trust or the Pointe Financial
Corporation 1998 Incentive Compensation and Stock Award Plan, in which the
Employee was entitled to participate, to the extent permissible under such plan
and applicable law, any benefit not previously paid shall be paid in a lump sum,
any benefit not previously vested shall become fully vested, any benefit not
previously exercisable shall become fully exercisable, and any benefit subject
to restrictions or risk of forfeiture shall be free of all such restrictions and
fully vested in Employee.

In consideration for the payments under this Section 2(a), Employee shall
execute a Separation Agreement and General Release, in the form attached hereto
as "Exhibit A," acknowledging that payments under this Section 2(a) shall be in
lieu of any amount that may be otherwise owed to the Employee as damages for the
loss of employment and releasing Employers, their affiliates and related parties
from all claims, rights and liabilities of every kind, whether or not known now
to exist, which Employee ever had or may have arising out of Employee's
employment with the Employers or termination of that employment. Payments under
this Section 2(a) shall not be reduced by any compensation which the Employee
may receive from other employment with another employer after termination of the
Employee's employment with the Employers. No payment hereunder shall affect the
Employee's entitlement to any vested retirement benefits.

                  (b) For purposes of this Agreement, "Good Reason" shall mean
(i) a material reduction in the Employee's authority, duties, responsibilities;
(ii) a reduction in the Employee's base salary or a material reduction in the
aggregate value of all other compensation benefits combined to which the
Employee is entitled to receive pursuant to the Pointe Financial Corporation
Compensation Handbook; or (iii) any requirement by the Employers without the
written consent of the Employee that the Employee relocate to a place more than
60 miles from CORAL GABLES, Florida to perform his or her duties. Employee shall
provide the Bank with thirty (30) calendar days' written notice of resignation
and such notice shall set forth the reasons why the Employee believes that Good
Reason exists. The Bank shall either accept or reject the Employee's proffered
reason by the end of the 30-day notice period, but if the Bank fails to either
accept or reject the Employee's proffered reason, the Employee shall be

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conclusively deemed to have voluntarily resigned with Good Reason. If the Bank
rejects the Employee's proffered reason, the Bank shall provide the Employee
with a written statement of the reasons for such rejection and the Bank shall
have the burden of proving that such rejection of the Employee's statement was
proper. If the Bank accepts the Employee's proffered reason, the Bank may either
(i) accept the Employee's resignation and acknowledge its responsibilities under
this Agreement or (ii) cure the reason designated by Employee by the end of the
30-day notice period. The Employee has fifteen (15) calendar days to either
accept or reject any cure by the Bank; provided, however, that if the Employee
rejects such cure, the Employee agrees to negotiate in good faith with the Bank
to find a mutually acceptable cure within thirty (30) calendar days of the
Employee's rejection. If the Employee has not accepted a cure proposed by the
Bank by the end of negotiations, the Employee shall have the burden of proving
that the Bank's proposals were insufficient to cure the Employee's Good Reason
for voluntarily terminating employment.

                  (c) For purposes of this Agreement, "Cause" shall mean the
Employee's (1) personal dishonesty, incompetence, willful misconduct; (2) breach
of fiduciary duty involving personal profit, intentional failure to perform
material stated duties; (3) willful violation of any law, rule, or regulation
(other than traffic violations or similar offenses); (4) being a specific
subject of a final cease and desist order from, written agreement with, or other
order or supervisory direction from, any federal or state banking or securities
regulatory authority; or (5) conduct tending to bring the Employers or any of
its subsidiaries into substantial public disgrace or disrepute. In determining
incompetence, the acts or omissions shall be measured against standards
generally prevailing in the financial institutions industry; provided, it shall
be the burden of the Employers to prove the alleged acts and omissions and the
prevailing nature of the standards the Employers shall have alleged are violated
by such acts or omissions.

                  (d) For purposes of this Agreement, a "Change of Control"
shall mean:

                           (1) The acquisition by any individual, entity or
group (within the meaning of Section 13(d) (3) or 14(d) (2) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act")) (a "Person") of
beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 40% or more of either (i) the then outstanding shares of common
stock of the Corporation (the "Outstanding Company Common Stock"), or (ii) the
combined voting power of the then outstanding voting securities of the
Corporation entitled to vote generally in the election of directors (the
"Outstanding Company Voting Securities"); provided, however, that for purposes
of this subsection (1), the following acquisitions shall not constitute a Change
of Control: (i) any acquisition directly from the Corporation, (ii) any
acquisition by the Corporation, (iii) any acquisition by any employee benefit
plan (or related trust) sponsored or maintained by the Corporation, the Bank or
any other corporation controlled by the Corporation, or (iv) any acquisition by

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any corporation pursuant to a transaction that complies with clauses (i), (ii)
and (iii) of subsection (3) of this Section 2(d); or

                           (2) Individuals who, as of the date of hereof,
constitute the Board of Directors of the Corporation (the "Incumbent Board")
cease for any reason to constitute at least a majority of such Board of
Directors (the "Corporation Board"); provided, however, that any individual
becoming a director subsequent to the date of hereof whose election, or
nomination for election by the Corporation's shareholders, was approved by a
vote of at least a majority of the directors then comprising the Incumbent Board
shall be considered as though such individual were a member of the Incumbent
Board; provided, further, that any such individual who becomes a Director of the
Corporation as a result of an actual or threatened contested election with
respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a person other than the
Corporation Board shall not be considered as though such individual were a
member of the Incumbent Board; or

                           (3) Consummation of a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the
assets of the Corporation (a "Business Combination"), in each case, unless,
following such Business Combination, (i) all or substantially all of the
individuals and entities who were the beneficial owners, respectively, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to such Business Combination beneficially own, directly or
indirectly, more than 50% of, respectively, the then outstanding shares of
common stock and the combined voting power of the then outstanding voting
securities entitled to vote generally in the election of directors, as the case
may be, of the corporation resulting from such Business Combination (including,
without limitation, a corporation which as a result of such transaction owns the
Corporation or all or substantially all of the Corporation's assets either
directly or through one or more subsidiaries) in substantially the same
proportions as their ownership, immediately prior to such Business Combination
of the Outstanding Company Common Stock and Outstanding Company Voting
Securities, as the case may be, (ii) no person (excluding any corporation
resulting from such Business Combination or any employee benefit plan (or
related trust) of the Corporation, the Bank, such corporation resulting from
such Business Combination or a corporation controlled by any of them)
beneficially owns, directly or indirectly, 20% or more of, respectively, the
then outstanding shares of common stock of the corporation resulting from such
Business Combination or the combined voting power of the then outstanding voting
securities of such corporation except to the extent that such ownership existed
prior to the Business Combination and (iii) at least a majority of the members
of the board of directors of the corporation resulting from such Business
Combination were members of the Incumbent Board at the time of the execution of
the initial agreement, or of the action of the Board, providing for such
Business Combination; or

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                           (4) Approval by the shareholders of the Corporation
of a complete liquidation or dissolution of the Corporation without the
establishment of a successor corporation.

                  (e) (1) Notwithstanding any other provision of this Agreement
or of any other agreement, contract, or understanding heretofore or hereafter
entered into by the Employee and the Employers, except an agreement, contract,
or understanding hereafter entered into that expressly modifies or excludes
application of this Section 2(e) (the "Other Agreements"), and notwithstanding
any formal or informal plan or other arrangement for the direct or indirect
provision of compensation to the Employee (including groups or classes of
participants or beneficiaries of which the Employee is a member), whether or not
such compensation is deferred, is in cash, or is in the form of a benefit to or
for the Employee (a "Benefit Plan"), the Employee shall not have any right to
receive any payment or other benefit under this Agreement, any Other Agreement,
or any Benefit Plan if such payment or benefit, taking into account all other
payments or benefits to or for the Employee under this Agreement, all Other
Agreements, and all Benefit Plans, would cause any payment to the Employee under
this Agreement to be considered a "parachute payment" within the meaning of
Section 280G(b)(2) of the Internal Revenue Code of 1986, as amended (the "Code")
(a "Parachute Payment"). In the event that the receipt of any such payment or
benefit under this Agreement, any Other Agreement, or any Benefit Plan would
cause the Employee to be considered to have received a Parachute Payment under
this Agreement, then the Employee shall have the right, in the Employee's sole
discretion, to designate those payments or benefits under this Agreement, any
Other Agreements, and/or any Benefit Plans, which should be reduced or
eliminated so as to avoid having the payment to the Employee under this
Agreement be deemed to be a Parachute Payment.

                           (2) All determinations required to be made under this
Section 2(e), including whether and when the payments and benefits referred to
in Section 2(e)(1) shall be reduced, shall be made by the certified public
accounting firm engaged by the Employers for such purpose or such other
certified public accounting firm as may be designated by the Employee and shall
be reasonably acceptable to the Employers (the "Accounting Firm") which shall
provide detailed supporting calculations both to the Employers and the Employee
within 15 business days of the receipt of notice from the Employee that such a
determination is required, or such earlier time as is requested by the
Employers. In the event that the Accounting Firm is serving as accountant or
auditor for the individual, entity or group effecting a change in the ownership
or effective control (as defined for purposes of Section 280G of the Code of the
Employers, the Employee shall appoint another nationally recognized accounting
firm which is reasonably acceptable to the Employers to make the determinations
required hereunder (which accounting firm shall then be referred to as the
Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall
be borne solely by the Employers. Any determination by the Accounting Firm shall
be binding upon the Employers and the Employee. As a result of the uncertainty

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in the application of Section 280G of the Code at the time of the initial
determination by the Accounting Firm hereunder, it is possible that additional
adjustments may be required. The Employee shall promptly repay to the Employers
any amount that is later determined to constitute a Parachute Payment, with
interest at 120% of the applicable federal rate, as defined for purposes of
Section 280G of the Code and all such amounts shall be treated as loans from the
Employers to the Employee.

                  (f) Notwithstanding any other provision in this Agreement,
this Agreement shall terminate upon Employee's death (1) prior to a Change in
Control or (2) Employee's death after a Change in Control but prior to (i)
Employee's voluntary termination of employment for Good Reason or (ii)
Employee's termination of employment by Employer without Cause.

                  (g) Notwithstanding any other provision in this Agreement, (i)
the Employers may terminate or suspend this Agreement and the employment of the
Employee, as if such termination were for Cause, to the extent required by the
applicable laws of the State of Florida related to banking, by applicable
federal law, including without limitation, the Federal Deposit Insurance Act and
the Bank Holding Company Act of 1956, as amended, or by regulations or orders
issued by the Florida Office of Financial Regulation, the Board of Governors of
the Federal Reserve System, the Federal Deposit Insurance Corporation or other
state or federal banking regulatory agency having jurisdiction over the
Corporation or the Bank and (ii) no payment shall be required to be made to or
for the benefit of the Employee under this Agreement to the extent such payment
is prohibited by applicable law, regulation or order issued by a banking agency
or a court of competent jurisdiction; provided, that it shall be the Employers'
burden to prove that any such action was so required.

         3. CONFIDENTIALITY. The Employee shall not, without the prior written
consent of the Employers, disclose or use in any way, either during the
Employee's employment or thereafter, except as required in the course of his
employment by Employers, any confidential business or technical information or
trade secret acquired in the course of the Employee's employment by the
Employers. The Employee acknowledges and agrees that it would be difficult to
fully compensate the Employers for damages resulting from the breach or
threatened breach of the foregoing provision and, accordingly, that the
Employers shall be entitled to temporary preliminary injunctions and permanent
injunctions to enforce such provision. This provision with respect to injunctive
relief shall not, however, diminish the Employers' right to claim and recover
damages. The Employee covenants to use his best efforts to prevent the
publication or disclosure of any trade secret or any confidential information
concerning the business or finances of Employers or Employers' affiliates, or
any of their dealings, transactions or affairs which may come to the Employee's
knowledge in the pursuance of his duties or employment.

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         4. NO ASSIGNMENTS. This Agreement is personal to each of the parties
hereto. No party may assign or delegate any rights or obligations hereunder
without first obtaining the written consent of the other party hereto. However,
in the event of the death of the Employee, all rights to receive payments
hereunder shall become rights of the Employee's estate. Subject to the
provisions hereof restricting assignment, this Agreement shall be binding upon
the parties hereto and shall inure to the benefit of the parties and their
respective heirs, devisees, executors, administrators, legal representatives,
successors and assigns.

         5. AMENDMENTS OR ADDITIONS; ACTION BY BOARD OF DIRECTORS. No amendments
or additions to this Agreement shall be binding unless in writing and signed by
both parties hereto. The prior approval by a majority affirmative vote of the
full Boards shall be required in order for the Employers to authorize any
amendments or additions to this Agreement.

         6. SECTION HEADINGS. The section headings used in this Agreement are
included solely for convenience and shall not affect, or be used in connection
with, the interpretation of this Agreement.

         7. GOVERNING LAW. This Agreement shall be governed by the laws of the
United States to the extent applicable, and otherwise by the laws of the State
of Florida applicable to contracts entered into and performed wholly within its
borders. Any action arising out of or relating to this Agreement may, at the
election of the Employers, be brought and prosecuted only in that State, and in
the event of such election, Employee consents to the jurisdiction and venue of
any courts of or in such jurisdiction.

         8. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
between the parties respecting the employment of the Employee, there being no
representations, warranties or commitments except as set forth herein.

         9. WITHHOLDING TAXES. The Bank may withhold from any benefits payable
under this Agreement all federal, state, city, or other taxes as shall be
required pursuant to any law or governmental regulation or ruling.

         10. NOTICES. All notices, demands, requests, or other communications
which may be or are required to be given, served, or sent by any party to any
other party pursuant to this Agreement shall be in writing and shall be hand
delivered, sent by overnight courier or mailed by first-class, registered or
certified mail, return receipt requested, postage prepaid, addressed as follows:

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                  (i) If to the Employers:

                           Pointe Financial Corporation
                           21845 Powerline Road
                           Boca Raton, FL 33433
                           Attn:  Chief Executive Officer

                  with a copy (which shall not constitute notice) to:

                           Stuart G. Stein
                           Hogan & Hartson L.L.P.
                           555 13th Street, N.W.
                           Washington, DC  20004-1109
                           Fax:  202/637-5910

                  (ii) If to the Employee:

                           CHARLES D. UMBERGER
                           1220 SAN REMO AVENUE
                           CORAL GABLES, FLORIDA 33146

                           Each party may designate by notice in writing a new
address to which any notice, demand, request or communication may thereafter be
so given, served or sent. Each notice, demand, request, or communication which
shall be hand delivered, sent, or mailed in the manner described above, shall be
deemed sufficiently given, served, sent, received or delivered for all purposes
at such time as it is delivered to the addressee (with the return receipt or the
delivery receipt), or at such time as delivery is refused by the addressee upon
presentation.

         11. SEVERABILITY. The invalidity or unenforceability of any one or more
provisions of this Agreement shall not affect the validity or enforceability of
the other provisions of this Agreement, which shall remain in full force and
effect.

         12. COUNTERPARTS. This Agreement may be executed in two or more
counterparts, each of which shall be an original and all of which shall be
deemed to constitute one and the same instrument.

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         IN WITNESS WHEREOF, the undersigned have duly executed and delivered
this Agreement, or have caused this Agreement to be duly executed and delivered
on their behalf, as of the date written above.

POINTE BANK

By: /s/ R. Carl Palmer, Jr.                 Attest: /s/ Jean Murphy-Engler
   ---------------------------------               -----------------------------
   R. Carl Palmer, Jr., President                  Jean Murphy-Engler, Secretary

POINTE FINANCIAL CORPORATION

By: /s/ R. Carl Palmer, Jr.                 Attest: /s/ Jean Murphy-Engler
   ---------------------------------               -----------------------------
   R. Carl Palmer, Jr., President                  Jean Murphy-Engler, Secretary

EMPLOYEE

/s/ CHARLES D. UMBERGER
------------------------------------
CHARLES D. UMBERGER

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                                    EXHIBIT A

                    SEPARATION AGREEMENT AND GENERAL RELEASE

                  AGREEMENT made as of [_____], 20[_____] by and between CHARLES
D. UMBERGER ("Employee," "You" or "Your") and Pointe Bank and Pointe Financial
Corporation (the "Employers," "We" or "Our").

                  In consideration of the promises and conditions set forth
below, and intending to be legally bound, you and the Employers agree as
follows:

         1. Termination of Employment: You acknowledge that your employment with
the Employers is terminated effective on [_____], 20[_____] and that such
termination is in connection with a Change of Control, as such term is defined
in the Employment Protection Agreement effective [_____], 20[_____].

         2. Change of Control Benefits: If you sign this Agreement and comply
with its terms, we will provide you with the following benefits pursuant to your
Employment Protection Agreement:

                  a. a lump sum cash payment of $[_____] equal to the sum of:

                           i. 2 multiplied by your annual base salary in effect
immediately before the Change of Control; and

                           ii. 2 multiplied by [your average award under the
Annual Incentive Plan for the previous three full fiscal years][your target
award under the Annual Incentive Plan for the current fiscal year]; and

                           iii. 2 multiplied by [your average award under the
[Long Term Incentive Plan] [Shareholder Value Plan] for the previous three full
fiscal years][200 percent of your target award under the most recent plan
implemented by the Boards of Directors of the Employers under the [Long Term
Incentive Plan]] [; and

[To be used if any pro-rata payouts under the incentive plans have not already
been paid]

                           iv. the pro-rata award to which you are entitled to
receive pursuant to the terms of the Annual Incentive Plan, the Long Term
Incentive Plan, and the Shareholder Value Plan for the fiscal year in which the
Change of Control occurred for services rendered and results achieved prior to
such Change of Control;]

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less tax withholding and other deductions required by law, in accordance with
the Employers' regular payroll practices

                  b. payment of the premiums necessary for the continuation of
your current medical, prescription, dental and life insurance plans or
substantially similar benefits to those received while employed by us for 24
months after termination of employment, except that if you become reemployed by
another employer and are eligible to receive such benefits from your new
employer, these benefits will be secondary to those provided by your new
employer; and

                  c. payment for the reasonable cost of professional career
counseling assistance incurred within one year of termination in an amount not
to exceed $25,000.00; and

                  d. payment of any benefits you are entitled to under the
Pointe Financial Corporation Savings Plan and Trust or the Pointe Financial
Corporation 1998 Incentive Compensation and Stock Award Plan, to the extent
permissible under such plan, benefits carrying a right to exercise will become
fully exercisable and vested, and any applicable restrictions or forfeiture
conditions on such benefits will lapse and the awards will be deemed fully
vested and any performance conditions fulfilled.

The Change of Control Benefits will not become due until on or after Effective
Date (as defined in Paragraph 5, below).

         3. Waiver and Release:

                  a. In exchange for the Change of Control Benefits promised to
you in the Employment Protection Agreement, and as a material inducement for
that promise, you hereby WAIVE, RELEASE and FOREVER DISCHARGE the Employers
and/or related persons from any and all claims, rights and liabilities of every
kind, whether or not you now know them to exist, which you ever had or may have
arising out of your employment with the Employers or termination of that
employment. This WAIVER and RELEASE includes, but is not limited to, any claim
for unlawful discrimination under the Age Discrimination in Employment Act of
1967, as amended ("ADEA"), Title VII of the Civil Rights Act of 1964, as
amended, the Americans with Disabilities Act of 1990, 42 U.S.C. ss. 1981, the
Worker Adjustment and Retraining Notification Act ("WARN"), and the Family and
Medical Leave Act of 1993, and any violation of any other federal, state or
local constitution, statute, rule, regulation or ordinance, or for breach of
contract, wrongful discharge, tort or other civil wrong. To the fullest extent
permitted by law, you PROMISE NOT TO SUE or bring any charges, complaints or
lawsuits related to the claims you are waiving by this Agreement against the
Employers and/or related persons in the future, individually or as a member of a
class, and you will immediately withdraw with prejudice any such charges,

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complaints and lawsuits that you began before signing this Agreement. NOTHING IN
THIS AGREEMENT SHALL LIMIT OR RESTRICT YOUR RIGHT UNDER THE ADEA TO CHALLENGE
THE VALIDITY OF THIS AGREEMENT IN A COURT OF LAW.

                  b. If you violate this Agreement by bringing or maintaining
any charges, claims, grievances, or lawsuits contrary to this Paragraph, you
will pay all costs and expenses of the Employers and/or related persons in
defending against such charges, claims or actions brought by you or on your
behalf, including reasonable attorney's fees, and will be required to give back,
at the Employers' sole discretion, the value of anything paid by the Employers
in exchange for this Agreement. THIS PARAGRAPH 3(B), HOWEVER, WILL NOT APPLY TO
ANY CLAIM YOU MAY BRING TO ENFORCE YOUR RIGHTS UNDER THE ADEA.

                  c. As referred to in this Agreement, "the Employers and/or
related persons" includes the Employers, its parents, subsidiaries, affiliates
and divisions, their respective successors and assigns, and all of their past
and present directors, officers, representatives, shareholders, agents,
employees, whether as individuals or in their official capacity, and the
respective heirs and personal representatives of any of them.

                  d. This WAIVER, RELEASE and PROMISE NOT TO SUE is binding on
you, your heirs, legal representatives and assigns. IT DOES NOT APPLY TO ANY
CLAIM THAT MAY ARISE UNDER THE ADEA AFTER THE DATE THAT YOU SIGN THIS AGREEMENT.

         4. Employee Review Period: You have a period of up to 21 calendar days
to review and consider this Agreement. YOU ARE ADVISED TO CONSULT WITH AN
ATTORNEY BEFORE YOU SIGN THIS AGREEMENT.

         5. Revocation; Effective Date: You have the right to revoke this
Agreement within 7 calendar days of signing it. Your notice of revocation must
be in writing and addressed and delivered to the attention of Chief Executive
Officer, Pointe Financial Corporation, 21845 Powerline Road, Boca Raton, FL
33433 by hand-delivery or by certified mail, return receipt requested, on or
before the end of the 7-day period. This Agreement will not be effective or
enforceable against the Employers until 10 calendar days after it has received
your signed copy of this Agreement. That will be the "Effective Date" of this
Agreement. If you revoke this Agreement, it will not become effective, and you
will not receive the special severance benefits.

         6. Return of Information and Assets: You warrants and represents that
you returned all Employers' assets in your possession or under your direction or
control to the Employers and the originals and all copies of all files,
materials, documents or other property relating to the business of the Employers
on or before [_____], 20[_____].

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         7. Confidentiality; Non-disparagement: You shall keep the terms of this
Agreement confidential. You agree not at any time to talk about, write about,
discuss or otherwise publicize the terms or existence of this Agreement to
anyone other than your legal, tax or other financial advisors or immediate
family members, except in response to a subpoena, court directive or otherwise
as required by law. You will not disparage, denigrate or defame the Employers
and/or related persons, or any of their products or services. Because of the
difficulties in determining damages to the Employers in the event you breach the
terms of this Paragraph, you will pay the Employers $[_____] if you fail to
comply.

         8. No Other Assurances: You acknowledge that in deciding to sign this
Agreement you have not relied on any promises, statements, representations or
commitments, whether spoken or in writing, made to you by any representative of
the Employers, except for what is expressly stated in this Agreement. This
Agreement constitutes the entire understanding and agreement between you and the
Employers, and replaces and cancels all previous agreements and commitments,
whether spoken or written, in connection with the matters described.

         9. Governing Law; Jurisdiction: This Agreement shall be governed by and
enforced in accordance with the laws of the State of Florida, without regard to
its conflicts of law principles. Any action arising out of or relating to this
Agreement may, at the election of the Employers, be brought and prosecuted only
in that State, and in the event of such election, you consent to the
jurisdiction and venue of any courts of or in such jurisdiction.

         10. Modification in Writing: No oral agreement, statement, promise,
commitment or representation shall alter or terminate the provisions of this
Agreement. This Agreement cannot be changed or modified except by written
agreement signed by both you and an authorized representative of the Employers.

         11. Severability. If any term, provision, covenant or restriction
contained in this Agreement, or any part thereof, is held by a court of
competent jurisdiction or any foreign, federal, state, county or local
government or any other governmental regulatory or administrative agency or
authority or arbitration panel to be invalid, void, unenforceable or against
public policy for any reason, the remainder of the terms, provisions, covenants
and restrictions of this Agreement shall remain in full force and effect.

         12. No Admission of Liability: This Agreement does not constitute an
admission of any unlawful discriminatory acts or liability of any kind by the
Employers and/or related persons, or anyone acting under their supervision or on
their behalf. This Agreement may not be used or introduced as evidence in any
legal proceeding, except to enforce or challenge its terms.

                                       14
<PAGE>

         13. Employee Acknowledgement: By signing this Agreement, you
acknowledge and adopt the following declaration:

I, CHARLES D. UMBERGER, acknowledge that I have carefully read and considered
this Agreement; that I have been given the opportunity to review this Agreement
with legal or other advisors of my choice; that I understand that by signing
this Agreement I RELEASE legal claims and WAIVE certain rights; and that I
freely and voluntarily consent to all terms of this Agreement with full
understanding of what they mean.

CHARLES D. UMBERGER                 POINTE FINANCIAL CORPORATION

                                    By:
---------------------------            -----------------------------------------
Signature of Employee               Name:
                                    Title:

---------------------------         --------------------------------------------
Date Signed by Employee             Date Signed by Pointe Financial Corporation

                                    POINTE BANK

                                    By:
                                       -----------------------------------------
                                    Name:
                                    Title:

                                    --------------------------------------------
                                    Date Signed by Pointe Bank

                                       15EXHIBIT 10.7

                                 LEASE AGREEMENT

         THIS LEASE AGREEMENT (this "Lease") is made as of this 6th day of
April, 2004, between 4035 INC., a Florida corporation, the address of which is
165 East Boca Raton Road, Boca Raton, Florida 33432 (hereinafter referred to as
"Lessor"), and POINTE BANK, a Florida banking corporation, the address of which
is 21845 Powerline Road, Boca Raton 33433 (hereinafter referred to as "Lessee").

                                   WITNESSETH:

         For and in consideration of the rental herein reserved, and of the
covenants, conditions, agreements, and stipulations of Lessee hereinafter
expressed, the parties agree as follows:

         1. PREMISES. Lessor hereby leases to Lessee, and Lessee hereby leases
from Lessor, that property commonly known as 165 East Boca Raton Road, Boca
Raton, Florida 33432, as legally described on Exhibit "A" attached hereto,
together with all buildings and improvements located thereon and all rights
appurtenant thereto (the "Leased Premises").

         2. TERM. The term of this Lease (the "Term") shall be for a period of
five (5) years commencing on March 1, 2004 (the "Commencement Date") and
terminating on February 28, 2009. Lessor shall give Lessee exclusive possession
of the Leased Premises thirty (30) days after the date of execution of this
Lease. Lessee shall have the right to extend the Term of this Lease for five (5)
additional terms of one (1) year each (the "Extension Terms" or individually, an
"Extension Term") in its sole discretion upon delivering written notice to
Lessor of its intent to exercise this option to extend not less than sixty (60)
days before the expiration date of the initial Term or any previously exercised
Extension Term of this Lease. All provisions of this Lease shall be applicable
to the Extension Terms.

         3. RENTAL. Commencing on the Commencement Date, and continuing on the
same day of each month thereafter during the Term of this Lease, Lessee
covenants and agrees to pay to Lessor, at the address set forth above or at such
other address as Lessor may designate in writing, annual rent for the Leased
Premises, payable monthly in advance (the "Rent"). During the period commencing
on the Commencement Date and continuing through February 28, 2005, the Rent
shall be Six Thousand Dollars ($6,000.00) per month. Commencing March 1, 2005,
the monthly rent shall be equal to and not less than the monthly principal and
interest payment due under that promissory note executed by Lessor and delivered

                                       1
<PAGE>

to Southern Community Bank ("Lender") in the original principal amount of One
Million Two Hundred Thirty-Two Thousand Dollars ($1,232,000.00) dated November
30, 2003 (the "Note"). Lessor shall provide Lessee with written evidence from
Lender as to the amount of the monthly payment under the Note on or before March
1, 2005, and at any time there is a change in the interest rate under the Note
and, until such evidence is provided, Lessee shall continue to pay monthly
installments of Rent at the rate then in effect. During the Term of this Lease,
notwithstanding anything to the contrary set forth in this paragraph, Rent shall
be calculated only on the non-default interest rate set forth in the Note and
Lessor shall not modify the terms of the Note without the consent of Lessee. At
the request of Lessee, Lessor agrees to refinance the then-existing principal
balance of the Note with a loan to be made by Lessee to Lessor which shall be
secured by a first mortgage on the Leased Premises. Upon the completion of such
refinancing, the monthly payment of Rent shall be equal to and not less than the
monthly principal and interest payment due under the promissory note payable to
Lessee. In addition, any fees or costs required by Lessee to be paid by Lessor
in connection with the refinance shall be amortized over balance of the
remaining Term and shall be reimbursed by Lessee to Lessor on a monthly basis as
additional rent.

         The Rent for each Extension Term shall be adjusted to "Fair Market
Rent" prevailing at the commencement of each successive Extension Term. The term
"Fair Market Rent" shall mean the rent that a willing landlord and a willing
tenant would agree to pay for the Leased Premises in an "as is" condition
assuming a one (1) year lease term. Within fifteen (15) days after Lessee
provides notice of its exercise of an extension option to Lessor, Lessor shall
notify Lessee in writing of its determination of Fair Market Rent for the
Extension Term. Lessee shall have a period of fifteen (15) days from its receipt
of Lessor's written notice to object in writing to Lessor's determination of
Fair Market Rent, and in such written objection Lessee shall provide Lessor with
its determination of Fair Market Rent. If, within fifteen (15) days of Lessor's
receipt of Lessee's written notice setting forth Lessee's determination of Fair
Market Rent, Lessor and Lessee are unable to agree upon a Fair Market Rent, then
Lessor and Lessee shall each immediately appoint an appraiser or real estate
agent active in leasing office space in the Boca Raton, Florida area and those
two persons shall immediately appoint a third person with like qualifications.
The aforesaid three appraisers/real estate agents shall make a determination as

                                       2
<PAGE>

to the Fair Market Rent (the "Determination") and Lessor and Lessee shall split
all costs associated with making the Determination. Once the Determination has
been made, it shall be binding upon Lessor and Lessee, provided, however, Lessee
shall have until thirty (30) days after the Determination has been made to
notify Lessor that the Determination is not satisfactory to Lessee whereupon
this Lease shall terminate thirty (30) days after the date of such notice or
such longer period as may be set forth by Lessee in such notice.

         Lessee shall also pay to Lessor, at the same time and in the same
manner as Rent, all sales and use taxes imposed or levied from time to time upon
all payments to be made by Lessee under this Lease.

         4. OPERATING COSTS. Commencing on the Commencement Date, in addition to
the Rent, Lessee shall pay to Lessor as additional rent, one hundred percent
(100%) ("Lessee's Share") of all "Operating Costs." For purposes of this Lease,
the term "Operating Costs" shall mean: (i) all reasonable costs and expenses
actually paid or incurred by Lessor in operating, repair and maintaining the
parking areas, driveways, sidewalks, service areas, landscaped areas and other
exterior areas of the Leased Premises (collectively, the "Exterior Areas"),
including the maintenance, repair (exclusive of replacement or repaving) of all
paved areas on the Leased Premises, maintenance of and electrical service for
the Exterior Area lighting facilities, the maintenance of landscaping and trash
removal services, (ii) premiums for liability, property damage, fire and
extended recovery insurance for the Exterior Areas and the Leased Premises
(including the insurance that Lessor is required to maintain under this Lease);
and (iii) general ad valorem real estate taxes and assessments which become due
and payable with respect to the Leased Premises during the Term (prorated for
any partial tax year within the Term). The term "Operating Costs" shall not
include items such as the following: (I) capital expenditures or depreciation;
(ii) the cost of maintaining the foundation, roof and structure of the Leased
Premises; (iii) expenses incurred due to the negligence or willful misconduct of
Lessor or its respective agents, employees or contractors; (iv) interest, late
charges or penalties incurred as a result of Lessor's failure to pay bills
timely; (v) costs to comply with the requirements of any laws, codes or other
governmental regulations; and (vi) taxes imposed on Lessor other than ad valorem
real estate taxes and assessments. Commencing on the Commencement Date, Lessee
shall pay an amount equal to one-twelfth (1/12) of annual estimated Operating
Costs. Within sixty (60) days after the end of each twelve- (12) month period

                                       3
<PAGE>

subsequent to the Commencement Date, Lessor shall furnish to Lessee a statement
showing actual Operating Costs incurred for the preceding twelve- (12) month
period. If the statement shows that the amounts paid by Lessee under this
section exceed Lessee's payment of Operating Costs, Lessee shall be entitled to
a credit for such excess against payments next to become due to Lessor for
Operating Costs or, upon the expiration of this Lease, Lessor shall refund such
excess to Lessee within thirty (30) days following the expiration or termination
of this Lease. If the statement shows that the amounts paid by Lessee were less
than the amount of Lessee's Share of Operating Costs, Lessee shall pay the
amount of the deficiency within ten (10) days after written request therefor.

         5. REAL PROPERTY TAXES. Lessor shall be responsible for payment, prior
to delinquency, of all real property taxes and assessments levied against the
Leased Premises by any governmental or quasi-governmental authority.

         6. USE. Lessee shall use the Leased Premises for a commercial banking
office (with an exterior walk-up ATM machine) or any other lawful purpose.
Lessee shall comply with all present and future laws or ordinances applicable to
its use of the Leased Premises and shall not commit or suffer waste on the
Leased Premises, or use or permit anything on the Leased Premises which may be
illegal or constitute a private or public nuisance.

         7. REPAIRS AND MAINTENANCE. Lessor shall, at its sole cost and expense
(subject to reimbursement pursuant to paragraph 4 of this Lease), maintain and
make all necessary repairs to the exterior of the Leased Premises, including
parking areas, sidewalks, landscaping, roof, walls, foundation, utility systems
and lines (including plumbing and electrical), HVAC systems, windows, glass,
doors, walls and the fixtures used in connection therewith, which repairs shall
be in quality and class equal to the original work, in order to maintain the
Leased Premises in good condition and repair. Notwithstanding the foregoing,
Lessee shall reimburse Lessor for costs attributable to the repair of the roof
at the Leased Premises up to an amount not to exceed Two Thousand Five Hundred
Dollars ($2,500.00) per year within thirty (30) days after receipt of an invoice
from Lessor accompanied by documentation substantiating the cost and scope of
the roof repair that was performed. If Lessor fails to perform its obligations
of maintenance or repair hereunder, Lessee is authorized to make such repairs
and deduct the reasonable cost of such repairs from the Rent due hereunder.
Lessee, at its sole cost and expense, shall be responsible for any painting and
carpeting within the Leased Premises, for any repairs necessitated by Lessee's

                                       4
<PAGE>

negligent or intentional acts or omissions and for all maintenance and repair of
the interior of the Leased Premises to the extent same is not Lessor's
responsibility under this Lease. Upon the expiration of the Term of or prior
termination of this Lease, Lessee shall remove all property of Lessee from the
Leased Premises, except leasehold improvements which may have been installed by
Lessee and except as otherwise provided in this Lease, and surrender the Leased
Premises to Lessor "broom clean" in as good order and condition as they were
upon Lessee commencing business, or were placed by Lessee thereafter, ordinary
wear and tear and damage by casualty excepted. Any property left on the Leased
Premises after the expiration of the Term or other termination of this Lease may
be disposed of by Lessor in any manner and without any liability to Lessee.

         8. ALTERATIONS. Lessee shall have the right to make interior,
non-structural alterations to the Leased Premises without Lessor's consent and
at Lessee's sole cost and expense. Lessee shall not make any structural
alterations in the Leased Premises without Lessor's prior written consent, which
consent shall not be unreasonably withheld or delayed. Notwithstanding the
foregoing, Lessor and Lessee acknowledge and agree that Lessee intends to remove
the carport which is attached to the northerly building comprising the Leased
Premises, which removal and alteration Lessor hereby consents to.

         9. UTILITIES. Lessor shall pay for all electricity, water, sewerage,
fuel and other utilities and services supplied to the Leased Premises during the
Term of this Lease.

         10. JANITORIAL SERVICES. During the Term of this Lease, Lessee shall
provide for all janitorial services required on the Leased Premises. Lessee
agrees to dispose of all rubbish and garbage removed from the Leased Premises in
containers provided by Lessor.

         11. LESSOR'S LIABILITY FOR DAMAGE TO LESSEE'S PROPERTY. Lessor shall
not be liable in damages, by abatement in rent or otherwise, for any damage
either to the person or the property of Lessee, or for the loss of or damage to
any property of Lessee by theft or for any injury or damage to persons or
property, or loss or interruption to business resulting from fire, explosion,
falling plaster, steam, gas, electricity, water, rain, snow, or leaks from any
part of the building, or from the pipes, appliances, or plumbing works, or from
the roof, street, or subsurface, or from any other place, or by dampness, or by
any cause of whatsoever nature; nor shall Lessor be liable for any damage caused
by other tenants or persons on the Leased Premises, or caused by operations in
construction of any private or public or quasi-public work. None of the

                                       5
<PAGE>

limitations of the liability of Lessor provided for in this paragraph shall
apply if such loss, injury, or damages are proximately caused by the negligent
or intentional acts or omissions of Lessor or its agents, employees or
independent contractors.

         12. INDEMNITY. Lessee hereby indemnifies and agrees to hold Lessor
harmless from any liability for damages to any person or property in or on the
Leased Premises arising out of Lessee's use of the Leased Premises, except to
the extent caused by the negligent or intentional acts or omissions of Lessor or
its agents, employees or independent contractors, for which Lessor shall
indemnify Lessee.

         13. PUBLIC LIABILITY INSURANCE. Lessee shall, during the Term of this
Lease and any renewal hereof, keep in full force and effect a policy of
comprehensive public liability insurance with respect to the Leased Premises and
the business operated on the Leased Premises by Lessee in an amount not less
than One Million Dollars ($1,000,000.00) combined bodily injury and property
damage liability and naming Lessor as an additional insured. Upon Lessor's
request, Lessee shall deliver to Lessor a certificate evidencing such coverage
and showing payment of the premium due thereon. Lessor shall, during the Term of
this Lease and any renewal hereof, keep in full force and effect a policy of
comprehensive public liability insurance with respect to the Leased Premises in
an amount not less than One Million Dollars ($1,000,000.00) combined bodily
injury and property damage liability and naming Lessee as an additional insured.
Upon Lessee's request, Lessor shall deliver to Lessee a certificate evidencing
such coverage and showing payment of the premium due thereon.

         14. CASUALTY INSURANCE. Lessor shall, at its sole cost and expense,
keep the Leased Premises and the improvements thereon insured against loss or
damage by fire or other risks insurable under standard fire and extended
coverage insurance in an amount not less than to the full current replacement
cost of said improvements. Upon Lessee's request, Lessor shall deliver to Lessee
a certificate evidencing such coverage and showing payment of the premium due
thereon.

         15. SUBROGATION. Lessor and Lessee shall each obtain from their
respective insurers under all policies of fire, theft, public liability and
other insurance maintained by either of them at any time during the Term hereof
insuring or covering the Leased Premises, a waiver of all rights of subrogation

                                       6
<PAGE>

which the insurer of the party might otherwise have, if at all, against the
other party.

         16. DAMAGE OR DESTRUCTION TO THE LEASED PREMISES.

             (a) If the Leased Premises, or any portion thereof, shall be
damaged by fire or other casualty and if the Leased Premises can be repaired and
restored within ninety (90) days of the date of such damage, Lessor shall repair
and/or restore the same as promptly as possible to the condition, character and
value that existed immediately prior to such damage. In such event, this Lease
shall not terminate, but shall remain in full force and effect, and a
proportionate abatement in the fixed monthly Rent shall be made from the time of
such fire or casualty until the Leased Premises are repaired or restored.

             (b) Notwithstanding the extent of such damage or destruction, if
such damage or destruction cannot be repaired and restored within ninety (90)
days after the date of such damage, or if the cost of restoration of the Leased
Premises would exceed more than one-third (1/3) of the replacement value of the
Leased Premises, each as certified by a registered architect, then either Lessor
or Lessee shall have the right to cancel and terminate this Lease by giving
notice of same to the other at any time within thirty (30) days from the date
such damage or destruction, whereupon the Lease shall terminate ten (10) days
after such notice. If Lessor or Lessee does not elect to terminate this Lease,
Lessor shall repair and/or rebuild the Leased Premises as promptly as possible
to the condition, character and value that existed immediately prior to such
damage, and the Term shall continue in full force and effect, subject to a full
abatement in the monthly Rent from the time of said damage or destruction until
the Leased Premises are repaired or restored.

         17. EMINENT DOMAIN. If any portion of the Leased Premises which
materially affects Lessee's ability to continue to use the Leased Premises for
the purposes set forth herein, or which renders the Leased Premises
untenantable, is taken by right of eminent domain or by condemnation, or is
conveyed in lieu of any such taking, then this Lease may be terminated at the
option of Lessee. Such option to terminate shall be exercised by Lessee giving
notice to Lessor of such termination within thirty (30) days after such taking
or conveyance whereupon this Lease shall terminate ten (10) days after such
notice is given and Rent shall be duly apportioned as of the date of such taking
or conveyance. All damages awarded for such taking shall belong to and be the

                                       7
<PAGE>

property of Lessor. Lessee shall have no claim against Lessor by reason of such
taking or termination and shall not have any claim or right to any portion of
the amount that may be awarded or paid to Lessor as a result of any such taking,
except that Lessee shall have the right to make a claim against such public
authority for its loss of business and for any other relief available to Lessee.

         18. ATTORNMENT AND SUBORDINATION.

             (a) Lessee shall, in the event any proceedings are brought for the
foreclosure of, or in the event of exercise of the power of sale under any
mortgage covering the Leased Premises, attorn to the purchaser upon any such
foreclosure or sale and recognize such purchaser as Lessor, provided such
purchase recognizes and assumes all of Lessee's duties, obligations, rights, and
options under this Lease.

             (b) Upon request by Lessor, Lessee shall subordinate its rights
hereunder to the lien of any mortgage or mortgages, or the lien resulting from
any other method of financing or refinancing, now or hereafter in force against
the Leased Premises and to all advances made or hereafter to be made upon the
security thereof; provided, however, that a condition precedent to Lessee's
requirement to subordinate hereunder shall be that Lessee, upon any default in
the terms of such financing by Lessor, shall have the right to pay the Rent due
hereunder directly to the mortgagee or other persons to whom Lessor may be
obligated under such financing and, so long as Lessee does so pay the Rents as
herein provided, this Lease and all Lessee's rights and options hereunder shall
remain in full force and effect as to such mortgagee or other financing obligee
of Lessor.

             (c) Lessee, upon request of any party in interest, shall execute,
within ten (10) days of Lessee's receipt, such instruments or certificates to
carry out the intent of these paragraphs above as shall be requested by Lessor;
provided, however, that nothing contained in such instruments or certificates
required by Lessor shall be in derogation of any rights granted to Lessee
hereunder, nor expand Lessee's obligations hereunder, and if any such
instruments or certificates would have the effect of accomplishing one or both
of the foregoing, either explicitly or implicitly, then Lessee shall not be
obligated to execute the same.

         19. DEFAULT BY LESSEE. If Lessee shall, at any time, be in default of
the payment of either rent or any payments required of Lessee hereunder or any
part thereof, for more than ten (10) days after the same shall be due hereunder,
regardless of whether demand has been made therefor, or if Lessee shall be in
default of any of the other covenants and conditions of this Lease to be kept,

                                       8
<PAGE>

observed, and performed by Lessee for more than thirty (30) days after the
giving of written notice by Lessor to Lessee of such default or if Lessee shall
be adjudged a bankrupt, or if a receiver or trustee shall be appointed and shall
not be discharged within thirty (30) days from the date of such appointment,
then and in any such events Lessor may re-enter the Leased Premises by summary
proceedings or otherwise, and thereupon may expel all persons and remove all
property therefrom, without becoming liable to prosecution therefor, and may,
among other remedies, elect:

             (a) To relet the Leased Premises as the agent of Lessee, and
reserve the rent therefrom, applying the same first to the payment of the
reasonable expense of such re-entry, and then to the payment of the rent
accruing hereunder; but whether or not the Leased Premises are relet, Lessee
shall remain liable for the equivalent of all rent and other charges provided
for under this Lease, plus the cost of reletting, if any, which said amount
shall be due and payable to Lessor as damages, or rent, as the case may be, on
the successive monthly rent days herein above provided; or

             (b) To terminate this Lease and immediately resume possession of
the Leased Premises, wholly discharged from any obligations under the Term, and
may re-enter and repossess the Leased Premises, free from any and all claims on
the part of Lessee. Termination of this Lease does not discharge or in any way
affect Lessee's obligation to pay Lessor all the rents or other charges or
payments accruing under this Lease up to the date of termination.

         20. DEFAULT BY LESSOR. Lessor shall not be in default unless it fails
to perform the obligations required of Lessor by this Lease within thirty (30)
days after written notice by Lessee to Lessor specifying which obligation(s)
Lessor has failed to perform; provided, however, that if the nature of the
specified obligation(s) is such that more than thirty (30) days are required for
performance, then Lessor shall not be in default if it commences performance
within such 30-day period and thereafter diligently prosecutes the same to
completion. If Lessor has not cured or commenced to cure the default set forth
in said notice within said 30-day period, Lessee may at its option either: (I)
cure such default and deduct the reasonable costs and expenses incurred from the
next and succeeding Rent payment(s); or (ii) terminate this Lease and, in such
event, this Lease shall thereupon cease, terminate, and come to an end with the
same force and effect as though the original Term had expired at that time.

                                       9
<PAGE>

         21. SUBLETTING AND ASSIGNING. Lessee shall not sublet any portion of
the Leased Premises nor assign this Lease in whole or in part without the
written consent of Lessor as to both the terms of such assignment or sublease
and the identity of such assignee or sublessee, which consent shall not
unreasonably be withheld or delayed, and in the event of a subletting so
approved by Lessor, Lessee shall nevertheless remain obligated to Lessor under
the terms of this Lease. Notwithstanding the foregoing, the consent of Lessor
shall not be required in connection with the assignment of this Lease to a
subsidiary of Lessee or entity controlled by Lessee or an unrelated entity
offering financial services and, upon such assignment, Lessee shall be released
from its obligations and liability hereunder.

         22. SIGNS. Lessee shall have the exclusive right to install such
signage on the Leased Premises as Lessee, in its sole discretion, may deem
necessary and appropriate, subject to obtaining all necessary governmental
approvals. Lessor agrees to fully cooperate with Lessee in filing any required
applications, permits and/or variances for said signage or with respect to the
Leased Premises generally. At the time possession of the Leased Premises is
delivered to Lessee, Lessor shall remove all existing signage at the Leased
Premises at its sole cost and expense.

         23. QUIET ENJOYMENT. Lessor covenants and agrees with Lessee that upon
Lessee paying the said Rent and performing all the covenants and conditions
contained in this Lease on Lessee's part to be observed and performed, Lessee
shall and may peaceably and quietly have, hold, and enjoy the Leased Premises
for the Term of this Lease.

         24. MEMORANDUM OF LEASE. Lessor and Lessee agree that it will not
record this Lease or otherwise make it a matter of public record unless required
in any litigation involving this Lease. If Lessee or Lessor request, the parties
will enter into a short form lease, describing the Leased Premises and the Term,
and including any other terms necessary to permit the recording of such short
form lease. Such recording shall be at its cost and expense of the requesting
party.

         25. NOTICES. All notices, requests and consents hereunder to any party,
shall be deemed to be sufficient if in writing and (I) delivered in person, (ii)
duly sent by first class, registered or certified mail return receipt requested
and postage prepaid in which case notice will be deemed received three (3)
business days after deposit in the U.S. Mail, or (iii) duly sent by
nationally-recognized overnight courier service in which case it will be deemed
received one (1) business day after deposit with the courier service, addressed

                                       10
<PAGE>

in each instance to such party at the address first set forth in this Lease (or
at such other addresses as shall be specified by like notice). The time period
in which a response to any such notice must be given shall commence on the date
of receipt thereof and any rejection or other refusal to accept or inability to
deliver because of changed address for which no notice has been received shall
also constitute receipt.

         26. EXPENSE OF ENFORCEMENT. If either Lessor or Lessee should prevail
in any litigation by or against the other party related to this Lease, or if
either party should become a party to any litigation instituted by or against
the other with respect to any third party, then as between Lessor and Lessee,
the losing party shall indemnify and hold the prevailing party harmless from all
costs and reasonable attorneys' fees incurred by the prevailing party in
connection with such litigation.

         27. INSPECTION. Subject to the provisions of this paragraph, Lessor and
its contractors, agents or representatives may enter into and upon any part of
the Leased Premises during reasonable hours as may be necessary to make repairs
or otherwise perform Lessor's obligations under this Lease and, upon reasonable
prior notice to Lessee, for the purpose of showing the Leased Premises to
existing or prospective purchasers or lenders and, upon reasonable prior notice
to Lessee, at any time during the last six (6) months of the Term (including any
Extension Terms which Lessee has exercised) to prospective tenants. With respect
to any of the aforementioned entries by Lessor into and upon any part of the
Leased Premises other than for emergencies or routine repairs, Lessee shall be
entitled to have a representative accompany Lessor. Lessor shall not interfere
with the operation of Lessee's business during any such entry and Lessor shall
use reasonable efforts to make any routine repairs requiring access to the
Leased Premise during non-business hours. Notwithstanding any of the foregoing,
unless otherwise instructed by Lessee in writing, Lessor shall not enter areas
designated by Lessee as high security areas unless an emergency situation
exists. All access by Lessor or any invitee of Lessor shall be subject to
applicable federal banking regulations.

         28. NON-WAIVER. Lessor's or Lessee's failure to insist upon strict
performance of any covenant of this Lease or to exercise any option or right
herein contained shall not be a waiver or relinquishment for the future of such
covenant, right, or option, but the same shall remain in full force and effect.

         29. CAPTIONS. The captions and headings herein are for convenience and
reference only and should not be used in interpreting any provision of this
Lease.

                                       11
<PAGE>

         30. APPLICABLE LAW. This Lease shall be governed by and construed under
the laws of the State of Florida. If any provision of this Lease, or portion
thereof, or the application thereof to any person or circumstance shall, to any
extent, be invalid or unenforceable, the remainder of this Lease shall not be
affected thereby, and each provision of this Lease shall be valid and
enforceable to the fullest extent permitted by law. Time is of the essence in
this Lease.

         31. SUCCESSORS. This Lease and the covenants and conditions herein
contained shall inure to the benefit of and be binding upon Lessor and Lessee
and their respective successors, and assigns; and shall inure to the benefit of
Lessee and only such assigns of Lessee to whom the assignment by Lessee has been
consented to by Lessor.

         32. FORCE MAJEURE. The time within which any of the parties hereto
shall be required to perform any act or acts under this Lease, including the
performance of Lessor's and Lessee's obligations hereunder, shall be extended to
the extent that the performance of such act or acts shall be delayed by acts of
God, fire, windstorm, flood, explosion, collapse of structures, riot, war, labor
disputes, delays or restrictions by governmental bodies, inability to obtain or
use necessary materials, or any cause beyond the reasonable control of such
party, other than lack of monies or inability to procure monies to fulfill its
commitment or obligation under this Lease; provided, however, that the party
entitled to such extension hereunder shall give prompt notice to the other party
of the occurrence causing such delay. The provisions of this paragraph shall not
operate to excuse Lessee from prompt payment of Rent or any other payments
required by the terms of this Lease.

         33. AMENDMENTS IN WRITING. This Lease and the Exhibits attached hereto
and forming a part hereof set forth all the covenants, promises, agreements,
conditions, and understandings between Lessor and Lessee concerning the Leased
Premises, and there are no covenants, promises, agreements, conditions, or
understandings, oral or written, between them other than are herein set forth.
Except as herein otherwise provided, no subsequent alteration, amendment,
change, or addition to this Lease shall be binding upon Lessor and Lessee unless
reduced to writing and signed by both parties.

         34. RADON. Radon is a naturally occurring radioactive gas that when
accumulated in a building in sufficient quantities may present health risks to
persons who are exposed to it over time. Levels of Radon that exceed federal and
state guidelines have been found in buildings in Florida. Additional information

                                       12
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regarding Radon or Radon testing may be obtained from your County Public Health
Unit.

         35. LEASE CONTINGENCY. Lessor and Lessee hereby acknowledge that as of
the date of this Lease, Lessee has not yet had an opportunity to obtain all
necessary permits, approvals and authorizations for its intended use of the
Leased Premises, for the signage it intends to install on the Leased Premises
and for an ATM to be placed on the Leased Premises (the "Approvals"). Lessee
shall have a period commencing from the date of execution this Lease and
continuing through May 31, 2004 (the "Approval Period") within which to pursue
obtaining all Approvals. If Lessee, for any reason, determines that Lessee will
be unable to obtain all Approvals, on terms and conditions acceptable to Lessee,
then Lessee may, at any time prior to the expiration of the Approval Period,
terminate this Lease by giving written notice to Lessor. If Lessee terminates
this Lease pursuant to this paragraph, then this Lease shall be null and void,
the parties hereto shall have no further obligations under this Lease and Lessor
shall be entitled to retain all Rent and other amounts paid by Lessee to Lessor
prior to such termination.

         36. TERMINATION RIGHT. Notwithstanding anything herein to the contrary,
subsequent to the twenty-sixth (26th) month of the Term, in the event Lessor
intends to undertake the redevelopment of the Leased Premises, Lessor shall have
the right to terminate this Lease upon six (6) months prior written notice to
Lessee. At the time the written notice of termination is provided to Lessee,
Lessor shall also provide Lessee with a copy of its request for a development
order submitted to the City of Boca Raton, Florida (the "Development Order
Request"). In the event the Development Order Request is not concurrently
provided to Lessee with the notice of termination, then such notice shall be
null and void and of no force or effect. In the event the notice of termination
and Development Order Request are concurrently provided to Lessee, then this
Lease shall terminate six (6) months after delivery of same to Lessee and, upon
such termination, Lessor and Lessee shall have no further obligations hereunder.

         37. ASSIGNMENT BY LESSOR. Lessor may sell its interest in the Leased
Premises or assign this Lease at any time, either absolutely or as security for
a loan, without the necessity of obtaining Lessee's consent or permission, but
any such sale or assignment shall be at all times subject to this Lease and the
rights of Lessee hereunder. In the event of the sale of the Leased Premises,
Lessor shall be released from all liability in connection with Lessor's

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obligations to be performed from and after the date of such transfer only if
such transferee agrees in writing to perform Lessor's obligations and assume
Lessor's liabilities under this Lease as of the date of such transfer.

         38. RELATED LEASE. Lessor is owned and/or controlled by Robert A.
Sweetapple ("Sweetapple"). Sweetapple also owns and/or controls Firehouse, LLC,
a Florida limited liability company ("Firehouse"). Firehouse owns certain
commercial real estate adjacent to and east of the Leased Premises (the
"Adjacent Property"), which Adjacent Property includes a parking area. As an
inducement and in consideration for entering into this Lease, concurrent with
the execution of this Lease, Lessee and Firehouse have entered into a lease for
six (6) parking spaces on the Adjacent Property and this Lease shall not be
effective without the execution of such lease or cross parking agreement as
needed to meet city requirements for use of premises.

         IN WITNESS WHEREOF, the parties have hereto executed this Lease on the
day and year first written above.

                                  4035 INC., a Florida corporation

                                  By: /s/ Robert A. Sweetapple
                                     ----------------------------------------
                                  Name:  Robert A. Sweetapple
                                  Its:   President

                                             "LESSOR"

                                  POINTE BANK, a Florida banking corporation

                                  By: /s/ Bradley R. Meredith
                                     ----------------------------------------
                                  Name:  Bradley R. Meredith
                                  Its:   Senior Vice President and
                                         Chief Financial Officer

                                                "LESSEE"

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<PAGE>

                                   EXHIBIT "A"

                                LEGAL DESCRIPTION

The following described land, situate, lying and being in Palm Beach County,
Florida, to wit:

         Lot 20 Less the south 10 feet and less the north 3 feet and Lot 21,
         less the south 10 feet and less the north 3 feet thereof, J.R.
         Campbells Subdivision, according to the Plat thereof, as recorded in
         Plat Book 5, Page 61, of the Public Records of Palm Beach County,
         Florida.

                                       A-1

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