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Exhibit 10.5    
    

 
  WARRANT AGREEMENT    
    

        This Warrant Agreement ("Agreement") is executed as of this    day
of                  , 2004 by First Metroplex Capital, Inc., a Texas
corporation ("Company"), in favor of the persons listed on Exhibit A (each, an "Initial Holder"), in accordance with the terms and subject to the conditions set forth in this Agreement. 

        WHEREAS,
in recognition of the financial risks undertaken by the initial shareholders of the Company, the Company desires to grant to each Initial Holder warrants to purchase shares of
common stock of the Company (each, a "Warrant" and, collectively, the "Warrants") equal to one warrant for each five shares purchased in the initial offering of common stock of the Company. 

        NOW,
THEREFORE, in consideration of the foregoing and the agreements hereinafter set forth, the receipt and sufficiency of which are hereby acknowledged, the Company and, by acceptance
of a Warrant, each Holder (as defined herein) agree as follows: 

        1.    Grant of Warrants.    Subject to the terms, restrictions, limitations and conditions stated in this Agreement,
the receipt and sufficiency of which are hereby acknowledged, the Company hereby grants to Initial Holder the number of Warrants set forth beside his name on  Exhibit A. Each Warrant initially shall
be exercisable for one fully paid and nonassessable share of common stock, par value $.01 per share, of
the Company ("Share"), subject to adjustment as provided in Section 11 of this Agreement. The Initial Holders and all subsequent registered holders of the Warrants (each, a "Holder" and,
collectively, the "Holders") shall have the rights and obligations set forth in this Agreement. 

        2.    Warrant Certificates.    Each Warrant shall be evidenced by a warrant certificate, which shall be substantially
in the form attached to this Agreement as Exhibit B ("Warrant Certificate"). Each Warrant Certificate shall have such marks of identification or
designation and such legends or endorsements thereon as the Company deems appropriate, so long as they are not inconsistent with the provisions of this Agreement, or as are required to comply with any
applicable law, rule or regulation applicable to the Company or the Shares. The Warrant Certificates shall be executed on behalf of the Company by the manual, facsimile or imprinted signature of its
Chairman of the Board, its President or any vice president and shall be attested by the manual, facsimile or imprinted signature its Secretary or any assistant secretary. 

        3.    Term of Warrants.    

        (a)   The
term for the exercise of the Warrants shall begin at 9:00 a.m., Dallas, Texas time on the date that T Bank, N.A. (the "Bank") opens for business (the "Issue
Date"). The term for the exercise of the Warrants shall expire at 2:00 p.m., Dallas, Texas time on the earlier to occur of (i) the third anniversary of the Issue Date, or (ii) the
date provided in Section 3(b) of this Agreement (the "Expiration Time"). 

        (b)   Notwithstanding
any provision of this Agreement or any Warrant Certificate to the contrary, the Warrants shall expire, to the extent not exercised, within 45 days
following the receipt of notice from the Bank's state or primary federal regulator ("Regulator") that (i) the Bank has not maintained its minimum capital requirements (as determined by the
Regulator); and (ii) the Regulator is requiring exercise or forfeiture of warrants. Upon receipt of such notice from the Regulator, the Company shall promptly notify each Holder that he must
exercise the Warrants granted to him prior to the end of the 45-day period or such earlier period as may be specified by the Regulator or forfeit such Warrant(s). In case of forfeiture, no
Holder shall have any cause of action, of any kind or nature, against the Company, the Bank or any of their respective officers or directors with respect to the forfeiture. In addition, the Company
shall not be liable to any Holder due to the failure or inability of the Company to provide adequate notice to Holder. 

 

        4.    Exercise of Warrants.    The purchase price per Share to be paid by a Holder for Shares subject to the Warrants
shall be $12.50, subject to adjustment as set forth in Section 11 of this Agreement (the "Exercise Price"). A Holder may exercise Warrants evidenced by a Warrant Certificate in whole or in part
at any time prior to the Expiration Time by delivering to the secretary of the Company (i) the Warrant Certificate; (ii) a written notice to the Company specifying the number of Shares
with respect to which Warrants are being exercised; and (iii) a check for the full amount of the aggregate Exercise Price of the Shares being acquired. 

        5.    Delivery of Shares; Partial Exercise.    Upon receipt of the items set forth in Section 4, and subject to
the terms of this Agreement, the Company shall promptly deliver to, and register in the name of, the Holder a certificate or certificates representing the number of Shares acquired by exercise of a
Warrant. In the event of a partial exercise of Warrant(s), a new Warrant Certificate evidencing the number of Shares that remain subject to the Warrant shall be issued by the Company to such Holder or
to his duly authorized assigns. 

        6.    Registration of Transfer and Exchange.    

        (a)   The
Company shall keep, or cause to be kept, at its principal place of business or at such other location designated by the Company, a register or registers in which,
subject to such reasonable regulations as the Company may prescribe, the registrar and transfer agent (the "Securities Registrar") shall register the Warrant Certificates and the transfers thereof as
provided herein ("Securities Register"). The initial Securities Registrar shall be the secretary of the Company, and thereafter, the Securities Registrar may be removed and/or appointed as authorized
by the Company. 

        (b)   Upon
surrender for registration of transfer of any Warrant Certificate, the Company shall issue and deliver to the Holder or his duly authorized assigns, one or more new
Warrant Certificates of like tenor and in like aggregate amount. 

        (c)   At
the option of the Holder, Warrant Certificates may be exchanged for other Warrant Certificates of like tenor and in like aggregate amount upon surrender of the
Warrant Certificates to be exchanged. Upon such surrender, the Company shall issue and deliver to the Holder or his duly authorized assigns, one or more new Warrant Certificates of like tenor and in
like aggregate amount. 

        (d)   Every
Warrant Certificate presented or surrendered for registration of transfer or exchange shall be accompanied (if so required by the Company or the Securities
Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the Securities Registrar, duly executed by the registered Holder or by such Holder's duly
authorized attorney in writing. 

        7.    Replacement of Warrant Certificates.    

        (a)   Upon
receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of a Warrant Certificate and, in the case of loss, theft or
destruction, on delivery of an indemnity agreement reasonably satisfactory in form and amount to the Company or, in the case of mutilation, surrender and cancellation of such Warrant Certificate, the
Company shall issue and deliver to the Holder or his duly authorized assigns, one or more new Warrant Certificates of like tenor and in like aggregate amount. In the case of loss, theft or destruction
of a Warrant Certificate, prior to the issuance of a replacement Warrant Certificate, the Company may also require that a bond be posted in such amount as the Company may determine is necessary as
indemnity against any claim that may be made against it with respect to such Warrant Certificate. 

        (b)   All
Warrants shall be held and owned under the express condition that the provisions of this Section are exclusive with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Warrant Certificates and shall preclude (to the extent lawful) all other rights and remedies, notwithstanding any law or statute existing or hereafter enacted to
the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 

2

 

        (c)   Upon
the issuance of any new Warrant Certificate under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Company and its agents and counsel) connected therewith. 

        (d)   Every
new Warrant Certificate issued pursuant to this Section shall constitute an additional contractual obligation of the Company, whether or not the mutilated,
destroyed, lost or stolen Warrant Certificate shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Agreement equally and proportionately with any and all other
Warrant Certificates duly issued hereunder. 

        8.    Persons Deemed Holders.    Prior to the due presentment of a Warrant Certificate for registration of transfer or
exchange, the Company, any Securities Registrar and any other agent of the Company may treat the person in whose name such Warrant Certificate is registered in the Securities Register as the sole
Holder of such Warrant Certificate and of the Warrant represented by such Warrant Certificate for all purposes whatsoever, and shall not be bound to recognize any equitable or other claim to or
interest in such Warrant Certificate or in the Warrant represented by such Warrant Certificate on the part of any person and shall be unaffected by any notice to the contrary. 

        9.    Cancellation.    All Warrant Certificates surrendered for the purpose of exercise, exchange or registration of
transfer shall be cancelled by the Securities Registrar, and no Warrant Certificates shall be issued in lieu thereof, except as expressly permitted by the provisions of this Agreement. 

        10.    Fractional Shares.    The Company shall not be required to issue Warrant Certificates exercisable for
fractional Shares or to issue fractional Shares upon the exercise of Warrants. Warrant Certificates exercisable for fractional Shares shall expire as of the Expiration Date, and a Holder of such
Warrant Certificates shall not be entitled to any consideration of any kind or nature in respect of such Warrant or Warrant Certificate. 

        11.    Stock Dividends, Splits, Etc.    

        (a)   If,
prior to the Expiration Time, the Company shall subdivide its outstanding Shares into a greater number of Shares, or declare and pay a dividend of its Shares payable
in additional Shares, the Exercise Price, as then in effect, shall be proportionately reduced, and the Company shall proportionately increase the number of Shares then subject to exercise under this
Warrant (and not previously exercised.) 

        (b)   If,
prior to the Expiration Time, the Company shall combine its outstanding Shares into a lesser number of Shares, the Exercise Price, as then in effect, shall be
proportionately increased, and the Company shall proportionately reduce the number of Shares then subject to exercise under this Warrant (and not previously exercised.) 

        12.    Reorganization, Reclassifications, Consolidation or Merger.    If, prior to the Expiration Time, there shall be
a reorganization or reclassification of the Shares (other than as provided in Section 11 of this Agreement), or any consolidation or merger of the Company with another entity, the Holder shall
be entitled to receive, during the remainder of the term of this Agreement and upon payment of the Exercise Price, the number of shares of stock or other securities or property of the Company or of
the successor entity (or its parent company) resulting from such consolidation or merger, as the case may be, to which a holder of Shares, deliverable upon the exercise of a Warrant, would have been
entitled upon such reorganization, reclassification, consolidation or merger; and, in any case, the Company shall make appropriate adjustments (as determined by the board of directors of the Company
in its sole discretion) in the application of the provisions with respect to the rights and interests of the Holders so that the provisions set forth in this Agreement (including the adjustment to the
Exercise Price and the number of Shares issuable upon exercise of the Warrants) shall be applicable, as nearly as may be practicable, to any shares or other property thereafter deliverable upon the
exercise of this Warrant. 

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        13.    Certificate as to Adjustments; Issuance of New Warrant Certificates.    Within thirty (30) days
following any adjustment provided for in Section 11 or 12 of this Agreement, the Company shall give written notice of the adjustment to the Holders as provided in Section 14(a) of this
Agreement. The notice shall state the Exercise Price as adjusted and the increased or decreased number of shares purchasable upon the exercise of the Warrant(s) and shall set forth in reasonable
detail the method of calculation for each. Notwithstanding anything to the contrary set forth herein or in the Warrant Certificates, the Company may, at its option, issue new Warrant Certificates
evidencing the Warrants, in such form as may be approved by the Company, to reflect any adjustment or change in the Exercise Price and the number or kind of stock or other securities or property
purchasable upon exercise of the Warrants. 

        14.    Miscellaneous.    

        (a)   Any
notice or other communication required or permitted to be made hereunder shall be in writing, duly signed by the party giving such notice or communication and shall
be deemed delivered and effective when given personally or mailed by first-class registered or certified mail, postage prepaid as follows (or at such other address for a party as shall be specified by
like notice): (i) if given to the Company, at 16000 Dallas Parkway, Dallas, Texas 75248; and (ii) if given to a Holder, at the address set forth for the Holder on the books and records
of the Company. A notice given to the Company by a Holder with respect to the exercise of a Warrant shall not be effective until received by the Company. 

        (b)   The
Company shall, at all times, reserve and keep available out of its authorized and unissued Shares or out of any Shares held in treasury that number of Shares that
will from time to time be sufficient to permit the exercise in full of all outstanding Warrants. The Company shall take all such action as may be necessary to ensure that all Shares delivered upon
exercise of any Warrants shall, at the time of delivery of the Warrant Certificates for such Shares, be duly authorized, validly issued, fully paid and nonassessable. 

        (c)   The
Company shall pay when due and payable any and all federal and state transfer taxes and charges (other any applicable income taxes) that may be payable in respect of
the issuance and delivery of Warrant Certificates or of certificates for Shares receivable upon the exercise of any Warrants; provided, however, that the Company shall not be required to pay any tax
that may be payable in respect of the issuance and delivery (i) of any Warrant Certificate or stock certificate registered in a name other than that of the Holder of the Warrant Certificate
that has been surrendered, or (ii) of any Warrant Certificate under Section 7. 

        (d)   No
Holder, in his capacity as such, shall be entitled to vote or receive dividends or shall be deemed from any other purpose the holder of the Shares or other securities
which may at any time be issuable upon the exercise of such Warrant. Nothing contained herein or in any Warrant Certificate shall be construed to confer upon any Holder, in his capacity as such, any
of the rights of a shareholder of the Company, including any right to vote for the election of directors or upon any matter submitted to shareholders of the Company at any meeting thereof, to give or
withhold consent to any corporation action, or to receive notices of meeting or other actions affecting shareholders. 

        (e)   Each
Holder, by accepting a Warrant Certificate, accepts and agrees to the terms of this Agreement. The terms of this Agreement shall be binding upon the Company and the
Holders and their respective heirs, successors, representatives and permitted assigns. Nothing expressed or referred to herein is intended or will be construed to give any person other than the
Company or the Holders any legal or equitable right, remedy or claim under or in respect of this Agreement, or any provision herein contained, it being the intention of the Company and the Holders
that this Agreement, the assumption of obligations and statements of responsibilities hereunder, and all other conditions and provisions hereof are for the sole benefit of the Company and the Holders
and for the benefit of no other person. 

4

 

        (f)    This
Agreement constitutes the full understanding of the Company and the Holders, a complete allocation of risks between them and a complete and exclusive statement of
the terms and conditions of their agreement relating to the subject matter hereof and supersedes any and all prior agreements, whether written or oral, that may exist between the Company and any
Holder with respect thereto. Except as otherwise specifically provided in this Agreement, no conditions, usage of trade, course of dealing or performance, understanding or agreement purporting to
modify, vary, explain or supplement the terms or conditions of this Agreement will be binding unless hereafter or contemporaneously herewith made in writing and signed by the party to be bound, and no
modification will be effected by the acknowledgment or acceptance of documents containing terms or conditions at variance with or in addition to those set forth in this Agreement. 

        (g)   The
headings contained in this Agreement are for convenience of reference only and will not affect in any way the meaning or interpretation of this Agreement. The words
"hereof," "herein" and "hereunder" and words of similar import when used in this Agreement will refer to this Agreement as a whole and not to any particular provision in this Agreement. Each use
herein of the masculine, neuter or feminine gender will be deemed to include the other genders. Each use herein of the plural will include the singular and vice versa, in each case as the context
requires or as is otherwise appropriate. The word "or" is used in the inclusive sense. References to a person are also to its permitted successors or assigns. No provision of this Agreement is to be
construed to require, directly or indirectly, any person to take any action, or omit to take any action, which action or omission would violate applicable law (whether statutory or common law), rule
or regulation. 

        (h)   This
Agreement shall terminate upon the earlier of (i) the Expiration Time, or (ii) the close of business on the date on which all Warrants shall have been
exercised. 

        (i)    THIS AGREEMENT, EACH WARRANT AND EACH WARRANT CERTIFICATE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS
WITHOUT REGARD TO THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS. IN THE EVENT OF A DISPUTE INVOLVING THIS AGREEMENT, THE PARTIES IRREVOCABLY AGREE THAT VENUE
FOR SUCH DISPUTE SHALL LIE EXCLUSIVELY IN A COURT OF COMPETENT JURISDICTION IN DALLAS COUNTY, TEXAS.

        IN
WITNESS WHEREOF, the Company has caused this Agreement to be executed by a duly authorized officer as of the date first above written. 

	 	 	FIRST METROPLEX CAPITAL, INC.
	

 	
 	

By:	

 
	 	 	 	
 Patrick G. Adams, President

5

 
 

EXHIBIT A
  
    LIST OF INITIAL SHAREHOLDERS    
    

 
 

EXHIBIT B
  
    FORM OF WARRANT CERTIFICATE    
    

THE TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE RESTRICTIONS SPECIFIED IN THAT CERTAIN WARRANT AGREEMENT DATED AS
OF                        , 2004, BY
FIRST METROPLEX CAPITAL, INC., A TEXAS CORPORATION ("COMPANY"), IN FAVOR OF THE PERSONS LISTED ON EXHIBIT A THERETO, AS THE SAME MAY BE AMENDED
FROM TIME TO TIME ("AGREEMENT"). A COPY OF THE FORM OF THE AGREEMENT IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL EXECUTIVE OFFICE OF THE COMPANY DURING NORMAL BUSINESS HOURS. THE HOLDER OF THIS
CERTIFICATE, BY ACCEPTANCE OF THIS CERTIFICATE, AGREES TO BE BOUND BY THE PROVISIONS OF THE AGREEMENT.

	No. W-            	 	Number of Warrants:            

FIRST METROPLEX CAPITAL, INC.

WARRANT CERTIFICATE  

        This Warrant Certificate certifies that                        ,
or registered assigns, is the registered holder of a warrant to purchase the number of
fully-paid and non-assessable shares of common stock, $.01 par value of the Company ("Shares") set forth above, at the exercise price, subject to adjustment in certain events
("Exercise Price"), of $12.50 per share ("Warrant"). 

        The
Warrant evidenced by this Warrant Certificate is part of a duly authorized issue of Warrants issued pursuant to the Agreement, which is hereby incorporated by reference in and made a
part of this instrument and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder of the Company and the Holder. All terms used,
but not otherwise defined, in this Warrant Certificate shall have the meanings assigned to them in the Agreement. If any provision of this Warrant Certificate conflicts with a provision of the
Agreement, the provision of the Agreement shall supercede. 

        This
Warrant may not be exercised after 2:00 p.m., Dallas, Texas time, on the earlier to occur of (i) the third anniversary of the date that T Bank, N.A. opens for
business, or (ii) the date provided in Section 3(b) of the Agreement (the "Expiration Time"). 

        The
Holder may exercise the Warrant evidenced by this Warrant Certificate in whole or in part at any time prior to the Expiration Time by delivering to the secretary of the Company
(i) the Warrant Certificate; (ii) a written notice to the Company specifying the number of Shares with respect to which Warrants are being exercised; and (iii) a check for the
full amount of the aggregate Exercise Price of the Shares being acquired. 

        Upon
receipt of the items set forth above, and subject to the terms of the Agreement, the Company shall promptly deliver to, and register in the name of, the Holder a certificate or
certificates representing the number of Shares acquired by exercise of this Warrant. In the event of a partial exercise of this Warrant, a new Warrant Certificate evidencing the number of Shares that
remain subject to this Warrant shall be issued by the Company to such Holder or to his duly authorized assigns. 

        The
Agreement provides that upon the occurrence of certain events the Exercise Price and the type and/or number of the Company's securities issuable thereupon may, subject to certain
conditions, be adjusted. In such event, the Company may, at its option, issue a new Warrant Certificate evidencing the adjustment in the Exercise Price and the number and/or type of securities
issuable upon the exercise of the Warrants. 

        Upon
surrender for registration of transfer of this Warrant Certificate, subject to the terms of the Agreement, the Company shall issue and deliver to the Holder or his duly authorized
assigns, one or more new Warrant Certificates of like tenor and in like aggregate amount. 

        Prior
to the due presentment of this Warrant Certificate for registration of transfer or exchange, the Company, any Securities Registrar and any other agent of the Company may treat the
person in whose name this Warrant Certificate is registered in the Securities Register as the sole Holder of this Warrant Certificate and of the Warrant represented by this Warrant Certificate for all
purposes whatsoever, and shall not be bound to recognize any equitable or other claim to or interest in this Warrant Certificate or in the Warrant represented by this Warrant Certificate on the part
of any person and shall be unaffected by any notice to the contrary. 

        The
Holder, in his capacity as such, shall not be entitled to vote or receive dividends or shall be deemed from any other purpose the holder of the Shares or other securities which may
at any time be issuable upon the exercise of this Warrant. Nothing contained in this Warrant Certificate shall be construed to confer upon the Holder, in his capacity as such, any of the rights of a
shareholder of the Company, including any right to vote for the election of directors or upon any matter submitted to shareholders of the Company at any meeting thereof, to give or withhold consent to
any corporation action, or to receive notices of meeting or other actions affecting shareholders. 

        Any
notice or other communication required or permitted to be made by the Holder to the Company shall be in writing, duly signed by the Holder and shall be deemed delivered and effective
when given personally or mailed by first-class registered or certified mail, postage prepaid to the Company, at 16000 Dallas Parkway, Dallas, Texas 75248 (or such other address as designated in
writing to the Holder by the Company). A notice given to the Company by a Holder with respect to the exercise of this Warrant shall not be effective until received by the Company. 

        IN
WITNESS WHEREOF, the Company has caused this Warrant Certificate to be duly executed under its corporate seal. 

Dated
as of                        , 2004. 

	 	 	FIRST METROPLEX CAPITAL, INC,

a Texas corporation
	

 	
 	

By:	

 
	 	 	 	
 Patrick G. Adams, President

[SEAL]

Attest:

	

	
 	

 
	Name:	 	 	 	 
	 	 	
	 	 
	Title:	 	 	 	 
	 	 	
	 	 

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Exhibit 10.5

WARRANT AGREEMENT

EXHIBIT A LIST OF INITIAL SHAREHOLDERS

EXHIBIT B FORM OF WARRANT CERTIFICATEQuickLinks
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Exhibit 10.6    
    

 
 

FIRST METROPLEX CAPITAL, INC.
  2003 STOCK INCENTIVE PLAN    
    

1.     PURPOSE  

        The 2003 Stock Incentive Plan ("Plan") is intended to promote shareholder value by (a) enabling First Metroplex Capital, Inc. (the "Company") and
its affiliates to attract and retain the best available individuals for positions of substantial responsibility; (b) providing additional incentive to such persons by affording them an equity
participation in the Company; (c) rewarding those directors, executive officers and employees for their contributions to the Company or the Bank; and (d) promoting the success of the
Company's business by aligning the financial interests of directors, executive officers and employees providing personal services to the Company or its affiliates with long-term
shareholder value. 

2.     DEFINITIONS  

        (A)  "Act"
means the Securities Exchange Act of 1934, as amended, or any successor provisions. 

        (B)  "Affiliate"
means (i) any entity that, directly or indirectly, is controlled by the Company, (ii) an entity in which the Company has a significant equity
interest, (iii) an affiliate of the Company, as defined in Rule 12b-2 promulgated under the Act, (iv) any Subsidiary and (v) any entity in which the Company has
at least twenty percent (20%) of the combined voting power of the entity's outstanding voting securities, in each case as designated by the Board of Directors as being a participant employer in the
Plan. For purposes of this Plan and without further designation by the Board of Directors, T Bank, N.A. shall be deemed an Affiliate. 

        (C)  "Bank"
means T Bank, N.A., a national banking association. 

        (D)  "Board
of Directors" means the board of directors of the Company. 

        (E)  "Change
of Control" means: 

        (i)    the
acquisition by any individual, entity or "group," within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act (other than the
current members of the boards of directors of the Company or the Bank or any of their descendants, the Company, the Bank, or any savings, pension or other benefit plan for the benefit of the employees
of the Company or the Bank or subsidiaries thereof)(a "Person"), of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of voting securities
of the Company or the Bank where such acquisition causes any such Person to own fifty percent (50%) or more of the combined voting power of the Company's or Bank's then outstanding capital stock then
entitled to vote generally in the election of directors; 

        (ii)   within
any twelve-month period, the persons who were directors of the Company immediately before the beginning of the twelve-month period (the "Incumbent Directors")
shall cease to constitute at least a majority of the Board of Directors; provided that any individual becoming a director subsequent to the beginning of such twelve-month whose election, or nomination
for election by the Company's shareholders, was approved by at least two-thirds of the directors then comprising the Incumbent Directors shall be considered as those such individual were
an Incumbent Director unless such individual's initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in
Rule 14a-11 of Regulation 14A promulgated under the Exchange Act); 

 

        (iii)  a
reorganization, merger, consolidation or other corporate transaction involving the Company or the Bank, in each case, with respect to which the shareholders of the
Company or the Bank, respectively, immediately prior to such transaction do not, immediately after the transaction, own more than fifty percent (50%) of the combined voting power of the reorganized,
merged or consolidated company's then outstanding voting securities; 

        (iv)  the
sale, transfer or assignment of all or substantially all of the assets of the Company or the Bank to any third party; 

        (v)   a
dissolution or liquidation of the Company or the Bank; or 

        (vi)  any
other transactions or series of related transactions occurring which have substantially the same effect as the transactions specified in clauses (i)-(v). 

        (F)  "Code"
means the Internal Revenue Code of 1986, as amended, or any successor provisions. 

        (G)  "Controlling
Participant" means any person who, immediately before an Option is granted to that particular person, directly or indirectly (within the meaning of
section 424 of the Code and the regulations promulgated thereunder) possesses more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or any
Subsidiary. The determination of whether an person is a Controlling Participant shall be made in accordance with sections 422 and 424 of the Code, or any successor provisions, and the regulations
promulgated thereunder. 

        (H)  "Committee"
means the committee appointed by the Board of Directors to administer the Plan pursuant to Section 3(D). If the Committee has not been appointed, the
Board of Directors in its entirety shall constitute the Committee. The Board of Directors shall consider the advisability of whether the members of the Committee shall consist solely of two or more
member of the Board of Directors who are each "outside directors" as defined in Treas. Reg. Sec. 1.162-27(e) as promulgated by the Internal Revenue Service and "non-employee
directors" as defined in Rule 16b-3(b)(3) as promulgated under the Exchange Act. 

        (I)   "Company"
means First Metroplex Capital, Inc., a Texas corporation and registered bank holding company, and except as otherwise specified in this Plan in a
particular context, any successor thereto, whether by merger, consolidation, purchase of all or substantially all of its assets or otherwise. 

        (J)   "Exchange
Act" means the Securities Exchange Act of 1934, as amended. 

        (K)  "Exercise
Price" means the price at which a share of Stock may be purchased by a Participant pursuant to the exercise of an Option, as specified in the respective Stock
Option Agreement. 

        (L)  "Fair
Market Value" on any date with respect to the Stock means: 

        (i)    if
the Stock is listed on a national securities exchange, the last reported sale price of a share of the Stock on such exchange or, if no sale occurs on that date, the
average of the reported closing bid and asked prices on that date, 

        (ii)   if
the Stock is otherwise publicly traded, the last reported sale price of a share of the Stock under the quotation system under which the sale price is reported or, if
no sale occurs on that date, the average of the reported closing bid and asked prices on that date under the quotation system under which the bid and asked prices are reported, 

        (iii)  if
no such last sales price or average of the reported closing bid and asked prices are available on that date, the last reported sale price of a share of the Stock,
or if no sale takes place, the average of the reported closing bid and asked prices as so reported for the immediately preceding business day (a) on the national securities exchange on which
the Stock is listed or (b) if the Stock is otherwise publicly traded, under the quotation system under which such data are reported, or 

2

 

        (iv)  if
none of the prices described above is available, the value of a share of the Stock as reasonably determined by the Committee in a manner that it believes to be in
accordance with the Code. 

        (M) "ISO"
means an Option (or portion thereof) intended to qualify as an "incentive stock option" within the meaning of section 422 of the Code, or any successor
provision. 

        (N)  "NQSO"
means an Option (or portion thereof) that is not intended to, or does not, qualify as an "incentive stock option" within the meaning of section 422 of the
Code, or any successor provision. 

        (O)  "Option"
means the right of a Participant to purchase shares of Stock in accordance with the terms of this Plan and the Stock Option Agreement between such Participant
and the Company. 

        (P)   "Participant"
means any person to whom an Option has been granted pursuant to this Plan and who is a party to a Stock Option Agreement. 

        (Q)  "Stock"
means the common stock of the Company, par value $.01 per share. 

        (R)  "Stock
Option Agreement" means an agreement by and between a Participant and the Company setting forth the specific terms and conditions which Stock may be purchased by
such Participant pursuant to the exercise of an Option. Such Stock Option Agreement shall be subject to the provisions of this Plan (which shall be incorporated by reference therein) and shall contain
such provisions as the Board of Directors, in its sole discretion, may authorize. 

        (S)   "Subsidiary"
means a subsidiary corporation of the Company, as defined in Section 424(f) of the Code and regulations promulgated or rulings issued thereunder. 

        (T)  "Termination
Date" means has the date on which the Participant ceased to be an employee of the Company or any Subsidiary. 

3.     SHARES AVAILABLE UNDER THE PLAN  

        (A)  Shares Subject to the Plan. Subject to adjustment in accordance with the provisions of Section 6(J) hereof and
this Section 3, the total number of shares of Stock as to which Options may be granted shall be 260,000 shares. Stock issued under the Plan may be either authorized but unissued shares or
shares that have been reacquired by the Company. Any shares issued by the Company in connection with the assumption or substitution of outstanding grants from any acquired corporation shall not reduce
the shares of Stock available for Options under the Plan. 

        (B)  Forfeited Awards. In the event that any outstanding Option under the Plan for any reason expires unexercised, is
forfeited or is terminated prior to the end of the period during which Options may be issued under the Plan, the shares of Stock allocable to the unexercised portion of such Option that has expired,
been forfeited or been terminated shall become available for future issuance under the Plan. 

        (C)  Shares Used to Pay Exercise Price and Taxes. Shares of Stock delivered to the Company to pay the Exercise Price of any
Option or to satisfy the Participant's income tax withholding obligation shall become available for future issuance under the Plan. 

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        (D)  Adjustments on Changes in Stock. In the event of any change in the outstanding shares of Stock by reason of any merger,
reorganization, consolidation, recapitalization, stock dividend, stock split, reverse stock split, spinoff, combination or exchange of shares or other corporate change, the Committee, in its sole
discretion, may make such substitution or adjustment, if any, as it deems to be equitable or appropriate, as to: (i) the maximum number of shares of Stock that may be issued under the Plan as
set forth in Section 3(A); (ii) the number or kind of shares subject to an Option; (iii) subject to the limitation contained in Section 6(P), the Exercise Price applicable
to an Option; (iv) any measure of performance that relates to an Option in order to reflect such change in the Common Stock and/or (v) any other affected terms of any Option. 

4.     ADMINISTRATION  

        (A)  Procedure. The Plan shall be administered, construed and interpreted by the Committee, as such Committee is from time to
time constituted, or any successor committee the Board of Directors may designate to administer the Plan. The Committee may delegate any of its powers and duties to appropriate officer(s) of the
Company in accordance with guidelines established by the Committee from time to time. 

        (B)  Powers of the Committee. Subject to the other provisions of the Plan, the Committee shall have all powers vested in it by
the terms of the Plan as set forth herein, such powers to include exclusive authority (except as may be delegated as permitted herein): (i) to select those persons to be granted Options under
the Plan; (ii) to determine the type, size and terms of the Option to be granted to each individual selected; (iii) to modify the terms of any Option that has been granted;
(iv) to determine the time when Options will be granted; (v) to establish performance objectives; (vi) to determine the Fair Market Value of the Stock under
Section 2(L)(iv); (vii) to interpret the Plan and decide any questions and settle all controversies or disputes that may arise in connection with the Plan; (viii) to adopt, amend
and rescind rules and regulations relating to the Plan; (ix) to prescribe the form or forms of instruments evidencing Options and any other instruments required under the Plan and to change
such forms, in its discretion, from time to time; (x) to accelerate or defer (with the consent of the Participant) the vesting period or exercise date of any Option; (xi) to authorize
any person to execute on behalf of the Company any instrument required to effectuate the grant of an Option previously granted by the Committee; and (xii) to make all other determinations and
perform all other acts necessary or advisable for the administration of the Plan. The Committee (or its delegate as permitted herein) may correct any defect, supply any omission or reconcile any
inconsistency in the Plan or in any Option in the manner and to the extent that it shall deem desirable to carry the Plan or any Option into effect. 

        (C)  Effect of Decision of the Committee. All decisions, determinations and interpretations of the Committee (or its delegate
as permitted herein) in the administration of the Plan shall lie within its sole and absolute discretion and shall be final, conclusive and binding on all parties concerned; provided that the
Committee may, in its sole and absolute discretion, overrule a decision, determination or interpretation of a person to whom it has delegated authority. 

        (D)  Liability of Board of Directors or the Committee. No member of the Board of Directors or Committee or any officer of the
Company shall be liable for anything done or omitted to be done by him, by any other member of the Board of Directors or Committee or any officer of the Company in connection with the performance of
duties under the Plan, except for his own willful misconduct or as expressly provided by statute. The members of the Board of Directors and Committee and officers of the Company shall be entitled to
indemnification in connection with the performance of their respective duties under the Plan to the extent provided in the articles of incorporation or bylaws of the Company or otherwise by law. 

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5.     ELIGIBILITY  

        Consistent with the purposes of the Plan, the Committee shall have the power (except as may be delegated as permitted herein) to select the employees and other
individuals performing services for the Company and its Affiliates who may participate in the Plan and be granted Options under the Plan. No person who is not an employee of the Company or any
Subsidiary shall be eligible to receive an ISO award under the Plan. 

6.     TERMS AND CONDITIONS APPLICABLE TO OPTIONS UNDER THE PLAN  

        Options granted pursuant to the Plan shall be evidenced by Stock Option Agreements in such form as the Board of Directors shall, from time to time, approve, which
agreements shall in substance include or incorporate, comply with and be subject to the following terms and conditions (except as necessary to conform to the requirements of law, including the laws of
the jurisdiction where the Participant resides): 

        (A)  Medium and Time of Payment. The Exercise Price shall be paid in full at the time the Option is exercised. The Exercise
Price shall be payable either in (i) United States dollars in cash or by check, bank draft, money order or wire transfer of good funds payable to the Company; (ii) upon conditions
established by the Committee, by delivery of shares of Stock owned by the Participant for at least six (6) months prior to the date of exercise; or (iii) by a combination of
(i) and (ii). 

        (B)  Number of Shares. The total number of shares to which each Option pertains shall be designated in the Stock Option
Agreement at the time of grant. 

        (C)  Designation of Option. Each Option shall be designated in the Stock Option Agreement as either an ISO or a NQSO. In the
event that a person is granted concurrently an ISO and a NSQO, such Options shall be evidenced by separate Stock Option Agreements. However, notwithstanding such designations, to the extent that the
aggregate Fair Market Value (determined as of the time of grant) of the Stock with respect to which Options designated as ISOs are exercisable for the first time by any employee during any calendar
year (under all plans of the Company and Bank) exceeds $100,000, or an ISO does not meet any other requirement to be an "incentive stock option" within the meaning of section 422 of the Code,
such Options shall be treated as NQSOs. For purposes of this section, Options shall be taken into account in the order in which they were granted. 

        (D)  Exercise Price. The Exercise Price per share of Stock under an Option shall be determined by the Committee in its sole
discretion; provided however that the Exercise Price shall be not less than one hundred percent (100%) of the Fair Market Value on the date that such Option is granted and, in the case of an ISO
granted to a Controlling Participant, the Exercise Price shall be not less than one hundred ten percent (110%) of the Fair Market Value on the date that such Option is granted. 

        (E)  Option Term. The term of an Option shall be fixed by the Committee, in its sole discretion in each Stock Option
Agreement; provided however that for any Option to qualify as an ISO, the Option shall expire not more than ten years from the date the Option is granted and, in the case of a Controlling Participant,
not more than five years from the date the Option is granted. 

        (F)  Exercise of Options. Subject to the provisions of this Plan and the applicable Stock Option Agreement, an Option may be
exercised at any time during the term of the Option by delivering to the Company, at its principal place of business, a written notice of exercise in the form prescribed by the Committee, accompanied
by) full payment for the Stock with respect to which the Option is exercised has been received by the Company in accordance with Section 6(A) hereof and the Stock Option Agreement. Except as
otherwise expressly provided in writing by the Board of Directors, an Option may not be exercised for a fractional share of Stock. 

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        (G)  Stock Certificates. Promptly upon exercise of an Option, the Company shall issue (or cause to be issued) certificates
evidencing the shares of Stock acquired as a result of the exercise of the Option. In the event that the exercise of an Option is treated in part as the exercise of an ISO and in part as the exercise
of a NQSO pursuant to Section 6(C) hereof, the Company shall issue a certificate evidencing the shares of Stock treated as acquired upon the exercise of an ISO and a separate certificate
evidencing the shares of Stock treated as acquired upon the exercise of a NQSO, and shall identify each such certificate accordingly in its stock transfer records. 

        All
certificates for shares of Stock delivered under the Plan pursuant to any Option shall be subject to such stock transfer orders and other restrictions as the Committee may deem
advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Stock is then listed, and any applicable federal or state
securities laws or regulations, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

        (H)  Date of Exercise. The Committee may, in its sole discretion, provide that an Option may not be exercised in whole or in
part for any period or periods of time specified by the Committee. Except as may be so provided, any Option may be exercised in whole at any time, or in part from time to time, during its term. In the
case of an Option not immediately exercisable in full, the Committee may at any time accelerate the time at which all or any part of the Option may be exercised. 

        (I)   Termination of Service. The Committee may determine, at the time of grant, for each Option the extent to which the
Participant (or his legal representative) shall have the right to exercise the Option following termination of such Participant's service to the Company or any Affiliate. Such provisions may reflect
distinctions based on the reasons for the termination of service and any other relevant factors that the Committee may determine. In the absence of such standards, any ISO granted pursuant to the Plan
that has not vested prior to the date on which the Participant ceased to be an employee of the Company or a parent or subsidiary of the Company ("Termination Date") shall expire immediately upon the
Termination Date, and any ISO granted pursuant to the Plan that has vested prior to the Termination Date shall expire three (3) months following the Termination Date; provided however that if
the cessation of Participant's service is due to his death or disability (as defined in section 22(e)(3) of the Code), such ISO shall expire one year from the Termination Date. 

        (J)   Transferability. Except as otherwise permitted by the Committee, Options shall be nontransferable other than by will or
the laws of descent and distribution and shall be exercisable during the lifetime of the Participant only by the Participant (or in the event of his disability (as defined in section 22(e)(3)
of the Code), by his guardian or legal representative) and after his death, only by the Participant's legal representatives, heirs, legatees, or distributees. 

        (K)  No Rights as a Participant. The prospective recipient of any Option under the Plan shall not, with respect to such
Option, be deemed to have become a Participant, or to have any rights with respect to such Option, unless and until such recipient shall have executed a Stock Option Agreement or other instrument
evidencing the Option and delivered a copy thereof to the Company, and otherwise complied with the then applicable terms and conditions. 

        (L)  No Rights as a Shareholder. Notwithstanding the exercise of an Option, a Participant shall have no rights as a
shareholder with respect to shares covered by an Option until the date the certificates evidencing the shares of Stock are issued (as evidenced by the appropriate entry on the books of the Company or
of a duly authorized transfer agent of the Company). No adjustment will be made for dividends or other rights the record date for which is prior to the date of issuance. 

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        (M) Tax Withholding. As a condition to the exercise of any Option, the Company shall have the right to require that the
Participant exercising the Option (or the recipient of any shares of Stock) remit to the Company an amount calculated by the Company to be sufficient to satisfy applicable federal, state, foreign or
local withholding tax requirements (or make other arrangements satisfactory to the Company with regard to such taxes) prior to the delivery of any certificate evidencing shares of Stock. If permitted
by the Company, either at the time of the grant of the Option or in connection with its exercise, the Participant may satisfy applicable withholding tax requirements by delivering a number of whole
shares of Stock owned by the Participant for at least six (6) months prior to the date of exercise and having a Fair Market Value (determined on the date that the amount of tax to be withheld
is to be fixed) at least equal to the aggregate amount required to be withheld. 

        In
the case of an ISO, the Committee may require as a condition of exercise that the Participant exercising the Option agree to inform the Company promptly of any disposition (within the
meaning of section 424(c) of the Code and the regulations thereunder) of Stock received upon exercise. 

        (N)  Change of Control. Notwithstanding any provision of this Plan or any Stock Option Agreement to the contrary, unless the
Committee shall determine otherwise at the time of grant with respect to a particular Option, all Options outstanding as of the date of a Change of Control or an agreement to effect a Change of
Control, and which are not then exercisable and vested, shall become fully exercisable and vested to the full extent of the original grant. The determination as to whether a Change in Control or an
agreement to effect a Change of Control has occurred shall be made by the Committee and shall be conclusive and binding. 

        (O)  Additional Restrictions and Conditions. The Committee may impose such other restrictions and conditions (in addition to
those required by the provisions of this Plan) on any Option granted hereunder and may waive any such additional restrictions and conditions, so long as (i) any such additional restrictions and
conditions are consistent with the terms of this Plan and (ii) such waiver does not waive any restriction or condition required by the provisions of this Plan. 

        (P)   Repricing. The Committee shall not, without the further approval of the Board of Directors, (i) authorize the
amendment of any outstanding Option to reduce the Exercise Price of such Option or (ii) grant a replacement Option upon the surrender and cancellation of a previously granted Option for the
purpose of reducing the Exercise Price of such Option. Nothing contained in this section shall affect the right of the Board of Directors or the Committee to make the adjustment permitted under
Section 3(D). 

7.     AMENDMENT AND TERMINATION OF THE PLAN  

        The Committee may amend, alter, suspend, or terminate the Plan or any portion thereof at any time; provided that no such amendment, alteration, suspension or
termination shall be made without the approval of the shareholders of the Company if such approval is necessary to qualify for or comply with any tax or regulatory requirement for which or with which
the Board of Directors deems it necessary or desirable to qualify or comply. No amendment, suspension or termination of the Plan shall adversely affect the right of any Participant with respect to any
Option theretofore granted, as determined by the Committee, without such Participant's written consent. 

        Unless
earlier terminated, the Plan shall terminate ten years from the date on which the Plan is first approved by the Board of Directors, and no award shall be granted after that date.
Such termination by lapse of time shall not effect the validity or terms of any Option then outstanding or the ability of the Committee to amend, alter, adjust, suspend, discontinue or terminate any
such Option or to waive any conditions or rights under any such Option for so long as the Option is outstanding. 

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8.     LEGALITY OF GRANT  

        The granting of Options under this Plan and the issuance or transfer of Options and shares of Stock pursuant hereto are subject to all applicable federal and
state laws, rules and regulations and to such approvals by any regulatory or government agency (including, without limitation, no-action positions of the Securities and Exchange
Commission) which may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. Without limiting the generality of the foregoing, no Options may be granted under
this Plan and no Options or shares shall be issued by the Company unless and until in any such case all legal requirements applicable to the issuance or payment have, in the opinion of counsel for the
Company, been complied with. In connection with any Option or Stock issuance or transfer, the person acquiring the shares or the Option shall, if requested by the Company, give assurance satisfactory
to counsel to the Company with respect to such matters as the Company may deem desirable to assure compliance with all applicable legal requirements. 

9.     NO EMPLOYMENT/SERVICE RIGHTS  

        Nothing in this Plan or any Stock Option Agreement shall confer upon any person the right to participate in the benefits of the Plan or to be granted an Option,
and there shall be no obligation to provide uniformity of treatment in connection with the administration of this Plan. The terms and conditions of Options or Stock Option Agreements need not be the
same with respect to each Participant. 

        Nothing
in this Plan or any Stock Option Agreement shall be construed as constituting a commitment, guarantee, agreement or understanding of any kind or nature that the Company or any
Affiliate shall continue to employ, retain or engage any individual (whether or not a Participant). Neither this Plan nor any Stock Option Agreement executed in accordance with this Plan shall affect
in any way the right of the Company or any Affiliate to terminate the employment or engagement of any individual (whether or not a Participant) at any time and for any reason whatsoever and to remove
any individual (whether or not a Participant) from any position with the Company or any Affiliate. No change of a Participant's duties with the Company or any Affiliate shall result in a modification
of any rights of such Participant under this Plan or any Stock Option Agreement executed by such Participant. 

10.   EFFECTIVE DATE  

        This Plan shall become effective upon its approval by the Board of Directors; provided however that no grant of an Option under this Plan shall qualify as an ISO
unless, within one year of the date the Plan becomes effective, the Plan is approved by the affirmative vote of a majority of the shareholders of the Company present, in person or by proxy, at a
meeting of the shareholders of the Company. The Committee may grant ISOs subject to the condition that this Plan shall have been approved by the shareholders of the Company as provided herein. 

11.   RESERVATION OF SHARES  

        The Company, during the term of this Plan, shall at all times reserve and keep available such number of shares of Stock as shall be sufficient to satisfy the
requirements of the Plan. 

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12.   MINIMUM CAPITAL REQUIREMENTS  

        Notwithstanding any provision of this Plan or any Stock Option Agreement to the contrary, all Options granted under the Plan shall expire, to the extent not
exercised, within 45 days following the receipt of notice from the Bank's state or primary federal regulator ("Regulator") that (i) the Bank has not maintained its minimum capital
requirements (as determined by the Regulator); and (ii) the Regulator is requiring termination or forfeiture of options. Upon receipt of such notice from the Regulator, the Company shall
promptly notify each Participant that all Options issued under this Plan have become fully exercisable and vested to the full extent of the grant and that the Participant must exercise the Option(s)
granted to him prior to the end of the 45-day period or such earlier period as may be specified by the Regulator or forfeit such Option. In case of forfeiture, no Participant shall have a
cause of action, of any kind or nature, with respect to the forfeiture against the Company or any Affiliate. Neither the Company nor any Affiliate shall be liable to any Participant due to the failure
or inability of the Company or any Affiliate to provide adequate notice to the Participant. 

13.   ADMINISTRATION OF PLAN  

        Notwithstanding any other provision herein to the contrary, this Plan shall be administered in accordance with the provisions of the Federal Deposit Insurance
Corporation's Statement of Policy on Applications for Deposit Insurance as such policy relates to stock benefit plans. 

14.   GENERAL  

        (A)  Burden and Benefit. The terms and provisions of this Plan and the Options issued hereunder shall be binding upon, and
shall inure to the benefit of, the Company and each Participant and any permitted successors and assigns. 

        (B)  Interpretation. When a reference is made in this Plan to a Section, such reference will be to a Section of this Plan
unless otherwise indicated. The headings contained in this Plan are for convenience of reference only and will not affect in any way the meaning or interpretation of this Plan or any Option. Whenever
the words "include," "includes" or "including" are used in this Plan, they will be deemed to be followed by the words "without limitation." The words "hereof," "herein" and "hereunder" and words of
similar import when used in this Plan will refer to this Plan as a whole and not to any particular provision in this Plan. Each use herein of the masculine, neuter or feminine gender will be deemed to
include the other genders. Each use herein of the plural will include the singular and vice versa, in each case as the context requires or as is otherwise appropriate. The word "or" is used in the
inclusive sense. Any agreement, instrument or statute defined or referred to herein or in any agreement or instrument that is referred to herein means such agreement, instrument or statute as from
time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes
and references to all attachments thereto and instruments incorporated therein. References to a person are also to its permitted successors or assigns. No provision of this Plan is to be construed to
require, directly or indirectly, any person to take any action, or omit to take any action, which action or omission would violate applicable law (whether statutory or common law), rule or regulation. 

        (C)  Costs and Expenses. All costs and expenses with respect to the adoption, implementation and administration of this Plan
shall be borne by the Company; provided, however that, except as otherwise specifically provided in this Plan or the applicable Stock Option Agreement between the Company and a Participant, the
Company shall not be obligated to pay any costs or expenses (including legal fees) incurred by any Participant in connection with any Stock Option Agreement, this Plan or any Option or Stock held by
any Participant. 

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        (D)  Unfunded Status of Plan. The Plan is intended to constitute an "unfunded" plan for long-term incentive
compensation. Neither the Plan nor any Option shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and a
Participant or any other person. Nothing contained herein shall be construed to give any Participant any rights with respect to any Option, unexercised or exercised, or any other matters under this
Plan that are greater than those of a general unsecured creditor of the Company. 

        (E)  Governing Law. The validity, construction and effect of the Plan, any rules and regulations relating to the Plan and any
Option granted hereunder shall be determined in accordance with the laws of the State of Texas, without reference to the laws that might otherwise govern under applicable principles of conflicts of
law. 

        (F)  Severability. If any term or other provision of this Plan or any Stock Option Agreement is held to be illegal, invalid or
unenforceable by any rule of law or public policy, such term or provision shall be fully severable and this Plan or the Stock Option Agreement shall be construed and enforced as if such illegal,
invalid or unenforceable provision were not a part hereof, and all other conditions and provisions shall remain in full force and effect. Upon such determination that any term or other provision is
invalid, illegal or unenforceable, there shall be added automatically as a part of this Plan or the Stock Option Agreement a provision as similar in terms to such illegal, invalid or unenforceable
provision as may be possible and still be legal, valid and enforceable. If any provision of this Plan or any Stock Option Agreement is so broad as to be unenforceable, the provision shall be
interpreted to be only as broad as is enforceable. 

        (G)  Certain Conflicts. In the event of an irreconcilable conflict between the terms of the Plan and any Stock Option
Agreement, the terms of the Plan shall prevail. 

        (H)  Notices. Any notice or other communication required or permitted to be made hereunder or by reason of the provisions of
this Plan or any Stock Option Agreement shall be in writing, duly signed by the party giving such notice or communication and shall be deemed to have been properly delivered if delivered personally or
by a recognized overnight courier service, or sent by first-class certified or registered mail, postage prepaid, as follows (or at such other address for a party as shall be specified by like notice):
(i) if given to the Company, at its principal place of business, and (ii) if to a Participant, as provided in his Stock Option Agreement. Any notice properly given hereunder shall be
effective on the date on which it is actually received by the party to whom it was addressed. 

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        IN WITNESS WHEREOF, the Company, acting by and through its duly authorized officer, has executed this Plan on this the    day
of                        , 2004. 

	 	 	FIRST METROPLEX CAPITAL, INC.
	

 	
 	

By:	
 	

  
 Patrick G. Adams, President

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QuickLinks

Exhibit 10.6

FIRST METROPLEX CAPITAL, INC. 2003 STOCK INCENTIVE PLAN

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