Document:

Exhibit 10.10 MCP

    Exhibit
      10.10

    
 

    August
      24, 2006 

    Mr.
      Mike
      Drace 

    US
      Dry
      Cleaning Corporation 

    125
      E
      Tahquitz Canyon, Suite 203 

    Palm
      Springs, CA 92262 

     

    Re:
      Engagement Agreement for Investment Banking Services 

     

    This
      letter sets forth an Engagement Agreement (“Agreement”) between Marino Capital
      Partners, Inc., a California corporation (“MCP”) and US Dry Cleaning
      Corporation, a Delaware corporation (“USDC” or “Company”). 

     

    1.
      Investment
      Banking and Advisory Services.
      MCP
      will
      provide a range of investment banking and advisory services to USDC, which
      may
      include, however, are not limited to: (a) Underwriting.
      Upon
      USDC filing an SB-2 for a secondary registration of shares, MCP will enter
      into
      an LOI that will utilize such filing for a firm commitment primary issuance.
      Proposed Terms of such offering are attached as Exhibit
      “C”;
      (b)
Private
      Offering.
      Raising
      up to $5 million in capital from institutional investors or other accredited
      investors either pursuant to terms proposed by the investor or in a Private
      Offering which shall begin upon delivery of an Offering Circular (“OC”), to be
      attached as Exhibit
      “B”, that
      is
      satisfactory to MCP, including at minimum the items listed in Section 8 of
      this
      Agreement. Completion of the offering will be in 45 days or less from the time
      the OC is available; in any case, in the event that the Company goes into
      registration prior to the completion of the offering, upon written notice by
      the
      Company such offering will close within 3 business days. Proposed Terms of
      such
      offering are attached as Exhibit
      “D”. Use
      of
      proceeds from the offering are to fund EBITDA profitable acquisitions totaling
      at least $5 million in annualized run rate revenues, based on last trailing
      quarter’s revenues, and for accounting and legal expenses related to the filing
      of the SB-2 and underwriting; (c) Debt.
      Raising
      up to $5 million in debt from institutional investors or other accredited
      investors on terms acceptable to Company; (d) introducing USDC to other
      investment banking and underwriting firms; (e) if requested, recommending
      potential suitable candidates to help enhance the Board of Directors and
      Management Team of USDC; and (f) assisting in the negotiation of identified
      potential acquisition candidates (Al Philips-HI, Delphi Management, Boston
      Cleaners-Riverside and Team-Fresno), as well as, at the Company’s request,
      additional acquisition candidates on a going-forward basis. 

     

      
      2. Exclusive
      Engagement.
      With
      the
      exception of the carve-outs described in 4.(c) and specifically listed in
Exhibit
      “G”, MCP’s
      engagement shall be exclusive for 

     

     

    
      
        
          4600
            Campus Drive, Suite 105, Newport Beach, California 92660

          Telephone
            (949) 222-1930 Fax (949) 767-5888 

        

      

      
        1

        
          

        

      

      
        
        

      

    

     

     

    the
      period specified in paragraph 3, below, such that only MCP shall have the right
      to provide investment banking services to USDC, and to earn compensation in
      connection with any transaction or any investment by any investors, including
      with respect to transactor parties, lenders or investors identified by USDC
      and
      not necessarily introduced to USDC by MCP. As lead investment banker, MCP shall
      be permitted to engage other NASD member firms in a selling syndicate and/or
      third-party finders, provided that all compensation to such parties shall be
      paid out of the total fees payable to MCP hereunder. No directors or officers
      of
      USDC shall receive any additional or separate compensation for their role in
      any
      transaction or the sale of USDC securities. 

     

     

           
      3. Engagement
      Period / Termination. 

        
      

    (a)
      The
      term of this Agreement (the “Engagement Period”) will expire upon the earlier to
      occur of (i) 1 year from the date this engagement agreement is executed, or
      (ii)
      the mutual written agreement of USDC and MCP. 

    (b)
      If,
      on the date that would otherwise be the termination date of this Agreement,
      Escrow is open for a scheduled Closing of any transaction or offering, this
      Agreement shall automatically be extended until that scheduled 

    Close
      of
      Escrow. 

      
      (c) Notwithstanding any other provisions of this Agreement, if at any time
      during the 12-month period after termination of this Agreement, USDC completes
      a
      transaction with a prospective party, lender or investor (or an affiliate of
      any
      such entity), that was introduced by MCP to USDC during the Engagement Period,
      upon the Closing of any such transaction, USDC will be obligated to pay the
      fees
      otherwise due to MCP under this Agreement. 

      
      (d) If, during the term of this engagement, USDC is presented with an
      opportunity to raise capital by another investment bank or agent, while MCP
      reserves the right of first refusal to lead that effort, MCP agrees to operate
      in good faith to serve the needs of the Company and, if deemed necessary in
      its
      sole judgment, waive its rights to participate or be compensated, should the
      terms of that effort fall outside MCP’s area of expertise or limitations of its
      personnel. 

     

      
4.
      MCP
      Compensation. 

    

       (a)
      Commitment
      Fee. In
      exchange for MCP’s role in preparing for the equity and/or debt capital raise
      and providing the additional advisory services, including management structure,
      capital structure and merger and acquisition, USDC hereby agrees to pay MCP
      a
      non-refundable commitment fee of $45,000 or $30,000 upon execution of the
      Agreement with an additional $20,000 due 30 days thereafter. 

       (b)
      Equity
      and Debt Investments. In
      exchange for equity and/or convertible debt investments in USDC, collectively
      referred to herein as “gross investment”, MCP shall receive the following
      compensation: (i) a success fee equal to 10 percent (10%) of the gross
      investment, payable in cash at Closing, (ii) a non-accountable expense allowance
      equal to three percent (3%) of the gross investment, payable in cash at Closing,
      and (iii) warrants to acquire USDC common stock equal to ten percent (10%)
      of
      the gross investment, with an exercise price of one hundred percent (100%)
      of
      the price per share established in the transaction, exercisable for five (5)
      years from the effective date, and containing net issuance, anti-dilution
      provisions for split adjustments and “piggyback” 

     

    
 

    
      
        
          4600
            Campus Drive, Suite 105, Newport Beach, California 92660

          Telephone
            (949) 222-1930 Fax (949) 767-5888 

        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    registration
      rights, all as mutually agreed to by the parties within sixty (60) days from
      the
      date of this Agreement, and (iv) additionally, to the extent that securities
      sold in any offering include warrants to the investor, upon the exercise of
      any
      such warrants, MCP shall be entitled to receive 9% of the gross proceeds
      received by USDC as a result of such exercise. Provided that MCP stands ready
      and demonstrates capability to assist in the management of the warrant exercise
      process, MCP shall be entitled to such compensation even in the event the
      Company chooses to engage another firm or to manage the process in house. Such
      management of the warrant exercise process shall not be unreasonably withheld
      by
      the Company in order to avoid payment of such fees.         

        Performance
      Warrants:
      In
      addition to the foregoing, USDC hereby agrees to pay MCP one warrant for each
      two dollars raised up to the first $1 million in funding, or upon the Closing
      of
      any M&A transaction involving MCP, for a total of 500,000 warrants. Such
      warrants shall have an exercise price of .25, be exercisable for five (5) years
      from the effective date, and contain net issuance, anti-dilution provisions
      for
      split adjustments and “piggyback” registration rights, such that the shares
      underlying the warrants are included in the aforementioned SB-2 Filing.

     

      
      (c) Carve
      Outs.
      Upon
      execution of this Agreement, USDC agrees to provide a list of its current
      shareholders as well as those that have been presented with an investment
      opportunity in USDC and attach it to this agreement as Exhibit
      “G”.
      MCP
      hereby waives its rights to its 10% success fee, reduces its warrant
      compensation to 5%, and remains entitled to its 3% non-accountable expense
      fee
      on investments completed by those listed on Exhibit
      “G”. Nonetheless,
      upon request, MCP shall use its best efforts to assist USDC in its attempts
      to
      solicit investments (to the extent not prohibited by NASD regulations) from
      the
      individuals or entities on this list. 

     

      
      (d) Purchase
      or Sale. (M&A):
      

     

       (1.)
      Purchase
      Transaction. For
      transactions involving USDC’s purchase of the majority outstanding capital stock
      or assets of another company, where USDC has requested MCP’s assistance,
      including, but not limited to Al Philips-HI, Delphi Management Group,
      Team-Fresno, Boston Cleaners-Riverside and National Dry Cleaners, MCP shall
      receive upon each closing: (i) a success fee, payable in cash, equal to 2%
      of
      the aggregate consideration and (ii) warrants to acquire USDC common stock
      (or
      any successor-in-interest to USDC) equal to ten percent (10%) of the aggregate
      consideration, with an exercise price of one hundred percent (100%) of the
      price
      per share established by the lesser of the 20 day VWAP, or if not so quoted
      during such period, then the share price of the equity at the last private
      sale
      of securities by the Company, exercisable for five (5) years from the effective
      date, and containing net issuance, anti-dilution provisions for split
      adjustments and “piggyback” registration rights, all as mutually agreed to by
      the parties within sixty (60) days from the date of this Agreement. 

     

       
      (2.) Sale
      Transaction. For
      any
      transaction involving a sale of the majority outstanding capital stock of USDC,
      MCP shall receive upon each closing a success fee, payable in kind as if and
      when Company receives its cash or kind, MCP shall be paid its prorata portion
      within 5 business days, equal to 1% of the aggregate consideration.

     

    
 

    
      
        
          4600
            Campus Drive, Suite 105, Newport Beach, California 92660

          Telephone
            (949) 222-1930 Fax (949) 767-5888 

        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    For
      purposes of this Agreement, aggregate consideration is defined as the greater
      of, (1) the total amount actually paid to USDC or payable by Acquirer, less
      any
      debt repaid or remaining on the books of Company, or (2) the enterprise value
      assigned to any such transaction by either party thereto, whether due at closing
      or deferred by the parties, all classes of securities issued and transferred,
      the principal amount of any notes, the aggregate amounts payable pursuant to
      any
      consulting agreements, employment agreements, agreements not to compete and
      similar agreements, and the aggregate amount of value assigned to any bank
      or
      term loans or other debts assumed or refinanced as part of the transaction
      (the
      interpretation of which shall not be limited by any book value assigned to
      assets or liabilities, or any characterization thereof for tax purposes).

      
      (e) Underwriting.
      For any
      primary issuance of corporate securities in an underwritten public offering
      involving MCP, MCP shall receive an underwriting fee equal to 2% of the gross
      proceeds; a management fee equal to 2% of the gross proceeds; a non-accountable
      expense allowance equal to 2% of the gross proceeds, and a selling concession
      equal to 6% of the gross proceeds, and warrants equal to 10% of the shares
      issued, with an exercise price equal to 20% greater than the price of the shares
      offered in the underwriting (such warrants shall be exercisable for five (5)
      years from the effective date, and contain net issuance, anti-dilution
      provisions for split adjustments and “piggyback” registration rights). The
      foregoing fees are to be distributed among the underwriters and syndicate
      members at MCP’s sole discretion. Additionally, upon the exercise of any
      warrants issued to the investors, MCP shall be entitled to receive 5% of the
      gross proceeds received by USDC as a result of such exercise. At MCP’s
      discretion, up to 50% of the 9% fee may be allocated to participating syndicate
      members who assist in managing the warrant exercise process. Provided that
      MCP
      stands ready and demonstrates capability to assist in the management of the
      warrant exercise process, MCP shall be entitled to such compensation even in
      the
      event the Company chooses to engage another firm or to manage the process in
      house. Such management of the warrant exercise process shall not be unreasonably
      withheld by the Company in order to avoid payment of such fees. 

      

      
5.
      Break-Up
      Fees. In
      the
      event MCP has arranged for an investor, lender, sale of securities, or
      Subscription Agreement deemed acceptable to USDC,
      and
      USDC
      then determines not to conclude the transaction or accept the funds, USDC will
      nevertheless owe MCP break-up fees or liquidated damages, equal to fifty percent
      (50%) of the total compensation under this Agreement payable in addition to
      any
      retainer amounts paid, as well as remain obligated to reimburse MCP for its
      direct expenses. Notwithstanding any of the above, no Break-Up fees or
      liquidated damages will be payable in the event that USDC (i) has advised MCP
      to
      cease the services referenced in this paragraph prior to MCP concluding such
      services or (ii) has determined, in the exercise by its board of its fiduciary
      duties, that such investment or investor breaches the USA Patriot Act of 2001,
      the current Anti-Money Laundering compliance guidelines for NASD member firms,
      or is a competitor the company. 

    

      
      6. Future
      Rights. Upon
      MCP
      successfully raising a minimum of $3 million in cash equity for Company or
      upon
      the occurrence of an event referenced in section (i) of the
      proviso in paragraph 5, above, USDC hereby agrees to retain/engage MCP in an
      advisory capacity for a monthly fee of $10,000 per month for services to include
      general 

    

    
      
        
          4600
            Campus Drive, Suite 105, Newport Beach, California 92660

          Telephone
            (949) 222-1930 Fax (949) 767-5888 

        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    business
      consulting, investment banking and Mergers and Acquisitions for a 12 month
      period. MCP agrees to make available a full-time, experienced M&A
      professional to assist USDC with diligence, negotiation and analysis on an
      as
      needed basis; and, upon successful completion of any part of this engagement,
      MCP shall have the right, at its option, to participate as a Manager or
      co-Manager in any capital transaction, corporate merger or acquisition,
      underwriting or offering involving USDC during the subsequent 1 year period,
      and
      to earn market fees associated therewith. In the event that another Investment
      Banker desires to become involved, MCP will negotiate in good faith with the
      Investment Banker and use commercially reasonable efforts to meet the needs
      of
      all parties. 

     

      
      7. Standard
      Terms. The
      “Standard Terms Included in the Marino Capital Partners, Inc. Engagement
      Agreement with US Dry Cleaning Corporation” attached hereto as Exhibit
      “A” are
      hereby incorporated by reference into this Agreement. 

     

      
      8.
      Company
      Duties Upon Execution of this Agreement. Promptly
      following the execution of this Agreement, Company agrees to: 

      
      (a) Provide MCP with additional information needed to complete an Offering
      Circular containing a complete review of the business and up to date internally
      prepared financial affairs of Company through June 30, 2006, including, but
      not
      limited to a Balance Sheet, Income Statement, and Statement of Cash flows,
      proforma financials on acquisition targets that are under LOI or contemplated
      with USDC; 12 month projections including such acquisitions and any contemplated
      to be completed as part of the use of proceeds of the offerings contemplated
      herein, management contracts must be in place for key executives, board of
      directors must consist of at least 60% non-management board members with
      relevant experience. Such memorandum must be reviewed and be reasonably
      acceptable to Company counsel. 

                       (b)
      Notify its attorneys, accountants and bookkeepers, that MCP is USDC’s exclusive
      investment banker who should be provided full access and knowledge of all
      documents and communications relevant to the proposed capital raise, excluding
      any communication covered by attorney-client privilege. 

                       
      (c) CEO must be available for road-shows and corporate presentations both live
      and telephonically during periods of capital raising upon adequate notice.
      

      
      (d) Deliver complete audits and SEC Filings (10KSBs and 10QSBs) through the
      Quarter ended June 30, 2006 by September 30, 2006. 

      
      (e) Deliver a non-binding Letter of Intent to acquire Al Philips the Cleaners’
Hawaiian operations on terms consistent with those previously discussed with
      MCP
      and which do not require financial statement disclosure in any SEC Filing by
      the
      Company. 

      
      (f) Secure options to acquire Delphi Management Group (Arizona), Team Cleaners
      (Fresno, CA) and Boston Cleaners (Riverside, CA) on terms consistent with those
      previously discussed with MCP and which do not require financial statement
      disclosure in any SEC Filing by the Company. 

      
      (g) File SB-2 by September 30, 2006, in order to ensure possibility of Q4 2006
      underwriting. 

      
      (h) Deliver up to date fully diluted capitalization table including current
      management structure and contemplated changes along with attendant stock option
      plans that may accompany such management changes. 

     

     

    
      
        
          4600
            Campus Drive, Suite 105, Newport Beach, California 92660

          Telephone
            (949) 222-1930 Fax (949) 767-5888 

        

      

      
        5

        
          

        

      

      
        
        

      

    

     

       
      (i) Management and members of the Board to complete Questionnaire for Directors,
      Officers, Key Employees and Principal Shareholders, attached as Exhibit
      “E” 

      
      (j) Complete MCP Due Diligence Checklist, attached as Exhibit
      “F” 

     

      
      If the terms and conditions of this Agreement are acceptable to you, then please
      execute this Agreement where indicated below and return an originally executed
      Agreement to me, together with the retainer. Until signed by USDC, this letter
      is an offer by MCP that expires on August 28, 2006. 

     

     

     

    SIGNATURE
      PAGE FOR AUGUST 24, 2006 ENGAGEMENT AGREEMENT 

     

    

      
        	
                Sincerely,

              	 	
                 ACCEPTANCE:
                  

              
	
                Marino
                  Capital Partners, Inc.

              	 	
                US
                  Dry Cleaning Corporation 

              
	
                a
                  California corporation 

              	 	
                a
                  Delaware corporation 

              
	
                /s/ Frank
                  Marino

              	 	
                /s/ Mike
                  Drace 

              
	
                By:
                  Frank Marino 

              	 	
                By:
                  Mike Drace 

              
	
                Its:
                  Chief Executive Officer

              	 	
                Its:
                  Chief Executive Officer 

              

      

    

    

     

     

    
      
        
          4600
            Campus Drive, Suite 105, Newport Beach, California 92660

          Telephone
            (949) 222-1930 Fax (949) 767-5888 

        

      

      
        6<PAGE>
                                                                    EXHIBIT 10.1

                              TERMINATION AGREEMENT

                                 BY AND BETWEEN

                         EL BANCO FINANCIAL CORPORATION
                                FORMERLY KNOWN AS
                       NUESTRA TARJETA DE SERVICIOS, INC.

                                     (BUYER)

                                       AND

                            NBOG BANCORPORATION, INC.

                                    (SELLER)

                                   DATED AS OF

                                OCTOBER 25, 2006

<PAGE>

                              TERMINATION AGREEMENT

     THIS TERMINATION AGREEMENT, dated October 25, 2006, is intended to formally
terminate the Agreement And Plan Of Merger (the "Agreement") dated as of May 5,
2006, by and between El Banco Financial Corporation (formerly known as Nuestra
Tarjeta de Servicios, Inc.), a Georgia corporation ("Buyer") and NBOG
Bancorporation, Inc., a Georgia corporation ("Seller").

                                    PREAMBLE

     WHEREAS, Section 9.1(a) of the Agreement permits the termination of the
Agreement upon the mutual written agreement of the Buyer and Seller;

     WHEREAS, the Buyer and Seller intend for this Termination Agreement to
document the mutual agreement of the Buyer and Seller to terminate the
Agreement;

     NOW, THEREFORE, in consideration of the mutual warranties, representations,
covenants, and agreements set forth herein, and other good and valuable
consideration and the receipt and sufficiency of which are acknowledged, the
Parties, intending to be legally bound, agree as follows:

                                    ARTICLE 1
                                   TERMINATION

         1.1 The Agreement shall be deemed terminated as of the date hereof and
the Merger contemplated thereunder shall be deemed abandoned as of the date
hereof, subject to Section 9.2 of the Agreement.

         1.2     (a) Buyer acknowledges that it is not currently in negotiations
                 and is not party to any agreement to acquire any other
                 depository institution; and

                 (b) Buyer shall notify SunTrust Banks of its intention not to
                 undertake the Deconversion transaction, as contemplated in the
                 Transition Agreement between Buyer and SunTrust Banks dated
                 June 14, 2006 ("Transition Agreement").

                                      -1-
<PAGE>

                                    ARTICLE 2
                       SURVIVING SECTIONS OF THE AGREEMENT

        Section 9.2 of the Agreement provides that in the event of the
termination and abandonment of this Agreement by either Buyer or Seller pursuant
to Section 9.1, this Agreement shall become void and have no effect, except that
(i) the provisions of Sections 7.5, 9.2, 9.3, 10.2 and 10.3 shall survive any
such termination and abandonment, and (ii) no such termination shall relieve the
breaching Party from Liability resulting from any breach by that Party of this
Agreement.

                                    ARTICLE 3
                                 TERMINATION FEE

        Notwithstanding, Article 2 above and Section 9.3 of the Agreement, Buyer
and Seller each confirm that by entering into this Termination Agreement, that
neither party has any obligation under Section 9.3 of the Agreement with respect
to the payment of a Termination Fee.

                                    ARTICLE 4
                           MUTUAL WAIVERS AND RELEASE

4.1     Notwithstanding Article 2 above and Section 9.2 of the Agreement, in
order to bring closure to the transactions contemplated by the Agreement, Buyer
on behalf of itself, directors, officers, employees, successors and assigns, and
Seller on behalf of itself, its subsidiary The National Bank of Gainesville and
their directors, officers, employees, successors and assigns (collectively, the
"Releasing Parties") without admitting any fault or liability on the part of any
other Releasing Party, determined it is in their best interest to resolve any
and all claims and disputes that have arisen or could arise among them as a
compromise and settlement of any and all claims.

4.2      Accordingly, the Releasing Parties hereby release one another from any
and all claims, demands, liabilities, actions or causes of action, suits,
proceedings, indemnities, covenants, contracts, agreements, acts occurrences,
omissions, debts, duties, compensation, costs, expenses, attorneys' fees, liens,
sums of money, and damages or other obligations whatsoever, which any Releasing
Party has, has had, or might have in the future, whether known or unknown,
liquidated or unliquidated, contingent or non-contingent, suspected or
unsuspected, past or present, disclosed or undisclosed, directly or indirectly,
foreseeable or unforeseeable, in law, equity, or otherwise, whether based in
contract, tort, or any other theory of recovery, whether for compensatory,
punitive or other damages, which have arisen, or which might arise in the
future, including without limitation, arising out of, or related to, the
Agreement ("Released Claims").

                                      -2-
<PAGE>

4.3.     Each Releasing Party does hereby jointly and severally, fully and
forever, irrevocably remise, release, acquit, satisfy and forever discharge the
other Releasing Party, its parent and subsidiary corporations, shareholders,
directors, officers, employees, agents, servants, affiliates, successors and
assigns from each of the Released Claims.

4.3.     Each Releasing Party expressly agrees that it will not, directly or
indirectly, file or cause to be filed, either individually or in any
representative capacity, any claim now or forevermore against any Releasing
Party which claim could have been filed against any Releasing Party as of the
date of the execution hereof. It is the specific intent and purpose of this
Article 4 to be a full, final and complete, remise, release, discharge,
compromise, settlement, accord and satisfaction of any and all claims or causes
of action of any kind or nature whatsoever, whether known or unknown, and
whether specifically mentioned or not, which may exist or might be claimed to
exist from the beginning of time to the date hereof. Each Releasing Party does
hereby specifically waive any claim or right to assert that any cause of action
or alleged cause of action or claim or demand which has, through oversight or
error or intentionally or unintentionally, been included from this Release. Each
Releasing Party acknowledges and agrees that they each are prohibited hereunder
from asserting a Released Claim against any Releasing Party.

                                    ARTICLE 5
                              PUBLIC COMMUNICATIONS

        Seller and Buyer shall agree as to the form and substance of the initial
public disclosure of the termination of the Agreement, PROVIDED, THAT nothing in
this Article 5 shall be deemed to prohibit any Party from making any disclosure
which its counsel deems necessary or advisable in order to satisfy such Party's
disclosure obligations imposed by Law.

        The Parties hereby agree and covenant that they shall refrain from
making any statement disparaging each other. Without limiting the generality of
the foregoing, the Parties will refrain from making negative references to any
other Party's services or skills, regulatory condition, practices, policies,
officers, shareholders, employees and agents, or take any other action that may
disparage any other Party or any Party's organization, affiliates, subsidiaries,
directors, officers, employee or agents, any Party's good name, any actions
taken by any Party, or the reputation of any Party, to any member of the public,
to any employee, agent or contractor of any Party, to any representative of the
news media, to any representative of an entity or regulatory body, or to any
representative of or employee of any government, whether state or federal. The
Parties specifically agree and covenant to refrain from publishing false,
deceptive, or disparaging communications to anyone regarding the other Party.

                                      -3-
<PAGE>

                                    ARTICLE 6
                                  MISCELLANEOUS

6.1      Any defined terms not explicitly defined herein shall have the meaning
set forth in the Agreement.

6.2      Any singular term in this Agreement shall be deemed to include the
plural, and any plural term the singular. Whenever the words "include,"
"includes" or "including" are used in this Agreement, they shall be deemed
followed by the words "without limitation", and such terms shall not be limited
by enumeration or example.

6.3      Each of the Parties shall bear and pay all direct costs and expenses
incurred by it or on its behalf in connection with the transactions contemplated
hereunder.

6.4      Except as otherwise expressly provided herein, this Agreement
constitutes the entire agreement between the Parties with respect to the
transactions contemplated hereunder and supersedes all prior arrangements or
understandings with respect thereto, written or oral. Nothing in this Agreement
expressed or implied, is intended to confer upon any Person, other than the
Parties or their respective successors, any rights, remedies, obligations, or
liabilities under or by reason of this Agreement.

6.5      To the extent permitted by Law, this Agreement only may be amended by a
subsequent writing signed by each of the Parties.

6.6      All notices or other communications which are required or permitted
hereunder shall be in writing and sufficient if delivered by hand, by facsimile
transmission, by registered or certified mail, postage pre-paid, or by courier
or overnight carrier, to the persons at the addresses set forth below (or at
such other address as may be provided hereunder), and shall be deemed to have
been delivered as of the date so delivered or refused:

             BUYER:                       EL BANCO FINANCIAL CORPORATION
                                          623 Holcomb Bridge Road
                                          Roswell, Georgia 30076
                                          Facsimile Number: (678) 3521514
                                          Attention:  Drew W. Edwards

                                      -4-
<PAGE>

            Copy to Counsel:             Nelson Mullins Riley & Scarborough LLP
                                          Poinsett Plaza, Suite 900
                                          104 South Main Street
                                          Greenville, SC 29601
                                          Facsimile Number:  (864) 250-2356
                                          Attention:  Neil E. Grayson

             SELLER:                      NBOG BANCORPORATION, INC.
                                          807 Dorsey Street
                                          Gainesville, Georgia 30501
                                          Facsimile Number: (678) 450-9764
                                          Attention: Bryan Hendrix

             Copy to Counsel:             Powell Goldstein LLP
                                          One Atlantic Center - Fourteenth Floor
                                          1201 West Peachtree Street, NW
                                          Atlanta, GA 30309-3488
                                          Facsimile Number: (404) 572-6999
                                          Attention: Kathryn L. Knudson and
                                          Robert D. Klingler

6.7       Regardless of any conflict of law or choice of law principles that
might otherwise apply, the Parties agree that this Agreement shall be governed
by and construed in all respects in accordance with the laws of the State of
Georgia. The Parties all expressly agree and acknowledge that the State of
Georgia has a reasonable relationship to the Parties and/or this Agreement. Each
Party hereto hereby irrevocably waives, to the fullest extent permitted by Law,
(a) any objection that it may now or hereafter have to laying venue of any suit,
action or proceeding brought in such court, (b) any claim that any suit, action
or proceeding brought in such court has been brought in an inconvenient forum,
and (c) any defense that it may now or hereafter have based on lack of personal
jurisdiction in such forum.

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

                                      -5-
<PAGE>

6.9      The captions contained in this Agreement are for reference purposes
only and are not part of this Agreement. Unless otherwise indicated, all
references to particular Articles or Sections shall mean and refer to the
referenced Articles and Sections of this Agreement.

6.10     Neither this Agreement nor any uncertainty or ambiguity herein shall be
construed or resolved against any Party, whether under any rule of construction
or otherwise. No Party to this Agreement shall be considered the draftsman. The
Parties acknowledge and agree that this Agreement has been reviewed, negotiated,
and accepted by all Parties and their attorneys and shall be construed and
interpreted according to the ordinary meaning of the words used so as fairly to
accomplish the purposes and intentions of all Parties hereto.

6.11     Any term or provision of this Agreement which is invalid or
unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective
to the extent of such invalidity or unenforceability without rendering invalid
or unenforceable the remaining terms and provisions of this Agreement or
affecting the validity or enforceability of any of the terms or provisions of
this Agreement in any other jurisdiction. If any provision of this Agreement is
so broad as to be unenforceable, the provision shall be interpreted to be only
so broad as is enforceable.

                        [SIGNATURES APPEAR ON NEXT PAGE]

                                      -6-
<PAGE>

     IN WITNESS WHEREOF, each of the Parties has caused this Termination
Agreement to be executed on its behalf by its duly authorized officers as of the
day and year first above written.

                                   EL BANCO FINANCIAL CORPORATION
                                   (BUYER)

                                   By:  Luz Lopez Urrutia
                                      ------------------------------------------

                                   NBOG BANCORPORATION, INC.
                                   (SELLER)

                                   By: W. Bryan Hendrix
                                      ------------------------------------------

                                      -7-

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