Document:

Exhibit
        4.1 

       

      
        	
                NUMBER

              	
                 

              	
                 

              	
                 

              	
                SHARES

              
	
                ***

              	
                 

              	
                 

              	
                 

              	
                ***

              

      

      

      Organized
        Under the Laws of the State of Michigan

      

      Birmingham
        Bloomfield Bancshares 

      

      Voting
        Common Stock 

       

      Authorized
        60,000                        No
        Par Value 

      

      This
        Certifies
        that                        is
        the registered holder
        of                        shares
        of the fully paid and nonassessable Common Stock of Birmingham Bloomfield
        Bancshares transferable only on the books of the Corporation by the holder
        hereof in person or by Attorney upon surrender of this Certificate properly
        endorsed. 

      

      In
        Witness Whereof, the said Corporation has caused this Certificate to be signed
        by its duly authorized officers and its Corporate Seal to be hereunto affixed
        this        day of
                                A.D.            

      
        	 	
                 

              	 
	
                President

              	
                 

              	
                Secretary

              

      

      

      [SEAL]
        

      

      The
        following abbreviations, when used in the inscription on the face of this
        certificate, shall be construed as though they were written out in full
        according to applicable laws or regulations.

       

      
        	
                TEN
                  COM

              	
                 

              	
                —

              	
                 

              	
                as
                  tenants in common

              	
                 

              	
                UNIF
                  GIFT MIN ACT—

              	
                 

              	
                Custodian

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

              	
                 

                
                  

                

                (Cust)

              	
                 

              	
                 

                
                  

                

                 (Minor)

              
	
                TEN
                  ENT

              	
                 

              	
                —

              	
                 

              	
                as
                  tenants by the entireties

              	
                 

              	
                 

              	
                under
                  Uniform Gifts to Minors

              
	
                 

                JT
                  TEN

              	
                 

                 

              	
                 

                —

              	
                 

                 

              	
                 

                as
                  joint tenants with right of survivorship and not as tenants in
                  common

              	
                 

                 

              	
                 

                 

              	
                 

                Act

              	
                 

                
                  

                   (State)

              

      

      

              Additional
        abbreviations may also be used though not in the above list. 

      

      For
        value
        received,                        hereby
        sell, assign and transfer unto [PLEASE INSERT SOCIAL SECURITY OR OTHER
        IDENTIFYING NUMBER OF ASSIGNEE] 

       

      
        
          

        

      

      

      (PLEASE
        PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

      
        

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      shares
        represented by the within Certificate, and do hereby irrevocably constitute
        and
        appoint Attorney to transfer the said shares on the books of the within-named
        Corporation with full power of substitution in the premises.

       

      
        	
                Dated,

              	
                 

              	
                 

              	
                 

              	
                 

              
	
                 

              	
                 

              	 	
                 

              	
                 

              
	
                 

              	
                 

              	
                 

              	
                 

              	 
	
                In
                  presence ofORGANIZER
        WARRANT AGREEMENT

      

      This
        Warrant Agreement (“Agreement”) is executed as of this ____ day of _______,
        200__ by Birmingham Bloomfield Bancshares, a Michigan corporation (“Company”),
        in favor of the organizers listed on Exhibit
        A
        (each,
        an “Initial Holder”), in accordance with the terms and subject to the conditions
        set forth in this Agreement.

      

      WHEREAS,
        the organizers of the Company have undertaken substantial financial risk
        in
        connection with the organization of the Company through direct cash advances
        made to the Company and guaranties made by these members on behalf of and
        for
        the benefit of the Company; and

      

      WHEREAS,
        in recognition of their efforts in organizing the Company and the financial
        risks undertaken, the Company desires to grant to each organizer warrants
        to
        purchase shares of common stock of the Company (each, a “Warrant” and,
        collectively, the “Warrants”) in the amounts set forth herein. 

      

      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, no par value 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 Cashier, or any assistant secretary or assistant
        cashier.

      

      3. Term
        of Warrants.
        

      

      (a) The
        term
        for the exercise of the Warrants shall begin at 9:00 a.m., Birmingham, Michigan
        time on the date that Bank of Birmingham (“Bank”) opens for business (the “Issue
        Date”). The term for the exercise of the Warrants shall expire at 2:00 p.m.,
        Birmingham, Michigan time on the earlier to occur of (i) the tenth 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 Bank 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 Bank, the Bank or any of their respective officers or
        directors with respect to the forfeiture. In addition, the Bank shall not
        be
        liable to any Holder due to the failure or inability of the Bank 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 $10.00, 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 or cashier
        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.

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

         

      

      (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.

      

      (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.)

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

         

      

      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.

      

      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 its principal place of business; 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.

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

         

      

      (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.

      

      (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 MICHIGAN 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 OAKLAND COUNTY, MICHIGAN.

      

      
        
           

        

        
          5

          
            

          

        

        
           

        

         

      

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

      

      
        	 	
                BIRMINGHAM
                  BLOOMFIELD BANCSHARES

                

                

                

                By:                                                                            

                

                Name:                                                                       

                

                Title:                                                                         

              

      

         

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      

      EXHIBIT
        A

      

      LIST
        OF INITIAL HOLDERS

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      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
        ______________, 200__, BY BIRMINGHAM BLOOMFIELD BANCSHARES, A MICHIGAN
        CORPORATION (“COMPANY”), IN FAVOR OF THE ORGANIZERS 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:

                

        

      

                 

      BIRMINGHAM
        BLOOMFIELD BANCSHARES

      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, no par value of
        the
        Company (“Shares”) set forth above, at the exercise price, subject to adjustment
        in certain events (“Exercise Price”), of $10.00 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., Birmingham, Michigan time,
        on
        the
        earlier to occur of (i) the tenth anniversary of the date that Bank of
        Birmingham 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 or the cashier 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 its principal
        place of business (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 ________________, 200__.

       

      
        	 	
                BIRMINGHAM
                  BLOOMFIELD BANCSHARES,

                a
                  Michigan corporation

                

                By:
                                                                                                
                  

                

                Name:                                                                          

                

                Title:
                   
                                                                                            

              

      

       

      [SEAL] 

      

      Attest:

                                                                              
        

      Name:                                                             
        

      Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]