Document:

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                                                                     EXHIBIT 4.2

NEITHER THIS WARRANT NOR THE SECURITIES INTO WHICH THIS WARRANT IS EXERCISABLE
HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS THEREUNDER AND IN
COMPLIANCE WITH APPLICABLE STATE SECURITIES OR BLUE SKY LAWS.

                       EMPIRE FINANCIAL HOLDING COMPANY

                                    WARRANT

Warrant No.  WSI-01              Dated:   ________, 2000

     Empire Financial Holding Company, a corporation organized and existing
under the laws of the State of Florida (the "Company"), hereby certifies that,
for value received, WACHOVIA SECURITIES, INC., IJL Financial Center, 201 N.
Tryon Street, Charlotte, NC  28202, or its registered assigns ("Holder"), is
entitled, subject to the terms set forth below, to purchase from the Company up
to a total of 175,050 shares of Common Stock, par value $[  ] per share
              =======
(the "Common Stock"), of the Company (each such share, a "Warrant Share" and all
such shares, the "Warrant Shares") at an exercise price equal to $[   ] per
share (as adjusted from time to time as provided in Section 8, the "Exercise
Price"), beginning at the date as specified in Section 3(a) and to and including
____________, 2005 (the "Expiration Date") subject to the following terms and
conditions:

     1.  Registration of Warrant.  The Company shall register this Warrant, upon
         -----------------------
records to be maintained by the Company for that purpose (the "Warrant
Register"), in the name of the record Holder hereof from time to time.  The
Company may deem and treat the registered Holder of this Warrant as the absolute
owner hereof for the purpose of any exercise hereof or any distribution to the
Holder, and for all other purposes, and the Company shall not be affected by
notice to the contrary.

     2.   Registration of Transfers and Exchanges.
          ---------------------------------------

          (a) The Company shall register a permitted transfer of any portion of
this Warrant in the Warrant Register, upon surrender of this Warrant, with the
Form of Assignment attached hereto duly completed and signed, to the Company at
the office specified in or pursuant to Section 3(b). Upon any such registration
or transfer, a new warrant to purchase Common Stock, in substantially the form
of this Warrant (any such new warrant, a "New Warrant"), evidencing the portion
of this Warrant so transferred shall be issued to the transferee and a New
Warrant evidencing the remaining portion of this Warrant not so transferred, if
any, shall be issued to the transferring Holder. The acceptance of the New
Warrant by the transferee thereof
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shall be deemed the acceptance of such transferee of all of the rights and
obligations of a holder of a Warrant.

               (b) This Warrant is exchangeable, upon the surrender hereof by
the Holder to the office of the Company specified in or pursuant to Section 3(b)
for one or more New Warrants, evidencing in the aggregate the right to purchase
the number of Warrant Shares which may then be purchased hereunder. Any such New
Warrant will be dated the date of such exchange.

          3.   Exercise Event and Subsequent Duration Of Warrant, Cash or Net
               --------------------------------------------------------------
Exercise of Warrant and Redemption.
----------------------------------

               (a) This Warrant shall be exercisable by the registered Holder on
any business day before 5:00 P.M., New York time, at any time and from time to
time on a date beginning one year after the date ("Effective Date") on which the
Company closes on a firmly underwritten sale of shares of its Common Stock to
the public under an effective registration statement on Form S-1 or its
successor form (the "Initial Public Offering"), and ending on and including the
Expiration Date. At 5:00 P.M., New York time on the Expiration Date, the portion
of this Warrant not exercised prior thereto shall be and become void and of no
value.

               (b) Cash Exercise. Subject to Sections 2(b), 6 and 11, upon
surrender of this Warrant, with the Form of Election to Exercise and Purchase
attached hereto duly completed and signed, to the Company at its office at 1385
West State Street Road 434, Longwood, Florida 32750, Attention: Chief Financial
Officer, or at such other address as the Company may specify in writing to the
then registered Holder, and upon payment of the Exercise Price multiplied by the
number of Warrant Shares that the Holder intends to purchase hereunder, in
lawful money of the United States of America, in cash or by certified or
official bank check or checks, all as specified by the Holder in the Form of
Election to Exercise and Purchase, the Company shall promptly (but in no event
later than two Trading Days after receipt by the Company of this Warrant and the
signed Election to Purchase) issue or cause to be issued and cause to be
delivered to or upon the written order of the Holder and in such name or names
as the Holder may designate, a certificate for the Warrant Shares issuable upon
such exercise. Any person so designated by the Holder to receive Warrant Shares
shall be deemed to have become holder of record of such Warrant Shares as of the
Date of Exercise of this Warrant.

               Net Exercise. Upon any exercise of this Warrant, the Holder may,
at its option, instruct the Company, by written notice accompanying the
surrender of this Warrant at the time of such exercise, to apply to the payment
required by paragraph 3(b) such number of shares of Common Stock otherwise
issuable to such holder upon such exercise on a net basis. Such net basis shall
be calculated by the formula of Fair Market Value less the Exercise Price
divided by the Fair Market Value times the number of Warrant Shares so
exercised. The difference between the Warrant Shares and the Net Issue Shares
shall be deemed to have been paid to the Company and the number of shares
issuable upon such exercise shall be the Net Issue Shares. In such calculations,
rounding, if necessary, shall be in accordance with the methodology in 8(f)
herein. Upon such a net exercise, the Company shall promptly (but in no event
later than two Trading

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Days after receipt by the Company of this Warrant and the signed Election to
Purchase with such notice of Net Exercise) issue or cause to be issued and cause
to be delivered to or upon the written order of the Holder and in such name or
names as the Holder may designate, a certificate for the Warrant Shares issuable
upon such exercise. Any person so designated by the Holder to receive Warrant
Shares shall be deemed to have become holder of record of such Warrant Shares as
of the Date of Exercise of this Warrant.

               A "Date of Exercise" means the date on which the Company shall
have received (i) this Warrant (or any New Warrant, as applicable), with the
Form of Election to Exercise and Purchase attached hereto (or attached to such
New Warrant) appropriately completed and duly signed, and (ii) if exercised for
cash, payment of the Exercise Price for the number of Warrant Shares so
indicated by the holder hereof to be purchased.

               A "Trading Day" means (a) a day on which the Common Stock is
traded on the Nasdaq National or Small Cap Markets or other stock exchange or
market on which the Common Stock has been listed, or (b) if the Common Stock is
not listed on the Nasdaq National or Small Cap Markets or any stock exchange or
market, a day on which the Common Stock if traded on the over-the-counter
market, as reported by the OTC Bulletin Board, or (c) if the Common Stock is not
quoted on the OTC Bulletin Board, a day on which the Common Stock is quoted in
the over-the-counter market as reported by the National Quotation Bureau (or any
similar organization or agency succeeding its functions of reporting prices);
provided, however, that in the event that the Company's Common Stock is not
listed or quoted as set forth in (a), (b) and (c) above, Trading Day shall mean
any day except Saturday, Sunday and any day which shall be a legal holiday or a
day on which banking institutions in the State of Florida generally are
authorized or required by law or other government actions to close.

               (c) This Warrant shall be exercisable, either in its entirety or,
in accordance with the terms herein and from time to time thereafter, for a
portion of the number of Warrant Shares. If less than all of the Warrant Shares
which may be purchased under this Warrant are exercised at any time, the Company
shall issue or cause to be issued, at its expense, a New Warrant evidencing the
right to purchase the remaining number of Warrant Shares for which no exercise
has been evidenced by this Warrant.

          4.   Registration Rights
               -------------------

               (a)  Piggyback Registration. During the period beginning on the
                    ----------------------
Effective Date and ending seven years thereafter, the Company may not file any
registration statement with the Securities and Exchange Commission (the "SEC")
(other than registration statements of the Company filed on Form S-8 or Form S-
4, or successor forms, each as promulgated under the Securities Act of 1933, as
amended (the "Act"), pursuant to which the Company is registering securities
pursuant to a Company employee benefit plan or pursuant to a merger, acquisition
or similar transaction including supplements thereto, but not additionally filed
registration statements in respect of such securities) at any time when there is
not an effective registration statement covering the resale of the Warrant
Shares and naming the Holder as a selling stockholder thereunder, unless the
Company provides the Holder with not less than 20 days

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notice to the Holder, notice of its intention to file such registration
statement and provides the Holder the option to include any or all of the
applicable Warrant Shares therein. The piggyback registration rights granted to
the Holder pursuant to this Section shall continue until all of the Holder's
Warrant Shares have been sold in accordance with an effective registration
statement or upon the expiration of this Warrant. The Company will pay all
registration expenses in connection therewith.

               (b)  Demand Registration. At any time commencing one year after
                    -------------------
the Effective Date, and expiring four years thereafter, the Holder shall have
the additional right, exercisable by written notice to the Company, to have the
Company prepare and file with the SEC, on one occasion, at the Company's
expense, a registration statement and/or such other documents, including a
prospectus, and/or any other appropriate disclosure document as may be
reasonably necessary in the opinion of both counsel for the Company and counsel
for the Holder, in order to comply with the provisions of the Act, so as to
permit a public offering and sale of its Warrant Shares for nine consecutive
months (or such longer period of time as permitted by the Act) by such Holder
and any other Holders of any of the Warrant Shares who notify the Company within
20 days after receipt of notice from the Company of such request. A demand under
this Section 4(b) (a "Demand Registration") shall not be counted as a Demand
Registration hereunder until such Demand Registration has been declared
effective by the SEC and maintained continuously effective for a period of at
least nine months or such shorter period when all Warrant Shares included
therein have been sold in accordance with such Demand Registration.

               (c)  Additional Rights. In addition to the registration rights
                    -----------------
under Sections 4(a) and (b), at any time commencing one year after the Effective
Date, and expiring four years thereafter, the Holder shall have the right,
exercisable by written request to the Company, to have the Company prepare and
file, on one occasion, with the SEC a registration statement or any other
appropriate disclosure document so as to permit a public offering and sale for
nine consecutive months (or such longer period of time as permitted by the Act)
by any such Holder; provided, however, that the provisions of Section 4(b)
hereof shall not apply to any such registration request and registration and all
costs incident thereto shall be at the expense of the Holder.

               (d)  Request for Registration. Any written request by the Holder
                    ------------------------
made pursuant to Section 4(b) shall:

                    (i)   specify the number of Warrant Shares which the Holder
               intends to offer and sell and the minimum price at which the
               Holder intends to offer and sell such securities;

                    (ii)  state the intention of the Holder to offer such
               securities for sale;

                    (iii) describe the intended method of distribution of such
               securities; and

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                    (iv)  contain an undertaking on the part of the Holder to
               provide all such information and materials concerning the Holder
               and take all such action as may be reasonably required to permit
               the Company to comply with all applicable requirements of the SEC
               and to obtain acceleration of the effective date of the
               registration statement.

          5.   Payment of Taxes. The Company will pay all documentary stamp
               ----------------
taxes attributable to the issuance of Warrant Shares upon the exercise of this
Warrant; provided, however, that the Company shall not be required to pay any
tax which may be payable in respect of any transfer involved in the registration
of any certificates for Warrant Shares or Warrants in a name other than that of
the Holder, and the Company shall not be required to issue or cause to be issued
or deliver or cause to be delivered the certificates for Warrant Shares unless
or until the person or persons requesting the issuance thereof shall have paid
to the Company the amount of such tax or shall have established to the
satisfaction of the Company that such tax has been paid. The Holder shall be
responsible for all other tax liability that may arise as a result of holding or
transferring this Warrant or receiving Warrant Shares upon exercise hereof.

          6.   Replacement of Warrant. If this Warrant is mutilated, lost,
               ----------------------
stolen or destroyed, the Company shall issue or cause to be issued in exchange
and substitution for and upon cancellation hereof, or in lieu of and
substitution for this Warrant, a New Warrant, but only upon receipt of evidence
reasonably satisfactory to the Company of such loss, theft or destruction and
indemnity, if reasonably satisfactory to it. Applicants for a New Warrant under
such circumstances shall also comply with such other reasonable regulations and
procedures and pay such other reasonable charges as the Company may prescribe.

          7.   Reservation of Warrant Shares. The Company covenants that it will
               -----------------------------
at all times reserve and keep available out of the aggregate of its authorized
but unissued Common Stock, solely for the purpose of enabling it to issue
Warrant Shares upon exercise of this Warrant as herein provided, the number of
Warrant Shares which are then issuable and deliverable upon the exercise of this
entire Warrant, free from preemptive rights or any other actual contingent
purchase rights of persons other than the Holders (taking into account the
adjustments and restrictions of Section 8). The Company covenants that all
Warrant Shares that shall be so issuable and deliverable shall, upon issuance
and the payment of the applicable Exercise Price in accordance with the terms
hereof, be duly and validly authorized, issued and fully paid and nonassessable.

          8.   Certain Adjustments. The Exercise Price and number of Warrant
               -------------------
Shares issuable upon exercise of this Warrant are subject to adjustment from
time to time as set forth in this Section 8. Upon each such adjustment of the
Exercise Price pursuant to this Section 8, the Holder shall thereafter prior to
the Expiration Date be entitled to purchase, at the Exercise Price resulting
from such adjustment, the number of Warrant Shares obtained by multiplying the
Exercise Price in effect immediately prior to such adjustment by the number of
Warrant Shares issuable upon exercise of this Warrant immediately prior to such
adjustment and dividing the product thereof by the Exercise Price resulting from
such adjustment.

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          (a)  If the Company, at any time while this Warrant is outstanding,
(i) shall pay a stock dividend or otherwise make a distribution or distributions
on shares of its Common Stock (as defined below) or on any other class of
capital stock (and not the Common Stock) payable in shares of Common Stock, (ii)
subdivide outstanding shares of Common Stock into a larger number of shares, or
(iii) combine outstanding shares of Common Stock into a smaller number of
shares, the Exercise Price shall be multiplied by a fraction of which the
numerator shall be the number of shares of Common Stock (excluding treasury
shares, if any) outstanding before such event and of which the denominator shall
be the number of shares of Common Stock (excluding treasury shares, if any)
outstanding after such event. Any adjustment made pursuant to this Section shall
become effective immediately after the record date for the determination of
stockholders entitled to receive such dividend or distribution and shall become
effective immediately after the effective date in the case of a subdivision or
combination, and shall apply to successive subdivisions and combinations.

          (b)  In case of any reclassification of the Common Stock, any
consolidation or merger of the Company with or into another person, the sale or
transfer of all or substantially all of the assets of the Company in which the
consideration therefor is equity or equity equivalent securities or any
compulsory share exchange pursuant to which the Common Stock is converted into
other securities or property, then the Holder shall have the right thereafter to
exercise this Warrant only into the shares of stock and other securities and
property receivable upon or deemed to be held by holders of Common Stock
following such reclassification, consolidation, merger, sale, transfer or share
exchange, and the Holder shall be entitled upon such event to receive such
amount of securities or property equal to the amount of Warrant Shares such
Holder would have been entitled to had such Holder exercised this Warrant
immediately prior to such reclassification, consolidation, merger, sale,
transfer or share exchange. The terms of any such consolidation, merger, sale,
transfer or share exchange shall include such terms so as to continue to give to
the Holder the right to receive the securities or property set forth in this
Section 8(b) upon any exercise following any such reclassification,
consolidation, merger, sale, transfer or share exchange.

          (c)  If the Company, at any time while this Warrant is outstanding,
shall distribute to all holders of Common Stock (and not to holders of this
Warrant) evidences of its indebtedness or assets or rights or warrants to
subscribe for or purchase any security (excluding those referred to in Sections
8(a), (b) and (d)), then in each such case the Exercise Price shall be
determined by multiplying the Exercise Price in effect immediately prior to the
record date fixed for determination of stockholders entitled to receive such
distribution by a fraction of which the denominator shall be the Exercise Price
determined as of the record date mentioned above, and of which the numerator
shall be such Exercise Price on such record date less the then fair market value
at such record date of the portion of such assets or evidence of indebtedness so
distributed applicable to one outstanding share of Common Stock as determined by
a nationally recognized or major regional investment banking firm or firm of
independent certified public accountants of recognized standing (which may be
the firm that regularly examines the financial statements of the Company) (an
"Appraiser") mutually selected in good faith by the holders of a majority in
interest of the Warrants then outstanding and the Company. Any determination
made by the Appraiser shall be final.

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          (d)    If, at any time while this Warrant is outstanding, the Company
shall issue or cause to be issued rights or warrants to acquire or otherwise
sell or distribute shares of Common Stock for a consideration per share less
than the Exercise Price then in effect, then, forthwith upon such issue or sale,
the Exercise Price shall be reduced to the price (rounded up to the nearest full
cent) determined by dividing (i) an amount equal to the sum of (A) the number of
shares of Common Stock outstanding immediately prior to such issue or sale
multiplied by the Exercise Price, and (B) the consideration, if any, received or
receivable by the Company upon such issue or sale by (ii) the total number of
shares of Common Stock outstanding immediately after such issue or sale.

          (e)    For the purposes of this Section 8, the following clauses shall
also be applicable:

          (i)    Record Date. In case the Company shall take a record of the
     holders of its Common Stock for the purpose of entitling them (A) to
     receive a dividend or other distribution payable in Common Stock or in
     securities convertible or exchangeable into shares of Common Stock, or (B)
     to subscribe for or purchase Common Stock or securities convertible or
     exchangeable into shares of Common Stock, then such record date shall be
     deemed to be the date of the issue or sale of the shares of Common Stock
     deemed to have been issued or sold upon the declaration of such dividend or
     the making of such other distribution or the date of the granting of such
     right of subscription or purchase, as the case may be.

          (ii)   Treasury Shares. The number of shares of Common Stock
     outstanding at any given time shall not include shares owned or held by or
     for the account of the Company, and the disposition of any such shares
     shall be considered an issue or sale of Common Stock.

          (f)    All calculations under this Section 8 shall be rounded up to
the nearest cent or the nearest whole share, as the case may be.

          (g)    If:

          (i)    the Company shall declare a dividend (or any other
     distribution) on its Common Stock; or

          (ii)   the Company shall declare a special nonrecurring cash dividend
     on or a redemption of its Common Stock; or

          (iii)  the Company shall authorize the granting to all holders of the
     Common Stock rights or warrants to subscribe for or purchase any shares of
     capital stock of any class or of any rights; or

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          (iv)   the approval of any stockholders of the Company shall be
     required in connection with any reclassification of the Common Stock of the
     Company, any consolidation or merger to which the Company is a party, any
     sale or transfer of all or substantially all of the assets of the Company,
     or any compulsory share exchange whereby the Common Stock is converted into
     other securities, cash or property; or

          (v)    the Company shall authorize the voluntary dissolution,
     liquidation or winding up of the affairs of the Company,

then the Company shall cause to be mailed to each Holder at their last addresses
as they shall appear upon the Warrant Register, at least 10 Trading Days prior
to the applicable record or effective date hereinafter specified, a notice
stating (x) the date on which a record is to be taken for the purpose of such
dividend, distribution, redemption, rights or warrants, or if a record is not to
be taken, the date as of which the holders of Common Stock of record to be
entitled to such dividend, distributions, redemption, rights or warrants are to
be determined or (y) the date on which such reclassification, consolidation,
merger, sale, transfer or share exchange is expected to become effective or
close, and the date as of which it is expected that holders of Common Stock of
record shall be entitled to exchange their shares of Common Stock for
securities, cash or other property deliverable upon such reclassification,
consolidation, merger, sale, transfer, share exchange, dissolution, liquidation
or winding up; provided, however, that the failure to mail such notice or any
defect therein or in the mailing thereof shall not affect the validity of the
corporate action required to be specified in such notice.

     9.   Payment of Exercise Price.  The Holder shall pay the Exercise Price in
          -------------------------
cash, in immediately available funds in the case of a Cash Exercise (see 3(b))
and shall pay the Exercise Price in foregone shares of fully-paid and non-
assessable shares of Common Stock in the case of a Net Exercise (see 3(b)).

     10.  Fractional Shares.  The Company shall not be required to issue or
          -----------------
cause to be issued fractional Warrant Shares on the exercise of this Warrant.
The number of full Warrant Shares which shall be issuable upon the exercise of
this Warrant shall be computed on the basis of the aggregate number of Warrant
Shares purchasable on exercise of this Warrant so presented.  If any fraction of
a Warrant Share would, except for the provisions of this Section 10, be issuable
on the exercise of this Warrant, the Company shall, at its option, (i) pay an
amount in cash equal to the Exercise Price multiplied by such fraction or (ii)
round the number of Warrant Shares issuable, up to the nearest whole number.

     11.  Notices.  Any and all notices or other communications or deliveries
          -------
hereunder shall be in writing and shall be deemed given and effective on the
earliest of (i) the date of transmission, if such notice or communication is
delivered via facsimile at the facsimile telephone number specified in this
Section prior to 5:00 p.m.  (New York time) on a Trading Day, (ii) the Trading
Day after the date of transmission, if such notice or communication is delivered
via facsimile at the facsimile telephone number specified in the Section later
than 5:00 p.m.  (New York time) on any date and earlier than 11:59 p.m.  (New
York time) on such date, (iii) upon receipt of mailing, if sent by nationally
recognized overnight courier service, or (iv)

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upon actual receipt by the party to whom such notice is required to be given.
The addresses for such communications shall be: (1) if to the Company, to: 1385
West State Street Road 434, Longwood, Florida 32750, Attention: Chief Financial
Officer, or to facsimile no. [  ] or (ii) if to the Holder, to the Holder at the
address or facsimile number appearing on the Warrant Register or such other
address or facsimile number as the Holder may provide to the Company in
accordance with this Section 11.

     12.  Warrant Agent.
          -------------

          (a)  The Company shall serve as warrant agent under this Warrant. Upon
thirty (30) days' notice to the Holder, the Company may appoint a new warrant
agent.

          (b) Any corporation into which the Company or any new warrant agent
may be merged or any corporation resulting from any consolidation to which the
Company or any new warrant agent shall be a party or any corporation to which
the Company or any new warrant agent transfers substantially all of its
corporate trust or shareholders services business can, at the Company's
election, be a successor warrant agent under this Warrant without any further
act. Any such successor warrant agent shall promptly cause notice of its
succession as warrant agent to be mailed (by first class mail, postage prepaid)
to the Holder at the Holder's last address as shown on the Warrant Register.

     13.  Miscellaneous.
          -------------

          (a)  This Warrant shall be binding on and inure to the benefit of the
parties hereto and their respective successors and permitted assigns.  This
Warrant may be amended only in writing signed by the Company and the Holder.

          (b)  Subject to Section 13(a), above, nothing in this Warrant shall be
construed to give to any person or corporation other than the Company and the
Holder any legal or equitable right, remedy or cause under this Warrant; this
Warrant shall be for the sole and exclusive benefit of the Company and the
Holder.

          (c)  This Warrant shall be governed by and construed and enforced in
accordance with the internal laws of the State of North Carolina without regard
to the principles of conflicts of law thereof.

          (d)  The headings herein are for convenience only, do not constitute a
part of this Warrant and shall not be deemed to limit or affect any of the
provisions hereof.

          (e)  In case any one or more of the provisions of this Warrant shall
be invalid or unenforceable in any respect, the validity and enforceability of
the remaining terms and provisions of this Warrant shall not in any way be
affected or impaired thereby and the parties will attempt in good faith to agree
upon a valid and enforceable provision which shall be a commercially reasonable
substitute therefor, and upon so agreeing, shall incorporate such substitute
provision in this Warrant.

                                       9
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     IN WITNESS WHEREOF, the Company has caused this Warrant to be duly executed
by its authorized officer as of the date first indicated above.

                              EMPIRE FINANCIAL HOLDING COMPANY

                              By: __________________________
                              Name: ________________________
                              Title: _______________________

                                       10
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                   FORM OF ELECTION TO EXERCISE AND PURCHASE

(To be executed by the Holder to exercise the right to purchase shares of Common
Stock under the foregoing Warrant)

To [     ]:

     In accordance with the Warrant enclosed with this Form of Election to
Exercise and Purchase, the undersigned hereby irrevocably elects to purchase
_____________ shares of Common Stock ("Common Stock"), par value $[   ] per
share, of [   ] and encloses herewith $________ in cash or certified or official
bank check or checks, which sum represents the aggregate Exercise Price (as
defined in the Warrant) for the number of shares of Common Stock to which this
Form of Election to Exercise and Purchase relates, together with any applicable
taxes payable by the undersigned pursuant to the Warrant.

     The undersigned requests that certificates for the shares of Common Stock
issuable upon this exercise be issued in the name of

     PLEASE INSERT SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER

     (Please print name and address)

     If the number of shares of Common Stock issuable upon this exercise shall
not be all of the shares of Common Stock which the undersigned is entitled to
purchase in accordance with the enclosed Warrant, the undersigned requests that
a New Warrant (as defined in the Warrant) evidencing the right to purchase the
shares of Common Stock not issuable pursuant to the exercise evidenced hereby be
issued in the name of and delivered to:

     (Please print name and address)

Dated:              , _______.  Name of Holder:

     (Print)

     (By:)   (Name:)   (Title:) (Signature must conform in all respects to name
of holder as specified on the face of the Warrant)

     [To be completed and signed only upon transfer of Warrant]

                                       11
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     FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto ________________________________ the right represented by the within
Warrant to purchase ____________ shares of Common Stock of [   ] to which the
within Warrant relates and appoints ________________ attorney to transfer said
right on the books of [   ] with full power of substitution in the premises.

Dated:  ___________________, ____

        ---------------------------------------
     (Signature must conform in all respects to name of holder as specified on
the face of the Warrant)

        ---------------------------------------       Address of Transferee

        ---------------------------------------

        ---------------------------------------

In the presence of:

--------------------------

                                       12<PAGE>

                                                                    EXHIBIT 10.4

                              EMPLOYMENT AGREEMENT
                              --------------------

     THIS EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into on
August 17, 2000, effective as of the Offering Date (hereinafter defined), by and
between Empire Financial Holding Company, a Delaware corporation (the
"Company"), and Donald A. Wojnowski Jr. (the "Executive").

                                    Recitals
                                    --------

     A.   The Executive is currently employed as an executive of the Company.

     B.   The Executive possesses intimate knowledge of the business and affairs
of the Company, its policies, methods and personnel.

     C.   The Company is currently contemplating an initial public offering of
shares of its common stock (the "Offering").

     D.   In contemplation of the Offering, the Board of Directors of the
Company (the "Board") recognizes and desires to assure the Company of the
Executive's continued employment in an executive capacity and to compensate the
Executive therefor.

     E.   The Executive is willing to make his services available to the
Company, on the terms and conditions hereinafter set forth.

                                   Agreement
                                   ---------

     NOW, THEREFORE, in consideration of the premises and mutual covenants set
forth herein, the parties agree as follows:

     1.   Employment.
          ----------

          1.1  Employment and Term.  The Company hereby agrees to employ the
               -------------------
Executive and the Executive hereby agrees to serve the Company, on the terms and
conditions set forth herein, for the period commencing on the effective date of
the Offering (the "Offering Date") and expiring on December 31, 2004 unless
sooner terminated as hereinafter set forth.  The term of this Agreement shall
automatically continue after December 31, 2004, until either the Company or the
Executive provides the other party with at least 90 days prior written notice
that the Agreement shall terminate effective on a date no earlier than December
31, 2004.

          1.2  Duties of Executive.  The Executive shall serve as Vice President
               -------------------
Business Development of the Company.  During the term of Employment, the
Executive shall diligently perform all services as may be reasonably assigned to
the Executive by the Co-Chief Executive
<PAGE>

Officers of the Company consistent with his position, and shall exercise such
power and authority as may from time to time be delegated to the Executive by
the Co-Chief Executive Officers of the Company. The Executive will not execute
any material contracts or agreements on behalf of the Company without the
express written permission of both Co-Chief Executive Officers of the Company.
The Executive shall be required to report solely to, and shall be subject solely
to the supervision and direction of the Co-Chief Executive Officers of the
Company. In addition, the Executive shall regularly consult with and provide
information to the Co-Chief Executive Officers of the Company. The Executive
shall devote substantially all of the Executive's working time and attention to
the business and affairs of the Company (excluding any vacation and sick leave
to which the Executive is entitled), render such services to the best of the
Executive's ability, and use the Executive's reasonable best efforts to promote
the interests of the Company. It shall not be a violation of this Agreement,
after written notice to and approval of the Co-Chief Executive Officers of the
Company, for the Executive to (a) serve on civic or charitable boards or
committees, (b) deliver lectures, fulfill speaking engagements or teach at
seminars, (c) manage personal investments and (d) provide brokerage services to
certain customers of the Executive that are mutually agreed upon by the
Executive and the Company and held at the Company, so long as none of the
foregoing activities interfere with the performance of the Executive's
responsibilities as an employee of the Company in accordance with this
Agreement.

          1.3  Place of Performance.  In connection with his employment by the
               --------------------
Company, the Executive shall be based at the Company's principal executive
offices, except for travel reasonably necessary in connection with the Company's
business.

     2.   Compensation.
          ------------

          2.1  Draw.  Commencing on the date of this Agreement, the Executive
               ----
shall receive a draw at the annual rate of $150,000 (the "Draw") during the term
of this Agreement, with such Draw payable in installments consistent with the
Company's normal payroll schedule, subject to applicable withholding and other
taxes. The Draw shall not be refundable to the Company.

          2.2  Incentive Compensation.  The Executive shall also be entitled to
               ----------------------
receive such other bonus payments or performance compensation, as shall be
determined from time to time by the Co-Chief Executive Officers of the Company,
in their sole discretion.  Such potential additional bonus payments and/or
performance compensation shall be reduced by an amount not to exceed the then
current monthly Draw payable to the Executive.

          2.3  Stock Options. Simultaneously with the consummation of the
               -------------
Offering, the Executive shall be granted an option pursuant to the Company's
2000 Stock Option Plan to purchase 100,000 authorized but unissued shares of the
Company's Common Stock, $0.01 par value (the "First Option"), at a purchase
price equal to the initial public offering price in the Offering.  The First
Option shall vest immediately on the date of grant.  The First Option will
expire ten years from the date the hereof.

                                       2
<PAGE>

     Simultaneously with the consummation of the Offering, the Executive shall
be granted a second option pursuant to the Company's 2000 Stock Option Plan to
purchase an additional 100,000 authorized but unissued shares of the Company's
Common Stock, $0.01 par value (the "Second Option"), at a purchase price equal
to the initial public offering price in the Offering.  The Second Option shall
vest immediately on the date of grant, but the Executive shall only  have the
right to sell or transfer on a cumulative basis up to 20,000 shares per year
received from the exercise of the Second Option commencing on the first
anniversary of the grant of the Second Option.  The Second Option will expire
ten years from the date the hereof.

     3.   Expense Reimbursement and Other Benefits.
          ----------------------------------------

          3.1  Expense Reimbursement.  During the term of the Executive's
               ---------------------
employment hereunder, the Company, upon the submission of reasonable supporting
documentation by the Executive, shall reimburse the Executive for all reasonable
expenses actually paid or incurred by the Executive in the course of and
pursuant to the business of the Company, including expenses for travel and
entertainment.

          3.2  Incentive, Savings and Retirement Plans.  During the term of this
               ---------------------------------------
Agreement, the Executive shall be entitled to participate in all incentive,
savings and retirement plans, practices, policies and programs applicable to
other key executives of the Company and its subsidiaries as may be in effect
from time to time.

          3.3  Healthcare Benefit Plans.  During the term of this Agreement, the
               ------------------------
Executive shall be eligible for participation in and shall receive all benefits
under healthcare benefit plans, practices, policies and programs provided by the
Company and its subsidiaries that may be in effect from time to time (including,
without limitation, medical, prescription, dental, disability, salary
continuance, employee life, group life, accidental death and travel accident
insurance plans and programs), on terms comparable to the terms offered to other
executives of the Company.

          3.4  Working Facilities.  During the term of the Executive's
               ------------------
employment hereunder, the Company shall furnish the Executive with an office,
secretarial support and such other facilities and services suitable to his
position and adequate for the performance of the Executive's duties hereunder as
reasonably determined by the Company.

          3.5  Vacation.  During the term of this Agreement, the Executive shall
               --------
be entitled to paid vacation in accordance with the most favorable plans,
policies, programs and practices of the Company and its subsidiaries as in
effect at any time hereafter with respect to other key executives of the Company
and its subsidiaries; provided, however, that in no event shall the Executive be
                      --------  -------
entitled to less than two weeks paid vacation per year.

     4.   Termination.
          -----------

          4.1  Termination for Cause. Notwithstanding anything contained to the
               ---------------------
contrary in this Agreement, this Agreement may be terminated by the Company for
Cause.  As used in this Agreement, "Cause" shall only mean (i)  the willful and
material failure or refusal of the

                                       3
<PAGE>

Executive to perform the duties or render the services assigned under this
Agreement (except during reasonable vacation periods or sick leave) or other
material breach of this Agreement, which is not remedied within ten business
days after receipt of written notice from the Company, (ii) the indictment of
the Executive for any criminal act which is a felony, or (iii) a material breach
of the Executive's representation in Section 15, which is not remedied within
ten business days after receipt of written notice from the Board. The
determination of Cause for purposes of this Agreement shall only be made by the
majority vote of the Board (excluding the Executive). Upon any termination
pursuant to this Section, the Executive shall be entitled to be paid his Base
Salary to the date of termination and the Company shall have no further
liability hereunder (other than for reimbursement for reasonable business
expenses incurred prior to the date of termination).

          4.2  Disability.  Notwithstanding anything contained in this Agreement
               ----------
to the contrary, the Company, by written notice to the Executive, shall at all
times have the right to terminate this Agreement, and the Executive's employment
hereunder, if the Executive shall, as the result of mental or physical
incapacity, illness or disability, fail to perform his duties and
responsibilities provided for herein for a period of more than 90 days in any
12-month period.  Upon any termination pursuant to this Section, the Executive
shall be entitled to be paid his Base Salary to the date of termination and the
Company shall have no further liability hereunder (other than for reimbursement
for reasonable business expenses incurred prior to the date of termination).

          4.3  Death.  In the event of the death of the Executive during the
               -----
term of his employment hereunder, the Company shall pay to the estate of the
deceased Executive an amount equal his Base Salary to the date of death and the
Company shall have no further liability hereunder (other than for reimbursement
for reasonable business expenses incurred prior to the date of termination).

          4.4  Termination Without Cause.  The Company may terminate the
               -------------------------
Executive's employment under this Agreement without Cause upon giving the
Executive 90 days prior written notice of such termination.  Upon termination
without Cause, the Executive shall be entitled to receive his then current Base
Salary for the then remaining term of this Agreement

          4.5  Termination by Executive for Good Reason or by Resignation.
               ----------------------------------------------------------

          (i)  The Executive shall have the right to terminate his employment
under this Agreement at any time upon at least 90 days prior written notice to
the Company for Good Reason. For purposes of this Agreement, "Good Reason" means
(i) a material breach of the Company's obligations under this Agreement, which
is not remedied within ten business days after receipt of written notice from
the Executive, or (ii) any termination by the Executive (other than a
termination for Cause) during the three-month period following the effective
date of any "Change in Control." Upon termination for Good Reason, the Executive
shall be entitled to receive his then current Base Salary for the then remaining
term of this Agreement

          (ii) The Executive shall have the right to terminate his employment
under this Agreement by resignation at any time upon at least 90 days prior
written notice to the Company.

                                       4
<PAGE>

Upon such termination by resignation, the Executive shall be entitled to be paid
his Base Salary to the date of termination and the Company shall have no further
liability hereunder (other than for reimbursement for reasonable business
expenses incurred prior to the date of termination). Except as specifically set
forth in this Section, the Executive shall not have any additional liability or
obligation hereunder by reason of such termination.

     5.   Change in Control.  For purposes of this Agreement, a "Change in
          -----------------
Control" shall mean any of the following events:

          (a)  Without the prior approval of the Incumbent Board (hereinafter
defined), the acquisition (other than by or from the Company), at any time after
the date hereof, by any person, entity or "group," within the meaning of Section
13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the "Exchange
Act"), of beneficial ownership (within the meaning of Rule 13d-3 promulgated
under the Exchange Act) of 30% or more of either the then outstanding shares of
common stock or the combined voting power of the Company's then outstanding
voting securities entitled to vote generally in the election of directors;

          (b)  The individuals who constitute the Board as of the Offering Date
(the "Incumbent Board") cease for any reason to constitute at least a majority
of the Board, provided that any person becoming a director subsequent to the
Offering Date whose election, or nomination for election by the Company's
stockholders, was approved by a vote of at least a majority of the directors
then comprising the Incumbent Board (other than an election or nomination of an
individual whose initial assumption of office is in connection with an actual or
threatened election contest relating to the election of the directors of the
Company, as such terms are used in Rule 14a-11 of Regulation 14A promulgated
under the Exchange Act) shall be, for purposes of this Agreement, considered as
though such person were a member of the Incumbent Board;

          (c)  Without the prior approval of the Incumbent Board, approval by
the stockholders of the Company of (A) a reorganization, merger or consolidation
with respect to which persons who were the stockholders of the Company
immediately prior to such reorganization, merger or consolidation do not,
immediately thereafter, own more than 51% of the combined voting power entitled
to vote generally in the election of directors of the reorganized, merged or
consolidated company's then outstanding voting securities, (B) a liquidation or
dissolution of the Company, or (C) the sale of all or substantially all of the
assets of the Company, unless the approved reorganization, merger,
consolidation, liquidation, dissolution or sale is subsequently abandoned.

     6.   Restrictive Covenants.
          ---------------------

          6.1  Confidentiality and Rights to Inventions.
               ----------------------------------------

               (a)  Confidential Information. The Executive hereby acknowledges
                    ------------------------
that the Executive will or may be making use of, acquiring and adding to
confidential information of a special and unique nature and value affecting and
relating to the Company and its operations, including, but not limited to, its
business, the identities of its customers and

                                       5
<PAGE>

suppliers, its data base information, prices paid by the Company for inventory,
its business practices, marketing strategies, expansion plans, contracts,
business records and other records, trade secrets, inventions, techniques, know-
how and technologies, whether or not patentable, and other similar information
relating to the Company (all the foregoing regardless of whether same was known
to the Executive prior to the date hereof is hereinafter referred to
collectively as "Confidential Information"). The Executive further recognizes
and acknowledges that all Confidential Information is the exclusive property of
the Company, is material and confidential, and greatly affects the legitimate
business interests, goodwill and effective and successful conduct of the
Company's business. Accordingly, the Executive hereby covenants and agrees that
he will use the Confidential Information only for the benefit of the Company and
shall not at any time, directly or indirectly, either during the Term of this
Agreement or afterward, divulge, reveal or communicate any Confidential
Information to any person, firm, corporation or entity whatsoever, or use any
Confidential Information for the Executive's own benefit or for the benefit of
others.

          (b)  Rights to Inventions, Patents and Copyrights. The Executive shall
               --------------------------------------------
promptly disclose in writing to the Company: all ideas, inventions, discoveries,
devices, machines, apparatus, methods, compositions, know-how, works, processes
and improvements to any thereof, whether or not patentable or copyrightable,
that the Executive may conceive, make, develop, invent, reduce-to-practice,
author or discover, whether solely or jointly or commonly with others, during
the Executive's employment with the Company, or within one calendar year
following the termination of the Executive's employment with the Company, which
relate to the business of the Company at the time of termination (the items
specified in this section are hereinafter collectively referred to as
"Inventions").  All Inventions are the sole and exclusive property of the
Company.  The Executive shall promptly assign, transfer and set over unto the
Company, its successors and assigns, all of his rights, title and interest in
and to all Inventions, all applications for letters patent or copyrights,
foreign and domestic, which have or may be filed on such Inventions, all
copyrights, all letters patent of the United States and its territorial
possessions and all letters patent of foreign countries which may be granted
therefor, and all reexaminations and reissues of said letters patent, including
the subject matter of any and all claims which may be obtained in every such
domestic and foreign patent, the same to be held and enjoyed by the Company for
its own and exclusive use and advantage, and for the exclusive use and advantage
of its successors, assigns and other legal representatives, to the full end of
the term or terms for which said copyrights and letters patent of the United
States, territories and foreign countries are or may be granted, reexamined or
reissued, as fully and entirely as the same would have been held and enjoyed by
the Executive if the assignment had not been made.  The Executive further
covenants and agrees that the Executive will, during and subsequent to the term
of this Agreement, without demanding any other consideration therefor, at any
time, upon request, execute, or cause to be executed, and deliver any and all
papers that may be necessary or desirable to perfect the title to any Invention
and to such letters patent and copyrights as may be granted therefor, in the
Company, its successors, assigns or other legal representatives, and that if the
Company, its successors, assigns, or other legal representatives shall desire to
file any subsequent or derivative application, or to secure a reissue or
reexamination of such letters patent, or to file a disclaimer relating thereto,
the Executive will upon request, sign, or cause to

                                       6
<PAGE>

be signed, all papers, make or cause to be made all rightful oaths, and do all
lawful acts requisite for such action.

          The Executive does further covenant and agree, that he will, at any
time during and subsequent to the term of this Agreement hereof, upon request,
communicate to the Company, its successors, assigns, or other legal
representatives, such facts relating to the Inventions, letters patent and
copyrights or to the history thereof, as may be known to him, and testify, at
the Company's expense, as to the same in any interference or other litigation or
proceeding in which the Executive is not a party and does not have an interest,
when requested to do so.

          6.2  Nonsolicitation of Employees.  While employed by the Company and
               ----------------------------
for a period of three years thereafter, the Executive shall not directly or
indirectly, for himself or for any other person, firm, corporation, partnership,
association or other entity, attempt to employ or enter into any contractual
arrangement with any employee or former employee of the Company, unless such
employee or former employee has not been employed by the Company for a period in
excess of six months.

          6.3  Non-Competition.  While employed by the Company and for a period
               ---------------
of three years thereafter, the Executive shall not, directly or indirectly,
whether as principal, agent, shareholder (except as set forth below) or in any
other capacity, whether or not compensation is received, engage or participate
in any activity for, be employed by, assist or have an equity interest in (other
than as a passive investor of no more than five percent with no involvement in
the management or conduct of the affairs of business of such entity) any
business or other entity which is or plans to enter into the securities
brokerage business in the State of Florida or to engage in the securities
brokerage business with customers using the Internet. The Executive acknowledges
that the provisions of this Section 6.3 are reasonably necessary for the
purposes of protecting the Company's and its subsidiaries' legitimate business
interests and goodwill. It is accordingly the intention of the parties that this
Section 6.3 be enforceable to the fullest extent permissible under applicable
law. The Executive agrees, however, that in the event any restriction or
limitation of this Section 6.3, or any portion thereof, shall be declared or
held to be invalid or unenforceable by a court of competent jurisdiction, then
such restriction or limitation shall be deemed amended to substitute or modify
it, as either or both may be necessary, to render it valid and enforceable.

          6.4  Equitable Relief.  It is recognized and hereby acknowledged by
               ----------------
the parties hereto that a breach by the Executive of any of the covenants
contained in this Article 6 will cause irreparable injury to the Company's and
its subsidiaries' legitimate business interests and goodwill and that such
injury would not be adequately compensated by monetary damages. Accordingly, the
Executive recognizes and hereby acknowledges that the Company and any of its
subsidiaries shall be entitled to specific performance of any of the provisions
of this Article 6 and an injunction from any court of competent jurisdiction
enjoining and restraining any violation of any or all of the covenants contained
in this Article 6 by the Executive or any of his affiliates, associates,
partners or agents, either directly or indirectly, and that such right to

                                       7
<PAGE>

injunction and specific performance shall be cumulative and in addition to
whatever other remedies the Company or its subsidiaries may possess.

          6.5  Books and Records.  All books, records, and accounts relating in
               -----------------
any manner to the customers or clients of the Company, whether prepared by the
Executive or otherwise coming into the Executive's possession, shall be the
exclusive property of the Company and shall be returned immediately to the
Company on termination of the Executive's employment hereunder or on the
Company's request at any time.

     7.   Governing Law; Venue.  This Agreement shall be governed by and
          --------------------
construed in accordance with the laws of the State of Florida without
application of any conflicts of laws principles, and any proceeding contemplated
by Section 6.4 or to enforce any arbitration award contemplated by Section 12
shall be heard in the state or federal courts located in Seminole County,
Florida.  The parties hereto hereby consent to personal jurisdiction in such
venue and waive any claim or argument that such venue is inconvenient or
improper.

     8.   Notices:  Any notice required or permitted to be given under this
          -------
Agreement shall be in writing and shall be deemed to have been given when
delivered by hand or three days after being deposited in the United States mail,
by registered or certified mail, return receipt requested, postage prepaid,
addressed as follows:

             If to the Company:    Empire Financial Holding Company
                                   1385 West State Road 434
                                   Longwood, Florida 32750
                                   Attention: Board of Directors

                                   With a copy to:
                                   --------------

                                   Mr. Phillip J. Kushner
                                   Greenberg Traurig, P.A.
                                   1221 Brickell Avenue
                                   Miami, Florida 33131

             If to the Executive:  Donald A. Wojnowski Jr.
                                   505 N. Orlando Avenue, Suite 307
                                   Cocoa Beach, FL 32931

or to such other addresses as either party hereto may from time to time give
notice of to the other in the aforesaid manner.

     9.   Successors.
          ----------

                                       8
<PAGE>

          (a)  This Agreement is personal to the Executive and without the prior
written consent of the Company shall not be assignable by the Executive other
than the transfers of benefits hereunder by will or the laws of descent and
distribution.

          (b)  This Agreement shall inure to the benefit of, be enforceable by
and be binding upon the Company's successors and assigns.

          (c)  The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to expressly
assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place.

     10.  Severability.  The invalidity of any one or more of the words,
          ------------
phrases, sentences, clauses or sections contained in this Agreement shall not
affect the enforceability of the remaining portions of this Agreement or any
part thereof, all of which are inserted conditionally on their being valid in
law, and, in the event that any one or more of the words, phrases, sentences,
clauses or sections contained in this Agreement shall be declared invalid, this
Agreement shall be construed as if such invalid word or words, phrase or
phrases, sentence or sentences, clause or clauses, or section or sections had
not been inserted.  If such invalidity is caused by length of time or size of
area, or both, the otherwise invalid provision will be considered to be reduced
to a period or area, which would cure such invalidity.

     11.  Waivers.  The waiver by either party hereto of a breach or violation
          -------
of any term or provision of this Agreement shall not operate nor be construed as
a waiver of any subsequent breach or violation.

     12.  Arbitration.  Except as set forth in Section 6.4, any controversy
          -----------
between the parties regarding this Agreement and any claims arising out of this
Agreement or its breach shall be required to be submitted to binding
arbitration.  Either party shall have the right to commence arbitration
proceedings.  The arbitration proceedings shall be conducted, by a panel of
three  arbitrators, pursuant to the Commercial Arbitration Rules of the National
Association of Securities Dealers (NASD).  The arbitration shall be conducted in
Seminole County, Florida and the arbitrator shall have the right to award actual
damages and attorney fees and costs, but shall not have the right to award
punitive, special, exemplary or consequential damages against any party. The
parties shall hold any award resulting from such proceeding or settlement in
connection therewith in strict confidence, unless the disclosure of such award
or settlement is required by law.

     13.  Damages.  Nothing contained herein shall be construed to prevent the
          -------
Company or the Executive from seeking and recovering from the other damages
sustained by either or both of them as a result of its or his breach of any term
or provision of this Agreement.

     14.  No Third Party Beneficiary.  Nothing expressed or implied in this
          --------------------------
Agreement is intended, or shall be construed, to confer upon or give any person
(other than the parties hereto

                                       9
<PAGE>

and, in the case of Executive, his heirs, personal representative(s) and/or
legal representative) any rights or remedies under or by reason of this
Agreement.

     15.  Conflicts With Other Agreements.  The Executive represents to the
          -------------------------------
Company that the Executive's execution and performance of this Agreement does
not violate the provisions of any employment, non-competition or other agreement
to which the Executive is a party or by which the Executive is bound.

     16.  Indemnification.  The Company agrees to promptly execute and deliver
          ---------------
to the Executive an Indemnification Agreement in substantially the same form as
utilized for the Chairman of the Board, it being agreed that the Company will
use its best efforts to ensure that such agreement will provide for mandatory
indemnification and advancement of expenses to the fullest extent permitted by
law.

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first above written.

                                   COMPANY:

                                   EMPIRE FINANCIAL HOLDING COMPANY

                                       /s/ Richard L. Goble
                                   By:-------------------------------
                                      Richard L. Goble
Witnessed by:                         Co-Chairman of the Board

/s/ Angela [illegible]
----------------------
                                       /s/ Kevin M. Gagne
                                   By:-------------------------------
                                      Kevin M. Gagne
                                      Co-Chairman of the Board

                                   EXECUTIVE:

                                    /s/ Donald A. Wojnowski Jr.
                                   ----------------------------------
                                   Donald A. Wojnowski Jr.

                                       10

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