Document:

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                                   EXHIBIT 4.5

     THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
     AMENDED (THE "ACT") OR APPLICABLE STATE SECURITIES LAWS (THE "STATE ACTS")
     AND MAY NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED, ASSIGNED OR OTHERWISE
     TRANSFERRED (WHETHER OR NOT FOR CONSIDERATION), IN WHOLE OR IN PART, BY THE
     HOLDER, WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND
     APPLICABLE STATE ACTS OR THE ISSUANCE TO THE COMPANY OF AN OPINION OF
     COUNSEL SATISFACTORY TO COUNSEL TO THE COMPANY AND/OR SUBMISSION TO THE
     COMPANY OF SUCH EVIDENCE AS MAY BE SATISFACTORY TO COUNSEL TO THE COMPANY,
     IN EACH SUCH CASE, TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN
     VIOLATION OF THE ACT AND APPLICABLE STATE ACTS.

     THE SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN
     REGISTERED UNDER THE ACT OR APPLICABLE STATE ACTS AND THIS WARRANT MAY NOT
     BE EXERCISED AND THE COMMON STOCK ISSUABLE UPON THE EXERCISE HEREOF MAY NOT
     BE SOLD, PLEDGED, HYPOTHECATED, DONATED, ASSIGNED OR OTHERWISE TRANSFERRED
     (WHETHER OR NOT FOR CONSIDERATION), IN WHOLE OR IN PART, BY THE HOLDER,
     WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE
     STATE ACTS OR THE ISSUANCE TO THE COMPANY OF AN OPINION OF COUNSEL
     SATISFACTORY TO COUNSEL TO THE COMPANY AND/OR SUBMISSION TO THE COMPANY OF
     SUCH EVIDENCE AS MAY BE SATISFACTORY TO COUNSEL TO THE COMPANY, IN EACH
     SUCH CASE, TO THE EFFECT THAT ANY SUCH EXERCISE OR TRANSFER SHALL NOT BE IN
     VIOLATION OF THE ACT AND APPLICABLE STATE ACTS.

                                 WARRANT NO. E-

                       TO PURCHASE _______________ SHARES
                                 OF COMMON STOCK
                                       OF
                               AMERICASBANK CORP.
                            (a Maryland Corporation)

                        Transferable and Exercisable Only
                        Upon Conditions Herein Specified

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                 Exercisable after June 30, 2004
                 Void after 5:00 p.m. EDT, on September 1, 2008

     AMERICASBANK CORP., a Maryland corporation (the "Company"), hereby
certifies that ___________________________________________________________, such
holder's heirs, personal representatives, successors and/or assigns, registered
on the books of the Company maintained for such purposes as the registered
holder hereof (the "Holder"), is entitled to purchase from the Company the
number of fully paid and non-assessable shares of Common Stock of the Company
stated above, par value $0.01 per share (the "Shares"), at the purchase price of
$3.20 per Share (the "Exercise Price") (the number of Shares and Exercise Price
being subject to adjustment as hereinafter provided), upon the terms and
conditions herein provided.

1.   EXERCISE OF WARRANTS; CASHLESS EXERCISE.

     a.   Subject to the provisions of subsection (d) of this Section 1 and
Section 5 hereof, this Warrant may be exercised in whole or in part by
presentation and surrender of this Warrant, with the attached Purchase Form duly
executed, at the office of the Company at 500 York Road, Towson, Maryland 21204,
or at such other place as the Company may designate by notice to the Holder
hereof, together with (i) a check payable to the order of the Company in the
amount of the Exercise Price times the number of Shares being purchased (the
"Aggregate Exercise Price") or (ii) the surrender to the Company of shares of
the Company's Common Stock having an aggregate Market Price (as hereinafter
defined) on the date of such exercise equal to the Aggregate Exercise Price. In
case of exercise hereof in part only, the Company, upon surrender hereof, will
deliver to the Holder a new Warrant of like tenor entitling the Holder to
purchase the number of Shares as to which this Warrant has not been exercised.

     b.   In addition to and without limiting the rights of the Holder under the
terms hereof, but subject to the provisions of subsection (d) of this Section 1
and Section 5 hereof, this Warrant may be exercised in whole or in part by being
exchanged for a number of Shares having an aggregate Market Price on the date of
such exercise equal to the difference between (i) the aggregate Market Price of
the number of shares of Common Stock subject to the Warrant designated by the
Holder on the date of exercise and (ii) the aggregate Exercise Price otherwise
payable by the holder for such designated shares. Upon any such exercise, the
number of Shares purchasable upon exercise of this Warrant shall be reduced by
such designated number of shares and, if a balance of Shares remains after such
exercise, the Company shall execute and deliver to the holder a new Warrant for
such balance. No payment of any cash or other consideration shall be required or
permitted. Such exchange shall be effective upon the date of receipt by the
Company of this Warrant surrendered for cancellation and a written request from
the holder (the "Exchange Notice") that the exchange pursuant to this Section
1(b) be made, or at such later date as may be specified in the Exchange Notice.

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     c.   Upon receipt by the Company of this Warrant and the Purchase Form,
together with proper payment of the Aggregate Exercise Price at the Company's
office, or upon receipt by the Company of this Warrant and the Exchange Notice
(or such later date as may be specified in the Exchange Notice), the Company
shall deliver to the Holder hereof, as promptly as practicable, a certificate
representing the Shares being purchased.

     d.   This Warrant may be exercised in whole or in part at any time after
June 30, 2004, and shall be void after 5:00 p.m. EDT, on September 1, 2008.

     e.   For purposes of this Section 1, the term "Market Price" of the Common
Stock means the average of the closing prices of such security's sales on all
securities exchanges or automated quotation system on which such security may at
the time be listed or included, or, if there has been no sales on any such
exchange or reported on such quotation system on any day, the average of the
highest bid and lowest asked prices on all such exchanges or reported at the end
of such day, or, if on any day such security is not so listed or included in any
such quotation system, the average of the highest bid and lowest asked prices on
such day in the domestic over-the-counter market as reported by the National
Quotation Bureau, Incorporated, or any similar successor organization, in each
such case averaged over a period of 10 trading days ending on the trading day
immediately prior to the day as of which the Market Price is being determined;
provided however, that if the security is not then publicly traded, the Market
Price shall be equal to the fair market value of the Common Stock on the date in
question as determined by the Company's Board of Directors in its sole and
reasonable discretion.

2.   RIGHTS AND OBLIGATIONS OF WARRANT HOLDER. No Holder of this Warrant shall
be entitled to any of the rights of a shareholder of the Company, including, but
not limited to, to the extent applicable, the right to vote, give or withhold
consent to any action by the Company, receive dividends, subscription rights, or
otherwise, nor shall anything contained in this Warrant be construed to confer
upon the Holder of this Warrant, as such, any of the rights of a shareholder of
the Company; provided, however, that upon exercise of this Warrant, such Holder
shall, for all purposes, be deemed to have become the holder of record of such
Shares on the date on which this Warrant, together with a duly executed Purchase
Form, was surrendered and payment of the Exercise Price was made, or on the date
of receipt by the Company of this Warrant and the Exchange Notice (or such later
date as may be specified in the Exchange Notice), irrespective of the date of
delivery of any Share certificate. The rights of the Holder of this Warrant are
limited to those expressed herein and the Holder of this Warrant, by its
acceptance hereof, consents to and agrees to be bound by and to comply with all
the provisions of this Warrant, including, without limitation, all the
obligations imposed upon the Holder hereof by Section 4 hereof. In addition, the
Holder of this Warrant, by accepting the same, agrees that the Company may deem
and treat the person in whose name this Warrant is registered on the books of
the Company maintained for such purpose as the absolute, true and lawful owner
for all purposes whatsoever, notwithstanding any notation of ownership or other
writing thereon, and the Company shall not be affected by any notice to the
contrary.

3.   SHARES UNDERLYING WARRANTS. The Company covenants and agrees that all
Shares delivered upon the exercise of this Warrant shall, upon delivery and
payment therefor, be

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duly and validly authorized and issued, fully-paid and non-assessable, and free
from all taxes, liens and charges with respect to the purchase thereof.

4.   RESTRICTIONS ON WARRANT

     (a)  For purposes of this Section 4, the following terms shall be defined
          as follows:

          (i) "Family Member" means (i) each Holder; (ii) any descendant (by
birth or adoption) of a Holder (each, an "Approved Descendant"); (iii) any
lineal ancestor or descendant of any Approved Descendant; (iv) the siblings of
any individual described in (i) through (iii); (v) the spouse of any individual
described in (i) through (iv); (vi) a custodian for any individual described in
(i) through (v) under a state's Uniform Transfer to Minors Act or Uniform Gifts
to Minors Act, as the case may be; (vii) trusts for the exclusive benefit of any
individual described in (i) through (v); or (viii) a limited liability company
or partnership all of the members of which are individuals described in (i)
through (vi) or trusts described in (vii).

          (ii) "Person" means and includes an individual, corporation,
partnership, association, limited liability company, trust, estate or other
entity.

          (iii) "Transfer" means any voluntary or involuntary act by which a
Holder makes, or attempts or purports to make, or suffers to occur, any gift,
sale, mortgage, pledge, assignment, hypothecation, encumbrance or other
disposition of any Warrants, or interest therein, owned by him. The term
"Transfer" includes any Transfer which takes place upon the death of a Holder,
whether by last will and testament, operation of law or otherwise, and also
includes any purported Transfer, assignment, sale or other disposition by
operation of law, as a result of the appointment of a trustee in bankruptcy for
any Holder, under any judgment or order, as the result of the appointment of a
receiver for any Holder, or as a result of any assignment for the benefit of
creditors.

     (b)  The Holder of this Warrant, by his acceptance hereof, hereby
represents, warrants and agrees that he will not Transfer any Warrants owned by
him, nor will he permit or suffer any such Transfer to be effected by operation
or law, by judicial process or otherwise, other than in accordance with the
terms and conditions of this Section 4. The Holder of this Warrant, by his
acceptance hereof, acknowledges and agrees that he may own Warrants subject to
these restrictions at the time of his death, and it is his express intent that
his personal representative(s), distributees, heirs and legatees shall be bound
by the provisions of these restrictions in Section 4 with respect to any such
Warrants he may own at the time of his death.

     (c)  Notwithstanding the provisions of Sections 4(d) through (g), but
subject to the provisions of Section 5, a Holder may Transfer Warrants (i) to
any Person with the prior written consent of the Company or (ii) to any Family
Member, provided, however, that, in each such case, the transferee has executed
and delivered an instrument reasonably satisfactory to counsel to the Company
pursuant to which the transferee agrees to be bound by all of the provisions of
this Warrant and/or this Warrant is returned to the Company and a new Warrant of
like tenor is delivered to the transferee.

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     (d)  In the event that any Holder (the "Selling Holder") shall receive a
bona fide offer acceptable to him for the purchase of all or any part of his
Warrants from any third party (the "Bona Fide Offeree") (whether as a result of
the solicitation of the Bona Fide Offeree by the Selling Holder or the
solicitation of the Selling Holder by the Bona Fide Offeree), the Selling Holder
shall give written notice (the "Notice") of the bona fide offer to the Company,
stating the identity of, and other relevant information about, the Person making
the bona fide offer, the purchase price and all other terms and conditions of
the proposed Transfer, which Notice shall be deemed to be an offer to sell to
the Company the Warrants owned by the Selling Holder that is the subject of such
bona fide offer, at the purchase price and upon all of the same terms and
conditions as are described in the Notice (other than the terms related to the
closing date of such a purchase).

     (e)  The Company shall have the right, exercisable within fifteen (15) days
after the date of the Notice by sending written notice of acceptance to the
Selling Holder, to purchase all, but not less than all, of the Warrants being
offered by the Selling Holder. In the event the Company elects to purchase all
of the Warrants being offered by the Selling Holder, said written acceptance
shall establish a date, within thirty (30) days of its date (unless a later date
is established in the Notice, in which case such later date shall govern), for
the closing of the purchase and sale of the Selling Holder's Warrants.

     (f)  In the event that the Company does not elect, within the time and in
the manner prescribed in Section 4(e), to purchase all of the Warrants being
offered by the Selling Holder, then the Selling Holder, subject to the
provisions of Section 5, shall be free to Transfer all, and not less than all,
of the Warrants offered by the Selling Holder to the Bona Fide Offeree
identified in the Notice upon substantially the same terms and conditions stated
in the Notice. Should that sale not close within ninety (90) days after the date
of the Notice, then the Selling Holder thereafter shall not Transfer said
Warrants without again complying with the provisions of this Section 4.

     (g)  Closing under Section 4(e) shall be held at the principal office of
the Company.  At closing,  the selling  Holder shall  deliver to the Company all
Warrants  being  purchased  and  sold,  properly  endorsed  for  transfer,  with
signatures  guaranteed in such manner as counsel for the Company  reasonably may
require.  The selling Holder shall take all actions as may be required to assure
that the  Warrants  being  Transferred  to the Company are free and clear of all
liens and encumbrances of any nature.

     (h)  The Holder agrees to take whatever action or actions are deemed by
counsel to the Company to be reasonably necessary or desirable from time to time
to effectuate the provisions and intent of this Section 4, and, to that end, the
Holder agrees that he will execute any further paper or papers which may be
necessary to give force and effect to this Section 4. The personal
representatives or other successors in interest of a Holder shall execute and
deliver any and all documents or legal instruments necessary to carry out the
provisions of this Section 4.

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     (i)  The Holders agree that a failure of the Holder to perform one or more
of the obligations set forth in this Section 4 may not be fully or adequately
compensable by the award and payment of monetary damages and he, therefore,
agrees and consents that he may be subject to a decree of specific performance,
injunction or any other applicable equitable, legal or other decree, order, writ
or remedy which shall require performance or restrain and enjoin any act of the
Holder. In addition, and not in limitation of the foregoing, any Transfer or
attempted Transfer of Warrants in violation of this Warrant or without full
compliance with the provisions of this Warrant shall be absolutely void and
without effect. The Holder expressly waives any agreement based on any statute,
rule or procedure that a party post a bond as a condition of obtaining any of
the remedies provided in this Section 4(i).

5.   RESTRICTIONS ON EXERCISE; DISPOSITION OF SHARES.

     The Holder of this Warrant, by its acceptance hereof, hereby represents and
warrants that such Holder understands and agrees that (a) the Warrant and the
Shares issuable upon the exercise of this Warrant have not been registered under
either the Securities Act of 1933, as amended (the "Act"), or applicable state
securities laws (the "State Acts"), and the Company has no obligation to
register the Warrant or such Shares; (b) the Warrant may be exercised only if
the Shares underlying the Warrant have been registered under the Act and the
applicable State Acts, or upon the issuance to the Company of an opinion of
counsel satisfactory to counsel to the Company and/or submission to the Company
of such evidence as may be satisfactory to counsel to the Company, in each such
case, to the effect that any such exercise shall not be in violation of the Act
and the applicable State Acts; (c) this Warrant may not be sold, pledged,
hypothecated, donated, assigned or otherwise transferred (whether or not for
consideration), in whole or in part, unless made in compliance with Section 4
hereof and unless the Warrant has been registered under the Act and the
applicable State Acts or upon the issuance to the Company of an opinion of
counsel satisfactory to counsel to the Company and/or submission to the Company
of such evidence as may be satisfactory to counsel to the Company, in each such
case, to the effect that any such transfer shall not be in violation of the Act
and the applicable State Acts; and (d) the Shares issuable upon the exercise of
this Warrant may not be sold, pledged, hypothecated, donated, assigned or
otherwise transferred (whether or not for consideration), in whole or in part,
unless the Warrant has been registered under the Act and the applicable State
Acts or upon the issuance to the Company of an opinion of counsel satisfactory
to counsel to the Company and/or submission to the Company of such evidence as
may be satisfactory to counsel to the Company, in each such case, to the effect
that any such transfer shall not be in violation of the Act and the applicable
State Acts. The Shares, the Warrants and the Warrant Shares are "restricted
securities" as that term is defined in Rule 144 under the Act. Rule 144 sections
(d) and (e) restrict, among other things, the time when the Shares, Warrants and
the Warrant Shares may be sold in addition to the amount that may be sold. Rule
144(h) also imposes a notice requirement for certain sales of restricted
securities. However, under Rule 144(k), securities purchased by non-affiliates
are freely transferable if held for at least two years. The Holder hereby agrees
that the Company=s obligation to deliver Shares upon exercise of this Warrant is
subject to the requirement that the Holder deliver to the Company, if requested
by the Company, such certificates, documents or other information as the Company
or its counsel may reasonably request for the purpose of establishing compliance
with the Act and applicable State Acts.

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6.   ADJUSTMENTS. The number of Shares purchasable upon the exercise of this
Warrant and the Exercise Price therefor is subject to adjustment from time to
time upon the occurrence of any of the events enumerated below.

     (a)  Effect of Stock Changes. In the event that at any time during the term
of this Warrant the Company shall (i) pay a dividend in shares of its Common
Stock, (ii) subdivide outstanding shares of its Common Stock into a greater
number of shares, or (iii) combine outstanding shares of its Common Stock into a
smaller number of shares, the amount of shares purchasable upon the exercise of
this Warrant immediately prior thereto shall be adjusted so that the Holder
shall be entitled to receive upon exercise of the Warrant that number of shares
of Common Stock which such Holder would have owned or would have been entitled
to receive after the happening of such event had such Holder exercised the
Warrant immediately prior to the record date, in the case of such dividend, or
the effective date, in the case of any such subdivision or combination and the
Exercise Price shall be proportionately adjusted. An adjustment made pursuant to
this subparagraph (a) shall be made whenever any of such events shall occur, but
shall become effective retroactively after such record date or such effective
date, as the case may be, if this Warrant is exercised between such record date
or effective date and the date of happening of any such event.

     (b)  Merger; Dissolution; Etc. In the event that at any time during the
term of this Warrant there shall be (i) any capital reorganization or
reclassification of the Common Stock of the Company, (ii) a consolidation or
merger of the Company with another entity (other than a merger with a subsidiary
in which the Company is the continuing corporation and which does not result in
any reclassification or change of the Shares issuable upon exercise of the
Warrant); (iii) a share exchange in which the Common Stock of the Company will
be acquired; or (iv) the sale or lease of all or substantially all of the assets
of the Company; then, as a condition of the reorganization, reclassification,
consolidation, merger, share exchange, sale or lease, lawful and fair provisions
shall be made whereby the Holder of this Warrant after the transaction shall
have the right to purchase and receive, upon the basis and upon the terms and
conditions specified in this Warrant and in lieu of the shares of Common Stock
of the Company purchasable and receivable immediately prior to the transaction
upon the exercise of the rights represented by this Warrant, the shares of
stock, securities or assets that may be issued or payable with respect to or in
exchange for a number of outstanding shares of Common Stock equal to the number
of shares of Common Stock purchasable and receivable immediately prior to the
transaction upon the exercise of the rights represented by the Warrant if the
reorganization, reclassification, consolidation, merger, share exchange, sale or
lease had not taken place. Appropriate provisions shall be made in connection
with a reorganization, reclassification, consolidation, merger, share exchange,
sale or lease with respect to the rights and interests of the Holder of this
Warrant to the end that the provisions of this Warrant (including, without
limitation, provisions for adjustments of the Exercise Price and of the number
of Shares purchasable upon exercise of the Warrant) shall immediately after the
transaction be applicable as nearly as possible to any shares of stock,
securities or assets deliverable immediately after the transaction upon the
exercise of the Warrant. The Company shall not effect any consolidation, merger,
share exchange, sale or lease unless, prior to the consummation of the
transaction, the successor entity (if other than the Company)

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resulting from the consolidation or merger, the entity acquiring the shares of
Common Stock in the share exchange, or the entity purchasing or leasing the
assets, assumes by written instrument executed and delivered to the Company, the
obligation to deliver to the Holder of this Warrant the shares of stock,
securities or assets in accordance with the foregoing provisions that the Holder
may be entitled to purchase.

     (c)  Notice of Change in Warrant. Whenever the number of Shares purchasable
hereunder or the Exercise Price therefor is adjusted as herein provided, the
Company shall cause to be mailed to the Holder a notice (i) stating that the
number of Shares purchasable upon exercise of this Warrant and/or the Exercise
Price has been adjusted; (ii) setting forth the adjusted number of Shares
purchasable and/or the adjusted Exercise Price upon the exercise of this
Warrant; and (iii) showing in reasonable detail the computations and the facts
upon which such adjustments are based. The Company's board of directors, acting
in good faith, shall determine the calculation.

     (d)  Other Notices. In case at any time (i) the Company pays any dividends
payable in stock upon its Common Stock or makes any distributions (other than
regular cash dividends) to the holders of its Common Stock; (ii) the Company
offers for subscription pro rata to the holders of its Common Stock any
additional shares of stock of any class or any other rights; (iii) there is a
capital reorganization or reclassification of the Common Stock of the Company,
or a consolidation or merger of the Company with, or a share exchange in which
the Common Stock of the Company is being acquired by, or a sale or lease of all
or substantially all of its assets to, another entity; or (iv) there is a
voluntary or involuntary dissolution, liquidation or winding up of the Company;
then, in any one or more of these cases, the Company shall cause to be mailed to
the Holder of this Warrant notice of the date on which (i) the books of the
Company close or a record is taken for the dividend, distribution or
subscription rights, or (ii) the reorganization, reclassification,
consolidation, merger, share exchange, sale, lease, dissolution, liquidation, or
winding up shall take place. The notice also shall specify the date as of which
the holders of the Common Stock of record shall participate in dividend,
distribution or subscription rights, or shall be entitled to exchange their
Common Stock for securities or other property deliverable upon the
reorganization, reclassification, consolidation, merger, share exchange, sale,
lease, dissolution, liquidation, or winding up. The notice shall be given at
least twenty (20) days prior to the closing of the transaction in question and
not less than twenty (20) days prior to the record date or the date on which the
Company's transfer books are closed with respect to the transaction. Failure to
give the notice, or any defect in the notice, shall not affect the legality or
validity of any transaction covered or to be covered in the notice. On the date
of the dissolution, liquidation or winding up of the Company, if it actually
occurs, this Warrant and all rights existing under this Warrant shall terminate.

     (e)  Form of Warrant. Irrespective of any adjustment or change in the
number or class of shares purchasable under this Warrant or in the Exercise
Price per Share, this Warrant may continue to express the Exercise Price and the
number and class of Shares purchasable upon exercise of this Warrant as the
Exercise Price and the number and class of Shares purchasable were expressed in
this Warrant when it was initially issued.

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7.   FRACTIONAL SHARES. The Company shall not be required to issue any fraction
of a Share upon the exercise of this Warrant. In lieu of issuing a fraction of a
Share remaining after exercise of this Warrant as to the full shares covered
hereby, the Corporation shall make a cash payment for any fraction of a Share
equal to the same fraction of the Exercise Price.

8.   LOSS OR DESTRUCTION. Upon receipt of evidence satisfactory to the Company
of the loss, theft, destruction or mutilation of this Warrant and, in the case
of any such loss, theft or destruction, upon delivery of an indemnity agreement
or bond satisfactory in form, substance and amount to the Company or, in the
case of any such mutilation, upon surrender and cancellation of this Warrant,
the Company, at its expense, will execute and deliver, in lieu thereof, a new
Warrant of like tenor.

9.   SURVIVAL. The various rights and obligations of the Holder hereof as set
forth herein shall survive the exercise and surrender of this Warrant.

10.  NOTICES. Any and all notices, offers, elections, acceptances, requests,
certifications and consents provided for in this Warrant shall (1) be made in
writing and hand-delivered, or mailed by certified mail, return receipt
requested with adequate postage prepaid, or delivered by guaranteed, expedited
overnight delivery service, with delivery cost prepaid, (2) be deemed given when
so delivered, or mailed, (3) be deemed received by the addressee upon delivery,
if notice is given by hand delivery, or when the certified mail or delivery
receipt for such mail or delivery is executed, and (4) if notice is given by
mail or by expedited overnight delivery service, be mailed or delivered (A) to
the Company at its address set forth in Section 1 of this Warrant or such other
address as the Company may specify by written notice given hereunder or (B) to
the Holder at his address as it appears on the books of the Company from time to
time.

11.  AMENDMENTS. This Warrant may be amended or modified only by an instrument
in writing signed by the Holder and a duly authorized officer of the Company.

12.  GOVERNING LAW. This Warrant shall be governed by, and construed in
accordance with, the laws of the State of Maryland (excluding choice of law
provisions thereof). The Company and the Holder irrevocably consent and attorn
to the jurisdiction of the courts of the State of Maryland and agree that the
process of a court of the State of Maryland may be served upon either of them
outside of Maryland in the same manner as process may be served upon them within
Maryland.

13.  SEVERABILITY. Except as otherwise expressly provided in this Warrant, each
and every provision and term of this Warrant shall be treated as independent and
severable, to the extent that if any such provision or term shall to any extent
be held unenforceable, the remaining terms and provisions shall not be affected
thereby, and each term and provision of this Warrant shall be enforced to the
fullest extent permitted by law.

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14.  MISCELLANEOUS. As used herein, all references in the singular or plural
number shall be deemed to have been made, respectively, in the plural or
singular number as well. The headings herein are inserted only as a matter of
convenience and reference and in no way define, limit or describe the scope of
this Warrant, or the intent of the provisions thereof.

                            [Signatures on Next Page]

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     IN WITNESS WHEREOF, AmericasBank Corp. and ________________ have caused
this Warrant to be executed under seal as of this _____ day of ________________,
2003.

ATTEST:                                 AMERICASBANK CORP.

                                        By:                               (SEAL)
-------------------------------------      ------------------------------
Nicholas J. Belitsos, Secretary            Lee Warner, Chairman and
                                            President

                                        HOLDER:

                                                                          (SEAL)
                                        ---------------------------------

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                                  PURCHASE FORM

TO:  AMERICASBANK CORP.

     The undersigned hereby irrevocably elects to exercise the right,
represented by the attached Warrant dated as of ____________ ____, 2003 (the
"Warrant") to purchase ___________ shares of the Common Stock, par value $0.01
per share, of AMERICASBANK CORP., and hereby makes payment of $_____________ in
accordance with the provisions of Section l of the Warrant in payment of the
purchase price thereof.

     The undersigned hereby confirms and acknowledges that (a) the shares of
Common Stock received upon exercise of the Warrants will bear a legend
restricting transfer and (b) all representations made by the undersigned in
Article 2 of the Subscription Agreement by and between the Company and the
undersigned are true as of the date hereof.

     Please issue in the name of the undersigned a new warrant representing the
unexercised portion of the Warrant.

     Please issue the stock certificate(s) in the names and denominations and
deliver them to the addresses set forth below:

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

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

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

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

                                         ---------------------------------------
                                         Signature

                                         ---------------------------------------
                                         Name

                                         ---------------------------------------
                                         Date

                                         ---------------------------------------
                                         Social Security Number

<PAGE>

                                 ASSIGNMENT FORM

     For value received, the undersigned hereby sells, assigns and transfers
unto ______________________, ________________________________________________,
            (Name)                             (Address)
__________________________ [all] [that portion] of the within Warrant
     (SSN or FEIN)
exercisable for ______ shares of the Common Stock, par value $0.01 per share, of
AMERICASBANK CORP., together with all related right, title and interest therein,
and does hereby irrevocably constitute and appoint______________________________
attorney-in-fact to transfer the Warrant on the books of AMERICASBANK CORP. with
full power of substitution in the premises.

                                         ---------------------------------------
                                         Signature

                                         ---------------------------------------
                                         Name

                                         ---------------------------------------
                                         Date<PAGE>

                                  EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (the "Agreement") is made as of the ____ day of
July, 2003, between AmericasBank (the "Bank" or "Employer"), a
Maryland-chartered commercial bank and a wholly owned subsidiary of AmericasBank
Corp, Inc., and Mark H. Anders, a resident of the State of Maryland (the
"Employee").

                                    RECITALS:

     The Employer desires to employ the Employee as the President and Chief
Executive Officer of the Employer and the Employee desires to accept such
employment.

     In consideration of the above premises and the mutual agreements
hereinafter set forth, the parties hereby agree as follows:

1.  DEFINITIONS. Whenever used in this Agreement, the following terms and their
variant forms will have the meaning set forth below:

     1.1 "Agreement" means this Agreement and any exhibits incorporated herein
together with any amendments hereto made in the manner described in this
Agreement.

     1.2 "Affiliate" means any business entity which controls the Employer, is
controlled by or is under common control with the Employer.

     1.3 "Board" means the board of directors of the Bank.

     1.4 "Business of the Employer" means the business conducted by the
Employer, which is community banking.

     1.5 "Cause" shall include personal dishonesty, willful misconduct, breach
of fiduciary duty involving personal profit, intentional failure to perform
stated duties as set forth in Exhibit A, willful violation of any law, rule or
regulation (other than traffic violations or similar offenses) or final cease
and desist order or a material breach of any material provision of this
Agreement, provided, however, that no termination of employment which is
triggered by a material breach of any material provision of this Agreement shall
constitute a termination of employment for Cause unless the Employer has first
provided the Employee with the opportunity to cure the event or conduct by
giving the Employee a written notice describing in sufficient detail the
Employer's belief that Cause exists and the Employer defers termination of
employment until the expiration of a ninety (90) day cure period, beginning with
the date such notice is received by the Employee. No act, or failure to act, on
the Employee's part shall be considered willful unless he has acted, or failed
to act, with an absence of good faith and without reasonable belief that his
action or failure to act was in the best interest of the Emnployer.

<PAGE>

     1.6 "Company" means any entity that controls the Bank

     1.7 "Company Information" means Confidential Information and Trade Secrets.

     1.8 "Confidential Information" means data and information relating to the
business of the Employer (which does not rise to the status of a Trade Secret)
and/or an Affiliate which is or has been disclosed to the Employee or of which
the Employee became aware as a consequence of or through the Employee's
relationship to the Employer and which has value to the Employer and is not
generally known to its competitors. Confidential Information does not include
any data or information that has been voluntarily disclosed to the public by the
Employer (except where such public disclosure has been made by the Employee
without authorization) or that has been independently developed and disclosed by
others, or that otherwise enters the public domain through lawful means.

     1.9 "Change in Control" means any one of the following events:

          (a) the acquisition, subsequent to the Recapitalization, by any person
     or persons acting in concert of the then outstanding voting securities of
     either the Bank or the Company, if, after the transaction, the acquiring
     person (or persons) owns, controls or holds with power to vote fifty
     percent (50%) or more of any class of voting securities of the Bank or the
     Company, as the case may be, or such other transaction as may be described
     under 12 C.F.R. Section 225.41(b)(1) or any successor thereto;

          (b) the approval, subsequent to the Recapitalization, by the
     stockholders of either the Bank or the Company of a reorganization, merger
     or consolidation, with respect to which persons who were the stockholders
     of either the Bank or the Company, as the case may be, immediately prior to
     such reorganization, merger or consolidation do not, immediately
     thereafter, own more than fifty percent (50%) of the combined voting power
     entitled to vote in the election of directors of the reorganized, merged or
     consolidated company's then outstanding voting securities;

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

          (d) within any twelve-month period (beginning one year after the
     Effective Date) the persons who were directors of the Bank immediately
     before the beginning of such twelve-month period (the "Incumbent
     Directors") cease to constitute at least a majority of such board of
     directors; provided that any director who was not a director as of the
     Effective Date will be deemed to be an Incumbent Director if that director
     was elected to such board of directors by, or on the recommendation of or
     with the approval of, a majority of the directors who then qualified as
     Incumbent Directors;

     1.10 "Effective Date" means __________ __, 2003.

     1.11 "Good Reason" means, any of the following events or conduct preceding
a termination of employment initiated by the Employee:

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<PAGE>

          (a) a material diminution in the powers, responsibilities or duties of
     the Employee hereunder, a material change as to whom Employee reports and
     who reports to Employee, material interference by the Board in the
     discharge of the duties of Employee as President and Chief Executive
     Officer of the Bank; and/or a material deviation by the Board from a
     previously adopted strategic plan unless such material deviation is
     approved by the Board as being in the best interests of the shareholders of
     the Bank and a proper exercise of the Board's fiduciary duty;

          (b) the failure of the Board to elect the Employee as the President
     and Chief Executive Officer of the Bank;

          (c) a material breach of any provision of this Agreement by the
     Employer;

          (d) the failure of the Board to nominate the Employee for re-election
     following expiration of each of the Employee's terms of service on the
     Board that arises during the Term (as defined below);

          (e) a change in the location of the principal office of Employee more
     than thirty five (35) miles from its existing location;

          (f) a regulatory agency with authority to declare the Bank insolvent
     and appoint a receiver does declare the Bank insolvent and appoint a
     receiver; or

          (g) failure of the shareholders to elect Employee as a director of the
     Bank.

provided, however, that no termination of employment which is triggered by any
conduct or event described in this Section 1.11 except for Section 1.11(f) shall
constitute a termination of employment for Good Reason unless the Employee has
first provided the Employer with the opportunity to cure the event or conduct by
giving the Employer a written notice describing in sufficient detail the
Employee's belief that a Good Reason exists and the Employee defers resigning
until the expiration of a ninety (90) day cure period, beginning with the date
such notice is received by the Employer.

     1.12 "Permanent Disability" means the total inability of the Employee to
perform the Employee's duties under this Agreement for a period of one hundred
and eighty (180) consecutive days as certified by a physician chosen by the
Employer and reasonably acceptable to the Employee.

                                       3

<PAGE>

     1.13 "Recapitalization" means one or more sale or sales of stock for cash
or the issuance of one or more debt instrument or debt instruments in a
cumulative amount not to exceed $5,000,000 by Employer or an Affiliate of
Employer through one or more stock or debt offerings within 18 months of the
effective date.

     1.14 "Trade Secrets" means information including, but not limited to,
technical or nontechnical data, formulas, patterns, compilations, programs,
devices, methods, techniques, drawings, processes, financial data, financial
plans, product plans or lists of actual or potential customers or suppliers
which:

          (a) derives economic value, actual or potential, from not being
     generally known to, and not being readily ascertainable by proper means by,
     other persons who can obtain economic value from its disclosure or use; and

          (b) is the subject of efforts that are reasonable under the
     circumstances to maintain its secrecy.

2.  DUTIES.

     2.1 The Employee is employed as the President and Chief Executive Officer
of the Bank, subject to the direction of the Board, must perform and discharge
well and faithfully the duties which may be assigned to him from time to time by
the Employer in connection with the conduct of its business. The duties and
responsibilities of the Employee are set forth on Exhibit A attached hereto.

     2.2 In addition to the duties and responsibilities specifically assigned to
the Employee pursuant to Section 2.1 hereof, the Employee must:

          (a) devote substantially all of the Employee's time, energy and skill
     during regular business hours to the performance of the duties of the
     Employee's employment (reasonable vacations and reasonable absences due to
     illness excepted) and faithfully and industriously perform such duties;

          (b) diligently follow and implement all management policies and
     decisions communicated to him by the Board; and

          (c) timely prepare and forward to the Board all reports and accounting
     as may be requested of the Employee.

     2.3 The Employee must not during the Term of this Agreement be engaged
(whether or not during normal business hours) in any other business or
professional activity, whether or not such activity is pursued for gain, profit
or other pecuniary advantage; but this will not be construed as preventing the
Employee from:

          (a) investing the Employee's personal assets in businesses which are
     not in competition with the Business of the Employer and which will not
     require any services

                                       4

<PAGE>

     on the part of the Employee in their operation or affairs and in which the
     Employee's participation is solely that of an investor;

          (b) purchasing securities in any corporation whose securities are
     regularly traded provided that such purchase will not result in him
     collectively owning beneficially at any time five percent (5%) or more of
     the equity securities of any business in competition with the Business of
     the Employer; and

          (c) materially participating in civic and professional affairs and
     organizations and conferences, preparing or publishing papers or books or
     teaching so long as the Board approves of such activities prior to the
     Employee's engaging in them.

3.  TERM AND TERMINATION.

     3.1 Term. The term of this Agreement will initially be set at five (5)
years commencing on the date hereof. Commencing on the first anniversary date of
this Agreement (the "Anniversary Date"), and continuing on each Anniversary Date
thereafter, this Agreement shall renew for an additional year such that the
remaining term shall be five (5) years unless written notice of non- renewal is
provided to Employee at least ten (10) and not more than (30) days prior to such
Anniversary Date, that his employment shall cease at the end of five (5) years
following such Anniversary Date. Prior to each notice period for non-renewal,
the non-employee members of the Board will conduct a comprehensive performance
evaluation and review of the Employee for purposes of determining whether to
extend the Agreement, and the results thereof shall be included in the minutes
of the Board's meeting (as so calculated, the "Term").

     3.2 Termination. The employment of the Employee under this Agreement may be
terminated prior to the expiration of the Term only as follows, subject to the
conditions set forth below:

          3.2.1  By the Employer:

               (a) for Cause at any time, subject to the notice and cure period
          contained in Section 1.6 hereof and a determination of Cause by
          two-thirds of the Board non-employee Board members, in which event the
          Employer will have no further obligation to the Employee except for
          the payment of any amounts due and owing under Section 4 on the
          effective date of the termination;

               (b) without Cause any time, provided that the Employer gives the
          Employee sixty (60) days' prior written notice of its intent to
          terminate, in which event the Employer will be required to make the
          termination payments under Section 3.6.1; or

               (c) upon the Permanent Disability of Employee in which event the
          Employer will have no further obligation to the Employee except for
          the payment of any amounts due and owing under Section 4 on the
          effective date of the termination.

                                       5

<PAGE>

          3.2.2  By the Employee:

                (a) for Good Reason in which event the Employer will be required
          to make the termination payments under Section 3.6.1;

                (b) without Good Reason , provided that the Employee gives the
          Employer sixty (60) days' prior written notice of the Employee's
          intent to terminate, in which event the Employer will have no further
          obligation to the Employee except for future payment of any amounts
          due and owing under Section 4 on the effective date of the
          termination; or

                (c) upon the Permanent Disability of the Employee in which event
          the Employer will have no further obligation to the Employee except
          for the payment of any amounts due and owing under Section 4 on the
          effective date of the termination.

          3.2.3  By the Employee: within six (6) months following a Change in
                 Control; provided that the Employee gives at least thirty (30)
                 days' prior written notice to the Employer of the Employee's
                 intention to terminate this Agreement with such resignation to
                 be effective immediately, in which event the Employer will be
                 required to make a termination payment under Section 3.6.2; or

          3.2.4  At any time upon mutual, written agreement of the parties, in
          which event the Employer will have no further obligation to the
          Employee except for the payment of any amounts due and owing under
          Section 4 on the effective date of termination unless otherwise set
          forth in the written agreement.

          3.2.5  Immediately upon the Employee's death, in which event the
          Employer will have no further obligation to the Employee except for
          the payment of any amounts due and owing under Section 4 on the
          effective date of termination.

     3.3 Effect of Termination. Termination of the employment of the Employee
pursuant to Section 3.2 will be without prejudice to any right or claim which
may have previously accrued to either the Employer or the Employee hereunder and
will not terminate, alter, supersede or otherwise affect the terms and covenants
and the rights and duties prescribed in this Agreement.

     3.4 Suspension Without Pay. If Employee is suspended and/or temporarily
prohibited from participating in the conduct of the Employer's affairs by a
notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance
Act, the Employer's obligations under this Agreement will be suspended as of the
date of service thereof, unless stayed by appropriate proceedings. If the
charges in such notice are dismissed, the Employer will in its discretion:

                                       6

<PAGE>

          (a) pay Employee all or part of the compensation withheld while its
     contract obligations were suspended; and/or

          (b) reinstate (in whole or in part) any of its obligations which were
     suspended.

     3.5 Other Regulatory Requirements. If the Bank is in default, as defined in
Section (3)(x)(1) of the Federal Deposit Insurance Act, all obligations under
this Agreement will terminate as the date of such default, but no vested rights
of the Employee will be affected. Further, all obligations under this Agreement
will be terminated, except, to the extent determined that continuation of the
Agreement is necessary for the continued operation of the Bank:

          (a) by the Director (the "Director") of the Federal Deposit Insurance
     Corporation ("FDIC") or his or her designee, at the time the FDIC enters
     into an agreement to provide assistance to or on behalf of the Bank under
     the authority of the Federal Deposit Insurance Act; or

          (b) by the Director or his or her designee, at the time the Director
     or his or her designee approves a supervisory merger to resolve problems
     relating to the operation of the Bank or when the Bank is determined by the
     Director to be in an unsafe or unsound condition.

                                       7

<PAGE>

     3.6 Termination Payments.

          3.6.1. In the event and only in the event this Agreement is terminated
by the Employer pursuant to Section 3.2.1(b) or by the Employee pursuant to
Section 3.2.2(a), a Change in Control has not occurred within the immediately
preceding six (6) months, and the Bank has less than a .75% return on average
assets, as defined under general accounting principals ("ROAA") for the
immediately preceding twelve (12) month period, then commencing with the first
payroll date immediately following the effective date of such termination, the
Employer will pay to the Employee as severance pay and liquidated damages an
amount equal to the then current Base Salary divided by 12 (the "Base Monthly
Salary") in twelve (12) installments for a period equal to one (1) year. In the
event this Agreement is terminated by the Employer pursuant to Section 3.2.1(b)
or by the Employee pursuant to Section 3.2.2(a), a Change in Control has not
occurred within the immediately preceding six (6) months, and the Bank has a
greater than .75% but less than 1% ROAA for the immediately preceding twelve
(12) month period, then commencing with the first payroll date immediately
following the effective date of such termination, the Employer will pay to the
Employee as severance pay and liquidated damages an amount equal to the Base
Monthly Salary in eighteen (18) installments for a period equal to eighteen (18)
months. In the event this Agreement is terminated by the Employer pursuant to
Section 3.2.1(b) or by the Employee pursuant to Section 3.2.2(a), a Change in
Control has not occurred within the immediately preceding six (6) months, and
the Bank has a greater than 1% ROAA for the immediately preceding twelve (12)
month period, then commencing with the first payroll date immediately following
the effective date of such termination, the Employer will pay to the Employee as
severance pay and liquidated damages an amount equal to the Base Monthly Salary
in twenty four (24) installments for a period equal to two (2) years.

     The Bank's obligation to make any payments under this Section 3.6.1 will
immediately terminate upon Employee becoming an employee with an entity other
than Employer except to the extent that the total compensation payable to
Employee is less than the compensation payable under Section 3.6.1 in which
event the Bank's obligation under this Section 3.6.1 will be the difference
between the compensation payable under Section 3.6.1 and the total compensation
paid to Employee by an entity other than the Bank.

          3.6.2. In the event and only in the event a Change in Control has
occurred as described in Sections 1.9 (a), (b) or (c) and this Agreement is
terminated by Employer or by Employee pursuant to Section 3.2.3, the Employee
shall be entitled to the following:

     (a) if the price paid by the entity or entities acquiring voting
securities, voting control or assets as described in Sections 1.9 (a), (b) or
(c) is less than the then current book value of the Bank or the Company,
Employee will receive a lump sum payment equal to his then current base salary;
(b) if the price paid by the entity or entities acquiring voting securities,
voting control or assets as described in Sections 1.9 (a), (b) or (c) is equal
or greater than book value but less then two (2) times book value Employee will
receive a lump sum payment using the calculations contained in Section 3.6.1
hereof; and (c) if the price paid by the entity or entities acquiring voting
securities, voting control or assets as described in Sections 1.9 (a), (b) or
(c) is equal or greater than two (2) times book value Employee will receive a
lump sum payment equal to 2.99 times his Average Base Salary and shall be paid
such lump sum payment by Employer within 30

                                       8

<PAGE>

days of the effective date of termination of this Agreement. As used herein, the
term "Average Base Salary" means the Employee's average Base Salary paid by the
Employer during the most recent five (5) taxable years ending before the date
the Change in Control occurs (or such portion of such period during which the
Employee was employed by the Employer.

          3.6.3. In the event and only in the event a Change in Control has
occurred as described in Sections 1.9 (d) and this Agreement is terminated by
Employer or by Employee pursuant to Section 3.2.3, the Employee shall be
entitled to a lump sum payment using the calculations contained in Section 3.6.1
hereof.

          3.6.4. Notwithstanding any other provisions to this Agreement to the
contrary, if the aggregate of the payments provided for in this Agreement and
other payments and benefits which the Employee has the right to receive from the
Employer (the "Total Payments") would constitute a "parachute payment," as
defined in Section 280G(b)(2) of the Internal Revenue Code, the Employee shall
receive the Total Payments unless (a) the after-tax amount that would be
retained by the Employee (after taking into account all federal, state and local
income taxes payable by the Employee and the amount of any excise taxes payable
by the Employee under Section 4999 of the Internal Revenue Code that would be
payable by the Employee (the "Excise Taxes")) if the Employee were to receive
the Total Payments has an aggregate value less than (b) the after-tax amount
that would be retained by the Employee (after taking into account all federal,
state and local income taxes payable by the Employee) if the Employee were to
receive the Total Payments reduced to the largest amount as would result in no
portion of the Total Payments being subject to Excise Taxes (the "Reduced
Payments"), in which case the Employee shall be entitled only to the Reduced
Payments. If the Employee is to receive the Reduced Payments, the Employee shall
be entitled to determine which of the Total Payments, and the relative portions
of each, are to be reduced.

          3.6.5. Any payments made to Employee pursuant to this Agreement, or
otherwise, are subject to and conditioned upon compliance with Section U.S.C.
Section 1828(k) and FDIC regulation 12 C.F.R. Part 359, Golden Parachute and
Indemnification Payments.

4.  COMPENSATION AND BENEFITS.

     4.1 Compensation. The Employee will receive the following salary and
benefits:

          (a) Base Salary. During the Term, the Employee will receive a base
     salary at the rate of $125,000 per annum, payable in substantially equal
     installments in accordance with the Bank's regular payroll practices and as
     may be increased by the Bank ("Base Salary"). The Employee's Base Salary
     will be reviewed by the Board annually, and the Employee will be entitled
     to receive annually an increase of at least 5% of the then current Base
     Salary if the employee receives a satisfactory performance evaluation as
     may be determined by the Board in any year. The Base Salary will be
     renegotiated upwards when the Bank achieves a 1% ROAA for any fiscal year.

          (b) Incentive Compensation.

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<PAGE>

               (i)  In addition to Employee's Base Salary under Section 4.1(a),
          Employee shall be entitled to participate in such incentive plans as
          are described on Exhibit B.

               (ii) The Employee will also be entitled to participate in such
          other bonus, incentive and other executive compensation programs as
          are made available to senior management of the Employer from time to
          time.

     The bonus amounts which may be payable to the Employee pursuant to this
Section 4.1(b) is referred to herein as "Incentive Compensation".

     4.2 Compensation as a Director. The Employee will not be compensated for
attendance at regular and special Board meetings.

     4.3 Business Expenses. The Employer specifically agrees to reimburse the
Employee for reasonable business (including travel) expenses incurred by the
Employee in the performance of the Employee's duties hereunder, as approved from
time to time by the Board provided, however, that the Employee must, as a
condition of reimbursement, submit verification of the nature and amount of such
expenses in accordance with reimbursement policies from time to time adopted by
the Employer and in sufficient detail to comply with rules and regulations
promulgated by the Internal Revenue Service.

     4.4 Vacation. On a non-cumulative basis the Employee will be entitled to
four weeks vacation in each year of this Agreement in accordance with the
procedures set forth in the Bank's vacation policy as then in effect, during
which the Employee's Base Salary will be paid in full.

     4.5 Benefits. In addition to the Base Salary and Incentive Compensation,
the Employee will be entitled to such benefits as are described on Exhibit C.
All such benefits will be awarded and administered in accordance with the
Employer's standard policies and practices.

     4.6 Withholding. The Employer may deduct from each payment of compensation
hereunder all amounts required to be deducted and withheld in accordance with
applicable federal and state income, FICA and other withholding requirements.

5.  COMPANY INFORMATION.

     5.1 Ownership of Information. All Company Information received or developed
by the Employee while employed by the Employer will remain the sole and
exclusive property of the Employer.

     5.2 Obligations of the Employee. The Employee agrees (a) to hold Company
Information in strictest confidence, and (b) not to use, duplicate, reproduce,
distribute, disclose or otherwise disseminate, either intentionally or in a
grossly negligent manner, Company Information or any physical embodiments
thereof and may in no event take any action causing or fail to take any action
necessary in order to prevent any Company Information from losing its character
or ceasing to qualify as Confidential Information or a Trade Secret. In the
event that the Employee is required by law to disclose any Company Information,
the Employee will not make such disclosure unless (and then only to the extent
that) the Employee has been advised by

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<PAGE>

the Company's legal counsel that such disclosure is required by law and then
only after prior written notice is given to the Employer when the Employee
becomes aware that such disclosure has been requested and is required by law.
This Section 5 will survive the termination of this Agreement with respect to
Confidential Information for so long as it remains Confidential Information, but
for no longer than three (3) years following termination of this Agreement, and
this Section 5 will survive termination of this Agreement with respect to Trade
Secrets for so long as is permitted by the then-current Maryland Trade Secrets
Act.

     5.3 Delivery upon Request or Termination. Upon request by the Employer, and
in any event upon termination of employment with the Employer, the Employee will
promptly deliver to the Employer all property belonging to the Employer,
including without limitation, all Company Information then in the Employee's
possession or control.

6.  NON-COMPETITION. The Employee agrees that during the Term hereunder and, in
the event of the Employee's termination of employment for any reason, thereafter
for a period equal to the greater of (a) six (6) months; or (b) the period
during which the Employee is to be paid monthly termination payments, if any, in
accordance with Section 3.6 hereof, the Employee will not (except on behalf of
or with the prior written consent of the Employer), within the geographic area
encompassed in a radius of 20 miles of the main office of the Employer, either
directly or indirectly, on the Employee's own behalf or in the service or on
behalf of others, as a principal, partner, officer, director, manager,
supervisor, administrator, executive employee or in any other capacity which
involves duties and responsibilities similar to those undertaken for the
Employer, engage in any business which is the same as or essentially the same as
the Business of the Employer.

7.  NON-SOLICITATION OF CUSTOMERS. The Employee agrees that during the Term
hereunder and, in the event of the Employee's termination of employment for any
reason, thereafter for a period equal to the greater of (a) twelve (12) months;
or (b) the period during which the Employee is to be paid monthly termination
payments, if any, in accordance with Section 3.6 hereof, the Employee will not
(except on behalf of or with the prior written consent of the Employer), within
the geographic area encompassed in a radius of 20 miles of any office or
facility maintained by the Employer, on the Employee's own behalf or in the
service or on behalf of others, solicit or divert or attempt to solicit or
divert, directly or by assisting others, any business from any of the Employer's
customers, including actively sought prospective customers, with whom the
Employee has or had material contact during the last two (2) years of the
Employee's employment, for purposes of providing products or services that are
competitive with those provided by the Employer.

8.  NON-SOLICITATION OF EMPLOYEES. The Employee agrees that during the Term
hereunder and, in the event of the Employee's termination of employment for any
reason, thereafter for a period equal to the greater of (a) twelve (12) months;
or (b) the period during which the Employee is to be paid monthly termination
payments, if any, in accordance with Section 3.6hereof, the Employee will not,
except for Employee's Administrative Assistant, within the geographic area
encompassed in a radius of 20 miles of any office or facility maintained by the
Employer , on the Employee's own behalf or in the service or on behalf of
others, solicit, recruit or hire away or attempt to solicit, recruit or hire
away, directly or by assisting others, any employee of the Employer or its
Affiliates, whether or not such employee is

                                       11

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a full-time employee or a temporary employee of the Employer or its Affiliates
and whether or not such employment is pursuant to written agreement and whether
or not such employment is for a determined period or is at will.

9.  REMEDIES. The Employee agrees that the covenants contained in Sections 5
through 8 of this Agreement are of the essence of this Agreement; that each of
the covenants is reasonable and necessary to protect the business, interests and
properties of the Employer; and that irreparable loss and damage will be
suffered by the Employer should the Employee breach any of the covenants.
Therefore, the Employee agrees and consents that, in addition to all the
remedies provided by law or in equity, the Employer will be entitled to a
temporary restraining order and temporary and permanent injunctions to prevent a
breach or contemplated breach of any of the covenants. The Employer and the
Employee agree that all remedies available to the Employer or the Employee, as
applicable, will be cumulative.

10. SEVERABILITY. The parties agree that each of the provisions included in this
Agreement is separate, distinct and severable from the other provisions of this
Agreement and that the invalidity or unenforceability of any Agreement provision
will not affect the validity or enforceability of any other provision of this
Agreement. Further, if any provision of this Agreement is ruled invalid or
unenforceable by a court of competent jurisdiction because of a conflict between
the provision and any applicable law or public policy, the provision will be
redrawn to make the provision consistent with and valid and enforceable under
the law or public policy.

11. NO SET-OFF BY THE EMPLOYEE. The existence of any claim, demand, action or
cause of action by the Employee against the Employer, or any Affiliate of the
Employer, whether predicated upon this Agreement or otherwise, will not
constitute a defense to the enforcement by the Employer of any of its rights
hereunder. The existence of any claim, demand, action or cause of action by the
Employer against the Employee whether predicated upon this Agreement or
otherwise, will not constitute a defense to the enforcement by the Employee of
any of its rights hereunder.

12. NOTICE. All notices and other communications required or permitted under
this Agreement will be in writing and, if mailed by prepaid first-class mail or
certified mail, return receipt requested, will be deemed to have been received
on the earlier of the date shown on the receipt or three (3) business days after
the postmarked date thereof. In addition, notices hereunder may be delivered by
hand, facsimile transmission or overnight courier, in which event the notice
will be deemed effective when delivered or transmitted. All notices and other
communications under this Agreement must be given to the parties hereto at the
following addresses:

                                       12

<PAGE>

13.

                         (i)  If to the Employer, to it at:

                              Lee W. Warner, Chairman
                              9690 Deereco Road
                              Suite 650
                              Timonium, Maryland 21093

                         (ii) If to the Employee, to the Employee at:

                              1408 Malvern Road
                              Towson, Maryland 21204

14. ASSIGNMENT. Employee may not assign or delegate this Agreement or any of its
rights and obligations hereunder without the written consent of the other party
hereto.

15. WAIVER. A waiver by the Employer of any breach of this Agreement by the
Employee will not be effective unless in writing, and no waiver will operate or
be construed as a waiver of the same or another breach on a subsequent occasion.

16. ARBITRATION. Any controversy or claim arising out of or relating to this
Agreement, or the breach thereof, will be settled by binding arbitration in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association. The decision of the arbitration panel will be final and binding on
the parties, and judgment upon the award rendered by the arbitration panel may
be entered by any court having jurisdiction thereof.

17. ATTORNEYS' FEES. All reasonable legal fees paid or incurred by Employee
pursuant to any dispute or question of interpretation relating to this Agreement
shall be paid or reimbursed by the Bank, provided that the dispute or
interpretation has been settled by the Employee and the Bank or resolved in the
Employee's favor.

18. APPLICABLE LAW. This Agreement will be construed and enforced under and in
accordance with the laws of the State of Maryland only to the extent not
superseded by federal law. The parties agree that any appropriate state court
located in Baltimore County, Maryland, will have jurisdiction of any case or
controversy arising under or in connection with this Agreement and will be a
proper forum in which to adjudicate such case or controversy. The parties
consent to the jurisdiction of such courts.

19. INTERPRETATION. Words importing the singular form shall include the plural
and vice versa. The terms "herein", "hereunder", "hereby", "hereto", "hereof"
and any similar terms refer to this Agreement. Any captions, titles or headings
preceding the text of any article, section or subsection herein are solely for
convenience of reference and will not constitute part of this Agreement or
affect its meaning, construction or effect.

                                       13

<PAGE>

20. ENTIRE AGREEMENT. This Agreement embodies the entire and final agreement of
the parties on the subject matter stated in the Agreement. No amendment or
modification of this Agreement will be valid or binding upon the Employer or the
Employee unless made in writing and signed by both parties. All prior
understandings and agreements relating to the subject matter of this Agreement
are hereby expressly terminated.

21. RIGHTS OF THIRD PARTIES. Nothing herein expressed is intended to or will be
construed to confer upon or give to any person, firm or other entity, other than
the parties hereto and their permitted assigns, any rights or remedies under or
by reason of this Agreement.

22. SURVIVAL. The obligations of the Employee pursuant to Sections 5, 6, 7, 8
and 9 will survive the termination of the employment of the Employee hereunder
for the period designated under each of those respective sections.

22. SOURCE OF PAYMENTS. The Bank will maintain in escrow account (the, "Escrow
Account") at a financial institution in an amount equal to the Base Salary for
the Employee. The Escrow Account will be the source or partial source of
payments in the event that termination payments are due by the Bank under
Section 3.6.1.

23. REGULATORY APPROVAL. This Agreement and the obligation of the parties
thereunder is contingent upon the approval or nonobjection of the employment of
Employee as described herein by regulatory bodies with jurisdiction over
Employee.

     IN WITNESS WHEREOF, the Employer and the Employee have executed and
delivered this Agreement as of the date first shown above.

                                        THE EMPLOYER:

                                        AmericasBank

                                        By: /s/ Lee W. Warner
                                            ------------------------------------
                                        Name: Lee W. Warner
                                              ----------------------------------
                                        Title: Chairman
                                              ----------------------------------

                                        THE EMPLOYEE:

                                        By: /s/ Mark H. Anders
                                            ------------------------------------
                                        Name: Mark H. Anders
                                             -----------------------------------

                                       14

<PAGE>

EXHIBIT A

                                  AmericasBank
                                 JOB DESCRIPTION

JOB TITLE:     PRESIDENT/CHIEF EXECUTIVE OFFICER
FSLA:          EXEMPT
REPORTS TO:    BOARD OF DIRECTORS

SUMMARY:

Plan, develop, and establish policies, objectives, and strategies to prudently
grow the bank, increase profitability, promote service quality, and to ensure
the safe and sound operation of the bank in accordance with federal and state
laws, rules and regulations, Board directives, the charter of the corporation,
and generally accepted industry standards for liquidity, asset quality, leverage
and interest rate sensitivity.

ESSENTIAL DUTIES AND RESPONSIBILITIES: Specific duties are listed below. Other
duties may be assigned.

Confers with corporate managers to plan business objectives, to develop
organizational policies, to coordinate functions and operations between
divisions and departments, and to establish responsibilities and procedures for
attaining objectives.

Provides leadership to the board of directors and its committees. Contributes to
the effective, profitable operation of the corporation by participation in
Liquidity and Asset/Liability Management, Loan Committee, Public Relations
/Marketing Committee, and Asset Review Committee activities.

Ensures that the spirit and intent of regulatory and supervisory trusts and
concerns are met or exceeded.

Keeps the Board informed concerning major developments and consults with same
regarding major decisions affecting the bank or holding company.

Represents the bank and provides leadership in community activities, including
business, charitable, civic, and social organizations to maintain a proper
responsible citizen stature for the bank.

Reviews activity reports and financial statements to determine progress and
status in attaining objectives and revises objectives and plans in accordance
with current conditions.

<PAGE>

Directs and coordinates the formulation of financial programs to provide funding
for new or continuing operations to maximize returns on investments and to
increase productivity.

Plans and develops labor and public relations policies designed to improve
bank's image and relations with customers, employees, and the public.

Evaluates performance of executives for compliance with established policies and
objectives of bank.

SUPERVISORY RESPONSIBILITY:

Manages subordinate supervisors in the Lending, Deposit, and Mortgage Banking,
Finance and Operations functions. Is responsible for the overall direction,
coordination, and evaluation of these units.

Provides direct guidance on personnel activities which affect the key bank
management team, including salary administration, management incentive,
performance objectives, and compliance with established policies to ensure solid
team efforts toward the attainment of department, bank, and corporation goals.

Carries out supervisory responsibilities in accordance with the organization's
policies and applicable laws. Responsibilities include interviewing, hiring, and
training employees; planning, assigning, and directing work; appraising
performance; rewarding and disciplining employees; and addressing complaints and
resolving problems.

CRA REQUIREMENT:

Expected to understand the bank's obligations under the Community Reinvestment
Act and how to fulfill them. Expected to cooperate with and support the bank's
CRA program and to maintain a Satisfactory CRA rating

PRODUCT AND KNOWLEDGE REQUIREMENT:

Should know and understand the products and services that are provided by the
Bank and give quality service at all times to our customers.

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each
essential duty satisfactorily. The requirements listed below are representative
of the knowledge, skill, and/or ability required.

EDUCATION AND/OR EXPERIENCE:

<PAGE>

     College graduate or graduate of recognized graduate banking school or
     equivalent; ten years related experience and/or training; or equivalent
     combination of education and experience.

     LANGUAGE SKILLS:Ability to read, analyze, and interpret common technical
     journals, financial reports, and legal documents. Ability to respond to
     common inquiries or complaints from customers, regulatory agencies, or
     members of the community. Ability to to effectively communicate policies,
     procedures, staff objectives, and information to top management, public
     groups, and/or boards of directors.

     ANALYTICAL SKILLS:

     A high level of analytical, mathematical and reasoning skills to assess and
     evaluate the operation of subordinate areas of responsibility, participate
     in establishing bank-wide financial goals, and draft operational reports to
     the board.

PERFORMANCE EXPECTATIONS:

     ORGANIZATIONAL EXPECTATIONS:

     Understands that the position exists to ultimately serve the customer
     either directly or indirectly through assisting front-line personnel to
     answer customer inquiries quickly.

     Practices a high degree of professionalism and sets an example for others
     to follow.

     Uses creativity and initiative to recommend quality enhancements when
     relevant and appropriate.

     Has satisfactory attendance within policy guidelines and is punctual.

     Manages time effectively. Completes assigned duties within reasonable
     deadlines.

     FINANCIAL EXPECTATIONS:

     Makes recommendations to the Board of Directors concerning budgetary needs
     of the bank.

     Within parameters of job, uses good judgment related to Bank income
     opportunities and expense control.

     RELATIONSHIP EXPECTATIONS:

     Conducts in-bank and public relationships in a manner that enhances the
     image and marketing efforts of the Bank.

<PAGE>

     Participates in community organizations, activities, and projects.

     Contributes to an overall team effort by being an effective team player.

This job description is not intended to be and should not be construed as an
all-inclusive list of the responsibilities, skills, or working conditions
associated with the position. While this job description is intended to
accurately reflect the position's activities and requirements, management
reserves the right to modify, add, or remove duties and assign other duties as
necessary.

<PAGE>

EXHIBIT B

                                  AmericasBank
                                   Term Sheet
Management Incentive Plan

Purpose:          To attract, retain and reward the senior executive officers of
                  the bank and other key employees designated by the President
                  and Chief Executive Officer.

Securities:       To be determined. It is contemplated the securities could
                  include: restricted stock awards and stock options, including
                  discounted options, phantom stock options, incentive stock
                  options under qualified and non qualified plans.

Plan Scope:       To fully align the interest of management, directors and
                  shareholders in creating value in the Company. Management
                  would be granted ownership rights in a pool of securities and
                  options that would only increase in value if management
                  successfully increases the market value of the Company. The
                  structure and number of shares in the initial securities pool
                  is to be determined.

Plan Term:        10 years

Option Price:     To be determined based on 100% of the per share value
                  established by a new valuation.

Vesting:          10% of the total shares awarded will vest upon the hire of the
                  employee or the adoption of the Plan. The remaining shares
                  will vest within ten years of hire based on a schedule to be
                  determined. Vesting will be tied to earnings performance,
                  balance sheet growth, asset quality, and the composite rating
                  assigned by the bank's regulatory authorities. Shares that do
                  not vest in one period may vest in subsequent periods so long
                  as the requirements for vesting in subsequent periods are
                  attained.

Effective Date:   After completion of capital raising offering but not later
                  than March 31, 2004.

<PAGE>

EXHIBIT C

Group Benefits

Medical:   Family Coverage at the Expense of the Bank
Dental:    Family Coverage at the Expense of the Bank
Life Insurance
Short and Long Term Disability
401K Plan (or other retirement program)
Vacation:  Four weeks

Other Benefits

Competitive SERP (once Bank achieves 1.0% ROAA)
Competitive Bonus Plan (if Bank exceeds profitability hurdles) - To Be Developed
Automobile/Club  Allowance  of $750 per month
TEC Dues (once bank breaks even - currently $910 per month

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