Document:

SHAREHOLDER
        WARRANT AGREEMENT

      

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

      

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

      

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

      

      1. Grant
        of Warrants.
        Subject
        to the terms, restrictions, limitations and conditions stated in this Agreement,
        the receipt and sufficiency of which are hereby acknowledged, the Company
        hereby
        grants to Initial Holder the number of Warrants set forth beside his name
        on
Exhibit
        A.
        Each
        Warrant initially shall be exercisable for one fully paid and nonassessable
        share of common stock, no par value per share, of the Company (“Share”), subject
        to adjustment as provided in Section 11
        of this
        Agreement. The Initial Holders and all subsequent registered holders of the
        Warrants (each, a “Holder” and, collectively, the “Holders”) shall have the
        rights and obligations set forth in this Agreement.

      

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

      

      3. Term
        of Warrants.
        

      

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

       

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

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

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

      

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

       

      6. Registration
        of Transfer and Exchange.

      

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

      

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

      

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

      

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

       

      7. Replacement
        of Warrant Certificates.

      

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

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

         

      

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

      

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

      

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

      

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

      

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

      

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

       

      11. Stock
        Dividends, Splits, Etc. 

      

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

      

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

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

         

      

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

      

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

      

      14. Miscellaneous.

       

      (a) Any
        notice or other communication required or permitted to be made hereunder
        shall
        be in writing, duly signed by the party giving such notice or communication
        and
        shall be deemed delivered and effective when given personally or mailed by
        first-class registered or certified mail, postage prepaid as follows (or
        at such
        other address for a party as shall be specified by like notice): (i) if given
        to
        the Company, at 33583 Woodward Avenue, Birmingham, Michigan 48009; and (ii)
        if
        given to a Holder, at the address set forth for the Holder on the books and
        records of the Company.
        A notice
        given to the Company by a Holder with respect to the exercise of a Warrant
        shall
        not be effective until received by the Company.

       

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

      

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

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

         

      

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

      

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

      

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

      

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

      

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

      

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

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

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

       

      
        	 	
                BIRMINGHAM
                  BLOOMFIELD BANCSHARES

                

                

                By:
                                                                                              

                

                Name:                                                                        

                

                Title:                                                                          

              

      

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

          
          

        

      

      

      EXHIBIT
        A

      

      LIST
        OF INITIAL SHAREHOLDERS

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        B

      

      FORM
        OF WARRANT CERTIFICATE

      

      THE
        TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO
        THE
        RESTRICTIONS SPECIFIED IN THAT CERTAIN WARRANT AGREEMENT DATED AS OF
        ______________, 200__, BY BIRMINGHAM BLOOMFIELD BANCSHARES, A MICHIGAN
        CORPORATION (“COMPANY”), IN FAVOR OF THE PERSONS LISTED ON EXHIBIT
        A
        THERETO, AS THE SAME MAY BE AMENDED FROM TIME TO TIME (“AGREEMENT”). A COPY OF
        THE FORM OF THE AGREEMENT IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL
        EXECUTIVE OFFICE OF THE BANK DURING NORMAL BUSINESS HOURS. THE HOLDER OF
        THIS
        CERTIFICATE, BY ACCEPTANCE OF THIS CERTIFICATE, AGREES TO BE BOUND BY THE
        PROVISIONS OF THE AGREEMENT.

       

      
        
          	No. W-___	
                  Number
                    of Warrants:

                

        

      

               

      BIRMINGHAM
        BLOOMFIELD BANCSHARES

      WARRANT
        CERTIFICATE

      

      This
        Warrant Certificate certifies that ____________________,
        or
        registered assigns, is the registered holder of a warrant to purchase the
        number
        of fully-paid and non-assessable shares of common stock, no par value of
        the
        Company (“Shares”) set forth above, at the exercise price, subject to adjustment
        in certain events (“Exercise Price”), of $12.50 per share
        (“Warrant”).

      

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

      

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

      

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

      

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

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

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

      

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

      

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

      

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

      

      Any
        notice or other communication required or permitted to be made by the Holder
        to
        the Company shall be in writing, duly signed by the Holder and shall be deemed
        delivered and effective when given personally or mailed by first-class
        registered or certified mail, postage prepaid to the Company, at 33583 Woodward
        Avenue, Birmingham, Michigan 48009 (or such other address as designated in
        writing to the Holder by the Company). A notice given to the Company by a
        Holder
        with respect to the exercise of this Warrant shall not be effective until
        received by the Company.

      

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

      

      Dated
        as
        of ________________, 200__.

       

      
        	 	
                BIRMINGHAM
                  BLOOMFIELD BANCSHARES

                a
                  Michigan corporation

                

                By:
                                                                                         
                  

                

                Name:                                                                   

                

                Title:                                                                     

              

      

      

      [SEAL] 

      

      Attest:
                                                                           
           

      Name:                                                                        

      Title:Unassociated Document

    Exhibit
      10.1 

     

    CONSULTING
      AGREEMENT 

     

    This
      Consulting Agreement ("Agreement") is entered into on this 1st day of August,
      2004, by and between Dan
      Hudson acting under the name of Bankmark & Financial Marketing
      Services
      ("Bankmark"), with offices at 15950
      North Dallas Parkway, Suite 525, Dallas, TX 75248
      and
Birmingham
      Bloomfield Bancorp
      ("Bank"), with organizational offices at 3707 W. Maple Rd., Bloomfield Hills,
      MI. Other references made to the term "Bank" represent the de novo bank and
      its
      Organizers. 

     

    The
      parties hereby agree as follows: 

     

    1. SCOPE
      OF THE ENGAGEMENT

     

    Bankmark's
      primary responsibility within the scope and term of the engagement is to provide
      project management, resource identification, and resource management in
      conjunction with the client and facilitate the capital acquisition phase of
      the
      project. Bankmark's role during the organizational phase usually is or can
      be:

     

    
      	 	
              •

            	
              Presentation
                with core group members of the opportunity to new perspective
                organizers/directors. It's Bankmark's success rate, performance,
                and clear
                understanding of the process that is articulated during these meeting.
                This establishes the credibility that most investors are seeking
                before
                they put any funds at risk. Bankmark provides a new group the ability
                to
                say. "We have with us as partners a firm that has been there and
                done
                that...and recently". 

            

    

    

    
      	 	
              •

            	
              A
                diverse group of industry experts in all areas required to open bank:
                corresponding bank relationships, project financing, equipment,
                technology, legal, accounting, operations, facilities that are capable
                of
                providing a turn key bank with custom features or select needs based
                on
                specific client request. It is important to real e that opening a
                bank is
                fur more complex a process and requires a different skill set than
                managing a bank on a day-to-day basis that is already in operation.
                

            

    

    

    
      	 	
              •

            	
              Over
                the years and especially more recently, organizers, directors, and
                management continuously infer we "help them see around the corner".
                Meaning that at any point during the process, we are able to advise
                our
                clients as to what's ahead and the impact of options being considered
                or
                plans in the queue. The process allows clients to more thoroughly
                evaluate
                an element under consideration that may not produce the result desired
                by
                the bank's organizing group. If necessary, the group is encouraged
                to
                visit banks which have recently opened to better understand the impact
                and
                ramifications of their own decisions.

            

    

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	 	
              •

            	
              Bankmark
                provides project management and tools, which allow the group to interact
                with their area of expertise or assignment in the project management
                process. Our client bank Project Management program use, as baseline
                data,
                our most recently completed projects' timeline information. This
                process
                assures all elements to opening in a timely manner and within budget.
                

            

    

    

    
      	 	
              •

            	
              The
                keystone to the Bankmark process is the capital acquisition programs
                built, supported, and implemented at each bank location by trained
                Bankmark staff. 

            

    

    

    
      	 	
              •

            	
              Determination
                of charter and review of new filing procedures by the OCC & FDIC
                in conjunction with the organizing group.

            

    

    

    
      	 	
              •

            	
              Discussion
                of facilities/locations.

            

    

    

    
      	 	
              •

            	
              Legal
                representation review and discussion which firms processed the last
                several applications.

            

    

    

    
      	 	
              •

            	
              Pre-opening
                budget discussion and review.

            

    

    

    
      	 	
              •

            	
              Identification
                and Recruitment of qualified Management Team for review with personnel
                committee and Board of Directors.

            

    

    

    
      	 	
              •

            	
              Preparing &
                building the management team for presentation to the regulatory agencies
                and submission of the application
                process.

            

    

    ü
      What
      role now during the organization phase

    ü
      What
      role when the bank opens

    ü
      When
      does the management team start... ideally 

     

    

    (This
      space intentionally left blank)

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2. CONSULTING
      FEES 

     

    Bankmark
      will design a marketing campaign to strategically support a public offering
      of
      $12-15 million to be made by the prospectus/offering and qualified with the
      State Department of Financial Institutions and/or the Office of the Comptroller
      of the Currency. Bankmark's professional fee for services is as follows:

     

    
      	 	
              •

            	
              The
                fee for facilitating a marketing capitalization campaign to support
                the
                public offering is $435,000. This is the total fee and there are
                no
                contingencies regarding its payment. All fees are due and payable
                in
                advance of the month the work is to be performed. All invoices for
                such
                fees and expenses are due no later than the third business day from
                receipt of invoice.

            

    

    

    
      	 	
              •

            	
              The
                fees shall be paid in the following incremental
                amounts:

            

    

    

    
      	
              Payment
                # 1

            	
               

            	
              $

            	
              9,000

            	
               

            	
              Month
                1

            
	
              Payment
                # 2

            	
               

            	
              $

            	
              9,000

            	
               

            	
              Month
                2

            
	
              Payment
                # 3

            	
               

            	
              $

            	
              9,000

            	
               

            	
              Month
                3

            
	
              Payment
                # 4

            	
               

            	
              $

            	
              12,000

            	
               

            	
              Month
                4

            
	
              Payment
                # 5

            	
               

            	
              $

            	
              12,000

            	
               

            	
              Month
                5

            
	
              Payment
                # 6

            	
               

            	
              $

            	
              18,000

            	
               

            	
              Month
                6

            
	
              Payment
                # 7

            	
               

            	
              $

            	
              36,000

            	
               

            	
              Month
                7

            
	
              Payment
                # 8

            	
               

            	
              $

            	
              60,000

            	
               

            	
              Month
                8

            
	
              Payment
                # 9

            	
               

            	
              $

            	
              60,000

            	
               

            	
              Month
                9l

            
	
              Payment
                # 10

            	
               

            	
              $

            	
              60,000

            	
               

            	
              Month
                10

            
	
              Payment
                # 11

            	
               

            	
              $

            	
              60,000

            	
               

            	
              Month
                11

            
	
              Payment
                # 12

            	
               

            	
              $

            	
              60,000

            	
               

            	
              Month
                12

            
	
              Payment
                # 13

            	
               

            	
              $

            	
              30,000

            	
               

            	
              1
                see
                note page 6

            
	
              Professional
                Fee Total

            	
               

            	
              $

            	
              435,000

            	
               

            	
               

            

    

     

    Bankmark
      may from time to time, based on project financing, defer a portion of a specific
      payment. At Bankmark's discretion the bank will be notified as to when the
      deferred amount is due. 

     

    3. EXPENSES
      TO BE PAID BY THE BANK 

     

    These
      expenses
      only represent an estimate.
      As each
      required service is negotiated with the selected firm or individual, an
      agreement or purchase order will be submitted to and approved by the Bank's
      Management in advance of any payment or commitment to pay. These agreements
      will
      be itemized and totaled in a report to management on a monthly basis to account
      for monies committed or owed against the estimated budget. In each and every
      case where a budget may
      be
      exceeded
      due to necessary changes
      in the regulatory process, additional events, or any other requirements required
      to support the Capital Acquisition Campaign, Management will pr-approve the
      new
      budget before it is incurred. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Projected
      Costs: 

     

    Bankmark's
      fees are disbursed monthly over the life of the project. Other costs are paid
      by
      the Bank but managed by Bankmark. As the Project Supervisor (PS) and/or Project
      Manager (PM) prepare to implement the various stages and expense items of this
      agreement, they will present to the Client a more detailed anticipated monthly
      expense of the various budget category line items of the Stocksale Expenses.
      These monthly presentations of anticipated expense will, in turn, be reviewed
      with Senior Management or the Project's designated representative every thirty
      (30) days. Items or services to be purchased on behalf of the Bank will
      be
      outlined in a contract or estimate form provided by the specific supplier and
      approved by Bank personnel prior to purchase of the item or service. Based
      on
      the assumption that the Bank will have to host approximately 65 investment
      meetings with an average attendance of 25 attendees to meet 1,625 (minimum)
      qualified investors, the following costs are projected: 

     

    Graphics
      Program Development 

     

    Logo,
      Letterhead, Business Cards, Envelopes, prospectus, promotional materials,
      organization website (design to production), no printing. At time of execution
      a
      supplemental contract will be presented to the Bank with a more detailed
      description of items and payment schedule.

    $27,000

    Part
      Time Support Staff 

     

    
      	
              Month
                4

            	
               

            	
              $

            	
              3,000

            
	
              Month
                5

            	
               

            	
              $

            	
              3,000

            
	
              Month
                6

            	
               

            	
              $

            	
              3,000

            
	
              Month
                7

            	
               

            	
              $

            	
              4,000

            
	
              Month
                8

            	
               

            	
              $

            	
              5,500

            
	
              Month
                9

            	
               

            	
              $

            	
              5,500

            
	
              Month
                10

            	
               

            	
              $

            	
              12,000

            
	
              Month
                11

            	
               

            	
              $

            	
              12,000

            
	
              Month
                12

            	
               

            	
              $

            	
              12,000

            
	
              Month
                13

            	
               

            	
              $

            	
              12,000

            
	
               

            	
              TOTAL

            	
               

            	
              $

            	
              72,000*

            

    

     

    The
      staffing budget only represents a monthly estimate. As we begin the hiring
      process closer to the stock sale campaign, we will present a more specific
      (weekly) cost per person spreadsheet for approval. 

     

    
      
        

      

    

    * This
      represents a current market estimate. An updated estimate will be prepared
      at
      beginning of hiring process. Payroll expense due net 15 days from date
      of
      invoice received. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    Food,
      Beverage, Facilities (based
      on approx. 65 events) 

     

    
      	
              Month
                8

            	
               

            	
              $

            	
              5,000

            
	
              Month
                9

            	
               

            	
              $

            	
              9,000

            
	
              Month
                10

            	
               

            	
              $

            	
              9,000

            
	
              Month
                11

            	
               

            	
              $

            	
              9,000

            
	
              Month
                12

            	
               

            	
              $

            	
              7,500

            
	
              Month
                13

            	
               

            	
              $

            	
              7,500

            
	
               

            	
              TOTAL

            	
               

            	
              $

            	
              47,000

            

    

     

    These
      amounts only represent estimates. As each month is planned in advance, the
      estimates will be recalculated on a per event cost. The event cost are also
      tracked weekly as each event occurs, cost are posted so at all times the PM
      and
      the client know exactly where the project stands in relationship to the budget.
      This is a cost category tracked jointly by the client and Bankmark.

     

    External
      Printing 

     

    • Invitations
      

    • Offering
      circular & all the packaging 

    • Presentation
      boards for investment meetings 

    • Letterhead,
      Business Cards. Envelopes 

    

    The
      quantities, paper specification, etc. will be bid out/estimated upon completion
      of the design phase. If possible Bankmark will secure a local printer provided
      the quality standards can be met in relationship to the budget. All print
      estimates and purchase orders will be signed and approved by the
      client.

    $30,000

     

    Internal
      Printing** 

     

    Internal
      Printing is a service provided by Bankmark whereby full digital color printing
      is needed only during the stock sale process. Some examples are Sponsor
      development handouts, Chairman Circle Advisory/Founders' Group Handout. Because
      Bankmark prints these files digitally in-house, the client is afforded a cost
      per piece savings in comparison to using a "Kinko's" of at least 50%. This
      in-house process allows Bankmark the ability to manage on behalf of the client
      ordering only what is needed on a weekly basis. Therefore, our quantity counts
      are low. 

    $7,500

     

    Marketing
      Promotions** 

     

    • The
      chairman's' circle /Founders coffee promotion 

    • Logo
      golf
      style shirts 

    • Other
      time recognition items 

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    The
      specifics (i.e. count. item, color specifications, set-up fees) will be outlined
      in a separate agreement for approval by bank/project management prior to
      beginning the events process. This will include all design, dye-cast, set-up,
      production and shipping requirements. 

    $21,000

     

    Speaker
      Honorariums**

     

    Speaker
      Honorariums are paid to any qualified industry expert identified by Bankmark.
      These individuals most likely have previous experience with the Bankmark
      program, content and format especially as it relates to regulatory dos and
      don'ts. They could be Robert Steiner, Dennis Ceklovsky, David Lakes, or any
      other speaker Bankmark deems acceptable. Each event fee is $450 per event (65
      events approx). At the end of each 15-day period during the events phase of
      the
      project, Bankmark and the Bank will review and reconcile the speaker honorariums
      to be paid for that period. 

    $29,250

     

    Public
      and Promotional Events 

     

    Public
      and Promotional Events are events "outside of the box" or a standard event
      whereby the event has a theme that is usually time sensitive, that a special
      guest speaker has been scheduled, the event requires a broader scope and scale
      or marketing to draw a larger qualified audience. Any event in this category
      budget is planned and approved by the bank organizers.

    $8,000

     

    These
      projected costs are based on the following assumption: 

     

     

    The
      most
      important factor in holding the events cost to a minimum is to maintain a high
      average attendance: 1) get them to an event and 2) follow up to gauge their
      interest within 24-48 hours. If our goal is a minimum of 1,625 qualified
      attendees and we maintain an average attendance of 25 per event, the Bank can
      reach its capitalization goal upon completion of the 65th
      event.
      The caveat is the follow-up by Directors and the Bank is imperative to the
      success of the Capital Acquisition Program based on these assumptions.

     

    1
      The
      final payment of $30,000 is due at the release of funds from the impound
      account, or 150 days from the effective date of the prospectus/offering,
      whichever first. It should be understood that receipt of the final payment
      of
      $30,000 is not contingent upon any conditions or performance. The final payment
      shall be considered a post-opening expense for accounting purposes and, although
      it appears in, is not included in the calculated total of the estimated
      pre-opening expense budget previously presented to the Bank.

     

    **Fees
      paid directly to Bankmark.
      An
      invoice along with any necessary supporting documentation will be presented
      to
      the Bank as each expense is incurred. These invoices are due net ten (10) days
      upon presentation.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    4. TERM
      

     

    The
      contract shall expire 150 calendar days from the effective date as published
      on
      the offering circular at 5:00 p.m. unless otherwise extended by
      mutual
      agreement, in writing. Any budgetary requirements associated with the
      continuation of said agreement will be outlined by Bankmark and pre-approved
      by
      the Bank or the Bank's representative before any work is continued. All
      extensions are in 30-day increments approved by both parties. Each 30-day
      extension is for the fee of $35,000. All fees for extensions are due at the
      beginning of the 30-day extension. 

     

    5. STAFFING
      REQUIREMENTS BY FMS/BANKMARK 

     

    Overall
      project responsibility on behalf of Bankmark will be carried out by Dan Hudson
      ("DH"), Beth Anne Caldwell (BA), Project Supervisor ("PS"), and Project
      Manager(s) ("PM"). During the period of time prior to beginning the investment
      meetings, a senior associate for Bankmark (PM, PS, DH) will meet with the
      Organizers or Management Personnel a minimum of once every two weeks for a
      project briefing and update session. A client conference report will be provided
      to outline the project timeline, responsibilities and resource requirements
      for
      the upcoming two weeks and anticipated monthly scheduling or participation
      required of Bank personnel or the organizing group. It is estimated that a
      senior associate (DH, RS or PM) will be on location a minimum of 3 days
      per
      week prior to the investment
      meetings beginning. The composition of Bankmark's management team will be
      further defined upon project commencement. 

     

    6. OTHER
      STAFFING REQUIREMENTS 

     

    All
      project employees will be made available by the Bank and will report directly
      to
      Bankmark's PM. The employer of this staff will be a 3rd
      party
      national employment agency firm, which will be approved of by the Bank and
      provide the Bank with a price break for budgetary purposes. It will also ensure
      that all local and state employment laws and requirements will be met. Their
      work scheduling, daily job responsibilities, and if necessary dismissal from
      the
      project are the responsibility of Bankmark's PM. Prior to any dismissal of
      a
      project employee, Bankmark will review the circumstances and conditions with
      the
      Bank Management concerning the employee and their recommendations, if any,
      for
      dismissal. In turn, Bankmark also recognizes the importance of congeniality
      between project staff and the Bank Management. Therefore, should
      conflict/tension between a specific project individual and the Bank Management
      arise, Bankmark encourages the Bank Management to immediately bring the
      situation to the attention of the PS or PM so that any necessary adjustments,
      employee-transfers, or even dismissal/termination be dealt with so that the
      flow/momentum of the project not be hindered. The determination of an hourly
      wage will be gauged and set by the PM based on the experience and skill
      necessary to perform their job responsibilities pursuant to the requirements
      of
      this Agreement. For example, regardless of policies established within the
      institution, Bankmark or organization/group will not employ $8 per hour fast
      food entry level personnel for positions which require data entry and sorting
      skills and/or meeting the public, i.e. a skill level of $12-$14 an hour (or
      prevailing wage). However, all expenditures of this nature will be within the
      budget described above unless otherwise agreed to in writing by each party.
      

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    Bankmark
      understands that Part-time/Temporary staff positions with no immediate offered
      benefits do not always attract "top" people as prospective project employees.
      Therefore, Bankmark will always attempt to first "pull-in" qualified personnel
      from other projects (whether in progress or recently completed) to staff a
      newly
      beginning project so that the level of experience and training is exemplary
      and
      consistent. A combination of experienced Bankmark personnel and new hires from
      the project's immediate area equate to a well-balanced on-site team essential
      to
      the success of the project. 

     

    It
      is
      important to note that typical "Bank" employees that may work for the
      institution post-charter normally do not have the skills set necessary for
      the
      types of employees Bankmark must solicit and engage to successful perform the
      duties as specified within the boundaries of this contract. From time to time,
      Bankmark may hire college or high school students, which could potentially
      be
      siblings of directors or others close to the project, but typically they are
      hired to perform what are considered "after-hours" or "summer-time" duties
      (See
      "Part-Time RSVP Callers" below). Because of the skill set necessary for the
      success of this project Bankmark and Client agree hat the policy not to hire
      directors' relatives, friends, etc. is appropriate. Hiring should be based
      on
      the skill set necessary to complete the job.

     

    The
      staff
      payroll will be managed by the PM a Bankmark person familiar with the firm
      that
      pays the employees. Invoices are processed through Bankmark's Payroll Manager,
      approved by the PM and presented to the client. The client must pay for these
      outside services net 15 days of presentation. 

     

    Other
      part time staff or FTE's (Full Time Equivalent) time has been allocated pursuant
      to the project budget. Some staff members do not work on site at the
      organizational office but at Bankmark's office in San Luis Obispo, CA. This
      provides consistency from project to project, access through universities for
      data entry personnel or other essential personnel that Bankmark does not have
      to
      hire, train, and release as a project ends. Instead it provides Bankmark's
      clients by spreading out the part time hours needed to support all of Bankmark's
      projects. 

     

    For
      many
      banking professionals not being able to "see" an individual causes concern
      when,
      in fact, it is the work to be produced in total and in relationship to the
      specific juncture. Example: Some days the data entry personnel are completely
      inundated with roster entry and proofing 3-4 staff members. The next day the
      entire off site office group is consumed with one project. Over all what this
      systems provides
      (and within a more managed budgetary process) is the human resource component
      consistently but on call without the project staff on site being
      inflated.

     

    Part-time
      RSVP Callers:  Telephone
      calls to invite critical leads, close friends and personal business relations
      are best made by the Organizer. However, based on the fact that there are other
      time commitments by the Organizers, it may be necessary from time to time to
      employ RSVP callers. These are hourly employees used only during the events
      phase and not continuously. If it is necessary to employ these individuals,
      a
      budget will have to be established. This should only be a hack-up contingency.
      

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    7. FACILITY
      REQUIREMENTS 

     

    The
      Bank
      must provide a working location to support a full time staff of 4-6: 1 senior
      associate, 1 PM and part time people. It should comfortably sustain four desks
      and the necessary number of working tables and chairs for processing the events
      material. (900-1,500 square fee exclusive). The facility shall be secured,
      well
      lighted for access 24/7. Unless otherwise noted by memo or addendum, the
      computer equipment that is supplied is the property of Bankmark. Bankmark and
      its personnel will not be restricted in any manner from access to its equipment
      or otherwise. 

     

    8. MISCELLANEOUS
      EQUIPMENT & SUPPLIES 

     

    The
      PM
      and support staff must have access to a minimum or 6 phone lines which are
      not
      too heavily used by other Bank operational needs, plus one dedicated high speed
      data line (DSL/Cable modem) and one dedicated fax line. The staff must also
      be
      provided with a designated fax machine and copier, which are needed for reports
      required to keep Organizers and Bank Management updated with current potential
      shareholder names and event schedules. There is also a significant amount of
      copying required in the database management and the reporting function. The
      project also requires a varying amount of office supplies; pens, pads of paper,
      computer paper, etc., which will be ordered by the PM through the Bank's
      supplier. There are monthly phone charges for sending data via modem between
      Bankmark's data center and the Bank's onsite computer systems. These line
      charges will be billed monthly with copies of the charges from the phone bill.
      There will be monthly charges for Fed Ex/UPS regarding overnight shipping of
      data entry work, lists or supplies. 

     

    8.1 

     

    The
      procurement of supplies to maintain the project's readiness will be maintained
      by the PM. The Bank will establish a business account will Office Depot, Office
      Max, Staples or an equivalent. When supplies are needed the PM will put together
      a supply request form to be approved by Senior Management. Upon approval by
      the
      Bank, the PM will procure the materials and maintain an inventory for the
      project. 

     

    9. CONFIDENTIALITY
      OF INFORMATION 

     

    Without
      the prior consent of the Bank, Bankmark shall keep confidential shall not
      disclose to any third party any of the database or project files or any
      financial or other information relating to the Bank, which is not already within
      the public domain. From time to time during the "events" phase of the project,
      Financial Marketing/Bankmark may invite guests to observe an event. These guests
      may he other consultants or bank directors and officers from another bank.
      The
      Bank will not unreasonably restrict Bankmark in allowing its guests to attend
      and observe the process.. If the prospective guest(s) are from the Northeastern
      area of the United States, Bankmark will inform the client. The client and
      Bankmark will then select a meeting in which these local guests may
      attend.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    10. RESPONSIBILITY
      AND ACCOUNTABILITY 

     

    To
      assure
      fulfillment of the requirements within this Agreement, the Bank and/or
      Organizers of the Bank will designate one individual to work directly with
      Bankmark in the management and implementation of this Agreement. The contact
      person is Robert Farr.

     

    
      	
              11.

            	
              ACCESS
                TO MATERIALS NECESSARY TO FILL THE TERMS OF AGREEMENT
                

            

    

     

    The
      Bank
      will supply Bankmark with necessary copies of documents to develop the "sales
      story" for the investment meeting presentation and development of the director
      training materials, i.e., the FDIC application, the state application, business
      plans, strategic plans, etc. 

     

    OTHER
      COVENANTS PROVIDED BY CLIENT 12-22 

     

    Bankmark
      hereby warrants and represents that Bankmark shall: 

     

    12. 

     

    On
      a best
      efforts basis with client adherence to the terms and recommendations, work
      diligently to implement all items discussed herein. 

     

    12.1 

     

    Not
      assume or create any obligation for, or on behalf of, or in the name of, or
      in
      any way bind, the Bank except as expressly provided by this Agreement.

     

    12.2 

     

    Engage
      in
      no conduct in the performance of this Agreement that reflects unfavorably on
      the
      Bank. 

     

    12.3 

     

    Agree
      to
      defend, indemnify and hold harmless Bank and each of its Organizers, and their
      successors and assigns, from and against any and all liability, damages, fees,
      including reasonable attorneys' fees, and expenses whatsoever, resulting,
      directly or indirectly, from any claim or demand of any kind or nature,
      resulting from the wrongful actions, negligence, errors, omissions or
      misstatements of Bankmark, its officers, directors, employees, agents or
      contractors in connection with Bankmark's performance of its obligations under
      this Agreement; provided, however, that Bookmark shall not be liable under
      this
      section for the wrongful actions, negligence, errors, omissions or misstatements
      of Bank, its Organizers, employees, agents or contractors. This indemnification
      shall survive the expiration err earlier termination of this
      Agreement.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    12.4 

     

    Defend,
      indemnify, and hold harmless the Bank and each of its organizers from any and
      all liability, claims, demands, suits, costs, charges. and expenses, including,
      without limitation, attorney's fees incident to any claim, loss, damage, or
      injury to the person or property of Bankmark and Bankmark's agents, employees
      and/or contractors, or to the person or property of anyone injured through
      the
      acts or omissions of Bankmark or of agents employees, or other persons acting
      on
      Bankmark's behalf; except for other firms or employees contracted directly
      with
      the Bank or Organizers. 

     

    12.5 

     

    Bankmark
      warrants and represents that it has the necessary personnel, experience,
      expertise and ability to successfully organize, implement and promote the Bank
      in accordance with the budget. 

     

    13. OWNERSHIP
      OF MATERIALS 

     

    Rights
      of
      ownership and reproduction of materials supplied by Bankmark remain solely
      with
      Bankmark. This includes proprietary methods, training materials, handouts and
      evaluation tools used during the implementation
      of this Agreement. Any materials developed specifically for the Bank, i.e.
      logos, corporate identity package, signage, etc. belong to the Bank when all
      monies owed as a result of this work have been paid by the Bank as prescribed
      within this Agreement. Any other work, which may be developed for the Bank
      such
      as promotional materials, etc. ownership licensing rights or rights of
      reproduction will be outlined and agreed to by each party before said work
      begins or is produced. Any creative materials which are developed by Bankmark
      or
      any subsidiary group (Financial Marketing Services, ebankmarketing.com, etc.)
      or
      any of the firms' affiliate websites may depict any and all of these materials
      produced and a narrative of the project's objectives and accomplishments as
      part
      of a "print" or "on-line digital" portfolio and may include (but are not limited
      to) marketing materials, graphics, and websites. 

     

    13.1 BANKMARK
      COPYRIGHTS & PATENTS 

     

    During
      the course of the consulting engagement, Bankmark will as part of its
      responsibility make available or provide materials to the organizers, directors
      and management team. These materials are only for the specific purpose of
      managing, tracking, education and training. They are not to be copied or
      distributed outside the immediate group of organizers, directors, management
      and
      staff. These materials are for internal use only. Should they be mistakenly
      used
      during the capital acquisition phase of the engagement, the project members
      of
      the group could be put at risk. These educational materials are for the sole
      purpose of training and may not be used for sales or solicitation of prospective
      shareholders. These materials and the process they represent are proprietary
      to
      Bankmark and are protected by copyrights. 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    The
      database application program is owned by Bankmark. In the case of a de novo
      Bank
      whose current staff possesses the skills and talents to copy, modify, change
      or
      duplicate the application program, the Bank directors and management must assure
      Bankmark that no efforts by said staff will occur. 

     

    At
      no
      time while Bankmark is actively engaged in the project or upon its completion
      will the software application program be modified, duplicated, copied or changed
      without our prior written approval. 

     

    The
      lists, rosters, critical leads, or any materials supplied to Bankmark for the
      development of the database is the property of the group and or individual
      who
      provided the materials. Upon completion by the staff of use of this material
      it
      will be returned to the individual whom it belongs. The completed database
      will
      become the property of the bank upon completion of the project and fulfillment
      of the terms specified in this agreement. 

     

    14. NON
      COMPETE 

     

    Bankmark
      is currently working and meeting with other organizing groups in other areas
      of
      the United States and it is not our practice to provide non compete covenants
      during organization, as groups can end their organizing efforts at anytime
      by
      electing not to finish the project. Bankmark does allow that we will not seek
      out new bank business in the primary market area as to be defined by the charter
      bank application, which may include the following areas: Southeastern Michigan
      for the duration of this de novo bank project. Upon completion of the bank
      project, for the period of one (1) year Bankmark maintains that they will not
      enter the Bank's market area for like work regarding organizing, chartering,
      and
      facilitating a de novo bank coming to market. Should the Bank upon opening
      use
      Bankmark to provide marketing programs and services, a limited noncompete
      agreement can be developed pertaining to the Bank's immediate marketing
      area.

     

    15. ASSIGNMENT
      

     

    Except
      as
      provided herein, this Agreement or any rights or obligations hereunder may
      not
      be assigned by either party without the prior written consent of the other
      party. 

     

    16. SURVIVAL
      

     

    Paragraphs
      9, 12, 13 and 14 shall survive the expiration or termination of this Agreement.
      

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    17. AMENDMENTS
      

     

    This
      Agreement may be modified in writing only, and cannot be changed orally.

     

    18. COMPLETE
      AGREEMENT 

     

    This
      contract is the entire and only agreement between the parties. The contract
      replaces and amends any previous agreements between the parties. This contract
      can only be changed by agreement in writing signed by both parties.

     

    19. PARTIES
      LIABLE 

     

    This
      contract is binding upon all parties who sign it and all who succeed to their
      rights and responsibilities. 

     

    20. NOTICES
      

     

    All
      notices under this contract must be in writing. The notices must he delivered
      personally or mailed by certified mail, return receipt requested or Fed-Ex/UPS
      Next day to the other party at the address written in this contract, or to
      that
      party's attorney.

     

    21. CHOICE
      OF LAW 

     

    The
      terms
      of this contract shall be interpreted under the laws of the state in which
      the
      Application is filed. 

     

    22. SEVERABILITY
      

     

    If
      one or
      more of the provisions of this contract are deemed invalid or illegal the
      remainder of the contract shall survive. 

     

    23. ADDITIONAL
      TERMS OF THE CONSULTING AGREEMENT 

     

    
      	
              •

            	
              Bankmark
                shall be available to meet with any regulatory agencies or the Bank's
                attorney as needed to effectively implement the requirements of this
                Agreement. 

            

    

    

    
      	
              •

            	
              Upon
                completion of the public offering, Bankmark will provide a written
                action
                report on issues concerning the de novo bank in the areas of product
                development, delivery systems, and topical marketing needs based
                on
                current trends experienced during the campaign. This written report
                will
                be followed by an oral presentation by Hudson & Steiner to the
                Board of Directors. This is not to be confused with a marketing plan
                but
                rather it report on issues and
                recommendations.

            

    

    

    
      	
              •

            	
              The
                parties agree that the Bank or Bankmark may require that any controversy
                or claim arising out of or relating to this Agreement, or the breach
                thereof, will be settled by arbitration in accordance with the Rules
                of
                the American Arbitration Association in effect at the time that the
                controversy or claim arises, and judgment upon the award rendered
                by the
                arbitrator may be entered in any court having jurisdiction thereof.
                The
                forum for any such arbitration proceeding shall be at the local office
                of
                the Judicial Arbitration Mediation Service nearest to the headquarters
                of
                the -Bank. 

            

    

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
      	
              •

            	
              Should
                any legal action or arbitration proceeding be brought in connection
                with
                any provisions of this Agreement, or to collect damages for either
                the
                breach of any term of this Agreement or false representation or warranty
                given in connection with this Agreement, the prevailing party shall
                be
                entitled to recover all reasonable attorney fees, and costs and expenses
                actually incurred in such action or proceeding.

            

    

    

    
      	
              •

            	
              Significant
                suppliers of' goods or services shall be approved jointly by Bankmark
                and
                the Bank-
                to
                assure the greatest possible success. If the Bank requires the specific
                use of a supplier, the Bank will assume all responsibilities for
                delivery
                of those specific goods and services, and any delays or problems
                caused by
                use of said supplier. Bankmark's purchasing strengths due to its
                long term
                relationship with many suppliers provides clients with the advantage
                of
                special pricing, i.e. reduced fees, or better terms, i.e., delayed
                partial
                payment until release of Funds from the impound account. While all
                contracts negotiated with any provider of goods or services and approved
                by the client, any firms or individuals that are providers of these
                services on an ongoing basis for Bankmark are managed by Bankmark
                with
                oversight by the organizers during the term of the engagement. It's
                this
                leverage and tie to responsibility that allows Bankmark to procure
                and
                expedite service to its clients. Bank-mark shall not accept any gratuity,
                rebate, fee, non-cash trade, commission or any-
                other direct or indirect accommodation as it pertains to providers
                of
                goods or services used to implement the work as prescribed herein.
                Bankmark maintains an ongoing marketing relationship which may include
                fee
                for referrals, shared marketing and promotional costs for workshops
                and
                seminars with, but not limited to, the following firms: 1) Foster,
                Pepper & Shefelman PLLC, 2) East Point Technologies,
                3) Midwest Bankers, Jenkens & Gilchrist, 4) Brooks,
                Pierce, McLender, Humphrey & Leonard LLP, 5) Information
                Management Technologies, 6) TIB, 7) Aldrich & Bonnefin.
                8) Steiner & Associates, 9) UH2 Consulting Company,
                10) Bankers' Compliance Group, 11) WIB,
                12) Stevens & Lee, 13) Goodwin & Procter,
                14) Powell, Goldstein, Frazer & Murphy. Should the bank
                elect to engage the services of any of these professional organizations,
                it is the responsibility of the bank to conduct their own thorough
                evaluation of the services to be provided.

            

    

    

    
      	
              •

            	
              Speaker
                honorariums and travel expenses can become very costly. It is Bankmark's
                intent to provide the best resource to accomplish this task. To have
                a
                celebrity speaker for each function of the estimated 80+ functions
                would
                be cost prohibitive. When applicable, Bankmark will use bank directors
                from other institutions, industry observers, and in many cases, Robert
                Steiner. Mr. Steiner's relationship as a speaker is separate
                from
                that of services provided directly by Bankmark. As a speaker,
                Mr. Steiner is paid by the Bank from the estimated budget
                for speaker
                honorariums or any other individual designated by Bankmark as appropriate.
                Because speakers must set aside the time to meet the requirements
                of the
                scheduled meetings, if for any reason the meetings are canceled,
                they
                are
                paid accordingly. If canceled within 48 hours notice, 50%
                of the
                speaker honorarium is due. If canceled 24 hours prior to the
                meeting,
                the entire fee is due. 

            

    

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    
      	
              •

            	
              Let
                it be understood that Bankmark does not participate directly or indirectly
                in any sales transaction between the Bank and prospective shareholders,
                nor will it solicit subscription agreements or collect monies for
                prospective shareholders in connection with such activity. Because
                Bankmark is not an agent for the Bank or the de novo bank, or making
                representations as an agent, the Bank agrees to indemnify and hold
                harmless Bankmark from and against any and all damages, loss, cost
                expense, obligation, claim or liability, including but not limited
                to
                attorney fees and expenses, arising as a result of the Bank making
                said
                offering. 

            

    

    

    
      	
              •

            	
              The
                scope, nature and details of the consulting services provided by
                Bankmark,
                as well as the identity and background of the parties Bankmark introduces
                to the Bank, will not be divulged to anyone other than those directly
                representing the parties to the transaction and unless otherwise
                required
                by applicable law. 

            

    

    

    
      	
              •

            	
              During
                the term of this Agreement should Dan Hudson/Bankmark become incapacitated
                and unable to direct this project in any manner, Robert Steiner will
                complete the project as prescribed herein and the Bank will pay to
                Mr. Steiner any forthcoming payments. Notification to enact
                this
                specific condition of the Agreement will be in writing by Mr. Hudson
                or his estate representative for Bankmark. If the Bank does not elect
                to
                have Mr. Steiner complete the project, all monies owed Bankmark,
                are
                still due and payable as prescribed herein.

            

    

    

    
      	
              •

            	
              Bankmark
                works for and at the sole discretion of the Board of Directors. If,
                at any
                time, Bankmark believes the group needs to receive information or
                be
                informed of any detail affecting the project, Bankmark will not be
                denied
                access to the group in any manner. 

            

    

     

    The
      parties have executed this Agreement to be effective as of 8/1/04 (the "Start
      Date"). 

     

    
      	
              Financial
                Marketing Services Bankmark

            	
               

            	
              de
                novo Bank

            
	
               

              /s/
                DAN HUDSON 

              
                

              

            	
               

               

            	
               

              /s/
                ROBERT E. FORR

              
                

              

            
	
              Dan
                Hudson, Owner

            	
               

            	
              Bank
                Representative

            

    

    

    

    (This
      space intentionally left blank)

    
       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

    

    ADDENDUM

     

    This
      Addendum is attached and made part of that certain Consulting Agreement by
      and
      between Dan
      Hudson acting under the name of Bankmark
      ("Bankmark") and Birmingham
      Bloomfield Bancorp ("Bank")
      dated August 1, 1004.

     

    OUTLINE
      PROJECT CAPITALIZATION PROCESS

     

    
      	A.	
              Strategic
                Capitalization Plan, 

            

    

    

    
      	B.	
              Public
                Relations, 

            

    

    

    
      	C.	
              Events
                Management and Speaker Coordination,

            

    

    

    
      
        
          	D.	
                  Director/Senior
                    Management Training on How to Present the Independent Bank as
                    an
                    Investment Opportunity,

                

        

      

    

    

    
      
        
          	E.	
                  Shareholder
                    Database Management and Computer Equipment,

                

        

      

    

    

    
      
        
          	F.	
                  Consultation
                    regarding the development of marketing communication materials,
                    

                

        

      

    

    

    
      
        
          
            
              	G.	
                      Writtenopinions,
                        observations, and oral presentations on strategic issues
                        concerning the
                        Bank will presented during the engagement period. A marketing
                        opinion
                        paper will be presented to Directors and Senior Management
                        at the
                        conclusion of the campaign.

                    

            

          

        

      

    

     

    A.    STRATEGIC
      CAPITALIZATION PLAN 

     

    The
      success of any capitalization effort is the strategic plan which, when
      developed, is built on the realistic abilities of each Director's strengths,
      weaknesses, opportunities and threats. This plan is developed only after a
      series of personal interviews with each Director. 

     

    The
      elements of each Director interview is quantified, weighted and formulated
      in a
      matrix format. This allows Bankmark to develop a capitalization plan based
      upon
      the expected, collective contributions of the Director Group and Senior Bank
      Management. It allows for the optimization of each individual's effectiveness
      based on their available time, sphere of influence, sales abilities and other
      critical factors. 

     

    The
      capitalization plan is designed to meet the Bank's required capital needs in
      increments, based on how focused Management and the Director Group is and how
      quickly they wish to proceed. The group will have an opportunity to contribute
      its input before the plan is finalized. During the development of the
      capitalization plan, Bankmark will meet with the de novo bank's representative
      every thirty days (or as needed) to review Bankmark's progress, share any
      concerns, or discuss possible requests for assistance the Bank and Organizers
      of
      the de novo bank may have. Within a reasonable time from the start date of
      the
      Consulting Agreement, Bankmark will submit to the Organizers a written report
      of
      its assessment of the organizing group and where it sees the de novo bank within
      its marketplace, but before the capital acquisition program. This report will
      also include a detailed strategic capitalization plant with a proposed events
      calendar. It should be noted that change might occur in the plan based on input
      from Bank Management, the approval of the offering and its anticipated effective
      date. Upon the final review by Bank Management and the incorporation of any
      changes, Bankmark will present the capitalization plan during the Director
      and
      Senior Management Training Session. 

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    Monthly
      project review and assessment by Bankmark and a representative of the Board
      of
      Directors is important to assure the ongoing success of the capitalization
      program. This forum will allow Bankmark to review with the Banks
      representative's issues or concerns regarding the performance of key individuals
      and the program's effectiveness and efficiency according to the project
      timeline. This review process is most critical during the events phase of the
      program. This forum allows the Organizers the opportunity to critique Bankmark's
      performance and make recommendations for change or request additional
      assistance. During this review session, the Directors and Bankmark can openly
      review in confidence the efficiency reports provided by Bankmark (see
      Section C, Monitoring
      the Events Performance).
      This
      review process assures the Bank the opportunity for direct input and hands-on
      participation in the effective completion of the capitalization program.
      Conversely, Bankmark can, at these meetings, also present requests for any
      additional resource allocation the project may require. 

     

    B.    AVAILABLE
      PUBLIC RELATIONS OPPORTUNITIES 

     

    • Newspapers,
      

    • Local
      Financial TV news, 

    • Professional
      and public service organizations to which Directors belong, 

    • Scheduled
      events, 

    • Materials
      published by the Bank, 

    
      
        • 
          Any
          other
          communications vehicle, which is in regulatory compliance during the
          capitalization phase. 

      

    

     

    Public
      relations are critical to the success of any capital acquisition campaign.
      Using
      the local media to increase public awareness of the Bank's future plans, its
      Management, the business and economic outlook, and other information will
      position the Bank and entrance its community image. Bankmark's public relations
      activities will not unreasonably be restricted by Bank Management or the Board
      of Directors in any manner. 

     

    No
      single
      media vehicle is completely effective in telling the Bank's story. An integrated
      and balanced approach must be used. A considerable increase in the level of
      public awareness needs to occur within both the public and professional spheres
      of influence of the Bank. This must all be in place before the events process
      begins. 

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

     

    Bankmark
      designs, manages, and facilitates this integration process subject to the
      approval of the Bank (the direct costs of any artwork or printing are separate
      items). A review of the public relations materials enclosed in Bankmark's
      initial capabilities presentation will illustrate to Management how scheduled
      events, coupled with the public relations function, enhance the public's
      awareness of the investment opportunity. Any public relations material developed
      by Bankmark on behalf of` the Bank is not released until Bank Management has
      reviewed and approved it. A member of Senior Management is present at all
      meetings, which Bankmark may schedule between the Bank and area newspapers,
      publications and other media. The Bank and Bankmark agree to work jointly on
      all
      public relations efforts. 

     

    C-1.    EVENTS
      MANAGEMENT AND SPEAKER COORDINATION 

     

    Bankmark's
      proven formula for success enables the Director Group to present the investment
      opportunity to qualified individuals through a series of hosted events. Each
      event features a financial expert who addresses the investment opportunity
      in
      several ways. In the case of the Bank, there must be a concerted effort to
      reach
      the required capital level in the shortest period of time possible. Bankmark
      is
      responsible for scheduling and managing the financial industry experts and
      providing the PM. 

     

    Events
      Process Management.    Bankmark's
      proven strategy for capital acquisition includes the manner by
      which
      each
      prospective investor is invited to, and processed during, the events phase
      of
      the campaign. Invitation processing, facilities management, greeting guests,
      presenting the investment opportunity, and coordination of guest speakers are
      managed solely by Bankmark. This process is explained thoroughly during the
      Director and staff training modules. All local customs and/or community
      traditions are respected and incorporated into the process. However, Bankmark
      upon concurrence of the Bank, determines the final components and sequence
      of
      events during the stock sale campaign. This includes the use of outside industry
      observers/speakers. This component of the Bankmark process cannot be changed
      without full agreement, in writing, by Bankmark (The organizers and directors
      are restricted as to what they can and cannot say during the offering period).
      

     

    To
      provide assurance that the project proceeds in a timely manner and the client
      has a record of important elements affecting the project, a weekly status report
      log is
      maintained by Bankmark. Copies of the log are presented weekly by the PM to
      the
      Bank's designated Client Resource Manager. This report gives a detailed
      breakdown of all part-time employees, their hours and costs, any increases
      or
      changes made in the database and personnel scheduling during the events phase.
      This enables the Client Resource Manager to approve the previous week's staff
      allocations, schedule their personnel for the corning week and make any
      necessary adjustments. 

     

    Monitoring
      the Events Performance.    Upon
      completion of each weeks events, a thank-you letter is sent to each attendee.
      Accompanying the letter is an attendee- questionnaire. This allows Bankmark
      to
      measure all aspects of the events process, especially the follow-up phone calls.
      Each week during the events process, Bankmark provides Management with an
      event-by-event synopsis table. This table tracks elements such as the ratios
      of
      RSVP's to Shows and Mailed to Shows, etc. These timely monitoring tools keep
      Management and Bankmark apprised of all aspects of the events process.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    C-2.    PUBLIC
      AND PROMOTIONAL EVENTS 

     

     

    In
      addition to the standard investment opportunity meetings, breakfast, lunch
      and
      evening refreshments, and hors d'oeuvres, the project may require the
      development of public and promotional events. These public and promotional
      events are usually hosted by the Bank to attract specific target market
      segments, for example: 

     

    A.
      Physicians—flow
      to make money in a managed care environment 

    B.
      Small
      Business Professionals—Getting your Banker to say "Yes" 

    
      
        C.
          Or
          events
          targeted to women, minorities, special interest groups, or any market segment
          necessary to attract investors 

      

    

    D.
      Wealth
      Building and/or Financial Planning 

    E. The
      State
      of the Economy and Your Business 

     

    It
      is not
      possible to determine now at the inception of this working Agreement what type
      of public and promotional event(s) may be necessary or how many
      public
      and promotional events will be needed. If these types of events are determined
      to be necessary during the development of the Capital Acquisition Program
      strategy or later, during its implementation, Bankmark will meet with Bank
      Management to discuss the recommendations and develop a budget accordingly.
      The
      public and promotional events have been essential during Bankmark's last four
      projects to raise significant awareness regarding the:

     

    a) offering
      circular 

    b)
       help
      close the offering circular by creating a sense of urgency 

    c) creating
      greater visibility with businesses and professionals 

     

    C-3.    GUEST
      SPEAKER/INDUSTRY EXPERT 

     

    This
      working Agreement provides for the requirement of industry experts to be present
      during the Bank's hosted or sponsored investment opportunity meetings. In
      planning for the estimated 105 meetings, Bankmark (Steiner, Ceklovsky, or any
      other speaker approved by Bankmark) may function as the industry experts. The
      speaker honorarium fee is $450 per investment meeting with a minimum of two
      meetings on a scheduled event day. To provide the Bank with the best possible
      coverage for presentation, Bankmark will, in addition to the scheduled
      investment opportunity meetings, allow the Bank to schedule and facilitate
      Speaker Days.
      Within the two event-minimum day, the Bank may also schedule a round
      table
      discussion with six to nine guests or one-on-one meetings with Founders or
      significant investors. Within a Speaker Day, a schedule could be two standard
      investment meetings, lunch-evening, to include a breakfast round table with
      two
      one-on-one meetings, or a total of five (5) meetings during the day.
      

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

     

    D.    DIRECTOR,
      MANAGEMENT AND STAFF TRAINING 

     

    Bankmark
      conducts a series of Director interactive workshops for Organizers and Senior
      Management, and two Management Workshops (see Exhibit). The objective of this
      workshop is to assure that each participant involved in the Capital Acquisition
      Campaign has current information on the industry in general and the performance
      of independent banks in particular. This data is consistent with the information
      presented at the investment meetings. Workshops are conducted at a mutually
      acceptable time prior to the offering effective date. These workshops take
      place
      during work hours, evenings and at least one weekend. It is imperative that
      those involved in the selling process be required
      to
      attend all training and sales meetings. If, after the completion of these
      workshops, one or two individuals require additional training, Bankmark provides
      for that. Notice for the workshop series is given three weeks in advance of
      the
      date scheduled. Any make-up session is conducted by Bob Steiner for a fee of
      $2000 and paid at the release of funds from the impound account. 

     

    Sales
      meetings arc very important in order to evaluate each team member's progress,
      to
      discuss common issues or concerns and to allow Bankmark to monitor the group's
      weekly follow-up. These meetings are mandatory and the Bank supports this
      schedule and allows sales team members to attend (see attached). Exhibit #1.
      

     

    E.    DATABASE
      MANAGEMENT AND COMPUTER EQUIPMENT 

     

    Each
      Director provides the names of key contacts for potential shareholders, A rule
      of thumb is that for every million dollars of capital needed, the Bank needs
      1500 qualified names, which later become the Banks base for business development
      activity. Bankmark works with each Organizer and member of-Bank
      Management to develop a database sufficient to meet the capital requirements.
      The Bank must provide sufficient physical space to accommodate the tactical
      support staff,: computers and phones as well as necessary parking in a safe
      area
      for all staff. 

     

    Database
      Ownership:    Bankmark
      develops and manages the database with text files in Microsoft Access 2000.
      Upon
      completion of the capitalization project, the Bank-
      may
      purchase MS Access (from any supplier) and Bankmark will transfer the data
      files
      to the Bank's computer upon final receipt
      of all
      monies owed on the contract; addendum, or extensions. If Bankmark changes the
      database applications software during the capital campaign, the Bank may be
      required to buy, from a computer supplier of their choice, a single-user version
      of the new software. Upon receipt of final payment for the contract, Bankmark
      will install its customized applications on the Bank's system only in the event
      that the Bank has provided the required
      software to complete the
      conversion. During the duration of the project, Bankmark will instruct one
      individual from the Bank; on how to access and retrieve data from the Bank's
      files. This individual will be provided the security access code for the Bank's
      files. No other Bank individual will have direct access to tits: files during
      the stock sale campaign. This will insure that there will be little chance
      of
      contaminating or dancing the files. The Bank will be provided a "How-To Guide"
      in the capabilities of their new database at the end of the project.

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

     

     

    The
      parties have executed this Addendum to be effective as of August 1,
      2004
      (the "Start Date"). 

     

    
      	
              Financial
                Marketing Services Bankmark

            	
               

            	
              de
                novo

            
	
               

              /s/
                DAN HUDSON 
                

              

            	
               

               

            	
               

              /s/
                ROBERT FARR

              
                

              

            
	
              Dan
                Hudson, Owner

            	
               

            	
              Bank
                Representative

            

    

    

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    
       

    

    Exhibit
      #1

    The
      Director's Pack

    A
      Series of interactive workshops

    Facilitated
      by Bankmark

     

    Bankmark
      is committed to preparing its clients to best formulate and implement the
      strategies and actions which will ensure that the resources of the organizers
      of
      de novo banks are expended in the most efficient and cost effective fashion.
      To
      that end, as part of Bankmark's Capital Acquisition Program, we have developed
      a
      series of workshops which prepares the proposed Organizer/Director/Management
      to
      deal effectively with not only the placement of stock but the critical issues
      and skills required to carry out their duties and responsibilities are
      representatives of their shareholders and depositiors. 

     

    The
      series is designed to, raise the participant's awareness and guide, educate
      and
      expose them to the critical skills and competencies necessary to not only
      successfully place the stock but to make sound decisions and lead the bank
      to
      profitability after it opens. Below is a brief description of each workshop.
      

     

    wDirector
      Orientation:    (Workshop
      #267-DO)
      this
      series of five workshops are designed to prepare the Organizers and officers
      on
      how to most effectively participate in the Capital Acquisition campaign. During
      these sessions, we set the tone of the campaign and define the stock placement
      methodology. The program is designed to enable the participant to become
      comfortable with the tools available to them and to anticipate the prospective
      shareholders questions and move comfortably to close the sale. The content
      is
      designed so that the "non-salesperson" will quickly reach a level of comfort
      when discussing the bank's investment opportunity. The length of each session
      is
      approximately 4-6 hours and scheduled at the convenience of the client.
      

     

    Session
      #1—The Basics 

     

    • Sponsors,
      criteria, profile and locations for an investment meeting 

    • The
      anatomy of a typical investment meeting 

    • An
      overview of the banking industry in the State 

    • Current
      trends in community banking 

    • Selected
      operating data of solid performing community banks 

     

    Session
      #2—The Nitty-Gritty 

     

    • Developing
      a common language 

    • Reaching
      consensus on the approach to industry and local issues 

    • Commonly
      asked questions (and the effective responses) 

    • Overcoming
      objections to the sale 

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    Session
      #3—Closing Techniques (2-3
      weeks into the campaign) 

     

    
      	 	
              •

            	
              Progress
                review and table exercises designed to share experiences and help
                each
                organizer to better present and interact with prospective shareholders
                and
                close the sale 

            

    

     

    Session
      #4—Make up Session 

     

    
      	 	
              •

            	
              For
                those who may have missed a previous workshop or for those who what
                a
                "refresher". 

            

    

     

    Session
      #5—The Partner Session 

     

    
      	 	
              •

            	
              A
                special session for the organizer's "partner", (husband, wife, or
                significant other). The organizer's "partner" may well be involved
                in
                hosting an investment meeting, developing lists of potential attendees,
                etc. For those who may not be directly involved, at the very least
                they
                will be effected somewhat by the Organizer's time commitment during
                the
                stock sale. Therefore, it helps them to have some understanding of
                the
                commitment, process and implications pf the capital campaign (attendance
                is optional and usually centered around a lunch). It is approximately
                2 hours in length. 

            

    

     

    wDirector
      101:    (Workshop
      #303)
      designed
      for the proposed director who has not previously been involved in guiding the
      destiny of a financial institution. This is an overview utilizing workbooks,
      supporting documents and regulatory guidelines, which enables the director
      to
      prepare for the duties and responsibilities they have accepted. The length
      of
      the session is approximately 4-6 hours. 

     

    The
      critical issues covered: 

     

    
      	 	
              •

            	
              Understanding
                the operating environment 

            

    

    
      	 	
              •

            	
              Working
                with the regulators 

            

    

    
      	 	
              •

            	
              Working
                with and retaining quality management

            

    

    
      	 	
              •

            	
              Monitoring
                operations 

            

    

    
      	 	
              •

            	
              Operational
                "Red Flags" 

            

    

    
      	 	
              •

            	
              Committee
                assignments 

            

    

    
      	 	
              •

            	
              Understanding
                the regulatory "Alphabet" 

            

    

    
      	 	
              •

            	
              Serving
                the community needs (CRA) 

            

    

    
      	 	
              •

            	
              Continuing
                director education 

            

    

     

    wCare
      and Feeding of Your Directors:    (Workshop
      #313)
      designed
      for the officers and senior staff to help them deal effectively with the
      organizing group both during the organizational phase as well as after the
      bank
      opens. For those who have been previously involved with a community bank board,
      this serves as a review. For those who have not, it is basic training for better
      understanding the motivations and mind-set of the type of individuals who are
      typically the driving force behind a new bank. This is an exercise in developing
      the most effective way to deal with your directors on a day to day basis. Length
      of this session is approximately 3-4 hours. 

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    The
      core
      topics: 

     

    
      	 	
              •

            	
              Whose
                bank is this anyway? 

            

    

    
      	 	
              •

            	
              Two
                different worlds 

            

    

    
      	 	
              •

            	
              Is
                there really a common vision? 

            

    

    
      	 	
              •

            	
              What
                do they bring to the table? 

            

    

    
      	 	
              •

            	
              What
                do I bring to the table? 

            

    

    
      	 	
              •

            	
              Is
                director education good or evil? 

            

    

    
      	 	
              •

            	
              The
                whole should be greater than the sum of the parts
                

            

    

     

    wThe
      Service Imperative:    (Workshop
      #156-SI[?])
      designed
      to focus the group's attention on the specific reality of delivering quality
      service. So much is said about the promise of quality service, yet service
      does
      not develop in a vacuum. Through a series of group exercises, the organizers
      and
      officers look beyond
      mere words and labels to reach consensus regarding the specific
      standards and guidelines necessary to actually deliver
      on the
      service promise. The length of this session is approximately 5-6 hours.
      

     

    Major
      topics: 

     

    
      	 	
              •

            	
              What
                does the customer what? 

            

    

    
      	 	
              •

            	
              What
                does the customer need? 

            

    

    
      	 	
              •

            	
              What
                are the barriers that must be overcome?

            

    

    
      	 	
              •

            	
              What
                are the solutions that must be implemented?

            

    

    
      	 	
              •

            	
              Reaching
                consensus 

            

    

    
      	 	
              •

            	
              Gathering
                and applying demographic and psychographic data

            

    

    
      	 	
              •

            	
              Developing
                the marching orders 

            

    

     

    wStrategic
      Focus:    (Workshop
      #145-SF) [Optional]
      designed
      as the precursor to the development of a comprehensive strategic operating
      plan.
      This workshop takes the group through an overview of the critical components
      of
      a strategic plan. The group's regulatory application is used as a basis for
      formulating the level of strategic thinking necessary to move the organization
      from the speculative/formative stage to the implementation/realization stage.
      This is a focus on the "how", rather than the "what" of an effective set of
      marching orders. In addition, through a series of table exercises and group
      discussions, the group reaches consensus on the importance of the critical
      issues that will successfully drive the bank. The length of this session is
      approximately 6 hours. 

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

    Central
      Issues: 

     

    
      	 	
              •

            	
              The
                group's core values 

            

    

    
      	 	
              •

            	
              The
                group's vision 

            

    

    
      	 	
              •

            	
              The
                Mission statement 

            

    

    
      	 	
              •

            	
              How
                to define goals and objectives 

            

    

    
      	 	
              •

            	
              The
                Board's expectations 

            

    

    
      	 	
              •

            	
              Management's
                expectations 

            

    

     

    -End-

    

    
      
        
        

      

      25

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