EXHIBIT 10.12
Form of Letter Agreement
EMPIRE FINANCIAL HOLDING COMPANY
0000 XXXX XXXXX XXXX 000
XXXXXXXX, XXXXXXX
00000
August 23, 2000
Xx. Xxxxxx X. Xxxxxxxxx, Xx.
000 X. Xxxxxxx Xxx. Xxxxx 000
Xxxxx Xxxxx, Xxxxxxx 00000
RE: Agreement regarding acquisition of brokerage customer account
relationships and finder's fee
Dear Don:
This letter confirms our agreement to purchase your retail brokerage
account relationships for $200,000 and to pay you a fee equal to one percent of
the net proceeds of our initial public offering in consideration of your efforts
in making introductions to investment banking firms in connection with such
offering and your assistance in developing our private label business.
Please acknowledge your agreement to the foregoing by signing on the space
provided below.
Sincerely,
EMPIRE FINANCIAL HOLDING COMPANY
Xxxxx X. Xxxxx, Co-Chief Executive Officer
Xxxxxxx X. Xxxxx, Co-Chief Executive Officer
ACKNOWLEDGED AND AGREED:
Xxxxxx X. Xxxxxxxxx, Xx.
Date: August 23, 2000
