Letter Agreement for Purchase of Brokerage Account Relationships and Finder's Fee between Empire Financial Holding Company and Donald A. Wojnowski, Jr.
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Summary
Empire Financial Holding Company agrees to purchase Donald A. Wojnowski, Jr.'s retail brokerage account relationships for $200,000. Additionally, Mr. Wojnowski will receive a fee equal to 1% of the net proceeds from Empire's initial public offering, in return for introducing investment banking firms and assisting with the company's private label business. The agreement is effective upon signing by both parties.
EX-10.12 6 0006.txt LETTER AGREEMENT - DONALD A. WOJNOWSKI EXHIBIT 10.12 Form of Letter Agreement EMPIRE FINANCIAL HOLDING COMPANY 1385 WEST STATE ROAD 434 LONGWOOD, FLORIDA 32750 August 23, 2000 Mr. Donald A. Wojnowski, Jr. 505 N. Orlando Ave. Suite 307 Cocoa Beach, Florida 32931 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 Kevin M. Gagne, Co-Chief Executive Officer Richard L. Goble, Co-Chief Executive Officer ACKNOWLEDGED AND AGREED: Donald A. Wojnowski, Jr. Date: August 23, 2000
