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Consulting Agreement

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Title:

Consulting Agreement

Entities:

InterCept, Inc.; Solera National Bancorp, Inc.; Powell, Goldstein, Frazer & Murphy LLP

Date:

2006

Size:

Preview shows 13KB of 63KB total

Price:

$48

ID:

#1727593

► Fee Agreements ► Consulting Agreements
► Financial ► Consumer Financial Services
► Services ► Legal

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Bankmark

5015 Addison Circle, BOX 511 ? Addison, TX 75001

CONSULTING AGREEMENT

This Consulting Agreement (?Agreement?) is entered into on this 21st day of March, 2005, by and between Dan Hudson acting under the name of Bankmark & Financial Marketing Services (?Bankmark?), with offices at 5050 Quorum Drive, Suite 700, Dallas, TX 75254 and Patria Corporation (?Bank?), with organizational offices at 4695 Osage Drive, Boulder, CO 80303. Other references made to the term ?Bank? represent the de novo bank and its organizers (the ?Organizers?).

The parties hereby agree as follows:

1.	SCOPE OF THE ENGAGEMENT

Bankmark?s primary responsibilities 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 what is involved in establishing a bank and working through such issues with new prospective organizers/directors. It is Bankmark?s success rate, performance, and clear understanding of the process that is articulated during these meetings. The engagement of a consultant that has successfully assisted numerous clients through the bank chartering process provides the credibility that most potential organizers are seeking before they become engaged in a project. 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 a bank: corresponding bank relationships, project financing, equipment, technology, legal, accounting, operations, facilities that are capable of providing a turnkey bank with custom features or select needs based on specific client request. It is important to realize that opening a bank is far 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 each element under consideration. Thus, each alternative selected should produce the result desired by the Bank?s organizing group. If necessary, the group is encouraged to visit banks that have recently opened to better understand the impact and ramifications of their own decisions.

Bankmark provides project management and tools, which allow the group to obtain information concerning its area of expertise or assignment in the project management process. Our client bank project management programs 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.

Bankmark will provide logistics and support at each Bank location by trained Bankmark staff for the Bank?s management and administration of its contacts. An important effect of the Bankmark process is that the Bank?s professionalism is enhanced. This may have a positive impact on the Bank?s prospects for regulatory approval and its capital acquisition program.

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

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