Exhibit 10.1







 





FOURTH AMENDMENT TO LOAN AGREEMENT



 


THIS FOURTH AMENDMENT
TO LOAN AGREEMENT (this “Amendment”) is entered into this 25th day of April, 2018 (the “Effective
Date”), between AMERIS BANCORP, a Georgia corporation (“Borrower”), and NEXBANK SSB
(“Lender”).


 


R E C I T A L S


 


A.      Borrower
and Lender are parties to that certain Loan Agreement dated as of August 28, 2013 (as heretofore amended and as it may be further
amended, modified, supplemented, restated or amended and restated from time to time, the “Loan Agreement”).
Unless otherwise indicated herein, all terms used with their initial letter capitalized are used herein with their meaning as defined
in the Loan Agreement and all Section references are to Sections in the Loan Agreement.


 


B.       Borrower
has requested that Lender, and Lender has agreed to, amend the Loan Agreement and Note to increase the Commitment.


 


C.       Borrower
and Lender desire to amend the Loan Documents, subject to the terms, conditions, and representations set forth herein, as requested
by Borrower.


 


D.       Borrower
and Lender agree to the other terms and provisions provided below, subject to the terms, conditions, and representations set forth
herein.


 


NOW, THEREFORE, in
consideration of these premises and other valuable consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree, as follows:


 


		1.	Amendments to Loan Agreement. Subject to the satisfaction of the conditions set forth herein,
the Loan Agreement is amended as follows:



 


(a)       Section A of the Recitals is hereby amended and restated in its entirety to read as follows:


 


A. Borrower has applied to Lender
for a revolving loan in the amount of up to $100,000,000, and Lender is willing to make the Loan on the terms and conditions hereinafter
set forth.


 


(b)       The following definition in Section 2.1 of the Loan Agreement is hereby amended and restated in its entirety to read
as follows:


 


Commitment: The obligation
of Lender to make Revolving Credit Advances pursuant to Section 4.1 in an aggregate principal amount at any time outstanding
up to but not exceeding $100,000,000, subject, however, to termination pursuant to Article XVI.


 


(c)       Section 4.1(e) of the Loan Agreement is hereby amended by deleting the first sentence thereof and replacing it with the
following sentence:


 


Borrower shall give Lender notice
of each Revolving Credit Advance by means of an Advance Request Form containing the information required therein and delivered
(by hand or by mechanically confirmed facsimile) to Lender no later than 5:00 p.m. Dallas time on a Business Day that is at least
one (1) Business Day prior to the day on which the Revolving Credit Advance is desired to be funded.


 






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		2.	Conditions Precedent. Notwithstanding any contrary provision, this Amendment shall be effective
upon the satisfaction of all of the following conditions precedent:



 


(a)       Lender shall have received counterparts of this Amendment executed by Borrower, Lender, and each other party set forth
on the signature pages hereto;


 


(b)       
Lender shall have received the Fourth Amended and Restated Revolving Promissory Note dated as of the Effective Date in the
original principal amount of $100,000,000 executed by Borrower and payable to the order of Lender (the “Fourth
Amended and Restated Note”);


 


(c)        Lender shall have received satisfactory evidence that the representations and warranties contained in the Loan Agreement
and in the other Loan Documents, after giving effect to the terms of this Amendment, shall be true and correct in all material
respects on and as of the Effective Date and the date hereof to the same extent as though made on and as of each such date, except
to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and
warranties shall have been true and correct in all material respects on and as of such earlier date;


 


(d)       Lender shall have received satisfactory evidence that Borrower has paid the fees and expenses of counsel described in Section 6
hereof and Article VII of the Loan Agreement;


 


(e)       After giving effect to the terms of this Amendment, no Default or Event of Default shall have occurred and be continuing
or shall result after giving effect to this Amendment or the Fourth Amended and Restated Note;


 


(f)        Lender shall have received an officer’s certificate, together with all attachments and exhibits thereto, duly executed
and delivered by a duly authorized officer of the Borrower; and


 


(g)       Lender shall have received such other instruments and documents incidental and appropriate to the transactions provided
for herein as Lender or its counsel may reasonably request, and all such documents shall be in form and substance satisfactory
to Lender (it being agreed that execution of this Amendment by Lender shall evidence that the foregoing conditions have been fulfilled).


 


		3.	Reaffirmation of Loan Documents and Liens. Except as amended and modified hereby, any and
all of the terms and provisions of the Loan Agreement and the other Loan Documents shall remain in full force and effect and are
hereby in all respects ratified and confirmed by Borrower. Borrower hereby agrees that, except as expressly provided in this Amendment,
the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of
Borrower under the Loan Agreement and the other Loan Documents or the Liens securing the payment and performance thereof. Borrower
further confirms that the liens and security interests in the Collateral created under the Loan Documents secure, among other indebtedness,
Borrower’s obligations under the Loan Documents, and all modifications, amendments, renewals, extensions, and restatements
thereof.



 






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		4.	Representations and Warranties. As a material inducement for Lender to enter into
this Amendment, Borrower hereby represents and warrants to Lender (with the knowledge and intent that Lender is relying upon the
same in consenting to this Amendment) that as of the Effective Date and the date hereof, and after giving effect to the transactions
contemplated by this Amendment: (a) all representations and warranties in the Loan Agreement and in all other Loan Documents are
true and correct in all material respects, as though made on each of the Effective Date and the date hereof, except to the
extent that (i) any of them speak to a different specific date or may have otherwise been made inaccurate by the mere passage
of time; or (ii) the facts or circumstances on which any of them were based have been changed by transactions or events not
prohibited by the Loan Documents; (b) no Default or Event of Default exists under the Loan Documents or will exist after giving
effect to this Amendment; (c) this Amendment has been duly authorized and approved by all necessary organizational action
and requires the consent of no other Person, and is binding and enforceable against Borrower in accordance with its terms; and
(d) the execution, delivery and performance of this Amendment in accordance with its terms, does not and will not, by the
passage of time, the giving of notice, or otherwise: (i) require any governmental approval, other than such as have
been obtained and are in full force and effect, or violate any applicable law relating to Borrower; (ii) conflict with, result
in a breach of, or constitute a default under the Constituent Documents of Borrower thereof, or any indenture, agreement, or other
instrument to which Borrower is a party or by which it or any of its properties may be bound; or (iii) result in or require
the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by Borrower.



 


		5.	Costs and Expenses. Borrower agrees to pay promptly the reasonable fees and expenses of
counsel to Lender for services rendered in connection with the preparation, negotiation, reproduction, execution and delivery of
this Amendment and all related documents.



 


		6.	Miscellaneous.



 


		(a)	This Amendment and the Fourth Amended and Restated Note shall be deemed to constitute a Loan Document
for all purposes and in all respects. Each reference in the Loan Agreement to “this Agreement,” “hereunder,”
“hereof,” “herein” or words of like import, and each reference in the Loan Agreement or in any other Loan
Document, or other agreements, documents or other instruments executed and delivered pursuant to the Loan Agreement to the “Loan
Agreement”, shall mean and be a reference to the Loan Agreement as amended by this Amendment.



 


		(b)	The Loan Documents shall remain unchanged and in full force and effect, except as provided in this
Amendment and the Fourth Amended and Restated Note, and are hereby ratified and confirmed. The execution, delivery, and effectiveness
of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power, or remedy of Lender
under any Loan Document, nor constitute a waiver under any of the Loan Documents.



 


		(c)	All of the terms and provisions of this Amendment shall bind and inure to the benefit of the parties
hereto and their respective successors and assigns.



 


		(d)	This Amendment may be executed in one or more counterparts and by different parties hereto in separate
counterparts each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to
a single counterpart so that all signature pages are physically attached to the same document. Delivery of photocopies of the signature
pages to this Amendment by facsimile or electronic mail shall be effective as delivery of manually executed counterparts of this
Amendment.



 


		(e)	THIS AMENDMENT, THE LOAN AGREEMENT, THE FOURTH AMENDED AND RESTATED NOTE AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS
OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.



 


		(f)	The headings, captions and arrangements used in this Amendment are, unless specified otherwise,
for convenience only and shall not be deemed to limit, amplify or modify the terms of this Amendment, nor affect the meaning thereof.



 






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		(g)	Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting
the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction.



 


		(h)	This Amendment shall be construed in accordance with and governed by the laws of the State of Texas.



 


 


[Remainder of Page Intentionally Left
Blank; Signature Pages Follow.]





 




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IN WITNESS WHEREOF,
the parties hereto have executed this Amendment in multiple counterparts to be effective as of date first set forth above.


  


	 	BORROWER:
	 	 	 	 
	 	AMERIS BANCORP,
	 	a Georgia corporation
	 	 	 	 
	 	By:	/s/ Nicole S. Stokes
	 	 	Name:  	Nicole S. Stokes
	 	 	Title:  	EVP and Chief Financial Officer


 


Signature Page
to Fourth Amendment


 




     


     


    

 


	 	LENDER:
	 	 	 
	 	NEXBANK SSB
	 	 	 
	 	By:    	/s/ Rhett Miller
	 	 	Rhett Miller, SVP and Chief Credit Officer


  


Signature Page to Fourth Amendment