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~ETILEMEl\:r A.ND RELEASE AGREE~lENT 

This Settlement and Release Agreemoo.t e•Agreement .. } is made as of this _j_ day of 

October, 2012, by, between, and among the following undersigned parties: 

The Plaintiff, Federal Deposit Insurance Corporation, as Receiver of Georgian. Bank ("the 

FDJC-R'~), Gordon R. Teel, William Kelly, Gary Nix, Rebecca Abraham, Philip T. Homan, 

David R. Hunter, Donald A Rolader, Gary C. Waddell, and 1. C. Wallace. Jr. (collectively the 

"Settling Defendants"), and Federal Insurance Con1pany ("Federal"). The FDIC .. R, the Sett1ing 

Defendants, and Federal may be referred to herein individually as a "Party'' and colJectively as 

the •<parties". 

RECITALS 

WHEREAS: 

A Prior to September 25, 2009, Georgian Bank ('~the Bank") was a depository 

institut1on organized and existing under the laws of Georgia~ 

B. On September 25~ 2009j the Bank was ctosed by the Georgia Department of 

Banking and Finance and pursuant to 12 U.S.C. § 1821(c), the FDIC·R was appointed receiver. 

In accordance with 12 U.S.C. § l821(d), the FDIC-R as receiver succeeded. to. all rights, titles. 

powers and privileges of the Bank, its shareholders. and creditors, including right and title with 

respect to the Bank• s assets. 

C. Among the assets to which the FDICMR as receiver succeeded were any and aU 

claims. demands, and causes of actions against the Ba.nk;s former directors, officers and 

employees arising from the performafl(:e, nonperformance and manner of performance of their 

respective functions., duties and acts as directors and/or officers of the Bank; 
Page 2 

D. The FDlC·R has asserted claims against the Settling Defendants, who had each 

served at various times as directors and/or officers of the Bank The Settling Defendants have 

denied liability for the FDIC·R's claims. 

E. Federal issued directors' and officers' liability policy numberL~tire \b)(A ), 

fh \(~\ 

.. Federal Policy"), which insured the directors and offioers of the Bank according to the terms, 

provisions and conditions of the Federal Policy. The Settling Defendants have made claims 

under the Federal Policy. Federal has reserved its rights under the Federal Policy for claims 

asserted by FDIC-R against the Settling Defendants. 

The undersigned parties deem it in their best interests to enter into this Agreement to 

avoid the uncertainty, trouble, and expense of litigation. 

NOW~ THEREFORE, in consideration of the promises, Wldertaldngs, payments, and 

releases stated herein, the sufficiency of which consideration is hereby acknowledged, the 

undersigned parties agree, each with the other. as follo,vs: 

SECTION I: Payment to FDIC-R 

A. As an essential covenant and condition to this Agreement. Federal, on behalf of 

the Settling Defendants, shall pay $6.75 million ($6~750,000) to the FDIC-R. Within ten (10) 

business days following the execution of an original, w originals in counterparts, of this 

Agreement by each of the undersigned Pa.rties to this Agreement (the "Payment Date'), the 

$6.75 million settlement amount (hereinafter the "Settlement Funds.,) shall be delivered to the 

FDIC~R by direct wire transfer to the Federal Home Loan Bank of New York. New York Main 

Office, 101 Park Avenue, New York~ NY 10178-0599, Routing No. 0260~0973-9. Account No. 

(b)( 4},............................. ···~,_·················· __.l for the credit to FDIC National Liquidation Account OBI Georgian Bank, Atlan~ GA 

fh \(~\ 

(FIN 10122) Professjonal Liability (37100) OfF Fund-contact Marion Tarin ~ 

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·(b)(6) . D.ouglasLangL..I_········-·········-········-·· _ ___.I !n the event that the Settlement Funds are not delivered to the 

: ~ 

FDIC..;R by the Payment Due Date, interest shall accrue on all unpaid amounts at the rate of 5% 

per annum from the Payment Date until the date of payment. 

B. In addition, and without waiving any other rights that the FDIC-R may have, in 

the event that all Settlement Funds are not received by the FDIC-R on or before the Payment 

Date, then the FD!C-R, in its sole discretion. shall have the right to declare this Agreement null 

and void, shall have the right to extend this Agreement for any period of time until it receives all 

Settlement Funds (including all accrued interest), and/or shall have the right to enforce this 

Agreement, in which <?Vent the Parties agree to jurisdiction in the United States District Court for 

the Northern District of Georgia and the prevailing party(ics) shall be entitled to reasonable 

attomey1

s fees in such enforcement action. In the event the FDIC·R declares the Agreement null 

and void, the Parties agree that all statutes of limitation or timing defenses with respect to claims 

that che FDIC-R had against any Party prior to the date of the Agreement are tolled from the date 

of the Agreement until fifteen ( 15) days after the Agreement is declared nun and void. 

SECTION II: Releases 

A. Release oflndividual Settling Defendants by FDIC-R. 

Effective upon payment of the Settlement Funds plus any accrued interest described in 

SECTION I and except as provided in Paragraph ILH. the FDJC .. R, for itself and its successors 

and assigns} hereby releases and discharges each of the Settling Defendants and their respective 

heirs, executors, and adiiDnistrators~ from any and all claims, demands, obligations, damages, 

actions, and causes of action, whether known or unknown~ whether accruedi inchoate) liquidated~ 

contingent, actual or asserted, direct or indirect, in law, or in equity, belonging to the FDIC·R, 

that arise from or relate to, the performance, nonpetformance, or mam1er of performance of the 

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Settling Defendants' respective functions, duties and actions as officers and/or directors of the 

Bank. 

B. Release of FDIC-R by the Settling De fen~. 

Effective simultaneously with the release granted in Paragraph II.A above, the Settling 

Defendants, on behalf of themselves individually, and their respective heirs, executors, 

administrators, agents> representatives~ successors and assigns, hereby release and discharge the 

FDIC-R, and its employees. officers, directors, representatives, successors and assigns, from any 

and all claims, demands, obligations, damages, actions, and causes of action, direct or indirect, in 

law or in equity, that arise from or relate to, the Bank or to the pe.tfonnance, nonperformance, or 

manner of performance of the Settling Defendants, respective functions~ duties and actions as 

officers and/or directors of the Bank. 

C. Release by ~ling Defendants of Each Other. 

Effective simultaneously with the releases granted in Paragraph II. B. above, the Settling 

Defendants, and their respective heirs, executors. administrators~ representatives, succesoors and 

assigns. hereby release and discharge each other from any and all claims! demands, obligations.. 

damages. action~ and causes of action, direct or indirect, in Jaw or in equity, that arise from or 

relate to the performance, nonperformance~ or manner of perfonnance of their respective 

fWJctions) duties and actions as officers and/or d1rectors of the Bank. 

D. Release ofFederal by FD1C-R. 

, Effective simultaneously with the releases granted in Paragraphs llA. and ll,B. above, 

the FDIC-R, for itself and its successors and assigns. hereby releases and discharges Federal, its 

parents, subsidiaries, affiliates and reinsurers, and their respective employees, officers. directors. 

agents, successors and assigns, from any and al1 claims, demands, obligations, damages, actions 

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and causes of action, direct or indirect, in Jaw or in equity. that arise from or relate to the Federal 

. Policy; provided that this release shall not extend to or affect any other Federal policy of 

insurance, including but not limited to Financial Institution Bond No. I ••••••••••••••••••••••••! mm -••••••••••••••••••••••••••••••••••• m 0 • ••••••••••••(b).(.4 ) 

E. Release ofFDJC-R by Federal. 

Effe<)tive simultaneously with the release granted in Paragraph ltD. above, Fed{!ral, for 

itself and its successors and assigns, and on behalf of its parents, subsidiaries. affiliates and 

reinsurers~ and their successors and assigns, hereby reJeases and discharges FDJC .. R. and its 

employees, officers, directors~ agents, representatives, successors and assigns, from any and all 

claims, demands, obligations, damages, actions, and causes of action, direct or indirect.. in law or 

in equity, that arise from or relate to the Federal Policy. 

F. ReleJ!se of Settling Defendants by FederaL 

Effective simultaneously with the releases granted in Paragraph U.E. above, Federal, for 

itself and its successors and assigns, and on behalf of its parents, subsidiaries, affiliates, and 

reinsurers, and their successors and assigns, hereby releases and discharges each of the Settling 

Defendants, and their respective heirs, executors, administrators, agents, representatives, 

successors and assigns, from any and all cla:itns, demands, obligations, damages, actions. and 

causes of actlonj direct or indirect, in law or in equity. that arise from or relate to the Federal 

Policy or the performance, nonperl'ormancet or manner of perfonnanoe of the FDIC's functions, 

duties and actions. 

G. ,Re ~ of Certain Insur:ed Persons Qther than Settling Parties. 

Effective upon payment of the Settlement Funds plus any accrued interest described in ·.; 

·, 

SECTION I and except as provided in Paragraph ILH, the FDIC-R, for itself and its successors 

and assigns, hereby releases and discharges each of the certain insured persons listed in Exhibit 

5 of IS 
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A (hereinafter "Certain Insured Persons'') that were named in demand letters sent by the FDIC·R 

1: 

on or about June 24,2010, and their respective heirs, executors, and administrators, from any and 

all claims, demands, obligations, damages, actions, and causes of action, whether known or 

unknow-n> whether ·accrued, inchoate) liquidated, contingent, actual or asserted. r~t or indirect, 

in Jaw, or in equity, belonging to the FDIC~R that arise from or relate to, the perfonnance, 

.;.l· l: 

.. nonperformance, or manner of perfonnance of the Certain Insured Persons' respective functions, 

duties and actions as officers a.ndior directors of the Bank. 

H. Express Reservations From Re!ettm By FDIC-R. 

L Notwithstanding any other provision, by this Agreement, the FDIC·R does 

not release, and expressly preserves fully and to the same extent as if the Agreement had not 

been exe:euted1 any c)aims or causes of action: 

;,I 

i (a) against the Settling Defendants or any other person or entity for 

liability, if any, incurred as the maker, endorser or guarantor of any promissory note or 

indebtedness payable or owed by them to FDlC-R. the Bank, other financial institutions, o.r any 

other person or entity, including without limitation any claims acquired by FDIC-R as successor 

in interest to the Bank or any person or entity other than Bank, and including but not limited to 

the right to object to the discharge or dischargeabi!ity of any such indebtedn.ess in any 

. ·~ bankruptcy proceeding; 

(b) against any person or entity not expressly released in this 

Agreement; and 

(c) which are not expressly released in SECTION II above. 

2. Notwithstanding any other provision, nothing in this Agreement shall be 

construed or interpreted as Jimiting, waiving, rcJeasing or compromising the jurisdiction and 

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authority of the FDIC-R in the exercise of its supervisory or regulatory authority or to diminish 

its ability to institute administrative enforcement proceedings seeking removal, prohibition or 

any other administrative enforcement action which may arise by operation of law, rule or 

regulation. 

3. Notwithstanding any other provision, this Agreement does not purport to 

waive, or intend to waive, any claims which could be brought by any other federal or state 

governmental agency, including the United States through either the Department of Justk:e, the 

United States Attorney's Office for the Northern District of Georgia or any other federal judicial 

district. In addition, the FDIC-R specifieally reserves the right to seek court ordered restitution 

pursuant to the relevant provisions of the Victim and Witness Protection Act, 18 U.S.C. § 3663, 

et. ~. if appropriate. 

SECTION ill: Waiver ofDivldends and R~eiversbip Claims 

To the extent? if any1 that Settling Defendants are or were shareholders of the Bank and 

by virtue ther'eof are or may have b&>vn entitled to a dividend, payment, or other prorata 

distribution upon resolution of the receivership of the Bank, they hereby knowingly assign to the 

FDIC-R any and all rights, titles and interest in and to any and all such dividends, payments or 

other pro rata distributions. The Settling Defendants also waive any claim in the Georgian Bank 

receivership. 

SECTION lV: Waiver of Dividends and Proeeeds from Litigation 

To the extent, if any, that Settling Defendants are or were shareholders of Georgian Bank, 

or its holding company and by virtue thereof are or may be entitled to a dividend, payment, or 

other distribution upon resolution of the receivership of Georgian Bank or proceeds 1n any 

litigation that has been or could be brought against the United States based on or at1sing out of, 

in whole or in part, the closing of Georgian Bank, or any alJcged acts or omissions by the 

7 of 15 
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FHLBB, OTS, RTC, FDIC, the FSLlC Rt--solution Fund or the United States government in 

connection with Ooorgian Bank, its conservatorship or receiversh p~ they hereby knowingly 

assign to the FDJC-R any and all rights, titles and interest in and to any and all such dividends, 

payments or other distributions. or such proceeds. 

SECTION V: SttJvagt and Waiver or auy Subrogation 

The FDIC·R shall retain all rights to recover from any of the debtors, direct obligors, or 

guarantors, and to sell or otherwise dispose of any oollateral securing the underlying obligations 

which form the bases of the losses claimed by the FDIC-R against the Settling Defendants. The 

Settling Defendants and Federal waive any and aU rights or claims of subrogation, legal, 

equitable, or otherwise. 

SECTION VI: Representations and Aeknowledg~ments 

A. No Admission of Liability. 

The undersigned parties each acknowledge and agree that the matters set forth in this 

Agreement constitute the settlement and compromise of disputed claims, that this Agreement is 

not an admlssio.n !>r evide.t1ce of Jiabihty by any of them regarding any claim, and the Sertbng 

Defendants expressly deny any liability regarding the FDIC's cla1ms. 

B. Exe®fion in Counterparts. 

This Agreement may be executed in counterparts by one or more of the parties named 

herein and &11 such coru1terparts when so executed shall together constitute the final Agreement, 

as if one document had been signed by all parties hereto; and each such cow1terpart, upon 

execution and delivery, shaH be deemed a complete original, binding the party or parties 

subscribed thereto upon the execution by all parties to lhis Agreement. 

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c . Binding Effect. 

Each of the undersigned persons represents and warrants that they are a party hereto or 

are authorized to sign this Agreement on behalf of the respective party. and that they have the 

full povver and authority to bind such party to each and every provision of thls Agreement. This 

Agreement shall be binding upon and inure to Ole benefit of the undersigned parties and their 

respective heirs, execulors, administrators, representatives, successors an<i assigns. 

D. Choice of Law. 

This A.giument shall be interpreted, construed and enforced according to applicable 

federal law. or in its absence, the laws of the State of Georgia. 

E. Entire Agr~ement and Amenc!ments. 

This Agreement constitutes the entire agreement and understanding between and among 

the undersigned parties concerning the matters set forth herein; prQvided that, the obligations set 

forth in the Confidentiality Agreement executed by the parties shall remain in effect Thts 

Agreement may not be amended or modified except by another written instrument signed by the 

party or parties to be bound thereby, or by their respective autb.orized attomey{s) or other 

representative( s). 

F. Jointly Drafted. 

All of the Parties and their respective counsel mutually contributed to the preparation of, 

and have had the opportunity to review and revise this Agreement. Accordingly, no provision of 

this Agreement shall be construed against any Party because that Party, or its counsel, drafted the 

provision. This Agreement and aU of jts terms shall be construed equally as to all persons or 

ertti11es. 

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G. Specific Representations Warranties and Disclaimer. 

The Settling Parties expressly acknowledge that in determining to settle the claims 

released here, the FDIC-R has reasonably and justifiably relied upon the accuracy of financial 

information in the financial statements submitted If, in their financial statements, a Settling 

Party has intentionally or recklessly failed to disclose any interest, legal, equitable, or beneficial, 

in any material asset,i the involved Settling Party agrees to cooperate fully with the FDIC-R to 

transfer their interest in the asset to the FDIC~R and to sign any and all documents necessary to 

transfer their interest in the asset to the FDIC.R Moreovert if. in their financial statements the 

involved Settling Party has failed to disclose any interest, legal. equitable, or beneficial, in any 

material asset, the FDIC-R in its sole discretion, may exercise one or more or all of the following 

remedies: (a) the FDIC·R may declare the releases granted to the involved Settling Party as nuH 

' 

and void; (b) theFDIC-R may retain the Settlement Funds~ (c) the FDIC-R may sue the involved 

Settling Party for damages,~ an injunction, and specific performance for the breach of this 

agreement; and (d) the FDIC·R may seek to vacate any dismissal order and reinstate the FDICR ·s claims against the involved Settling Party. The Settling Parties agree that if, in their 

financial statements, they have failed to disclose any interest, egal~ equitable, or beneficial, in 

any rnaterjaJ asset, the involved Settling Parties consent to the reinstatement ofFDlC-R 's claims 

and waive any statute of limitations that would bar any of the FDIC-R' s claims against them. 

H. Reasonable Cooperation. 

1. The unders1gned parties agree to cooperate in good faith to effectuate all 

the tenns and conditions of this Agreement. 

i ~aterial Asset'~ means any asset having a fair market value of at least 1.0% of the total amount 

of assets disclosed by the Settling Party in their financial statement. If multiple assets are 

involved then the 10% threshold shall be detennined on a ~u.mulativc basis. 

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2. . Further~ the Individual Defendants agree to cooperate fully with the FDIC-

\ 

R in connection with any action required under this Agreement. Any such cooperation that 

involves any out of pocket costs is subject to reasonable reimbursement by the FDIC~R pursuant 

to its internal guideHnes and policy for such reimbursement. Such coopemtion shall consist of: 

(a) producing all docwnents requested by the FDJC-R, without the 

necessity of subpoena, as determined by the FDIC·R, in its sole discretion, to be relevant to the 

Bank; 

(b) making themselves available upon request by the FDIC-R at 

reasonable times and places for interviews regarding facts, as detenuined by the FDIC-R in its 

sole discretion, to be relevant to the Bank; 

(c) appearing to testify at reasonable times and places, upon request by 

the FDIC-R, .in any matter determined by the FDIC·R in its sole discretion, to be related to the 

Bank, without the necessity of subpoena from the FDl C~R~ 

(d) signing truthful affidavits upon request by the FDlC-R. regarding 

any matter, as determined by the FDIC-R in its scle discretion, to be relevant to the Bank. 

I. Advice ()f Counsel. 

Each party hereby acknowledges that it has consulted with and obtained the advice of 

counsel prior to executing this Agreement, and that this Agreement has been explained to that 

party by his or her counsel. 

J. Nptk(eS 

Ally notices relating to or arising out of thls Agreement shall be in writing sent by email 

and. registered or certified mail, return receip( requested. shaH be considered delivered when 

received by the Party to whom it was sent. and shall be addressed to the following recipients: 

11 ofl5 
To the FDIC: 

Charles B. Lee, Esq. 

Mitler & Martin PLI C 

Page 12 

'(b)(6) ······································ . ············ ...... maU:-:-1~ ........ ~ ...... :-:- ... -:' ... --~~-...... Suite 1000 Volunteer Building 

832 Georgia A venue 

Chattanooga, Tennessee 37402 

and 

.(b )(6 .. ). .... 

Federal Deposit Insurance Corporation 

.............. Bmad:t....... ............ ..... • 1 

7777 Baymeadows Way Est, Room 551 F 

Jacksonville, Florida 32256 

Attn.: Doug Lang, Esq. 

To Gordon R Teel: 

James B. Manley, Jr. Esq. 

McKenna Long & Aldridge LLP 

(b)( 6_)__ .- - --····-----.. J~mait ......... .... . ........................... .. . 303 Peachtree Street, NE 

Suite 5300 

r(b )(6 .. ) ..... 

(b )(6 .. ) 

Atlanta. Georgia 30308 

To William Kelty, Gary Nix, and Rebecca Abraham: 

W. Scott Sorrels, Esq .. 

Sutherland, Asbill & Brennan LLP . 

.... ........ ... .... ............... B.m.ail:J ... ......... .. ------ 999 Peachtree Street, NE 

Atlanta~ Georgia 303 09 

To Philip T. Homan~ David R. Hunter, Donald A Rolader, Gary C. Waddell) and J.C. 

Wallace, Jr.: 

Robert R. Long, Esq. 

Alston & Bird, LLP 

........ ...... ........ . .............. Email:[ .................... ......................... 120 J W. Peachtree Street 

Atlanta, Georgia 

IN WITNESS WHEREOF the Parties have executed this Agreement individually and 

with the approval of their attorneys, whose names appear herein, and the FDIC-R has executed 

this agreement by its duly authorized representatives. By executing this Agreement, each Party :' 

12 of 15 
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stipulates, agrees, and warrants as follows: (i) that the terms of this Agreement are reasonable; 

{ii) that he or it will not challenge or contest in any way the capacity or the authority of any Party 

hereto to make the Agreements set forth herein. and (iii) that the person executing this 

Agreement on his behalf, or on behalf of the entity indi(ate<i, has the necessary and appropriate 

authority and capacity to execute this Agreement and to make this Agreement fully bin~ing upon 

and enforceable against himself or the entity he represents. 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

\b )(6_) ___ --:----------;::;-1---- By 

Date:. ____ _____ _ 

,. 

,. " 

·•· 

·:· 

:~ Date: ·:; 

!~ . 

.. 

. ·. 

Date; 

Title: -I:J.£.a ~~u..t:!l!r.~~.....!....:~ 

Print Name: Zt}/(6( A-C {3. /,!t:!!ll.t; 

GORDON R. 'IEEL 

TitJe: _____ • ____ _ 

Print Name: ______ _ _ 

WILLIAM KELLY 

Title: 

Print Name: 

GARVNIX 

Title: - .. --

Print Name: 

13 ofl.5 
(b )(6) 

Page 14 

stipulates, agrees, lffid warrants as follows: (i) tl<.at the tcnns of this Agreement are reasonable; 

(H) that he or it-will not challenge Qr cor. test in any way the capacity or the authority of nny Party 

hereto to make the Ag.reemmts set forth herein, and (iii) that the person ~xecuting this 

Agreement on his behalf. or on behalf of the entity indicated, has lhe necessary and appropriate 

authority and capacity to execute this Agreement and to make !.his Agreement fully binding upon 

and enforC"..able ag1linst himself or the entity he represents. 

Date:, _______ _ 

Date: _________ _ 

Date: ______ . ______ _ 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

By: __ ·--·-·--·--------

Title: ___ ..,.,.._ --{:1 

Print Name: be(l.;~,J 1()1!1::1...-

WILLIA.'\1 KELLY 

·l'itle: ________________ _ 

PrintNrune:·------~-

GARY NIX 

Title: __ . __ _ 

Print Name: __________ _ 

13 oflS 
(b )(6) < 

Page 15 

stipulate:; agreest and warr1mts as foliows: (i) that the terms of this Agreement are reasonable; · 

(ii) that he or it will not dmrtenge or contest In a;"ly way the capacity or the authority of any Pa_rty 

hereto to make the Agreements set forth herein, and (iii) that the perSQn ex~utins this 

Agreement on his bel.u~tf, or on behalf of the entity in cated~ has the necessary and appropriate 

authority and capacity to execute this Agreement and to make this Agreement fully binding upOn 

a~1d enforceable against himself or the entity he represents. 

Date: 

Date~ ·~----~-------~ 

FEDERAL DEPOSIT lNSURANCE 

CORPORATION 

By: __________ _ 

Title :~----------

Print Name;~~-------

GORDON R. TEEL 

T!tle: _ _________ _ 

Print Name: 

...................................................................................................................... ............ i : ············································ 

ltLIAM KELLY / v 

Title: (>.W,·( e r'' 

Dote:_lo__./_;.._1 _'"L __ ~- •. 1\ \1 Print Name; W ·\" ""' \I.e 7 

GARYNTX 

Title: _______ ---

Date: ______ _ __ _ Print Name: _________ _ 

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stipulates, agree.s, and warrants as follows: (i) that the telli1S of this Agreement ate reasonable; 

(ii) that he or it will not challenge or cont~t in any way the capacity or the authority of any Party 

herem to make the Agreements set forth herein, a..'ld (iii) that the person executing this 

Agreement on his behalf, or on behalf of the entity mdicated1 has the necessary and appropriate 

authority and capacity to execute this Agreement and to make this Agreement fully binding upon 

and enfureeabJe against himself or the entity he represents. 

Da.te: 

Date: 

Date: 

FEDERAL DEPOSIT INSlJ'RANCE 

CORPORATION 

By: ____ ___ _ 

Title:. _ ____ _ _ _ _ _ _ 

Print Name: ___ _____ _ 

GORDON R. TEEL 

Title: - --- Print Name: ____ _ ____ _ 

WILLIAM KELLY 

Title: _ _ 

Print Name: 

:·. (b)(6) .......................... ................................................ ............................................................................................... l = ,. m """"""'' G.Y~ ==

""""""""'" L 

I 

ate:~ -- .Title: 

' Print Name:k_"'-\ L • 1\J 1 X 

\ 

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194Se660. I, 

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Page 17 

'(b)(6_)__ _______ _ 

Jrlvlt..wnmttcr'lcr-A'li"""":"::A"""b,RAH"":':""':'MIA:"TC>:,...: __ _.L 

Dnte: /0 <J~ 12-

Title: ()fhuc · . 

Pl'int Nome:1J~ t ,,,, .J. ,1/£/.."L:~\rY'·~-

PHlLIP T, HOMAN 

Title:. ___ . __ 

Da1e:. ______ _ Print Name: _______ _ 

DAVID R. HUNTER 

Titte:. _________ _ 

Pate:._~-------- Pl'int Nume:. _______ _ 

DONALD A. ROLADER 

Tit!¢:. _________ _ 

Dutc: ____ __ _ Pt·int Nnme: ________ ........ ·- _ _ _ 

GARY C. WADDELL 

Title: ____ _ 

Dnte_: ________ _ PrinrName: _______ _ 

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Page 18 

REBECCA ABRAHAM 

Title:. ______ __ _ 

Date:. _ ________ _ Print Name: _______ _ 

·~b)( 6) ...... ''''''''' """""""""""""""""""""" . ~ 

.(b )(6) 

Date:d £. 2.6/~ ; 

DAVID R. HUNTER 

TiUe: ________ _ 

Date: _ _ ______ _ Print Name:.-+--------

DONALD A. ROLADER 

Title:. _______ ~-

Date:. ________ _ Print Name:. ___ _ _ __ _ 

GARY C, WADDE.LL 

Title: _ _____ _ _ _ 

Date: 

·---------- - - ~tName: _____________ _ 

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19'442038, 1 
178736228<1 Page 19 

~: 

REBECCA ABRAHAM 

Title: ________________ __ 

~~:. ________________ _ Prlot Nam.~:. ________ _ 

Pmt.JP T. JlOMAN 

'trtlo:._~--- ---

0~·----------------~ Pr.int Name: 

(b)(6_)•- ---------l----

Date: ((J;c. 8. Z () LL_ I 

~·----------~-----

Date:_· _ ______ _ 

Titl e:----------------~ 

P'lintNattJ. :::V~(ta' '?f. fl~.~ M~ 

Title: 

Prjut'Natl)e: _______ _ 

GA.ltY C. W ,ADDELL 

Title:. ___ .._.._ ____ _ 

Prim Name:. ___ ____ _ 

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PAGE 62/63 
Page 20 

'· .. 

' REBECCA ABRAHAM 

Title: 

------------------- Date·: ___ _ _ Print Nfl!ile: ___________ __ _ 

l>HILIP T. HOMAN 

Title:. ___________ _ 

Th\te: 

-- Print Nnme:··················-··-···----

DA V1D R. HUNTER 

Title:. _____________ _ 

Date: ·-- -

Titlc:_di J?<~:£a · 

Date: -~ -j')..-- Print Name.:[hclA ~ t; ll· Q:>h/1 C;f;(l. 

GARY C. WADDELL 

Title: _____________ _ 

Dnte:. _ ________ -- Print Na.me;. ______ _ _ 

I 4 of 15 194~2038.1 
Date:·- ,--------

Dn~=·---------------~ 

Date: _ _____ __ _ 

Date: 

---~~-------

\b )(6) .................................................................. .. 

·(b )(6) ........... :1-............ --.............. -.............. -.............. ------. 

. ota~y Publlet C<lbb Coun!y, S.dGA 

My Comm!~on E.lplres OG-1Z.15 

Date: /0 l ~ L l :J-. 

19442038.1 

Page 21 

REBECCA ABRAHA.\1 

Title:.·_---- -----

Print Name:. _ ______ _ 

PillLIP T. HOMAN 

Title:, _ ________ _ 

Print Name:·------~-

DAVID R. HUNTER 

Title: _________ _ 

Print Name: _______ _ 

DONALD A. ROLADER 

Title:. _ _ _ ______ _ 

Print e: 

Tit1e; 13o..v )L. Ga .. Av-J 

. PrintName: ~f!rr\Y C. \1\lAo peLA14 ofl5 
Page 22 

~ . 

{b)(6) ________ -~~- ~~---

D11te:. ______ _ 

Date; _ _______ _ 

J,C,~ 

Tit1e:J1(~ 

Print Name:~S C.'tJol\w,;1t 

FEDERAL INSURANCE 

COMPANY 

B~------------------ Titlo: _______ _ 

Prlnt Name: ______ _ 

lS of 15 

\ 
Date: , _______ _ 

Date: 0~ ~ 1 J.o/JPage 23 

J. C. WALLACE, JR. 

Title: 

---------------- Print Name: FEDERALffl~S~U~~~N-. ------

COMPANY 

!5 of 15 
• Yetty Arp 

• Kenneth Barber 

• Fred Bentley, Jr. 

• Frank Brown 

• Christine Cooper 

• Lynn Darby 

• Vince Dooley 

• Eru·l Ehrhart 

• Brian Fisher 

• Tr!cia Griner 

• Andrew ''Jack" Head 

• Mark Hennessy 

• Pamela Hubby 

• David ''Robbie" Hunter 

• Danny Jett 

• John 0. Knox 

• Patrick Kotora 

• Adams "De•• Little 

• Dexter Lummas 

• Cheryl Moultrie 

• Alan Najjar 

• AdamOgbum 

• John Poelker 

• Gerald Ragan 

• Wesley Rakestraw 

• Philip Resch 

• William Russell 

• Andy Schival 

• Taylor Smith 

• Richard Spink 

• Michael Thompson 

• Don Updegraff 

• Kim Ward 

• Charlie Watts 

• Mary Williamson 

• Dan Wolf 

• Robert Wynne 

• Dorothy Young 

IQ1685~ .DOC 

Page 24 

EXHIBIT A 

ADDITIONAL D&Os 
(b)(4L ... 

Page 25 

CONFIDENTIALITY AND NON-DISCLOSURE AGgEMENT 

This Confidentiality and Non~Discl sure Agreement (''Agret:ment") is entered into this 

lOth day of October, 20 ll , between the Federal Deposit Insurance Corporation (the "FDIC"), 

acting as receiver of Georgian Bank (the "Bank"), Chubb & Son, a divisjon of Federal insurance 

Company, as claim manager for Federal Insurance Company and its affi liates (collectivcfy, 

"Chubb,') and outside cotmsel for the former officers and directors of the Bank (collectively 

"Counsel"), as listed in Attachment A. The FDIC, Chubb and Counsel are referred to 

individually as a "·Pany'' or together as the "Parties." 

RECITALS 

l. This Agreement is made in connection with the FDlC's June 24, 201 0 demand for 

payment of civil damages and notice of wrongful acts against certain fom1cr directors and 

officers of the Bank (the "D&O Claim"), and Chubb's investigation of the foregoing 

matter. 

2. The Bank was closed on _ September 25, 2009 _ .• by the Georgia Department of 

Banking and Finance, and the FDfC was appointed Receiver for the Bank . 

................. J... Chuhbissued. ... Po.l.i.cyNo,l I (the "0 &0 Policy") to Georgian Bancorporation 

Inc. (the "Bank") for the Policy Period of October 28. 2008 to October 28, 2009. 

4. Officers and directors of the Bank have submitted the D&O Claim for coverage under the 

D&O PoJicy, 

5. As a regulated insurer and as part of its standard business practice, Chubb is obligated to 

safeguard and keep confidential information contained in its claim files. However, 

Chubb, as a regulated insurer, and as a reinsured, has certain statutory, regulatory and 

contractual obligations to make infonnation held in its records accessible to its auditors, 

attorneys, accountants, regulators and reinsurers. Such information includes information 

held in Chubb's claim files. 

6. To investigate and evaluate the D&O Claim, and coverage under the D&O Policy, the 

Parties wish to exchange documents and other illformation, while simultaneously 

maintaining the confidential nature of such documents and information. 

AGREEMENl' 

Jn consideration of the mutual promises contained in this Agreement, the Parties hereby 

agree as follows: 

1. Definitions. 

(a) Confidential Material shall mean certain documents, ecords~ and infonnation that are 

not publicly available and are composed or stored jn 'Antten, electronic, digital, or any 

other medium, received from another Party and bearing the ''Confidential" legend as set 

furth in Paragraph 4 of this Agreement Confi_dential Material includes any information 

148349e>8.l 
Page 26 

identifying any names, addresses, account information, personal information (such as 

social security number, date of birth, and any other personal identification information) 

recognized by law as, or required to be maintained as. confidential including, without 

limitation, the following: 

(i) Regulatory Material: any and all documents and information related in any way to 

the regulation or supervision of the Bank, in whatever fonn, whether preliminary or 

finaL including, but not limited to, reports of examination or inspection, regulatory 

correspondence, reports, orders, memoranda, or agreements. 

(ii) Bank and Customer Material: any and all documents and information concerning 

customers of thc. Bank, including, but not limited to, bank account information, 

signalure cards, bank statements, general ledger entries, deposit information, and 

relate.d records: documents or information of any kind whatsoever that contain any 

names, addresses, account infonnation, personal information (including, but not 

limited to, social security number, date of birth, and other identifying information); 

and documents or jnfonnation in any way related to loans and lending transactions, 

including, bu1 not limited to, loan applications> financial statements and credit reports, 

business and personal state and federal income tax fonns, correspondence, and related 

loan documentation relating to any extension of credit or loan to any borrower. 

(iii)Rtteivership Material: any and all documents or information related to the 

activities of the receivership of the Bank, including, but noi limited to. any 

information on loss ot estimates of such loss on assets. 

(iv}Statutorily Protected Material: any and all documents that are confidential or 

exempt from disclosure as provided in the Freedom of Jnfom1ation Act. 5 U.S. C.§ 

552 ("FOIA"); the FDIC's regulations governing the disdosure of information, 12 

C.F.R. Part 309; the laws of the State of Georgia; or any other applicable tederal or 

state laws. 

(b) Third Party shall mean any person, individual, company, partnership, corporation! 

agency, organization, entity, legal or otherwise, who is not authorized to review 

Confidential Material pursuant to thi.s Agreement or Attaclunent B hereto. 

2. Approval of Release of Regulatory Material. The Parties understand and agree that the 

release of Regulatory Material by the FDIC may require approval from independent government 

agencies, and that no Regulatory Material, however obtained, will be disclosed to any Third 

Party without approval by the respective regulatory authority or a court order. 

3. Future Litigation. The Parties and their respective counsel may, in any future litigation 

between the Parties, challenge the Party or Parties' designation of docuq1ent or inf·ormation as 

Confidential Material, in which ~vent the Court will determine whether such documents should 

remain confidential and protected by the te.Qns of this Agreement. 'fne Parties shall not contend 

or assert that the production of ConfidentiaL Material pursuant to this Agreement in any way acts 

as a waiver of any discovery or evidentiary objections by any of the Parties or otherwise entitles 

the Parties to obtain or usc Confidential Material in a manner contrary to this Agreement. 

4. Confidential Designation and Treatment of Confidential Material. Documents su~ject to 

this Agreement. shall be designated as confidential by affixing to them the k:gend "Confidential 

Material Provided by [Name of Party)" on each page of each document. Confidential 

2 
Page 27 

electronic or digital materials shall be so designated either by ekctronic tag or by letter 

accompanying the production. The failure of any Party to designate any materials with such 

legend shall not constitute a waiver by the Parties of the right to later request that such 

documents be stamped as confidential and thereafter assert that such documents contained 

protected confidential, proprietary. personal, or trade secret infonnation or nre otherwise 

confidential. In the event that any Party inadvertently produces Confidential Material without 

designating the documents or informatjon as Confidential Material, and if the producing Party 

subsequently notifies the receiving Party or Parties and their counsel that the documents or 

information should have been designated Confidential Material, the Parties agree to treat any 

such subsequently identified documents or infonnation as duly designated Confidential Material 

and subject to this Agreement. Absent the "Confidential Material" designation or the subsequent 

notification referenced above, a receiving Party shall have no obligation to treat received 

material as Confidential Material. 

S. Documents that are not Confidential. The Parties agree that the following will not 

constitute Confidential Material for purposes of thjs Agreement: 

(a} ConJidential Material which, at the time of disclosure, is in the public domain; and 

(b) Confidential Material which shall become part of the public domain after disclosure other 

than as a consequence of a breach of this Agreement. 

6. Use of Confidential Material. Confidential Material shall be considered confidential and 

shall not oc disclosed except as provided herein. Confidential Material shall only be used in 

conjunction with the Parties' and their respecti ve counsels' investigation and analysis of the 

D&O Claim and D&O Policy or any litigation arising out of or relating to the tcm1s or conditions 

of the D&O Policy. 

7. Exceptions to Noo.-disclosure: 

{a) Exceptions to Non-diselosure: FDIC. The FDIC may disclose Confidential Material 

received pursuant to this Agreement to the following person or entities: 

(i_) FD IC personnel; including but not limited to the FDIC'.s Chairman, Board of 

Directors, in-house attorneys. investigators and senior executives, conducting, 

assisting, monitoring. reviewin ~ or making determinations with regard to or related 

to the D&O Claim, or any litigation or proceeding arising out of or related to the 

D&O Claim. and/or the D&O Policy; 

(ii) counsel (together with any employees of counsel) engaged by the FDIC to assist or 

participate in the above matters; 

(iii) vendors, experts, consultants> mediators, and. arbitrators engaged by the FDIC or its 

counsel to assist or participate in the above matters; 

(iv)auditors, examiners and regulators required or authorized by law to review materials 

that may include Confidential Material; 

(v) persons to whom the infonnation is required to he made available under the FOIA or 

the FDIC's FOlA regulations, 12 CFR §309.5, upon receipt of a proper FOlA request 

for such information; and 

3 
Page 28 

(vi)individuals, entities and agencies permitted access to exempt information under 12 

CFR §309.6, 

(b) Eueptions to Non-disclosure: Counsel. Counsel may disclose Confidential Material 

received pursuant to this Agreement to the following persons or entities: 

(i) all former directors and ofticers represented by Counsel; 

(ii) Counsel's employees who arc assisting, monitoring, reviewing, or making 

determinations with regard to or related to the D&O Claim, or any litigation or 

proceeding arising out of or related to the D&O Claim and/or the D&O Policy~ 

(iii) vendors, experts, consultants, mediators, and arbitrators engaged by Counsel to assist 

or participate in the above matters; 

(c:) Exceptions to Non-disclosure: Chubb. Chubb may disclose Confidential Material 

received pursuant to this Agreement to the following persons or entities: 

(i) counsel en gaged by Chubb to assist or participate in the above matters; 

(ii) Chubb's personnel who are assisting, monitoring, reviewing, or making 

determinations with regard to or related to the D&O Claim, or any litigation or 

proceeding arising out of or related to the D&O Claim and/or the D&O Policy; 

(iii)auditors or examiners required or authorized by Jaw to review materials that may 

include Confidential Material; 

(iv)vendors, experts, consultants, mediators, and arbitrators engaged by Chubb to assist 

or participate in the above matters 

(v) reinsurers, auditors or other entities to which Chubb may be required to respond or 

report in the ordinary course of business regarding the subject m~tter of the D&O 

Claims, but only so long as such persons or entities are already subject to 

substantially similar confideniiality obligations; and 

(vi)regulators to which Chubb may be required to respond or report in the ordinary 

course ofbusiness regarding the subject matter of the D&O Claim. 

8. Confidentiality Agreement Certificate. Confidential Material may <">nly be disclosed to 

persons or entities identified in lhc following paragraphs after that person or entity, through an 

authorized representative, agrees to be bound by this Agreement and signs a \\-Titten Agreement 

to Maintain Confidentiali(y in the form attached as Attachment B: 

(i) 7(a)(ii) and (iii) 

(ii) 7(b)(i) and (Hi} 

(iii)7(c)(i) and (iv). 

9. The Parties shall keep all of their respective Agreements to Maintain Confidentiality 

containing original or electronic signatures. 

10. Dcmsnds by Third Parties f()r Confidential Material. Notwithstanding any •Jther 

provision in this Agreement to the contrary. if any Third Party requests, requires, or demands by 

subpoena, court order, discovery request, regulatory or governmental agency inquiry, or pursuant 

to statutory, reguJatory or legal right production by a Party of Confidential Material, the Party 

4 

14&34968.1 
Page 29 

receiving such demand shall promptly notify the designated Parties outlined in Paragraph 17 of 

the document, demand or inquiry within fourteen business days of the date the Party receives any 

such document. demand or inquiry and provide the Parties with the opportunity to object to such 

disclosure. If any Party does not object to the receiving Party producing documents in response 

to such document, demand or inquiry within fourtecH business days from the date the Party 

receives the receiving Pany's notification, the receiving Party may produce documents 

responsive to such document, demand or inquiry. If any Party objects, the receiving Party shall 

not produce the Confidential Material absent court order. Should any Party choose to oppose the 

receiving Party's production of Confidential Material or the Third Party's initial. demand and 

assert any applicable protections in response to any such document~ demand, or inquiry, the 

burden and expense of opposing any such document, demand, or inquiry shaJI be borne solely by 

the objecting Party. 

t l. I• ower of Execution of Agreement. This Agreement may be executed in counterparts by 

tbe parties and each such counterpart upon execution shall be deemed a complete original 

binding the parties subscribed thereto. 

12. Violation of Agreement. rn the event of any alleged violation of this Agreement by the 

Parties or a signatory of Attachment B. the Parties shall first seck to resolve the alleged \tiolation 

through prompt and reasonable discussion. fn the event such efforts fail to promptly resolve the 

alleged violation, or within 30 days of notice to the designated Parties in par-agraph 17 that the 

alleged violation has not been eso ved~ each P'arty has ihe right to initiate litjgation in the 

appropriate venue pursuant to parn~ph 18 to resolve the violation. 

13. Dispute as to Confidential Material. By entering into this Agreement, the Parties do not 

concede that the Confidential Material provided pursuant to this Agreemeni is confidential. 

However, in order to facilitate an amicable resolution of this issue, and to allow them to move 

forward with their analysis of the D&O Claim, the Parties have agreed to enter into this 

Agreement The Jlarties specifically reserve the right to disagree and contest any such 

designation of documents or material as Confidential Material. However, shouJd a dispute arise 

between any of the Parties concerning the designation of any documents or infonnation as 

Confidential Material, the Parties agree to maintain ihe confidentiality of nny such documents 

and infom'lation as set forth herein until an agreement is reached between the Parties, or a. court 

order js entered, pem'litting the Parties to treat such documents or information other than as set 

forth herein. · 

14. No Waiver of Privileges and Rights. This Agreement in no way modifies, revises, changes, 

alters, or in any way amends the D&O Policy. Chubb's consent to this Agreement does oot 

waive any rights or defenses it may have with respect to the D&O Claim. Chubb has and 

continues to reserve all of its rights and defenses in connection with the D&O Claim under the 

D&O Policy and applicable law. Further, by cnt~ring into this Agreement the Parties do not 

waive any privilege, including any attorney-client privilege, work product protection, or any 

other privilege or protection that they might have. Nothing in this Agreement creates any rights 

of access to documents or infom1ation which the PDlC docs not voluntary provide. 

15. Entire Agreement; Modification; Waiver. This Agreement cQnstitutes the entire 

agreemenl be1wcen the undersigned parties with respect to the subject matter hereof, and any 

prior oral or written statements concerning same are merged herein for all purposes and shall be 

of no force and effect. This Agreement shall only be amended, revised or altered by a v.Titing 

5 

14lB496lU 
Page 30 

signed by the parties to this Agreement The captions heading the paragraphs of this Agreement 

are inserted for convenience only and shall no£ affect the meani11g or interpretatjon of the 

provisions hereof. 

16, Binding Effect; Assignment; Severability. This Agreement shall be binding upon and 

inure to the benefit of the undersigned parties and iheir respective heirs, executors, 

administrators, successors and assigns. No Party may assign any right or delegate any duty 

under this Agreement other than to an affiliate without the other 1)any's prior written consent. In 

the event that any provisjon hereof is deemed unlawful or unenforceable, such provision shall be 

stricken from the Agreement to the extent of such illegality or unenforceability, and the 

Agreement shaH remain in full force and effect 

l7. Noti.ce. AU notices required to be given under this Agreement shall be in writing and 

delivered to the addressees set forth below. Notice shall be sent by email and either overnight 

delivery or registered or certified maiJ, return receipt requested, and shall be considered 

delivered upon receipt. 

If to the FDIC: Gonzalez Saggio & Harlan LLP 

One Financial Way. Suite 312 

Cincinnati. Ohio 45242 

(b )(6)_ ________ __ ____ __._.L\ttn~ JL... . _____ __, 

and 

Federal Deposit Insurance Corporation 

7777 Baymeadows Way West, Room 55 1 F 

Jacksonville, Florida 32256 

(b)(6)__ _ _______ -l-\:-tta1--

(b)(6) ..... 

(b)(6)... ... . -·-······ 

If to Counsel: 

If to Chubb: 

As set iorth in Attachment A 

Claims Department 

Chubb Group of Insurance Companies 

82 Hopmeadow Street 

Simsbury, CT 06070 

............. Attcnt~o.n.lJ. ......................... .......... 

18. Governing Law. This Agreement shall be governed by federal law, and to the extent that 

state law would apply under applicable federal law, the laws of the State of Georgia. The Parties 

consen£ to venue and personal jurisdiction in the United States District Court for the Northern 

District of Georgia should any dispute relating to this Agreement arise . 

. 19. Return or D~struction of Documents. Upon the final resolution of the D&O Claim, either 

through resolution during or after the claim process, or by entry of a final, on ppealab e 

judgment governing the rights and obligations ofthe FDlC, the directors and officers of the Bank 

and Chubb under the D&O Policy. the parties agree: 

6 14~34%8 1 
Page 31 

(a) Chubb and its counsel and the FDIC may retain a copy of any ConfkientiaJ Material as 

reasonably necessary, io comply with future requests for review by reinsurers, auditors 

and regulators, or as necessary to exercise or enforce any subrogation rights or as 

necessary to meet other business requirements. When such retention is no longer needed, 

Chubb shall destroy the retained document'i in accordance with its standard record 

dcstmction procedures, subject to any applicable litigation hold or any other document or 

infonnation hold imposed by any governmenta.l body or court order. Chubb and its 

counsel shall maintain the confidentiality of all such Confidential Material retained by 

Chubb or its C<lunsel, in accordance with this Agreement until such documents are 

destroyed. This paragraph does not apply 10 any doclJrnems or information ordered 

produced by a court witholJt the limitations set forth in this Agreement 

(b) Counsel may retain an archival copy of Confidential Material for one year after the 

resolution of the D&O Claim. 

(c) All other signatories to Attachment B agree to destroy or return documents produced to 

them within twenty days of the resolution of the D&O Claim. 

20. I, ower of Execution of Agreement. Each of the signatories severally represents and 

warrants rhat he, she or il in the capacities recited herein has the full power and authority to 

execute, deliver and perform this Agreement 

2 1. This Agreement may be executed in one or more counterparts, including by facsimile and 

electronic mail. 

7 
Page 32 

and regulators, or a'\ necessary to exercise or enforce any subrogarion rights or as 

necessary w meet other business requiremems. When such retention is no Longer needed, 

Chubb shall destroy the retained documents in accordance with its standard record 

destruction procedures, subject to any applicable litigation hold or any other document or 

information hold imposed by any governmental body or court order. Chubb and its 

counsel shall maintain the confidentiality of all such Confidential Material retained by 

Chubb or its counsel, in accordance with this Agreement until such documents are 

destroyed. This paragraph does not apply to any documents or infomlation ordered 

produced by a coun without the limitations set forth in this Agreement. 

(b) Counsel may retain an archival copy of Confidential Material for one year after the 

resolution of the D&O Claim. 

(c) All other signatories co Attachment B agree to destroy or return documents produced to 

them within twenty days of the resolution of the D&O Claim. 

20. Power of Execution of Agreement. Each of the signatories severally represents and 

warrants that he, she or it in the capacities recited herein has che fuiJ power and authority to 

execute, deliver and perfonn this Agreement. 

21. This Agreement may be executed in one or more counterparts, including by facsimile and 

electronic maiL 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

As Receiver of Georgian Bank 

By ______________________ __ 

Printed Name ________ _ 

Dme ________ _ 

7 

CHUBB & SON, A DIVISION OF 

FEOERALINSL~ANCECO~W~~y 

BytL_ ___ ········.r-lPrinted Name ....... H...,.· U..,_!A'f-'&...___,.]).__..._SI.f'A:..;>IU\=-K...,:S:,.::;..._ - .J I 

Date _if / . .tj.JJ ... ~.·---~--

COUNSEl .. 

By--------------

Representing----------

Date ________________________ _ 
FEDERAl .. DEPOSIT INSURANCE 

CORPORATION 

As Receiver of Georgian Bank 

By ·~-.. ~ .... ···~·····~··~·· .. ··-·-~·---··-·-

Printed Name 

Date-----------

14834968.1 

Page 33 

8 

CHUBB & SON, A DIVISION Ql:f 

FROERAL INSURANCE COMPANY 

By ···-------······-·--.. ·····-·---.. ··------·········· 

Printed Name 

Dare _________________ _ 

Representing See Attachment A 

Date October 10, 20 I 1 
Page 34 

ATTACHMENT A 

FORJ\.U:R OFFICJi:RS OF GEORGIAN BANK, ATI.ANTA, GA 

Tricia Griner ·········-············~-····· .......... ~ ................... ---- Pamela Hubby 

: Robbie Hunter 

D~~~zJ~~tl~---~~~---­

.. Bill K . .:...:.el:.:.t.ly __ 

Dexter Lummus ·-------- ·----~··~~.-~~~~ 

1----------------------------- R ichard S ink ~··-~·--·~~~~--------1 Don Updegra._ff_~-- ____ _ Kim Ward -·--·~··~~ ··--·---··-.. · .. -------------{ 

AUn: W. Scott Sorrels, Esq. 

~....M_·, -"-W_il_li_arn_s_o_n __ ·-----·················) 

l L~~~~~~~ Dan Wolf :..::.:... ____________ . ____ _.1.. f _________ •••••••••••• ~ •••• ~ 

9 

14834961!.1 
Page 35 

ATI'ACHMENT 8 

AGREEMENT TO MAINTAIN CONFIDENTIALJTY 

I hereby acknowledge that I have been provided and have read a copy of the attached 

Confidentiality and Non~Disclosure Agreement ("Agreement"), dated ________ , 201 1, between 

the Federal Deposit Insurance Corporation as Receiver for - -······ , Counsel, and Chubb. 

1 understand that any Confidential Material within the meaning of the Agreement shown to me is 

confidential, shall be used by me only as provided in the Agreement, .and shall not be disclosed 

by me unless expressly permitted under the Agreement. I. agree to abide by the terms of the 

Agreement, including its provisions concerning the return or destruction of such C.onfidential 

Material. 

Name: --···-·-- ----·-·--·-------·- (signature} 

Name: 

(printed) 

Company: ·---·-----·--- -

Address l: 

Address 2: 

City:--·-·-······························---·--- --

State/Zip Code:----- ----- -

1483496S.I 

10 

Date: - -----

Telephone: -----·······----- (Busines..~) 

(Home) 

(Cell)