Document:

MANAGEMENT AGREEMENT

THIS AGREEMENT is to have effect and is dated for reference on the 1st
September, 2002

BETWEEN:

     CONSOLE MARKETING INC., a company duly incorporated under the laws of
     the State of Nevada and having its office at Suite 1001, 1166 Alberni
     Street, in the city of Vancouver, in the Province of British Columbia.

     (hereinafter the "Company")            OF THE FIRST PART

AND:

     MICHAEL JACKSON HAVING OFFICES AT Suite 1001, 1166 Alberni Street, in
     the city of Vancouver, in the Province of British Columbia

     (hereinafter called the "Manager")     OF THE SECOND PART

WHEREAS:

     1.   The Company was incorporated in the State of Nevada on the 19th
          of November, 2001 and wishes to pursue the development of the Console
          Bar for commercial licensing and distribution.

     2.   The Company wishes to be listed, posted and called for trading on
          the OTC BB.

     3.   The Company wishes to contract the Manager and to appoint the
          Manager to act subject to regulatory conditions, as a Manager on
          Strategic Management to the Company on the terms and conditions set
          out herein.

     4.   The Company wishes to contract the Manager and to appoint the
          Manager to provide duties and operational services to the Company and
          the Manager has agreed to be appointed by the Company and is qualified
          to render the aforesaid services. The Manager has indicated his
          willingness to accept and undertake the duties and responsibilities
          pertaining to the appointment of Manager to the Company on the terms
          set out herein.

     5.   The parties have agreed that the terms and conditions of such
          appointment will be as hereinafter set forth.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and
of the covenants hereinafter contained, the parties hereto have agreed as
follows:

<PAGE>
     1.   TERM

          Subject to the provisions hereinafter contained, the term of the
          appointment shall be for an initial term of ONE (1) year commencing on
          the date hereof, and automatically renewing each year unless
          terminated in accordance with the terms and provisions of this
          Agreement.

     2.   DEVOTION OF TIME

          It is acknowledged and agreed by the Company that the work of the
          Manager is and will part time until the company has raised working
          capital and has started a marketing campaign. The work of the Manager
          is of a supervisory nature and accordingly the Manager agrees that the
          consideration herein set forth will be in full and complete
          satisfaction for the Manager's work and services, no matter how and
          when preformed, and the Manager hereby releases the Company from any
          claims for overtime pay or compensation whatsoever which the Manager
          might have reason of any existing or future legislation or otherwise.
          The Manager will spend 20% of his time on the Company's business until
          the Company starts generating revenue and then the Manager will spend
          in excess of 50% of his time to the business affairs of the Company.

     3.   DUTIES AND RESPONSIBILITIES

          The Manager may serve as an Officer to the Company and agrees to
          perform all of the functions and duties ordinarily and necessarily
          associated with the office as may be reasonably assigned to him by the
          Board of Directors (hereinafter the "Board"), Executive Committee or
          Chairman as the case may be, of the Company.

          The Manager in accepting this appointment as Manager to the Company
          undertakes and agrees as follows to:

          3.1  Fully and faithfully discharge his duties and
               responsibilities as Manager of the Company for the term set
               forth.

          3.2  Devote his effort and attention to the business and well
               being of the Company.

          3.3  Carry out his duties as Manager to the Company consistent
               with the memorandum and articles or act of incorporation and
               by-laws of each company and the policies, resolutions,
               directions, and procedures of the Board of Directors as may be
               applicable at any time and from time to time.

<PAGE>
     4.   DURING THE TERMS OF THIS AGREEMENT

          4.1  The Manager will establish and implement the procedures for
               supervision, direction, control and operation of the
               Administration and Business Direction of the Company and will
               have the obligation, duties, authority and power to do all acts
               and things as customarily done by persons holding the position of
               Manager of Strategic Management or performing duties similar to
               those performed by a Manager of Strategic Management in
               corporations of similar size, ambition, focus, and goals of the
               Company. Including, all acts and things as are reasonably
               necessary for the efficient and proper operation and development
               of the Company, but without limiting the generality of the
               foregoing, will include all matters related to the general
               administration of the company which may reasonably be considered
               the responsibility of persons holding the position of Manager of
               Strategic Management in corporations of similar size to the
               Company

          4.2  The Manager will have the obligation, duties, authority,
               responsibility and power, at the discretion of the Board of
               Directors of the Company, to carry out duties on behalf of the
               Company, such activities to include:

               4.2.1  Advising and directing the Board of Directors, by way
                      of business planning, decision making, financial planning,
                      resource allocation, acquisitions planning for expansions
                      of the Company.

               4.2.2  Assist the Board of Directors by managing the
                      resources and capabilities of the work environment
                      especially the analytical ability to diagnose problems,
                      evaluate information, and make sound recommendations for
                      advancement of the Company.

          4.3  The Manager will have the obligation, duties, authority,
               responsibility and power, at the discretion of the Board of
               Directors of the Company, to negotiate with other persons, firms,
               corporations or financial institutions in connection with the
               arranging and securing of products or contracts for the Company's
               business, through license agreements, joint venture or
               distribution agreements, subject to approval of the Board of
               Directors and in accordance with the policies of the applicable
               regulatory bodies.

          4.4  In conducting duties under this agreement, the Manager will
               report to the Company directors and will act consistently with
               their directives and policies.

          4.5  The Manager will perform the Operational duties and
               financial services (collectively the "Services") and fulfill all
               obligations in a sound and workmanlike manner.

<PAGE>
          4.6  The Manager may engage in any other position or vocation for
               gain or accept any office or position, whether or not for gain,
               or engage in any business as long as it does not interfere with
               the business and well being of the Company.

     5.   REMUNERATION

          The Manager shall be entitled to the following form of payment:

          5.1  The Manager will be paid the sum of $500 per month during
               the term of this agreement and will be entitled to options at the
               time an Option Plan has been approved.

          5.2  The manager agrees to defer monthly payments until the
               Company starts producing revenue. However, the manager may agree
               to convert his management fees for shares at any time on the
               approval of the Board of Directors.

     6.   AMENDMENT OF REMUNERATION PAYABLE

          The remuneration payable to the Manager may be altered from time to
          time during the term of this agreement by mutual agreement, between
          the parties in writing, executed by the parties hereto, subject to any
          required securities regulatory approval. The Manager shall also be
          entitled to such annual increases as the Executive Committee of the
          Board, as the case may be, from time to time may at its discretion
          determine.

     7.   REIMBURSEMENT FOR EXPENSES

          The Manager shall be reimbursed for reasonable expenses, out of pocket
          or otherwise, incurred by the Manager in or about the execution of the
          Company's appointment or on behalf of the Company as required in the
          performance of the Manager's aforesaid duties and responsibilities.
          The Manager shall be expected to submit reimbursable expenses.
          Pre-approval is required for all such reimbursable expenses.

          All expenses relating to the operations of the Company shall be paid
          by the Company, ie. phones, hydro, rent, fax, telephone, postage, etc.

     8.   INTERRUPTION OF COMPANY'S BUSINESS

          If during the term of this agreement the Company discontinues or
          interrupts the operations of its business for a period of 90 days,
          then this agreement will automatically terminate without liability on
          the part of either of the parties hereto.

<PAGE>
     9.   NOTICE

          Any notice to be given under this agreement will be in writing and
          will be deemed to have been given if delivered to, or sent by prepaid
          registered post addressed to, the respective addresses of the parties
          appearing on the first page of this agreement (or to such other
          address as one party provides to the other in notice given according
          to this paragraph). Where a notice is given by registered post, it
          shall be conclusively deemed to be given and received on the 5th day
          after its deposit in Canada Post Office at any place in Canada.

     10.  CONFIDENTIAL INFORMATION

          The parties hereto acknowledge and agree that the Manager by virtue of
          the contract with the Company will have access to confidential and
          secret information and therefore the Manager agrees that during the
          term of this agreement and on termination or expire of the same, for
          any reason whatsoever, it will not divulge or utilize to the detriment
          of the Company any so such confidential or secret information so
          obtained.

     11.  TERMINATION OF AGREEMENT

          11.1  Notwithstanding any other provision herein, it is understood
                and agreed by and between the parties hereto that the Manager
                may terminate this agreement in its entirety by giving the
                Company not less than 30 days written notice of so such
                intention to terminate. The termination period may be reduced by
                mutual consent, in writing.

          11.2  Termination of this agreement may be instituted when cause
                is present. Cause shall mean failure of Manager to perform his
                duties or to make himself available to the Board of the Company
                in a manner consistent with his responsibilities or if Manager
                is in breach of any of the other material provisions of this
                agreement.

     12.  ARBITRATION

          Any controversy or claim arising out of or relating to this agreement
          or any breach of this agreement will be finally settled by arbitration
          in accordance with the provisions of the Commercial Arbitration Act
          (British Columbia).

     13.  MISCELLANEOUS

          13.1  This agreement will be construed under and governed by the
                laws of British Columbia.

<PAGE>
          13.2  This agreement is subject to the approval of the securities
                regulatory authorities having jurisdiction.

          13.3  This agreement may not be amended or otherwise modified
                except by an instrument in writing signed by the parties hereto.

          13.4  This agreement represents the entire agreement between the
                parties and supersedes any and all prior agreements and
                understandings, whether written or oral, between the parties.

          13.5  The titles of heading of the respective paragraphs of this
                agreement shall be regarded as having been used for reference
                and convenience only.

          13.6  The parties hereto hereby covenant and agree that they will
                execute such further agreements, conveyances and assurances as
                may be requisite or which counsel for the parties may deem
                necessary to effectual carry out the intent of this agreement.

THIS AGREEMENT shall endure to the benefit of and be binding upon the parties
hereto and their respective heirs, executors, administrators, successors and
permitted assignees.

NOTICE:  any notice or other communication ("Notice") required or permitted
         hereunder by either party to the other shall be in writing and
         delivered personally or sent by registered mail.

SIGNED, SEALED AND DELIVERED         )

/s/ Michael Jackson                  )
-----------------------------------  )
Authorized Signatory                 )

Michael Jackson, Director            )
-----------------------------------  )
Name and Title                       )

SIGNED, SEALED AND DELIVERED         )

/s/ Michael Jackson                  )
-----------------------------------  )
Authorized Signatory                 )

Michael Jackson                      )
-----------------------------------  )
Name and Title                       )Exhibit 10.1

    
      

    

    EXHIBIT
      10.1

     

     

    

    AGREEMENT
      AND PLAN OF SHARE EXCHANGE

    

    BY
      AND BETWEEN

    

    BANK
      OF CHICKAMAUGA

    

    AND

    

    SOUTHCREST
      FINANCIAL GROUP, INC.

     

     

     

    

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    AGREEMENT
      AND PLAN OF SHARE EXCHANGE

     

    Table
      of Contents

    

    

    
      	
              PREAMBLE

            	 	 	 	 	 	
              1

            
	 	 	 	 	 	 	 
	
              ARTICLE
                1

            	 	
              TRANSACTION
                AND TERMS OF THE SHARE EXCHANGE

            	 	
              1

            
	
              1.1

            	
            	
              Share
                Exchange

            	 	
              1

            
	
              1.2

            	
            	
              Time
                and Place of Closing

            	 	
              1

            
	
              1.3

            	
               

            	
              Effective
                Time

            	 	
              1

            
	
              1.4

            	 	
              Restructure
                of Transaction

            	 	
              1

            
	 	
            	 	 	 	 	 
	
              ARTICLE
                2

            	 	
              TERMS
                OF SHARE EXCHANGE

            	 	
              2

            
	
              2.1

            	
            	
              Articles
                of Incorporation and Bylaws

            	 	
              2

            
	
              2.2

            	
            	
              Directors

            	 	
              2

            
	
              2.3

            	
            	
              Officers

            	 	
              2

            
	 	
            	 	 	 	 	 
	
              ARTICLE
                3

            	 	
              MANNER
                OF CONVERTING SHARES

            	 	
              2

            
	
              3.1

            	
            	
              Conversion
                of Shares

            	 	
              2

            
	
              3.2

            	
            	
              [Reserved.]

            	 	
              3

            
	
              3.3

            	
            	
              Shares
                Held by Chickamauga or SouthCrest

            	 	
              3

            
	
              3.4

            	
            	
              Dissenting
                Shareholders

            	 	
              3

            
	 	
            	 	 	 	 	 
	
              ARTICLE
                4

            	 	
              EXCHANGE
                OF SHARES

            	 	
              4

            
	
              4.1

            	 	
              Exchange
                Procedures

            	 	
              4

            
	
              4.2

            	 	
              Rights
                of Former Shareholders

            	 	
              4

            
	 	 	 	 	 	 	 
	
              ARTICLE
                5

            	 	
              REPRESENTATIONS
                AND WARRANTIES OF
                CHICKAMAUGA

            	 	
              4

            
	
              5.1

            	 	
              Organization,
                Standing and Power

            	 	
              5

            
	
              5.2

            	 	
              Authority;
                No Breach By Agreement

            	 	
              5

            
	
              5.3

            	 	
              Capital
                Stock and Other Securities

            	 	
              6

            
	
              5.4

            	 	
              Chickamauga’s
                Subsidiaries

            	 	
              6

            
	
              5.5

            	 	
              Financial
                Statements, etc.

            	 	
              6

            
	
              5.6

            	 	
              Absence
                of Undisclosed Liabilities

            	 	
              7

            
	
              5.7

            	 	
              Absence
                of Certain Changes or Events

            	 	
              7

            
	
              5.8

            	 	
              Tax
                Matters

            	 	
              7

            
	
              5.9

            	 	
              Allowance

            	 	
              8

            
	
              5.10

            	 	
              Assets

            	 	
              9

            
	
              5.11

            	 	
              Environmental
                Matters

            	 	
              10

            
	
              5.12

            	 	
              Compliance
                with Laws

            	 	
              10

            
	
              5.13

            	 	
              Labor
                Relations

            	 	
              11

            
	
              5.14

            	 	
              Employee
                Benefit Plans

            	 	
              11

            
	
              5.15

            	 	
              Material
                Contracts

            	 	
              13

            

    

     

    
      
        
          
          

        

        
          i

          
            

          

        

        
          
          

        

      

    

     

    
      	
              5.16

            	 	
              Legal
                Proceedings

            	 	
              13

            
	
              5.17

            	 	
              Reports

            	 	
              14

            
	
              5.18

            	 	
              Statements
                True and Correct

            	 	
              14

            
	
              5.19

            	 	
              Regulatory
                Matters

            	 	
              14

            
	
              5.20

            	 	
              Derivatives

            	 	
              14

            
	
              5.21

            	 	
              Insurance
                Claims

            	 	
              14

            
	
              5.22

            	 	
              Bank
                Secrecy Act

            	 	
              14

            
	
              5.23

            	 	
              Brokers
                and Finders

            	 	
              15

            
	
              5.24

            	 	
              Loans
                to Executive Officers and Directors

            	 	
              15

            
	       	 	 	 	 	 
	
              ARTICLE
                6

            	 	
              REPRESENTATIONS
                AND WARRANTIES OF
                SOUTHCREST

            	 	
              15

            
	
              6.1

            	 	
              Organization,
                Standing and Power

            	 	
              15

            
	
              6.2

            	 	
              Authority;
                No Breach By Agreement

            	 	
              15

            
	
              6.3

            	 	
              Necessary
                Capital

            	 	
              16

            
	
              6.4

            	 	
              SEC
                Filings; Financial Statements

            	 	
              16

            
	
              6.5

            	 	
              Statements
                True and Correct

            	 	
              17

            
	
              6.6

            	 	
              Regulatory
                Matters

            	 	
              17

            
	 	
            	 	 	 	 	 
	
              ARTICLE
                7

            	 	
              CONDUCT
                OF BUSINESS PENDING CONSUMMATION

            	 	
              17

            
	
              7.1

            	 	
              Affirmative
                Covenants of Chickamauga

            	 	
              17

            
	
              7.2

            	 	 Negative
              Covenants of Chickamauga	 	
              18

            
	
              7.3

            	 	 Affirmative
              Covenants of SouthCrest	 	
              20

            
	
              7.4

            	 	 Negative
              Covenants of SouthCrest	 	
              20

            
	
              7.5

            	 	 Adverse
              Changes in Condition	 	
              20

            
	 	 	 	 	 	 	 
	
              ARTICLE
                8

            	 	
              ADDITIONAL
                AGREEMENTS

            	 	
              20

            
	
              8.1

            	 	
              Shareholder
                Approvals

            	 	
              20

            
	
              8.2

            	 	
              Defined
                Benefit Plan Termination

            	 	
              20

            
	
              8.3

            	 	
              Applications

            	 	
              21

            
	
              8.4

            	 	
              Filings
                with State Office

            	 	
              21

            
	
              8.5

            	 	
              Agreement
                as to Efforts to Consummate

            	 	
              21

            
	
              8.6

            	 	
              Investigation
                and Confidentiality

            	 	
              21

            
	
              8.7

            	 	
              Press
                Releases

            	 	
              23

            
	
              8.8

            	 	
              Certain
                Actions

            	 	
              23

            
	
              8.9

            	 	
              Access;
                Information

            	 	
              23

            
	
              8.10

            	 	
              Employee
                Benefits and Contracts

            	 	
              23

            
	
              8.11

            	 	
              D&O
                Coverage

            	 	
              24

            
	
              8.12

            	 	
              Indemnification

            	 	
              24

            
	
              8.13

            	 	
              Shareholder
                Support Agreements

            	 	
              25

            
	 	 	 	 	 	 	 
	
              ARTICLE
                9

            	 	
              CONDITIONS
                PRECEDENT TO OBLIGATIONS TO
                CONSUMMATE

            	 	
              25

            
	
              9.1

            	 	
              Conditions
                to Obligations of Each Party

            	 	
              25

            
	
              9.2

            	 	
              Conditions
                to Obligations of SouthCrest

            	 	
              26

            
	
              9.3

            	 	
              Conditions
                to Obligations of Chickamauga

            	 	
              28

            

    

     

    
      
        
          
          

        

        
          ii

          
            

          

        

        
          
          

        

      

    

     

    
      	
              ARTICLE
                10

            	 	
              TERMINATION

            	 	
              28

            
	
              10.1

            	 	
              Termination

            	 	
              28

            
	
              10.2

            	
            	
              Effect
                of Termination

            	 	
              29

            
	
              10.3

            	 	
              Non
                Survival of Representations and
                Covenants

            	 	
              30

            
	       	 	 	 	 	 
	
              ARTICLE
                11

            	 	
              MISCELLANEOUS

            	 	
              30

            
	
              11.1

            	 	
              Definitions

            	 	
              30

            
	
              11.2

            	 	
              Expenses

            	 	
              36

            
	
              11.3

            	 	
              Brokers
                and Finders

            	 	
              37

            
	
              11.4

            	 	
              Entire
                Agreement

            	 	
              37

            
	
              11.5

            	 	
              Amendments

            	 	
              37

            
	
              11.6

            	 	
              Waivers

            	 	
              38

            
	
              11.7

            	 	
              Assignment

            	 	
              38

            
	
              11.8

            	 	
              Notices

            	 	
              38

            
	
              11.9

            	 	
              Governing
                Law

            	 	
              39

            
	
              11.10

            	 	
              Counterparts

            	 	
              39

            
	
              11.11

            	 	
              Captions;
                Articles and Sections

            	 	
              39

            
	
              11.12

            	 	
              Enforcement
                of Agreement

            	 	
              40

            
	
              11.13

            	 	
              Severability

            	 	
              40

            
	
              11.14

            	 	
              Interpretation
                of Agreement

            	 	
              40

            

    

     

    
      
        
           

        

        
          iii

          
            

          

        

        
          Table
            of Contents

        

      

    

    

    AGREEMENT
      AND PLAN OF SHARE EXCHANGE

    

    THIS
      AGREEMENT AND PLAN OF SHARE EXCHANGE
      (this
“Agreement”) is made and entered into as of
      February
      23, 2007,
      by
      and between Bank of Chickamauga (“Chickamauga”), a bank organized and existing
      under the laws of the State of Georgia, and SouthCrest Financial Group, Inc.
      (“SouthCrest”), a corporation organized and existing under the laws of the State
      of Georgia.

     

    Preamble

    

    The
      Boards of Directors of Chickamauga and SouthCrest are of the opinion that the
      transaction described herein is in the best interest of the parties and their
      respective shareholders. This Agreement provides for the acquisition of
      Chickamauga with and into SouthCrest. 

    

    Certain
      terms used in this Agreement are defined in Section 11.1 of this
      Agreement.

    

    NOW,
      THEREFORE,
      in
      consideration of the above and the mutual warranties, representations, covenants
      and agreements set forth herein, the parties, intending to be legally bound,
      agree as follows:

    

    ARTICLE
      1

    TRANSACTION
      AND TERMS OF THE SHARE EXCHANGE

    

    1.1   Share
      Exchange.
      Pursuant to the provisions of Section 14-2-1102 of the Georgia Code, Chickamauga
      shall become a wholly-owned subsidiary of SouthCrest through the Share Exchange.
      The separate corporate existence of each of SouthCrest and Chickamauga shall
      continue following the Share Exchange.

    

    1.2   Time
      and Place of Closing.
      The
      Closing will take place at 9:30 a.m. on the date that the Effective Time occurs
      (or the immediately preceding day if the Effective Time is earlier than 9:30
      a.m.), or at such other time as the Parties, acting through their Chief
      Executive Officers, may mutually agree. The place of Closing shall be at the
      offices of Powell Goldstein LLP, Atlanta, Georgia, or such other place as may
      be
      mutually agreed upon by the Parties.

    

    1.3   Effective
      Time.
      The
      Share Exchange contemplated by this Agreement shall become effective on the
      date
      and at the time the Certificate of Share Exchange reflecting the Share Exchange
      shall become effective with the Secretary of State of the State of Georgia.
      The
      Effective Time shall occur on a date as may be mutually agreed upon in writing
      by the Chief Executive Officers of each Party.

    

    1.4   Restructure
      of Transaction.
      SouthCrest shall have the right to revise the structure of the Share Exchange
      contemplated by this Agreement, including substituting a separate entity as
      the
      acquiror, provided that no such revision to the structure of the Share Exchange
      (i) shall result in any changes in the amount or type of the consideration
      which
      the Chickamauga shareholders are entitled to receive under this Agreement,
      (ii)
      would unreasonably impede or delay consummation of the Share Exchange,
      (iii) would substitute an entity that is unsatisfactory to the Regulatory
      Authorities, or (iv) imposes any less favorable terms or conditions on
      Chickamauga or Chickamauga’s shareholders. SouthCrest may revise the structure
      of the Share Exchange by giving written notice to Chickamauga in the manner
      provided in Section 11.8, which notice shall be in the form of an amendment
      to
      this Agreement or in the form of a proposed amendment to this Agreement or
      in
      the form of an Amended and Restated Agreement and Plan of Share Exchange, and
      the addition of such other exhibits hereto as are reasonably necessary or
      appropriate to effect such change and Chickamauga agrees to cooperate in all
      respects and to take any necessary or useful actions with respect
      thereto.

    

    
      
        
           

        

        
          1

          
            

          

        

        
          Table
            of Contents

        

      

    

    

    ARTICLE
      2

    TERMS
      OF SHARE EXCHANGE

    

    2.1   Articles
      of Incorporation and Bylaws.
      The
      Articles of Incorporation of Chickamauga in effect immediately prior to the
      Effective Time shall be the Articles of Incorporation of Chickamauga after
      the
      Effective Time until duly amended or repealed. The Bylaws of Chickamauga
      provided for in the Certificate of Share Exchange shall be the Bylaws of
      Chickamauga after the Effective Time until duly amended or
      repealed.

    

    2.2   Directors.
      The
      directors provided for in the Certificate of Share Exchange shall serve as
      the
      directors of Chickamauga from and after the Effective Time in accordance with
      the Bylaws of Chickamauga. 

    

    2.3   Officers.
      The
      officers provided for in the Certificate of Share Exchange shall serve as the
      officers of Chickamauga from and after the Effective Time in accordance with
      the
      Bylaws of Chickamauga. 

    

    ARTICLE
      3

    MANNER
      OF CONVERTING SHARES

    

    3.1   Conversion
      of Shares.
      SouthCrest shall pay an aggregate of $18,000,000.00 in cash. As described in
      this Section 3.1, this cash will be used to pay certain expenses, with the
      net
      amount allocated among the shareholders of Chickamauga. At the Effective Time,
      subject to the provisions of this Article 3, by virtue of the Share Exchange
      and
      without any action on the part of SouthCrest, Chickamauga or the shareholders
      of
      either of them, each share of Chickamauga Stock, excluding shares that are
      to be
      canceled pursuant to Section 3.3 or those shares held by shareholders who
      perfect their statutory dissenters’ rights as described in Section 3.4, issued
      and outstanding immediately prior to the Effective Time shall be acquired by
      SouthCrest in exchange for the right to a cash payment equal to the Per Share
      Purchase Price (as defined below) less applicable withholding taxes, if any,
      required to be withheld with respect to such payment. 

    

    
      
        
           

        

        
          2

          
            

          

        

        
          Table
            of Contents

        

      

    

    

    The
      Per
      Share Purchase Price shall equal the Share Exchange Consideration (as defined
      below) divided by the number of shares of Chickamauga Stock issued and
      outstanding immediately prior to the Effective Time. The Share Exchange
      Consideration shall equal: (i) $18,000,000; (ii) minus expenses, fees
      and costs of Chickamauga or SouthCrest, including, but not limited to,
      supplemental contributions, annuity costs, actuarial fees and legal fees, in
      excess of $583,500 incurred subsequent to September 30, 2006, related to the
      termination of the Defined Benefit Plan, satisfaction of all benefit obligations
      thereunder, liquidation of the Defined Benefit Plan trust and/or the expenses,
      fees and costs related to such termination pursuant to Section 8.2 of this
      Agreement; (iii) minus payments in excess of $230,000 made on behalf of or
      to
      discharge any payment obligation of Chickamauga for legal, accounting (excluding
      payments associated with the audit required by Section 9.2(f) of this
      Agreement), investment advisor or similar fees in connection with the Share
      Exchange (other than those included in clause (ii)); and (iv) minus payments,
      other than and excluding those disclosed on Schedule
      3.1(iv),
      made on
      behalf of or to discharge any payment obligation of Chickamauga for any
      termination fees, liquidated damages, or similar charges related to change
      of
      control or similar provisions in any contract or other agreement, whether
      written or oral that are triggered by this Share Exchange. 

    

    If
      Chickamauga has not fully satisfied all benefit obligations, fully liquidated
      the Defined Benefit Plan trust and paid all other fees, costs and expenses
      associated with the termination of the Defined Benefit Plan at or before the
      Effective Time, SouthCrest may withhold a reasonable, satisfactory amount that
      has been mutually agreed to by the Parties (the “Holdback Amount”) from the
      Share Exchange Consideration, to complete the termination of the Defined Benefit
      Plan, satisfy all benefit obligations, fully liquidate the Defined Benefit
      Plan
      trust and/or pay the expenses, fees and costs related to such termination.
      Within 20 days after the events have occurred, SouthCrest shall distribute
      the
      Holdback Amount less the amount of all obligations, expenses, fees and costs
      of
      Chickamauga or SouthCrest, including, but not limited to, supplemental
      contributions, annuity costs, actuarial fees and legal fees, in excess of
      $583,500 incurred subsequent to September 30, 2006, related to the termination
      and complete liquidation of the Defined Benefit Plan (the “Net Holdback”), plus
      interest on the Net Holdback starting on the date of Closing at a rate equal
      to
      LIBOR plus 50 basis points (0.50%) compounded monthly. 

    

    3.2   [Reserved.]

    

    3.3   Shares
      Held by Chickamauga or SouthCrest
      Each of
      the shares of Chickamauga Stock held by Chickamauga or any SouthCrest Company,
      in each case other than in a fiduciary capacity or as a result of debts
      previously contracted, shall be canceled and retired at the Effective Time,
      and
      no consideration shall be issued in exchange therefor.

    

    3.4   Dissenting
      Shareholders.
      Each
      holder of shares of Chickamauga Stock shall be entitled to exercise dissenters’
rights of appraisal in accordance with and as contemplated by Sections 7-1-537
      and 14-2-1301 et
      seq.
      of the
      Georgia Code. Any holder of shares of Chickamauga Stock who perfects his
      dissenter’s right of appraisal in accordance with and as contemplated by
      Sections 7-1-537 and 14-2-1301 et seq. of the Georgia Code shall be entitled
      to
      receive the value of such shares in cash as determined pursuant to such
      provision of Law; provided,
      however,
      that no
      such payment shall be made to any dissenting shareholder unless and until such
      dissenting shareholder has complied with the applicable provisions of the
      Georgia Code and surrendered to the appropriate Party the certificate or
      certificates representing the shares for which payment is being made. In the
      event that after the Effective Time a dissenting shareholder of either Party
      fails to perfect, or effectively withdraws or loses, his right to appraisal
      and
      of payment for his shares, SouthCrest shall issue and deliver the consideration
      to which such shareholder is entitled under this Article 3 (without interest)
      upon surrender by such shareholder of his or her certificate or certificates
      representing the shares of common stock of either Party.

    

    
      
        
           

        

        
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    ARTICLE
      4

    EXCHANGE
      OF SHARES

    

    4.1   Exchange
      Procedures.
      Within
      20 days after the Effective Time, SouthCrest shall, as exchange agent, mail
      to
      the former shareholders of Chickamauga appropriate transmittal and election
      materials (which shall specify that delivery shall be effected, and risk of
      loss
      and title to the certificates theretofore representing shares of Chickamauga
      Stock shall pass, only upon proper delivery of such certificates to SouthCrest).
      After the Effective Time, each holder of shares of Chickamauga Stock (other
      than
      shares to be canceled pursuant to Section 3.3 of this Agreement or as to which
      dissenters’ rights of appraisal have been perfected as provided in
      Section 3.4 of this Agreement) issued and outstanding at the Effective Time
      shall surrender the certificate or certificates representing such shares to
      SouthCrest and shall within 20 days after surrender thereof receive in exchange
      therefor the consideration provided in Section 3.1 of this Agreement. SouthCrest
      shall not be obligated to deliver the consideration to which any former holder
      of Chickamauga Stock is entitled as a result of the Share Exchange until such
      holder surrenders his certificate or certificates representing the shares of
      Chickamauga Stock for exchange as provided in this Section 4.1. The certificate
      or certificates of Chickamauga Stock so surrendered shall be duly endorsed
      as
      SouthCrest may require. Any other provision of this Agreement notwithstanding,
      SouthCrest shall not be liable to a holder of Chickamauga Stock for any amounts
      paid or property delivered in good faith to a public official pursuant to any
      applicable abandoned property Law.

    

    4.2   Rights
      of Former Shareholders.
      At the
      Effective Time, the stock transfer books of Chickamauga shall be closed as
      to
      holders of Chickamauga Stock immediately prior to the Effective Time, and no
      transfer of Chickamauga Stock by any such holder shall thereafter be made or
      recognized. Until surrendered for exchange in accordance with the provisions
      of
      Section 4.1 of this Agreement, each certificate theretofore representing shares
      of Chickamauga Stock (other than shares to be canceled pursuant to Sections
      3.3
      and 3.4 of this Agreement) shall from and after the Effective Time represent
      for
      all purposes only the right to receive the consideration provided in
      Sections 3.1 and 3.5 of this Agreement in exchange therefor. 

    

    ARTICLE
      5

    REPRESENTATIONS
      AND WARRANTIES OF CHICKAMAUGA

    

    No
      representation or warranty contained in this Article 5 shall be deemed untrue
      or
      incorrect, and Chickamauga shall not be deemed to have breached a representation
      or warranty as a consequence of the existence or absence of any fact, event
      or
      circumstance, unless such fact, event or circumstance, whether individually
      or
      in the aggregate with all other facts, has had or is reasonably likely to have
      a
      Material Adverse Effect on Chickamauga and is not set forth in the document
      of
      even date herewith delivered by Chickamauga to SouthCrest prior to the execution
      and delivery of this Agreement and referring to the representations and
      warranties in this Agreement (the “Chickamauga Disclosure Schedule”).

    

    
      
        
           

        

        
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    Except
      as
      disclosed in the Chickamauga Disclosure Schedule, Chickamauga hereby represents
      and warrants to SouthCrest as follows: 

    

    5.1   Organization,
      Standing and Power.
      Chickamauga is a bank duly organized, validly existing and in good standing
      under the Laws of the State of Georgia and its deposits are insured by the
      FDIC
      up to applicable limits. Chickamauga has the corporate power and authority
      to
      carry on its business as now conducted and to own, lease and operate its Assets.
      Chickamauga does not own any property or conducts any business outside of the
      State of Georgia which would require it to be qualified as a foreign corporation
      in any jurisdiction. 

    

    5.2   Authority;
      No Breach By Agreement

    

    (a)   Chickamauga
      has the corporate power and authority necessary to execute, deliver and perform
      its obligations under this Agreement and to consummate the transactions
      contemplated hereby. The execution, delivery and performance of this Agreement
      and the consummation of the transactions contemplated herein, including the
      Share Exchange, have been duly and validly authorized by all necessary corporate
      action in respect thereof on the part of Chickamauga, subject to the approval
      of
      this Agreement by the holders of at least two-thirds of the outstanding shares
      of Chickamauga Stock entitled to vote at the Chickamauga Meeting. Subject to
      the
      Consents of Regulatory Authorities and Chickamauga shareholder approval, this
      Agreement represents a legal, valid and binding obligation of Chickamauga,
      enforceable against Chickamauga in accordance with its terms (except in all
      cases as such enforceability may be limited by applicable bankruptcy,
      insolvency, reorganization, moratorium or similar Laws affecting the enforcement
      of creditors’ rights generally and except that the availability of the equitable
      remedy of specific performance or injunctive relief is subject to the discretion
      of the court before which any proceeding may be brought).

    

    (b)   Neither
      the execution and delivery of this Agreement by Chickamauga nor the consummation
      by Chickamauga of the transactions contemplated hereby, nor compliance by
      Chickamauga with any of the provisions hereof, will (i) conflict with or
      result in a breach of any provision of Chickamauga’s Articles of Incorporation
      or Bylaws, or (ii) constitute or result in a Default under, or require any
      Consent pursuant to, or result in the creation of any Lien on any Asset of
      Chickamauga under, any Contract or Permit of Chickamauga, or (iii) subject
      to
      receipt of the requisite approvals referred to in Section 9.1(a) and
      (b) of this Agreement, violate any Law or Order applicable to Chickamauga
      or any of its Assets.

    

    (c)   No
      notice
      to, filing with or Consent of any public body or authority is necessary for
      the
      consummation by Chickamauga of the Share Exchange and the transaction
      contemplated in this Agreement other than (i) in connection or compliance with
      the provisions of the Securities Laws, applicable state corporate and securities
      Laws, (ii) Consents required from Regulatory Authorities, (iii) notices to
      or
      filings with the IRS or the Pension Benefit Guaranty Corporation with respect
      to
      any employee benefit plans, (iv) under the HSR Act, and (v) Consents, filings
      or
      notifications.

    

    
      
        
           

        

        
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    5.3   Capital
      Stock and Other Securities

    

    (a)   The
      authorized capital stock of Chickamauga consists of 20,000 shares of Chickamauga
      Common Stock, $10.00 par value (the “Chickamauga Stock”). As of
      the date
      hereof, there
      were 20,000 shares of Chickamauga Stock issued and outstanding. All of the
      issued and outstanding shares of Chickamauga Stock are duly and validly issued
      and outstanding and are fully paid and nonassessable under the Georgia Code.
      None of the outstanding shares of capital stock of Chickamauga has been issued
      in violation of any preemptive rights of the current or past shareholders of
      Chickamauga. 

    

    (b)   There
      are
      no shares of capital stock or other equity securities of Chickamauga outstanding
      and no outstanding options, warrants, scrip, rights to subscribe to, calls
      or
      commitments of any character whatsoever relating to, or securities or rights
      convertible into or exchangeable for, shares of the capital stock of Chickamauga
      or contracts, commitments, understandings or arrangements by which Chickamauga
      is or may be bound to issue additional shares of its capital stock or options,
      warrants or rights to purchase or acquire any additional shares of its capital
      stock.

    

    (c)   The
      list
      of shareholders of Chickamauga attached hereto as Exhibit A
      is true
      and correct. 

    

    5.4   Chickamauga’s
      Subsidiaries.
      Chickamauga has no subsidiaries.

    

    5.5   Financial
      Statements, etc 

    

    (a)   Chickamauga
      has Previously Disclosed, and delivered to SouthCrest prior to the execution
      of
      this Agreement, copies of all Chickamauga Financial Statements for periods
      ended
      prior to the date hereof and will deliver to SouthCrest copies of all
      Chickamauga Financial Statements and monthly financial statements for
      Chickamauga prepared subsequent to the date hereof. The Chickamauga Financial
      Statements (as of the dates thereof and for the periods covered thereby)
      (i) are or will be, if dated after the date of this Agreement, in
      accordance with the books and records of Chickamauga, which are or will be,
      complete and correct and which have been or will have been maintained in
      accordance with good business practices, and (ii) present or will present
      fairly the financial position of Chickamauga as of the dates indicated and
      the
      results of operations, changes in shareholders’ equity and cash flows of
      Chickamauga for the periods indicated, in accordance with GAAP (subject to
      any
      exceptions as to consistency specified therein or as may be indicated in the
      notes thereto or, in the case of interim financial statements, to normal
      recurring period-end adjustments that are not Material). To the Knowledge of
      Chickamauga, (i) the Chickamauga Financial Statements do not contain any untrue
      statement of a fact or omit to state a fact necessary to make the Chickamauga
      Financial Statements not misleading with respect to the periods covered by
      them
      and (ii) the Chickamauga Financial Statement fairly present, in all respects,
      the financial condition, results of operations and cash flows of Chickamauga
      as
      of, and for, the periods covered by them.

    

    
      
        
           

        

        
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    (b)   Chickamauga
      maintains accurate books and records reflecting its respective assets and
      liabilities and maintains proper and adequate internal accounting controls
      which
      provide assurance that (i) transactions are executed with management’s
      authorization; (ii) transactions are recorded as necessary to permit
      preparation of the consolidated financial statements of Chickamauga and to
      maintain accountability for Chickamauga’s consolidated assets; (iii) access
      to Chickamauga’s consolidated assets is permitted only in accordance with
      management’s authorization; (iv) the reporting of Chickamauga’s
      consolidated assets is compared with existing assets at regular intervals;
      (v)
      accounts, notes and other receivables and inventory are recorded accurately;
      and
      (vi) proper and adequate procedures are implemented to effect the
      collection thereof on a current and timely basis.

    

    5.6   Absence
      of Undisclosed Liabilities.
      Chickamauga does not have any Liabilities that are reasonably likely to have,
      individually or in the aggregate, a Material Adverse Effect on Chickamauga,
      except Liabilities which are accrued or reserved against in the consolidated
      balance sheets of Chickamauga as of December 31, 2005 and September 30,
      2006 included in the Chickamauga Financial Statements or reflected in the notes
      thereto. Chickamauga has not incurred or paid any Liability since September
      30,
      2006, except for such Liabilities incurred or paid in the ordinary course of
      business consistent with past business practice and which are not reasonably
      likely to have, individually or in the aggregate, a Material Adverse Effect
      on
      Chickamauga. 

    

    5.7   Absence
      of Certain Changes or Events.
      Since
      September 30, 2006, (i) there have been no events, changes or occurrences which
      have had, or are reasonably likely to have, individually or in the aggregate,
      a
      Material Adverse Effect on Chickamauga (ii) Chickamauga has not taken any
      action, or failed to take any action, prior to the date of this Agreement,
      which
      action or failure, if taken after the date of this Agreement, would represent
      or
      result in a Material breach or violation of any of the covenants and agreements
      of Chickamauga provided in Article 7 of this Agreement, and (iii)
      Chickamauga has conducted its business in the ordinary and usual course
      (excluding the incurrence of expenses in connection with this Agreement and
      the
      transactions contemplated hereby).

    

    5.8   Tax
      Matters.
      

    

    (a)   All
      Tax
      returns required to be filed by or on behalf of Chickamauga have been timely
      filed or requests for extensions have been timely filed, granted and have not
      expired for periods ended on or before December 31, 2005, and on or before
      the
      date of the most recent fiscal year end immediately preceding the Effective
      Time, and all returns filed are complete and accurate in all respects to the
      Knowledge of Chickamauga. All Taxes shown on filed returns have been paid as
      of
      the date of this Agreement, and there is no audit, examination, deficiency,
      or
      refund Litigation with respect to any Taxes, except as reserved against in
      the
      Chickamauga Financial Statements delivered prior to the date of this Agreement.
      All Taxes and other Liabilities due with respect to completed and settled
      examinations or concluded Litigation have been paid.

    

    (b)   Chickamauga
      has not executed an extension or waiver of any statute of limitations on the
      assessment or collection of any Tax due that is currently in effect, and no
      unpaid tax deficiency has been asserted in writing against or with respect
      to
      Chickamauga, which deficiency is reasonably likely to have, individually or
      in
      the aggregate, a Material Adverse Effect on Chickamauga.

    

    
      
        
           

        

        
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    (c)   Adequate
      provision for any Taxes due or to become due by Chickamauga for the period
      or
      periods through and including the date of the respective Chickamauga Financial
      Statements has been made and is reflected on such Chickamauga Financial
      Statements.

    

    (d)   Deferred
      Taxes of Chickamauga have been provided for in accordance with GAAP. Chickamauga
      has adopted Financial Accounting Standards Board Statement 109, “Accounting for
      Income Taxes.” 

    

    (e)   Chickamauga
      is in compliance with, and its records contain all information and documents
      (including, without limitation, properly completed IRS Forms W-9) necessary
      to
      comply with, all applicable information reporting and Tax withholding
      requirements under federal, state and local Tax Laws, and such records identify
      with specificity all accounts subject to backup withholding under Section 3406
      of the Internal Revenue Code.

    

    (f)   Chickamauga
      has not made any payments, is not obligated to make any payments and is not
      a
      party to any contract, agreement or other arrangement that could obligate it
      to
      make any payments that would be disallowed as a deduction under Section 280G
      or
      162(m) of the Internal Revenue Code.

    

    (g)   There
      are
      no Material Liens with respect to Taxes upon any of the Assets of
      Chickamauga.

    

    (h)   There
      has
      not been an ownership change, as defined in Internal Revenue Code Section
      382(g), of Chickamauga that has occurred during or after any Taxable Period
      in
      which Chickamauga incurred a net operating loss that carries over to any Taxable
      Period ending after December 31, 2005.

    

    (i)   Chickamauga
      has not filed any consent under Section 341(f) of the Internal Revenue Code
      concerning collapsible corporations.

    

    (j)   Chickamauga
      has not nor has had a permanent establishment in any foreign country, as defined
      in any applicable tax treaty or convention between the United States and such
      foreign country.

    

    5.9   Allowance.
      The
      Allowance shown on the consolidated balance sheets of Chickamauga included
      in
      the most recent Chickamauga Financial Statements dated prior to the date of
      this
      Agreement was, and the Allowance shown on the consolidated balance sheets of
      Chickamauga included in the Chickamauga Financial Statements as of dates
      subsequent to the execution of this Agreement will be, as of the dates thereof,
      to the Knowledge of Chickamauga, adequate (within the meaning of GAAP and
      applicable regulatory requirements or guidelines) to provide for losses relating
      to or inherent in the loan and lease portfolios (including accrued interest
      receivables) of Chickamauga and other extensions of credit by Chickamauga as
      of
      the dates thereof, except where the failure of such Allowance to be so adequate
      is not reasonably likely to have a Material Adverse Effect on
      Chickamauga.

    

    
      
        
           

        

        
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    5.10   Assets.
      

    

    (a)   As
      of the
      date hereof, all loans, discounts and financing leases (in which Chickamauga
      is
      lessor) reflect on the latest Chickamauga Financial Statement were, and with
      respect to the latest Chickamauga Financial Statements delivered as of the
      dates
      subsequent to the execution of this Agreement will be as of the dates thereof,
      (i) at the time and under the circumstances in which made, made for good,
      valuable and adequate consideration in the ordinary course of business of its
      consolidated group and are the legal, valid and binding obligations of the
      obligors thereof, (ii) evidenced by genuine notes, agreements or other
      evidences of indebtedness and (iii) to the extent secured, have been
      secured, to the knowledge of Chickamauga by valid liens and security interests
      which have been perfected. Accurate lists of all loans, discounts and financing
      leases as of September 30, 2006 and on a monthly basis thereafter, and of the
      investment portfolios of Chickamauga as of such date, have been and will be
      delivered to SouthCrest concurrently with this Agreement. Except as disclosed
      in
      the Chickamauga Disclosure Schedule, Chickamauga is not a party to any written
      or oral loan agreement, note or borrowing arrangement, including any loan
      guaranty, that was, as of the most recent month-end (A) delinquent by more
      than 30 days in the payment of principal or interest, (B) known by
      Chickamauga to be otherwise in default for more than 30 days,
      (C) classified as “substandard,” “doubtful,” “loss,” “other assets
      especially mentioned” or any comparable classification by Chickamauga, the FDIC
      or the Georgia Department of Banking and Finance, (D) an obligation of any
      director, executive officer or 10% shareholder of Chickamauga who is subject
      to
      Regulation O of the Federal Reserve Board (12 C.F.R. Part 215), or any person,
      corporation or enterprise controlling, controlled by or under common control
      with any of the foregoing, or (E) in violation of any law, regulation or
      rule of any governmental authority, other than those that are immaterial in
      amount.

    

    (b)   Except
      as
      disclosed and reserved against in the Chickamauga Financial Statements,
      Chickamauga has good and marketable title, free and clear of all Liens, to all
      of its Assets. All tangible properties used in the businesses of Chickamauga
      is
      in good condition, reasonable wear and tear excepted, and are usable in the
      ordinary course of business consistent with Chickamauga’s past practices except
      for deficiencies that are not likely to have individually or in the aggregate
      a
      Material Adverse Effect on Chickamauga. All Assets which are Material to
      Chickamauga’s business held under leases or subleases by Chickamauga, are held
      under valid Contracts enforceable in accordance with their respective terms
      (except as enforceability may be limited by applicable bankruptcy, insolvency,
      reorganization, moratorium or other Laws affecting the enforcement of creditors’
rights generally and except that the availability of the equitable remedy of
      specific performance or injunctive relief is subject to the discretion of the
      court before which any proceedings may be brought), and each such Contract
      is in
      full force and effect. Management believes that the policies of fire, theft,
      liability and other insurance maintained with respect to the Assets or
      businesses of Chickamauga provide adequate coverage against loss or Liability,
      and the fidelity and blanket bonds in effect as to which Chickamauga is a named
      insured are, in the reasonable belief of Chickamauga’s management, reasonably
      sufficient. Chickamauga has not received notice from any insurance carrier
      that
      (i) such insurance will be canceled or that coverage thereunder will be reduced
      or eliminated or (ii) premium costs with respect to such policies of insurance
      will be substantially increased. The Assets of Chickamauga include all assets
      required to operate the business of Chickamauga as presently
      conducted.

    

    
      
        
           

        

        
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    5.11   Environmental
      Matters.
      

    

    (a)   Chickamauga,
      its Participation Facilities and Loan Properties are, and have been, to the
      Knowledge of Chickamauga, in full compliance with all Environmental
      Laws.

    

    (b)   There
      is
      no Litigation pending or, to the Knowledge of Chickamauga, threatened before
      any
      court, governmental agency, board, authority or other forum in which Chickamauga
      or any of its Participation Facilities and Loan Properties has been or, with
      respect to threatened Litigation, may be named as a defendant or potentially
      responsible party (i) for alleged noncompliance (including by any
      predecessor) with any Environmental Law or (ii) relating to the release
      into the environment of any Hazardous Material, whether or not occurring at,
      on,
      under or involving a site owned, leased or operated by Chickamauga or any of
      its
      Participation Facilities and Loan Properties.

    

    (c)   To
      the
      Knowledge of Chickamauga, there is no reasonable basis for any Litigation of
      a
      type described in subsection (b).

    

    (d)   During
      the period of (i) Chickamauga’s ownership or operation of any of its
      current properties, (ii) Chickamauga’s participation in the management of
      any Participation Facility or (iii) Chickamauga’s holding of a security
      interest in a Loan Property, there have been, to the Knowledge of Chickamauga,
      no releases, spills or discharges of Hazardous Material or other conditions
      involving Hazardous Materials in, on, under or affecting any Participation
      Facility or Loan Property.

    

    (e)   To
      the
      Knowledge of Chickamauga, there is no asbestos or lead paint in the current
      properties of any of Chickamauga’s properties.

    

    5.12   Compliance
      with Laws.
      Chickamauga has in effect all Permits necessary for it to own, lease or operate
      its Assets and to carry on its business as now conducted. 

    

    (a)   Chickamauga
      is not in violation of any Laws, Orders or Permits applicable to its business
      or
      employees conducting its business.

    

    (b)   Chickamauga
      has not received any notification or communication from any agency or department
      of federal, state or local government or any Regulatory Authority or the staff
      thereof (i) asserting that Chickamauga is not in compliance with any of the
      Laws
      or Orders which such governmental authority or Regulatory Authority enforces,
      or
      (iii) requiring Chickamauga to enter into or consent to the issuance of a cease
      and desist order, formal agreement, directive, commitment or memorandum of
      understanding, or to adopt any Board resolution or similar undertaking, which
      restricts the conduct of its businesses, or in any manner relates to their
      respective capital adequacy, credit or reserve policies, management or the
      payment of dividends.

    

    
      
        
           

        

        
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    5.13   Labor
      Relations.
      Chickamauga is not the subject of any Litigation asserting that it has committed
      an unfair labor practice (within the meaning of the National Labor Relations
      Act
      or comparable state law) or seeking to compel Chickamauga to bargain with any
      labor organization as to wages or conditions of employment, nor is Chickamauga
      a
      party to or bound by any collective bargaining agreement, Contract or other
      agreement or understanding with a labor union or labor organization, nor is
      there any strike or other labor dispute involving either of them, pending or
      threatened, nor is there any activity involving Chickamauga’s employees seeking
      to certify a collective bargaining unit or engaging in any other organization
      activity.

     

    5.14   Employee
      Benefit Plans.

    

    (a)   Chickamauga
      has disclosed on the Chickamauga Disclosure Schedule a complete list, and
      delivered or made available to SouthCrest prior to the execution of this
      Agreement, correct and complete copies in each case, of all pension, retirement,
      profit-sharing, deferred compensation, stock option, employee stock ownership,
      severance pay, vacation, bonus or other incentive plans, all other written
      employee programs, arrangements or agreements, all medical, vision, dental
      or
      other health plans, all life insurance plans and all other employee benefit
      plans or fringe benefit plans, including, without limitation, “employee benefit
      plans” as that term is defined in Section 3(3) of ERISA currently adopted,
      maintained by, sponsored in whole or in part by, or contributed to by
      Chickamauga or any company that together therewith is treated as a single
      employer under Section 414 of the Internal Revenue Code (a “Chickamauga
      ERISA Affiliate”),
      or
      with respect to which Chickamauga or any Chickamauga ERISA Affiliate has any
      unsatisfied liability whether contingent or otherwise, for the benefit of
      employees, retirees, dependents, spouses, directors, independent contractors
      or
      other beneficiaries (collectively, the “Chickamauga
      Benefit Plans”).
      Each
      of the Chickamauga Benefit Plans which is an “employee welfare benefit plan,” as
      that term is defined in Section 3(l) of ERISA, or an “employee pension
      benefit plan,” as that term is defined in Section 3(2) of ERISA, is
      referred to herein as a “Chickamauga ERISA Plan.” Other than the Defined Benefit
      Plan, neither Chickamauga nor any Chickamauga Affiliate maintains or has ever
      maintained a Chickamauga
      ERISA Plan that
      is
      or was subject to Title IV of ERISA or Section 412 of the Internal Revenue
      Code.
      No Chickamauga ERISA Plan is or has been a “multi-employer plan” within the
      meaning of Section 3(37) of ERISA or a “multiple employer welfare
      arrangement” within the meaning of Section 3(40) of ERISA.

    

    (b)   Chickamauga
      has delivered or made available to SouthCrest prior to the execution of this
      Agreement correct and complete copies of the following documents: (i) all
      trust agreements or other funding arrangements for such Chickamauga Benefit
      Plans (including insurance contracts), and all amendments thereto, (ii) with
      respect to any such Chickamauga Benefit Plans or amendments, all determination
      letters, Material rulings, Material opinion letters, Material information
      letters or Material advisory opinions issued by the IRS, the United States
      Department of Labor or the Pension Benefit Guaranty Corporation after
      December 31, 2005, (iii) annual reports or returns, audited or
      unaudited financial statements, actuarial valuations and reports and summary
      annual reports prepared for any Chickamauga Benefit Plan with respect to the
      most recent three plan years, and (iv) the most recent summary plan descriptions
      and any Material modifications thereto.

    

    
      
        
           

        

        
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    (c)   All
      Chickamauga Benefit Plans are in material compliance with the applicable terms
      of ERISA, the Internal Revenue Code, and any other applicable Laws and all
      reports and disclosures relating to the Chickamauga Benefit Plans required
      to be
      filed with or furnished to any governmental entity, participants or
      beneficiaries have or will be filed or furnished in a timely manner and in
      accordance with applicable law. Each
      Chickamauga ERISA Plan which is intended to be qualified under Section
      401(a) of the Internal Revenue Code has either obtained from the IRS a
      favorable determination letter as to its qualified status under the Code which
      remains in effect as to such plan, or the expiration of the requisite period
      under applicable regulations promulgated by the IRS under the Code ("Treasury
      Regulations") or IRS pronouncements in which to apply for such determination
      letter and to make any amendments necessary to obtain a favorable determination
      has not occurred, or has been established under a prototype plan for which
      an IRS opinion letter has been obtained by the plan sponsor and is valid as
      to Chickamauga.  Each
      Chickamauga Benefit Plan which is subject to Section 401(k) and/or 401(m) of
      the
      Internal Revenue Code has been tested for compliance with, and has satisfied
      the
      requirements of Section 401(k) and 401(m) for the most recent three plan years.
      Neither Chickamauga nor any Chickamauga ERISA Affiliate has engaged in a
      transaction with respect to any Chickamauga Benefit Plan that would subject
      Chickamauga to a Tax or penalty imposed by either Section 4975 of the
      Internal Revenue Code or Section 502(i) of ERISA. Each fiduciary as to each
      Chickamauga Benefit Plan has complied in all material respects with the
      requirements of Section 404 of ERISA. 

     

    (d)   Except
      as
      required under Title I, Part 6 of ERISA and Internal Revenue Code Section 4980
      B, Chickamauga has no obligations to provide health and life benefits under
      any
      of the Chickamauga Benefit Plans to former employees, and there are no
      restrictions on the rights of Chickamauga to amend or terminate any such plan
      without incurring any Liability thereunder.

    

    (e)   Neither
      the execution and delivery of this Agreement nor the consummation of the
      transactions contemplated hereby solely as a result of such actions, will
      (i) result in any payment (including, without limitation, severance,
      unemployment compensation, golden parachute or otherwise) becoming due to any
      officer, director or any employee of Chickamauga from Chickamauga under any
      Chickamauga Benefit Plan or otherwise, (ii) increase any benefits otherwise
      payable under any Chickamauga Benefit Plan, or (iii) result in any
      acceleration of the time of payment or vesting
      of any benefit; except that it is contemplated that the Defined Benefit Plan
      will be frozen and will be terminated, and as a result thereof, participants
      in
      such plan will be fully vested in their accrued benefits and will become
      entitled to a payment upon termination of the plan.
      Except
      as set forth on Schedule 5.14(e), each Chickamauga Benefit Plan can be
      terminated without liability to Chickamauga or any Chickamauga ERISA Affiliate
      or SouthCrest, including without limitation any additional contributions,
      penalties, premiums, fees or any other charges as a result of such termination.
      Other than routine claims for benefits, there are no actions, audits,
      investigations, suits or claims pending, or threatened with respect to any
      Chickamauga Benefit Plan, or any trust or other funding agency created
      thereunder. Each Chickamauga Benefit Plan or agreement that is or contains
      a
“non-qualified deferred compensation plan” within the meaning of Section 409A of
      the Internal Revenue Code is operated in reasonable good faith compliance with
      the requirements of paragraphs (2), (3), and (4) of Section 409A(a) and the
      applicable provisions of IRS Notice 2005-1.

    

    
      
        
           

        

        
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    (f)   Chickamauga
      and all Chickamauga ERISA Affiliates have made full and timely payment of,
      or
      has accrued pending full and timely payment, all amounts which are required
      under the terms of each of the Chickamauga Benefit Plan and in accordance with
      applicable laws to be paid contribution to each Chickamauga Benefit Plan. The
      actuarial present values of all accrued deferred compensation entitlements
      (including, without limitation, entitlements under any executive compensation,
      supplemental retirement, or employment agreement) of directors and employees
      and
      former directors and employees of Chickamauga and its beneficiaries have been
      fully reflected on the Chickamauga Financial Statements to the extent required
      by and in accordance with GAAP. 

    

    (g)   No
      payment or benefit made, to be made or due to any participant under a
      Chickamauga Benefit Plan, or other arrangement on account of the transactions
      contemplated hereunder will be deemed to constitute an “excess parachute
      payment” within the meaning of Internal Revenue Code Section 280G and the
      regulations promulgated thereunder unless such payment receives shareholder
      approval as required by the Internal Revenue Code.

    

    5.15   Material
      Contracts.
      Except
      as reflected in the Chickamauga Financial Statements, neither Chickamauga nor
      any of its Assets, businesses or operations, is a party to, or is bound or
      affected by, or receives benefits under, (i) any employment, severance,
      termination, consulting or retirement Contract providing for aggregate payments
      to any Person in any calendar year in excess of $50,000, (ii) any Contract
      relating to the borrowing of money by Chickamauga or the guarantee by
      Chickamauga of any such obligation (other than Contracts evidencing deposit
      liabilities, purchases of federal funds, fully-secured repurchase agreements,
      trade payables, letters of credit and Contracts relating to borrowings or
      guarantees made in the ordinary course of business), or (iii) any other
      Contract or amendment thereto that would be required to be filed as an exhibit
      to a Chickamauga Regulatory Report filed by Chickamauga with any Regulatory
      Authority as of the date of this Agreement and that has not been filed by
      Chickamauga with any Regulatory Authority as an exhibit to any Chickamauga
      Regulatory Report for the fiscal year ended December 31, 2005 (together
      with all Contracts referred to in Sections 5.10 and 5.14(a) of this Agreement,
      the “Chickamauga Contracts”). With respect to each Chickamauga Contract,
      (i) the Contract is in full force and effect, (ii) Chickamauga is not
      in Default thereunder, (iii) Chickamauga has not repudiated or waived any
      provision of any such Contract, and (iv) no other party to any such Contract
      is
      in Default in any respect, or has repudiated or waived any provision thereunder.
      All of the indebtedness of Chickamauga for money borrowed is prepayable at
      any
      time by Chickamauga without penalty or premium.

    

    5.16   Legal
      Proceedings.
      There
      is no Litigation instituted or pending, or, to the Knowledge of Chickamauga,
      threatened against Chickamauga, or against any of its Assets, interests or
      right, nor are there any Orders of any Regulatory Authorities, other
      governmental authorities or arbitrators outstanding against
      Chickamauga.

    

    
      
        
           

        

        
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    5.17   Reports.
      Chickamauga has timely filed all reports and statements, together with any
      amendments required to be made with respect thereto, that it was required to
      file with Regulatory Authorities and any applicable state securities or banking
      authorities. As of their respective dates, each of such reports and documents,
      including the financial statements, exhibits and schedules thereto, complied
      in
      all respects with all applicable Laws. As of their respective dates, each such
      report and document did not contain any untrue statement of a fact or omit
      to
      state a fact required to be stated therein or necessary to make the statements
      made therein, in light of the circumstances under which they were made, not
      misleading.

    

    5.18   Statements
      True and Correct.
      No
      statement or certificate furnished or to be furnished by Chickamauga or any
      Affiliate thereof to SouthCrest pursuant to this Agreement contains or will
      contain as of the date thereof any untrue statement of Material fact or will
      omit to state a Material fact necessary to make the statements therein, in
      light
      of the circumstances under which they were made, not misleading. None of the
      information supplied or to be supplied by Chickamauga or any Affiliate thereof
      for inclusion in the Proxy Statement to be mailed to Chickamauga shareholders
      in
      connection with the Chickamauga Meeting, and any other documents to be filed
      by
      Chickamauga or any Affiliate thereof with any Regulatory Authority in connection
      with the transactions contemplated hereby, will, at the time such documents
      are
      filed, and with respect to the Proxy Statement, when first mailed to the
      shareholders of Chickamauga, be false or misleading with respect to any Material
      fact, or omit to state any Material fact necessary to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading, or, in the case of the Proxy Statement or any amendment thereof
      or
      supplement thereto, at the time of the Chickamauga Meeting, be false or
      misleading with respect to any Material fact, or omit to state any Material
      fact
      necessary to correct any statement in any earlier communication with respect
      to
      the solicitation of any proxy for such shareholder’s meeting. All documents that
      Chickamauga or any Affiliate thereof is responsible for filing with any
      Regulatory Authority in connection with the transactions contemplated hereby
      will comply as to form in all Material respects with the provisions of
      applicable Law.

    

    5.19   Regulatory
      Matters.
      Neither
      Chickamauga nor any Affiliate thereof has taken any action or has any Knowledge
      of any fact or circumstance that is reasonably likely to materially impede
      or
      delay receipt of any Consents of Regulatory Authorities referred to in Section
      9.1(b) of this Agreement or result in the imposition of a condition or
      restriction of the type referred to in the second sentence of such Section.
      

    

    5.20   Derivatives.
      All
      interest rate swaps, caps, floors, option agreements, futures and forward
      contracts and other similar risk management arrangements, whether entered into
      for the Chickamauga’s own account, or for the account of any Chickamauga
      customers, were entered into (i) in accordance with prudent business
      practices and all applicable Laws, and (ii) with counterparties believed to
      be
      financially responsible.

    

    5.21   Insurance
      Claims.
      Since
      December 31, 2000, Chickamauga has made no claim under its directors and
      officers insurance policy or fidelity bond.

    

    5.22   Bank
      Secrecy Act.
      Chickamauga has complied in all respects with all requirements of Law under
      the
      Bank Secrecy Act and the USA PATRIOT Act, and Chickamauga has timely filed
      all
      reports of suspicious activity and currency transaction reports, including
      those
      required under 12 C.F.R. § 21.11.

    

    
      
        
           

        

        
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    5.23   Brokers
      and Finders. Except
      for Chickamauga’s Investment Advisor (T. Stephen Johnson & Associates,
      Inc.), neither Chickamauga nor any of its officers, directors, employees or
      Representatives has employed any broker, finder or investment banker or incurred
      any Liability for any financial advisory fees, investment bankers fees,
      brokerage fees, commissions, or finder’s or other fees in connection with this
      Agreement or the transactions contemplated hereby.

    

    5.24   Loans
      to Executive Officers and Directors. Chickamauga
      has not extended or maintained credit, arranged for the extension of credit,
      or
      renewed an extension of credit, in the form of a personal loan to or for any
      director or executive officer (or equivalent thereof) of Seller, except as
      permitted by Federal Reserve Regulation O.

    

    ARTICLE
6

    REPRESENTATIONS
      AND WARRANTIES OF SOUTHCREST

    

    No
      representation or warranty contained in this Article 6 shall be deemed untrue
      or
      incorrect, and SouthCrest shall not be deemed to have breached a representation
      or warranty as a consequence of the existence or absence of any fact, event
      or
      circumstance, unless such fact, event or circumstance, whether individually
      or
      in the aggregate with all other facts, has had or is reasonably likely to have
      a
      Material Adverse Effect on SouthCrest and is not set forth in the document
      of
      even date herewith delivered by SouthCrest to Chickamauga prior to the execution
      and delivery of this Agreement and referring to the representations and
      warranties in this Agreement (the “SouthCrest Disclosure
      Schedule”).

    

    Except
      as
      disclosed in the SouthCrest Disclosure Schedule, SouthCrest hereby represents
      and warrants to Chickamauga as follows:

    

    6.1   Organization,
      Standing and Power.
      SouthCrest is a corporation duly organized, validly existing and in good
      standing under the Laws of the State of Georgia and is duly registered as a
      bank
      holding company under the BHC Act. The banking subsidiaries of SouthCrest are
      duly organized and their deposits are insured by the FDIC up to applicable
      limits. SouthCrest has the corporate power and authority to carry on its
      business as now conducted and to own, lease and operate its Assets.

    

    6.2   Authority;
      No Breach By Agreement.

    

    (a)   SouthCrest
      has the corporate power and authority necessary to execute, deliver and perform
      its obligations under this Agreement and to consummate the transactions
      contemplated hereby. The execution, delivery and performance of this Agreement
      and the consummation of the transactions contemplated herein, including the
      Share Exchange, have been duly and validly authorized by all necessary corporate
      action in respect thereof on the part of SouthCrest. Subject to the Consents
      of
      Regulatory Authorities, this Agreement represents a legal, valid and binding
      obligation of SouthCrest, enforceable against SouthCrest in accordance with
      its
      terms (except in all cases as such enforceability may be limited by applicable
      bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting
      the
      enforcement of creditors’ rights generally and except that the availability of
      the equitable remedy of specific performance or injunctive relief is subject
      to
      the discretion of the court before which any proceeding may be
      brought).

    

    
      
        
           

        

        
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    (b)   Neither
      the execution and delivery of this Agreement by SouthCrest, nor the consummation
      by SouthCrest of the transactions contemplated hereby, nor compliance by
      SouthCrest with any of the provisions hereof, will (i) conflict with or result
      in a breach of any provision of SouthCrest’s Articles of Incorporation or
      Bylaws, or (ii) constitute or result in a Default under, or require any Consent
      pursuant to, or result in the creation of any Lien on any Asset of any
      SouthCrest Company under, any Contract or Permit of any SouthCrest Company,
      or
      (iii) subject to receipt of the requisite approvals referred to in
      Section 9.1 (a) and (b) of this Agreement, violate any Law or Order
      applicable to any SouthCrest Company or any of their respective
      Assets.

    

    (c)   No
      notice
      to, filing with or Consent of any public body or authority is necessary for
      the
      consummation by SouthCrest of the Share Exchange and the transaction
      contemplated in this Agreement other than (i) in connection or compliance with
      the provisions of the Securities Laws, applicable state corporate and securities
      Laws, (ii) Consents required from Regulatory Authorities, (iii) notices to
      or
      filings with the IRS or the Pension Benefit Guaranty Corporation with respect
      to
      any employee benefit plans, (iv) under the HSR Act, and (v) Consents, filings
      or
      notifications.

    

    6.3   Necessary
      Capital.
      At the
      Effective Time, SouthCrest will have sufficient liquidity to pay the aggregate
      Share Exchange Consideration and will use such liquidity for the payment of
      the
      Share Exchange Consideration subject to the completion of the Share Exchange
      in
      accordance with the terms of this agreement. SouthCrest and its subsidiaries
      are, and will be immediately following the Share Exchange, in material
      compliance with all capital, debt, and financial and nonfinancial provisions
      applicable to each of them under the Bank Holding Company Act of 1956, and
      any
      other applicable Law or Contract to which they are a party.

     

    6.4   SEC
      Filings; Financial Statements. 

    

    (a)   SouthCrest
      has filed all forms, proxy statements, registration statements, reports,
      schedules and other documents filed or required to be filed by SouthCrest with
      the SEC since December 31, 2003 (the “SouthCrest
      SEC Reports”).
      The
      SouthCrest SEC Reports: (i) at the time filed, complied in all material
      respects with the applicable requirements of the Securities Laws and other
      applicable Laws and (ii) did not, at the time they were filed (or, if
      amended or superseded by a filing prior to the date of this Agreement, then
      on
      the date of such filing or, in the case of registration statements, at the
      effective date thereof) contain any untrue statement of a material fact or
      omit
      to state a material fact required to be stated in such SouthCrest SEC Reports
      or
      necessary in order to make the statements in such SouthCrest SEC Reports, in
      light of the circumstances under which they were made, not
      misleading.

    

    
      
        
           

        

        
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    (b)   Each
      of
      the SouthCrest Financial Statements: (i) complied or, in the case of SouthCrest
      Financial Statements filed with the SEC after the date hereof, will comply,
      as
      to form in all material respects with the applicable published rules and
      regulations of the SEC with respect thereto; (ii) were prepared, or will be
      prepared, in accordance with GAAP applied on a consistent basis throughout
      the
      periods involved (except as may be indicated in the notes to such financial
      statements or, in the case of unaudited interim statements, as permitted by
      Form
      10-Q of the SEC); and (iii) fairly presented, or will fairly present, in all
      material respects, the consolidated financial position of SouthCrest and its
      Subsidiaries as at the respective dates and the consolidated results of
      operations and cash flows for the periods indicated, except that the unaudited
      interim financial statements were, or will be, subject to normal and recurring
      year-end adjustments which were not, or will not be, expected to be material
      in
      amount or effect.

     

    6.5   Statements
      True and Correct.
      No
      statement, certificate, instrument or other writing furnished or to be furnished
      by any SouthCrest Company or any Affiliate thereof to Chickamauga pursuant
      to
      this Agreement or any other document, agreement or instrument referred to herein
      contains or will contain any untrue statement of fact or will omit to state
      a
      fact necessary to make the statements therein, in light of the circumstances
      under which they were made, not misleading. None of the information supplied
      or
      to be supplied by any SouthCrest Company or any Affiliate thereof for inclusion
      in the Proxy Statement to be mailed to Chickamauga shareholders in connection
      with the Chickamauga Meeting, and any other documents to be filed by any
      SouthCrest Company or any Affiliate thereof with any Regulatory Authority in
      connection with the transactions contemplated hereby, will, at the respective
      time such documents are filed, and with respect to the Proxy Statement, when
      first mailed to the shareholders of Chickamauga, be false or misleading with
      respect to any fact, or omit to state any fact necessary to make the statements
      therein, in light of the circumstances under which they were made, not
      misleading, or, in the case of the Proxy Statement or any amendment thereof
      or
      supplement thereto, at the time of the Chickamauga Meeting, be false or
      misleading with respect to any fact, or omit to state any fact necessary to
      correct any statement in any earlier communication with respect to the
      solicitation of any proxy for such shareholder’s meeting. All documents that any
      SouthCrest Company or any Affiliate thereof is responsible for filing with
      any
      Regulatory Authority in connection with the transactions contemplated hereby
      will comply as to form in all respects with the provisions of applicable
      Law.

    

    6.6   Regulatory
      Matters.
      No
      SouthCrest Company or any Affiliate thereof has taken any action or has any
      Knowledge of any fact or circumstance that is reasonably likely to materially
      impede or delay receipt of any Consents of Regulatory Authorities referred
      to in
      Section 9.1(b) of this Agreement or result in the imposition of a condition
      or
      restriction of the type referred to in the second sentence of such Section
      9.1(b). 

    

    ARTICLE
      7

    CONDUCT
      OF BUSINESS PENDING CONSUMMATION

    

    7.1   Affirmative
      Covenants of Chickamauga.
      From
      the date of this Agreement until the earlier of the Effective Time or the
      termination of this Agreement unless the prior written consent of SouthCrest
      shall have been obtained, and except as otherwise contemplated herein,
      Chickamauga agrees: (i) to operate its business in the usual, regular and
      ordinary course; (ii) to preserve intact its business organizations and Assets
      and maintain its rights and franchises; (iii) to use its reasonable efforts
      to
      cause its representations and warranties to be correct at all times; and (iv)
      to
      take no action which would (a) adversely affect the ability of any Party to
      obtain any Consents required for the transactions contemplated hereby without
      imposition of a condition or restriction of the type referred to in the last
      sentence of Section 9.1(b) of this Agreement or (b) adversely affect in any
      Material respect the ability of either Party to perform its covenants and
      agreements under this Agreement.

    

    
      
        
           

        

        
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    7.2   Negative
      Covenants of Chickamauga.
      From
      the date of this Agreement until the earlier of the Effective Time or the
      termination of this Agreement, Chickamauga covenants and agrees not to do or
      agree or commit to do any of the following without the prior written consent
      of
      the Chief Executive Officer of SouthCrest, which consent shall not be
      unreasonably withheld:

    

    (a)   amend
      the
      Articles of Incorporation, Bylaws or other governing instruments of Chickamauga;
      or

    

    (b)   incur
      any
      additional debt obligation or other obligation for borrowed money in excess
      of
      an aggregate of $50,000 except in the ordinary course of the business of
      Chickamauga consistent with past practices (which shall include creation of
      deposit liabilities, purchases of federal funds and entry into repurchase
      agreements fully secured by U.S. government or agency securities), or impose,
      or
      suffer the imposition, on any Asset of Chickamauga of any Lien or permit any
      such Lien to exist other than in connection with deposits, repurchase
      agreements, bankers’ acceptances, Federal Home Loan Bank advances, “treasury tax
      and loan” accounts established in the ordinary course of business, the
      satisfaction of legal requirements in the exercise of trust powers, and Liens
      in
      effect as of the date hereof that have been Previously Disclosed;
      or

    

    (c)   repurchase,
      redeem or otherwise acquire or exchange (other than exchanges in the ordinary
      course under employee benefit plans), directly or indirectly, any shares, or
      any
      securities convertible into any shares, of the capital stock of Chickamauga,
      or
      declare or pay any dividend or make any other distribution in respect of any
      Chickamauga capital stock, other than as disclosed in the Chickamauga Disclosure
      Schedule; or

    

    (d)   except
      for this Agreement, issue or sell, pledge, encumber, authorize the issuance
      of,
      enter into any Contract to issue, sell, pledge, encumber or authorize the
      issuance of, or otherwise permit to become outstanding, any additional shares
      of
      Chickamauga Stock, or any stock appreciation rights, or any option, warrant,
      conversion or other right to acquire any such stock; or

    

    (e)   adjust,
      split, combine or reclassify any capital stock of Chickamauga or issue or
      authorize the issuance of any other securities in respect of or in substitution
      for shares of Chickamauga Stock or sell, lease, mortgage or otherwise dispose
      of
      or otherwise encumber any Asset having a book value in excess of $50,000 other
      than in the ordinary course of business for reasonable and adequate
      consideration; or

    

    (f)   acquire
      direct or indirect control over any real property, other than in connection
      with
      (i) foreclosures in the ordinary course of business, or (ii) acquisitions of
      control by Chickamauga in its fiduciary capacity; or

    

    
      
        
           

        

        
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    (g)   except
      for purchases of U.S. Treasury securities or U.S. Government agency securities,
      which in either case have maturities of 15 years or less, or of mortgage-backed
      securities of maturity or grade consistent with past practices, purchase any
      securities or make any Material investment, either by purchase of stock or
      securities, contributions to capital, Asset transfers or purchase of any Assets,
      in any Person other than Chickamauga, or otherwise acquire direct or indirect
      control over any Person, other than in connection with (i) foreclosures in
      the ordinary course of business, (ii) acquisitions of control in a fiduciary
      capacity, or (iii) the creation of new, wholly-owned Subsidiaries organized
      to
      conduct or continue activities otherwise permitted by this Agreement;
      or

    

    (h)   grant
      any
      increase in compensation or benefits to the employees or officers of Chickamauga
      (including such discretionary increases as may be contemplated by existing
      employment agreements) exceeding 5% individually or in the aggregate on an
      annual basis, except in accordance with past practice Previously Disclosed
      or as
      required by Law, pay any bonus other than pursuant to a written policy or
      Contract in effect on the date of this Agreement and disclosed in the
      Chickamauga Disclosure Schedule enter into or amend any severance agreements
      with officers of Chickamauga, grant any increase in fees or other increases
      in
      compensation or other benefits to directors of Chickamauga; or

    

    (i)   enter
      into or amend any employment Contract between Chickamauga and any Person (unless
      such amendment is required by Law) that Chickamauga does not have the
      unconditional right to terminate without Liability (other than Liability for
      services already rendered), at any time on or after the Effective Time;
      or

    

    (j)   adopt
      any
      new employee benefit plan of Chickamauga or make any Material change in or
      to
      any existing employee benefit plans of Chickamauga other than any such change
      that is required by Law or that, in the opinion of counsel, is necessary or
      advisable to maintain the tax qualified status of any such plan; or

    

    (k)   make
      any
      significant change in any Tax or accounting methods or systems of internal
      accounting controls, except as may be appropriate to conform to changes in
      Tax
      Laws, regulatory accounting requirements or GAAP; or

    

    (l)   commence
      any Litigation other than in accordance with past practice or settle any
      Litigation involving any Liability of Chickamauga for money damages in excess
      of
      $25,000 or Material restrictions upon the operations of Chickamauga;
      or

    

    (m)   except
      in
      the ordinary course of business, modify, amend or terminate any Material
      Contract or waive, release, compromise or assign any Material rights or claims;
      or

    

    (n)   make
      any
      loan or extension of credit to any borrower of Chickamauga in excess of an
      aggregate of $350,000; or

    

    (o)   make
      any
      Material election with respect to Taxes.

    

    
      
        
           

        

        
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    7.3   Affirmative
      Covenants of SouthCrest.
      From
      the date of this Agreement until the earlier of the Effective Time or the
      termination of this Agreement unless the prior written consent of Chickamauga
      shall have been obtained, and except as otherwise contemplated herein,
      SouthCrest agrees: (i) to operate its business and cause any SouthCrest Company
      to operate its business in the usual, regular and ordinary course; (ii) to
      preserve intact its business organizations and Assets and maintain its rights
      and franchises; (iii) to use its reasonable efforts to cause its representations
      and warranties to be correct at all times; and (iv) to take no action which
      would (a) adversely affect the ability of any Party to obtain any Consents
      required for the transactions contemplated hereby without imposition of a
      condition or restriction of the type referred to in the last sentence of
      Section 9.1(b) of this Agreement or (b) adversely affect in any Material
      respect the ability of either Party to perform its covenants and agreements
      under this Agreement.

    

    7.4   Negative
      Covenants of SouthCrest.
      From
      the date of this Agreement until the earlier of the Effective Time or the
      termination of this Agreement, SouthCrest covenants and agrees that SouthCrest
      will not take, without the prior written consent of the Chief Executive Officer
      of Chickamauga, which consent shall not be unreasonably withheld, any action
      which would materially impair its ability to obtain regulatory approval or
      would
      delay consummation of this transaction. 

    

    7.5   Adverse
      Changes in Condition.
      Each
      Party agrees to give written notice promptly to the other Party upon becoming
      aware of the occurrence or impending occurrence of any event or circumstance
      relating to it or any of its Subsidiaries which (i) is reasonably likely to
      have, individually or in the aggregate, a Material Adverse Effect on it or
      (ii)
      is reasonably likely to cause or constitute a Material breach of any of its
      representations, warranties or covenants contained herein and to use its
      reasonable efforts to prevent or promptly to remedy the same.

     

    ARTICLE
      8

    ADDITIONAL
      AGREEMENTS

    

    8.1   Shareholder
      Approvals.
      Chickamauga shall take, in accordance with applicable Law and its Articles
      of
      Incorporation and Bylaws, all action necessary to convene the Chickamauga
      Meeting to consider and vote upon the approval of this Agreement and any other
      matters required to be approved by Chickamauga shareholders for consummation
      of
      the Share Exchange, as promptly as practicable. The Board of Directors of
      Chickamauga shall (subject to compliance with its fiduciary duties as advised
      by
      counsel) unanimously recommend such approval to its shareholders, and the Board
      of Directors of Chickamauga (subject to compliance with its fiduciary duties
      as
      advised by counsel) shall use its best efforts to obtain such approval by its
      shareholders. 

    

    8.2   Defined
      Benefit Plan Termination.
      Chickamauga shall arrange for the termination of the Defined Benefit Plan,
      satisfaction of all benefit obligations thereunder, and complete liquidation
      of
      the Defined Benefit Plan trust, on terms satisfactory to SouthCrest. SouthCrest
      shall have the right to submit any Chickamauga termination plan to an attorney
      and actuarial firm for review and comments. The Share Exchange Consideration
      shall be reduced and withheld in accordance with Section 3.1. 

    

    
      
        
           

        

        
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    8.3   Applications.
      SouthCrest shall promptly prepare and file, and Chickamauga shall cooperate
      in
      the preparation and, where appropriate, filing of, applications with all
      Regulatory Authorities having jurisdiction over the transactions contemplated
      by
      this Agreement seeking the requisite Consents necessary to consummate the
      transactions contemplated by this Agreement. SouthCrest shall permit Chickamauga
      to review (and approve with respect to information relating to Chickamauga)
      such
      applications prior to filing same.

    

    8.4   Filings
      with State Office.
      Upon
      the terms and subject to the conditions of this Agreement, SouthCrest shall
      execute and file the Certificate of Share Exchange with the Secretary of State
      of the State of Georgia in connection with the Closing. 

    

    8.5   Agreement
      as to Efforts to Consummate.
      Subject
      to the terms and conditions of this Agreement, each Party agrees to use its
      reasonable efforts to take all actions, and to do all things necessary, proper
      or advisable under applicable Laws, as promptly as practicable so as to permit
      consummation of the Share Exchange at the earliest possible date and to
      otherwise enable consummation of the transactions contemplated hereby and shall
      cooperate fully with the other Party hereto to that end, including, without
      limitation, using its reasonable efforts to lift or rescind any Order adversely
      affecting its ability to consummate the transactions contemplated herein and
      to
      cause to be satisfied the conditions referred to in Article 9 of this Agreement;
      provided, that nothing herein shall preclude either Party from exercising its
      rights under this Agreement. Each Party shall use, and shall cause each of
      its
      Subsidiaries to use, its reasonable efforts to obtain all Consents necessary
      or
      desirable for the consummation of the transactions contemplated by this
      Agreement.

    

    8.6   Investigation
      and Confidentiality.

    

    (a)   Prior
      to
      the Effective Time, each Party will keep the other Party advised of all Material
      developments relevant to its business and to consummation of the Share Exchange
      and shall permit the other Party to make or cause to be made such investigation
      of the business and properties of it and its Subsidiaries and of their
      respective financial and legal conditions as the other Party reasonably
      requests, provided that such investigation shall be reasonably related to the
      transaction contemplated hereby and shall not interfere unnecessarily with
      normal operations. No investigation by a Party shall affect the representations
      and warranties of the other Party.

    

    (b)   Each
      Party shall, and shall cause its advisers and agents to, maintain the
      confidentiality of all Confidential
      Information furnished
      to it by any other Party concerning its and its Subsidiaries’ businesses,
      operations and financial condition except in furtherance of the transactions
      contemplated by this Agreement. In the event that a Party is required by
      applicable Law or valid court process to disclose any such Confidential
      Information,
      then
      such Party shall provide the other Party with prompt written notice of any
      such
      requirement so that the other Party may seek a protective order or other
      appropriate remedy and/or waive compliance with this Section 8.6. If in the
      absence of a protective order or other remedy or the receipt of a waiver by
      the
      other Party, a Party is nonetheless, in the written opinion of counsel, legally
      compelled to disclose any such Confidential Information to any tribunal or
      else
      stand liable for contempt or suffer other censure or penalty, a Party may,
      without liability hereunder, disclose to such tribunal only that portion of
      the
      Confidential Information which such counsel advises such Party is legally
      required to be disclosed; provided that such disclosing Party use its best
      efforts to preserve the confidentiality of such Confidential
      Information, including without limitation, by cooperating with the other Party
      to obtain an appropriate protective order or other reliable assurance that
      confidential treatment will be accorded such Confidential Information by such
      tribunal. If this Agreement is terminated prior to the Effective Time, each
      Party shall promptly return all documents and copies thereof and all work papers
      containing Confidential Information received from the other Party.

    

    
      
        
           

        

        
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    (c)   Each
      Party agrees to give the other Party notice as soon as practicable after any
      determination by it of any fact or occurrence relating to the other Party which
      it has discovered through the course of its investigation and which represents,
      or is reasonably likely to represent, either a Material breach of any
      representation, warranty, covenant or agreement of the other Party or which
      has
      had or is reasonably likely to have a Material Adverse Effect on the other
      Party.

    

    (d)   Neither
      Party nor any of their respective Subsidiaries shall be required to provide
      access to or to disclose information where such access or disclosure would
      violate or prejudice the rights of its customers, jeopardize the attorney-client
      or similar privilege with respect to such information or contravene any Law,
      rule, regulation, Order, judgment, decree, fiduciary duty or agreement entered
      into prior to the date of this Agreement. The Parties will use their reasonable
      efforts to make appropriate substitute disclosure arrangements, to the extent
      practicable, in circumstances in which the restrictions of the preceding
      sentence apply.

    

    (e)   Notwithstanding
      Section 8.6(b) or any other written or oral understanding or agreement to which
      the Parties are parties or by which they are bound, the Parties acknowledge
      and
      agree that any obligations of confidentiality contained herein and therein
      that
      relate to the tax treatment and tax structure of the Share Exchange (and any
      related transaction or arrangements) have not applied from the commencement
      of
      discussions between the Parties and will not hereafter apply to the Parties;
      and
      each Party (and each of its employees, representatives, or other agents) may
      disclose to any and all persons, without limitation of any kind, the tax
      treatment and tax structure of the Share Exchange and all materials of any
      kind
      that are provided to such party relating to such tax treatment and tax
      structure, all within the meaning of Treasury Regulation Section 1.6011-4;
      provided,
      however,
      that
      each Party recognizes that the other Party has a right to maintain, in its
      sole
      discretion, any privilege that would protect the confidentiality of a
      communication relating to the Share Exchange, including a confidential
      communication with its attorney or a confidential communication with a federally
      authorized tax practitioner under Section 7525 of the Internal Revenue Code
      and that such privilege is not intended to be affected by the foregoing. These
      principles are meant to be interpreted so as to prevent the Share Exchange
      from
      being treated as offered under “conditions of confidentiality” within the
      meaning the Treasury Regulations promulgated under Internal Revenue Code
      Sections 6011 and 6111(d)(2).

    

    
      
        
           

        

        
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    8.7   Press
      Releases.
      Prior
      to the Effective Time, Chickamauga and SouthCrest shall consult with each other
      as to the form and substance of any press release or other public disclosure
      materially related to this Agreement or any other transaction contemplated
      hereby; provided,
      however,
      that
      nothing in this Section 8.7 shall be deemed to prohibit any Party from making
      any disclosure which its counsel deems necessary or advisable in order to
      satisfy such Party’s disclosure obligations imposed by Law.

    

    8.8   Certain
      Actions.
      Except
      with respect to this Agreement and the transactions contemplated hereby, neither
      Party nor any Affiliate thereof nor any investment banker, attorney, accountant
      or other representative (collectively, the “Representatives”) retained by such
      Party shall directly or indirectly solicit or engage in negotiations concerning
      any Acquisition Proposal by any Person, or provide any Confidential Information
      or assistance to, or have any discussions with, any Person with respect to
      an
      Acquisition Proposal. Except to the extent necessary to comply with the
      fiduciary duties of such Party’s Board of Directors as determined by such
      Party’s Board of Directors after consulting with and considering the advice of
      counsel, neither Party nor any Affiliate or Representative thereof shall furnish
      any non-public information that it is not legally obligated to furnish,
      negotiate with respect to, or enter into any Contract with respect to, any
      Acquisition Proposal, but any Party may communicate information about such
      an
      Acquisition Proposal to its shareholders if and to the extent that it is
      required to do so in order to comply with its legal obligations as advised
      by
      counsel; provided
      that
      such
      Party shall promptly advise the other Party verbally and in writing following
      the receipt of any Acquisition Proposal and the Material details thereof. Each
      Party shall (i) immediately cease and cause to be terminated any existing
      activities, discussions or negotiations with any Persons conducted heretofore
      with respect to any of the foregoing and (ii) direct and use its reasonable
      efforts to cause all of its Representatives not to engage in any of the
      foregoing.

    

    8.9   Access;
      Information.
      Upon
      reasonable notice and subject to applicable laws relating to the exchange of
      information, Chickamauga shall afford SouthCrest and its officers, employees,
      counsel, accountants and other authorized representatives, such access during
      normal business hours throughout the period prior to the Effective Time to
      the
      books, records (including credit files, tax returns and work papers of
      independent auditors), properties, personnel and to such other information
      as it
      may reasonably request and, during such period, Chickamauga shall furnish
      promptly (i) a copy of each material report, schedule and other document filed
      by it pursuant to the requirements of federal or state securities or banking
      laws and (ii) all other information concerning its business, properties and
      personnel as SouthCrest may reasonably request.

     

    8.10   Employee
      Benefits and Contracts.
      Following the Effective Time, SouthCrest shall provide generally to officers
      and
      employees of Chickamauga, who at or after the Effective Time become employees
      of
      a SouthCrest Company (collectively, “New SouthCrest Employees”), employee
      benefits under employee benefit plans on terms and conditions which when taken
      as a whole are substantially similar to those provided by the SouthCrest
      Companies to their similarly situated officers and employees. For purposes
      of
      benefit accrual under SouthCrest Benefit Plans (but only for purposes of
      determining benefits accruing under payroll practices such as vacation policy
      or
      under fringe benefit programs that do not rise to the level of a “plan” within
      the meaning of Section 3(3) of ERISA), eligibility to participate and vesting
      determinations in connection with the provision of any such employee benefits,
      service with Chickamauga prior to the Effective Time shall be counted. If,
      during the annual period of coverage (the "Applicable Period of Coverage")
      in
      which falls the Effective Time, SouthCrest terminate any “group health plan,”
within the meaning of Section 4980B(g)(2) of the Internal Revenue Code, in
      which
      one or more Chickamauga employees participated immediately prior to the
      Effective Time (a “Chickamauga Plan”), SouthCrest shall cause any successor
      group health plan to waive any underwriting requirements; to give credit for
      any
      such Chickamauga employee’s participation in the Chickamauga Plan prior to the
      Effective Time for purposes of applying any pre-existing condition limitations
      set forth therein; and to give credit for covered expenses paid by any such
      Chickamauga employee under a Chickamauga Plan during the Applicable Period
      of
      Coverage towards satisfaction of any annual deductible limitation, co-payment
      and out-of pocket maximum applied under such successor group health plan.

    

    
      
        
           

        

        
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    8.11   D&O
      Coverage. At
      the
      Effective Time and subject to applicable Law, SouthCrest will provide directors
      and officers insurance coverage for Chickamauga’s directors and officers either,
      at SouthCrest’s election, (i) by purchasing continuation coverage under
      Chickamauga’s current policy for directors and officers for a period not less
      than three years after the Effective Time, or (ii) if SouthCrest’s current
      directors’ and officers’ policy provides substantially similar coverage as
      Chickamauga’s current policy, obtain coverage under SouthCrest’s current policy
      to provide coverage for Chickamauga’s directors and officers on a prior acts
      basis for a period not less than three years prior to the Effective
      Time.

    

    8.12   Indemnification.
      

    

    (a)   SouthCrest
      or a SouthCrest Subsidiary shall, in accordance with the Chickamauga articles
      of
      incorporation and bylaws as of the date hereof, indemnify, defend and hold
      harmless all individuals who are directors, officers and employees of
      Chickamauga as of the date hereof (each, an “Indemnified Party”) after the
      Effective Time against all costs, fees or expenses (including reasonable
      attorneys’ fees), judgments, fines, penalties, losses, claims, damages,
      liabilities and amounts paid in settlement in connection with any Litigation
      as
      incurred, in connection with any claim, action or proceeding arising out of
      actions or omissions occurring at or prior to the Effective Time (including
      the
      transactions contemplated by this Agreement) to the maximum extent allowable
      under the Georgia Code. Without limiting the foregoing, in any case in which
      approval of SouthCrest or a SouthCrest Subsidiary is required to effectuate
      any
      indemnification, SouthCrest shall direct or cause a SouthCrest Subsidiary to
      direct, at the election of the Indemnified Party, that the determination of
      any
      such approval shall be made by independent counsel mutually agreed upon between
      SouthCrest and the Indemnified Party. SouthCrest shall, and shall cause all
      other relevant SouthCrest Subsidiaries, to apply such rights of indemnification
      in good faith and to the fullest extent possible by applicable law.

    

    (b)   If
      SouthCrest or any of its successors or assigns shall consolidate with or merge
      into any other Person and shall not be the continuing or surviving Person of
      such consolidation or merger or shall transfer all or substantially all of
      its
      assets to any Person, then and in each case, proper provision shall be made
      so
      that the successors and assigns of SouthCrest shall assume the obligations
      set
      forth in this Section 8.12.

    

    
      
        
           

        

        
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    (c)   The
      provisions of this Section 8.12 are intended to be for the benefit of and shall
      be enforceable by each Indemnified Party, his or her heirs and
      representatives.

    

    8.13   Shareholder
      Support Agreements.
      Upon the
      execution of this Agreement, each of Chickamauga’s directors, executive officers
      and 5% shareholders shall execute and deliver support agreements with
      Chickamauga and SouthCrest whereby each director, executive officer and 5%
      shareholder agrees to vote shares of Chickamauga Stock held by such director,
      executive officer or 5% shareholder in favor of the Share Exchange. Such support
      agreements shall be upon the terms and conditions in the form and substance
      set
      forth in Exhibit B
      hereto.

    

    ARTICLE
      9

    CONDITIONS
      PRECEDENT TO OBLIGATIONS TO CONSUMMATE

    

    9.1   Conditions
      to Obligations of Each Party.
      The
      respective obligations of each Party to perform this Agreement and to consummate
      the Share Exchange are subject to the satisfaction of the following conditions,
      unless waived by both Parties pursuant to Section 11.6 of this
      Agreement:

    

    (a)   Shareholder
      Approvals.
      The
      shareholders of Chickamauga shall have approved this Agreement and the
      consummation of the Share Exchange as and to the extent required by Law and
      by
      the provisions of any of its governing instruments.

    

    (b)   Regulatory
      Approvals.
      All
      Consents of, filings and registrations with, and notifications to, all
      Regulatory Authorities required for consummation of the Share Exchange shall
      have been obtained or made and shall be in full force and effect and all waiting
      periods required by Law shall have expired. No Consent obtained from any
      Regulatory Authority which is necessary to consummate the transactions
      contemplated hereby shall be conditioned or restricted in a manner (including,
      without limitation, requirements relating to the raising of additional capital
      or the disposition of Assets or deposits) which in the reasonable judgment
      of
      the Board of Directors of either of the Parties would so materially adversely
      impact the economic or business benefits of the transactions contemplated by
      this Agreement so as to render inadvisable the consummation of the Share
      Exchange.

    

    (c)   Consents
      and Approvals.
      Each
      Party shall have obtained any and all Consents required for consummation of
      the
      Share Exchange (other than those referred to in Section 9.1(b) of this
      Agreement) or for the preventing of any Default under any Contract or Permit
      of
      such Party which, if not obtained or made, is reasonably likely to have,
      individually or in the aggregate, a Material Adverse Effect on such Party.
      No
      Consent obtained which is necessary to consummate the transactions contemplated
      hereby shall be conditioned or restricted in a manner which in the reasonable
      judgment of the Board of Directors of either of the Parties would so materially
      adversely impact the economic or business benefits of the transactions
      contemplated by this Agreement so as to render inadvisable the consummation
      of
      the Share Exchange.

    

    (d)   Legal
      Proceedings.
      No
      court or governmental or Regulatory Authority of competent jurisdiction shall
      have enacted, issued, promulgated, enforced or entered any Law or Order (whether
      temporary, preliminary or permanent) or taken any other action which prohibits,
      restricts or makes illegal consummation of the transactions contemplated by
      this
      Agreement.

    

    
      
        
           

        

        
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    (e)   Agreement
      as to Holdback Amount.
      The
      Parties shall have mutually agreed to a reasonable Holdback Amount under Section
      3.1 of this Agreement. However, if the Parties do not mutually agree to a
      reasonable Holdback Amount under Section 3.1 of this Agreement and the Parties
      do not breach this Agreement in any other manner that causes payment under
      Section 11.2(b) to be owed to either Party, then the termination fee as
      described and listed in Section 11.2(b) of this Agreement shall not be paid
      to
      either Party.

    

    9.2   Conditions
      to Obligations of SouthCrest.
      The
      obligations of SouthCrest to perform this Agreement and to consummate the Share
      Exchange and the other transactions contemplated hereby are subject to the
      satisfaction of the following conditions, unless waived by SouthCrest pursuant
      to Section 11.6(a) of this Agreement:

    

    (a)   Representations
      and Warranties.
      For
      purposes of this Section 9.2(a), the accuracy of the representations and
      warranties of Chickamauga as set forth or referred to in this Agreement shall
      be
      assessed as of the date of this Agreement and as of the Effective Time with
      the
      same effect as though all such representations and warranties had been made
      on
      and as of the Effective Time (provided that representations and warranties
      which
      are confined to a specified date shall speak only as of such date). The
      representations and warranties of Chickamauga set forth in Section 5.3 of
      this Agreement shall be true and correct (except for inaccuracies which are
      de
      minimus in amount or effect). There shall not exist inaccuracies in the
      representations and warranties of Chickamauga set forth in this Agreement
      (excluding the representations and warranties set forth in Section 5.3)
      such that the aggregate effect of such inaccuracies would have, or is reasonably
      likely to have, a Material Adverse Effect on Chickamauga or would reasonably
      likely result in SouthCrest’s inability to comply with the Sarbanes-Oxley Act of
      2005; provided that, for purposes of this sentence only, those representations
      and warranties which are qualified by referenced to “Material” or “Material
      Adverse Effect” shall be deemed not to include such qualifications.

    

    (b)   Performance
      of Agreements and Covenants.
      Each
      and all of the agreements and covenants of Chickamauga to be performed and
      complied with pursuant to this Agreement and the other agreements contemplated
      hereby prior to the Effective Time shall have been duly performed and complied
      with in all Material respects.

    

    (c)   Certificates.
      Chickamauga shall have delivered to SouthCrest (i) a certificate, dated as
      of
      the Effective Time and signed on its behalf by its Chief Executive Officer
      and
      Chief Financial Officer, to the effect that the conditions of its obligations
      set forth in Section 9.2 of this Agreement have been satisfied, and (ii)
      certified copies of resolutions duly adopted by the Chickamauga Board of
      Directors and shareholders evidencing the taking of all corporate action
      necessary to authorize the execution, delivery and performance of this
      Agreement, and the consummation of the transactions contemplated hereby, all
      in
      such reasonable detail as SouthCrest and its counsel shall request.

    

    
      
        
           

        

        
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    (d)   Opinion
      of Counsel.
      SouthCrest shall have received a written opinion from Morris, Manning &
Martin, LLP, counsel to Chickamauga, dated as of the Closing, in substantially
      the form of Exhibit C.

    

    (e)   Claims/Indemnification
      Letters.
      Each of
      the directors and officers of Chickamauga shall have executed and delivered
      to
      SouthCrest letters in substantially the form of Exhibit D.

    

    (f)   Audited
      Financial Statements.
      Chickamauga shall obtain an audit from Thompson, Rogers & Williams, PLLC for
      the financial statements as of and for the year ended December 31, 2006.
      Chickamauga shall also, at SouthCrest's request, engage a public accounting
      firm
      approved by SouthCrest to provide internal audit services.

    

    (g)   [Reserved.]

    

    (h)   Minimum
      Shareholders’ Equity.
      Adjusted Shareholders’ Equity shall equal (i) the shareholders’ equity
      calculated in accordance with the books and records of Chickamauga, consistent
      with past practice, GAAP and all requirements of applicable Regulatory
      Authorities, plus (ii) an amount equal to the amounts that have been, or would
      be, deducted for any items of “Other Comprehensive Income” on a balance sheet
      prepared as of Closing and in accordance with GAAP, less (iii) an amount equal
      to the amounts of “Other Comprehensive Income” that have been, or would be,
      added to shareholders’ equity on a balance sheet prepared as of Closing and in
      accordance with GAAP, and plus (iv) any costs, fees and charges of Seller’s
      accountants, counsel and financial advisors that are directly related to the
      transactions contemplated by this Agreement (but the costs associated with
      the
      audit required by Section 9.2(f) of this Agreement shall not be excluded).
      The
      adjustments described above are designed, in part, to back-out Chickamauga’s
      deal-related expenses as well as any expenses, fees or costs, including any
      supplemental contributions, annuity costs, actuarial fees and legal fees,
      related to the termination of the Defined Benefit Plan. Adjusted Shareholders’
Equity of Chickamauga shall not be less than $13,900,000 as of the Closing;
      provided, however, in the event the Adjusted Shareholders’ Equity of Chickamauga
      is less than $14,150,000 as of Closing, the Share Exchange Consideration shall
      be reduced by an amount equal to $14,150,000 minus the Adjusted Shareholders’
Equity of Chickamauga as of Closing.

    

    (i)   Minimum
      Allowance for Loan Losses.
      To
      conform with the accounting policies and allowance for loan loss methodologies
      of SouthCrest, the Allowance of Chickamauga as of the date of Closing shall
      not
      be less than the greater of (i) 1.25% of Chickamauga’s total loans outstanding,
      or (ii) $328,000.

    

    (j)   Maximum
      Number of Dissenters.
      The
      number of shares of Chickamauga Stock who dissent from the Share Exchange shall
      not exceed 10% of Chickamauga’s outstanding shares.

    

    (k)   Restrictive
      Covenant Agreements.
      Chickamauga shall have entered into restrictive covenant agreements,
      substantially in the form of Exhibit E,
      with
      the individuals named on Schedule
      9.2(k).

    

    
      
        
           

        

        
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    9.3   Conditions
      to Obligations of Chickamauga.
      The
      obligations of Chickamauga to perform this Agreement and consummate the Share
      Exchange and the other transactions contemplated hereby are subject to the
      satisfaction of the following conditions, unless waived by Chickamauga pursuant
      to Section 11.6(b) of this Agreement:

    

    (a)   Representations
      and Warranties.
      For
      purposes of this Section 9.3(a), the accuracy of the representations and
      warranties of SouthCrest as set forth or referred to in this Agreement shall
      be
      assessed as of the date of this Agreement and as of the Effective Time with
      the
      same effect as though all such representations and warranties had been made
      on
      and as of the Effective Time (provided that representations and warranties
      which
      are confined to a specified date shall speak only as of such date). The
      representations and warranties of SouthCrest set forth in Section 6.3 of
      this Agreement shall be true and correct (except for inaccuracies which are
      de
      minimus in amount or effect). There shall not exist inaccuracies in the
      representations and warranties of SouthCrest set forth in this Agreement
      (excluding the representations and warranties set forth in Section 6.3)
      such that the aggregate effect of such inaccuracies would have, or is reasonably
      likely to have, a Material Adverse Effect on SouthCrest; provided that, for
      purposes of this sentence only, those representations and warranties which
      are
      qualified by references to “Material” or “Material Adverse Effect” shall be
      deemed not to include such qualifications.

    

    (b)   Performance
      of Agreements and Covenants.
      Each
      and all of the agreements and covenants of SouthCrest to be performed and
      complied with pursuant to this Agreement and the other agreements contemplated
      hereby prior to the Effective Time shall have been duly performed and complied
      with in all Material respects.

    

    (c)   Certificates.
      SouthCrest shall have delivered to Chickamauga (i) a certificate, dated as
      of
      the Effective Time and signed on its behalf by its Chief Executive Officer
      and
      its Chief Financial Officer, to the effect that the conditions of its
      obligations set forth in Section 9.3(a) and 9.3(b) of this Agreement have
      been satisfied, and (ii) certified copies of resolutions duly adopted by
      SouthCrest’s Board of Directors evidencing the taking of all corporate action
      necessary to authorize the execution, delivery and performance of this
      Agreement, and the consummation of the transactions contemplated hereby, all
      in
      such reasonable detail as Chickamauga and its counsel shall
      request.

     

    ARTICLE
      10

    TERMINATION

    

    10.1   Termination.
      Notwithstanding any other provision of this Agreement, and notwithstanding
      the
      approval of this Agreement by the shareholders of Chickamauga and SouthCrest
      respectively, this Agreement may be terminated and the Share Exchange abandoned
      at any time prior to the Effective Time:

    

    (a)   By
      mutual
      consent of the respective Boards of Directors of SouthCrest and Chickamauga;
      or

    

    
      
        
           

        

        
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    (b)   By
      the
      Board of Directors of either Party (provided that the terminating Party is
      not
      then in Material breach of any representation, warranty, covenant or other
      agreement contained in this Agreement) in the event of a breach by the other
      Parties of any representation or warranty contained in this Agreement which
      cannot be or has not been cured within 30 days after the giving of written
      notice to the breaching Party of such breach and which breach would provide
      the
      non-breaching party the ability to refuse to consummate the Share Exchange
      under
      the standard set forth in Section 9.2(a) of this Agreement in the case of
      SouthCrest and Section 9.3(a) of this Agreement in the case of Chickamauga;
      or

    

    (c)   By
      the
      Board of Directors of either Party (provided that the terminating Party is
      not
      then in Material breach of any representation, warranty, covenant or other
      agreement contained in this Agreement) in the event (i) any Consent of any
      Regulatory Authority required for consummation of the Share Exchange shall
      have
      been denied by final nonappealable action of such authority or if any action
      taken by such authority is not appealed within the time limit for appeal, or
      (ii) the shareholders of Chickamauga fail to vote their approval of this
      Agreement and the transaction contemplated hereby at the Chickamauga Meeting
      where the transaction was presented to such shareholders for approval and voted
      upon; or

    

    (d)   By
      the
      Board of Directors of either Party in the event that the Share Exchange shall
      not have been consummated within one hundred eighty (180) days following the
      date of this Agreement, but only if the failure to consummate the transactions
      contemplated hereby within such timeframe is not caused by any breach of this
      Agreement by the Party electing to terminate pursuant to this Section 10.1(d);
      or

    

    (e)   By
      the
      Board of Directors of either Party (provided that the terminating Party is
      not
      then in Material breach of any representation, warranty, covenant or other
      agreement contained in this Agreement) in the event that any of the conditions
      precedent to the obligations of such Party to consummate the Share Exchange
      cannot be satisfied or fulfilled by the date specified in Section 10.1(d)
      of this Agreement; or

    

    (f)   By
      the
      Board of Directors of either Party in the event that the Board of Directors
      of
      the other Party shall have failed to reaffirm, following a written request
      by
      such Party for such reaffirmation after the other Party shall have received
      any
      inquiry or proposal with respect to an Acquisition Proposal, its approval of
      the
      Share Exchange (to the exclusion of any other Acquisition Proposal), or shall
      have resolved not to reaffirm the Share Exchange.

    

    10.2   Effect
      of Termination.
      In the
      event of the termination and abandonment of this Agreement pursuant to Section
      10.1 of this Agreement, this Agreement shall become void and have no effect,
      except that (i) the provisions of this Section 10.2 and Article 11 and
      Section 8.6(b) of this Agreement shall survive any such termination and
      abandonment, (ii) a termination pursuant to Sections 10.1(b) or 10.1(e) of
      this Agreement shall not relieve the breaching Party from Liability for an
      uncured willful breach of a representation, warranty, covenant or agreement
      giving rise to such termination provided that such Liability shall be determined
      solely in accordance with the effect of Section 11.2(b) of this Agreement;
      and
      (iii) a termination pursuant to Section 10.1(f) shall not relieve the Party
      whose Board of Directors does not reaffirm its approval of the Share Exchange
      Agreement from Liability for any loss incurred by the other Party as a result
      of
      such termination provided that such Liability shall be determined solely in
      accordance with the effect of Section 11.2(b) of this Agreement.

    

    
      
        
           

        

        
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    10.3   Non-Survival
      of Representations and Covenants.
      The
      respective representations, warranties, obligations, covenants and agreements
      of
      the Parties shall not survive the Effective Time except for this Section 10.3
      and Articles 2, 3, 4, and 11 and Sections 8.6(b), 8.10 and 8.11 of this
      Agreement.

    

    ARTICLE
      11

    MISCELLANEOUS

    

    11.1   Definitions.
      Except
      as otherwise provided herein, the capitalized terms set forth below (in their
      singular and plural forms as applicable) shall have the following
      meanings:

    

    “Acquisition
      Proposal”
with
      respect to a Party shall mean any tender offer or exchange offer or any proposal
      for a Share Exchange, acquisition of all of the stock or Assets of, or other
      business combination involving such Party or any of its Subsidiaries or the
      acquisition of a substantial equity interest in, or a substantial portion of
      the
      Assets of, such Party or any of its Subsidiaries.

    

    “Affiliate”
of
      a
      Person shall mean: (i) any other Person directly, or indirectly through one
      or
      more intermediaries, controlling, controlled by or under common control with
      such Person, (ii) any officer, director, partner, employer or direct or indirect
      beneficial owner of any 10% or greater equity or voting interest of such Person
      or (iii) any other Person for which a Person described in clause (ii) acts
      in
      any such capacity.

    

    “Agreement”
shall
      mean this Agreement and Plan of Share Exchange, including the Exhibits delivered
      pursuant hereto and incorporated herein by reference.

    

    “Allowance”
shall
      mean the allowance for loan or credit losses for the periods set forth in
      Section 5.9 of this Agreement.

    

    “Assets”
of
      a
      Person shall mean all of the assets, properties, businesses and rights of such
      Person of every kind, nature, character and description, whether real, personal
      or mixed, tangible or intangible, accrued or contingent, or otherwise relating
      to or utilized in such Person’s business, directly or indirectly, in whole or in
      part, whether or not carried on the books and records of such Person, and
      whether or not owned in the name of such Person or any Affiliate of such Person
      and wherever located.

    

    “BHC
      Act”
shall
      mean the federal Bank Holding Company Act of 1956, as amended.

    

    “Chickamauga
      Benefit Plans”
shall
      have the meaning set forth in Section 5.14 of this Agreement.

    

    
      
        
           

        

        
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    “Chickamauga
      Financial Statements”
shall
      mean (i) the consolidated balance sheets (including related notes and schedules,
      if any) of Chickamauga as of September 30, 2006 and as of December 31,
      2005, 2004 and 2003, and the related statements of income, changes in
      shareholders’ equity and cash flows (including related notes and schedules, if
      any) for the nine months ended September 30, 2006 and 2005 and each of the
      three fiscal years ended December 31, 2005, as prepared by Chickamauga, and
      (ii) the consolidated statements of condition of Chickamauga (including
      related notes and schedules if any) and related statements of income, changes
      in
      shareholders’ equity and cash flows (including related notes and schedules, if
      any) filed with respect to periods ended subsequent to September 30,
      2006.

    

    “Chickamauga
      Meeting”
shall
      mean the special meeting of the shareholders of Chickamauga or any adjournment
      thereof to vote on the matters set forth in the Proxy Statement.

    

    “Chickamauga
      Regulatory Report”
shall
      mean any form, report, or document either (i) filed or required to be filed
      by
      Chickamauga with any Regulatory Authority, or (ii) received by Chickamauga
      from
      any Regulatory Authority.

    

    “Closing”
shall
      mean the closing of the transaction contemplated hereby, as described in Section
      1.2 of this Agreement.

    

    “Confidential
      Information” shall
      mean any data or information, which is material to a Party and not generally
      known by the public. Confidential Information shall include, but not be limited
      to, business opportunities of a Party, the details of this Agreement, the
      identity and addresses of customers of such Party, the whole or any portion
      or
      phase of any scientific or technical information, design process, procedure,
      formula or improvement that is valuable and secret and which is defined as
      a
“trade secret” under Georgia law pursuant to the Georgia Trade Secrets
      Act.

    

    “Consent”
shall
      mean any consent, approval, authorization, clearance, exemption, waiver or
      similar affirmation by any Person pursuant to any Contract, Law, Order or
      Permit.

    

    “Contract”
shall
      mean any written or oral agreement, arrangement, authorization, commitment,
      contract, indenture, instrument, lease, obligation, plan, practice, restriction,
      understanding or undertaking of any kind or character or other document to
      which
      any Person is a party or that is binding on any Person or its capital stock,
      Assets or business.

    

    “Default”
shall
      mean (i) any breach or violation of or default under any Contract, Order or
      Permit, (ii) any occurrence of any event that with the passage of time or the
      giving of control or both would constitute a breach or violation of or default
      under any Contract, Order or Permit, or (iii) any occurrence of any event that
      with or without the passage of time or the giving of notice would give rise
      to a
      right to terminate or revoke, change the current terms of, or renegotiate,
      or to
      accelerate, increase or impose any Liability under, any Contract, Order or
      Permit.

    

    “Defined
      Benefit Plan”
shall
      mean the Bank of Chickamauga Defined Benefit Pension Plan. 

    

    
      
        
           

        

        
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    “Effective
      Time”
shall
      mean the date and time at which the Articles of Share Exchange reflecting the
      Share Exchange shall become effective with the Secretary of State of the State
      of Georgia. 

    

    “Environmental
      Laws”
shall
      mean all federal, state, municipal and local laws, statutes, orders,
      regulations, decrees, resolutions, proclamations, permits, licenses, approvals,
      authorizations, consents, judgments, judicial decisions and other governmental
      requirements, limitations and standards relating to the environment, health
      and
      safety issues, including, without limitation, the manufacture, generation,
      use,
      processing, treatment, recycling, storage, handling, “Release” (as hereinafter
      defined), investigation, removal, remediation and cleanup of or other corrective
      action for “Hazardous Materials” (as hereinafter defined), exposure to Hazardous
      Materials and personal injury, natural resource damage, property damage and
      interference with the use of property caused by or resulting from Hazardous
      Materials.

    

    “ERISA”
shall
      mean the Employee Retirement Income Security Act of 1974, as
      amended.

    

    “ERISA
      Affiliate”
      shall
      have the meaning provided in Sections 5.14 and 6.21 of this
      Agreement.

    

    “ERISA
      Plan”
shall
      have the meaning provided in Sections 5.14 and 6.21 of this
      Agreement.

    

    “Exhibits”
A
      through E, inclusive, shall mean the Exhibits so marked, copies of which are
      attached to this Agreement. Such Exhibits are hereby incorporated by reference
      herein and made a part hereof, and may be referred to in this Agreement and
      any
      other related instrument or document without being attached hereto.

    

    “GAAP”
shall
      mean generally accepted accounting principles, consistently applied during
      the
      periods involved.

    

    “Georgia
      Code”
shall
      mean the Georgia Business Corporation Code and the Financial Institutions Code
      of Georgia.

    

    “Hazardous
      Materials”
shall
      mean all hazardous, toxic, explosive, corrosive, flammable, infectious,
      radioactive, carcinogenic, mutagenic and volatile substances, materials,
      compounds, chemicals and waste, and all other industrial waste, sanitary waste,
      pollutants and contaminants, and all constituents thereof, including, without
      limitation, petroleum hydrocarbons, asbestos-containing materials, lead-based
      paints and all substances, materials, wastes, chemicals, compounds, contaminants
      and pollutants regulated or addressed by Environmental Laws.

    

    “IRS”
shall
      mean the Internal Revenue Service.

    

    “Internal
      Revenue Code”
shall
      mean the Internal Revenue Code of 1986, as amended, and the rules and
      regulations promulgated thereunder.

    

    
      
        
           

        

        
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    “Knowledge”
as
      used
      with respect to a Person shall mean the knowledge, after all appropriate
      inquiry, of the President, Chief Financial Officer, Chief Accounting Officer,
      Chief Credit Officer, General Counsel, or any Executive Vice President of such
      Person.

    

    “Law”
shall
      mean any code, law, ordinance, regulation, reporting or licensing requirement,
      rule or statute and all Environmental Laws applicable to a Person or its Assets,
      Liabilities or business, including, without limitation, those promulgated,
      interpreted or enforced by any of the Regulatory Authorities.

    

    “Liability”
shall
      mean any direct or indirect, primary or secondary, liability, indebtedness,
      obligation, penalty, cost or expense (including, without limitation, costs
      of
      investigation, collection and defense), claim, deficiency, guaranty or
      endorsement of or by any Person (other than endorsements of notes, bills, checks
      and drafts presented for collection or deposit in the ordinary course of
      business) of any type, whether accrued, absolute or contingent, liquidated
      or
      unliquidated, matured or unmatured or otherwise.

    

    “LIBOR”
      shall
      mean the three month London Interbank Offered Rate quoted or published from
      time
      to time in the Money Rates section of the Wall
      Street Journal,
      or if
      no such rate is published in the Wall
      Street Journal,
      then
      the nearest comparable published rate based on the Reuters screen, or if no
      such
      rate is published on the Reuters screen, then the nearest comparable published
      rate based on Telerate, or if no such rate is published on Telerate, then the
      nearest comparable rate, as reasonably determined by SouthCrest.  

    

    “Lien”
shall
      mean any conditional sale agreement, default of title, easement, encroachment,
      encumbrance, hypothecation, infringement, lien, mortgage, pledge, reservation,
      restriction, security interest, title retention or other security arrangement,
      or any adverse right or interest, charge or claim of any nature whatsoever
      of,
      on or with respect to any property or property interest, other than (i) Liens
      for current property Taxes not yet due and payable, (ii) for depository
      institution Subsidiaries of a Party, pledges to secure deposits and other Liens
      incurred in the ordinary course of the banking business, (iii) Liens which
      are
      not reasonably likely to have, individually or in the aggregate, a Material
      Adverse Effect on a Party; and (iv) Liens which have been Previously
      Disclosed.

    

    “Litigation”
shall
      mean any action, arbitration, cause of action, claim, complaint, criminal
      prosecution, demand letter, governmental or other examination or investigation,
      request for information, hearing, inquiry, administrative or other proceeding,
      or notice (written or oral) by any Person alleging potential Liability or
      requesting information relating to or affecting a Party, its business, its
      Assets (including, without limitation, Contracts related to it) or the
      transactions contemplated by this Agreement, but shall not include regular,
      periodic examinations of depository institutions and their Affiliates by
      Regulatory Authorities.

    

    “Loan
      Property”
shall
      mean any property owned, leased or operated by the Party in question or by
      any
      of its Subsidiaries or in which such Party or Subsidiary holds a security or
      other interest (including an interest in a fiduciary capacity), and, where
      required by the context, includes the owner or operator of such property, but
      only with respect to such property.

    

    
      
        
           

        

        
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    “Material”
for
      purposes of this Agreement shall be determined in light of the facts and
      circumstances of the matter in question; provided that any specific monetary
      amount stated in this Agreement shall determine materiality in that
      instance.

    

    “Material
      Adverse Effect”
on
      a
      Party shall mean an event, change, condition or occurrence which has a Material
      adverse impact on (i) the financial position, business or results of operations
      of such Party and its Subsidiaries, taken as a whole, or (ii) the ability of
      such Party to perform its obligations under this Agreement or to consummate
      the
      Share Exchange or the other transactions contemplated by this Agreement;
      provided that “Material Adverse Effect” shall not be deemed to include the
      impact of (a) changes in banking and similar Laws of general applicability
      or
      interpretations thereof by courts or governmental authorities, (b) changes
      in
      GAAP or regulatory accounting principles generally applicable to banks and
      their
      holding companies, (c) actions and omissions of a Party (or any of its
      Subsidiaries) taken with the prior informed consent of the other Party in
      contemplation of the transactions contemplated hereby, (d) the transactions,
      expenses and fees contemplated hereby and compliance with the provisions of
      this
      Agreement on the operating performance of the Parties, or (e) changes in
      economic or other conditions, including the interest rate environment, affecting
      the banking industry in general.

    

    “1933
      Act”
shall
      mean the Securities Act of 1933, as amended.

    

    “Order”
shall
      mean any administrative decision or award, decree, injunction, judgment, order,
      quasi-judicial decision or award, ruling or writ of any federal, state, local
      or
      foreign or other court, arbitrator, mediator, tribunal, administrative agency
      or
      Regulatory Authority.

    

    “Participation
      Facility”
shall
      mean any facility or property in which the Party in question or any of its
      Subsidiaries participates in the management (including, but not limited to,
      any
      property or facility held in a joint venture) and, where required by the
      context, said term means the owner or operator of such facility or property,
      but
      only with respect to such facility or property.

    

    “Party”
shall
      mean either Chickamauga or SouthCrest, and “Parties”
shall
      mean Chickamauga and SouthCrest.

    

    “Permit”
shall
      mean any federal, state, local and foreign governmental approval, authorization,
      certificate, easement, filing, franchise, license, notice, permit or right
      to
      which any Person is a party or that is or may be binding upon or inure to the
      benefit of any Person or its capital stock, Assets, Liabilities or
      business.

    

    “Person” shall
      mean a natural person or any legal, commercial or governmental entity, such
      as,
      but not limited to, a corporation, general partnership, joint venture, limited
      partnership, limited liability company, trust, business association, group
      acting in concert or any person acting in a representative
      capacity.

    

    
      
        
           

        

        
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    “Previously
      Disclosed” shall
      mean information delivered in writing prior to the date of this Agreement in
      the
      manner and to the Party or counsel described in Section 11.8 of this Agreement
      or to the Party’s Investment Advisor in response to its due diligence request
      describing in reasonable detail the matters contained therein or identifying
      the
      information disclosed; provided
      that
      in the
      case of Subsidiaries acquired after the date of this Agreement, such information
      may be so delivered by the acquiring Party to the other Party prior to the
      date
      of such acquisition.

    

    “Proxy
      Statement” shall
      mean the Proxy Statement used by Chickamauga to solicit the approval of its
      shareholders of the transactions contemplated by this Agreement.

    

    “Regulatory
      Authorities”
shall
      mean, collectively, the Federal Trade Commission, the United States Department
      of Justice, the Board of the Governors of the Federal Reserve System, the
      Georgia Department of Banking and Finance, the Federal Deposit Insurance
      Corporation, the Office of the Comptroller of the Currency, all state regulatory
      agencies having jurisdiction over the Parties and their respective Subsidiaries,
      NASD and the SEC.

    

    “Release”
shall
      mean any spilling, leaking, pumping, pouring, emitting, emptying, discharging,
      injecting, escaping, leaching, dumping, abandonment or disposing into or
      migration within the environment.

    

    “Representatives” shall
      have the meaning set forth in Section 8.8.

    

    “SEC” shall
      mean the Securities and Exchange Commission.

    

    “SEC
      Documents”
shall
      mean all forms, proxy statements, reports, registration statements, schedules
      and other documents filed, or required to be filed, by a Party or any of its
      Subsidiaries with any Regulatory Authority pursuant to the Securities Laws
      or
      similar requirement of any Regulatory Authority.

    

    “Securities
      Laws”
shall
      mean the 1933 Act, the Securities Exchange Act of 1934, the Investment Company
      Act of 1940, as amended, the Investment Advisors Act of 1940, as amended, the
      Trust Indenture Act of 1939, as amended, and the rules and regulations of any
      Regulatory Authority promulgated thereunder.

    

    “Share
      Exchange”
shall
      mean the Share Exchange of Chickamauga with and into SouthCrest referred to
      in
      the Preamble of this Agreement.

    

    “Share
      Exchange Consideration”
shall
      mean the aggregate consideration to be received for all of the shares of
      Chickamauga Stock.

    

    “SouthCrest
      Common Stock”
shall
      mean the no par value common stock of SouthCrest.

    

    “SouthCrest
      Companies”
shall
      mean, collectively, SouthCrest and all SouthCrest Subsidiaries.

    

    
      
        
           

        

        
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    “SouthCrest
      Financial Statements”
shall
      mean (i) the consolidated balance sheets (including related notes and schedules,
      if any) of SouthCrest as of September 30, 2006 and as of December 31,
      2005, 2004 and 2003, and the related statements of income, changes in
      shareholders’ equity and cash flows (including related notes and schedules, if
      any) for the nine months ended September 30, 2006 and 2005 and each of the
      three fiscal years ended December 31, 2005, as prepared by SouthCrest, and
      (ii) the consolidated statements of condition of SouthCrest (including
      related notes and schedules if any) and related statements of income, changes
      in
      shareholders’ equity and cash flows (including related notes and schedules, if
      any) filed with respect to periods ended subsequent to September 30,
      2006.

    

    “SouthCrest
      Subsidiaries”
shall
      mean the subsidiaries of SouthCrest.

    

    “Subsidiaries”
shall
      mean all those corporations, banks, association, or other entities of which
      the
      entity in question owns or controls 5% or more of the outstanding equity
      securities either directly or through an unbroken chain of entities as to each
      of which 5% or more of the outstanding equity securities is owned directly
      or
      indirectly by its parent; provided,
      however,
      there
      shall not be included any such entity acquired through foreclosure or any such
      entity the equity securities of which are owned or controlled in a fiduciary
      capacity.

    

    “Tax”
      or“Taxes”
shall
      mean all federal, state, county, local and foreign taxes, charges, fees, levies,
      imposts, duties or other assessments, including income, gross receipts, excise,
      employment, sales, use, transfer, license, payroll, franchise, severance, stamp,
      occupation, windfall profits, environmental, federal highway use, commercial
      rent, customs duties, capital stock, paid-up capital, profits, withholding,
      Social Security, single business and unemployment, disability, real property,
      personal property, registration, ad valorem, value added, alternative or add-on
      minimum, estimated or other tax or governmental fee of any kind whatsoever,
      imposed or required to be withheld by the United States or any state, local,
      or
      foreign government or subdivision or agency thereof, including interest and
      penalties thereon or additions with respect thereto.

    

    “Taxable
      Period” shall
      mean any period prescribed by any governmental authority, including the United
      States or any state, local or foreign government or subdivision or agency
      thereof for which a Tax Return required to be filed or Tax is required to be
      paid.

    

    “Tax
      Return” shall
      mean any report, return or other information required to be supplied to a taxing
      authority in connection with Taxes, including any return of an affiliated or
      combined or unitary group that includes a Party or its
      Subsidiaries.

     

    11.2   Expenses.

    

    (a)   General.
      Except
      as otherwise provided in this Section 11.2, each of the Parties shall bear
      and
      pay all direct costs and expenses incurred by it or on its behalf in connection
      with the transactions contemplated hereunder, including filing, registration
      and
      application fees, printing fees and fees and expenses of its own financial
      advisors or other consultants, investment bankers, accountants, and
      counsel.

    

    
      
        
           

        

        
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    (b)   Breach
      by Either Party or Fiduciary Duty Termination.
      In
      addition to the foregoing, if prior to the Effective Time, this Agreement is
      terminated by either Party as a result of (i) the other Party’s willful breach
      of such Party’s representations, warranties or agreements set forth herein of
      this Agreement (except as provided for in Section 9.1(e) of this Agreement)
      or
      (ii) the failure of the other Party’s Board of Directors to reaffirm its
      approval of the Share Exchange pursuant to Section 10.1(f), such Party
      shall pay to the non-breaching Party or Party requesting the reaffirmation
      as
      its sole and exclusive remedy resulting from such termination, an amount in
      cash
      equal to $360,000, which sum represents compensation for the loss incurred
      by
      the Party requesting the reaffirmation as the result of the transactions
      contemplated by this Agreement not being consummated.

    

    11.3   Brokers
      and Finders.
      Each
      Party represents and warrants to the other Party that neither it nor any of
      its
      officers, directors, employees or Affiliates has employed any broker or finder
      or incurred any Liability for any financial advisory fees, investment bankers’
fees, brokerage fees, commissions or finders’ fees in connection with this
      Agreement or the transactions contemplated hereby, except for Chickamauga’s
      Investment Advisor which has been retained by Chickamauga pursuant to the
      agreement previously disclosed to SouthCrest. In the event of a claim by any
      other broker or finder based upon his or its representing or being retained
      by
      or allegedly representing or being retained by any Party, such Party shall
      indemnify and hold the other Party harmless of and from any Liability in respect
      of any such claim and increase or decrease the Share Exchange Consideration,
      as
      the case may be, by an amount equal to such claim as determined by the
      non-breaching Party.

    

    11.4   Entire
      Agreement.
      Except
      as otherwise expressly provided herein, this Agreement (including the documents
      and instruments referred to herein) constitutes the entire agreement between
      the
      Parties with respect to the transaction contemplated hereunder and supersedes
      all prior arrangements or understandings with respect thereto, written or oral.
      Nothing in this Agreement expressed or implied, is intended to confer upon
      any
      Person, other than the Parties or their respective successors, any rights,
      remedies, obligations or liabilities under or by reason of this
      Agreement.

    

    11.5   Amendments.
      To the
      extent permitted by Law, this Agreement may be amended by a subsequent writing
      signed by each of the Parties upon the approval of the Boards of Directors
      of
      each of the Parties; whether before or after shareholder approval of the Share
      Exchange has been obtained; provided,
      however,
      that
      after any such approval by the holders of Chickamauga Stock, there shall be
      made
      no amendment decreasing the consideration to be received by Chickamauga
      shareholders without the further approval of such shareholders.

    

    
      
        
           

        

        
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    11.6   Waivers.

    

    (a)   Prior
      to
      or at the Effective Time, SouthCrest, acting through its Board of Directors,
      Chief Executive Officer or other authorized officer, shall have the right to
      waive any Default in the performance of any term of this Agreement by
      Chickamauga, to waive or extend the time for the compliance or fulfillment
      by
      Chickamauga of any and all of its obligations under this Agreement and to waive
      any or all of the conditions precedent to the obligations of SouthCrest under
      this Agreement, except any condition which, if not satisfied, would result
      in
      the violation of any Law. No such waiver shall be effective unless in writing
      signed by a duly authorized officer of SouthCrest.

     

    (b)   Prior
      to
      or at the Effective Time, Chickamauga, acting through its Board of Directors,
      Chief Executive Officer or other authorized officer, shall have the right to
      waive any Default in the performance of any term of this Agreement by
      SouthCrest, to waive or extend the time for the compliance or fulfillment by
      SouthCrest of any and all of its obligations under this Agreement and to waive
      any or all of the conditions precedent to the obligations of Chickamauga under
      this Agreement, except any condition which, if not satisfied, would result
      in
      the violation of any Law. No such waiver shall be effective unless in writing
      signed by a duly authorized officer of Chickamauga.

    

    (c)   The
      failure of any Party at any time or times to require performance of any
      provision hereof shall in no manner affect the right of such Party at a later
      time to enforce the same or any other provision of this Agreement. No waiver
      of
      any condition or of the breach of any term contained in this Agreement in one
      or
      more instances shall be deemed to be or construed as a further or continuing
      waiver of such condition or breach or a waiver of any other condition or of
      the
      breach of any other term of this Agreement.

    

    11.7   Assignment.
      Except
      as expressly contemplated hereby, neither this Agreement nor any of the rights,
      interests or obligations hereunder shall be assigned by any Party hereto
      (whether by operation of Law or otherwise) without the prior written consent
      of
      the other Party. Subject to the preceding sentence, this Agreement will be
      binding upon, inure to the benefit of and be enforceable by the Parties and
      their respective successors and assigns.

    

    11.8   Notices.
      All
      notices or other communications which are required or permitted hereunder shall
      be in writing and sufficient if delivered by hand, by facsimile transmission,
      by
      registered or certified mail, postage pre-paid, or by courier or overnight
      carrier, to the persons at the addresses set forth below (or at such other
      address as may be provided hereunder), and shall be deemed to have been
      delivered as of the date so delivered or refused:

    

    
      
        
           

        

        
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              SouthCrest:

            	 	
              SouthCrest
                Financial Group, Inc. 

              600
                North Glynn St.

              Fayetteville,
                GA 30214

              (770)
                461-2701 - FAX

              Attn:
                Douglas J. Hertha

            
	 	 	 
	
              Copy
                to Counsel:

            	 	
              Powell
                Goldstein LLP

              One
                Atlantic Center

              Fourteenth
                Floor

              1201
                West Peachtree Street, NW

              Atlanta,
                GA 30309-3488

              (404)
                572-6999 - FAX

              Attn:
                Walter G. Moeling, IV and Robert D. Klingler

            
	 	 	 
	
              Chickamauga:

            	 	
              Bank
                of Chickamauga

              201
                Gordon Street

              Chickamauga,
                GA 30707

              (706)
                375-3112

              Attn:
                Michael Wright

            
	 	 	 
	
              Copy
                to Counsel:

            	 	
              Morris,
                Manning & Martin, LLP

              1600
                Atlanta Financial Center

              3343
                Peachtree Road

              Atlanta,
                GA 30326-1044

              (404)
                365-9532 - FAX

              Attn:
                T. Daniel Brannan and Matthew T.
                Harris

            

    

    

    11.9   Governing
      Law.
      Regardless of any conflict of law or choice of law principles that might
      otherwise apply, the Parties agree that this Agreement shall be governed by
      and
      construed in all respects in accordance with the laws of the State of Georgia.
      The Parties all expressly agree and acknowledge that the State of Georgia has
      a
      reasonable relationship to the Parties and/or this Agreement. Each Party hereby
      irrevocably waives, to the fullest extent permitted by Law, (a) any objection
      that it may now or hereafter have to laying venue of any suit, action or
      proceeding brought in such court, (b) and claim that any suit, action or
      proceeding brought in such court has been brought in an inconvenient forum,
      and
      (c) and defense that it may now or hereafter have based on lack of personal
      jurisdiction in such forum.

    

    11.10    Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original, but all of which together shall constitute one and
      the
      same instrument.

    

    11.11   Captions;
      Articles and Sections.
      The
      captions contained in this Agreement are for reference purposes only and are
      not
      part of this Agreement. Unless otherwise indicated, all references to particular
      Articles or Sections shall mean and refer to the referenced Articles and
      Sections of this Agreement.

    

    
      
        
           

        

        
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    11.12   Enforcement
      of Agreement.
      The
      Parties hereto agree that irreparable damage would occur in the event that
      any
      of the provisions of this Agreement was not performed in accordance with its
      specific terms or was otherwise breached. It is accordingly agreed that the
      Parties shall be entitled to an injunction or injunctions to prevent breaches
      of
      this Agreement and to enforce specifically the terms and provisions hereof
      in
      any court of the United States or any state having jurisdiction, this being
      in
      addition to any other remedy to which they are entitled at law or in equity
      other than for willful breach of a Party’s representations, warranties or
      agreements as provided for in Section 11.2(b) of this Agreement.

    

    11.13   Severability.
      Any
      term or provision of this Agreement which is invalid or unenforceable in any
      jurisdiction shall, as to that jurisdiction, be ineffective to the extent of
      such invalidity or unenforceability without rendering invalid or unenforceable
      the remaining terms and provisions of this Agreement or affecting the validity
      or enforceability of any the terms or provisions of this Agreement in any other
      jurisdiction. If any provision of this Agreement is so broad as to be
      unenforceable, the provision shall be interpreted to be only so broad as is
      enforceable.

    

    11.14   Interpretation
      of Agreement.
      The
      Parties hereto acknowledge and agree that each Party has participated in the
      drafting of this Agreement and that this document has been reviewed, negotiated
      and accepted by all parties and their respective counsel, and the normal rule
      of
      construction to the effect that any ambiguities are to be resolved against
      the
      drafting party shall not be applied to the interpretation of this Agreement.
      No
      inference in favor, or against, any party shall be drawn from the fact that
      one
      party has drafted any portion hereof.

    

    
      
        
           

        

        
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    IN
      WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed
      on
      its behalf and its corporate seal to be hereunto affixed and attested by
      officers thereunto as of the day and year first above written.

    

    
      	 	 	
              “CHICKAMAUGA”

            
	 	 	 
	
              ATTEST:

            	 	
              BANK
                OF CHICKAMAUGA

            
	 	 	 
	
              /s/
                Harry C. Kythas

            	 	
              /s/
                Michael S. Wright

            
	
              Harry
                C. Kythas, Secretary

            	 	
              Michael
                S. Wright, President & CEO

            
	 	 	 
	
              (CORPORATE
                SEAL)

            	 	 
	 	 	 
	 	 	 
	 	 	
              “SOUTHCREST”

            
	 	 	 
	
              ATTEST:

            	 	
              SOUTHCREST
                FINANCIAL GROUP, INC.

            
	 	 	 
	 	 	 
	
              /s/
                Douglas J. Hertha

            	 	
              /s/
                Daniel W. Brinks

            
	
              Douglas
                J. Hertha, Secretary

            	 	
              Daniel
                W. Brinks, Chairman

            
	 	 	 
	
              (CORPORATE
                SEAL)

            	 	 
	 	 	
              /s/
                Larry T. Kuglar

            
	 	 	
              Larry
                T. Kuglar, President

            

    

    

    
      
        
           

        

        
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    Schedule
      Index

    

    
      	
              Schedule

            	 	
              Description

            
	
              3.1(iv)

            	 	
              Known
                Contractual Obligations of Chickamauga

            
	
              9.2(k)

            	 	
              Individuals
                to Sign Restricted Covenant
                Agreements

            

    

     

    
      
        
           

        

        
          
          

          
            

          

        

        
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    Exhibit
      Index

    

    
      	
              Exhibit

            	 	
              Description

            
	
              A

            	 	
              List
                of Chickamauga Shareholders

            
	
              B

            	 	
              Form
                of Shareholder Support Agreement

            
	
              C

            	 	
              Form
                of Morris, Manning & Martin, LLP Opinion

            
	
              D

            	 	
              Form
                of Claims/Indemnification Letter

            
	
              E

            	 	
              Form
                of Restrictive Covenant Agreement

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