Document:

Sixth Amendment to Credit Agreement

 Exhibit 10.1 
 SIXTH AMENDMENT TO CREDIT AGREEMENT 
 THIS SIXTH AMENDMENT TO CREDIT
AGREEMENT is made as of April 30, 2012 (the “Sixth Amendment to Credit Agreement,” or this “Amendment”), among Diodes Incorporated, a Delaware corporation, Diodes Zetex Limited, a United Kingdom
corporation, Diodes International B.V., a Netherlands corporation (collectively, “Borrowers”), and Bank of America, N.A. (“Lender”). 

R E C I T A L S 
 A. Borrowers and Lender are parties to that certain Credit Agreement dated as of November 25, 2009, as modified pursuant to the terms of that certain letter dated as of March 31, 2010 from
Lender to Borrowers and as modified by a First Amendment to Credit Agreement dated as of July 16, 2010, a Second Amendment to Credit Agreement dated as of November 24, 2010, a Third Amendment to Credit Agreement dated as of
February 9, 2011, a Fourth Amendment to Credit Agreement dated as of November 23, 2011 and a Fifth Amendment to Credit Agreement (the “Fifth Amendment”) dated as of February 1, 2012 (the “Original
Credit Agreement”). 
 B. On or about February 1, 2012, in connection with the closing of the Fifth Amendment,
Diodes International B.V., a Netherlands corporation (“Diodes BV”), borrowed the full $40,000,000 Term Loan provided for pursuant to the Fifth Amendment. 

C. Borrowers now desire for Diodes BV to partially repay the Term Loan in an amount equal to $30,000,000 and for Lender to make a new
term loan available to Diodes Incorporated, a Delaware corporation (the “Company”) in an amount equal to $30,000,000. 
 D. The parties desire to amend the Original Credit Agreement to extend a term loan to the Company and to make other modifications as hereinafter provided. 

NOW, THEREFORE, in consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows: 
 1. Same Terms. All terms used herein which are
defined in the Original Credit Agreement shall have the same meanings when used herein, unless the context hereof otherwise requires or provides. In addition, all references in the Loan Documents to the “Agreement” shall mean the Original
Credit Agreement, as amended by this Sixth Amendment to Credit Agreement, as the same shall hereafter be amended from time to time. In addition, the following term has the meaning set forth below: 

“Effective Date” means April 30, 2012. 

2. Amendments to Original Credit Agreement. (a) As of the Effective Date, the introductory paragraph of the Original
Credit Agreement is amended and restated in its entirety as follows: 
 (i) “This CREDIT AGREEMENT
(“Agreement”) is entered into as of November 25, 2009, among DIODES INCORPORATED, a Delaware corporation (“Company”), DIODES ZETEX LIMITED, a United Kingdom corporation (together with Company, the
“Original Borrowers” and, each an “Original Borrower”), and following the Fifth Amendment Effective Date, DIODES INTERNATIONAL B.V., a besloten vennootschap met beperkte aansprakelijkheid (“Diodes
BV”), and BANK OF AMERICA, N.A., (“Lender”).” 

  
 SIXTH AMENDMENT TO
CREDIT AGREEMENT– Page 1 

 (b) As of the Effective Date, the following definitions set forth in
Section 1.01 of the Original Credit Agreement shall be amended as follows: 
 (i) “Borrower or
Borrowers” means each Original Borrower and Diodes BV. 
 (ii) “Loan Parties” means,
collectively, each Borrower, each Subsidiary Guarantor, Diodes Zetex Semiconductors Limited, a United Kingdom corporation, Diodes Zetex UK Limited, a United Kingdom corporation and Diodes Zetex GmbH, a German corporation.” 

(iii) “Term Loans” means, collectively, the Company Term Loan and the Diodes BV Term Loan, and
“Term Loan” means either one of the Term Loans. 
 (iv) “Term Notes” means,
collectively, the Company Term Note and the Diodes BV Term Note, and “Term Note” means either one of the Term Notes. 
 (c) As of the Effective Date, the following new definitions shall be added to Section 1.01 of the Original Credit Agreement in appropriate alphabetical order: 

(i) “Company Term Loan” has the meaning specified in 2.04C. 

(ii) “Company Term Note” has the meaning specified in 2.04C. 

(iii) “Diodes BV” has the meaning specified in the introductory paragraph of the Agreement. 

(iv) “Diodes BV Term Loan” has the meaning specified in 2.04B. 

(v) “Diodes BV Term Note” has the meaning specified in 2.04B. 

(vi) “Diodes Zetex Pension Scheme” means the Diodes Zetex Pension Scheme established under an interim
deed dated March 15, 1984 and governed by a third definitive deed and rules dated January 7, 2009, as amended. 
 (vii) “Diodes Zetex Pension Scheme Guarantee” means that certain pension protection fund compliant Guarantee by Diodes Zetex Semiconductors Limited, a United Kingdom corporation, for the
benefit of HR Trustees Limited and others as trustees of the Diodes Zetex Pension Scheme. 
 (viii)
“Diodes Zetex Pension Scheme Legal Charge” means that certain Legal Charge by and between Diodes Zetex Semiconductors Limited, a United Kingdom corporation, HR Trustees Limited and others as trustees of the Diodes Zetex Pension
Scheme, pursuant to which Diodes Zetex Semiconductors Limited grants a lien on certain real property located in the United Kingdom to secure obligations under the Diodes Zetex Pension Scheme. 

(ix) “Sixth Amendment Effective Date” means April 30, 2012. 

  
 SIXTH AMENDMENT TO
CREDIT AGREEMENT– Page 2 

 (d) As of the Effective Date, the definition of “Term Borrower” is
hereby deleted from Section 1.01 of the Original Credit Agreement, and all other references in the Original Credit Agreement to “Term Borrower” are hereby amended to read “Diodes BV”. 

(e) As of the Effective Date, Section 2.04B of the Original Credit Agreement is amended to read in its entirety as
follows: 
 “2.04B Diodes BV Term Loan. 

(a) Subject to the terms and conditions set forth herein, on the Fifth Amendment Effective Date, Lender made a term loan
to Borrowers in the form of a $40,000,000 advance to Diodes BV (the “Diodes BV Term Loan”). Diodes BV shall partially repay the Diodes BV Term Loan on the Sixth Amendment Effective Date in an amount equal to $30,000,000. The Diodes
BV Term Loan is not a revolving credit facility, and any amount repaid may not be reborrowed. Lender confirms that it is a professional market party within the meaning of the FSA. 

(b) The proceeds of the Diodes BV Term Loan may be used for general corporate purposes, financing temporary cash
shortness, capital expenditures and to pay fees and expenses in connection therewith. 
 (c) The obligation of
Diodes BV to repay the Diodes BV Term Loan shall be evidenced by the Diodes BV Term Note, which shall be (a) payable on or before the Maturity Date, and (b) entitled to the benefits of this Agreement and the security provided for herein.

 (f) As of the Effective Date, Article 2 of the Original Credit Agreement is amended by adding new
Section 2.04C to read in its entirety as follows: 
 “2.04C Company Term Loan. 

(a) Subject to the terms and conditions set forth herein, Lender shall lend to Borrowers the sum of $30,000,000 in the
form of a term loan to be advanced to the Company (the “Company Term Loan”). Lender agrees to make the Company Term Loan to Borrowers in a single advance to the Company on or about the Sixth Amendment Effective Date, subject to and
in accordance with the other terms and provisions of this Agreement. The Company Term Loan is not a revolving credit facility, and any amount repaid may not be reborrowed. 

(b) The proceeds of the Company Term Loan may be used for general corporate purposes, financing temporary cash shortness,
capital expenditures and to pay fees and expenses in connection therewith. The proceeds of the Company Term Loan shall be held by the Company in one or more accounts at Lender until such time as the Company desires to utilize the proceeds for the
purposes described in the preceding sentence. 
 (c) The obligation of Borrowers to repay the Company Term Loan
shall be evidenced by the Company Term Note, which shall be (a) payable on or before the Maturity Date, and (b) entitled to the benefits of this Agreement and the security provided for herein. 

  
 SIXTH AMENDMENT TO
CREDIT AGREEMENT– Page 3 

 (g) As of the Effective Date, Section 7.01 of the Original Credit
Agreement is hereby amended to add the following new section (k) thereto: 
 “(k) Liens arising under
the Diodes Zetex Pension Scheme Legal Charge.” 
 (h) As of the Effective Date, Section 7.03 of the
Original Credit Agreement is amended to add the following new Section 7.03(i) thereto: 
 “(i)
Indebtedness arising under the Diodes Zetex Pension Scheme Guarantee.” 
 (i) As of the Effective Date,
Section 8.01 of the Original Credit Agreement is amended to add the following new Section 8.01(l) thereto: 
 “(l) Diodes Zetex Limited, Diodes Zetex Semiconductors Limited or Company fails to perform any obligation required by the Diodes Zetex Pension Scheme and the result of such failure is the ability of
the trustees of such scheme to exercise remedies under the Diodes Zetex Pension Scheme Guarantee or the Diodes Zetex Pension Scheme Legal Charge, whether or not such remedies are actually exercised. “ 

3. Conditions Precedent. The transactions contemplated by this Sixth Amendment shall be deemed to be effective as of the
Effective Date, when the following conditions have been complied with to the satisfaction of Lender, unless waived in writing by Lender: 
 (a) Sixth Amendment. This Sixth Amendment shall be fully executed by Borrowers and Lender and shall have been acknowledged and agreed to by the Guarantors that will remain liable for the
Obligations following execution by Lender of this Sixth Amendment. 
 (b) Company Term Note. The
Company Term Note by Company payable to the order of Lender, dated as of even date herewith, in the original principal amount of $30,000,000, shall be executed by Company and delivered to Lender. 

(c) Security Agreement Confirmation Letters. Each of Diodes Incorporated, Diodes Fabtech, Inc. and Diodes
Investment Company shall have delivered to Lender a letter confirming that its respective Security Agreement in favor of Lender continues to secure all of the Obligations of Borrowers, including, without limitation, those modified by this Amendment.

 (d) Term Note Prepayment. Lender shall have received, in immediately available funds, a partial
repayment of the Term Note in an amount equal to $30,000,000. 
 4. Certain Representations. Each Borrower
represents and warrants that, as of the Effective Date: (a) each Loan Party has full power and authority to execute this Amendment, and this Amendment executed by each Loan Party constitutes the legal, valid and binding obligation of such Loan
Party enforceable in accordance with its terms, except as enforceability may be limited by general principles of equity and applicable bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the enforcement of
creditors’ rights generally; (b) each Security Document remains in full force and effect; and (c) no authorization, approval, consent or other action by, notice to, or filing with, any governmental authority or other person is
required for the execution, delivery and performance by each Loan Party thereof except for the approvals, consents, and authorizations, which have been duly obtained, taken, given, or made and are in full force and effect. In addition, each Borrower
represents that all representations and warranties contained in the Original Credit Agreement are true and correct in all 

  
 SIXTH AMENDMENT TO
CREDIT AGREEMENT– Page 4 

 
material respects on and as of the Effective Date except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct
as of such earlier date. 
 5. Limitation on Agreements. The modifications set forth herein are limited precisely
as written and shall not be deemed (a) to be a consent under or a waiver of or an amendment to any other term or condition in the Original Credit Agreement or any of the Loan Documents, or (b) to prejudice any right or rights which Lender
or Borrowers now have or may have in the future under or in connection with the Original Credit Agreement and the Loan Documents, each as amended hereby, or any of the other documents referred to herein or therein. This Amendment shall constitute a
Loan Document for all purposes. 
 6. Counterparts. This Amendment may be executed in any number of counterparts,
each of which when executed and delivered shall be deemed an original, but all of which constitute one instrument. In making proof of this Amendment, it shall not be necessary to produce or account for more than one counterpart thereof signed by
each of the parties hereto. 
 7. Incorporation of Certain Provisions by Reference. The provisions of
Section 9.13 of the Original Credit Agreement captioned “Governing Law; Jurisdiction; Etc.” and the provisions of Section 9.14 of the Original Credit Agreement captioned “Dispute Resolution Provision” are incorporated
herein by reference for all purposes. 
 8. Entirety and Etc. This Amendment and all of the other Loan Documents
embody the entire agreement between the parties. THIS AMENDMENT AND ALL OF THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF
THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 [Remainder of Page Intentionally Blank; Signatures
Begin on Next Page] 

  
 SIXTH AMENDMENT TO
CREDIT AGREEMENT– Page 5 

 IN WITNESS WHEREOF, the parties hereto have executed this Amendment to be effective as of
the Effective Date. 
  

			
	 BANK OF AMERICA, N.A.,
 as Lender

		
	By:	 	 /s/ Charles E. Dale

		 	Charles E. Dale
		 	Senior Vice President

  
 SIXTH AMENDMENT TO
CREDIT AGREEMENT– Signature Page 

 
			
	BORROWERS:
	
	DIODES INCORPORATED
		
	By:	 	 /s/ Richard D. White

		 	Richard Dallas White
		 	Chief Financial Officer, Treasurer and Secretary
	
	DIODES ZETEX LIMITED
		
	By:	 	 /s/ Richard D. White

		 	Richard Dallas White
		 	Director
	
	DIODES INTERNATIONAL B.V.
		
	By:	 	 /s/ Richard D. White

		 	Richard Dallas White
		 	Managing Director A
		
	By:	 	 /s/ Eveline Sonja van Dalen

		 	Eveline Sonja van Dalen
		 	Managing Director B

 The terms of this Amendment are acknowledged and agreed to by Diodes Zetex Semiconductors Limited
and the following Subsidiary Guarantors. 
  

			
	DIODES ZETEX SEMICONDUCTORS LIMITED
		
	By:	 	 /s/ Richard D. White

		 	Richard Dallas White
		 	Director

  
 SIXTH AMENDMENT TO
CREDIT AGREEMENT– Signature Page 

 
			
	SUBSIDIARY GUARANTORS:
	
	DIODES FABTECH, INC.
		
	By:	 	 /s/ Richard D. White

		 	Richard Dallas White
		 	Director
	
	DIODES INVESTMENT COMPANY
		
	By:	 	 /s/ Richard D. White

		 	Richard Dallas White
		 	Director

  
 SIXTH AMENDMENT TO
CREDIT AGREEMENT– Signature PageEX-10.1

 Exhibit 10.1 
 AMERIS BANK 
 SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

 THIS SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT is adopted as of the 7th day of November, 2012 by and between AMERIS BANK, a bank duly
organized under the laws of the State of Georgia (the “Bank”), and EDWIN W. HORTMAN, JR., an individual resident of the State of Georgia (the “Employee”). Certain capitalized terms used in this
Agreement have the meanings assigned to them in Article II hereof. 
 WHEREAS, the Bank wishes to retain the valuable services of its key
executives and management and other highly compensated employees by providing attractive and competitive supplemental retirement income and death and other benefit programs to such employees; 
 WHEREAS, the Bank recognizes that it is in the best interest of both the Bank and such select employees to provide attractive employer-sponsored programs to ensure that such employees have
sufficient retirement income for themselves and survivor income for their families and other dependents; 
 WHEREAS, tax-qualified
retirement plans, with the applicable limitations on benefits, and employer contributions under the Code may be inadequate or inappropriate, and an employer-sponsored supplemental income plan may best provide such select employees appropriate levels
of income continuation in the specific desired circumstances; and 
 WHEREAS, the Bank has determined that offering such a non-qualified
benefit plan to retain the services of such key executives and management, including the Employee, is in the Bank’s best business interest, and the Bank is willing to provide such a plan to the Employee in return for his current and future
services and wishes to provide the terms and conditions for such plan, which terms and conditions are set forth herein; 
 NOW,
THEREFORE, in consideration of the foregoing and the mutual representations, warranties, covenants and agreements set forth herein, the parties hereto, intending to be legally bound hereby, agree as follows: 

ARTICLE I  
 INTRODUCTION 
 1.1 Effective Date. The effective date of this
Agreement is November 7, 2012. 
 1.2 Purpose. The purpose of this Agreement is to provide the Employee with certain
supplemental benefits for retirement income and other income continuation needs for himself and his family and other dependents and to address limitations on total benefits payable under this Agreement, and to do so in such a manner as to retain the
services of the Employee for a significant period in order to claim these supplemental benefits. This Agreement is intended to constitute a non-qualified “top-hat” plan under applicable Code sections; this Agreement constitutes an unfunded
plan of deferred compensation maintained for a select group of management or highly compensated employees of the Bank pursuant to Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA and an unfunded plan of deferred compensation under the Code.

 1.3 Interpretation. Wherever appropriate, pronouns of any gender shall be deemed synonymous,
as shall singular and plural pronouns. Headings of Articles and Sections are for convenience of reference only and are not to be considered in the construction or interpretation of this Agreement. References to Articles and Sections are to the
Articles and Sections of this Agreement unless otherwise specified. This Agreement shall be interpreted and administered so as to give effect to its purpose as expressed in Section 1.2 and to qualify as a non-qualified, unfunded plan of
deferred compensation in compliance with the requirements of Section 409A of the Code and the regulations promulgated thereunder, each as may be amended from time to time. 
 ARTICLE II  
 DEFINITIONS 

Certain words and phrases are defined when first used in later paragraphs of this Agreement. The following terms, when used in this Agreement, shall have
the following respective meanings: 
 2.1 “Accrued Liability” shall mean that portion of the Employee’s aggregate
Normal Retirement Benefit payments as provided for herein that has been accrued on the books of the Bank at any specified time. 
 2.2
“Administrator” shall mean the person or persons described in Article VI who are charged with the day-to-day administration, interpretation and operation of this Agreement. 

2.3 “Agreement” shall mean this Supplemental Executive Retirement Agreement, together with any and all amendments hereto.

 2.4 “Bank” shall mean Ameris Bank and its successors or assigns, unless otherwise provided herein. 

2.5 “Beneficiary” shall mean any person or trust, or combination, as last designated by the Employee during the Employee’s
lifetime upon a “Beneficiary Designation Form,” provided by the Bank and filed with the Administrator, who is specifically named to be a direct or contingent recipient of all or a portion of the Employee’s benefits under this
Agreement in the event of the Employee’s death. Such designation shall be revocable by the Employee at any time during the Employee’s lifetime without the consent of any Beneficiary, whether living or born thereafter. Unless expressly
provided by law, the Beneficiary may not be designated or revoked and changed by the Employee in any other way. No Beneficiary designation or Beneficiary change shall be effective until received in writing and acknowledged according to established
procedures and practices of the Bank. Should the Employee fail to designate the Beneficiary, the Beneficiary shall be the Employee’s estate. 
 2.6 “Board” shall mean the Board of Directors of the Bank as from time to time constituted. 
 2.7 “Claimant” has the meaning set forth in Section 6.7. 

  
 2 

 2.8 “Cause” shall have the meaning given thereto in any employment agreement then in
effect between the Bank or the Holding Company and the Employee, or if no such agreement exists, “Cause” shall mean, as determined by the Board, the following: 

 

	 	A.	the commission of an act by the Employee involving gross negligence, willful misconduct or moral turpitude that is materially damaging to the business, customer
relations, operations or prospects of the Bank or the Holding Company or that brings the Bank or the Holding Company into public disrepute or disgrace; 

  

	 	B.	the commission of an act by the Employee constituting dishonesty or fraud against the Bank or the Holding Company; 

 

	 	C.	the Employee is convicted of, or pleads guilty or nolo contendere to, any crime involving breach of trust or moral turpitude or any felony; or 

 

	 	D.	a consistent pattern of failure by the Employee to follow the reasonable written instructions or policies of the Employee’s supervisor or the Board.

 2.9 “Change in Control” shall mean a change in the ownership or effective control of, or a change in
the ownership of a substantial portion of the assets of, the Bank, as provided in Section 409A of the Code. 
 2.10
“Code” shall mean the Internal Revenue Code of 1986 and the regulations promulgated thereunder, each as may be amended from time to time. 
 2.11 “Disability” shall mean that the Employee is (A) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or (B) receiving income replacement benefits for a period of not less than three (3) months
under an accident and health policy covering employees of the Bank, by reason of a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
twelve (12) months. Medical determination of Disability may be made by either the Social Security Administration or by the provider of an accident or health plan covering employees of the Bank. Upon the request of the Administrator, the
Employee must submit proof to the Administrator of the Social Security Administration’s or the provider’s determination. 
 2.12
“Effective Date” shall mean the date set forth in Section 1.1. 
 2.13 “Employee” shall mean
Edwin W. Hortman, Jr. For purposes of payment of survivor death benefits only, if any, the term “Employee” shall also include a surviving Beneficiary. 
 2.14 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
 2.15 “Forfeiture” shall mean the loss of any portion of the Employee’s benefit resulting from the Employee’s termination from employment prior to the time the Employee
becomes fully vested in the Employee’s benefit. Such term shall also mean any amounts of the Employee’s benefit lost due to the provisions of Section 4.2. All such Forfeiture amounts shall revert to the Bank and shall not be paid to
or on account of the Employee or the Employee’s Beneficiary. 

  
 3 

 2.16 “Good Reason” shall have the meaning given thereto in any employment agreement
then in effect between the Bank or the Holding Company and the Employee, or if no such agreement exists, “Good Reason” shall mean any of the following, provided that in such latter case, the Employee terminates the Employee’s
employment for Good Reason within ninety (90) days following the initial existence of the condition giving rise to Good Reason termination, provides at least thirty (30) days advance written notice to the Bank explaining the basis for Good
Reason and the Bank has not remedied such Good Reason within thirty (30) days following such notice: 
  

	 	A.	a material reduction in the Employee’s rate of regular compensation from the Bank; 

 

	 	B.	a relocation of the Employee’s principal place of employment by more than fifty (50) miles, other than to an office or location closer to the Employee’s
home residence and except for required travel on Bank business to an extent substantially consistent with the Employee’s business travel obligations as of the date of relocation; or 

 

	 	C.	a material reduction in the Employee’s authority, duties, title or responsibilities, other than any change resulting solely from a change in the publicly-traded
status of the Bank or the Holding Company. 

 2.17 “Holding Company” shall mean Ameris Bancorp, a Georgia
corporation, or its successors. 
 2.18 “Leave of Absence” shall mean a temporary period of time, not to exceed six
(6) consecutive calendar months, during which time the Employee shall not be an active employee of the Bank, but shall be treated for purposes of this Agreement as in continuous employment with the Bank, including for purposes of vesting. A
Leave of Absence may be either paid or unpaid, but must be agreed to in writing by both the Bank and the Employee. A Leave of Absence that continues beyond six (6) consecutive months shall be treated as a voluntary Termination of Employment,
subject to Section 3.3, as of the first date immediately following such six-month period for purposes of this Agreement. 
 2.19
“Normal Retirement Benefit” has the meaning set forth in Section 3.1. 
 2.20 “Plan
Distribution” shall mean any distributions made to the Employee pursuant to this Agreement. 
 2.21 “Plan
Year” shall mean the twelve (12) consecutive month period constituting a calendar year, beginning on January 1 and ending on December 31. However, in any partial year that does not begin on January 1, “Plan
Year” shall also mean the period remaining in such partial year ending on December 31. 
 2.22 “Prohibited
Disclosure” shall mean a material breach of any nondisclosure provision in any employment agreement or nondisclosure or similar restrictive covenant agreement then in effect between the Bank or the Holding Company and the Employee, or
if no such agreement 

  
 4 

 
exists, “Prohibited Disclosure” means the actual disclosure of trade secrets, customer information or any other confidential or proprietary information of the Bank or the Holding
Company to another business or businesses, including, without limitation, known competitors or other organizations or entities that compete with the Bank’s or the Holding Company’s business. 

2.23 “Retirement Age” shall mean the Employee’s attainment of age sixty-five (65). 

2.24 “Termination of Employment” shall mean the Employee’s “separation from service” with the Bank within the
meaning of Section 409A of the Code. 
 2.25 “Trust” shall mean one or more grantor trusts (so-called “Rabbi
Trusts”), if any, established pursuant to Sections 671 et. seq. of the Code and maintained by the Bank for its own administrative convenience in connection with the operation and administration of this Agreement and the management of any of its
general assets set aside to help cover its financial obligations under this Agreement. Such Trust, if any, shall be governed by a separate agreement between the Bank and the Trustee. Any such assets held in such a Trust shall remain subject to the
claims of the Bank’s general creditors. The Bank shall not be required to establish such a Trust, and may continue or discontinue such a Trust, if created, only subject to those limitations of termination and amendment as may be contained in
the Trust agreement. 
 2.26 “Trustee” shall mean the party or parties named under any Trust agreement (and such
successor and/or additional trustees) who shall possess such authority and discretion to hold, manage and control specified assets of the Bank in connection with the operation and administration of this Agreement as provided under the agreement
between the Trust and the Bank. 
 2.27 “Years of Plan Service” shall mean the number of full calendar years the
Employee has been employed by the Bank beginning on the Effective Date. 
 ARTICLE III  

EMPLOYEE BENEFITS 

3.1 Normal Retirement Benefit; Change in Control. Except as otherwise provided in Articles III and IV, upon the first to occur of
(i) the Executive’s achieving Retirement Age while employed by the Bank or (ii) a Change in Control while the Executive is employed by the Bank, the Executive shall be paid an annual benefit of $250,000 (the “Normal
Retirement Benefit”) for a period of ten (10) years, commencing the first day of the month following the Executive’s Retirement Age. 
 3.2 Death Benefit for Death Prior to Retirement Age. In the event of the Employee’s death while the Employee is employed by the Bank but prior to the Employee’s becoming entitled
to receive Normal Retirement Benefit payments or other Plan Distributions, the Employee’s Beneficiary shall receive the Normal Retirement Benefit for a period of ten (10) years, commencing within thirty (30) days after receipt by the
Bank of the Employee’s death certificate (but in no event later than ninety (90) days after the date of the Employee’s death). Such benefit shall be in lieu of and replacement for all other benefits provided for under this Agreement
and shall be in full satisfaction of any and all benefits provided for under this Agreement. 

  
 5 

 3.3 Voluntary Termination of Employment Other Than for Good Reason. In the event of the
Employee incurring a voluntary Termination of Employment prior to Retirement Age or a Change in Control for any reason other than Good Reason (or as a result of the Employee’s death or Disability), the Bank shall pay the Employee the vested
portion of the Accrued Liability determined as of the date of such Termination of Employment, as provided in Section 4.1. Such benefit amount shall be paid out ratably over a period of ten (10) years, commencing at Retirement Age. Such
benefit shall be in lieu of and replacement for all other benefits provided for under this Agreement and shall be in full satisfaction of any and all benefits provided for under this Agreement. 

3.4 Involuntary Termination of Employment Other Than for Cause and Voluntary Termination for Good Reason. In the event of the Employee
incurring an involuntary Termination of Employment prior to Retirement Age or a Change in Control for any reason other than Cause (or as a result of the Employee’s death or Disability), or a voluntary Termination of Employment for Good Reason,
the Bank shall pay the Employee the entire Accrued Liability determined as of the date of such Termination of Employment. Such benefit amount shall be paid out ratably over a period of ten (10) years, commencing at Retirement Age. Such benefit
shall be in lieu of and replacement for all other benefits provided for under this Agreement and shall be in full satisfaction of any and all benefits provided for under this Agreement. 
 3.5 Plan Termination. Subject to the provisions of Section 409A of the Code, in the event the Bank terminates the Agreement while the Employee is employed by the Bank but prior to the
Employee’s becoming entitled to receive Normal Retirement Benefit payments or other Plan Distributions, the Bank shall pay the Employee the entire Accrued Liability determined as of the date of the Agreement’s termination. Such benefit
amount shall be paid out ratably over a period of ten (10) years, commencing at Retirement Age. If the Employee or the Employee’s Beneficiary is already receiving Plan Distributions hereunder when the Agreement is terminated, then such
termination shall have no impact on the continuation of such Plan Distributions pursuant to this Agreement. The payment of an Agreement termination benefit pursuant to this Section 3.5 shall be in lieu of and replacement for all other benefits
provided for under this Agreement and shall be in full satisfaction of any and all benefits provided for under this Agreement. 
 3.6
Disability Benefit. In the event of the Employee incurring a Disability while the Employee is employed by the Bank but prior to the Employee’s becoming entitled to receive Normal Retirement Benefit payments, the Bank shall pay
Employee the entire Accrued Liability in effect as of the date of Disability. Such benefit amount shall be paid out ratably over a period of five (5) years, commencing within sixty (60) days after the date the Disability has been
determined. The payment of such benefit shall be in lieu of and in replacement for all other benefits provided for under this Agreement and shall be in full satisfaction of any and all benefits provided for under this Agreement. 

ARTICLE IV  
 VESTING AND FORFEITURE 
 4.1 Vesting. In the event of the Employee
incurring a voluntary Termination of Employment prior to Retirement Age or a Change in Control for any reason other than Good Reason (or as a 

  
 6 

 
result of the Employee’s death or Disability), the Employee’s Accrued Liability benefit shall be subject to the following vesting schedule based on the Employee’s Years of Plan
Service, and such benefit shall be adjusted, where appropriate, according to the level of vesting achieved as of the date of such termination: 
  

					
	 Years of Plan Service
	  	Vested Percentage	 
	 5 or less
	  	 	0	% 
	 Greater than 5
	  	 	100	% 

 4.2 Forfeitures. 
  

	 	A.	Termination for Cause; Removal. If the Employee’s employment is terminated for Cause or the Employee becomes subject to a final removal or
prohibition order issued by an appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act, then the Employee shall forfeit all benefits (or the remainder thereof, if any) under this Agreement. Such
forfeited amounts shall revert to the Bank and shall not be payable to, or for the benefit of, the Employee, any Beneficiary or any other person claiming benefits through such persons. 

 

	 	B.	Violation of Non-Competition and/or Nondisclosure Conditions. If the Employee (1) violates any non-competition, nondisclosure or similar restrictive
covenant agreement, or similar covenants set forth in any employment agreement, then in effect between the Bank or the Holding Company and the Employee and to which the Employee is then subject, or (2) if no such agreement exists, engages in
Prohibited Disclosure, whether before or after a Termination of Employment, then the Employee shall forfeit all unpaid benefits under this Agreement. The Employee’s compliance with the foregoing covenants and avoidance of Prohibited Disclosure
is a pre-condition to the receipt of Plan Distributions prior to Retirement Age and to the continuation of any benefit payments under this Agreement after Plan Distributions have commenced (if payable in installments). Such forfeited amounts shall
revert to the Bank and shall not be payable to, or for the benefit of, the Employee, any Beneficiary or any other person claiming benefits through such persons. 

 ARTICLE V  
 DISTRIBUTIONS 

5.1 Distributions. The Employee’s Plan Distributions shall be distributed only in accordance with the provisions of this Agreement and
Section 409A of the Code. 
 5.2 Method of Payment. All Plan Distributions shall be made in cash, in U.S. currency. The Bank
shall make all benefit payments to the Employee or the Employee’s Beneficiary directly, unless the Bank determines to create a Trust for its own administrative convenience. In such case, the Bank may direct the Trustee to make such payments
directly to the Employee or the Employee’s Beneficiary. The payment of any benefits from any Trust by a Trustee shall not be a representation to the Employee of any actual or implied beneficial interest in any assets in such Trust. The
Employee, the Employee’s Beneficiary and any other person claiming or receiving benefit payments hereunder remains a general unsecured creditor of the Bank as to such benefit payments. 

  
 7 

 5.3 Timing of Payment. With respect to payments of Plan Distributions to which the Employee or
the Employee’s Beneficiary shall be entitled under Article III of this Agreement, the following provisions shall apply: 
  

	 	A.	Normal Retirement Benefit; Change in Control. Commencing the first day of the month following the Employee’s Retirement Age, the Bank shall pay the
Employee the Normal Retirement Benefit in twelve (12) equal monthly installments. Such benefit shall continue to be paid annually for the period set forth in Section 3.1. 

 

	 	B.	Death of the Employee. 

  

	 	1.	Death Prior to Retirement Age. In the event of the Employee’s death while the Employee is employed by the Bank but prior to the Employee’s
becoming entitled to receive Normal Retirement Benefit payments or other Plan Distributions, the Bank shall pay the Employee’s Beneficiary the Normal Retirement Benefit in twelve (12) equal monthly installments, commencing within thirty
(30) days after receipt by the Bank of the Employee’s death certificate (but in no event later than ninety (90) days after the date of the Employee’s death). Such benefit shall continue to be paid annually for the period set
forth in Section 3.2. 

  

	 	2.	Death Following Commencement of Plan Distributions. In the event of the Employee’s death after the commencement of Plan Distributions but before
receiving all such Plan Distributions, the Bank shall distribute to the Employee’s Beneficiary the remaining Plan Distributions at the same time and in the same amounts that such Plan Distributions would have been distributed to the Employee
had the Employee survived. 

  

	 	3.	Death Before Plan Distributions Commence. If the Employee is entitled to Plan Distributions under this Agreement but dies prior to the commencement of
such Plan Distributions, then the Bank shall distribute to the Employee’s Beneficiary the same Plan Distributions at the same time and in the same amounts that such Plan Distributions would have been distributed to the Employee had the Employee
survived. 

  

	 	C.	Voluntary Termination of Employment Other Than for Good Reason. In the event the Employee incurs a voluntary Termination of Employment prior to
Retirement Age or a Change in Control for any reason other than Good Reason (or as a result of the Employee’s death or Disability), the Bank shall pay the Employee each annual portion of the aggregate benefit amount set forth in
Section 3.3 in twelve (12) equal monthly installments, commencing upon the first day of the month following the Employee’s Retirement Age. Such benefit shall continue to be paid for the period set forth in Section 3.3.

  
 8 

	 	D.	Involuntary Termination of Employment Other Than for Cause and Voluntary Termination for Good Reason. In the event the Employee incurs an involuntary
Termination of Employment prior to Retirement Age or a Change in Control for any reason other than Cause (or as a result of the Employee’s death or Disability), or a voluntary Termination of Employment for Good Reason, the Bank shall pay the
Employee each annual portion of the aggregate benefit amount set forth in Section 3.4 in twelve (12) equal monthly installments, commencing upon the first day of the month following the Employee’s Retirement Age. Such benefit shall
continue to be paid for the period set forth in Section 3.4. 

  

	 	E.	Plan Termination. Subject to the provisions of Section 409A of the Code, in the event the Bank terminates the Agreement while the Employee is
employed by the Bank but prior to the Employee’s becoming entitled to receive Normal Retirement Benefit payments or other Plan Distributions, the Bank shall pay the Employee each annual portion of the aggregate benefit amount set forth in
Section 3.5 in twelve (12) equal monthly installments, commencing upon the first day of the month following the Employee’s Retirement Age. Such benefit shall continue to be paid for the period set forth in Section 3.5. If the
Employee or the Employee’s Beneficiary is already receiving Plan Distributions when the Agreement is terminated, then such termination shall have no impact on the continuation of such benefits pursuant to this Agreement nor shall it result in
any incremental benefits being paid to the Employee over and above the then existing Plan Distributions. 

  

	 	F.	Disability. In the event of the Employee incurring a Disability while the Employee is employed by the Bank but prior to the Employee’s becoming
entitled to receive Normal Retirement Benefit payments, the Bank shall pay the Employee each annual portion of the aggregate benefit amount set forth in Section 3.6 in twelve (12) equal monthly installments, commencing within sixty
(60) days after the date of Disability. Such benefit shall continue to be paid for the period set forth in Section 3.6. 

5.4 Acceleration or Deferral. Acceleration or deferral of the time or schedule of any payment under the Agreement is not permitted except
as may be provided by Section 409A of the Code and approved by the Bank and the Employee. 
 ARTICLE VI 

 ADMINISTRATION AND CLAIMS PROCEDURE 
 6.1 Duties of the Administrator. This Agreement shall be administered by an Administrator that shall consist of the Board or such committee or person(s) as the Board shall appoint. The
Administrator shall administer this Agreement according to its express terms and shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of this
Agreement and (ii) decide or resolve any and all questions, including interpretations, of this Agreement as may arise in connection with the Agreement to the extent the exercise of such discretion and authority does not conflict with
Section 409A of the Code and regulations thereunder. The Administrator shall be the “Plan Administrator” and “Named Fiduciary,” but only to the extent required by ERISA for “top-hat” plans. 

  
 9 

 6.2 Agents. In the administration of this Agreement, the Administrator may employ agents and
delegate to them such administrative duties as it sees fit (including acting through a duly appointed representative) and may from time to time consult with counsel who may be counsel to the Bank. 

6.3 Binding Effect of Decisions. The decision or action of the Administrator with respect to any question arising out of or in connection
with the administration, interpretation and application of this Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this Agreement. 

6.4 Indemnity of the Administrator. The Bank shall indemnify and hold harmless the members of the Administrator against any and all claims,
losses, damages, expenses or liabilities arising from any action or failure to act with respect to this Agreement, except in the case of willful misconduct by the Administrator or any of its members. 

6.5 Bank Information. To enable the Administrator to perform its functions, the Bank shall supply full and timely information to the
Administrator on all matters relating to the date and circumstances of the retirement, Disability, death or Termination of Employment of the Employee, and such other pertinent information as the Administrator may reasonably require. 

6.6 Costs of the Plan. All the costs and expenses for administering and operating this Agreement shall be borne by the Bank. The Bank shall
also bear the expense of any federal or state employment taxes in connection with this Agreement. 
 6.7 Claims Procedure.

  

	 	A.	Claim. Benefits shall be paid in accordance with the terms of this Agreement. The Employee, any Beneficiary or any person who believes that he or she is
being denied a benefit to which he or she is entitled under this Agreement (a “Claimant”) may file a written request for such benefit with the Bank, setting forth his or her claim. 

 

	 	B.	Claim Decision. Upon the receipt of a claim, the Administrator shall advise the Claimant that a reply will be forthcoming within ninety (90) days and
shall, in fact, deliver such reply within such period. However, the Administrator may extend the reply period for an additional ninety (90) days for reasonable cause. Any claim not granted or denied within such time period shall be deemed to
have been denied. If the claim is denied in whole or in part, then the Administrator shall provide written notice to the Claimant, setting forth: 

  

	 	1.	The reason or reasons for such denial; 

  

	 	2.	The reference to pertinent provisions of this Agreement on which such denial is based; 

  
 10 

	 	3.	A description of any additional material or information necessary for the Claimant to perfect his or her claim and an explanation of why such material or such
information is necessary; 

  

	 	4.	Steps to be taken if the Claimant wishes to submit the claim for review; and 

 

	 	5.	The time limits for requesting a review under subsequent provisions of this Section 6.7. 

 

	 	C.	Request for Review. Within sixty (60) days after the receipt by the Claimant of the Administrator’s written notice described above, the Claimant
may request in writing that the Administrator review its prior determination. The Claimant or his duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the
Administrator. If the Claimant does not request a review of the Administrator’s determination within such sixty (60) day period, then such Claimant shall be barred and estopped from challenging the Administrator’s determination.

  

	 	D.	Review of Decision. Within sixty (60) days after the Administrator’s receipt of a request for review, the Administrator shall review its prior
determination. After considering all materials presented by the Claimant, the Administrator will render a written decision setting forth the reasons for the decision and containing references to the pertinent provisions of this Agreement on which
the decision is based. If special circumstances require that the sixty (60) day time period be extended, then the Administrator will so notify the Claimant and shall render the decision as soon as possible, but no later than one hundred twenty
(120) days after receipt of the request for review. Any claim not granted or denied within such time period will be deemed to have been denied. 

 ARTICLE VII  
 AMENDMENT AND MERGER 

7.1 Amendment. This Agreement may be amended only by a written agreement signed by the Bank and the Employee. Notwithstanding the
foregoing, the Bank may unilaterally amend this Agreement to comply with tax law, including, without limitation, Section 409A of the Code and any and all regulations and guidance promulgated thereunder. The foregoing authorization also includes
such amendment as may be necessary to ensure that the Agreement is treated as a non-qualified plan under the Code and ERISA, or other laws applicable to a non-qualified plan, including, without limitation, the right to amend this Agreement so that
any Trust, if applicable, created in conjunction with the Agreement will be treated as a grantor trust under Sections 671 through 679 of the Code, and to otherwise conform the Agreement’s provisions and such Trust, if applicable, to the
requirements of any applicable law. 
 7.2 Consolidation/Merger/Reorganization. The Bank shall not enter into any consolidation,
merger or reorganization transaction without the Bank obtaining from the successor-in-interest organization an agreement to an assignment and assumption of the 

  
 11 

 
obligations of the Bank under this Agreement by its successor-in-interest or surviving company or companies. Should such consolidation, merger or reorganization occur with such an assignment and
assumption of the obligations hereunder, the term “Bank” as defined and used in this Agreement shall refer to the successor-in-interest or surviving company or companies, as the case may be. 

ARTICLE VIII  
 GENERAL PROVISIONS 
 8.1 Applicable Law. Except insofar as the law has
been superseded by applicable federal law, Georgia law shall govern the construction, validity and administration of this Agreement. This Agreement is intended be a non-qualified unfunded plan of deferred compensation and any ambiguities in its
construction shall be resolved in favor of an interpretation which will affect this intention. 
 8.2 Benefits Not Transferable or
Assignable. 
  

	 	A.	Benefits under this Agreement shall not be subject to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, nor shall any such benefits
be in any way liable for or subject to the debts, contracts, liabilities, engagements or torts of any person entitled to them. Any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge such benefits shall be void. This
Section 8.2.A. shall also apply to the creation, assignment or recognition of a right to any benefit payable with respect to the Employee pursuant to a domestic relations order, including a qualified domestic relations order under
Section 414(p) of the Code. 

  

	 	B.	The Bank may bring an action for a declaratory judgment if the Employee’s Beneficiary or any Beneficiary’s benefits hereunder are threatened to be attached by
an order from any court. The Bank may seek such declaratory judgment in a court of competent jurisdiction to: 

  

	 	1.	Determine the proper recipient or recipients of the benefits to be paid under the Agreement; 

 

	 	2.	Protect the operation and consequences of the Agreement for the Bank and the Employee; and 

 

	 	3.	Request any other equitable relief the Bank in its sole judgment may feel appropriate. 

Benefits which may become payable during the pendency of such an action shall, at the sole discretion of the Bank, either be Paid into the
court as they become payable or held in a separate account subject to the court’s final distribution order. Any such delay shall comply in all respects with Section 409A of the Code. 

  
 12 

 8.3 Not an Employment Contract. This Agreement is not and shall not be deemed to constitute a
contract between the Bank and the Employee for, or to be a consideration for, an inducement to, or a condition of, the employment of the Employee. Nothing contained in this Agreement shall give or be deemed to give the Employee the right to remain
in the employment of the Bank or to interfere with the right of the Bank to discharge the Employee at any time. It is expressly understood by the parties that this Agreement relates to the payment of deferred compensation for the Employee’s
services and is not intended to be an employment contract. 
 8.4 Notices. 

 

	 	A.	Any notices required or permitted hereunder shall be in writing and shall be deemed to be sufficiently given at the time when delivered personally or when mailed by
certified or registered first class mail, postage prepaid, addressed to either party hereto as follows: 

 If to
the Bank: 
 Ameris Bank 
 310 First Street SE 
 Moultrie, GA 31768 

or such other address as communicated by the Bank to the Employee in future notices hereunder. 

If to the Employee, at his last known address, as indicated by the records of the Bank, or to such changed address as the Employee may
have fixed by notice hereunder. 
  

	 	B.	Any communication, benefit payment, statement of notice addressed to the Employee or any Beneficiary at the last post office address as shown on the Bank’s records
shall be binding on the Employee or such Beneficiary for all purposes of this Agreement. The Bank, and a Trustee, if applicable, shall not be obligated to search for any Employee or any Beneficiary beyond sending a registered letter to such last
known address. 

 8.5 Severability. This Agreement as contained in this document constitutes the entire agreement
with the Employee as to the subject matter set forth herein. If any provision of this Agreement shall for any reason be invalid or unenforceable, the remaining provisions of this Agreement shall be carried into effect, unless the effect thereof
would be to materially alter or defeat the purposes of this Agreement. 
 8.6 Employee is General Creditor with No Rights to
Assets. 
  

	 	A.	 The payments to the Employee or the Employee’s Beneficiary hereunder shall be made from assets that shall continue, for all purposes, to be a part
of the general, unrestricted assets of the Bank, and no person shall have any interest in any such assets by virtue of the provisions of this Agreement. The Bank’s obligation hereunder shall be an unfunded and unsecured promise to pay money in
the future. To the extent that any person acquires a right to receive a benefit from the Bank 

  
 13 

 
under the provisions hereof, such right shall be no greater than the right of any unsecured general creditor of the Bank, and no such person shall have nor acquire any legal or equitable right,
or claim in or to any property or assets of the Bank. The Bank shall not be obligated under any circumstances to fund obligations under this Agreement. 
  

	 	B.	The Bank, in its sole discretion, may acquire and/or set aside assets or funds to support its financial obligations under this Agreement. No such acquisition or
set-aside shall impair or derogate from the Bank’s direct obligation to the Employee or any Beneficiary under this Agreement. However, no Employee or Beneficiary shall be entitled to receive duplicate payments of any benefits provided hereunder
because of the existence of such assets or funds. 

  

	 	C.	In the event that, in its discretion, the Bank purchases an asset(s) or insurance policy or policies insuring the life of the Employee to allow the Bank to recover the
cost of providing benefits, in whole or in part hereunder, neither the Employee nor any Beneficiary shall have any rights whatsoever in such assets or insurance policies or in the proceeds therefrom. The Bank shall be the sole owner and beneficiary
of any such assets or insurance policies and shall possess and may exercise all incidents of ownership therein. No such asset or policy, policies or other property shall be held in any trust either for the Employee or any other person nor as
collateral security for any obligation of the Bank hereunder. The Employee’s participation in the acquisition of such assets or policy or policies shall not be a representation to the Employee or any Beneficiary of any beneficial interest or
ownership in such assets, policy or policies. 

 8.7 No Trust Relationship Created. Nothing contained in this
Agreement shall be deemed to create a trust of any kind or create any fiduciary relationship between the Bank and the Employee, any Beneficiary, any other Beneficiaries of the Employee, or any other person claiming benefits through any such persons.
Funds allocated hereunder shall continue for all purposes to be part of the general assets and funds of the Bank, and no person other than the Bank shall have, by virtue of the provisions of this Agreement, any beneficial interest in such assets and
funds. The creation of a grantor trust under the Code to hold such assets or funds for the administrative convenience of the Bank shall in no way represent to the Employee or Beneficiary a property or beneficial ownership interest in such assets.

 8.8 Agreement between the Bank and Employee Only. This Agreement is solely between the Bank and the Employee. The Employee, the
Employee’s Beneficiary or estate or any other person claiming through the Employee, shall only have recourse against the Bank for enforcement of the terms of this Agreement. This Agreement shall be binding upon and inure to the benefit of each
the Bank and its successors and assigns and the Employee and his or her heirs, executors, administrators and Beneficiaries. 
 8.9
Independence of Benefits. The benefits payable under this Agreement are for services already rendered or to be rendered and shall be independent of, and in addition to, any other benefits or compensation, whether by salary, bonus or
otherwise, payable to the Employee under any compensation and/or benefit arrangements or plans, incentive cash compensations and stock plans and other retirement or welfare benefit plans, that now exist or may hereafter exist from time to time.

  
 14 

 8.10 Unclaimed Property. Except as may be required by law, the Bank may take of any the
following actions if it gives notice to the Employee or any Beneficiary of an entitlement to a benefit under this Agreement, and the Employee or Beneficiary fails to claim such benefit or fails to provide its location to the Bank within three
(3) calendar years of such notice: 
  

	 	A.	Direct distribution of such benefits, in such proportions as the Bank may determine, to one or more or all, of the Employee’s next of kin, if the Bank knows their
location; or 

  

	 	B.	Deem this benefit to be forfeited and paid to the Bank if the location of the Employee’s next of kin is not known. However, the Bank shall pay the benefit,
unadjusted for gains or losses from the date of such forfeiture, to the Employee or Beneficiary who subsequently makes proper claim to the benefit. 

 The Bank and any Trustee, if applicable, shall not be liable to any person for payment made in accordance pursuant to applicable state unclaimed property laws. 

8.11 Named Beneficiary. As long as this Agreement is in force, the Employee shall be entitled to specify or revoke and change the
Beneficiary or Beneficiaries of a survivor benefit, if any, to be paid at the time of the Employee’s death according to procedures set out by the Bank. 
 8.12 Required Tax Withholding and Reporting. The Bank shall withhold and report federal, state and local income and other tax amounts in connection with this Agreement as may be required by
law from time to time. 
 8.13 Discrepancies between this Agreement and Any Other Understanding. In the event of any discrepancies
or ambiguities between the terms of this Agreement and any other understanding between the Bank and the Employee, the terms of this Agreement shall control. 
 8.14 Compliance with Section 409A of the Code.  
  

	 	A.	This Agreement shall be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid or provided in a manner that is either
exempt from or compliant with the requirements Section 409A of the Code. Nevertheless, the tax treatment of the benefits provided under this Agreement is not warranted or guaranteed, and neither the Bank nor its directors, officers, employees
or advisers shall be held liable for any taxes, interest, penalties or other amounts owed by the Employee as a result of the application of Section 409A of the Code. 

 

	 	B.	For purposes of Section 409A of the Code, (i) all payments to be made upon a termination of employment under this Agreement may only be made upon a
“separation from service” within the meaning of such term under Section 409A of the Code, (ii) each payment made under this Agreement shall be treated as a separate payment and (iii) the right to a series of installment
payments under this Agreement is to be treated as a right to a series of separate payments. In no event shall the Employee, directly or indirectly, designate the calendar year of payment. 

  
 15 

	 	C.	Notwithstanding any provision in this Agreement to the contrary, if, at the time of the Employee’s separation from service with the Bank, the Employee is a
“specified employee” (as defined in Section 409A of the Code) and it is necessary to postpone the commencement of any severance payments otherwise payable pursuant to this Agreement as a result of such separation from service to
prevent any accelerated or additional taxes, interest, penalties or other amounts under Section 409A of the Code, then the Bank will postpone the commencement of the payment of any such payments or benefits hereunder (without any reduction in
such payments or benefits ultimately paid or provided to the Employee) that are not otherwise exempt from Section 409A of the Code until the Bank’s first payroll date that is six (6) months following the Employee’s separation
from service with the Bank. If any payments are postponed pursuant to this Section 8.14, then such postponed amounts will be paid in a lump sum to the Employee on the Bank’s first payroll date that occurs after the date that is six
(6) months following the Employee’s separation from service. If the Employee dies during the postponement period prior to the payment of any postponed amount, then such amount shall be paid as provided herein within sixty (60) days
after the date of the Employee’s death. 

 [Signature page follows.] 

  
 16 

 IN WITNESS WHEREOF, the Bank and the Employee have executed, or caused to be
executed, this Agreement as of the date first set forth above. 
  

			
	BANK:
	
	AMERIS BANK
		
	By:	 	/s/ Cindi Lewis
	Name:	 	Cindi Lewis
	Title:	 	EVP & Chief Administrative Officer
		 	and Corporate Secretary
	
	EMPLOYEE:
	
	 /s/ EDWIN W. HORTMAN, JR.

	 EDWIN W. HORTMAN, JR.

  
 17

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