Document:

SOUTHEAST
  FINANCIAL
HOLDINGS, INC.
--------------- | | |
2915 TOWNE VILLAGE DRIVE
       DULUTH, GA  30097
            770-418-1977
      FAX:  770-418-1226

                                    AGREEMENT

The following are the terms and conditions for Southeast Financial Holdings,
Inc., hereafter referred to as SFH, Inc., providing consulting services to the
management and directors of Neighbor's Bancshares, Inc.

I.   SERVICES AND DUTIES

     (A)  TIMETABLES
          SFH, Inc. will advise the management and Board of Directors of
          Neighbor's Bancshares, Inc. on the establishment of a comprehensive
          plan for the development and execution of the company's stock
          offering. SFH, Inc. will assist the bank's management in establishing
          a computer database that will enable the bank's management and
          directors to gauge the progress of the capital raising campaign on a
          daily basis.

     (B)  COORDINATION OF MEDIA CAMPAIGNS

          PUBLIC RELATIONS (FREE ADVERTISING)
          SFH, Inc. will prepare written news releases regarding the bank, as
          well as the officers and directors. These releases, which are subject
          to approval, are intended to enhance the interest in the bank.

          MEDIA ANNOUNCEMENTS (PAID ADVERTISING)
          SFH, Inc. will prepare all layout and design work for the bank's
          "tombstone" Announcements with coupons, and will advise on placement
          and related marketing factors, such as location in newspaper, style of
          announcement, and announcement identification techniques.

     (C)  MARKETING OVERVIEW
          SFH, Inc. will advise management (Monday through Friday, weekends if
          necessary) how best to coordinate all aspects of the company's
          marketing campaign, including advice as to proven marketing techniques
          which have been successful in other Denovo bank stock offerings. SFH,
          Inc. will make sure the bank's management and directors are committed
          to the marketing campaign, as this is an essential point to a timely
          completion of the stock sale. Recommendations will be made on how to
          allocate each director's fund raising responsibilities. Advice will be
          offered to all officers and directors as to proven marketing
          techniques that will enable them to maximize their efforts. Included
          will be suggested form letters and notices. Investor meetings,
          including open houses, breakfast meetings, luncheon meetings, and
          cocktail receptions are the best settings for introducing the bank to
          potential investors.

<PAGE>
     (D)  IRA KEOGH, PENSION AND PROFIT SHARING SUITABILITY
          SFH, Inc. will work with the officers and management of the bank in
          processing all retirement account purchases shares through the various
          types of retirement accounts that potential investors may have already
          established. If potential investors wish to use retirement funds to
          invest in the bank's stock, but do not have a retirement account
          established or have a custodian that will not process this type of
          transaction, then SFH, Inc. will seek out those retirement custodians
          who will allow such a transaction. SFH, Inc. will oversee all
          retirement account transactions to ensure they are properly initiated
          and completed.

     (E)  PRIVACY POLICY
          SFH, Inc. will not remove from Neighbor's Bancshares, Inc. any list
          that has been compiled by Neighbor's Bancshares, Inc. All computer
          discs or hardcopy lists of prospects and shareholders are the sole
          property of Neighbor's Bancshares, Inc. and will not be removed from
          the premises by SFH, Inc. or any of the staff of SFH, Inc.

II.  FEE ARRANGEMENT

     (A)  SFH, Inc. will be paid the sum of $7500 upon the acceptance of this
          agreement, thereafter SFH, Inc. will receive the sum of $15,000 per
          month (paid upon the 10th of each month) unless terminated by
          Neighbor's Bancshares, Inc. or SFH, Inc. with a 30 day written notice
          by either party. The monthly fee will be prorated for any partial
          month.

     (B)  Should Neighbor's Bancshares, Inc. receive commitments for the minimum
          capitalization within 60 days after the start date of August 10, 2002,
          SFH, Inc. will receive a $75,000 bonus, payable after Neighbor's
          Bancshares, Inc. breaks escrow. Should Neighbor's Bancshares, Inc.
          receive commitments for the minimum capitalization within 90 days
          after the start date of August 10, 2002, SFH, Inc. will receive a
          $50,000 bonus, payable after Neighbor's Bancshares, Inc. breaks
          escrow.

III. TERM OF AGREEMENT

          This Agreement shall begin 8/10/02, and shall end 11/10/02. This
          contract may be extended at the Bank's discretion.

The undersigned agree to the terms and conditions as outlined in this Agreement.

                                    /s/  Lee Bradley
                                    --------------------------------------
                                    Lee Bradley, President
                                    Southeast Financial Holdings, Inc.

                                    /s/  Phil Baldwin
                                    --------------------------------------
                                    Phil Baldwin, President, CEO
                                    Neighbor's Bancshares, Inc.

<PAGE>ESCROW AGREEMENT

     THIS ESCROW AGREEMENT (this "Agreement") is entered into and effective as
of the day of, 2002, by and between ____________, a Georgia corporation (the
"Company"), and The Bankers Bank (the "Escrow Agent").

                              W I T N E S S E T H:
                              --------------------

     WHEREAS, the Company proposes to offer and sell (the "Offering") up to
__________ shares of Common Stock, par value per share (the "Shares"), to
investors at $__________ per Share pursuant to a registered public offering; and

     WHEREAS, the Company desires to establish an escrow for funds forwarded by
subscribers for Shares, and the Escrow Agent is willing to serve as Escrow Agent
upon the terms and conditions herein set forth.

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

     1.     DEPOSIT WITH ESCROW AGENT.
            -------------------------
1
          (a)     The Escrow Agent agrees that it will from time to time accept,
in its capacity as escrow agent, subscription funds for the Shares (the
"Escrowed Funds") in the form of checks received by the Company from
subscribers.  All checks shall be made payable to the Escrow Agent.  If any
check does not clear normal banking channels in due course, the Escrow Agent
will promptly notify the Company.  Any check which does not clear normal banking
channels and is returned by the drawer's bank to Escrow Agent will be promptly
turned over to the Company along with all other subscription documents relating
to such check.  Any check received that is made payable to a party other than
the Escrow Agent shall be returned to the Company for return to the proper
party.  The Company in its sole and absolute discretion may reject any
subscription for shares for any reason and upon such rejection it shall notify
and instruct the Escrow Agent in writing to return the Escrowed Funds, with
interest thereon if any, by check made payable to the subscriber.

          (b)     Subscription agreements for the Shares shall be reviewed for
accuracy by the Company and, immediately thereafter, the Company shall deliver
to the Escrow Agent the following information: (i) the name and address of the
subscriber; (ii) the number of Shares subscribed for by such subscriber; (iii)
the subscription price paid by such subscriber; (iv) the subscriber's tax
identification number certified by such subscriber; and (v) a copy of the
subscription agreement.

                                        1
<PAGE>
     2.     INVESTMENT OF ESCROWED FUNDS.  Upon collection of each check by the
            ----------------------------
Escrow Agent, the Escrow Agent shall invest the funds in deposit accounts or
certificates of deposit which are fully insured by the Federal Deposit Insurance
Corporation or another agency of the United States government, short-term
securities issued or fully guaranteed by the United States government, federal
funds, or such other investments as the Escrow Agent and the Company shall
agree.  The Company shall provide the Escrow Agent with instructions from time
to time concerning in which of the specific investment instruments described
above the Escrowed Funds shall be invested, and the Escrow Agent shall adhere to
such instructions.  Unless and until otherwise instructed by the Company, the
Escrow Agent shall by means of a "Sweep" or other automatic investment program
invest the Escrowed Funds in blocks of $1,000 in federal funds.  Interest and
other earnings shall start accruing on such funds as soon as such funds would be
deemed to be available for access under applicable banking laws and pursuant to
the Escrow Agent's own banking policies.

     3.     DISTRIBUTION OF ESCROWED FUNDS.  The Escrow Agent shall distribute
            ------------------------------
the Escrowed Funds in the amounts, at the times, and upon the conditions
hereinafter set forth in this Agreement.

          (a)     If at any time on or prior to the expiration date of the
offering as described in the prospectus relating to the offering, (the "Closing
Date"), (i) the Escrow Agent has certified to the Company in writing that the
Escrow Agent has received at least $ in Escrowed Funds, and (ii) the Escrow
Agent has received a certificate from the President or the Chair of the Board of
the Company that all other conditions to the release of funds as described in
the Company's Registration Statement filed with the Securities and Exchange
Commission pertaining to the public offering have been met, then the Escrow
Agent shall deliver the Escrowed Funds to the Company to the extent such
Escrowed Funds are collected funds.  If any portion of the Escrowed Funds are
not collected funds, then the Escrow Agent shall notify the Company of such fact
and shall distribute such funds to the Company only after such funds become
collected funds.  For purposes of this Agreement, "collected funds" shall mean
all funds received by the Escrow Agent, which have cleared normal banking
channels.

          (b)     If the Escrowed Funds do not, on or prior to the Closing Date,
become deliverable to the Company based on failure to meet the conditions
described in Paragraph 3(a), or if the Company terminates the offering at any
time prior to the Closing Date and delivers written notice to the Escrow Agent
of such termination (the "Termination Notice"), the Escrow Agent shall return
the Escrowed Funds which are collected funds as directed in writing by the
Company to the respective subscribers in amounts equal to the subscription
amount theretofore paid by each of them.  All uncleared checks representing
Escrowed Funds which are not collected funds as of the Closing Date shall be
collected by the Escrow Agent, and together with all related subscription
documents thereof shall be delivered to the Company by the Escrow Agent, unless
the Escrow Agent is otherwise specifically directed in writing by the Company.

     4.     DISTRIBUTION OF INTEREST.  Any interest earned on the Escrowed Funds
            ------------------------
shall be retained by the Company.

                                        2
<PAGE>
     5.     FEE OF ESCROW AGENT.   The escrow account will accrue a service
            -------------------
charge of $15.00 per month.  In addition, a $20.00 per check fee will be charged
if the escrow account must be refunded due to a failure to complete the
subscription.  All of these fees are payable upon the release of the Escrowed
Funds, and the Escrow Agent is hereby authorized to deduct such fees from the
Escrowed Funds prior to any release thereof pursuant to Section 3 hereof.

     6.     LIABILITY OF ESCROW AGENT.
            -------------------------

          (a)     In performing any of its duties under the Agreement, or upon
the claimed failure to perform its duties hereunder, the Escrow Agent shall not
be liable to anyone for any damages, losses or expenses which it may incur as a
result of the Escrow Agent so acting, or failing to act; provided, however, the
Escrow Agent shall be liable for damages arising out of its willful default or
misconduct or its gross negligence under this Agreement.  Accordingly, the
Escrow Agent shall not incur any such liability with respect to (i) any action
taken or omitted to be taken in good faith upon advice of its counsel or counsel
for the Company which is given with respect to any questions relating to the
duties and responsibilities of the Escrow Agent hereunder; or (ii) any action
taken or omitted to be taken in reliance upon any document, including any
written notice or instructions provided for this Agreement, not only as to its
due execution and to the validity and effectiveness of its provisions but also
as to the truth and accuracy of any information contained therein, if the Escrow
Agent shall in good faith believe such document to be genuine, to have been
signed or presented by a proper person or persons, and to conform with the
provisions of this Agreement.

          (b)     The Company agrees to indemnify and hold harmless the Escrow
Agent against any and all losses, claims, damages, liabilities and expenses,
including, without limitation, reasonable costs of investigation and counsel
fees and disbursements which may be imposed by the Escrow Agent or incurred by
it in connection with its acceptance of this appointment as Escrow Agent
hereunder or the performance of its duties hereunder, including, without
limitation, any litigation arising from this Agreement or involving the subject
matter thereof; except, that if the Escrow Agent shall be found guilty of
willful misconduct or gross negligence under this Agreement, then, in that
event, the Escrow Agent shall bear all such losses, claims, damages and
expenses.

          (c)     If a dispute ensues between any of the parties hereto which,
in the opinion of the Escrow Agent, is sufficient to justify its doing so, the
Escrow Agent shall retain legal counsel of its choice as it reasonably may deem
necessary to advise it concerning its obligations hereunder and to represent it
in any litigation to which it may be a part by reason of this Agreement.  The
Escrow Agent shall be entitled to tender into the registry or custody of any
court of competent jurisdiction all money or property in its hands under the
terms of this Agreement, and to file such legal proceedings as it deems
appropriate, and shall thereupon be discharged from all further duties under
this Agreement.  Any such legal action may be brought in any such court as the
Escrow Agent shall determine to have jurisdiction thereof.  In connection with
such dispute, the Company shall indemnify the Escrow Agent against its court
costs and reasonable attorney's fees incurred.

                                        3
<PAGE>
          (d)     The Escrow Agent may resign at any time upon giving thirty
(30) days written notice to the Company.  If a successor escrow agent is not
appointed by Company within thirty (30) days after notice of resignation, the
Escrow Agent may petition any court of competent jurisdiction to name a
successor escrow agent and the Escrow Agent herein shall be fully relieved of
all liability under this Agreement to any and all parties upon the transfer of
the Escrowed Funds and all related documentation thereto, including appropriate
information to assist the successor escrow agent with the reporting of earnings
of the Escrowed Funds to the appropriate state and federal agencies in
accordance with the applicable state and federal income tax laws, to the
successor escrow agent designated by the Company appointed by the court.

     7.     APPOINTMENT OF SUCCESSOR.  The Company may, upon the delivery of
            ------------------------
thirty (30) days written notice appointing a successor escrow agent to the
Escrow Agent, terminate the services of the Escrow Agent hereunder.  In the
event of such termination, the Escrow Agent shall immediately deliver to the
successor escrow agent selected by the Company, all documentation and Escrowed
Funds including interest earnings thereon in its possession, less any fees and
expenses due to the Escrow Agent or required to be paid by the Escrow Agent to a
third party pursuant to this Agreement.

     8.     NOTICE.  All notices, requests, demands and other communications or
            ------
deliveries required or permitted to be given hereunder shall be in writing and
shall be deemed to have been duly given three days after having been deposited
for mailing if sent by registered mail, or certified mail return receipt
requested, or delivery by courier, to the respective addresses set forth below:

     THE SUBSCRIBERS FOR SHARES:   To their respective addresses as
                                   specified in their Subscription Agreements.

     THE COMPANY:                  Neighbors Bank
                                   111285 Elkins Road, Building E
                                   Roswell, GA  30076-5835
                                   Attention:  Phil Baldwin
                                   President and CEO

     WITH A COPY TO:               Barbara H. Lebow, Esq.
                                   11285 Elkins Road, Building E
                                   Roswell, Georgia 30076-5836

     THE ESCROW AGENT:             The Bankers Bank
                                   2410 Paces Ferry Road
                                   600 Paces Summit
                                   Atlanta, GA 30339-4098
                                   Attention:  Jo W. Avery
                                   Vice President

                                        4
<PAGE>
     9.     REPRESENTATIONS OF THE COMPANY.  The Company hereby acknowledges
            ------------------------------
that the status of the Escrow Agent with respect to the offering of the Shares
is that of agent only for the limited purposes herein set forth, and hereby
agrees it will not represent or imply that the Escrow Agent, by serving as the
Escrow Agent hereunder or otherwise, has investigated the desirability or
advisability in an investment in the Shares, or has approved, endorsed or passed
upon the merits of the Shares, nor shall the Company use the name of the Escrow
Agent in any manner whatsoever in connection with the offer or sale of the
Shares, other than by acknowledgment that it has agreed to serve as Escrow Agent
for the limited purposes herein set forth.

     10.     GENERAL.
             -------

          (a)     This Agreement shall be governed by and construed and enforced
in accordance with the laws of the State of Georgia.

          (b)     The section headings contained herein are for reference
purposes only and shall not in any way affect the meaning or interpretation of
this Agreement.

          (c)     This Agreement sets forth the entire agreement and
understanding of the parties with regard to this escrow transaction and
supersedes all prior agreements, arrangements and understandings relating to the
subject matter hereof.

          (d)     This Agreement may be amended, modified, superseded or
canceled, and any of the terms or conditions hereof may be waived, only by a
written instrument executed by each party hereto or, in the case of a waiver, by
the party waiving compliance.  The failure of any part at any time or times to
require performance of any provision hereof shall in no manner affect the right
at a later time to enforce the same.  No waiver in any one or more instances by
any part of any condition, or of the breach of any term contained in this
Agreement, whether by conduct or otherwise, shall be deemed to be, or construed
as, a further or continuing waiver of any such condition or breach, or a waiver
of any other condition or of the breach of any other terms of this Agreement.

          (e)     This Agreement may be executed simultaneously in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

          (f)     This Agreement shall inure to the benefit of the parties
hereto and their respective administrators, successors and assigns.  The Escrow
Agent shall be bound only by the terms of this Escrow Agreement and shall not be
bound by or incur any liability with respect to any other agreement or
understanding between the parties except as herein expressly provided.  The
Escrow Agent shall not have any duties hereunder except those specifically set
forth herein.

          (g)     No interest in any part to this Agreement shall be assignable
in the absence of a written agreement by and between all the parties to this
Agreement, executed with the same formalities as this original Agreement.

                                        5
<PAGE>
     IN WITNESS WHEREOF, the parties have duly executed this Agreement as the
date first written above.

COMPANY:                                     ESCROW  AGENT:

NEIGHBORS  BANKSHARES,  INC.                 THE  BANKERS  BANK

By:                                          By:
   -----------------------------                 -------------------------------
                                                  Jo W. Avery
                                                  Vice President

                                        6
<PAGE>

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