Document:

Note Modification Agreement

  Exhibit 10.3
 NOTE MODIFICATION AGREEMENT
For Secured Promissory Note

	$7,000,000	 	Norcross, Georgia	 
	(Original Face Amount of Secured Promissory Note)	 	September 30, 2002	 
	 	 	 	 
	December 3, 2001	 	 	 
	(Original Date of Execution of Secured Promissory Note)	 	 	 

              THIS NOTE MODIFICATION AGREEMENT (this “Agreement”), made and entered into on September
30, 2002 is by and between SLMsoft.com Inc., a corporation formed under the laws of the Province of Ontario (“Shareholder”), SLMsoft.com Inc., a corporation formed under the laws of the
State of Kansasand a wholly-owned subsidiary of Shareholder (the “Company” and together with Shareholder, “Borrowers”), and InterCept Inc., a Georgia corporation f/k/a The InterCept Group, Inc. (“InterCept”). .
 RECITALS
          (1)      On December 3, 2001, the Borrowers and InterCept entered into that certain
Loan Agreement (the “Loan Agreement”), pursuant to which the Borrowers executed and delivered to InterCept the Secured Promissory Note identified above (the “Note”).
          (2)      The Borrowers have requested that the Note be further modified to the limited extent hereinafter set
forth.
          (4)      The Borrowers and InterCept are on the date hereof entering into an agreement setting forth
certain additional terms between the parties.
          (5)      InterCept has agreed to the modification requested
by the Borrowers. (All defined terms not otherwise defined herein or in the Note shall have the meanings given in the Loan Agreement dated as of December 3, 2001 by and among the Borrowers and InterCept.)
          NOW, THEREFORE, in consideration of the mutual benefits adhering to the parties hereto, and other good and valuable consideration, the receipt of which the Borrowers
hereby acknowledge, InterCept and the Borrowers agree as follows:
 AGREEMENT
          1.       The Borrowers hereby acknowledge and agree that as of this date, the outstanding principal balance of the Note is seven million dollars ($7,000,000 US). The Borrowers further

   
waive and release InterCept from any and all defenses and claims with respect to the Note through the date hereof.
          2.       Effective as at October 1, 2002, Paragraph 1 of the Note is hereby deleted in its entirety and replaced
with the following text:

	 	         SLMsoft.com, Inc., a Kansas corporation (the “Company”), and SLMsoft.com, Inc., an Ontario corporation (“Shareholder,” and together with the
Company referred herein to as “Borrowers”), jointly and severally and for value received, hereby promise to pay to InterCept, Inc., with an address at 3150 Holcomb Bridge Road, Suite 200, Norcross, GA 30071, or registered assigns
(“Holder”), on the Maturity Date (as defined below) the principal amount of Seven Million Dollars ($7,000,000), together with interest on the unpaid principal balance hereof at the simple interest rate equal to the Prime Rate plus two
percent (2%). “Prime Rate” shall mean the prime rate established by Wachovia Bank.	

          3.       Paragraph of the additional terms of the Note is hereby deleted
and replaced with the following text:

	 	         The Maturity Date of the Note shall be June 30, 2003. All accrued and unpaid interest from December 3, 2001 to September 30, 2002, plus all accrued and unpaid interest
from October 1, 2002 through December 31, 2002 shall be payable on January 2, 2003. Failure to pay all accrued and unpaid interest on January 2, 2003 shall constitute an Event of Default. All accrued interest after December 31, 2002 shall be payable
monthly in arrears through the Maturity Date.	

          4.       The Borrowers shall pay to InterCept a loan extension fee in the
amount of $85,000, which shall be earned by and shall be included in the outstanding note balance effective on October 1, 2002 which amount is reflected in paragraph 2 above.
          5.       As additional consideration for extending the loan, the Company agrees that certain rights granted to the
Company under the Software Agreement dated January 4, 2001 by and between the Company and InterCept (the “Software Agreement”) shall be terminated. The Company agrees to execute and deliver to InterCept an amendment to the Software
Agreement, pursuant to which the Company will, among other things, relinquish the marketing and use rights granted under Section 4.2 of the Software Agreement and the sharing of proceeds granted under Section 5.4 of the Software
Agreement.
          3.       The Borrowers and InterCept agree that all collateral given as security for the
Note remains as collateral for the Note as modified hereby.
 - 2 -

  
           4.       This Agreement is a modification only and not
a novation. Except for the modifications stated above, the Note and any security agreements or other agreements, and all of the terms and conditions thereof, shall be and remain in full force and effect, and this Agreement shall not release or
affect the liability of any guarantors, sureties or endorsers of the Note.
          5.       The Recitals to
this Agreement constitute an integral part hereof, and each party hereto agrees and acknowledges that the facts recited therein are true and correct.
          6.       This Agreement shall be governed by and construed in accordance with the laws of the State of Georgia.
          GIVEN UNDER THE HAND AND SEAL of each of the undersigned, on September 30, 2002:

		 	THE BORROWERS

SLMSOFT.COM, INC., a Kansas
corporation
	
	 	By: 	
/s/ K.R. QURESHI
				

	 	 	 	 

		 	SLMSOFT.COM, INC., an Ontario
corporation
	
	 	By: 	
/s/ K.R. QURESHI
				

	 	 	 	 

		 	 	[CORPORATE SEAL]

		Accepted:

INTERCEPT, INC.	 	 
	 	By: 	
/s/ SCOTT R. MEYERHOFF	 	 	 
			
			
	 	 	Scott R. Meyerhoff, SVP & CFO	 	 	 

 - 3 -Commission Agreement

   
 EXHIBIT 10.1
 COMMISSION AGREEMENT
          THIS COMMISSION AGREEMENT (the “Agreement”) is entered into as of the 12th day of September, 2002, by and between ABC BANCORP, a Georgia corporation (the “Company”), and JERRY L. KEEN, an individual resident of the State of Georgia (“Keen”). 
 W I T N E S S E T H:
          WHEREAS, upon the terms and conditions set forth herein, the Company wishes to compensate Keen for the provision of certain brokerage,
investment services and certain life insurance products to certain of the customers of the Company and its subsidiaries introduced thereto by Keen; 
          WHEREAS, Keen desires to be so compensated; and
          WHEREAS, the Company desires reasonable protection
of its confidential business and customer information which it has developed over the years at substantial expense and also desires assurance that Keen will not compete with the Company for a reasonable period of time after the termination or
expiration of this Agreement, except as otherwise provided herein.
          NOW, THEREFORE, in consideration of these premises, the mutual
covenants and undertakings herein contained, the Company and Keen, each intending to be legally bound, covenant and agree as follows:
          1.       Term. The term of this Agreement shall begin on the date (the “Effective Date”) that Keen satisfies all sponsorship requirements
of Raymond James Financial Services (“Raymond James”), including, without limitation, a physical examination, drug screen test and credit check, and, unless otherwise earlier terminated pursuant to Section 3 hereof, shall end on the date
which is three (3) years following the Effective Date (hereinafter referred to as the “Term”).
          2.       Fees and Commissions. 
          (A)      On the Effective Date, the Company shall make a one-time payment in the amount of One Hundred Thousand and No/100 Dollars ($100,000.00) to Keen by delivery of cash or a Company check
made payable to Keen.
          (B)      On the first regular payroll payment date of the Company following the
first, second and third anniversaries of the Effective Date, Keen will be paid (a) Twenty-Five Thousand and No/100 Dollars ($25,000.00) if, during the twelve (12) month period immediately preceding such anniversary, The First Bank of Brunswick, a
wholly-owned subsidiary of the Company (“First Bank”), earns between $240,000 and $279,999 of gross commissions and fees from the provision of brokerage and investment services (other than sales of fixed annuities
   
 

  through PFIC and credit life and accident & health insurance) to its customers during such year, or (b) Fifty Thousand and No/100 Dollars ($50,000.00) if, during the twelve (12) month
period immediately preceding such anniversary, First Bank earns between $280,000 and $349,999 of gross commissions and fees from the provision of brokerage and investment services (other than sales of fixed annuities through PFIC and credit life and
accident & health insurance) to its customers during such year, or (c) Seventy-Five Thousand and No/100 Dollars ($75,000.00) if, during the twelve (12) month period immediately preceding such anniversary, First Bank earns $350,000 or more of
gross commissions and fees from the provision of brokerage and investment services (other than sales of fixed annuities through PFIC and credit life and accident & health insurance) to its customers during such year (each such yearly payment
pursuant to this Section 2(B) shall be hereinafter referred to as the “Yearly Commission Fee”); provided, however, that if, during the first
year or the second year of the Term, First Bank earns more than $350,000 of gross commissions and fees from the provision of such brokerage and investment services to its customers, then the Yearly Commission Fee for any such year will be increased
by an amount equal to the product obtained by multiplying $75,000 by a fraction, the numerator of which shall be the actual amount of such gross commissions and fees, and the denominator of which shall be $350,000.
          (C)      Except as set forth in Section 4 hereof, in no event shall any fees required to be paid at the end of any period
be prorated if this Agreement is terminated prior to the end of such period. Notwithstanding anything to the contrary in this Section 2 or otherwise, in no event shall the amount of all fees and commissions paid by the Company to Keen under this
Agreement exceed Three Hundred Thousand and No/100 Dollars ($300,000.00) in the aggregate.
          3.       Termination. Subject to the respective continuing obligations of the parties hereto, including, without limitation, those set forth in
Subsections 5(A), 5(B), 5(C) and 5(D) hereof, this Agreement may be terminated prior to the expiration of the Term as follows:
          (A)      The Company, by providing a Notice of Termination (as hereinafter defined) to Keen, may terminate this Agreement immediately if Keen’s employment with the Company is terminated
for cause. For purposes of this Subsection 3(A), “cause” shall exist (i) if Keen is convicted of (from which no appeal may be taken), or pleads guilty to, any act of fraud, misappropriation or embezzlement, or any felony, (ii) if, in the
determination of the Board of Directors (the “Board”) or the Chief Executive Officer of the Company, Keen has engaged in gross or willful misconduct materially damaging to the business of the Company (it being understood, however, that
neither conduct pursuant to Keen’s exercise of his good faith business judgment nor unintentional physical damage to any property of the Company by Keen shall be a ground for such a determination by the Board), (iii) if Keen at any time fails
to maintain any sponsorship requirement of Raymond James, or (iv) if Keen has failed, without reasonable cause, to follow written instructions of the Board or the Chief Executive Officer of the Company consistent with Keen’s position as
Brokerage Services Manager of the Company and, after written notice from the Company of such failure, Keen at any time thereafter again so fails.
          (B)      Keen, by providing a Notice of Termination to the Company, may terminate this Agreement immediately upon a Change of Control. For purposes of this Subsection 3(B), a “Change of
Control” shall mean any of the following events:
 2 
 

	 	          (i)    Unless approved by the affirmative vote of at least two-thirds (2/3)
of those members of the Board who are in office immediately prior to the event(s) and who are not employees of the Company:

	 	          (a)      the merger or consolidation of the Company with, or the sale of all or substantially all of the assets of the
Company to, any person or entity or group of associated persons or entities; or

	 	          (b)      the direct or indirect beneficial ownership, in the aggregate, of securities of the Company representing twenty
percent (20%) or more of the total combined voting power of the Company’s then issued and outstanding securities by any person or entity, or group of associated persons or entities acting in concert, not affiliated (within the meaning of the
Securities Act of 1933, as amended) with the Company as of the date hereof; provided, however, that the Board may, at any time and in its sole discretion,
increase the ownership percentage threshold of this item (b) to an amount not exceeding forty percent (40%); or

	 	          (c)      the shareholders of the Company approve any plan or proposal for the liquidation or dissolution of the
Company.

	 	         (ii)    A change in the composition of the Board at any time during any consecutive twenty-four (24) month period such that the
“Continuity Directors” cease for any reason to constitute at least a seventy percent (70%) majority of the Board. For purposes of this Agreement, “Continuity Directors” shall mean those members of the Board who
either:

	 	          (a)      were directors at the beginning of such consecutive twenty-four (24) month period;
or

	 	          (b)      were elected by, or on the nomination or recommendation of, at least a two-thirds (2/3) majority of the Board.

          (C)      Keen, by providing
a Notice of Termination to the Company at least thirty (30) days prior to the Date of Termination (as hereinafter defined) specified therein, may terminate this Agreement for any reason other than as a result of a Change of Control.
          (D)      The Company, by providing a Notice of Termination to Keen at least thirty (30) days prior to the Date of
Termination specified therein, may terminate this Agreement for any reason or for no reason.
          (E)      This
Agreement shall terminate upon the Keen’s death or disability. For purposes of this Agreement, “disability” shall be defined as Keen’s inability by reason of illness or other physical or mental incapacity to perform the duties
required by his employment with the Company for any consecutive one hundred eighty (180) day period.
 3 
 

            (F)    This Agreement will terminate immediately upon Executive receiving an aggregate of Three
Hundred Thousand and No/100 Dollars ($300,000.00) pursuant hereto.
 Upon a termination of this Agreement as provided herein, the terms of this Agreement shall be of no further force or effect; provided, however, that the terms of Subsections 5(A) through 5(E) hereof shall survive any termination or expiration of this Agreement as set forth therein.
          4.       Fees Upon Termination. In the event of the termination of this
Agreement pursuant to Subsections 3(A) through 3(E) hereof, commission fees shall continue to be paid by the Company to Keen as follows:
          (A)      In the event of a termination pursuant to Subsection 3(A) or Subsection 3(C) hereof, all commission fees provided for herein shall be paid as provided in Section 2 hereof through and
including the Date of Termination specified in the Notice of Termination; provided, however, that if the event of termination pursuant to Subsection 3(A)
or Subsection 3(C) hereof occurs within twelve (12) months after the Effective Date, then Keen shall pay to the Company on the Date of Termination specified in the Notice of Termination cash in the amount of Seventy-Five Thousand and No/100 Dollars
($75,000) multiplied by a fraction, the numerator of which shall be the number of full calendar months remaining during the first year of the Term, and the denominator of which shall be 12.
          (B)      In the event of a termination pursuant to Subsection 3(B) or Subsection 3(D) hereof, all commission fees
provided for herein shall be paid as provided in Section 2 hereof through the Date of Termination specified in the Notice of Termination. In addition, if such termination is a termination pursuant to Subsection 3(B) hereof, the Company may elect, at
its sole option and in its sole discretion, to pay Keen all commissions and fees set forth in Section 2 hereof for the entire Term that remain unpaid (not to exceed the limitation set forth in Section 2(C) hereof) on the Date of Termination
specified in the Notice of Termination; provided, however, that if the Company does not make such payments upon such a termination, then Keen shall not be
prohibited by the terms of Section 5(D)(iii) hereof from soliciting the Brokerage Business (as hereinafter defined) of any customer of the Company or any of its subsidiaries for which Keen provided brokerage and investment services prior to the
Effective Date.
          (C)      In the event of a termination pursuant to Subsection 3(E) hereof, commission fees
provided for herein shall be paid as provided in Section 2 hereof (i) in the event of Keen’s death, through the date of death, or (ii) in the event of Keen’s disability, through the Date of Termination specified in the Notice of
Termination.
          5.       Restrictive Covenants.
          (A)      Keen acknowledges that (i) the Company has separately bargained
and paid additional consideration for the restrictive covenants set forth herein; and (ii) the Company will provide benefits to Keen hereunder in reliance upon such covenants in view of the unique and essential nature of the services Keen will
perform on behalf of the Company and the irreparable injury that would befall the Company should Keen breach such covenants.
 4 
 

            (B)    Keen further acknowledges that his position with the Company will place him in a
position of confidence and trust with employees of the Company and its subsidiaries and affiliates and with the Company’s other constituencies and will allow him access to confidential information concerning the Company and its subsidiaries and
affiliates.
          (C)      Keen further acknowledges that the type and periods of restrictions imposed by the
covenants in this Section 5 are fair and reasonable and that such restrictions will not prevent Keen from earning a livelihood.
          (D)      Having acknowledged the foregoing, Keen covenants and agrees with the Company as follows:

	 	         (i)      During the Term and for a period of two (2) years after the termination or expiration of this Agreement for any reason
or for no reason, Keen shall not divulge or furnish any confidential information of the Company acquired by him from the Company to any person, firm or corporation, other than to the Company or its subsidiaries or upon its or their written request,
or use any such confidential information (which shall at all times remain the property of the Company) directly or indirectly for Keen’ own benefit or for the benefit of any person, firm or corporation other than the Company. For purposes
hereof, the term “confidential information” shall mean the Company’s and its subsidiaries’ non-public, confidential or proprietary information other than the Company’s or its subsidiaries’ trade secrets (as such term is
defined in §10-1-761 of the Official Code of Georgia Annotated), including, without limitation, any and all tangible and intangible information, whether oral, in writing or in any other medium, whether developed by Keen or furnished to Keen by
third parties at the direction of the Company, concerning the policies, plans, procedures or customers of the Company or its subsidiaries or the business, financial condition, operations, assets, liabilities and contingencies of the Company or its
subsidiaries. 

	 	         (ii)    Keen hereby agrees that he will not directly or indirectly disclose to anyone, or use or otherwise exploit for his own benefit or
for the benefit of anyone other than the Company and its subsidiaries, any trade secrets (as such term is defined in §10-1-761 of the Official Code of Georgia Annotated) of the Company or any of its subsidiaries for as long as they remain trade
secrets.

	 	         (iii)   During the Term and for a period of two (2) years after the termination or expiration of this Agreement for any reason or for no
reason, Keen shall not, directly or indirectly, use any of the Company’s confidential information or trade secrets to provide Brokerage Business to, or solicit the Brokerage Business of, any customer of the Company or any of its subsidiaries
(including, without limitation, any customer of Keen prior to the Effective Date), or assist any actual or potential competitor of the Company or any of its subsidiaries to provide Brokerage Business to, or solicit the Brokerage Business of, any
such customer using such confidential information or trade secrets. For purposes hereof, the term “Brokerage Business” shall mean the business of offering, selling or otherwise providing securities, insurance or annuities brokerage,
investment

 5 
 

	 	banking or investment advisory products or services, as conducted by the Company or any of its subsidiaries during Keen’s employment with the Company.

	 	         (iv)    At the Company’s request upon the termination or expiration of this Agreement, Keen shall immediately turn over to the
Company all business correspondence, letters, papers, reports, customer lists, financial statements, credit reports or other confidential information or documents of the Company or its affiliates in the possession or control of Keen, all of which
writings are and will continue to be the sole and exclusive property of the Company or its affiliates, as the case may be.

          (E)      Keen acknowledges that irreparable loss and injury would result to the Company upon the breach of any of the covenants contained in this Section 5 and that damages arising out of such
breach would be difficult to ascertain. Keen hereby agrees that, in addition to all other remedies provided at law or in equity, the Company may petition and obtain from a court of law or equity, without the necessity of proving actual damages and
without posting bond or other security, both temporary and permanent injunctive relief to prevent a breach by Keen of any covenant contained in this Section 5, and shall be entitled to an equitable accounting of all earnings, profits and other
benefits arising out of any such breach. In the event that the provisions of this Section 5 should ever be deemed to exceed the time, geographic or any other limitations permitted by applicable law, such provisions shall be deemed reformed to the
maximum extent permitted thereby.
          6.       Notice of Termination and Date of
Termination. Any termination of this Agreement pursuant to Section 3 hereof, except in the circumstances of Keen’s death, shall be communicated by written “Notice of Termination” by the terminating party to
the other party hereto. Any “Notice of Termination” pursuant to Subsection 3(A) or Subsection 3(B) hereof shall indicate the specific provisions of this Agreement relied upon and shall set forth in reasonable detail the facts and
circumstances claimed to provide a basis for such termination. For purposes of this Agreement, “Date of Termination” shall mean the date specified in the Notice of Termination; provided, however, that if this Agreement is terminated because of Keen’s disability, then the Date of Termination shall mean thirty (30) days after Notice of Termination is given (unless Keen
shall have resumed his duties on a full-time basis during such thirty (30) day period).
          7.       Payments After Death. Should Keen die after termination of this Agreement while any amounts are payable to him hereunder, this Agreement shall inure to the benefit of and be enforceable by Keen’s executors,
administrators, heirs, distributees, devisees and legatees, and all amounts payable hereunder shall be paid in accordance with the terms of this Agreement to Keen’s devisee, legatee or other designee or, if there is no such designee, to his
estate.
          8.       Legal Expenses. If any legal action,
proceeding in arbitration or other proceeding is brought for the enforcement of this Agreement, or because of any alleged dispute, breach, default or misrepresentation in connection with any provision of this Agreement, the successful or prevailing
party or parties shall be entitled to recover reasonable attorneys’ fees, court costs and all expenses incurred in that action or proceeding, even if not taxable as court costs, plus in each case interest at the “Applicable Federal
Rate” (as such term is defined in
 6 
 

  Section 1274(d) of the Internal Revenue Code of 1986, as amended), in addition to any other relief to which such party or parties may be entitled.
          9.       Notices. For purposes of this Agreement, notices and all other
communications provided for herein shall be in writing and shall be deemed to have been given when delivered or mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

		If to Keen:	 	Jerry L. Keen
48 Captains Walk
St. Simons Island, Georgia 31522
	 	 	 	 
	 	If to the Company:	 	ABC Bancorp
24 2nd Avenue, S.E.
Moultrie, Georgia 31768
Attention: Chief Executive Officer

 
 or to such address as either party hereto furnishes to the other party in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt.
          10.      Governing Law. The validity, interpretation, and performance of this
Agreement shall be governed by the laws of the State of Georgia, without giving effect to the conflicts of laws principles thereof.
          11.      Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and upon their respective heirs, personal
representatives, administrators, successors and assigns, as the case may be. 
          12.      Modification. No provision of this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by Keen and the Company. No waiver by either party
hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of dissimilar provisions or conditions at the same or any
prior subsequent time.
          13.      Severability. Any provision hereof
which is prohibited or unenforceable in any jurisdiction will, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction will not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by law, the parties hereto waive any provision of law which renders any such provision prohibited or
unenforceable in any respect. In the event that any provision of this Agreement should ever be deemed to exceed the time, geographic, product or service or any other limitations permitted by applicable law, then such provision shall be deemed
reformed to the maximum extent permitted by applicable law.
 7 
 

           14.      Counterparts. This Agreement may be
executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same agreement. Executed counterparts may be delivered via facsimile transmission.
          15.      Assignment. This Agreement is personal in nature and neither party
hereto shall, without consent of the other, assign or transfer this Agreement or any rights or obligations hereunder except as provided in Section 7 above. Without limiting the foregoing, Keen’s right to receive commission fees hereunder shall
not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than a transfer by his will or by the laws of descent or distribution as set forth in Section 7 hereof, and in the event of any attempted
assignment or transfer contrary to this Section 15, the Company shall have no liability to pay any amounts so attempted to be assigned or transferred.
          16.      Rights of Keen; No Right to Continued Employment. The rights accruing to Keen hereunder shall be solely those of an
unsecured creditor of the Company. This Agreement shall not be deemed to create a contract of employment between the Company or any of its subsidiaries and Keen and shall create no right in Keen to continue in the Company’s employ for any
specific period of time, or to create any other rights in Keen or obligations on the part of the Company, except as set forth in this Agreement. Keen understands and agrees that he is and will remain strictly an employee “at will” of the
Company.
          17.      Entire Agreement. This Agreement constitutes the
entire agreement between the parties hereto and supersedes all prior agreements, if any, understandings and arrangements, oral or written, between the parties hereto with respect to the subject matter hereof.
          18.      Participation in Negotiations. EACH OF THE UNDERSIGNED PARTIES
ACKNOWLEDGES AND AGREES THAT SUCH PARTY HAS PARTICIPATED IN THE NEGOTIATION OF AND CAREFULLY READ EACH OF THE TERMS AND PROVISIONS OF THIS COMMISSION AGREEMENT AND UNDERSTANDS ITS CONTENTS, AND THAT SUCH PARTY EXECUTED THIS COMMISSION AGREEMENT AS
SUCH PARTY’S OWN FREE ACT AND DEED.
 [Signatures Next Page]
 8 
 

           IN WITNESS WHEREOF, the Company has caused this Agreement to be executed and delivered by its duly authorized
officer, and Keen has executed and delivered this Agreement, all as of the day and year first above written.

		 	ABC BANCORP
	
	 	By: 	
/s/ KENNETH J. HUNNICUTT
				

	 	 	 	Kenneth J. Hunnicutt,
Chairman and Chief Executive Officer

		 	 	 	 
	
	 	 	
/s/ JERRY L. KEEN	(SEAL)
				
	
	 	 	 	JERRY L. KEEN	 

 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}]]