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EXHIBIT 10.1PURCHASE AGREEMENT

PURCHASE AGREEMENT, dated as of September 26, 2006 (the 
"Agreement"), by and between Rockwell Collins, Inc. (the "Issuer") and Bank of America, 
N.A. (the "Seller").
W I T N E S S E T H
WHEREAS, the Issuer has publicly announced its intention to repurchase shares 
of its common stock, par value $.01 per share (the "Common Stock"), from time to time (the 
"Repurchase Program"); and
WHEREAS, the Issuer desires to enter into the Agreement with Seller in order 
to effect a portion of the Repurchase Program;
NOW, THEREFORE, in consideration of the premises, the covenants and 
agreements contained herein and other good and valuable consideration, the receipt and 
sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
Section 1.  Definitions.
As used herein the following terms shall have the meanings set forth below:
"Announcement Date" means in respect of a Merger Event or other corporate 
event described in Section 4(b), the date of the first public announcement of a firm intention to 
merge or to make an offer or take other action that leads to the Merger Event or such other 
event, as reasonably determined in good faith by the Calculation Agent.
"Bankruptcy" means the Issuer (1) is dissolved (other than pursuant to a 
consolidation, amalgamation or merger); (2) becomes insolvent or is unable to pay its debts or 
fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a 
general assignment, arrangement or composition with or for the benefit of its creditors; (4) 
institutes or has instituted against it a proceeding seeking a judgment of insolvency or 
bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law 
affecting creditors' rights, or a petition is presented for its winding-up or liquidation, and, in the 
case of any such proceeding or petition instituted or presented against it, such proceeding or 
petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order for relief 
or the making of an order for its winding-up or liquidation or (B) is not dismissed, discharged, 
stayed or restrained in each case within 30 days of the institution or presentation thereof; (5) has 
a resolution passed for its winding-up, official management or liquidation (other than pursuant 
to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment 
of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other 
similar official for it or for all or substantially all its assets; (7) has a secured party take 
possession of all or substantially all its assets or has a distress, execution, attachment, 
sequestration or other legal process levied, enforced or sued on or against all or substantially all 
its assets and such secured party maintains possession, or any such process is not dismissed, 
discharged, stayed or restrained, in each case within 30 days thereafter; (8) causes or is subject 
to any event with respect to it which, under the applicable laws of any jurisdiction, has an 
analogous effect to any of the events specified in clauses (1) to (7) (inclusive); or (9) takes any 
action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the 
foregoing acts.
"Borrowed Shares" means, as of any date, the number of shares of Common 
Stock constituting Seller's theoretical short position in connection with the Transaction, as 
reasonably determined in good faith by the Calculation Agent.
"Calculation Agent" shall mean Banc of America Securities LLC, whose 
determinations and calculations shall be made in good faith and a commercially reasonable 
manner. The Calculation Agent will notify the Issuer of any determination or calculation made 
by it hereunder. Either party may object to the determinations and calculations of the 
Calculation Agent in good faith, in which case each of the parties agrees to be bound by the 
determinations and calculations of a leading, independent dealer in derivatives that is not an 
affiliate of either party, selected by agreement between the parties within one Trading Day of 
such disagreement (the "Substitute Calculation Agent"), whose fees and expenses shall be paid 
equally by both parties.  If the parties are unable to agree on a Substitute Calculation Agent, 
each of the parties shall elect an independent dealer in equity derivatives and such two dealers 
shall agree on a third dealer, who shall be deemed to be the Substitute Calculation Agent. The 
Issuer shall reimburse Seller for any loss incurred by Seller in good faith in connection with its 
hedging activities as a result of any such objection by the Issuer to any such determination or 
calculation in the event the Calculation Agent's determination or calculation is determined to 
have been correct.
"Calculation Date" has the meaning ascribed to it in Section 3(a).
"Closing Price" of the Common Stock on any day shall mean the last reported 
sales price regular way on such day or, in case no such sales price is reported on such day, the 
average of the reported closing bid and asked prices regular way of the Common Stock, in each 
case on the New York Stock Exchange, or if not then traded on the New York Stock Exchange 
the principal securities exchange or quotation system on which the Common Stock is then 
listed or admitted to trading, or if not then listed or admitted to trading on a securities exchange 
or quotation system, the average of the closing bid and asked prices of the Common Stock in 
the over-the-counter market on the day in question as reported by the National Quotations 
Bureau Incorporated, or a similarly generally accepted reporting service, or, if not so available 
in such manner, as furnished by any New York Stock Exchange member firm reasonably 
selected in good faith by the Calculation Agent.
"Combined Consideration" means New Shares in combination with Other 
Consideration.
"Conditions to Net Share Settlement" has the meaning ascribed to it in Section 
3(c).
"Cross Default" means the occurrence or existence of (1) a default, event of 
default or other similar condition or event (however described) in respect of the Issuer under 
one or more agreements or instruments in respect of indebtedness for borrowed money in an 
aggregate amount of not less than $50 million which has resulted in such agreement or 
instrument becoming due and payable before it would otherwise have been due and payable or 
(2) a default by the Issuer in making one or more payments on the due date thereof in an 
aggregate amount of not less than $50 million under such agreements or instruments (after 
giving effect to any applicable notice requirement or grace period).
"Derivative Trades" has the meaning ascribed to it in Section 3(e).
"Designee" has the meaning ascribed to it in Section 9(b).
 
"Determined Amount" has the meaning ascribed to it in Section 3(d).
"Discount" means the amount set forth on Schedule 1 hereto. 
"Dividend Amount" shall mean,  as of each of the dates set out below (each a 
"Dividend Adjustment Date"), the amount set forth opposite such Dividend Adjustment Date 
(and such Dividend Amount corresponds to such Dividend Adjustment Date):
Dividend Adjustment Date
Dividend Amount
The date immediately preceding the ex-dividend 
date for the Issuer's regularly scheduled fourth 
calendar quarter 2006 dividend, currently 
anticipated to be November 13, 2006
$0.16
"Dividend Event" means the payment of an ordinary or extraordinary dividend 
or distribution by the Issuer with an ex-dividend date that occurs at any time during any period 
specified under Dividend Adjustment Date above with an amount or value, as determined by 
the Calculation Agent, that exceeds, in the aggregate with all other dividends or distributions 
with ex-dividend dates that occur during such period, the Dividend Amount corresponding to 
the Dividend Adjustment Date occuring during such period.
"Excess Shares" means a number of shares of Common Stock equal to the 
excess, if any, of (a) the Stock Settlement Amount over (b) the Determined Amount.
"Exchange Act" means the Securities Exchange Act of 1934, as amended.
"Execution Period" shall mean the period commencing on the First Averaging 
Date and ending on the earlier of (i) the Last Averaging Date or (ii) any Termination Event 
Termination Date.
"Extraordinary Transaction Election" has the meaning ascribed to it in Section 
4(b).
"Failure to Pay or Deliver" means failure by the Issuer to make, when due, any 
payment under this Agreement or any delivery of shares of Common Stock under this 
Agreement required to be made by it if such failure is not remedied on or before the third 
Trading Day after notice of such failure is given to the Issuer by Seller.
"Final Price" means (i) the arithmetic average of the Reported VWAP on each 
Trading Day from the First Averaging Date up to and including the last Trading Day in the 
Execution Period, minus (ii) the Discount; provided that, if a Trading Day is a Trading Day 
only in part as provided for in the definition of Trading Day, the Calculation Agent may, if 
appropriate in light of market conditions, regulatory considerations or otherwise, make 
adjustments to the number of shares of Common Stock for which such day shall be an 
averaging date and determine the Final Price based on an appropriately weighted average 
instead of such arithmetic average.
"Final Settlement Date" has the meaning ascribed to it in Section 5(f).
"First Averaging Date" means the date specified as such on Schedule 1 hereto.
"First Possible Last Averaging Date" means the date specified as such on 
Schedule 1 hereto.
"Hedge Account Shares" means, as of any date, the number of shares of 
Common Stock equal to the Number of Shares minus the Borrowed Shares.
"Last Averaging Date" means a Trading Day between and including the First 
Possible Last Averaging Date and the Last Possible Last Averaging Date, as determined by 
Seller.  Notice of the Last Averaging Date shall be given by Seller not later than 8:00 p.m. New 
York time on the Last Averaging Date.    Notice shall be irrevocable once provided to the 
Issuer.  If no notice is provided, then the Last Averaging Date shall be the Last Possible Last 
Averaging Date.
"Last Possible Last Averaging Date" means the date specified as such on 
Schedule 1 hereto, subject to extension by the Calculation Agent as appropriate as a result of 
any Market Disruption or any Regulatory Disruption.
"Make-Whole Amount" has the meaning ascribed to it in Section 3(c).
"Make-Whole Shares" has the meaning ascribed to it in Section 3(c).
"Market Disruption" means that there has been, in the determination of the 
Calculation Agent, a material limitation in the trading of the Common Stock by market 
participants in general.
"Merger Event" means any (i) reclassification or change of the Common Stock 
that results in a transfer of or an irrevocable commitment to transfer all of the Common Stock 
outstanding, (ii) consolidation, amalgamation or merger of the Issuer with or into another entity 
(other than a consolidation, amalgamation or merger in which the Issuer is the continuing entity 
and which does not result in any such reclassification or change of all of the Common Stock 
outstanding) or (iii) other takeover offer for such shares that results in a transfer or an 
irrevocable commitment to transfer all the Common Stock (other than Common Stock owned 
or controlled by the offeror), in each case if the Merger Event is on or before the last day of the 
Execution Period.
"Net Share Settlement" shall mean settlement by the Issuer of its obligations 
hereunder in accordance with Section 3(c).
"New Shares" means shares (whether of the offeror or a third party). 
"Number of Shares" has the meaning ascribed to it in Section 2.
"Other Consideration" means cash and/or any securities (other than New Shares) 
or assets (whether of the offeror or a third party).
"Payment Date" has the meaning ascribed to it in Section 3(b).
"Principal Account" means the notional principal account referred to in Section 
3(a).
"Private Placement Notice" has the meaning ascribed to it in Section 3(g).
"Private Placement Start Date" has the meaning ascribed to it in Section 3(g).
"Proceeding" has the meaning ascribed to it in Section 7.
"Purchase Price" has the meaning ascribed to it in Section 2. 
"Reference Price" means, with respect to Stock Settlement Shares delivered 
pursuant to Section 3(c), 95% of the Closing Price of the Common Stock on the last Trading 
Day of the Execution Period, or, with respect to Stock Settlement Shares delivered pursuant to 
Section 3(g), 95% of the value per share to Seller, as determined by the Calculation Agent (it 
being understood that such value shall take into account a commercially reasonable illiquidity 
discount), of such Stock Settlement Shares.
"Registered Shares" has the meaning ascribed to it in Section 3(c).
"Regulatory Disruption" means any event that Seller, in its reasonable discretion, 
determines makes it appropriate with regard to any legal, regulatory or self-regulatory 
requirements or related policies and procedures (whether or not such requirements, policies or 
procedures are imposed by law or have been voluntarily adopted by Seller, and including 
without limitation Rule 10b-18, Rule 10b-5, Regulation 13D-G and Regulation 14E under the 
Exchange Act, and Regulation M), for Seller to refrain from any market activity in connection 
with the Transaction. Seller shall notify the Issuer as soon as reasonably practicable that a 
Regulatory Disruption has occurred and the days affected by it.
"Regulation M" means Regulation M under the Exchange Act.
"Reported VWAP" means, for any Trading Day, the Rule 10b-18 dollar volume 
weighted average price per share of Common Stock for that Trading Day as reported on 
Bloomberg Page "COL.N" [Equity] AQR SEC" (or any successor thereto), or in the event 
such price is not so reported on such Trading Day for any reason, as reasonably determined by 
the Calculation Agent.
"Rule 10b-18" means Rule 10b-18 under the Exchange Act.
"Rule 10b5-1" means Rule 10b5-1 under the Exchange Act.
"SEC" has the meaning ascribed to it in Section 3(c).
"Settlement Amount" shall mean (i) in the case of the Issuer, the amount of any 
negative balance in the Principal Account as of the Calculation Date, and  (ii) in the case of 
Seller, the amount of any positive balance in the Principal Account as of the Calculation Date, 
in each case as reasonably determined in good faith by the Calculation Agent.
"Settlement Date" has the meaning ascribed to it in Section 2.
"Shares" has the meaning ascribed to it in Section 2.
"Share-for-Combined" means, in respect of a Merger Event, that the 
consideration for the shares of Common Stock consists of Combined Consideration.
"Share-for-Other" means, in respect of a Merger Event, that the consideration for 
the the shares of Common Stock consists solely of Other Consideration.
"Share-for-Share" means, in respect of a Merger Event, that the consideration for 
the the shares of Common Stock consists (or, at the option of the holder of such shares, may 
consist) solely of  New Shares.
"Shelf Registration" means a registration statement in form and substance 
reasonably acceptable to Seller for an offering to be made on a continuous basis pursuant to 
Rule 415 under the Securities Act, registering Seller's resale, in any manner or manners 
designated by Seller, of all Registered Shares.
"Short Squeeze" shall mean a situation where (i) Seller has determined in good 
faith, in its reasonable judgment, that it is unable to hedge its exposure to the transaction 
contemplated hereby because of the lack of sufficient shares of Common Stock being made 
available for borrowing from lenders, including without limitation Seller's being required to 
redeliver shares of Common Stock to any lender at the demand of such lender and not being 
able to meet such obligation in full in a timely manner by reasonable efforts to borrow shares of 
Common Stock from another lender or lenders, or (ii) Seller would incur a cost to borrow 
shares of Common Stock to hedge its exposure to the transaction contemplated hereby that is 
greater than a rate equal to thirty (30) basis points per annum.  
"Stock Delivery Date" has the meaning ascribed to it in Section 3(c).
"Stock Election Date" has the meaning ascribed to it in Section 3(c).
"Stock Settlement Amount" shall mean (i) in the case that the Issuer is required 
to pay the Settlement Amount to Seller and has elected to pay the Settlement Amount by 
delivery of shares of Common Stock to Seller pursuant to Section 3(c) or (g), an amount, 
reasonably determined in good faith by the Calculation Agent, equal to the Settlement Amount 
to be paid by the Issuer pursuant to Section 3(b), divided by the Reference Price, and (ii) in the 
case that Seller is required to pay the Settlement Amount to the Issuer and the Issuer has elected 
to require Seller to satisfy the obligation by delivery of shares of Common Stock to the Issuer 
pursuant to Section 3(h), an amount, reasonably determined in good faith by the Calculation 
Agent, equal to the Settlement Amount to be paid by Seller pursuant to Section 3(b), divided by 
the weighted average price per share actually paid by Seller to purchase such Stock Settlement 
Shares.
"Stock Settlement Shares" shall mean such whole number of shares of Common 
Stock equal to the Stock Settlement Amount.
"Tender Offer" means a takeover offer, tender offer, exchange offer, solicitation, 
proposal or other event by any entity or person that results in such entity or person purchasing, 
or otherwise obtaining or having a right to obtain, by conversion or other means, greater than 
10% and less than 100% of the outstanding shares of Common Stock as determined by the 
Calculation Agent, based upon the making of filings with governmental or self-regulatory 
agencies or such other information as the Calculation Agent deems relevant.
"Termination Calculation Date" has the meaning ascribed to it in Section 8.
 
"Termination Event" shall mean the occurrence of a (i) Bankruptcy, (ii) Cross 
Default, (iii) Failure to Pay or Deliver, (iv) Short Squeeze or (v) Dividend Event.
"Termination Event Termination Date" has the meaning ascribed to it in  
Section 8.
"Trading Day" shall mean any day on which (i) the Common Stock is traded on 
the New York Stock Exchange or, if not then traded on the New York Stock Exchange, the 
principal securities exchange or quotation system on which such securities are then traded or, if 
not then traded on a securities exchange or quotation system, in the over-the-counter market, 
and (ii) there has not been a Market Disruption or a Regulatory Disruption; provided that in the 
event of one of the events enumerated in (ii) occurring during a day that would otherwise be a 
Trading Day, the Calculation Agent may determine that such day is a Trading Day only in part.
"Transaction" shall mean the transaction contemplated by this Agreement.
"Valuation Period" has the meaning ascribed to it in Section 3(h).
Section 2.  Purchase and Sale.
Subject to the terms and conditions set forth herein, Seller agrees to sell to the 
Issuer, and the Issuer agrees to purchase from Seller, 4,700,000 shares (the "Number of 
Shares") of Common Stock (the "Shares") for an aggregate purchase price (the "Purchase 
Price") equal to the Number of Shares multiplied by the Closing Price of the Common Stock on 
September 28, 2006.  At 4:00 p.m. on the first Trading Day (the "Settlement Date") after 
September 28, 2006 or on such other date and at such other time as the parties may mutually 
agree, Seller shall deliver or cause to be delivered the Shares through the facilities of The 
Depository Trust Company to the Issuer, against payment by the Issuer of the Purchase Price by 
wire transfer of immediately available funds.  The parties understand and agree that the delivery 
of the Shares by or on behalf of Seller upon the payment of the Purchase Price by the Issuer is 
irrevocable and that as of the Settlement Date the Issuer will be the sole beneficial owner of the 
Shares for all purposes.

Section 3.  Purchase Price Adjustment.
(a)  On the Settlement Date, the Calculation Agent shall establish a notional 
Principal Account in an amount equal to the Purchase Price.  The Calculation Agent shall 
adjust the Principal Account as follows:
(i)        The Principal Account shall be reduced on each Dividend Adjustment Date in an 
amount equal to the product of (x) the number of Borrowed Shares on such Dividend 
Adjustment Date and (y) the Dividend Amount corresponding to such Dividend 
Adjustment Date; and
(ii)        The Principal Account shall be reduced on the third Trading Day following the 
Last Averaging Date in an amount equal to the product of (x) the Number of Shares and 
(y) the Final Price.
On the first Trading Day immediately following the last day of the Execution Period 
("Calculation Date"), the Calculation Agent will (A) calculate the Settlement Amount and, if 
applicable, the Stock Settlement Amount, (B) notify the Issuer of the Settlement Amount and, if 
applicable, the Stock Settlement Amount and (C) provide a schedule of its calculations thereof.  
The Calculation Agent shall respond promptly to all questions raised by the Issuer relating to 
such calculations.  
(b)  On the third Trading Day immediately following the Calculation Date (the 
"Payment Date"), if the Settlement Amount is positive, Seller shall pay the Settlement Amount 
to the Issuer and, if the Settlement Amount is negative, the Issuer shall pay the absolute value 
of such Settlement Amount to Seller.  Except as provided in paragraphs (c), (d), (g) and (h) of 
this Section, all payments to be made under this Section 3 shall be made on the Payment Date 
by wire transfer of immediately available funds.
(c)  If the Issuer is required to pay the Settlement Amount to Seller pursuant to 
paragraph (b) of this Section, the Issuer may, at its option, satisfy the obligation by the delivery 
to Seller of the Stock Settlement Shares (and a payment of cash in lieu of fractional shares, if 
any).  In order to exercise this option, the following conditions must be satisfied (the 
"Conditions to Net Share Settlement") (i) the Issuer must notify Seller of its election to have 
any Settlement Amount payable in shares of Common Stock no later than 8:00 p.m. New York 
City time on the Trading Day immediately following the Calculation Date (the "Stock Election 
Date"), (ii) the Issuer must enter into a registration rights agreement with Seller in form and 
substance reasonably acceptable to Seller (the "Registration Rights Agreement") not later than 
5 days subsequent to the Stock Election Date, which agreement will contain, among other 
things, customary representations and warranties and indemnification and other rights, 
including rights to customary opinions of counsel and accountant's "comfort letters," relating to 
the registration of all Stock Settlement Shares and Make-whole Shares delivered to Seller (the 
"Registered Shares"); (iii) the Shelf Registration shall have been declared effective by the 
Securities and Exchange Commission (the "SEC") not more than ten Trading Days subsequent 
to the Stock Election Date; (iv) Seller shall have been afforded a commercially reasonable 
opportunity to conduct a due diligence investigation with respect to the Issuer customary in 
scope for such sales and the outcome of such investigation shall be satisfactory to Seller in its 
good faith discretion exercised in accordance with Seller's customary practices, and (v) the 
Shelf Registration shall remain effective until all Registered Shares have been sold by Seller.  
Subject to paragraph 3(g) below, if any of the conditions in the preceding sentence are not met, 
the provisions of this paragraph (c) shall be inoperative and the Issuer shall be obligated to pay 
any applicable Settlement Amount by wire transfer of immediately available funds.  If the 
Issuer complies with all of its obligations under this paragraph (c), then at 9:30 a.m. on the date 
(the "Stock Delivery Date") that is the later of the Payment Date and the date on which the 
conditions enumerated in (i) through (iv) above are first satisfied, the Issuer shall deliver to 
Seller (i) a certificate or certificates representing the fully paid and nonassessable Stock 
Settlement Shares, in such denominations and in such names as Seller may specify and (ii) the 
cash payment, if any, in lieu of fractional shares by wire transfer of immediately available 
funds.  The parties understand and agree that the deliveries made pursuant to the preceding 
sentence and the following paragraph shall be irrevocable and together shall satisfy in full the 
Issuer's obligations under this Section 3.
If the Issuer delivers Stock Settlement Shares to Seller  pursuant to this paragraph (c), then 
within ten Trading Days (during which, in the opinion of Seller and the Issuer, the prospectus 
forming a part of the Shelf Registration is available for use and not subject to any "blackout" or 
other restriction) after the Stock Delivery Date Seller shall either resell such Stock Settlement 
Shares as provided in this paragraph (c) or make the election in the last sentence of this 
paragraph. If Seller resells (or is deemed to have resold pursuant to the last sentence of this 
paragraph) all or any portion of the Stock Settlement Shares and the net proceeds received (or 
deemed received) by Seller upon resale of such shares exceeds the Settlement Amount (or if 
less than all of the Stock Settlement Shares are resold, the applicable pro rata portion of the 
Settlement Amount), Seller shall promptly refund in cash such difference to the Issuer; 
provided that Seller may, at its option, satisfy its obligation under this sentence by returning to 
the Issuer any portion of the Stock Settlement Shares that would, if sold, have resulted in net 
proceeds in excess of the Settlement Amount.  In the event that such net proceeds are less than 
the Settlement Amount (or if less than all of the Stock Settlement Shares are resold, the 
applicable pro rata portion of the Settlement Amount), the Issuer shall pay in cash or additional 
shares of Common Stock (the "Make-Whole Shares") such difference (the "Make-Whole 
Amount") to Seller promptly after receipt of notice thereof.  In the event that the Issuer elects to 
pay the Make-Whole Amount in additional shares of Common Stock, the requirements set forth 
in this paragraph (c) and Section 3(g) below with respect to payment of the Settlement Amount 
in shares of Common Stock, including make-whole requirements, shall apply (with the number 
of Make-Whole Shares delivered based on the Make-Whole Amount divided by the Reference 
Price determined as if the last Trading Day of the Execution Period were the Trading Day prior 
to delivery of such Make-Whole Shares), such that Seller shall pay to the Issuer any such excess 
and the Issuer shall pay to Seller in cash or Make-Whole Shares any additional Make-Whole 
Amount.  In making the calculations set forth in this paragraph, the net proceeds from the resale 
of any Stock Settlement Shares shall be calculated as if there were deducted from such proceeds 
an amount equal to the customary underwriting discount or commission for underwritten 
offerings of common stock by companies comparable to the Issuer multiplied by the total 
number of shares of Common Stock sold pursuant to the Shelf Registration (regardless of 
whether any underwriting discount or commission is actually paid).  At its election, Seller may 
by written notice to the Issuer retain a number of Stock Settlement Shares delivered by the 
Issuer pursuant to this paragraph 3(c); provided that, if Seller so elects, Seller shall be deemed 
to have sold each such retained Stock Settlement Share and received net proceeds therefor 
equal to the net proceeds received by Seller for the last Stock Settlement Share sold by Seller 
prior to sending written notice of its intention to retain Stock Settlement Shares to the Issuer or, 
if no Stock Settlement Shares are sold by Seller prior to sending such notice, Seller shall be 
deemed to have received net proceeds per share therefor equal to the Closing Price on the last 
Trading Day of the Execution Period (it being understood that Seller shall be under no 
obligation to exercise its right to retain any Stock Settlement Shares). 
(d)  Notwithstanding any other provision in this Agreement, if the Issuer 
exercises its right pursuant to Section 3(c) above, the Issuer shall not be obliged to deliver, in 
connection with this Agreement, in excess of 30,000,000 shares of Common Stock, as 
recalculated from time to time (the "Determined Amount").  In the event that, but for this 
Section 3, the Issuer would be obliged to deliver a number of shares of Common Stock equal to 
the Determined Amount plus the Excess Shares, the Issuer agrees to (x) satisfy its remaining 
obligation by cash payment; or (y) (i) use its reasonable best efforts to increase its number of 
authorized shares, in which event the Determined Amount shall be increased by an equal 
number, to the extent necessary so that, but for this Section 3, the number of shares of Common 
Stock the Issuer would be obliged to deliver does not exceed the (recalculated) Determined 
Amount and (ii) allocate such newly authorized shares of Common Stock in satisfaction of the 
Issuer's delivery obligations under this Agreement in priority to any other use of such Common 
Stock.  For the avoidance of doubt, the obligation of the Issuer to so use its reasonable best 
efforts is an ongoing obligation.
(e)  The Issuer hereby represents and warrants that it:
        
(i)  has calculated the Determined Amount based on the maximum 
amount able to be calculated in accordance with EITF 00-19 or any 
successor financial statement guidance; and
(ii)  will, in respect of all equity derivative transactions in respect of 
which the Issuer's equity securities constitute (all or part of) the 
instruments underlying such transactions (the "Derivative Trades"), 
use the same methodology to derive the Determined Amount 
(howsoever described) applicable to each Derivative Trade as is used 
to derive the Determined Amount for this Agreement.
(f)  Seller agrees that, in respect of any obligations the Issuer has duly elected be 
satisfied pursuant to Section 3(c) above, in the event of the Issuer's bankruptcy, Seller shall not 
have rights in bankruptcy that rank senior to the rights in bankruptcy of common shareholders 
of the Issuer.
(g)  If the Issuer has used its best efforts to satisfy the Conditions to Net Share 
Settlement but has been unable to do so (the date the Calculation Agent determines that the 
Conditions to Net Share Settlement could not be satisfied, the "Private Placement Start Date"), 
then the Issuer may elect, in lieu of paying cash as provided in Section 3(c), by notice (the 
"Private Placement Notice") to Seller on or prior to the Private Placement Start Date or within 
3 Trading Days thereafter, that:
(i)  the Issuer shall withdraw any registration statement filed with the 
SEC in connection with the Registered Shares, and
(ii)  the Issuer will enter into a private placement purchase agreement 
with Seller in form and substance acceptable to Seller no later than 
the next Trading Day following the date of delivery of the Private 
Placement Notice, which agreement will contain, among other 
things, customary representations and warranties and indemnification 
and other rights, including rights to customary opinions of counsel 
and accountant's "comfort letters", and 
(iii)  the Issuer shall deliver to Seller the applicable Stock Settlement 
Shares on the third Trading Day following the entry into the private 
placement purchase agreement described in (ii) above, and
(iv)  the provisions of paragraphs 3(c) through (f) shall apply mutatis 
mutandis, to the extent applicable, to the private placement 
contemplated by this paragraph (g) (including, for the avoidance of 
doubt, the make-whole and refund provision as well as the right to 
deduct customary commissions and fees set forth in paragraph 3(c)), 
and
(v)  the Issuer shall afford to Seller and any potential purchaser 
indentified by Seller a commercially reasonable opportunity to 
conduct a due diligence investigation with respect to the Issuer 
customary in scope for such sales (it being understood that the 
outcome of such investigation will not affect the Issuer's ability to 
consummate the private placement described above).
(h)  If Seller is required to pay the Settlement Amount to the Issuer pursuant to 
paragraph (b) of this Section, the Issuer may, at its option, elect that Seller satisfy the obligation 
by the delivery to the Issuer of a number of the Stock Settlement Shares (and a payment of cash 
in lieu of fractional shares, if any).  In order to exercise this option, the Issuer must notify Seller 
of its election to have any Settlement Amount payable in shares of Common Stock no later than 
8:00 p.m. New York time on the Stock Election Date.  If the condition in the preceding 
sentence is not met, the provisions of this paragraph (h) shall be inoperative and Seller shall be 
obligated to pay any applicable Settlement Amount by wire transfer of immediately available 
funds.  If the Issuer complies with all of its obligations under this paragraph (h), then at or 
about 9:30 a.m. on the third Trading Day following the date on which Seller completes its 
purchases of Stock Settlement Shares (the period during which such purchases are executed, the 
"Valuation Period"), Seller shall deliver to the Issuer (i) the Stock Settlement Shares through 
the facilities of the Depository Trust Company, and (ii) the cash payment, if any, in lieu of 
fractional shares by wire transfer of immediately available funds.  The parties understand and 
agree that the deliveries made pursuant to the preceding sentence shall be irrevocable and shall 
satisfy in full Seller's obligations under this Section 3. Seller agrees (i) to effect any purchase of 
Stock Settlement Shares pursuant to this Section 3(h) in a manner that would, if Seller were the 
issuer or an affiliated purchaser of the Issuer, be subject to the safe harbor provided by Rule 
10b-18, and (ii) to complete the purchases of Stock Settlement Shares as promptly as 
commercially reasonable in light of market conditions and regulatory considerations without 
exceeding 75% of available Rule 10b-18 volume in the Common Stock on any Trading Day.

Section 4.  Anti-dilution Adjustments.
(a)  Subdivisions and Combinations of Common Stock.  In the event that the 
outstanding shares of the Common Stock shall be subdivided or split into a greater number of 
shares of Common Stock where the effective date of such subdivision or the record date for 
such split occurs during the Execution Period, the Number of Shares shall be proportionately 
increased and each of (x) the Reported VWAP (as used in determining the Final Price) for all 
Trading Days in the Execution Period preceding such effective date and (y) the Discount shall 
be proportionately decreased; conversely, in case outstanding shares of Common Stock shall 
each be combined into a smaller number of shares of Common Stock through a combination of 
shares of Common Stock or a reverse stock split where the effective date of such combination 
or the record date for such reverse stock split occurs during the Execution Period, the Number 
of Shares shall be proportionately decreased and (x) the Reported VWAP (as used in 
determining the Final Price) for all Trading Days in the Execution Period preceding such 
effective date and (y) the Discount shall be proportionately increased. Any adjustment pursuant 
to this paragraph (a) shall become effective (i) in the case of a subdivision or combination of 
the Common Stock, at the close of business on the effective date for such subdivision or 
combination or (ii) in the case of a stock split or reverse stock split, at the close of business on 
the record date for such stock split or reverse stock split.
(b)  Corporate Events.  In the event of any corporate event involving the Issuer 
or the Common Stock other than those addressed in paragraph 4(a) above or Bankruptcy 
(including, without limitation, a stock dividend, Merger Event, Tender Offer, rights offering, 
recapitalization, spin-off or issuance of any securities convertible or exchangeable into shares 
of Common Stock), or the announcement of any such corporate event, the terms of the 
transaction (including, without limitation, the Last Possible Last Averaging Date, any Reported 
VWAP and the Principal Account) described herein shall be subject to adjustment by the 
Calculation Agent as in the exercise of its good faith judgment it deems appropriate under the 
circumstances.  If payment is required of the Issuer in connection with such a corporate event, 
the Issuer shall have the right, in its sole discretion, to elect (the "Extraordinary Transaction 
Election") to satisfy any such payment obligation by Net Share Settlement of this Transaction, 
in which case the provisions of Sections 3(c) through (g) shall apply mutatis mutandis; 
provided that, in connection with a "Share-for-Combined" Merger Event or "Share-for-Other" 
Merger Event, the Extraordinary Transaction Election is available to satisfy only the percentage 
of such payment obligation equal to the percentage that the non-cash consideration represents 
of the total Combined Consideration (in the case of a "Share-for-Combined" Merger Event) or 
total Other Consideration (in the case of a "Share-for-Other" Merger Event).  The remaining 
percentage of such payment obligation must be satisfied in cash.  The Issuer shall make any 
election to settle the Transaction by way of Net Share Settlement within two Trading Days of 
the Announcement Date but in any event not less than twenty Trading Days prior to the 
effective date of such corporate event.

Section 5.  Acknowledgements and Securities Law Matters.
(a)        The Issuer acknowledges and agrees that:
(i)        It is not relying, and has not relied, upon Seller with respect to the 
legal, accounting, tax or other implications of this Agreement and 
that it has conducted its own analysis of the legal, accounting, tax 
and other implications of this Agreement.
(ii)        Seller has not acted as its advisor in any capacity in connection 
with this Agreement or the transactions contemplated by this 
Agreement. 
(iii)        Seller is not acting as the agent for the Issuer in effecting any 
purchase of Common Stock pursuant to this Agreement.
The Issuer further acknowledges that:
(iv)        Seller and its affiliates, subject to compliance with applicable 
law, may from time to time effect transactions, for their own 
account or the account of customers, and hold positions, in 
securities or options on securities of the Issuer and that Seller and 
its affiliates may continue to conduct such transactions during the 
Execution Period.
(v)        The Issuer shall have no role in the determination as to whether, 
when or in what manner any hedging or market activities by 
Seller or its affiliates in the Issuer's securities shall be conducted 
and Seller shall do so in a manner that it deems appropriate to 
hedge its price and market risk with respect to the Final Price and 
Reported VWAP.
(vi)        Any market activies of Seller and its affiliates with respect to the 
Common Stock may affect the market price and volatility of the 
Common Stock, as well as the Final Price and Reported VWAP, 
each in a manner that may be adverse to the Issuer.
(b)        The Shares may be sold short to the Issuer.  It is understood that during 
the Execution Period Seller may purchase shares of Common Stock in connection with this 
Agreement, which shares may be used to cover all or a portion of such short sale and, if the 
Settlement Amount is greater than zero and the Issuer makes the election described in Section 
3(h), during the Valuation Period Seller will purchase shares of Common Stock to fulfill its 
obligations to deliver Stock Settlement Shares to the Issuer pursuant to Section 3(h).  Such 
purchases will be conducted independently of the Issuer.  The timing of such purchases by 
Seller, the number of shares purchased by Seller on any day, the price paid per share of 
Common Stock pursuant to such purchases and the manner in which such purchases are made, 
including without limitation whether such purchases are made on any securities exchange or 
privately, shall be within the absolute discretion of Seller.  It is the intent of the parties that this 
transaction comply with the requirements of Rule 10b5-1(c)(1)(i)(B), and the parties agree that 
this Agreement shall be interpreted to comply with the requirements of Rule 10b5-1(c).  
Without limiting the generality of the preceding sentence, the Issuer acknowledges and agrees 
that (A) the Issuer does not have, and shall not attempt to exercise, any influence over how, 
when or whether Seller effects any purchases of Common Stock in connection with this 
Agreement, (B) during the period beginning on (but excluding) the date of this Agreement and 
ending on the later of the last day of the Execution Period and the last day of the Valuation 
Period, if any, neither the Issuer nor its officers or employees shall, directly or indirectly, 
communicate any information regarding the Issuer or the Common Stock to any employee of 
Seller or its affiliates responsible for trading the Common Stock in connection with the 
transactions contemplated hereby, (C) the Issuer is entering into this Agreement in good faith 
and not as part of a plan or scheme to evade compliance with federal securities laws including, 
without limitation, Rule 10b5-1 and (D) the Issuer will not alter or deviate from this Agreement 
or enter into or alter a corresponding hedging transaction with respect to the Common Stock.  
The Issuer also acknowledges and agrees that any amendment, modification, waiver or 
termination of this Agreement must be effected in accordance with the requirements for the 
amendment or termination of a "plan" as defined in Rule 10b5-1(c). 
(c)        The Issuer agrees that neither the Issuer nor any of its affiliates or agents 
shall take any action that would cause Regulation M to be applicable to any purchases of 
Common Stock, or any security for which the Common Stock is a reference security (as defined 
in Regulation M), by the Issuer or any of its affiliated purchasers (as defined in Regulation M) 
during the Execution Period or, the Valuation Period, if any, unless the Issuer has provided 
written notice to Seller of such distribution not later than the Trading Day immediately 
preceding the first day of the relevant "restricted period" (as defined in Regulation M); the 
Issuer acknowledges that Seller has informed it that any such notice is likely to cause a 
Regulatory Disruption.
(d)        The Issuer shall, at least one day prior to the first day of the Execution 
Period, notify the Seller of the total number of shares of Common Stock purchased in Rule 10b-
18 purchases of blocks pursuant to the once-a-week block exception contained in Rule 10b-
18(b)(4) by or for the Issuer or any of its affiliated purchasers during each of the four calendar 
weeks preceding the first day of the Execution Period and during the calendar week in which 
the first day of the Execution Period occurs ("Rule 10b-18 purchase", "blocks" and "affiliated 
purchaser" each being used as defined in Rule 10b-18). 
(e)        From the date hereof through the later of the last day of the Execution 
Period or, if the Settlement Amount is greater than zero, through the last day of the Valuation 
Period, if any, the Issuer shall (i) use reasonable efforts to notify Seller prior to the opening of 
trading in the Common Stock on any day on which the Issuer makes, or expects to be made, any 
public announcement (as defined in Rule 165(f) under the Securities Act) of any merger, 
acquisition, or similar transaction involving a recapitalization relating to the Issuer (other than 
any such transaction in which the consideration consists solely of cash and there is no valuation 
period), (ii) promptly notify the Seller following any such announcement that such 
announcement has been made, and (iii) promptly deliver to the Seller following the making of 
any such announcement a certificate indicating (A) the Issuer's average daily Rule 10b-18 
purchases (as defined in Rule 10b-18) during the three full calendar months preceding the date 
of the announcement of such transaction and (B) the Issuer's block purchases (as defined in 
Rule 10b-18) effected pursuant to paragraph (b)(4) of Rule 10b-18 during the three full calendar 
months preceding the date of the announcement of such transaction.  In addition, the Issuer 
shall promptly notify Seller of the earlier to occur of the completion of such transaction and the 
completion of the vote by target shareholders.  The Issuer acknowledges that any such public 
announcement may cause a Regulatory Disruption to occur.  
(f)        Without the prior written consent of Seller, the Issuer shall not, and shall 
use commercially reasonable efforts to cause its affiliated purchasers (as defined in Rule 10b-
18) not to, directly or indirectly (including, without limitation, by means of a cash-settled or 
other derivative instrument) purchase, offer to purchase, place any bid or limit order that would 
effect a purchase of, or commence any tender offer relating to, any shares of Common Stock (or 
an equivalent interest, including a unit of beneficial interest in a trust or limited partnership or a 
depository share) or any security convertible into or exchangeable for shares of Common Stock 
during the period beginning on and including the Purchase Date and ending on, and including, 
the date all payments or deliveries of shares pursuant to Section 3 above have been made (the 
"Final Settlement Date").  During such time, any purchases of Common Stock (or any security 
convertible into or exchangeable for shares of Common Stock) by the Issuer shall be made 
through Banc of America Securities, LLC, which is an affiliate of Seller, subject to such 
conditions as the Issuer and Seller shall mutually agree upon, and shall be in compliance with 
Rule 10b-18 or otherwise in a manner that the Issuer and the Seller believe is in compliance 
with applicable requirements (including, without limitation, Rule 10b-5, Regulation 13D-G and 
Regulation 14E under the Exchange Act).  

Section 6.  Representations, Warranties and Agreements.
(a)        The Issuer hereby represents and warrants to, and agrees with, Seller 
that:
(i) it has all power and authority to enter into this Agreement and the 
Registration Rights Agreement and the transactions contemplated hereby and thereby;
(ii) this Agreement has been duly authorized, validly executed and 
delivered by the Issuer and constitutes a valid and legally binding obligation of the Issuer 
enforceable in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, 
fraudulent transfer, reorganization, moratorium and similar laws of general applicability 
relating to or affecting creditors' rights and to general equity principles;
(iii) the Registration Rights Agreement, when and if executed and 
delivered pursuant to Section 3(c) hereof, shall have been duly authorized, validly executed and 
delivered by the Issuer and shall constitute a valid and legally binding obligation of the Issuer 
enforceable in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, 
fraudulent transfer, reorganization, moratorium and similar laws of general applicability 
relating to or affecting creditors' rights and to general equity principles;
(iv)  if Stock Settlement Shares are delivered pursuant to Section 3(c) or 
Section 3(g), as the case may be, the Stock Settlement Shares, when delivered to Seller, will 
have been duly authorized and will be duly and validly issued, fully paid and nonassessable and 
free of preemptive and other rights;
(v) the Issuer is not entering into this Agreement to facilitate a 
distribution of the Common Stock (or any security convertible into or exchangeable for 
Common Stock) or in connection with a future issuance of securities (it being understood that 
securities may be issued in connection with a Net Share Settlement);
(vi) the Issuer is not entering into this Agreement to create actual or 
apparent trading activity in the Common Stock (or any security convertible into or exchangable 
for Common Stock) or to raise or depress or otherwise manipulate the price of the Common 
Stock (or any security convertible into or exchangeable for Common Stock);
(vii) the repurchase of the Shares by the Issuer, the compliance by the 
Issuer with all of the provisions of this Agreement and the consummation of the transactions 
herein contemplated will not conflict with or result in a breach (each, a "Breach") of any of the 
terms or provisions of, or constitute a default (each a "Default") under, any indenture, 
mortgage, deed of trust, loan agreement or any other agreement or instrument (collectively, 
"Contracts") to which the Issuer or any of its subsidiaries is a party or by which the Issuer or 
any of its subsidiaries is bound or to which any of the property or assets of the Issuer or any of 
its subsidiaries is subject (except such Breach or Default as would not reasonably be expected 
to materially adversely affect the ability of the Issuer to perform its obligations under this 
Agreement), nor will such action result in any violation of the provisions of the Certificate of 
Incorporation or By-laws of the Issuer, nor will such action result in any violation of any statute 
or any order, rule or regulation of any court or governmental agency or body having jurisdiction 
over the Issuer or any of its properties; 
(viii) no consent, approval, authorization, order, registration or 
qualification of or with any court or governmental agency or body having jurisdiction over the 
Issuer or any of its properties is required for the repurchase of the Shares by the Issuer, the 
compliance by the Issuer with all the terms of this Agreement, or the consummation by the 
Issuer of the transactions contemplated by this Agreement, other than the registration of the 
Stock Settlement Shares and any Make-whole Shares under the Securities Act in accordance 
with the provisions of Section 3(c), and such authorizations, orders, registrations and 
qualifications as may be required under state securities or blue sky laws in connection with the 
resale by Seller of the Registered Shares;
(ix) the Issuer has made, and shall use its best efforts during the 
Execution Period and the Valuation Period (if any) to make, all filings, if any, required to be 
made by it with the Securities and Exchange Commission, any securities exchange or any other 
regulatory body with respect to the transactions contemplated hereby;
(x) as of the date hereof and as of the date, if any, that the Issuer elects to 
transfer any Stock Settlement Shares to Seller or for Seller to transfer any Stock Settlement 
Shares to the Issuer, (i) none of the Issuer and its officers and directors is, or will be, as the case 
may be, aware of any material nonpublic information regarding the Issuer or the Common 
Stock and (ii) all reports and other documents filed by the Issuer with the Securities and 
Exchange Commission pursuant to the Exchange Act when considered as a whole (with the 
more recent such reports and documents), do not or will not, as the case may be, contain any 
untrue statement of a material fact or any omission of a material fact required to be stated 
therein or necessary to make the statements therein, in the light of the circumstances in which 
they were made, not misleading;  
(xi) the Issuer has publicly disclosed on February 7, 2006 its intention to 
institute a program for the acquisition of shares of Common Stock.
(xii) (i) the assets of the Issuer at their fair valuation exceed the liabilities 
of the Issuer, including contingent liabilities, (ii) the capital of the Issuer is adequate to conduct 
the business of the Issuer and (iii) the Issuer has the ability to pay its debts and obligations as 
such debts mature and does not intend to, or does not believe that it will, incur debt beyond its 
ability to pay as such debts mature.
(b)        Seller hereby represents and warrants to the Issuer:
(i) it has all power and authority to enter into this Agreement and the 
Registration Rights Agreement and the transactions contemplated hereby and thereby;
(ii) this Agreement has been duly authorized, validly executed and 
delivered by Seller and constitutes a valid and legally binding obligation of Seller enforceable 
in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, fraudulent 
transfer, reorganization, moratorium and similar laws of general applicability relating to or 
affecting creditors' rights and to general equity principles; 
(iii) the Registration Rights Agreement, when and if executed and 
delivered pursuant to Section 3(c) hereof, shall have been duly authorized, validly executed and 
delivered by Seller and shall constitute a valid and legally binding obligation of Seller 
enforceable in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, 
fraudulent transfer, reorganization, moratorium and similar laws of general applicability 
relating to or affecting creditors' rights and to general equity principles;
(iv) Seller is not entering into this Agreement to facilitate a distribution 
of the Common Stock (or any security convertible into or exchangeable for Common Stock) or 
in connection with a future issuance of securities (it being understood that securities may be 
issued in connection with a Net Share Settlement);
(v) the compliance by Seller with all of the provisions of this Agreement 
and the consummation of the transactions herein contemplated will not conflict with or result in 
a Breach of any of the terms or provisions of, or constitute a Default under, any Contract to 
which Seller or any of its subsidiaries is a party or by which Seller or any of its subsidiaries is 
bound or to which any of the property or assets of Seller or any of its subsidiaries is subject 
(except such Breach or Default as would not reasonably be expected to materially adversely 
affect the ability of Seller to perform its obligations under this Agreement), nor will such action 
result in any violation of the provisions of the Certificate of Incorporation or By-laws or similar 
organizational documents of Seller, nor will such action result in any violation of any statute or 
any order, rule or regulation of any court or governmental agency or body having jurisdiction 
over Seller or any of its properties; and
(vi) no consent, approval, authorization, order, registration or 
qualification of or with any court or governmental agency or body having jurisdiction over 
Seller or any of its properties is required for the compliance by Seller with all the terms of this 
Agreement, or the consummation by Seller of the transactions contemplated by this Agreement.  
Section 7. Indemnification.
In the event that Seller becomes involved in any capacity in any action, 
proceeding or investigation ("Proceeding") brought by or against any person in connection with 
any matter referred to in this Agreement, the Issuer periodically will reimburse Seller for its 
reasonable out-of-pocket legal and other expenses (including the reasonable cost of any 
investigation and preparation) incurred in connection therewith; provided that such expenses 
will be promptly refunded to the Issuer to the extent incurred in connection with a matter as to 
which Seller is not entitled to indemnification under this Section 7.  The Issuer also will 
indemnify and hold Seller harmless against any losses, claims, damages or liabilities to which 
Seller may become subject in connection with any matter referred to in this Agreement, except 
to the extent that any such loss, claim, damage or liability results from the gross negligence, bad 
faith or willful misconduct of Seller  If for any reason the foregoing indemnification is 
unavailable to Seller or insufficient to hold it harmless, then the Issuer shall contribute to the 
amount paid or payable by Seller as a result of such loss, claim, damage or liability in such 
proportion as is appropriate to reflect not only the relative benefits received by the Issuer, on the 
one hand, and Seller, on the other hand, in the matters contemplated by this Agreement but also 
the relative fault of the Issuer and Seller with respect to such loss, claim, damage or liability 
and any other relevant equitable considerations.  The relative benefits to the Issuer, on the one 
hand, and Seller, on the other hand, shall be in the same proportion as the Purchase Price bears 
to the commissions received by Seller pursuant to the last paragraph of Section 2.  The 
reimbursement, indemnity and contribution obligations of the Issuer under this Section 7 shall 
be in addition to any liability which the Issuer may otherwise have, shall extend upon the same 
terms and conditions to any affiliate of Seller and the partners, directors, officers, agents, 
employees and controlling persons (if any), as the case may be, of Seller and any such affiliate 
and shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal 
representatives of the Issuer, Seller, any such affiliate and any such person.  The Issuer also 
agrees that Seller nor any of such affiliates, partners, directors, officers, agents, employees or 
controlling persons shall have any liability to the Issuer for or in connection with any matter 
referred to in this Agreement except to the extent that any losses, claims, damages, liabilities or 
expenses incurred by the Issuer result from the gross negligence, bad faith or willful 
misconduct of Seller in effecting the transactions that are the subject of this Agreement.  The 
foregoing provisions shall survive any termination or completion of this Agreement.  Seller 
promptly will notify the Issuer upon receipt of actual notice of a Proceeding with respect to 
which indemnity or reimbursement of expenses is sought hereunder.  The Issuer may, at its 
option, assume the defense of any such Proceeding, including the employment of counsel 
reasonably satisfactory to Seller.  Seller shall have the right to employ separate counsel in any 
such Proceeding and to participate in the defense thereof, but the fees and expenses of such 
counsel shall be at the expense of Seller, unless (i) the Issuer shall have failed in a timely 
manner to assume the defense thereof and employ counsel as provided above or (ii) the named 
parties to any such Proceeding include Seller and the Issuer and Seller shall have been advised 
in writing by counsel that there may be one or more legal defenses available to it that are 
different from or in addition to those available to the Issuer, provided that the Issuer shall not in 
any event be responsible hereunder for the fees and expenses of more than one firm of separate 
counsel in connection with any Proceeding.  Seller will not settle any Proceeding in respect of 
which indemnity or reimbursement of expenses may be sought hereunder, whether or not the 
Issuer is an actual or potential party to such Proceeding, without the Issuer's prior written 
consent. 
Section 8.  Termination Event.
Upon the occurrence of a Termination Event and so long as such Termination 
Event shall be continuing, Seller may, in its discretion, by notice to the Issuer, direct that the 
Execution Period shall forthwith terminate on the date specified in such notice (the 
"Termination Event Termination Date").  In such an event, (i) the Execution Period shall 
terminate on the Termination Event Termination Date, (ii) the Principal Account shall be 
reduced on a date selected by Seller in good faith (the "Termination Calculation Date") by an 
amount equal to the sum of (A) the product of (x) the number of Hedge Account Shares and 
(y) the Final Price and (B) the total purchase price paid for purchases of shares of Common 
Stock, or, at Seller's sole discretion, Seller's reasonable estimate (a schedule showing the 
determination of which, in reasonable detail, will be provided to Issuer promptly upon request) 
of the cost for such purchases, in order to cover the remaining number of Borrowed Shares, (iii) 
the Principal Account shall be increased to reflect an appropriate accrual of interest at the 
Federal Funds Open Rate, as reasonably determined in good faith by the Calculation Agent, to 
reflect interest earned by Seller in respect of the Purchase Price received from the Issuer,  (iv) 
the Principal Account shall be decreased to reflect Seller's actual cost of borrowing shares, as 
reasonably determined in good faith by the Calculation Agent, of Common Stock to hedge its 
obligations hereunder and (v) the Settlement Amount shall be further adjusted by the amount 
that the Calculation Agent reasonably determines in good faith to be the Seller's total losses and 
costs in connection with the early termination of this Agreement, including any loss of bargain, 
cost of funding, or loss or cost incurred as a result of its terminating, liquidating, obtaining or 
reestablishing any hedge or related trading position.  

Section 9.  Miscellaneous.
(a)        Severability.  If any term, provision, covenant or restriction of this 
Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the 
remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in 
full force and effect and shall in no way be affected, impaired or invalidated.
(b)        Assignment; Designation.  Neither the rights under this Agreement nor 
the obligations created by this Agreement shall be assignable or delegable, in whole or in part, 
by either party hereto without the prior written consent of the other party (which consent shall 
not be unreasonably withheld), and any attempt to assign or delegate any rights or obligations 
arising under this Agreement without such consent shall be void.  Notwithstanding the 
foregoing, the Seller may designate any of its affiliates (the "Designee") to deliver or take 
delivery, as the case may be, and otherwise perform its obligations to deliver or take delivery 
of, as the case may be, any shares of Common Stock in respect of the transactions contemplated 
by this LetterAgreement, and the Designee may assume such obligations and the obligations of 
the Seller under this Letter Agreement with respect to such shares of Common Stock.  Such 
designation shall not relieve the Seller of any of its obligations hereunder.  Notwithstanding the 
previous sentence, if the Designee shall have performed the obligations of the Seller hereunder, 
then the Seller shall be discharged of its obligations to the Issuer to the extent of such 
performance.  In addition, the parties acknowledge and agree that every time that the Seller is 
described in the Letter Agreement as buying, selling or otherwise transacting with third parties 
in the Common Stock, such buying, selling or transacting may be conducted by the Seller or 
one or more of its affiliates.
(c)        Waivers, etc.  No failure or delay on the part of either party in exercising 
any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial 
exercise of any such right or power, or any abandonment or discontinuance of steps to enforce 
such a right or power, preclude any other or further exercise thereof or the exercise of any other 
right or power.  No amendment, modification or waiver of any provision of this Agreement nor 
consent to any departure by either party therefrom shall in any event be effective unless the 
same shall be in writing and, in the case of a waiver or consent, shall be effective only in the 
specific instance and for the purpose for which given.
(d)        Beneficiaries.  This Agreement shall be binding upon, and inure solely to 
the benefit of, the Issuer, Seller and, to the extent provided in Section 7 hereof, the affiliates, 
partners, directors, officers, agents, employees and controlling persons, if any, of Seller, and 
their respective successors, assigns, heirs and personal representatives, and no other person 
shall acquire any rights hereunder.  
(e)        Changes of Law.  If, due to any change in applicable law or regulations 
or the interpretation thereof by any court of law or other body having jurisdiction subsequent to 
the date of this Agreement, performance of any provision of this Agreement or any transaction 
contemplated thereby shall become impracticable or impossible, the parties hereto shall use 
their reasonable best efforts to find and employ an alternative means to achieve the same or 
substantially the same result as contemplated by such provision.
(f)        Confidentiality.  Subject to any contrary requirement of law and to the 
right of each party to enforce its rights hereunder in any legal action, each party shall keep 
strictly confidential and shall cause its employees and agents to keep strictly confidential the 
terms of this Agreement and any information of or concerning the other party which it or any of 
its agents or employees may acquire pursuant to, or in the course of performing its obligations 
under, any provision of this Agreement.  In the event disclosure is permitted pursuant to the 
preceding sentence, the disclosing party shall (i) provide prior notice of such disclosure to the 
other party, (ii) use its best efforts to minimize the extent of such disclosure and (iii) comply 
with all reasonable requests of the other party to minimize the extent of such disclosure.  This 
Section 9(f) shall not prevent either party from disclosing information as necessary to third-
party advisors in connection with the transactions contemplated hereby provided that such 
advisors agree to be bound by this Section 9(f) as if a party hereto.  Seller hereby consents to 
the issuance of a press release by the Issuer announcing its entry into this Agreement and the 
filing with the SEC of a copy of this Agreement.
(g)        Headings.  Descriptive headings herein are for convenience only and 
shall not control or affect the meaning or construction of any provision of this Agreement.
(h)        Counterparts.  This Agreement may be executed by the parties hereto in 
counterparts, and each such executed counterpart shall be, and shall be deemed to be, an 
original instrument and all such counterparts, taken together, shall constitute one and the same 
instrument.
(i)        Notices.  All notices, consents, requests, instructions, approvals and 
other communications provided for herein shall be validly given, made or served if in writing 
and delivered personally, by telegram, by telecopy or sent by overnight courier, postage prepaid, 
to:
Seller at:  
Bank of America, N.A.
c/o Banc of America Securities LLC
9 West 57th Street, 40th Floor
New York, NY  10019
Attention:        John Servidio
Telephone:        212-847-6527
Facsimile:        212-230-8610

the Issuer at:
Rockwell Collins, Inc.
400 Collins Road, N.E.
Cedar Rapids, IA  52498
Attention of:        Douglas E. Stenske
Fax Number:        319-295-0020
 
With a copy to such address to the attention of:
Gary R. Chadick, Esq.
Fax Number:  319-295-3599
or to such other address as any party may, from time to time, designate in a written notice given 
in a like manner.  Notice given by telegram or telecopy shall be deemed delivered when 
evidence of the transmission is received by the sender and shall be confirmed in writing by 
overnight courier, postage prepaid.  Notice given by overnight courier as set out above shall be 
deemed delivered the business day after the date the same is mailed.
(j)        Account Details.
Seller:
Cash Payments for Stock Purchase
Bank of America NA
Bank Routing: 026-009-593
Account Name: Banc of America Securities LLC
Account No. [                    ]
FFC: 510-00286
Acct: Rockwell Collins, Inc.
Cash Payments for Settlement
Bank of America, N.A.
New York, NY
SWIFT: BOFAUS3N
Bank Routing: 026-009-593
Account Name: Bank of America
Account No. : [                  ]
Issuer: 
To be provided upon request.
(l)        Governing Law.  This Agreement shall be governed by and construed 
and enforced in accordance with the laws of the State of New York without reference to 
conflict of law principles.  Each party hereto irrevocably submits to the extent permitted under 
applicable law to the non-exclusive jurisdiction of the federal and state courts located in the 
Borough of Manhattan, State of New York.  Each party waives, to the fullest extent permitted 
by applicable law, any right it may have to a trial by jury in respect of any suit, action or 
proceeding relating to this Agreement.
IN WITNESS WHEREOF, Seller and the Issuer have caused this Agreement to 
be duly authorized, executed and delivered as of the date first written above.

BANK OF AMERICA, N.A.

By:__/s/ Eric P. Hambleton____________
        Name:  Eric P. Hambleton
        Title:  Authorized Signatory

ROCKWELL COLLINS, INC.
By:__/s/ Douglas E. Stenske__________
        Name: Douglas E. Stenske
        Title: TreasurerExhibit 10.24

    
      
        

      

    

    
Exhibit
      10.24

    EMPLOYMENT
      AGREEMENT

    

    THIS
      AGREEMENT is made as of the 21st day of September, 2006, by and among AB&T
      National Bank (the “Bank”), a national bank; COMMUNITY CAPITAL BANCSHARES, INC.,
      a bank holding company incorporated under the laws of the State of Georgia
      (the
“Company”) (collectively, the Bank and the Company are referred to hereafter as
      the “Employer”), and KEITH G. BECKHAM, a resident of the State of Alabama (the
“Employee”).

    

    RECITALS:

    

    WHEREAS,
      the
      Employer desires to employ the Employee as President and Chief Executive Officer
      of the Bank; and

    

    WHEREAS,
      the
      Employee desires to accept employment as President and Chief Executive Officer
      of the Bank;

    

    NOW
      THEREFORE, in
      consideration of the mutual agreements hereinafter set forth, the parties hereby
      agree as follows:

     

    1.    Definitions.
      Whenever
      used in this Agreement, the following terms and their variant forms shall have
      the meaning set forth below:

    
 

    1.1    “Affiliate”
      shall
      mean any business entity which controls the Company, is controlled by or is
      under common control with the Company.

    

    1.2    “Agreement”
      shall
      mean this Agreement and any exhibits incorporated herein together with any
      amendments hereto made in the manner described in this Agreement.

    

    1.3    “Area”
      shall
      mean the geographic area within the boundaries of Houston and Lee Counties,
      Alabama. It is the express intent of the Parties that the Area as defined herein
      is the area where the Employee performs services on behalf of the Employer
      under
      this Agreement.

    

    1.4    “Business
      of the Employer”
      shall
      mean the business conducted by the Employer, which is commercial
      banking.

    

    1.5    “Cause”
      shall
      mean:

    

    1.5.1 With
      respect to termination by the Employer:

    

    (a) A
      material breach of the terms of this Agreement by the Employee, including,
      without limitation, failure by the Employee to perform his duties and
      responsibilities in the manner and to the extent required under this Agreement,
      which remains uncured after the expiration of thirty (30) days following the
      delivery of written notice of such breach to the Employee by the President
      of
      the Company;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (b) Conduct
      by the Employee that amounts to fraud, dishonesty or willful misconduct in
      the
      performance of his duties and responsibilities hereunder;

    

    (c) The
      conviction of the Employee of a felony;

    

    (d) Conduct
      by the Employee that amounts to gross and willful insubordination or inattention
      to his duties and responsibilities hereunder; or

    

    (e) The
      receipt of any form of notice, written or otherwise, that any regulatory agency
      having jurisdiction over the Employer intends to institute any form of formal
      or
      informal regulatory action against the Employee or the Employer, provided that
      the Board of Directors of either the Company or the Bank determines in good
      faith that such action involves acts or omissions by or under the supervision
      of
      the Employee or that termination of the Employee could materially assist the
      Employer in avoiding or reducing the restrictions or adverse effects to the
      Employer related to the regulatory action.

    

    1.5.2 With
      respect to termination by the Employee, a material diminution in the powers,
      responsibilities or duties of the Employee hereunder or a material breach of
      the
      terms of this Agreement by the Employer, which remains uncured after the
      expiration of thirty (30) days following the delivery of written notice of
      such
      breach to the Employer by the Employee.

    

    1.6    “Change
      in Control”
      means
      any one of the following events:

    

    (a) the
      acquisition by any person or persons acting in concert of the then outstanding
      voting securities of either the Bank or the Company, if, after the transaction,
      the acquiring person (or persons) owns, controls or holds with power to vote
      fifty percent (50%) or more of any class of voting securities of either the
      Bank
      or the Company, as the case may be, or such other transaction as may be
      described under 12 C.F.R. Section 225.41(c)(1) or any successor
      thereto;

    

    (b) within
      any twelve-month period (beginning on or after the Effective Date) the persons
      who were directors of the Company immediately before the beginning of such
      twelve-month period (the “Incumbent Directors”) shall cease to constitute at
      least a majority of such board of directors; provided that any director who
      was
      not a director as of the Effective Date shall be deemed to be an Incumbent
      Director if that director was elected to such board of directors by, or on
      the
      recommendation of or with the approval of, at least two-thirds of the directors
      who then qualified as Incumbent Directors; and provided further that no director
      whose initial assumption of office is in connection with an actual or threatened
      election contest relating to the election of directors shall be deemed to be
      an
      Incumbent Director;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (c) the
      approval by the stockholders of the Company or a reorganization, merger or
      consolidation, with respect to which persons who were the stockholders of the
      Company immediately prior to such reorganization, merger or consolidation do
      not, immediately thereafter, own more than fifty percent (50%) of the combined
      voting power entitled to vote in the election of directors of the reorganized,
      merged or consolidated company’s then outstanding voting securities;
      or

    

    (d) the
      sale,
      transfer or assignment of all or substantially all of the assets of the Company
      and its subsidiaries to any third party.

    

    1.7   “Confidentiality”
      means
      data and information relating to the business of the Employer (which does not
      rise to the status of a Trade Secret) which is or has been disclosed to the
      Employee or of which the Employee became aware as a consequence of or through
      the Employee’s relationship to the Employer and which has value to the Employer
      and is not generally known to its competitors. Confidential Information shall
      not include any data or information that has been voluntarily disclosed to
      the
      public by the Employer (except where such public disclosure has been made by
      the
      Employee without authorization) or that has been independently developed and
      disclosed by others, or that otherwise enters the public domain through lawful
      means.

    

    1.8   “Effective
      Date”
      shall
      mean January 1, 2006.

    

    1.9   “Employer
      Information”
      means
      Confidential Information and Trade Secrets. 

    

    1.10       
      “Initial
      Term”
      shall
      mean that period of time commencing on the Effective Date and running until
      the
      earlier of the close of business on the last business day immediately preceding
      the first anniversary of the Effective Date or any termination of employment
      of
      the Employee under this Agreement as provided for in Section 3.

    

    1.11       
      “Permanent
      Disability”
      shall
      mean the total inability of the Employee to perform his duties under this
      Agreement for the duration of the short-term disability period under the
      Employer’s policy then in effect as certified by a physician chosen by the
      Employer and reasonably acceptable to the Employee.

    

    1.12        
      “Term”
      shall
      mean the Initial Term and all subsequent renewal periods.

    

    1.13       
      “Trade
      Secrets”
      means
      Employer information including, but not limited to, technical or nontechnical
      data, formulas, patterns, compilations, programs, devices, methods, techniques,
      drawings, processes, financial data, financial plans, product plans or lists
      of
      actual or potential customers or suppliers which (a) derives economic value,
      actual or potential, from not being generally known to, and not being readily
      ascertainable by proper means by, other persons who can obtain economic value
      from its disclosure or use; and (b) is the subject of efforts that are
      reasonable under the circumstances to maintain its secrecy.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      2.    Duties.

    

    

    2.1         
      Position.
      The
      Employee is employed as the President and Chief Executive Officer of the Bank
      and, subject to the direction of the President of the Company, shall perform
      and
      discharge well and faithfully the duties which may be assigned to him from
      time
      to time.

     

    2.2         
      Full-Time
      Status.
      In
      addition to the duties and responsibilities specifically assigned to the
      Employee pursuant to Section 2.1 hereof, the Employee shall: (a) devote
      substantially all of his time, energy and skill during regular business hours
      to
      the performance of the duties of his employment (reasonable vacations and
      reasonable absences due to illness excepted) and faithfully and industriously
      perform such duties; (b) diligently follow and implement all management policies
      and decisions communicated to him by the President or Board of Directors of
      the
      Company; and (c) timely prepare and forward to the President or Board of
      Directors of the Company all reports and accounting as may be requested of
      the
      Employee.

     

    2.3         
      Permitted
      Activities.
      The
      Employee shall devote his entire business time, attention and energies to the
      Business of the Employer and shall not during the Term be engaged (whether
      or
      not during normal business hours) in any other business or professional
      activity, whether or not such activity is pursued for gain, profit or other
      pecuniary advantage; but this shall not be construed as preventing the Employee
      from (a) investing his personal assets in businesses which (subject to clause
      (b) below) are not in competition with the Business of the Employer and which
      will not require any services on the part of the Employee in their operation
      or
      affairs and in which his participation is solely that of an investor, (b)
      purchasing securities in any corporation whose securities are regularly traded
      provided that such purchase shall not result in him collectively owning
      beneficially at any time five percent (5%) or more of the equity securities
      of
      any business in competition with the Business of the Employer; and (c)
      participating in civic and professional affairs and organizations and
      conferences, preparing or publishing papers or books or teaching so long as
      the
      Board of Directors of the Company approves of such activities prior to the
      Employee’s engaging in them.

    

    3.    Term
      and Termination.

    

    3.1         
      Term.
      The
      first term of this Agreement begins on the 1st day of January 2006 and ends
      on
      the 31st day of December 2006, and shall be extended for additional terms of
      one
      year each unless cancelled by either party as of the end of the first term
      or
      any additional term upon not less than thirty (30) days notice prior to the
      end
      of any such term. Should the Employer exercise its option not to renew this
      Agreement, the Employer’s obligation to the Employee shall be controlled by
      Section 3.2 of this Agreement.

     

    3.2         
      Termination.
      During
      the Term, the employment of the Employee under this Agreement may be terminated
      only as follows:

    

    3.2.1 By
      the
      Employer:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (a) For
      Cause, upon written notice to the Employee pursuant to Section 1.5.1 hereof,
      in
      which event the Employer shall have no further obligation to the Employee except
      for the payment of any amounts earned and unpaid under Section 4 on the
      effective date of termination;

    

    (b) Without
      Cause at any time, provided that the Employer shall give the Employee thirty
      (30) days’ prior written notice of its intent to terminate, in which event the
      Employer shall be required to continue to meet its obligations to the Employee
      under Sections 4.1 and 4.2 for a period equal to twelve (12) months following
      the effective date of termination and under Section 4.4 to the extent provided
      in that Section; or

    

    (c) Upon
      the
      Permanent Disability of Employee at any time, provided that the Employer shall
      give the Employee thirty (30) days’ prior written notice of its intent to
      terminate, in which event the Employer shall be required to continue to meet
      its
      obligations to the Employee under Sections 4.1 and 4.2 for the period of six
      (6)
      months following the effective date of termination

    

    3.2.2 By
      the
      Employee:

    

    (a) For
      Cause, provided that the Employee shall give the Employer sixty (60) days’ prior
      written notice of his intent to terminate, in which event the Employer shall
      be
      required to continue to meet its obligations to the Employee under Section
      4.1
      and 4.2 for a period equal to twelve (12) months following the effective date
      of
      termination and under Section 4.4 to the extent provided in that
      Section;

    

    (b) Without
      Cause, provided that the Employee shall give the Employer sixty (60) days’ prior
      written notice of his intent to terminate, in which event the Employer shall
      have no further obligation to Employee except future payment of any amounts
      earned and unpaid under Section 4 on the effective date of the termination;
      or

    

    (c) Upon
      the
      Permanent Disability of the Employee, in which event the Employer shall be
      required to continue to meet its obligation to the Employee under Sections
      4.1
      and 4.2 for six (6) months following the effective date of
      termination.

    

    3.3         
      If,
      within twelve (12) months prior to or twenty-four (24) months following a Change
      in Control, the Employee terminates his employment for Cause or the Employer
      terminates the Employee’s employment without Cause, the Employer shall be
      required to pay the Employee in cash a lump sum payment in an amount equal
      to
      1.5 times the sum of (a) the average of the Employee’s Base Salary paid over the
      immediately preceding three (3) calendar years or, if less, over the Employee’s
      entire employment history with the Employer and (b) the average of the annual
      Incentive Compensation (as defined below) paid over the immediately preceding
      three (3) calendar years or, if less, over the Employee’s entire employment
      history with the Employer, which shall be paid to the Employee no later than
      ninety (90) days following the effective date of termination. Notwithstanding
      any other provision of this Agreement to the contrary, if the aggregate amount
      provided for in this Agreement and the other payments and benefits which the
      Employee has the right to receive from the Employer (the “Total Amount”) would
      constitute a “parachute payment,” as defined in Section 280G(b)(2) of the
      Internal Revenue Code, the Total Amount shall be reduced so that it does not
      exceed an amount equal to (i) 2.99 multiplied by (ii) the Employee’s “base
      amount” for the “base period,” as such terms are defined under Section 280G of
      the Internal Revenue Code. In the event the Total Amount is reduced by reason
      of
      this Section, the Employee shall be entitled to determine which portion of
      the
      Total Amount is to be reduced so that the Total Amount to be paid to the
      Employee, as so reduced, satisfies the limitation described in the immediately
      preceding sentence. Additionally, Employer shall deliver to Employee lien-free
      title to the vehicle which Employee is operating pursuant to Section 4.5 of
      this
      Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.4         
      Termination
      By Agreement.
      At
      any
      time upon mutual, written agreement of the parties, in which event the Employer
      shall have no further obligation to the Employee except for the payment of
      any
      amounts earned and unpaid under Section 4 on the effective date of termination
      unless otherwise set forth in the written agreement.

    

    3.5         
      Termination
      Due To Death.
      Notwithstanding
      anything in this Agreement to the contrary, the Term shall end automatically
      upon the Employee’s death, in which event the Employer shall be requested to
      continue obligation to the Employee under Sections 4.1 and 4.2 for six (6)
      months following the effective date of termination.

    

    3.6         
      Effect
      of Termination.
      Termination
      of the employment of the Employee pursuant to Section 3 shall be without
      prejudice to any right or claim which may have previously accrued to either
      the
      Employer or the Employee hereunder and shall not terminate, alter, supersede
      or
      otherwise affect the terms and covenants and the rights and duties prescribed
      in
      this Agreement. Upon termination of the Employee’s employment, the Employer
      shall have no further obligation to the Employee or the Employee’s estate,
      except for payment of any amounts earned and unpaid under Section 4 on the
      effective date of termination and any payments set forth in Sections 3.2.1(b)
      or
      (c), Section 3.2.2(a) or (c), Section 3.3 or Section 3.5, as applicable.

    

    4.    Compensation.
      The
      Employee shall receive the following salary and benefits.

    

    4.1         
      Base
      Salary.
      From
      the
      beginning of the initial term of employment, the Employee shall be compensated
      at a base rate of $132,000 annually (the “Base Salary”). The Employee’s Base
      Salary shall be reviewed by the Board of Directors of the Company or its
      designee annually, and shall be adjusted annually thereafter by such amount,
      if
      any, as may be determined by the Board of Directors or its designee in their
      sole discretion. Base Salary shall be payable in accordance with the Employer’s
      normal payroll practices.

    

    4.2         
      Incentive
      Compensation.
      Within
      ninety (90) days following the end of each calendar year of the Employer’s
      operations, the Employer shall pay the Employee a cash bonus, if any, based
      upon
      satisfying criteria established by the Board of Directors or President of the
      Company (in their sole discretion) and communicated to the Employee in writing
      no later than April 1 of that calendar year (the “Incentive
      Compensation”).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    4.3         
      Options. Upon
      execution of this Employment Agreement, Employee shall be granted 2000 options
      for shares of stock in the Company.

    

    4.4         
      Health
      Insurance.
      

    

    (a) The
      Employee shall be entitled to participate in the health insurance plan provided
      by the Employer for its employees. The Employer will pay the full cost of the
      premiums under such plan for health insurance coverage for the
      Employee.

    

    (b) In
      the
      event of (i) termination by the Employee For Cause (Section 3.2.2(a)), or (ii)
      termination by the Employee following a Change of Control (Section 3.3), the
      Employer shall reimburse Employee for the cost of premium payments paid by
      Employee to continue his then existing heath insurance as provided by the
      Employer for a period of six (6) months following the date of termination of
      employment.

    

    (c) In
      the
      event of termination by the Employer Without Cause (Section 3.2.1(b)) or upon
      Permanent Disability (Section 3.2.1(c)), the Employer shall reimburse the
      Employee for the cost of premium payments paid by Employer to continue his
      then
      existing health insurance as provided by the Employer for a period of twelve
      (12) months following the date of termination of employment.

    

    4.5         
      Automobile.
      Beginning
      as of the effective date, the Employer shall provide Employee with an automobile
      to be used by the Employee for business and personal purposes. The make and
      model of the automobile shall be determined by the Employer. The Employer will
      pay expenses associated with the operation, maintenance, repair and insurance
      for the automobile.

    

    4.6         
      Life
      Insurance.
      Employer
      shall pay for term life insurance covering the life of Employee in an amount
      not
      less that two times the Employee’s annual salary. Employer may obtain this term
      life insurance through a health insurance plan or any other method which it
      chooses, so long as the benefit to be paid to the beneficiary of the Employee
      is
      equal to twice the annual salary.

     

    4.7         
      Business
      Expenses: Memberships.
      The
      Employer specifically agrees to reimburse the Employee for (a) reasonable
      business (including travel) expenses incurred by him in the performance of
      his
      duties hereunder, as approved from time to time by the Board of Directors or
      President of the Company, and (b) the dues and business related expenditures,
      including initiation fees, associated with membership in a single country club
      and a single civic association both as selected by the Employee and in
      professional associations which are commensurate with his position; provided,
      however, that the Employee shall, as a condition of reimbursement, submit
      verification of the nature and amount of such expenses in accordance with
      reimbursement policies from time to time adopted by the Employer and in
      sufficient detail to comply with rules and regulations promulgated by the
      Internal Revenue Service.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    4.8         
      Vacation.
      On
      a
      non-cumulative basis the Employee shall be entitled to four (4) weeks of
      vacation in each successive twelve-month period during the Term, during which
      his compensation shall be paid in full. Employee will endeavor to take at least
      two consecutive weeks each year for vacation, the other vacation to be taken
      at
      the time the Employer determines appropriate, taking into account the
      requirements of the Employer.

    

    4.9         
      Benefits.
      In
      addition to the benefits specifically described herein, the Employee shall
      be
      entitled to such benefits as may be available from time to time for executives
      of the Employer similarly situated to the Employee. All such benefits shall
      be
      awarded and administered in accordance with the Employer’s standard policies and
      practices. Such benefits may include, by way of example only, profit sharing
      plans, retirement or investment funds, dental, health, life and disability
      insurance benefits and such other benefits as the Employer deems appropriate.
      The Employer makes no representation to the Employee regarding the taxability
      or
      non-taxability of any benefits provided under Section 4.

    

    4.10      
      Withholding.
      The
      Employer may deduct from each payment of compensation hereunder all amounts
      required to be deducted and withheld in accordance with applicable federal
      and
      state income, FICA and other withholding requirements.

    

    5.    Employer
      Information.

    

    5.1         
      Ownership
      of Information.
      All
      Employer Information received or developed by the Employee while employed by
      the
      Employer will remain the sole and exclusive property of the
      Employer.

    

    5.2         
      Obligation
      of the Employee.
      The
      Employee agrees (a) to hold Employer Information in strictest confidence, and
      (b) not to use, duplicate, reproduce, distribute, disclose or otherwise
      disseminate Employer Information or any physical embodiments thereof and may
      in
      no event take any action causing or fail to take any action necessary in order
      to prevent any Employer Information from losing its character or ceasing to
      qualify as Confidential Information or a Trade Secret. In the event that the
      Employee is required by law to disclose any Employer Information, the Employee
      will not make such disclosure unless (and then only to the extent that) the
      Employee has been advised by independent legal counsel that such disclosure
      is
      required by law and then only after prior written notice is given to the Company
      when the Employee becomes aware that such disclosure has been requested and
      is
      required by law. This Section 5 shall survive for a period of six (6) months
      following termination of this Agreement for any reason with respect to
      Confidential Information, and shall survive termination of this Agreement for
      any reason for so long as is permitted by the then-current Georgia Trade Secrets
      Act of 1990, O.C.G.A. §§ 10-1-760 - 10-1-767, with respect to Trade
      Secrets.

    

    5.3         
      Delivery
      upon Request or Termination.
      Upon
      request by the Employer, and in any event upon termination of his employment
      with the Employer, the Employee will promptly deliver to the Employer all
      property belonging to the Employer, including, without limitation, all Employer
      Information then in his possession or control.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    6.    Non-Competition.
      The
      Employee agrees that during his employment by the Employer hereunder and, in
      the
      event of his termination by the Employer for Cause pursuant to Section 3.2.1(a),
      by the Employee without Cause pursuant to Section 3.2.2(b) or by the Employee
      in
      connection with a Change in Control pursuant to Section 3.3, for a period of
      twelve (12) months thereafter, he will not (except on behalf of or with the
      prior written consent of the Employer), within the Area, either directly or
      indirectly, on his own behalf or in the service or on behalf of others, as
      a
      principal, partner, officer, director, manager, supervisor, administrator,
      consultant, executive employee or in any other capacity which involves duties
      and responsibilities similar to those undertaken for the Employer, or engage
      in
      any business which is the same as or essentially the same as the Business of
      the
      Employer.

    

    7.    Non-Solicitation
      of Customers.
      The
      Employee agrees that during his employment by the Employer hereunder and, in
      the
      event of his termination by the Employer for Cause pursuant to Section 3.2.1(a),
      by the Employee without Cause pursuant to Section 3.2.2(b) or by the Employee
      in
      connection with a Change in Control pursuant to Section 3.3, for a period of
      twelve (12) months thereafter, he will not (except on behalf of or with the
      prior written consent of the Employer), within the Area, on his own behalf
      or in
      the service or on behalf of others, solicit, divert or appropriate or attempt
      to
      solicit, divert or appropriate, directly or by assisting others, any business
      from any of the Employer’s customers, including actively sought prospective
      customers, with whom the Employee has or had material contact during the last
      two (2) years of his employment, for purposes of providing products or services
      that are competitive with those provided by the Employer.

    

    8.    Non-Solicitation
      of Employees. The
      Employee agrees that during his employment by the Employer hereunder and, in
      the
      event of his termination by the Employer for Cause pursuant to Section 3.2.1(a),
      by the Employee without Cause pursuant to Section 3.2.2(b) or by the Employee
      in
      connection with a Change in Control pursuant to Section 3.3, for a period of
      twelve (12) months thereafter, he will not (except on behalf of or with the
      prior written consent of the Employer), within the Area, on his own behalf
      or in
      the service or on behalf of others, solicit, recruit or hire away or attempt
      to
      solicit, recruit or hire away, directly or by assisting others, any employee
      of
      the Employer or its Affiliates, whether or not such employee is a full-time
      employee or a temporary employee of the Employer or its Affiliates and whether
      or not such employment is pursuant to written agreement and whether or not
      such
      employment is for a determined period or is at will.

    

    9.    Remedies.
      The
      Employee agrees that the covenants contained in Sections 5 through 8 of this
      Agreement are of the essence of this Agreement; that each of the covenants
      is
      reasonable and necessary to protect the business, interests and properties
      of
      the Employer; and that irreparable loss and damage will be suffered by the
      Employer should he breach any of the covenants. Therefore, the Employee agrees
      and consents that, in addition to all the remedies provided by law or in equity,
      the Employer shall be entitled to a temporary restraining order and temporary
      and permanent injunctions to prevent a breach or contemplated breach of any
      of
      the covenants. The Employer and the Employee agree that all remedies available
      to the Employer or the Employee, as applicable, shall be
      cumulative.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    10.    Severability.
      The
      parties agree that each of the provisions included in this Agreement is
      separate, distinct and severable from the other provisions of this Agreement
      and
      that the invalidity or unenforceability of any Agreement provision shall not
      affect the validity or enforceability of any other provision of this Agreement.
      Further, if any provision of this Agreement is ruled invalid or unenforceable
      by
      a court of competent jurisdiction because of a conflict between the provision
      and any applicable law or public policy, the provision shall be redrawn to
      make
      the provision consistent with and valid and enforceable under the law or public
      policy.

    

    11.    No
      Set-Off by the Employee.
      The
      existence of any claim, demand, action or cause of action by the Employee
      against the Employer, or any Affiliate or the Employer, whether predicated
      upon
      this Agreement or otherwise, shall not constitute a defense to the enforcement
      by the Employer of any of its rights hereunder.

    

    12.    Notice.
      All
      notices and other communications required or permitted under this Agreement
      shall be in writing and, if mailed by prepaid first-class mail or certified
      mail, return receipt requested, shall be deemed to have been received on the
      earlier of the date shown on the receipt or three (3) business days after the
      postmarked date thereof. In addition, notices hereunder may be delivered by
      hand, facsimile transmission or overnight courier, in which event the notice
      shall be deemed effective when delivered or transmitted. All notices and other
      communications under this Agreement shall be given to the parties hereto at
      the
      following addresses:

    

    (i)    If
      to the
      Employer, to it at:

    

    Chairman,
      Board of Directors

    Community
      Capital Bancshares

    2815
      Meredyth Drive

    Albany,
      GA 31707

    

    

    (ii)    If
      to the
      Employee, to him at:

    

    Keith
      G.
      Beckham

                                                                   
      600 E. County Road # 8

                                                                   
      Ashford,
      AL 36312

    

     

    13.    Assignment.
      Neither
      party hereto may assign or delegate this Agreement or any of its rights and
      obligations hereunder without the written consent of the other party
      hereto.

    

    14.    Waiver.
      A waiver
      by the Employer of any breach of this Agreement by the Employee shall not be
      effective unless in writing, and no waiver shall operate or be construed as
      a
      waiver of the same or another breach on a subsequent occasion.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    15.    Arbitration.
      Any
      controversy or claim arising out of or relating to this contract, or the breach
      thereof, shall be settled by binding arbitration in accordance with the
      Commercial Arbitration Rules of the American Arbitration Association. Judgment
      upon the award rendered by the arbitrator may be entered only in the State
      Court
      of Dougherty County or the federal court for the Middle District of Georgia.
      The
      Employer and the Employee agree to share equally the fees and expenses
      associated with the arbitration proceedings.

    

    16.    Attorneys’
      Fees.
      In the
      event that the parties have complied with this Agreement with respect to
      arbitration of disputes and litigation ensues between the parties concerning
      the
      enforcement of an arbitration award, the Employer shall pay all costs and
      expenses in connection with such litigation until such time as a final
      determination (excluding any appeals) is made with respect to the litigation.
      If
      the Employer prevails in such litigation, the Employer shall be entitled to
      receive from the Employee all reasonable costs and expenses, including without
      limitation attorneys’ fees, incurred by the Employer on behalf of the Employee
      in connection with such litigation, and the Employee shall pay such costs and
      expenses to the Employer promptly upon demand by the Employer.

    

    17.    Applicable
      Law.
      This
      Agreement shall be construed and enforced under and in accordance with the
      laws
      of the State of Georgia.

    

    18.    Interpretation.
      Words
      importing any gender include all genders. Words importing the singular form
      shall include the plural and vice versa. The terms “herein”, “hereunder”,
“hereby”, “hereto”, “hereof” and any similar terms refer to this Agreement. Any
      captions, titles or headings preceding the text of any article, section or
      subsection herein are solely for convenience of reference and shall not
      constitute part of this Agreement or affect its meaning, construction or
      effect.

    

    19.    Entire
      Agreement.
      This
      Agreement embodies the entire and final agreement of the parties on the subject
      matter stated in the Agreement. No amendment or modification of this Agreement
      shall be valid or biding upon the Employer or the Employee unless made in
      writing and signed by both parties. All prior understandings and agreements
      relating to the subject matter of this Agreement are hereby expressly
      terminated.

    

    20.    Rights
      of Third Parties.
      Nothing
      herein expressed is intended to or shall be construed to confer upon or give
      to
      any person, firm or other entity, other than the parties hereto and their
      permitted assigns, any rights or remedies under or by reason of this
      Agreement.

    

    21.    Survival.
      The
      obligations of the Employee pursuant to Sections 5, 6, 7, 8 and 9 shall survive
      the termination of the employment of the Employee hereunder for the period
      designated under each of those respective sections.

    

    22.    Joint
      and Several.
      The
      obligations of the Bank and the Company to Employee hereunder shall be joint
      and
      several.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF,
      the
      Employer and the Employee have executed and delivered this Agreement as of
      the
      date first shown above.

    

    THE
      BANK:

    

    AB&T
      NATIONAL BANK

    

    By:
      /s/
      J.
      C.
      Sorrells                                             
     

    Print
      Name: J.C. Sorrells

    Title:
      Director

    

    THE
      COMPANY:

    

                   
      COMMUNITY
      CAPITAL BANCSHARES, INC.

    

    

    By:
      /s/
      Charles M. Jones,
      III                              
   

    Print
      Name: Charles M. Jones, III

    Title:
      Chairman 

    

    

    THE
      EMPLOYEE:

    

    

    /s/
      Keith G.
      Beckham                                          
    

    KEITH
      G. BECKHAM

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