Document:

EXHIBIT 10.5

                                     FORM OF
                                WARRANT AGREEMENT

     THIS  AGREEMENT is made and entered into as of the ____ day of ___________,
2001  by  and  between  GENERATIONS BANCSHARES, INC., a Georgia corporation (the
"Corporation"),  and  _________________________  (the  "Warrant  Holder").

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

     WHEREAS,  the Warrant Holder has served as an organizer in the formation of
the  Corporation  and  the  formation  and establishment of Generations Bank (In
Organization)  (the "Bank"), the wholly-owned subsidiary of the Corporation; and

     WHEREAS,  the  Warrant  Holder  has  purchased  __________  shares  of  the
Corporation's common stock, $1.00 par value per share (the "Common Stock"), at a
price  of  $10.00  per  share;  and

     WHEREAS,  the  Warrant Holder will provide services to the Corporation as a
director  of  the  Corporation  and  the  Bank;  and

     WHEREAS,  the  Corporation, in recognition of the financial risk undertaken
by the Warrant Holder in organizing the Bank and the Corporation and in order to
encourage the Warrant Holder's continued involvement in the successful operation
of  the  Corporation  and  the  Bank, desires to issue to the Warrant Holder the
right  to  acquire  additional  shares  of  the  Corporation's  Common  Stock.

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

     1.     Grant  of  Warrant.  Subject to the terms, restrictions, limitations
            ------------------
and  conditions  stated  in this Agreement, the Corporation hereby grants to the
Warrant  Holder  the  right  (the  "Warrant")  to purchase all or any part of an
aggregate  of _____________ shares of the Common Stock, subject to adjustment in
accordance  with  Section  7  of  this  Agreement.

     2.     Term;  Vesting;  Exercise.  The term for the exercise of the Warrant
            -------------------------
begins at 9:00 a.m., Eastern Time, on the first anniversary of the date that the
Corporation  first  issues  its common stock (the "Issue Date") and ends at 5:00
p.m.,  Eastern  Time,  on  the  tenth  anniversary  of  the  issuance  date (the
"Expiration  Time").  The Warrant will vest in annual one-third (1/3) increments
over  a  period  of three years, beginning on the first anniversary of the Issue
Date.  The vested portion of the Warrant may be exercised in whole, or from time
to  time  in  part,  at  any  time  prior  to  the  Expiration  Time.

<PAGE>
     3.     Required  Exercise.  Notwithstanding  any  other  provision  of this
            ------------------
Agreement,  if  the  Bank's  capital  falls  below  the  minimum requirements as
determined  by  the primary federal or state regulator of the Corporation or the
Bank  (the "Regulator"), the Regulator may direct the Corporation to require the
Warrant  Holder to exercise or forfeit his or her Warrant.  The Corporation will
notify  the  Warrant  Holder within 45 days from the date the Regulator notifies
the  Corporation in writing that the Warrant Holder must exercise or forfeit his
or  her Warrant.  The Corporation will cancel the Warrant if it is not exercised
within  21  days  of  the Corporation's notification to the Warrant Holder.  The
Corporation  agrees  to comply with any Regulator's request that the Corporation
invoke its right to require the Warrant Holder to exercise or forfeit his or her
Warrant  under  the  circumstances  stated  above.

     4.     Purchase  Price.  The  price  per  share  to  be paid by the Warrant
            ---------------
Holder  for  the  shares of Common Stock subject to the Warrant shall be $10.00,
subject to adjustment as set forth in Section 7 of this Agreement (the price, as
adjusted,  is  called  the  "Purchase  Price").

     5.     Exercise of Warrant.  The Warrant Holder may exercise the Warrant by
            -------------------
delivering  the  following  to  the  Corporation:

          (a)     Written  notice of exercise specifying the number of shares of
     Common  Stock  with  respect  to  which the Warrant is being exercised; and

          (b)     A  cashier's or certified check payable to the Corporation for
     the full amount of the aggregate Purchase Price for the number of shares as
     to  which  the  Warrant  is  being  exercised.

     The Warrant Holder must deliver the notice of exercise and the cashier's or
certified  check to the address of the Corporation as set forth in Section 11(a)
of  this  Agreement  or  any  other  address  that  the  Corporation  requests.

     6.     Issuance  of Shares.  Upon receipt of the items set forth in Section
            -------------------
5 of this Agreement, and subject to the terms of this Agreement, the Corporation
shall  deliver to the Warrant Holder stock certificates for the number of shares
specified  in  the notice to exercise, and shall register the share or shares in
the  name  of the Warrant Holder.  In no event shall the Corporation be required
to  issue  or  deliver any certificate for shares of Common Stock purchased upon
the  exercise  of  the  Warrant  or  any  portion  of  the  Warrant prior to the
fulfillment  of  the  following  conditions:

          (a)     The  admission  of  such  shares  for  listing  on  all  stock
     exchanges  on  which  the  Common  Stock  is  then  listed;

          (b)     The  completion  of any registration or other qualification of
     such  shares  which the Corporation shall deem necessary or advisable under
     any  federal  or  state  law  or  under  the  rulings or regulations of the
     Securities  and  Exchange  Commission  or any other governmental regulatory
     body;

                                        2
<PAGE>
          (c)     The  obtaining  of  any  approval  or other clearance from any
     federal  or  state governmental agency or body, which the Corporation shall
     determine  to  be  necessary  or  advisable;  or

          (d)     The  lapse  of  such  reasonable  period of time following the
     exercise  of the Warrant as the Corporation may from time to time establish
     for  reasons  of  administrative  convenience.

     The Corporation shall have no obligation to obtain the fulfillment of these
conditions;  provided,  however,  that  the  Warrant  Holder shall have one full
calendar  year after these conditions have been fulfilled to exercise his or her
Warrant,  notwithstanding  any  other  provision  in  this  Agreement.

     7.     Antidilution,  Etc.
            -------------------

          (a)     If,  prior  to  the  Expiration  Time,  the  Corporation shall
     subdivide  its  outstanding shares of Common Stock into a greater number of
     shares,  or  declare  and  pay  a  dividend  of its Common Stock payable in
     additional  shares  of  its  Common  Stock,  the Purchase Price, as then in
     effect,  shall  be  proportionately  reduced,  and  the  Corporation  shall
     proportionately  increase the number of shares of Common Stock then subject
     to  exercise  under  the  Warrant  (and  not  previously  exercised).

          (b)     If,  prior  to  the  Expiration  Time,  the  Corporation shall
     combine its outstanding shares of the Common Stock into a smaller number of
     shares,  the  Purchase  Price,  as then in effect, shall be proportionately
     increased,  and  the Corporation shall proportionately reduce the number of
     shares  of Common Stock then subject to exercise under the Warrant (and not
     previously  exercised).

     8.     Reorganization,  Reclassification,  Consolidation  or  Merger.  If,
            -------------------------------------------------------------
prior  to  the  Expiration  Time,  there  shall  be  any  reorganization  or
reclassification of the Common Stock (other than a subdivision or combination of
shares  provided  for  in  Section 7 of this Agreement), or any consolidation or
merger  of  the  Corporation  with  another  entity, the Warrant Holder shall be
entitled to receive, during the remainder of the term of this Agreement and upon
payment of the Purchase Price, the number of shares of stock or other securities
or  property  of  the  Corporation  or  of  the  successor entity (or its parent
company)  resulting  from  such  consolidation or merger, as the case may be, to
which  a  holder  of  the  Common  Stock,  deliverable  upon the exercise of the
Warrant,  would  have  been entitled upon such reorganization, reclassification,
consolidation or merger; and in any case, the Corporation shall make appropriate
adjustments  (as  determined by the Board of Directors of the Corporation in its
sole  discretion)  in  the  application  of these provisions with respect to the
rights  and  interests of the Warrant Holder so that the provisions set forth in
this  Agreement  (including  the adjustment of the Purchase Price and the number
of  shares  issuable  upon  the exercise of the Warrant) shall be applicable, as
nearly  as  may  reasonably  be  practicable,  to  any  shares or other property
thereafter  deliverable  upon  the  exercise  of  the  Warrant.

                                        3
<PAGE>
     9.     Notice  of  Adjustments.  Within  thirty  (30)  days  following  any
            -----------------------
adjustment  provided  for  in  Section  7  or  Section  8 of this Agreement, the
Corporation shall give written notice of the adjustment to the Warrant Holder at
the  address  set forth in Section 11(a) of this Agreement or such other address
as  the Warrant Holder may request.  The notice shall state the Warrant Purchase
Price  as  adjusted  and the increased or decreased number of shares purchasable
upon  the  exercise  of the Warrant and shall set forth in reasonable detail the
method  of  calculation  of  each.

     10.     Transfer  and  Assignment.
             -------------------------

          (a)     During  the  Warrant  Holder's  lifetime,  the Warrant and any
     rights under this Agreement shall be exercisable only by the Warrant Holder
     (or by the Warrant Holder's guardian or legal representative, should one be
     appointed).  Except assignments or transfers made by will or under the laws
     of descent and distribution, the Warrant or any rights under this Agreement
     may  not  be  assigned,  transferred,  pledged  or  hypothecated in any way
     (whether  by  operation  of  law  or otherwise) and shall not be subject to
     execution,  attachment  or  similar  process.  Any  attempted  assignment,
     transfer,  pledge, hypothecation or other disposition of the Warrant except
     as provided for in this Section 10 shall be null and void and without legal
     effect.

          (b)     Shares  of  Common  Stock  acquired by exercise of the Warrant
     granted  in  this  Agreement  may  not  be  transferred  or sold unless the
     transfer  is  exempt  from  further  regulatory  approval  or  otherwise
     permissible  under  applicable  law, including state and federal securities
     laws,  and  will  bear  a  legend  to  this  effect.

     11.     Miscellaneous.
             -------------

          (a)     All  notices,  requests,  demands  and  other  communications
     required  or permitted hereunder shall be in writing and shall be deemed to
     have  been  duly  given  when  delivered  by  hand,  telegram  or facsimile
     transmission,  or  if  mailed,  by postage prepaid first class mail, on the
     third  business  day  after  mailing,  to the following address (or at such
     other  address  as  a  party  may  notify  the  other  hereunder):

          To  the  Corporation:

               Generations  Bancshares,  Inc.
               199-D  Highway  515
               Blairsville,  Georgia  30512
               Attention:  David  K.  George

          To  the  Warrant  Holder:

               _________________________________________
               _________________________________________
               _________________________________________

                                        4
<PAGE>
          (b)     The  Corporation  covenants that it has reserved and will keep
     available,  solely  for  the  purpose  of  issue  upon  the exercise of the
     Warrant,  a  sufficient  number  of  shares  of  Common Stock to permit the
     exercise  hereof  in  full.

          (c)     No  holder  of the Warrant, as such, shall be entitled to vote
     or  receive dividends with respect to the shares of Common Stock subject to
     the  Warrant  or  be  deemed to be a shareholder of the Corporation for any
     purpose  until  such  Common  Stock  has  been  issued.

          (d)     This  Agreement  shall  constitute  the  entire  agreement
     contemplated  by  the Corporation and the Warrant Holder and may be amended
     only  by  an  instrument  in  writing  executed  by  the party against whom
     enforcement  of  the  amendment  is  sought.

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

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

            [The remainder of this page is intentionally left blank.]

                                        5
<PAGE>
     IN  WITNESS WHEREOF, the Corporation has caused this Agreement to be signed
by its duly authorized officers and its corporate seal to be affixed hereto, and
the Warrant Holder has executed this Agreement under seal, all as of the day and
year  first  above  written.

                              GENERATIONS  BANCSHARES,  INC.

                              By:_______________________________________________
                                   David  K.  George
                                   President  and  Chief  Executive  Officer

                                   WARRANT  HOLDER

                                  _______________________________________(SEAL)
                                   Print  Name:  ______________________________

                                        6
<PAGE>EXHIBIT 10.6

                          GENERATIONS BANCSHARES, INC.
                            2001 STOCK INCENTIVE PLAN

<PAGE>
<TABLE>
<CAPTION>
                                TABLE OF CONTENTS

                                                              PAGE
<S>                                                           <C>
SECTION 1  DEFINITIONS . . . . . . . . . . . . . . . . . . .     1
  1.1  DEFINITIONS . . . . . . . . . . . . . . . . . . . . .     1
SECTION 2  THE STOCK INCENTIVE PLAN. . . . . . . . . . . . .     4
  2.1  PURPOSE OF THE PLAN . . . . . . . . . . . . . . . . .     4
  2.2  STOCK SUBJECT TO THE PLAN . . . . . . . . . . . . . .     4
  2.3  ADMINISTRATION OF THE PLAN. . . . . . . . . . . . . .     5
  2.4  ELIGIBILITY AND LIMITS. . . . . . . . . . . . . . . .     5
SECTION 3  TERMS OF STOCK INCENTIVES . . . . . . . . . . . .     6
  3.1  GENERAL TERMS AND CONDITIONS. . . . . . . . . . . . .     6
  3.2  TERMS AND CONDITIONS OF OPTIONS.. . . . . . . . . . .     7
    (a)  Option Price. . . . . . . . . . . . . . . . . . . .     7
    (b)  Option Term . . . . . . . . . . . . . . . . . . . .     7
    (c)  Payment.. . . . . . . . . . . . . . . . . . . . . .     7
    (d)  Conditions to the Exercise of an Option.. . . . . .     8
    (e)  Termination of Incentive Stock Option.. . . . . . .     8
    (f)  Special Provisions for Certain Substitute Options..     8
3.3  TREATMENT OF AWARDS UPON TERMINATION OF SERVICE . . . .     8
SECTION 4  RESTRICTIONS ON STOCK . . . . . . . . . . . . . .     9
  4.1  ESCROW OF SHARES. . . . . . . . . . . . . . . . . . .     9
  4.2  RESTRICTIONS ON TRANSFER. . . . . . . . . . . . . . .     9
SECTION 5  GENERAL PROVISIONS. . . . . . . . . . . . . . . .     9
  5.1  WITHHOLDING.. . . . . . . . . . . . . . . . . . . . .     9
  5.2  CHANGES IN CAPITALIZATION; MERGER; LIQUIDATION. . . .    10
  5.3  CASH AWARDS . . . . . . . . . . . . . . . . . . . . .    11
  5.4  COMPLIANCE WITH CODE. . . . . . . . . . . . . . . . .    11
  5.5  RIGHT TO TERMINATE SERVICE. . . . . . . . . . . . . .    11
  5.6  RESTRICTIONS ON DELIVERY AND SALE OF SHARES; LEGENDS.    11
  5.7  NON-ALIENATION OF BENEFITS. . . . . . . . . . . . . .    12
  5.8  TERMINATION AND AMENDMENT OF THE PLAN.. . . . . . . .    12
  5.9  STOCKHOLDER APPROVAL. . . . . . . . . . . . . . . . .    12
  5.10 CHOICE OF LAW.. . . . . . . . . . . . . . . . . . . .    12
  5.11 EFFECTIVE DATE OF THE PLAN. . . . . . . . . . . . . .    12
</TABLE>

<PAGE>
                          GENERATIONS BANCSHARES, INC.
                            2001 STOCK INCENTIVE PLAN

                             SECTION 1  DEFINITIONS

     1.1     Definitions.  Whenever  used herein, the masculine pronoun shall be
             -----------
deemed  to  include the feminine, and the singular to include the plural, unless
the context clearly indicates otherwise, and the following capitalized words and
phrases  are  used  herein  with  the  meaning  thereafter  ascribed:

          (a)     "Affiliate"  means
                   ---------

               (1)     any  Subsidiary  or  Parent;

               (2)     an  entity  that  directly  or  through  one  or  more
intermediaries  controls,  is controlled by, or is under common control with the
Company,  as  determined  by  the  Company;  or

               (3)     any  entity  in  which the Company has such a significant
interest  that  the  Company  determines  it should be deemed an "Affiliate," as
determined  in  the  sole  discretion  of  the  Company.

          (b)     "Bank"  means  Generations  Bank,  a  proposed  state  bank.
                   ----

          (c)     "Board  of  Directors"  means  the  board  of directors of the
                   --------------------
Company.

          (d)     "Cause"  has  the  same  meaning as provided in the employment
                   -----
agreement between the Participant and the Company or Affiliate(s) on the date of
Termination of Service, or if no such definition or employment agreement exists,
"Cause"  means conduct amounting to  (1) fraud or dishonesty against the Company
or  Affiliate(s);  (2)  Participant's  willful  misconduct,  repeated refusal to
follow  the reasonable directions of the Board of Directors or knowing violation
of  law in the course of performance of the duties of Participant's service with
the  Company  or  Affiliate(s);  (3)  repeated  absences  from  work  without  a
reasonable  excuse; (4) repeated intoxication with alcohol or drugs while on the
Company's  or  Affiliate(s)'  premises  during  regular  business  hours;  (5) a
conviction or plea of guilty or nolo contendere to a felony or a crime involving
dishonesty;  or (6) a breach or violation of the terms of any agreement to which
Participant  and  the  Company  or  Affiliate(s)  are  party.

          (e)     "Change  in  Control"  means  any  one of the following events
                   -------------------
which  may  occur  after  the  date  the  Stock  Incentive  is  granted:

                    (1)     the  acquisition  by  any  individual,  entity  or
"group,"  within  the  meaning  of  Section  13(d)(3) or Section 14(d)(2) of the
Securities  Exchange  Act  of  1934,  as  amended,  (a  "Person")  of beneficial
ownership  (within  the  meaning of Rule 13-d-3 promulgated under the Securities
Exchange Act of 1934) of voting securities of the Company or the Bank where such
acquisition  causes  any such Person to own thirty-five percent (35%) or more of

<PAGE>
the  combined voting power of the then outstanding voting securities entitled to
vote  generally  in  the  election  of  directors;

               (2)     within  any  twelve-month  period,  the  persons who were
directors  of  the  Company or the Bank immediately before the beginning of such
twelve-month  period  (the  "Incumbent  Directors") shall cease to constitute at
least  a majority of the Board of Directors of the Company or the Bank; provided
that  any  director  who  was  not  a  director  as  of  the  beginning  of such
twelve-month period shall be deemed to be an Incumbent Director if that director
were  elected to the Board of Directors of the Company or the Bank 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;

               (3)     a  reorganization,  merger or consolidation, with respect
to  which  persons  who  were  the  stockholders  of  the  Company  or  the Bank
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

               (4)     the  sale, transfer or assignment of all or substantially
all  of  the  assets  of  the  Company  or  the  Bank  to  any  third  party.

          (f)     "Code"  means  the  Internal Revenue Code of 1986, as amended.
                   ----

          (g)     "Committee"  means  the  committee  appointed  by the Board of
                   ---------
Directors to administer the Plan pursuant to Plan Section 2.3.  If the Committee
has  not been appointed, the Board of Directors in its entirety shall constitute
the  Committee.

          (h)     "Disability" has the same meaning as provided in the long-term
                   ----------
disability  plan  or  policy  maintained  or,  if  applicable,  most  recently
maintained, by the Company or an Affiliate for the Participant.  If no long-term
disability  plan  or policy was ever maintained on behalf of the Participant or,
if  the  determination  of  Disability  relates  to  an  Incentive Stock Option,
Disability  shall  mean  that  condition  described in Code Section 22(e)(3), as
amended  from  time  to  time.  In  the event of a dispute, the determination of
Disability  shall  be  made  by the Board of Directors and shall be supported by
advice  of  a  physician competent in the area to which such Disability relates.

          (i)     "Disposition"  means  any  conveyance,  sale,  transfer,
                   -----------
assignment,  pledge  or  hypothecation,  whether  outright or as security, inter
vivos  or testamentary, with or without consideration, voluntary or involuntary.

          (j)     "Fair  Market  Value"  with  regard  to  a  date  means:
                   -------------------

               (1)     the  price  at  which  Stock shall have been sold on that
date  or  the  last  trading date prior to that date as reported by the national

                                        2
<PAGE>
securities  exchange  selected by the Committee on which the shares of Stock are
then  actively traded or, if applicable, as reported by the NASDAQ Stock Market;

               (2)     if  such market information is not published on a regular
basis,  the  price  of  Stock in the over-the-counter market on that date or the
last  business day prior to that date as reported by the NASDAQ Stock Market or,
if  not  so  reported,  by  a  generally  accepted  reporting  service;  or

               (3)     if  Stock  is  not publicly traded, as determined in good
faith by the Committee with due consideration being given to (i) the most recent
independent  appraisal of the Company, if such appraisal is not more than twelve
months  old  and  (ii)  the  valuation  methodology  used in any such appraisal.

     For  purposes  of  Paragraphs (1), (2), or (3) above, the Committee may use
the  closing  price  as  of the applicable date, the average of the high and low
prices  as  of  the applicable date or for a period certain ending on such date,
the  price determined at the time the transaction is processed, the tender offer
price for shares of Stock, or any other method which the Committee determines is
reasonably  indicative  of  the  fair  market  value.

          (k)     "Incentive  Stock  Option" means an incentive stock option, as
                   ------------------------
defined  in  Code  Section  422,  described  in  Plan  Section  3.2.

          (l)     "Non-Qualified  Stock Option" means a stock option, other than
                   ---------------------------
an  option  qualifying  as  an Incentive Stock Option, described in Plan Section
3.2.

          (m)     "Option"  means  a  Non-Qualified Stock Option or an Incentive
                   ------
Stock  Option.

          (n)     "Over  10%  Owner"  means  an  individual  who  at the time an
                   ----------------
Incentive  Stock  Option  is granted owns Stock possessing more than ten percent
(10%) of the total combined voting power of the Company or one of its Parents or
Subsidiaries,  determined  by  applying  the  attribution  rules of Code Section
424(d).

          (o)     "Parent"  means any corporation (other than the Company) in an
                   ------
unbroken  chain  of  corporations  ending  with  the Company if, with respect to
Incentive  Stock Options, at the time of granting of the Incentive Stock Option,
each  of  the  corporations  other  than the Company owns stock possessing fifty
percent (50%) or more of the total combined voting power of all classes of stock
in  one  of  the  other  corporations  in  the  chain.

          (p)     "Participant"  means  an  individual  who  receives  a  Stock
                   -----------
Incentive  hereunder.

          (q)     "Plan"  means  the  Generations  Bancshares,  Inc.  2001 Stock
                   ----
Incentive  Plan.

          (r)     "Stock"  means the Company's common stock, $1.00 par value per
                   -----
share.

                                        3
<PAGE>
          (s)     "Stock  Incentive  Agreement"  means  an agreement between the
                   ---------------------------
Company  and a Participant or other documentation evidencing an award of a Stock
Incentive.

          (t)     "Stock  Incentives"  means,  collectively,  Incentive  Stock
                   -----------------
Options  and  Non-Qualified  Stock  Options.

          (u)     "Subsidiary" means any corporation (other than the Company) in
                   ----------
an unbroken chain of corporations beginning with the Company if, with respect to
Incentive  Stock  Options,  at  the  time of the granting of the Incentive Stock
Option, each of the corporations other than the last corporation in the unbroken
chain  owns  stock  possessing fifty percent (50%) or more of the total combined
voting  power  of  all  classes of stock in one of the other corporations in the
chain.  A  "Subsidiary" shall include any entity other than a corporation to the
extent  permissible  under  Section 424(f) or regulations or rulings thereunder.

          (v)     "Termination  of Service" means the termination of the service
                   -----------------------
relationship,  whether  employment  or  otherwise, between a Participant and the
Company  and  any  Affiliates,  regardless of the fact that severance or similar
payments  are  made to the Participant for any reason, including, but not by way
of  limitation,  a  termination  by resignation, discharge, death, Disability or
retirement.  The  Committee  shall,  in  its  absolute discretion, determine the
effect  of  all  matters  and  questions  relating  to a Termination of Service,
including,  but  not  by  way  of limitation, the question of whether a leave of
absence  constitutes  a  Termination  of  Service,  or  whether a Termination of
Service  is  for  Cause.

                       SECTION 2  THE STOCK INCENTIVE PLAN

     2.1     Purpose  of  the  Plan.  The  Plan  is  intended  to  (a)  provide
             ----------------------
incentives  to  employees,  directors  and  organizers  of  the  Company and its
Affiliates  to  stimulate  their  efforts  toward  the  continued success of the
Company and to operate and manage the business in a manner that will provide for
the  long-term  growth  and  profitability  of  the Company; (b) encourage stock
ownership  by employees, directors and organizers by providing them with a means
to  acquire  a proprietary interest in the Company by acquiring shares of Stock;
and  (c)  provide  a  means  of  obtaining  and  rewarding  key  personnel.

     2.2     Stock  Subject  to  the  Plan.  Subject to adjustment in accordance
             -----------------------------
with  Section  5.2, ___________ [INSERT THE NUMBER OF SHARES RESERVED] shares of
Stock  (the  "Maximum Plan Shares") are hereby reserved exclusively for issuance
upon  exercise  or  payment  pursuant  to Stock Incentives.  At such time as the
Company  becomes subject to Section 16 of the Exchange Act, at no time shall the
Company  have outstanding Stock Incentives subject to Section 16 of the Exchange
Act  and  shares of Stock issued in respect of Stock Incentives in excess of the
Maximum Plan Shares.  The shares of Stock attributable to the nonvested, unpaid,
unexercised,  unconverted  or otherwise unsettled portion of any Stock Incentive
that  is  forfeited or cancelled or expires or terminates for any reason without

                                        4
<PAGE>
becoming  vested,  paid,  exercised, converted or otherwise settled in full will
again  be  available  for  purposes  of  the  Plan.

     2.3     Administration  of the Plan.  The Plan shall be administered by the
             ---------------------------
Committee.   The Committee shall consist of at least two members of the Board of
Directors.  During  those  periods that the Company is subject to the provisions
of  Section  16  of  the Securities Exchange Act of 1934, the Board of Directors
shall  consider  whether  each  Committee  member  should qualify as an "outside
director"  as defined in Treasury Regulations Section 1.162-27(e) as promulgated
by the Internal Revenue Service and a "non-employee director" as defined in Rule
16b  (3)(b)(3)  as promulgated under the Exchange Act.  The Committee shall have
full  authority  in  its  discretion  to  determine the employees, directors and
organizers  of  the  Company or its Affiliates to whom Stock Incentives shall be
granted  and  the  terms and provisions of Stock Incentives subject to the Plan.
Subject  to  the  provisions  of  the  Plan,  the  Committee shall have full and
conclusive  authority  to  interpret  the  Plan; to prescribe, amend and rescind
rules  and  regulations  relating  to  the  Plan;  to  determine  the  terms and
provisions  of  the  respective Stock Incentive Agreements and to make all other
determinations necessary or advisable for the proper administration of the Plan.
The  Committee's  determinations  under  the Plan need not be uniform and may be
made  by  it  selectively among persons who receive, or are eligible to receive,
awards under the Plan (whether or not such persons are similarly situated).  The
Committee's  decisions  shall  be  final  and binding on all Participants.  Each
member  of the Committee shall serve at the discretion of the Board of Directors
and  the  Board  of  Directors  may from time to time remove members from or add
members  to  the  Committee.  Vacancies  on the Committee shall be filled by the
Board  of  Directors.

     The  Committee  shall  select one of its members as chairman and shall hold
meetings at the times and in the places as it may deem advisable.  Acts approved
by  a  majority  of  the Committee in a meeting at which a quorum is present, or
acts  reduced  to  or  approved  in  writing by a majority of the members of the
Committee,  shall  be  the  valid  acts  of  the  Committee.

     2.4     Eligibility  and  Limits.  Stock  Incentives may be granted only to
             ------------------------
employees,  directors  and organizers of the Company or any Affiliate; provided,
however,  that  an  Incentive Stock Option may only be granted to an employee of
the  Company  or  any  Subsidiary.  In  the case of Incentive Stock Options, the
aggregate Fair Market Value (determined as of the date an Incentive Stock Option
is  granted)  of  stock with respect to which stock options intended to meet the
requirements  of  Code  Section  422 become exercisable for the first time by an
individual  during  any  calendar  year  under  all plans of the Company and its
Parents  and  Subsidiaries  shall not exceed $100,000; provided further, that if
the  limitation  is  exceeded,  the  Incentive  Stock  Option(s) which cause the
limitation to be exceeded shall be treated as Non-Qualified Stock Option(s).  On
such  date  as  required  by Code Section 162(m) of the Code and the regulations
thereunder  for  compensation  to  be  treated  as  qualified  performance based
compensation,  the  maximum  number  of  shares  of  Stock with respect to which
Options  may  be  granted during any calendar year to an employee may not exceed
50,000,  subject to adjustment in accordance with Section 5.2.  If, after grant,
the  exercise price of an Option is reduced, the transaction shall be treated as
the  cancellation  of the Option and the grant of a new Option.  If an Option is
deemed  to  be cancelled as described in the preceding sentence, the Option that
is deemed to be cancelled and the Option that is deemed to be granted shall both
be  counted against the Maximum Plan Shares and the maximum number of shares for
which  Options  may  be  granted  to  an  employee  during  any  calendar  year.

                                        5
<PAGE>
                      SECTION 3  TERMS OF STOCK INCENTIVES

     3.1     General  Terms  and  Conditions.
             -------------------------------

          (a)     The  number  of  shares of Stock as to which a Stock Incentive
shall  be  granted  shall be determined by the Committee in its sole discretion,
subject  to  the  provisions  of  Section  2.2, as to the total number of shares
available  for  grants  under  the  Plan.  If  a  Stock  Incentive  Agreement so
provides,  a  Participant  may  be  granted a new Option to purchase a number of
shares of Stock equal to the number of previously owned shares of Stock tendered
in  payment  of  the  Exercise  Price (as defined below) for each share of Stock
purchased  pursuant  to  the  terms  of  the  Stock  Incentive  Agreement.

          (b)     Each  Stock  Incentive shall be evidenced by a Stock Incentive
Agreement in such form and containing such terms, conditions and restrictions as
the  Committee  may  determine  is  appropriate.  Each Stock Incentive Agreement
shall be subject to the terms of the Plan and any provision in a Stock Incentive
Agreement  that  is  inconsistent  with  the  Plan  shall  be  null  and  void.

          (c)     The  date  a  Stock  Incentive is granted shall be the date on
which  the  Committee  has  approved  the  terms  of,  and  satisfaction  of any
conditions  applicable  to,  the grant of the Stock Incentive and has determined
the  recipient  of  the  Stock Incentive and the number of shares covered by the
Stock  Incentive  and  has taken all such other action necessary to complete the
grant  of  the  Stock  Incentive.

          (d)     The Committee may provide in any Stock Incentive Agreement (or
subsequent  to  the  award  of  a Stock Incentive but prior to its expiration or
cancellation, as the case may be) that, in the event of a Change in Control, the
Stock Incentive shall or may be cashed out on the basis of any price not greater
than  the highest price paid for a share of Stock in any transaction reported by
any  market or system selected by the Committee on which the shares of Stock are
then  actively  traded  during  a  specified  period  immediately  preceding  or
including  the  date of the Change in Control or offered for a share of Stock in
any  tender  offer  occurring during a specified period immediately preceding or
including  the  date the tender offer commences; provided that, in no case shall
any  such  specified  period  exceed  three  (3)  months (the "Change in Control
Price").  For purposes of this Subsection, any Option shall be cashed out on the
basis  of  the  excess, if any, of the Change in Control Price over the Exercise
Price  to the extent the Option is then exercisable in accordance with the terms
of  the  Option  and  the  Plan.

          (e)     Any  Stock  Incentive may be granted in connection with all or
any  portion  of  a  previously  or  contemporaneously  granted Stock Incentive.
Exercise  or  vesting  of  a  Stock Incentive granted in connection with another
Stock  Incentive  may  result  in  a  pro  rata surrender or cancellation of any
related  Stock  Incentive,  as  specified  in  the  applicable  Stock  Incentive
Agreement.

          (f)     Stock  Incentives  shall  not  be  transferable  or assignable
except  by  will  or  by  the  laws  of  descent  and  distribution and shall be
exercisable,  during the Participant's lifetime, only by the Participant; in the
event  of  the Disability of the Participant, by the legal representative of the

                                        6
<PAGE>
Participant;  or  in  the event of the death of the Participant, by the personal
representative  of the Participant's estate or if no personal representative has
been  appointed, by the successor in interest determined under the Participant's
will.

     3.2     Terms  and  Conditions  of  Options.  Each Option granted under the
             -----------------------------------
Plan  shall be evidenced by a Stock Incentive Agreement.  At the time any Option
is  granted,  the  Committee  shall  determine  whether  the  Option is to be an
Incentive  Stock Option or a Non-Qualified Stock Option, and the Option shall be
clearly  identified  as  to  its  status  as  an  Incentive  Stock  Option  or a
Non-Qualified  Stock  Option.  At  the  time  any  Incentive  Stock  Option  is
exercised,  the  Company shall be entitled to place a legend on the certificates
representing  the  shares  of  Stock purchased pursuant to the Option to clearly
identify  them  as shares of Stock purchased upon exercise of an Incentive Stock
Option.  An  Incentive  Stock  Option  may only be granted within ten (10) years
from  the  earlier  of the date the Plan is adopted by the Board of Directors or
approved  by  the  Company's  stockholders.  All  Options shall provide that the
primary  federal  regulator of the Company may require a Participant to exercise
an  Option in whole or in part if the capital of the Company falls below minimum
requirements  and  shall  further  provide  that, if the Participant fails to so
exercise  any  such  portion  of the Option, that portion of the Option shall be
forfeited.

          (a)     Option  Price.   Subject  to  adjustment  in  accordance  with
                  -------------
Section  5.2  and  the  other provisions of this Section 3.2, the exercise price
(the  "Exercise Price") per share of Stock purchasable under any Option shall be
as  set forth in the applicable Stock Incentive Agreement.  With respect to each
grant  of  an  Incentive  Stock  Option  to a Participant who is not an Over 10%
Owner, the Exercise Price per share shall not be less than the Fair Market Value
on  the  date the Option is granted.  With respect to each grant of an Incentive
Stock Option to a Participant who is an Over 10% Owner, the Exercise Price shall
not  be  less  than  110%  of  the  Fair  Market Value on the date the Option is
granted.  With  respect  to  each  grant  of  a  Non-Qualified Stock Option, the
Exercise  Price  per  share  shall  be  no  less  than  the  Fair  Market Value.

          (b)     Option  Term.  The  term of an Option shall be as specified in
                  ------------
the  applicable  Stock  Incentive  Agreement;  provided, however that any Option
granted  to  a  Participant shall not be exercisable after the expiration of ten
(10)  years  after the date the Option is granted and any Incentive Stock Option
granted  to  an  Over 10% Owner shall not be exercisable after the expiration of
five  (5)  years  after  the  date  the  Option  is  granted.

          (c)     Payment.  Payment  for  all shares of Stock purchased pursuant
                  -------
to  the  exercise  of an Option shall be made in cash or, if the Stock Incentive
Agreement  provides,  in  a  cashless  exercise  through  a  broker.   In  its
discretion,  the  Committee also may authorize (at the time an Option is granted
or  thereafter) Company financing to assist the Participant as to payment of the
Exercise  Price  on  such  terms  as  may  be  offered  by  the Committee in its
discretion.  Payment  shall  be  made  at  the  time that the Option or any part
thereof  is  exercised, and no shares shall be issued or delivered upon exercise
of an Option until full payment has been made by the Participant.  The holder of
an  Option,  as  such,  shall  have  none  of  the  rights  of  a  stockholder.

                                        7
<PAGE>
          (d)     Conditions  to the Exercise of an Option.  Each Option granted
                  ----------------------------------------
under  the  Plan shall be exercisable by the Participant or any other designated
person,  at  such time or times, or upon the occurrence of such event or events,
and  in  such  amounts,  as  the  Committee shall specify in the Stock Incentive
Agreement;  provided,  however,  that  subsequent to the grant of an Option, the
Committee,  at  any  time  before  complete  termination  of  such  Option,  may
accelerate  the  time or times at which such Option may be exercised in whole or
in  part, including, without limitation, upon a Change in Control and may permit
the  Participant  or  any other designated person to exercise the Option, or any
portion  thereof,  for  all or part of the remaining Option term notwithstanding
any provision of the Stock Incentive Agreement to the contrary.  Notwithstanding
the  foregoing, no Option granted prior to the third anniversary of the date the
Plan  is  adopted  by  the  Board  of  Directors  of  the  Company shall contain
provisions  which  allow  the  Option to become vested and exercisable at a rate
faster  than  in  equal,  annual  one-third increments commencing with the first
anniversary  of  the  Option's  grant  date.

          (e)     Termination of Incentive Stock Option Status.  With respect to
                  --------------------------------------------
an  Incentive  Stock  Option,  in  the  event of the Termination of Service of a
Participant,  the  Option  or  portion  thereof held by the Participant which is
unexercised shall expire, terminate and become unexercisable no later than three
(3)  months after the date of termination of employment; provided, however, that
in  the  case  of  a  holder  whose termination of employment is due to death or
Disability,  up  to  one  (1)  year  may be substituted for such three (3) month
period.  For  purposes  of  this  Subsection  (e), Termination of Service of the
Participant  shall not be deemed to have occurred if the Participant is employed
by  another  corporation  (or  a  parent or subsidiary corporation of such other
corporation)  which has assumed the Incentive Stock Option of the Participant in
a  transaction  to  which  Code  Section  424(a)  is  applicable.

          (f)     Special  Provisions  for  Certain  Substitute  Options.
                  ------------------------------------------------------
Notwithstanding  anything to the contrary in this Section 3.2, any Option issued
in  substitution  for  an  option  previously  issued  by  another entity, which
substitution  occurs  in  connection  with  a  transaction to which Code Section
424(a)  is  applicable, may provide for an exercise price computed in accordance
with such Code Section and the regulations thereunder and may contain such other
terms  and  conditions  as  the Committee may prescribe to cause such substitute
Option to contain as nearly as possible the same terms and conditions (including
the  applicable  vesting  and  termination provisions) as those contained in the
previously  issued  option  being  replaced  thereby.

     3.3     Treatment  of  Awards  Upon  Termination  of  Service.  Except  as
             -----------------------------------------------------
otherwise  provided  by  Plan  Section  3.2(e),  any  award under this Plan to a
Participant  who suffers a Termination of Service may be cancelled, accelerated,
paid  or  continued,  as  provided  in  the Stock Incentive Agreement or, in the
absence  of  such provision, as the Committee may determine.  The portion of any
award  exercisable in the event of continuation or the amount of any payment due
under  a  continued  award  may  be  adjusted  by  the  Committee to reflect the
Participant's  period  of service from the date of grant through the date of the
Participant's  Termination  of  Service  or  such other factors as the Committee
determines  are  relevant  to  its  decision  to  continue  the  award.

                                        8
<PAGE>
                        SECTION 4  RESTRICTIONS ON STOCK

     4.1     Escrow  of  Shares.  Any  certificates  representing  the shares of
             ------------------
Stock  issued  under the Plan shall be issued in the Participant's name, but, if
the  Stock Incentive Agreement so provides, the shares of Stock shall be held by
a  custodian  designated  by  the  Committee (the "Custodian").  Each applicable
Stock  Incentive  Agreement  providing  for  transfer  of shares of Stock to the
Custodian  shall  appoint  the  Custodian  as  the  attorney-in-fact  for  the
Participant  for the term specified in the applicable Stock Incentive Agreement,
with  full  power  and  authority  in the Participant's name, place and stead to
transfer,  assign  and  convey  to  the  Company any shares of Stock held by the
Custodian for such Participant, if the Participant forfeits the shares under the
terms  of  the applicable Stock Incentive Agreement.  During the period that the
Custodian  holds  the  shares  subject to this Section, the Participant shall be
entitled  to  all  rights,  except as provided in the applicable Stock Incentive
Agreement, applicable to shares of Stock not so held.  Any dividends declared on
shares of Stock held by the Custodian shall, as the Committee may provide in the
applicable Stock Incentive Agreement, be paid directly to the Participant or, in
the  alternative,  be retained by the Custodian until the expiration of the term
specified  in  the  applicable  Stock  Incentive  Agreement  and  shall  then be
delivered,  together  with  any  proceeds,  with  the  shares  of  Stock  to the
Participant  or  to  the  Company,  as  applicable.

     4.2     Restrictions on Transfer.  The Participant shall not have the right
             ------------------------
to  make  or  permit  to  exist  any  Disposition  of the shares of Stock issued
pursuant  to  the  Plan  except  as provided in the Plan or the applicable Stock
Incentive  Agreement.  Any  Disposition  of the shares of Stock issued under the
Plan  by  the Participant not made in accordance with the Plan or the applicable
Stock  Incentive  Agreement  shall be void.  The Company shall not recognize, or
have the duty to recognize, any Disposition not made in accordance with the Plan
and  the  applicable  Stock  Incentive  Agreement, and the shares so transferred
shall  continue  to  be  bound  by  the  Plan and the applicable Stock Incentive
Agreement.

                          SECTION 5  GENERAL PROVISIONS

     5.1     Withholding.  The  Company shall deduct from all cash distributions
             -----------
under  the  Plan  any  taxes  required to be withheld by federal, state or local
government.  Whenever  the  Company proposes or is required to issue or transfer
shares  of Stock under the Plan, the Company shall have the right to require the
recipient  to  remit to the Company an amount sufficient to satisfy any federal,
state  and  local  tax  withholding  requirements  prior  to the delivery of any
certificate  or  certificates  for  such  shares.  A  Participant  may  pay  the
withholding  obligation  in  cash,  by tendering shares of Stock which have been
owned  by  the  holder for at least six (6) months prior to the date of exercise
or,  if  the  applicable  Stock  Incentive Agreement provides, a Participant may
elect  to  have  the  number  of shares of Stock he is to receive reduced by the
smallest  number  of  whole  shares  of Stock which, when multiplied by the Fair
Market  Value  of  the  shares  of  Stock determined as of the Tax Date (defined
below),  is  sufficient to satisfy federal, state and local, if any, withholding
obligation arising from exercise or payment of a Stock Incentive (a "Withholding
Election").  A  Participant  may make a Withholding Election only if both of the
following  conditions  are  met:

                                        9
<PAGE>
          (a)     The  Withholding Election must be made on or prior to the date
on  which  the  amount  of  tax  required to be withheld is determined (the "Tax
Date") by executing and delivering to the Company a properly completed notice of
Withholding  Election  as  prescribed  by  the  Committee;  and

          (b)     Any  Withholding  Election  made will be irrevocable; however,
the  Committee may, in its sole discretion, disapprove and give no effect to the
Withholding  Election.

     5.2     Changes  in  Capitalization;  Merger;  Liquidation.
             --------------------------------------------------

          (a)      The  number  of  shares  of  Stock  reserved for the grant of
Options,  the maximum number of shares of Stock for which Options may be granted
to any employee during any calendar year, the number of shares of Stock reserved
for  issuance  upon  the  exercise  of each outstanding Option, and the Exercise
Price  of  each  outstanding  Option  shall  be proportionately adjusted for any
increase  or  decrease  in the number of issued shares of Stock resulting from a
subdivision  or  combination  of  shares  or  the  payment  of an ordinary stock
dividend  in  shares  of  Stock to holders of outstanding shares of Stock or any
other increase or decrease in the number of shares of Stock outstanding effected
without  receipt  of  consideration  by  the  Company.

          (b)     In  the  event  of  any merger, consolidation, reorganization,
extraordinary  dividend,  spin-off,  sale  of substantially all of the Company's
assets,  other  change  in  the  capital  structure  of the Company or its Stock
(including  any  Change  in  Control)  or  tender offer for shares of Stock, the
Committee,  in  its  sole  discretion, may make such adjustments with respect to
awards  and  take  such  other  action  as  it deems necessary or appropriate to
reflect  or  in  anticipation  of  such  merger,  consolidation, reorganization,
extraordinary  dividend,  spin-off,  sale  of substantially all of the Company's
assets,  other  change  in capital structure or tender offer, including, without
limitation;  the assumption of other awards, the substitution of new awards, the
adjustment  of  outstanding  awards  (with  or  without  the  payment  of  any
consideration),  the  acceleration  of  awards or the removal of restrictions on
outstanding  awards,  all  as  may be provided in the applicable Stock Incentive
Agreement  or, if not expressly addressed therein, as the Committee subsequently
may  determine  in  the event of any such merger, consolidation, reorganization,
extraordinary  dividend,  spin-off,  sale  of substantially all of the Company's
assets,  other  change  in  the capital structure of the Company or its Stock or
tender  offer  for  shares  of Stock or the termination of outstanding awards in
exchange for the cash value, as determined in good faith by the Committee of the
vested  and/or unvested portion of the award.  The Committee's general authority
under this Section 5.2 is limited by and subject to all other express provisions
of  the  Plan.  Any  adjustment pursuant to this Section 5.2 may provide, in the
Committee's  discretion,  for  the  elimination  without payment therefor of any
fractional  shares  that  might otherwise become subject to any Stock Incentive.

          (c)     The  existence  of  the  Plan and the Stock Incentives granted
pursuant  to  the  Plan  shall  not  affect in any way the right or power of the
Company to make or authorize any adjustment, reclassification, reorganization or
other  change  in its capital or business structure, any merger or consolidation
of  the  Company,  any  issue of debt or equity securities having preferences or
priorities as to the Stock or the rights thereof, the dissolution or liquidation

                                       10
<PAGE>
of  the  Company,  any  sale  or  transfer of all or any part of its business or
assets,  or  any  other  corporate  act  or  proceeding.

     5.3     Cash Awards.  The Committee may, at any time and in its discretion,
             -----------
grant to any holder of a Stock Incentive the right to receive, at such times and
in  such amounts as determined by the Committee in its discretion, a cash amount
which  is intended to reimburse such person for all or a portion of the federal,
state  and  local  income taxes imposed upon such person as a consequence of the
receipt  of  the  Stock  Incentive  or  the  exercise  of  rights  thereunder.

     5.4     Compliance  with  Code.  All  Incentive Stock Options to be granted
             ----------------------
hereunder  are  intended  to comply with Code Section 422, and all provisions of
the Plan and all Incentive Stock Options granted hereunder shall be construed in
such  a  manner  as  to  effectuate  that  intent.

     5.5     Right  to  Terminate  Service.  Nothing in the Plan or in any Stock
             -----------------------------
Incentive  Agreement  shall confer upon any Participant the right to continue as
an  employee,  director, organizer or officer of the Company or affect the right
of  the  Company  to  terminate  the  Participant's  services  at  any  time.

     5.6     Restrictions  on  Delivery and Sale of Shares; Legends.  Each Stock
             ------------------------------------------------------
Incentive  is subject to the condition that if at any time the Committee, in its
discretion,  shall  determine that the listing, registration or qualification of
the shares covered by such Stock Incentive upon any securities exchange or under
any  state  or  federal  law  is  necessary or desirable as a condition of or in
connection with the granting of such Stock Incentive or the purchase or delivery
of  shares  thereunder, the delivery of any or all shares pursuant to such Stock
Incentive  may  be  withheld  unless  and  until  such  listing, registration or
qualification  shall  have been effected.  If a registration statement is not in
effect  under the Securities Act of 1933 or any applicable state securities laws
with  respect  to the shares of Stock purchasable or otherwise deliverable under
Stock  Incentives then outstanding, the Committee may require, as a condition of
exercise of any Option or as a condition to any other delivery of Stock pursuant
to  a  Stock  Incentive,  that  the  Participant  or  other recipient of a Stock
Incentive  represent, in writing, that the shares received pursuant to the Stock
Incentive  are being acquired for investment and not with a view to distribution
and  agree  that  the  shares  will  not  be  disposed  of except pursuant to an
effective  registration  statement,  unless  the  Company shall have received an
opinion  of  counsel that such disposition is exempt from such requirement under
the  Securities  Act  of  1933  and  any  applicable state securities laws.  The
Company  may include on certificates representing shares delivered pursuant to a
Stock  Incentive  such  legends  referring  to  the foregoing representations or
restrictions  or  any other applicable restrictions on resale as the Company, in
its  discretion,  shall  deem  appropriate.

     5.7     Non-Alienation  of  Benefits.  Other  than as specifically provided
             ----------------------------
herein,  no  benefit  under  the  Plan  shall  be  subject  in  any  manner  to
anticipation,  alienation,  sale,  transfer,  assignment, pledge, encumbrance or
charge; and any attempt to do so shall be void.  No such benefit shall, prior to
receipt by the Participant, be in any manner liable for or subject to the debts,
contracts,  liabilities,  engagements  or  torts  of  the  Participant.

                                       11
<PAGE>
     5.8     Termination  and  Amendment of the Plan.  The Board of Directors at
             ---------------------------------------
any time may amend or terminate the Plan without stockholder approval; provided,
however, that the Board of Directors may condition any amendment on the approval
of  stockholders  of the Company if such approval is necessary or advisable with
respect  to  tax,  securities  or other applicable laws.  No such termination or
amendment without the consent of the holder of a Stock Incentive shall adversely
affect  the  rights  of  the  Participant  under  such  Stock  Incentive.

     5.9     Stockholder  Approval.   The  Plan  must  be  submitted  to  the
             ---------------------
stockholders  of the Company for their approval within twelve (12) months before
or  after  the  adoption  of  the  Plan  by  the  Board  of  Directors.

     5.10     Choice  of Law.  The laws of the State of Georgia shall govern the
              --------------
Plan,  to  the  extent  not  preempted  by  federal  law.

     5.11     Effective Date of the Plan.  The Plan was approved by the Board of
              --------------------------
Directors  as of __________________, 2001 and will be effective as of that date.

                                       GENERATIONS  BANCSHARES,  INC.

                                       By:______________________________________

                                       Title:___________________________________
ATTEST:

__________________________________
Secretary

     [SEAL]

                                       12
<PAGE>

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