Document:

Exhibit 10.2

                          SUMMARY OF MATERIAL TERMS OF
                             FOUR OAKS FINCORP INC.
                                 2008 BONUS PLAN

The  Company's  2008 Bonus Plan (the "Plan") is a  compensatory  plan,  which is
designed to align the interests of the Company's named  executive  officers with
the interests of its  stockholders by linking bonus amounts  directly to Company
performance. Named executive officers are eligible to receive cash bonuses under
the Plan based on the  Company's  (i) fee income,  (ii) average  loan  balances,
(iii) average  deposit  balances,  (iv) net interest  spread and (v) net income.
Targets for these five areas have been set for fiscal  2008,  and the  Company's
named executive  officers will be eligible for bonuses based on four tier target
levels set by the Company's  Compensation  Committee.  Actual bonus payments, if
any, will therefore vary depending on the Company's  actual fee income,  average
loan balance, average deposit balance, net interest spread and net income at the
end of fiscal 2008. In addition,  the Compensation  Committee has the discretion
to award cash bonuses or otherwise  increase,  reduce or eliminate  cash bonuses
that would otherwise be payable under the Plan in its sole discretion.EXHIBIT 4.1
    

    

    

    
      FIRST AMENDMENT TO CREDIT AGREEMENT

    

    
      

    

    
      THIS FIRST AMENDMENT, dated as of May 6, 2008 (this “Amendment”),
      to the Existing Credit Agreement (such capitalized terms and other
      capitalized terms used in this preamble and the recitals below to have
      the meanings set forth in, or are defined by reference in, Article I
      below) is among WORTHINGTON INDUSTRIES, INC., an Ohio corporation (the “Borrower”),
      the Lenders party hereto and PNC BANK, NATIONAL ASSOCIATION, as
      Administrative Agent for the Lenders.
    

    
      W I T N E S S E T H:
    

    
      WHEREAS, the Borrower, the Lenders, the Administrative Agent and The
      Bank of Nova Scotia, as Syndication Agent and Sole Bookrunner, are all
      parties to the Second Amended and Restated Credit Agreement, dated as of
      September 29, 2005 (as amended or otherwise modified prior to the date
      hereof, the “Existing Credit Agreement”, and as amended by
      this Amendment and as the same may be further amended, supplemented,
      amended and restated or otherwise modified from time to time, the “Credit
      Agreement”); and
    

    
      WHEREAS, the Borrower has requested that the Lenders agree to amend
      certain provisions of the Existing Credit Agreement, and the Lenders
      party hereto are willing, on the terms and subject to the conditions
      hereinafter set forth, to agree to the amendments set forth below;
    

    
      NOW, THEREFORE, the parties hereto hereby covenant and agree as follows:
    

    
      ARTICLE I
DEFINITIONS

    

    
      SECTION 1.1. Certain Definitions. The following terms when used
      in this Amendment shall have the following meanings (such meanings to be
      equally applicable to the singular and plural forms thereof):
    

    
      “Amendment” is defined in the preamble.
    

    
      “Amendment Effective Date” is defined in Article
      III.
    

    
      “Borrower” is defined in the preamble.
    

    
      “Credit Agreement” is defined in the first recital.
    

    
      “Existing Credit Agreement” is defined in the first
      recital.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    
      SECTION 1.2. Other Definitions. Capitalized terms for which
      meanings are provided in the Existing Credit Agreement are, unless
      otherwise defined herein or the context otherwise requires, used in this
      Amendment with such meanings.
    

    

    

    
      ARTICLE II
AMENDMENTS TO EXISTING CREDIT AGREEMENT

    

    
      Subject to the occurrence of the Amendment Effective Date, the
      provisions of the Existing Credit Agreement referred to below are hereby
      amended in accordance with this Article II.
    

    
      SECTION 2.1. The following definition is hereby inserted into Section
      1.01 of the Existing Credit Agreement in the appropriate alphabetical
      order:
    

    
      “First Amendment” means the First Amendment to this
      Agreement, dated as of May 6, 2008, among the Borrower, the Lenders
      party thereto and the Administrative Agent.
    

    
      SECTION 2.2. The definition of Applicable Margin contained in Section
      1.01 of the Existing Credit Agreement is hereby amended by deleting the
      grid contained therein and replacing it with the following grid:
    

    	
           
        
	
           
        	
          
            Worthington’s
Ratings
(S&P/Moody's)
          

        	
          
            Applicable
Percentage
for Facility
Fees
          

        	
          
            Applicable
Percentage for
Base Rate
Loans
          

        	
          
            Applicable
Percentage for
Eurodollar
Loans
          

        
	
          
            Category A:
          

        	
          
            BBB+/Baal or
higher
          

        	
          
            .15%
          

        	
          
            0%
          

        	
          
            .550%
          

        
	
          
            Category B:
          

        	
          
            BBB/Baa2
          

        	
          
            .200%
          

        	
          
            0%
          

        	
          
            .675%
          

        
	
          
            Category C:
          

        	
          
            BBB-/Baa3
          

        	
          
            .250%
          

        	
          
            0%
          

        	
          
            .750%
          

        
	
          
            Category D:
          

        	
          
            BB+/Ba1 or
lower or
unrated
          

        	
          
            .350%
          

        	
          
            .325%
          

        	
          
            1.325%
          

        

    
      SECTION 2.3. The definition of Maturity Date contained in Section 1.01
      of the Existing Credit Agreement is hereby amended by changing the
      reference to the date “September 29, 2010” to “May 6, 2013”.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SECTION 2.4. The definition of Revolving Committed Amount contained in
      Section 1.01 of the Existing Credit Agreement is hereby amended and
      restated in its entirety as follows:
    

    
      “Revolving Committed Amount” means $435,000,000 or such
      lesser amount to which the Revolving Committed Amount may be adjusted
      pursuant to Section 2.11; provided that on September 29,
      2010, the Revolving Committed Amount shall be reduced by the Revolving
      Commitment of all Lenders that were not a party to the First Amendment; provided
      further that such reduction may be decreased or eliminated either
      before or after such date to the extent the Borrower replaces such
      non-consenting Lenders pursuant to Section 2.11(c) (and the
      Revolving Committed Amount therefore increased by the amount of the
      Revolving Commitment of such replacement lenders, but not to exceed the
      original Revolving Committed Amount of $435,000,000).
    

    

    

    
      ARTICLE III
CONDITIONS TO EFFECTIVENESS

    

    
      This Amendment shall become effective on the date first written above
      (the “Amendment Effective Date”) when all of the conditions
      set forth in this Article III have been satisfied to the
      satisfaction of the Administrative Agent.
    

    
      SECTION 3.1. Amendment. The Administrative Agent shall have
      received counterparts of this Amendment, duly executed and delivered on
      behalf of the Borrower, the Administrative Agent and each Lender.
    

    
      SECTION 3.2. Amendment Fee. The Administrative Agent shall have
      received, for the account of each Lender that has executed this
      Amendment, a non-refundable fee in an amount disclosed to the Lenders.
    

    
      SECTION 3.3. Satisfactory Legal Form. The Administrative Agent
      and its counsel shall have received all information, and such
      counterpart originals or such certified or other copies of such
      materials, as the Administrative Agent or its counsel may reasonably
      request, and all legal matters incident to the effectiveness of this
      Amendment shall be satisfactory to the Administrative Agent and its
      counsel. All documents executed or submitted pursuant hereto or in
      connection herewith shall be reasonably satisfactory in form and
      substance to the Administrative Agent and its counsel.
    

    
      SECTION 3.4. Costs and Expenses, etc. The Administrative Agent
      shall have received all fees due and payable pursuant to the Loan
      Documents.
    

    

    

    
      ARTICLE IV
MISCELLANEOUS

    

    
      SECTION 4.1. Cross-References. References in this Amendment to
      any Article or Section are, unless otherwise specified, to such Article
      or Section of this Amendment.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SECTION 4.2. Loan Document Pursuant to Existing Credit Agreement.
      This Amendment is a Loan Document executed pursuant to the Existing
      Credit Agreement and shall (unless otherwise expressly indicated
      therein) be construed, administered and applied in accordance with all
      of the terms and provisions of the Existing Credit Agreement, as amended
      hereby, including Article X thereof.
    

    
      SECTION 4.3. Successors and Assigns. This Amendment shall be
      binding upon and inure to the benefit of the parties hereto and their
      respective successors and assigns.
    

    
      SECTION 4.4. Counterparts. This Amendment may be executed by the
      parties hereto in several counterparts, each of which when executed and
      delivered shall be an original and all of which shall constitute
      together but one and the same agreement. Delivery of an executed
      counterpart of a signature page to this Amendment by facsimile shall be
      effective as delivery of a manually executed counterpart of this
      Amendment.
    

    
      SECTION 4.5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY,
      AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF
      NEW YORK.
    

    
      SECTION 4.6. Full Force and Effect; Limited Amendment. Except as
      expressly amended hereby, all of the representations, warranties, terms,
      covenants, conditions and other provisions of the Existing Credit
      Agreement and the Loan Documents shall remain unchanged and shall
      continue to be, and shall remain, in full force and effect in accordance
      with their respective terms. The amendments set forth herein shall be
      limited precisely as provided for herein to the provision expressly
      amended herein and shall not be deemed to be an amendment to, waiver of,
      consent to or modification of any other term or provision of the
      Existing Credit Agreement or any other Loan Document or of any
      transaction or further or future action which would require the consent
      of the Lenders under the Existing Credit Agreement or any of the Loan
      Documents.
    

    
      SECTION 4.7. Representations and Warranties. To induce the
      Lenders to execute and deliver this Amendment, the Borrower hereby
      represents and warrants to the Lenders on the Amendment Effective Date
      that no Default exists and all statements set forth in clauses (b) and
      (c) of Section 4.02 of the Credit Agreement are true and correct as of
      such date, except to the extent that any such statement expressly
      relates to an earlier date (in which case such statement was true and
      correct on and as of such earlier date).
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      IN WITNESS WHEREOF, the parties hereto have executed and delivered this
      Amendment as of the date first above written.
    

    

    

    	
           
        	
          
            WORTHINGTON INDUSTRIES, INC.,
          

        	

        
	

        	
          
            as the Borrower
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Lester V. Hess
          

        	

        
	

        	

        	
          
            Name: Lester V. Hess
          

        	

        
	

        	

        	
          
            Title: Treasurer
          

        	

        

    

    

    
      S-1
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            PNC BANK, NATIONAL ASSOCIATION,
          

        	

        
	

        	
          
            as Administrative Agent
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/Richard C. Munsick
          

        	

        
	

        	

        	
          
            Name: Richard C. Munsick
          

        	

        
	

        	

        	
          
            Title:  Senior Vice President
          

        	

        
	

        	

        	

        	
           
        
	

        	

        	

        	
           
        
	

        	
          
            PNC BANK, NATIONAL ASSOCIATION,
          

        	

        
	

        	
          
            as a Lender
          

        	

        
	

        	
          
             
          

        	

        	

        
	

        	
          
            By:
          

        	
          
            /s/Richard C. Munsick
          

        	

        
	

        	

        	
          
            Name: Richard C. Munsick
          

        	

        
	

        	

        	
          
            Title:  Senior Vice President
          

        	

        

    

    

    
      S-2
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            THE BANK OF NOVA SCOTIA, as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/James Forward
          

        	

        
	

        	

        	
          
            Name:   James Forward
          

        	

        
	

        	

        	
          
            Title:    Managing Director
          

        	

        

    

    

    
      S-3
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            WACHOVIA BANK, NATIONAL
          

        	

        
	

        	
          
            ASSOCIATION, as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/David K. Holt
          

        	

        
	

        	

        	
          
            Name:  David K. Holt
          

        	

        
	

        	

        	
          
            Title:    Director
          

        	

        

    

    

    
      S-4
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            CREDIT SUISSE, CAYMAN ISLANDS
          

        	

        
	

        	
          
            BRANCH, as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/Karl Studer
          

        	

        
	

        	

        	
          
            Name:   Karl Studer
          

        	

        
	

        	

        	
          
            Title:    Director
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/Markus Frenzen
          

        	

        
	

        	

        	
          
            Name:   Markus Frenzen
          

        	

        
	

        	

        	
          
            Title:    Assistant Vice President
          

        	

        

    

    

    
      S-5
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            FIFTH THIRD BANK, an Ohio Banking
          

        	

        
	

        	
          
            Corporation, as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Brent Jackson
          

        	

        
	

        	

        	
          
            Name:   Brent Jackson
          

        	

        
	

        	

        	
          
            Title:    Vice President
          

        	

        

    

    

    
      S-6
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            U.S. BANK NATIONAL ASSOCIATION,
          

        
	

        	
          
            as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/Robert P Anderson
          

        	

        
	

        	

        	
          
            Name:  Robert P. Anderson
          

        	

        
	

        	

        	
          
            Title:   Vice President
          

        	

        

    

    

    
      S-7
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            CITIZENS BANK OF PENNSYLVANIA,
          

        
	

        	
          
            as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/Clifford A. Mull
          

        	

        
	

        	

        	
          
            Name:  Clifford A. Mull
          

        	

        
	

        	

        	
          
            Title:  Vice President
          

        	

        

    

    

    
      S-9
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            THE NORTHERN TRUST COMPANY,
          

        
	

        	
          
            as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/Jeffrey P. Sullivan
          

        	

        
	

        	

        	
          
            Name:   Jeffrey P. Sullivan
          

        	

        
	

        	

        	
          
            Title:    Vice President
          

        	

        

    

    

    
      S-10
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            THE HUNTINGTON NATIONAL BANK,
          

        
	

        	
          
            as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/Frederick G. Hadley
          

        	

        
	

        	

        	
          
            Name:  Frederick G. Hadley
          

        	

        
	

        	

        	
          
            Title:   Senior Vice President
          

        	

        

    

    

    
      S-11
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            JPMORGAN CHASE BANK, N.A.,
          

        
	

        	
          
            as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Robert S. Sheppard
          

        	

        
	

        	

        	
          
            Name:  Robert S. Sheppard
          

        	

        
	

        	

        	
          
            Title:   Vice President
          

        	

        

    

    

    
      S-12
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            NATIONAL CITY BANK, as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/Michael Kelley
          

        	

        
	

        	

        	
          
            Name:   Michael Kelley
          

        	

        
	

        	

        	
          
            Title:    SVP
          

        	

        

    

    

    
      S-13
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            WELLS FARGO BANK, NATIONAL
          

        
	

        	
          
            ASSOCIATION, as a Lender
          

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Peter R. Martinets
          

        	

        
	

        	

        	
          
            Name:   Peter R. Martinets
          

        	

        
	

        	

        	
          
            Title:    Senior Vice President
          

        	

        

    

    

    
      S-14
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            LASALLE BANK NATIONAL ASSOCIATION,
          

        
	

        	
          
            as a Lender
          

        	

        
	

        	

        	

        	
           
        
	

        	
          
            By:
          

        	
          
            /s/ Anthony M. Buehler
          

        	

        
	

        	
          
            Name:
          

        	
          
            Anthony M. Buehler
          

        	

        
	

        	
          
            Title:
          

        	
          
            Senior Vice President
          

        	

        

    

    

    
      S-15

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