Document:

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                                                                    EXHIBIT 10.9

                           PURCHASE AND SALE AGREEMENT

         THIS AGREEMENT is made and entered into this 13-day of November, 1999,
by and among THE SUMMIT NATIONAL BANK, a wholly-owned subsidiary of SUMMIT BANK
CORPORATION, a Georgia corporation (hereinafter called "Seller"), and THREE
RIVERS LAND DEVELOPMENT, L.L.C., a Georgia limited liability company
(hereinafter called "Buyer") and SILFEN, SEGAL, FRYER & SHUSTER, P.C., a Georgia
professional corporation (hereinafter called "Escrow Agent").

                              W I T N E S S E T H:

          1. Agreement to Sell and Purchase. For and in consideration of the
Earnest Money, hereinafter defined, in hand paid by Buyer to the Escrow Agent
(as specified in Section 3 of this Agreement), the mutual covenants and
agreements contained herein and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged by Seller and Buyer,
Seller hereby agrees to sell and convey to Buyer, and Buyer hereby agrees to
purchase and take from Seller, subject to and in accordance with all of the
terms and conditions of this agreement the following:

                  (a) All that certain lot, tract or parcel of improved real
estate more particularly described on Exhibit "A" attached hereto, together with
all plants, shrubs and trees located thereon, and together with all rights, ways
and easements appurtenant thereto, including, without limitation, all of
Seller's right, title and interest in and to the land underlying and the air
space overlying any public or private ways or streets crossing or abutting said
real estate (hereinafter called the "Land");

                  (b) All buildings, structures and other improvements of any
and every nature located on the Land and all fixtures attached or affixed,
actually or constructively, to the Land or to any such buildings, structures or
other improvements (hereinafter collectively called "Improvements"), including
but not limited to the buildings collectively known as 3280 Holcomb Bridge Road,
Norcross, Gwinnett County, Georgia (i.e., the Peachtree Comers Branch of Summit
National Bank) located on the Land (hereinafter called the "Building");

                  (c) All of the right, title and interest accruing to the owner
of the Land and Improvements in, to and under (i) those management, service and
other contracts and agreements, if any, scheduled and identified on Exhibit "B"
attached hereto (hereinafter called the "Service Agreements"); and (ii) all
warranties, guaranties, certificates, licenses, permits, authorizations,
consents and approvals with respect to the use, occupancy, possession and
operation of the Land and Improvements (hereinafter called the "Permits").

         The Land, Improvements, Service Agreements and Permits are hereinafter
collectively referred to as the "Property". In no event shall the Property
include any signage containing Seller's name (limited, however to only panels
containing Seller's name on any monument sign, and excluding any monument or
pylon structure), or Seller's automated

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teller machines (i.e., ATM), night deposit box, drive-in equipment, or safes,
safe deposit boxes, TELLER COUNTERS, furniture, fixtures or equipment used in
the ordinary course of Seller's business, Buyer acknowledging that same shall
remain the property of the Seller and Seller's affiliates. Notwithstanding the
foregoing, should Seller elect to remove such items from the Property, Seller
shall promptly repair any damage caused by such removal, if any, and shall
restore the Property to a complete and suitable condition following such
removal.

         2. Purchase Price; Method of Payment. The purchase price for the
Property (hereinafter called the "Purchase Price"), shall be Eight Hundred
Thousand and No/100 Dollars ($800,000.00). The Purchase Price, after crediting
the Earnest Money, and subject to the prorations and adjustments hereinafter
described, shall be paid by Buyer to Seller on the Closing Date by wire transfer
of funds to an account designated in writing by Seller.

         3. Escrow Agent. Silfen, Segal, Fryer & Shuster, P.C. shall serve as
Escrow Agent pursuant to the terms and conditions of this Agreement. In
performing any of its duties hereunder, the Escrow Agent shall not -incur any
liability to anyone for any damages, losses or expenses, except for willful
default or breach of trust, and it shall accordingly not incur any such
liability with respect (i) to any action taken or omitted in good faith upon
advice of its counsel, or (b) to any action taken or omitted in reliance upon
any instrument, including any written notice or instruction provided for in this
Agreement not only as to its due execution and the validity and effectiveness of
its provisions, but also as to the truth and accuracy of any information
contained therein, which the Escrow Agent shall in good faith believe to be
genuine, to have been signed or presented by a proper person or persons, and to
conform with the provisions of this Agreement. The Escrow Agent is hereby
specifically authorized to refuse to act except upon the written consent of
Seller and Buyer. Seller and Buyer hereby agree to indemnify and hold harmless
the Escrow Agent against any and all losses, claims, damages, liabilities and
expenses, including, reasonable costs of investigation and counsel fees and
disbursements, which may be imposed upon the Escrow Agent or incurred by the
Escrow Agent in connection with its acceptance or the performance of its duties
hereunder, including any litigation arising from this Contract or involving the
subject matter hereof. In the event of a dispute between Seller and Buyer
sufficient in the discretion of the Escrow Agent to justify its doing so, the
Escrow agent shall be entitled to tender into the registry or custody of any
court of competent jurisdiction, all money or property in its hands under this
Contract, together with such legal pleadings as it deems appropriate, and
thereupon be discharged from all further duties and liabilities under this
Contract. Any such legal action may be brought in any court of competent
jurisdiction located in Fulton County, Georgia or in such other court as the
Escrow Agent shall determine to have jurisdiction thereof. Seller and Buyer
shall bear all costs and expenses of any such legal proceedings. Seller
acknowledges, understands and agrees that (i) Escrow Agent is Buyer's counsel
and as such Escrow Agent has not and will not exercise any independent
professional judgment on Seller's behalf, and (ii) notwithstanding its role as
Escrow Agent hereunder, Escrow Agent may, in the event of a dispute between
Seller and Buyer act as Buyer's counsel and represent

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Buyer in any dispute or litigation, whether or not Escrow Agent resigns and
appoints a successor or substitute escrow agent, which Seller and Buyer
specifically agree Escrow Agent may do. By executing this Agreement, Escrow
Agent acknowledges receipt of the Earnest Money.

         4. Earnest Money. Within twenty-four (24) hours of full execution of
this Agreement, Buyer shall deliver to Escrow Agent the sum of Ten Thousand and
No/100 ($10,000.00) Dollars (hereinafter referred to as the "Earnest Money")
which shall be held by the Escrow Agent in accordance with the terms hereof. On
the Closing Date, the Earnest Money shall be applied as part payment of the
Purchase Price and paid to Seller. By executing the Escrow
Agreement, Escrow Agent acknowledges receipt of the Earnest Money.

         5. Closing. The closing of the purchase and sale of the Property
(hereinafter called "Closing,") shall be held at the offices of Silfen, Segal,
Fryer & Shuster, P.C., Suite 410, 1050 Crown Pointe Parkway, Atlanta, Georgia
30338, at such time and on such date (hereinafter called the "Closing Date") as
may be specified by written notice from Buyer to Seller not less than three (3)
business days prior thereto; provide, however, that the Closing Date shall be
not more than thirty (30) days after expiration of the Due Diligence Period.

         6. Access and Inspection; Delivery of Documents and Information by
Seller; Examination by Buyer.

                  (a) Between the date of this Agreement and the Closing Date,
Buyer and Buyer's agents and designees shall have the right to enter the
Property during normal business hours only for the purposes of inspecting the
Property, conducting, soil tests, and making surveys, mechanical and structural
engineering studies, zoning and permitting studies, lender feasibility studies,
appraisals, and any other investigations and inspections as Buyer may reasonably
require to assess the condition of the Property; provided, however, that such
activities by or on behalf of Buyer on the Property shall not materially damage
the Property, or unreasonably interfere with the use and occupancy of the
Property by Seller. Seller grants Buyer the right, during the period between the
date of this Agreement and the Closing Date, to commission any necessary or
prudent environmental assessments of the Property in a scope and by an
environmental firm acceptable to Buyer, and Seller shall assist and cooperate in
and with said assessment as reasonably requested by Buyer. The costs of the
foregoing examinations, studies and inspections shall be paid by Buyer. Buyer
shall and hereby does indemnify and hold Seller harmless from and against any
and all liability due to the acts or negligence of Buyer and its agents due to
such parties' entry upon the Property for the purpose of either inspecting the
Property or any other exercise of the rights of Buyer under this Agreement.

                  (b) Within five (5) days after the execution hereof, Seller
shall deliver to Buyer, if not previously delivered, or make available to Buyer
for examination and/or

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copying by Buyer, at the address for Buyer set forth herein, the following
documents and information with respect to the Property:

                           (i) All plans, specifications, engineering and
mechanical and reports, including environmental reports, relating to the
Property which are in Seller's possession;

                           (ii) Copies of all maintenance records, Permits and
Service Agreements relating to the
Property;

                           (iii) Unless other-wise provided hereunder, copies of
all maintenance records relating to Capital Repairs of the Property. For
purposes of this Agreement, "Capital Repairs" shall mean the repair or
replacement of the roof, floors, appliances, structural elements, or the
plumbing, HVAC or electrical systems serving, the Property, and such other items
having a useful economic life of at least three (3) years, which do not
constitute maintenance or repair of "ordinary wear and tear" to the Property,
and which add value to the Property;

                           (iv) Seller's title insurance policies with respect
to the Property; and

                           (v) Such other documents in Seller's possession or
control regarding the Property which Buyer may reasonably request.

                  (c) Buyer shall have until forty-five (45) days after deposit
of the Earnest Money (the "Due Diligence Period"), in which to examine and
investigate the Property, and to determine whether the Property is suitable and
satisfactory to Buyer. In the event that Buyer shall determine, in Buyer's sole
and absolute judgment and discretion, that the Property is in any manner
unsuitable or unsatisfactory to Buyer, Buyer shall have the right, at Buyer's
option, to terminate this Agreement by giving written notice thereof to Seller
on or before such date, in which event the Earnest Money shall be refunded to
Buyer immediately upon request, all rights and obligations of the parties under
this agreement shall expire, and this Agreement shall become null and void.
Seller acknowledges that Buyer will expend time, money and other resources in
connection with the examination and investigation of the Property hereinabove
described, and that, notwithstanding the fact that Buyer may terminate this
Agreement pursuant to this paragraph, such time, money and other resources
expended constitutes good, valuable, sufficient and adequate consideration for
Seller's execution of and entry into this Agreement. In the event that Buyer
does not terminate this Agreement on or before expiration of the Due Diligence
Period, the Earnest Money shall be non-refundable, except as otherwise may be
provided hereunder,

         7. Prorations and Adjustments to Purchase Price. The following
prorations and adjustments shall be made between Buyer and Seller as of the day
of Closing, or thereafter if Buyer and Seller shall agree:

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                  (a) All city, state and county ad valorem taxes and similar
impositions levied or imposed upon or assessed against the Property (hereinafter
called the "Taxes"), for the year in which Closing occurs shall be prorated as
of the Closing Date. In the event the Taxes for such year are not determinable
at the time of Closing, said taxes shall be prorated on the basis of the best
available information, and the parties shall re-prorate the Taxes for such year
promptly upon the receipt of the tax bills for such year and shall make between
themselves any equitable adjustment required by reason of any difference between
the estimated amount of the Taxes used as a basis for the proration at Closing
and the actual amount of the Taxes for such year. In the event any of the Taxes
are due and payable at the time of Closing, the same shall be paid at Closing.
If the Taxes are not paid at Closing, Seller shall deliver to Buyer the bills
for the Taxes promptly upon receipt thereof and Buyer shall thereupon be
responsible for the payment in full of the Taxes within the time fixed for
payment thereof and before the same shall become delinquent.

                  (b) All utility charges for the Property (including, without
limitation, telephone, water, storm and sanitary sewer, electricity, gas,
garbage and waste removal) shall be prorated as of the Closing Date, transfer
fees required with respect to any such utility shall be paid by or charged to
Buyer, and Seller shall be credited with any deposits transferred to the account
of Buyer; provided, however, that at either party's election any one or more of
such utility accounts shall be closed as of the Closing Date, in which event
Seller shall be liable and responsible for all charges for service incurred by
Seller through the Closing Date and shall be entitled to all deposits
theretofore made by Seller with respect to such utility, and Buyer shall be
responsible for reopening and reinstituting such service in Buyer's name, and
shall be responsible for any fees, charges and deposits required in connection
with such new account.

                  (c) Any other items which are customarily prorated in
                  connection with the purchase and sale of properties similar to
                  the Property shall be prorated as of the Closing Date.

          8. Title.

                  (a) Seller covenants to convey to Buyer at Closing a good and
marketable fee simple title in and to the Property via Warranty Deed. For the
purposes of this agreement, "good and marketable fee simple title" shall mean
fee simple ownership which is: (i) free of all defects, claims, liens and
encumbrances of any kind or nature whatsoever other than the Permitted
Exceptions, hereinafter defined; and (ii) insurable by a title insurance company
reasonably acceptable to Buyer, at then current standard rates under the
standard form of ALTA owner's policy of title insurance, with the standard
printed exceptions therein deleted and without exception other than for the
Permitted Exceptions.

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                   (b) For the purposes of this Agreement, the term "Permitted
Exceptions" shall mean: (i) Seller's existing first mortgage; (ii) current city,
state and county ad valorem taxes not yet due and payable; (iii) easements for
the installation or maintenance of public utilities serving only the Property;
and (iv) such other matters, if any, as may be listed as permanent exceptions in
Seller's title insurance policy together with subsequent matters not materially
or adversely affecting the marketability of Seller's title.

Buyer shall have until thirty (30) days after deposit of the Earnest Money in
which to examine title to the Property and in which to give Seller written
notice of objections which render Seller's title to the Property less than good
and marketable fee simple. Thereafter, Buyer shall have until the Closing Date
in which to reexamine title to the Property and in which to give Seller written
notice of any additional objections of any subsequent matters arising since the
initial title examination disclosed by such reexamination. Seller shall have
until the Closing Date in which to satisfy all valid objections specified in any
notice by Buyer of title objections.

          9. Survey. Buyer shall have the right to cause an as-built survey of
the Property to be prepared by a surveyor registered and licensed in the State
of Georgia and designated by Buyer. Such survey shall depict such information as
Buyer shall require. In addition to delivery of the Warranty Deed to the
Property, the Seller shall be obligated to deliver to Buyer at Closing a Quit
Claim Deed to any land depicted on said survey not included within the
description of the Property described on Exhibit "A" hereto.

          10. Proceedings at Closing. On the Closing Date, the Closing shall
take place as follows:

                  (a) Seller shall deliver to Buyer the following documents and
instruments, duly executed by Seller:

                           (i) a Warranty Deed in recordable form conveying and
demising the Property as described on Exhibit "A";

                           (ii) a Quitclaim Deed in recordable form conveying
the land described by the survey but not included in the Property;

                           (iii) a seller's affidavit with respect to the
Property in a form and substance reasonably satisfactory to Buyer and Buyer's
title insurer;

                           (iv) if Seller is not a Foreign Person (as defined in
Section 1445 of the Internal Revenue Code of 1986, as amended), a certificate
and affidavit of non-foreign status in a form and substance reasonably
satisfactory to counsel for Buyer;

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                           (v) all such certificates and affidavits, in a form
and substance reasonably satisfactory to counsel for Buyer, with respect to any
tax withholding requirements imposed on sellers of real property under the laws
of the State of Georgia;

                           (vi) a certificate in form and substance reasonably
satisfactory to counsel for Buyer that the representations and warranties of
Seller in this Agreement are true and correct on and as of the Closing Date; and

                           (vii) the signed lease referenced in Section 14(b).

                  (b) Seller shall deliver to Buyer the following, if the same
have not been theretofore delivered by Seller to Buyer:

                           (i) Evidence in form and substance reasonably
satisfactory to Buyer that Seller has the power and authority to execute and
enter into this Agreement and to consummate the purchase and sale of the
Property, and that any and all actions required to authorize and approve the
execution of and entry into this Agreement by Seller, the performance by Seller
of all of Seller's duties and obligations under this Agreement, and the
execution and delivery by Seller of all documents and other items to be executed
and delivered to Buyer at Closing have been accomplished;

                           (ii) To the extent the same are in the possession of
Seller on the date of Seller's execution of this Agreement, the most recent
prior survey of the Land or any portion thereof and all plans and specifications
for any of the Improvements; and

                           (iii) The Service Agreements and the Permits.,

                  (c) Buyer shall deliver to Seller the following documents,
instruments and things, duly executed by Buyer:

                           (i) The Purchase Price, in accordance with the
provisions of this Agreement;

                           (ii) A certificate, in form and substance reasonably
satisfactory to counsel for Seller, to the effect that the representations and
warranties of Buyer in this Agreement are true and correct on and as of the
Closing Date;

                           (iii) The signed lease referenced in Section 14(b);
and

                           (iv) Evidence in form and substance reasonably
satisfactory to Seller that Buyer has the power and authority to execute and
enter into this Agreement and to consummate the purchase and sale of the
Property, and that any and all actions required to

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authorize and approve the execution of and entry into this Agreement by Buyer,
the performance by Buyer of all of Buyer's duties and obligations under this
Agreement, and the execution and delivery by Buyer of all documents and other
items to be executed and delivered to Seller at Closing have been accomplished.

          11. Costs of Closing. Seller shall pay Seller's attorneys' fees, the
State of Georgia Realty Transfer Tax payable on the transfer of the Property and
all recording costs of the conveyance documents but not the Buyer's loan
documents. Buyer shall pay the cost of any survey obtained pursuant to Section 9
hereof, the premium for any owner's policy of title insurance issued in favor of
Buyer insuring Buyer's title to the Property (if Buyer elects to purchase same),
and Buyer's attorneys' fees. All other costs and expenses of the transaction
contemplated hereby shall be borne by the party incurring the same.

          12. Warranties, Representations and Additional Covenants of Seller.
Seller represents, warrants and covenants to and with Buyer, knowing that Buyer
is relying on each such representation, warranty and covenant, that:

                  (a) Seller is duly organized, validly existing, and in good
standing under the laws of the State of Georgia. Seller has the power to own its
properties and assets and to carry on its business as it is now being conducted.
Seller has good and marketable fee simple title to all of the Property (other
than deeds to secure debt and related collateral documentation securing
indebtedness which will be cancelled and satisfied of record at Closing). Seller
has full power to execute and perform this Agreement and to transfer the
Property as herein provided, and such execution and performances does not
conflict with any provisions of its organizational documents or with any
contract or other instrument to which Seller is a party or to which it is bound.
This Agreement, and the covenants and agreements of Seller under this Agreement,
are the valid and binding obligations of Seller, enforceable in accordance with
their terms;

                  (b) Neither the execution of this Agreement nor the
consummation of the transactions contemplated hereby will cause, or give any
person ground to cause, the maturity, acceleration or increase of any liability
or obligation of Seller. There are no actions, suits or proceedings pending or
threatened against, by or affecting Seller which affect title to the Property,
or which question the validity or enforceability of this Agreement or of any
action taken by Seller under this Agreement, in any court or before any
governmental authority, domestic or foreign. There are no pending, threatened or
contemplated condemnation actions involving all or any portion of the Property;

                  (c) The Property is not subject to any special taxes,
assessments, or unrecorded agreements. The Seller has not received any notice
that the Property has been constructed, occupied, used or operated in violation
of any zoning, building, health, environmental or other laws, codes, ordinances,
regulations, orders or requirements of any

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city, county, state or other governmental authority having jurisdiction
thereof, or any private restrictive covenants affecting the Property. To the
best of Seller's knowledge, information and belief, all certificates, licenses,
permits, authorizations, consents and approvals required by any such
governmental authority for the continued use, occupancy and operation of the
Property have been obtained;

                  (d) There are no management, maintenance service or other
contracts with respect to the Property, other than those listed on Exhibit "B"
hereto. On the Closing Date, Seller will not be indebted to any contractor,
laborer, mechanic, materialman, architect or engineer for work, labor or
services performed or rendered, or for materials supplied or furnished, in
connection with the Property for which any such person could claim a lien
against the Property;

          13. Warranties, Representations and Covenants of Buyer. Buyer
represents, warrants and covenants to and with Seller, knowing that Seller is
relying on each representation, warranty and covenant, that:

                  (a) Buyer is a limited liability company duly organized,
validly existing, and in good standing under the laws of the State of Georgia.
Buyer has the power to own its properties and assets and to carry on its
business as it is now being conducted;

                  (b) There are no actions, suits or proceedings pending or
threatened against, by or affecting Buyer which question the validity or
enforceability of this Agreement or of any action taken by Buyer under this
Agreement, in any court or before any governmental authority, domestic or
foreign;

                  (c) The execution of and entry into this Agreement and the
performance by Buyer of Buyer's duties and obligations under this Agreement and
of all other acts necessary and appropriate for the full consummation of the
purchase and sale of the Property as contemplated by and provided for in this
Agreement, are consistent with and not in violation of, and will not create any
adverse condition under, any contract, agreement or other instrument to which
Buyer is a party, or any judicial order or judgment of any nature by which
Buyer, or any officer of Buyer, is bound;

                  (d) This Agreement, and the covenants and agreements of Buyer
under this Agreement, are the valid and binding obligations of Buyer,
enforceable in accordance with their terms; and

                  (e) Buyer will deliver on the Closing Date all documents and
instruments required by this Agreement and perform all acts necessary or
appropriate for the consummation of the purchase and sale of the Property as
contemplated by and provided for in this Agreement.

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           14. Conditions of Buyer's Obligations. Buyer's obligation to
consummate the purchase and sale of the Property on the Closing Date shall be
subject to the satisfaction or performance of the following, terms and
conditions, any one or more of which may be waived by Buyer, in whole or in
part, on or as of the Closing Date:

                  (a) Seller shall have fully and completely kept, observed,
performed, satisfied and complied with all terms, covenants, conditions,
agreements, requirements, restrictions and provisions required by this Agreement
to be kept, observed, performed, satisfied or complied with by Seller before, on
or as of the-Closing Date;

                  (b) The execution of a Lease Agreement between Buyer (as
Landlord) and Seller (as Tenant) for a portion of the Property, upon such terms
and conditions as are outlined in a non-binding letter of intent dated August
27, 1999 and accepted by Seller on September 2, 1999, together with such
additional terms and conditions as are agreed to by the parties.

                  (c) The representations and warranties of Seller in this
Agreement shall be true and correct, and certified by Seller to Buyer as such,
on and as of the Closing Date, in the same manner and with the same effect as
though such representations and warranties had been made on and as of the
Closing Date; and, notwithstanding the fact that such representations and
warranties may be limited to Seller's knowledge and belief of the truth of the
facts, assertions and matters contained therein, the facts, assertions and
matters contained in each of such representations and warranties shall be true
and correct on and as of the Closing Date; and

                  (d) Buyer shall not have terminated this Agreement pursuant to
an express right so to terminate set forth in this Agreement.

If any of the foregoing conditions have not been satisfied or performed on or as
of the Closing Date, Buyer shall have the right, at Buyer's option, either (i)
to terminate this Agreement by giving written notice to Seller on or before the
Closing Date, in which event all rights and obligations of the parties under
this Agreement shall expire, and this Agreement shall become null and void, or
(ii) if such failure of condition constitutes a default by Seller under this
Agreement, to exercise such rights and remedies as may be provided for in
Section 18(b) of this Agreement. In either of such events, the Earnest Money
shall be refunded to Buyer immediately upon request.

          15. Conditions of Seller's Obligations. Seller's obligation to
consummate the purchase and sale of the Property on the Closing Date shall be
subject to the satisfaction or performance of the following terms and
conditions, any one or more of which may be waived by Seller, in whole or in
part, on or as of the Closing Date:

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                   (a) Buyer shall have fully and completely kept, observed,
performed, satisfied and complied with all terms, covenants, conditions,
agreements, requirements, restrictions and provisions required by this Agreement
to be kept, observed, performed, satisfied or complied with by Buyer before, on
or as of the Closing Date;

                  (b) The execution of a Lease Agreement between Buyer (as
Landlord) and Seller (as Tenant) for a portion of the Property, upon such terms
and conditions as are outlined in a non-binding letter of intent dated August
27, 1999 and accepted by Seller on September 2, 1999, together with such
additional terms and conditions as are agreed to' by the parties; and

                  (c) The representations and warranties of Buyer in this
Agreement shall be true and correct, and certified by Buyer to Seller as such,
on and as of the Closing Date, in the same manner and with the same effect as
though such representations and warranties had been made on and as of the
Closing Date; and, notwithstanding the fact that such representations and
warranties may be limited to Buyer's knowledge and belief of the truth of the
facts, assertions and matters contained therein, the facts, assertions and
matters contained in each of such representations and warranties shall be true
and correct on and as of the Closing Date.

If any of the foregoing conditions have not been satisfied or performed on or as
of the Closing Date, Seller shall have the right, at Seller's option, either (i)
to terminate this Agreement by giving written notice to Buyer on or before the
Closing Date, in which event all rights and obligations of the parties under
this Agreement shall expire, and this Agreement shall become null and void, or
(ii) if such failure of condition constitutes a default by Buyer under this
Agreement, to exercise such rights and remedies as may be provided for in
Section 18(a) of this Agreement.

          16. Other Offers and Exclusive Dealing. Unless and until this
Agreement is terminated or the transactions described herein consummated, Seller
shall neither directly nor indirectly, (a) solicit, initiate, encourage or
entertain submission of proposals or offers from any person or entity relating
to the sale of the Property or any portion thereof, (b) participate in any
discussions or negotiations regarding, or, except as required by a legal or
judicial process, furnish to any other person or entity any information with
respect to, or otherwise cooperate in any way with, or assist or participate in,
facilitate or encourage, any effort or attempt by any other person or entity to
purchase the Property or any portion thereof, or (c) consummate any transaction
involving sale or conveyance of the Property or any portion thereof. Seller
shall promptly communicate to Buyer the terms of any such proposal or offer upon
knowledge or receipt of such proposal or offer or upon knowledge that such a
proposal or offer is likely to be made.

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          17. Possession at Closing. Seller shall surrender possession of the
Property to Buyer on the Closing Date.

          18. Remedies.

                  (a) If the purchase and sale of the Property is not
consummated in accordance with the terms and conditions of this Agreement due to
circumstances or conditions which constitutes a default by Buyer under this
Agreement, the Earnest Money shall be delivered to Seller, and such amounts are
not intended as a penalty against Buyer, but rather as a pre estimate of the
probable loss and shall constitute the full liquidated damages for such default.
The parties acknowledge that Seller's actual damages in the event of a default
by Buyer under this Agreement will be difficult to ascertain, and that such
liquidated damages represent the parties' best estimate of such damages. The
parties expressly acknowledge that the foregoing liquidated damages, as
permitted by O.C.G.A. ss. 13-6-7, in the event of Buyer's default and as
compensation for Seller's taking the Property off the market during the term of
this Agreement. Such liquidated damages shall be the sole and exclusive remedy
of Seller by reason of a default by Buyer under this Agreement, and Seller
hereby waives and releases any right to sue Buyer, and hereby covenants not to
sue Buyer, for specific performance of this Agreement or to prove that Seller's
actual damages exceed the amount which is herein provided Seller as full
liquidated damages.

                  (b) If the purchase and sale of the Property is not
consummated in accordance with the terms and conditions of this Agreement due to
circumstances or conditions which constitute a default by Seller under this
Agreement, the Earnest Money shall be refunded to Buyer, immediately upon
request, and Buyer may exercise as its sole and exclusive remedies an action for
specific performance and/or damages up to, but not in excess of, $50,000.00 in
damages. In no event shall Buyer be entitled to assert a claim against Seller
for damages in excess of $50,000.00. Further, in the event Buyer desires to
assert a claim for specific performance against Seller, then Buyer must do so
within ninety (90) days of a default under this Agreement by Seller. After such
ninety (90) day period, Buyer shall not be entitled to bring a claim against
Seller for specific performance but shall be limited to a claim for damages up
to, but not in excess of, $50,000.00.

         19. Risk of Loss and Insurance. (a) Between the date of this Agreement
and Closing, the risks and obligations of ownership and loss of the Property and
the correlative rights against insurance carriers and third parties shall belong
to Seller.

                  (b) In the event of the damage or destruction of a material
portion of the Property (which, for purposes hereof, shall mean that the cost of
repair shall be more than fifty percent (50%) of the Purchase Price), Buyer
shall have the right, at Buyer's option, to terminate this Agreement by giving
written notice thereof to Seller prior to Closing, in which event the Earnest
Money shall be refunded to Buyer, immediately upon request, all rights and

                                      -12-

<PAGE>   13

obligations of the parties under this Agreement shall expire, and this Agreement
shall become null and void. If Buyer does not so terminate this Agreement, at
Seller's option, (i) the parties shall consummate this transaction, without any
reduction in the Purchase Price, and the Seller promptly shall repair or restore
the Property to substantially the same condition as existed before the casualty,
or to such other condition consistent with the provisions of Section 19(d) as
Buyer and Seller shall mutually agree, or (ii) the Purchase Price shall be
reduced by Seller's insurance deductible and upon consummation of this
transaction, Seller shall assign to Buyer all insurance proceeds paid or payable
thereafter by reason of such damage or destruction, and following consummation
of this transaction, Buyer shall construct the improvements upon the Property in
accordance with the provisions of Section 19(d).

                  (c) Should the cost of repair of the damage to the Property
not be more than fifty percent (50%) of the Purchase Price, Buyer shall not have
the right to terminate this Agreement, and the Purchase Price shall be reduced
by Seller's insurance deductible and Seller shall assign to Buyer all insurance
proceeds paid or payable thereafter by reason of such damage or destruction, and
the Buyer shall construct the improvements upon the Property in accordance with
the provisions of Section 19(d).

                  (d) The exterior of the Property shall be restored, and the
interior of the Property shall be rebuilt in a manner to provide Seller with
approximately 2,500 rentable square feet on the first floor thereof, with
comparable finishes as existed prior to such casualty, together with such space
on the second floor thereof necessary to provide Seller with men's and women's
restrooms, a break room, a conference room, and a storage area. The parties
shall negotiate in good faith the exact configuration and other construction
details of the rebuilt improvements, and shall cooperate in the preparation of
plans and specifications for same.

         20. Condemnation. In the event of the taking of all or any part of the
Property by eminent domain proceedings, or the commencement of any such
proceedings, prior to Closing, Buyer shall have the right, at Buyer's option, to
terminate this Agreement by giving written notice thereof to Seller prior to
Closing, in which event the Earnest Money shall be refunded to Buyer,
immediately upon request, and all rights and obligations of the parties under
this Agreement shall expire, and this Agreement shall become null and void. If
Buyer does not so terminate this Agreement, the Purchase Price shall not be
reduced, but Seller shall assign to Buyer all rights of Seller in and to any
awards or other proceeds paid or payable thereafter by reason of any taking.
Seller shall notify Buyer of eminent domain proceedings within five (5) days
after Seller learns thereof.

         21. Assignment. This Agreement may be assigned by Buyer, in whole or in
part, to any entity under the control of Buyer or its members, and such
assignment shall relieve Buyer of liability for the performance of Buyer's
duties and obligations under this Agreement. For purposes of this Agreement, the
term "Buyer" shall include any assignee of the interest of Buyer under this
Agreement. No other assignments by Buyer shall be

                                      -13-

<PAGE>   14

permitted except with the prior written consent of Seller, which consent shall
not be unreasonably withheld, delayed or conditioned.

         22. Parties. This Agreement shall be binding upon and enforceable
against, and shall inure to the benefit of, Buyer and Seller and their
respective heirs, legal representatives, successors and permitted assigns.

         23. Broker and Commission. None of the parties hereto have employed the
services of any other broker or sales agent, licensed or otherwise, in
connection with this purchase and sale of the Property. In the event of a claim
for any commission or fee by any other broker, agent, sales person or finder,
the party through whom such claim arose hereby agrees to indemnify and hold the
other parties hereto harmless from any and all such claims and any and all
demands, costs, expenses, and causes of action in connection therewith.

         24. Further Assurances. At Closing, and from time to time thereafter,
Buyer and Seller shall do all such additional and further acts, and shall
execute and deliver all such additional and further deeds, affidavits,
instruments, certificates and documents, as Seller, Seller's counsel, Buyer,
Buyer's counsel or Buyer's title insurer may reasonably require fully to vest in
and assure to Buyer full right, title and interest in and to the Property to the
full extent contemplated by this Agreement and otherwise to effectuate the
purchase and sale of the Property as contemplated by and provided for in this
Agreement.

         25. Survival. Each party's representations and warranties as set forth
in this Agreement, shall survive the consummation of the purchase and sale of
the Property on the Closing Date, the delivery of the deed and the payment of
the Purchase for a period of six (6) months, and shall not be deemed merged into
the deed of conveyance. Following such six (6) month period, each party's
representations and warranties shall be deemed merged into the deed of
conveyance.

         26. Modification. This Agreement supersedes all prior discussions and
agreements between Seller and Buyer with respect to the purchase and sale of the
Property, including but not limited to that certain non-binding letter of intent
dated August 27, 1999, and other matters contained herein, and this Agreement
contains the sole and entire understanding between Seller and Buyer with respect
thereto. This Agreement shall not be modified or amended except by an instrument
in writing executed by or on behalf of Seller and Buyer.

         27. Applicable Law. This Agreement shall be governed by, construed
under and interpreted and enforced in accordance with the laws of the State of
Georgia.

         28. Time. Time is and shall be of the essence of this Agreement.

                                      -14-

<PAGE>   15

         29. Captions. The captions and headings used in this Agreement are for
convenience only and do not in any way restrict, modify or amplify the terms of
this Agreement.

         30. Exhibits. Each and every Exhibit referred to or otherwise mentioned
in this Agreement is attached to this Agreement and is and shall be construed to
be made a part of this Agreement by such reference or other mention occurs, in
the same manner and with the same effect as if each Exhibit were set forth in
full and at length every time it is referred to or otherwise mentioned.

         31. Notices. All notices, requests, demands, tenders and other
communications under this Agreement shall be in writing. Any such notice,
request, demand, tender or other communication shall be deemed to have been duly
given if personally delivered or deposited in the United States Mail, Certified
Mail, Return Receipt Requested, with all postage prepaid, to the address for
each party as follows:

                If to Buyer:           Three Rivers Land Development, L.L.C.
                                       Suite 101
                                       3312 Piedmont Road
                                       Atlanta, Georgia 30305

                   With a copy to:     Charles I. Pollack, Esq.
                                       Silfen, Segal, Fryer & Shuster, P.C.
                                       1050 Crown Pointe Parkway, Suite 410
                                       Atlanta, Georgia 30338

                If to Seller:          The Summit National Bank
                                       Attn: President
                                       4360 Chamblee Dunwoody Road
                                       Atlanta, Georgia 30341

                If to Escrow Agent:    Silfen, Segal, Fryer & Shuster, P.C.
                                       Attn: Michael H. Shuster, Esq.
                                       1050 Crown Pointe Parkway, Suite 410
                                       Atlanta, Georgia 30338

or at such address as may be furnished in writing from time to time by any party
hereto.

         32. Counterparts. This Agreement may be executed in several
counterparts, each of which shall be deemed an original, and all of such
counterparts together shall constitute one and the same instrument.

                                      -15-

<PAGE>   16

         33. Mutual Representation as to Authority. Each individual whose
signature appears below warrants and represents to all parties hereto that such
individual has full right and authority to execute this Agreement in the
capacity designated, and further warrants and represents that all to the best of
such individual's knowledge, information and belief, that such signatures are
sufficient to bind the party on whose behalf this Agreement is being executed to
the terms and provisions hereof.

       IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered under seal as of the date first above written.

BUYER:                                        SELLER:

THREE RIVERS LAND
DEVELOPMENT L.L.C.                            THE SUMMIT NATIONAL BANK

By:  /s/ Mark Harris     (SEAL)               By: /s/ Pin Pin Chau
     --------------------                         ---------------------
     Mark Harris                                  Pin Pin Chau
     Member/Manger                                President

                                                    [CORPORATE SEAL]

ESCROW AGENT:

SILFEN, SEGAL, FRYER & SHUSTER,
P.C.

By:   /s/ Michael H. Shuster
      -----------------------
      Michael H. Shuster
      Vice President

        [CORPORATE SEAL]

                                      -16-

<PAGE>   17

                                  EXHIBIT "A"

         All that tract or parcel of land lying and being in Land Lots 274 &
283, 6th Land District, Gwinnett County, Georgia, containing 1,452 acres on
survey for Gwinnett County Bank, dated August 4, 1980, prepared by Michael A.
Royston, Registered Land Surveyor, recorded in Plat Book 13, Page 146A,
Gwinnett County Plat Records, which plat is by reference incorporated herein
and made a part hereof.
<PAGE>   18
                                  EXHIBIT "B"

                           LIST OF SERVICE AGREEMENTS<PAGE>   1

                                                                 EXHIBIT 10.10

                                    @PLAN.INC

                    1999 STOCK OPTION PLAN FOR NEW EMPLOYEES

SECTION 1.  PURPOSE; DEFINITIONS.

        The purpose of the @plan.inc 1999 Stock Option Plan for New Employees
(the "Plan") is to enable @plan.inc (the "Corporation") to attract persons not
previously employed by the Corporation and to offer equity interests in the
Corporation as an inducement essential to the person's entering an employment
contract with the Corporation. The creation of the Plan shall not diminish or
prejudice other compensation programs approved from time to time by the Board.

        For purposes of the Plan, the following terms shall be defined as set
forth below:

        A. "Affiliate" means any entity other than the Corporation and its
Subsidiaries that is designated by the Board as a participating employer under
the Plan, provided that the Corporation directly or indirectly owns at least 20%
of the combined voting power of all classes of stock of such entity or at least
20% of the ownership interests in such entity.

        B. "Board" means the Board of Directors of the Corporation.

        C. "Cause" has the meaning provided in Section 5(j) of the Plan.

        D. "Change in Control" has the meaning provided in Section 6(b) of the
Plan.

        E. "Change in Control Price" has the meaning provided in Section 6(d) of
the Plan.

        F. "Common Stock" means the Corporation's Common Stock, no par value per
share.

        G. "Code" means the Internal Revenue Code of 1986, as amended from time
to time, and any successor thereto.

        H. "Committee" means the Committee referred to in Section 2 of the Plan.

        I. "Corporation" means @plan.inc, a corporation organized under the laws
of the State of Tennessee, or any successor corporation.

        J. "Disability" means disability as determined under the Corporation's
insurance plans.

        K. "Early Retirement" means retirement, for purposes of this Plan with
the express consent of the Corporation at or before the time of such retirement,
from active employment with the Corporation and any Subsidiary or Affiliate
prior to age 65, in accordance with any applicable early retirement policy of
the Corporation then in effect or as may be approved by the Committee.

        L. "Effective Date" has the meaning provided in Section 10 of the Plan.

<PAGE>   2

        M. "Exchange Act" means the Securities Exchange Act of 1934, as amended
from time to time, and any successor thereto.

        N. "Fair Market Value" means with respect to the Common Stock, as of any
given date or dates, unless otherwise determined by the Committee in good faith,
the reported closing price of a share of Common Stock on Nasdaq or such other
market or exchange as is the principal trading market for the Common Stock, or,
if no such sale of a share of Common Stock is reported on Nasdaq or other
exchange or principal trading market on such date, the fair market value of a
share of Common Stock as determined by the Committee in good faith.

        O. "Immediate Family" means any child, stepchild, grandchild, parent,
stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, and shall include
adoptive relationships.

        P. "Nasdaq" means The Nasdaq National Stock Market.

        Q. "Non-Qualified Stock Option" means any stock option granted pursuant
to Section 5 hereof that is not an incentive stock option within the meaning of
Section 422 of the Code

        R. "Normal Retirement" means retirement from active employment with the
Corporation and any Subsidiary or Affiliate on or after age 65.

        S. "Plan" means this @plan.inc 1999 Stock Option Plan for New Employees,
as amended from time to time.

        T. "Retirement" means Normal or Early Retirement.

        U. "Subsidiary" means any corporation (other than the Corporation) in an
unbroken chain of corporations beginning with the Corporation if each of the
corporations (other than the last corporation in the unbroken chain) owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one of the other corporations in the chain.

SECTION 2.  ADMINISTRATION.

        The Plan shall be administered by a Committee of not less than two
Non-Employee Directors, who shall be appointed by the Board and who shall serve
at the pleasure of the Board. The functions of the Committee specified in the
Plan may be exercised by an existing Committee of the Board composed exclusively
of Non-Employee Directors. The initial Committee shall be the Compensation
Committee of the Board. In the event there are not at least two Non-Employee
Directors on the Board, the Plan shall be administered by the Board and all
references herein to the Committee shall refer to the Board.

                                        2

<PAGE>   3

        The Committee shall have authority to grant, pursuant to the terms of
the Plan, Non-Qualified Stock Options to new employees of the Corporation.

        In particular, the Committee, or the Board, as the case may be, shall
have the authority, consistent with the terms of the Plan:

               (a) to select the new employees of the Corporation and its
        Subsidiaries and Affiliates to whom Non-Qualified Stock Options, may
        from time to time be granted hereunder;

               (b) to determine whether and to what extent Non-Qualified Stock
        Options are to be granted hereunder to one or more eligible persons;

               (c) to determine the number of shares to be covered by each such
        award granted hereunder;

               (d) to determine the terms and conditions, not inconsistent with
        the terms of the Plan, of any award granted hereunder (including, but
        not limited to, the share price and any restriction or limitation, or
        any vesting acceleration or waiver of forfeiture restrictions regarding
        any Non-Qualified Stock Option and/or the shares of Common Stock
        relating thereto, based in each case on such factors as the Committee
        shall determine, in its sole discretion); and to amend or waive any such
        terms and conditions to the extent permitted by Section 7 hereof;

               (e) to determine whether and under what circumstances a
        Non-Qualified Stock Option may be settled in cash instead of Common
        Stock;

               (f) to determine whether, to what extent, and under what
        circumstances NonQualified Stock Option grants under the Plan are to be
        made, and operate, on a tandem basis vis-a-vis cash awards made outside
        of the Plan;

               (g) to determine whether, to what extent, and under what
        circumstances shares of Common Stock and other amounts payable with
        respect to an award under this Plan shall be deferred either
        automatically or at the election of the participant (including providing
        for and determining the amount (if any) of any deemed earnings on any
        deferred amount during any deferral period);

               (h) to determine whether to require payment of tax withholding
        requirements in shares of Common Stock subject to the award; and

               (i) to impose any holding period required to satisfy Section 16
        under the Exchange Act.

                                        3

<PAGE>   4

        The Committee shall have the authority to adopt, alter, and repeal such
rules, guidelines, and practices governing the Plan as it shall, from time to
time, deem advisable; to interpret and construe the terms and provisions of the
Plan and any award issued under the Plan (and any agreements relating thereto);
and to otherwise supervise the administration of the Plan; provided, however,
that, to the extent that this Plan otherwise requires the approval of the Board
or the shareholders of the Corporation, all decisions of the Committee shall be
subject to such Board or shareholder approval. Subject to the foregoing, all
decisions made by the Committee pursuant to the provisions of the Plan shall be
made in the Committee's sole discretion and shall be final and binding on all
persons, including the Corporation and Plan participants.

SECTION 3.  SHARES OF COMMON STOCK SUBJECT TO PLAN.

        (a) As of the Effective Date, the aggregate number of shares of Common
Stock that may be issued under the Plan shall be 400,000 shares. The shares of
Common Stock issuable under the Plan may consist, in whole or in part, of
authorized and unissued shares or treasury shares.

        (b) If any shares of Common Stock that have been optioned cease to be
subject to a NonQualified Stock Option or any such award otherwise terminates
without a payment being made to the participant in the form of Common Stock,
such shares shall again be available for distribution in connection with future
awards under the Plan.

        (c) In the event of any merger, reorganization, consolidation,
recapitalization, extraordinary cash dividend, stock dividend, stock split or
other change in corporate structure affecting the Common Stock, an appropriate
substitution or adjustment shall be made in the maximum number of shares that
may be awarded under the Plan and in the number and option price of shares
subject to outstanding Non-Qualified Options granted under the Plan provided
that the number of shares subject to any award shall always be a whole number.

SECTION 4.  ELIGIBILITY.

        New employees are eligible to be granted awards under the Plan as an
inducement essential to their entering into an employment contract with the
Corporation.

SECTION 5.  NON-QUALIFIED STOCK OPTIONS.

        Non-Qualified Stock Options may be granted alone, in addition to, or in
tandem with cash awards made outside of the Plan. Any Non-Qualified Stock Option
granted under the Plan shall be in such form as the Committee may from time to
time approve.

                                        4

<PAGE>   5

        Non-Qualified Stock Options granted to new employees under the Plan
shall be subject to the following terms and conditions and shall contain such
additional terms and conditions, not inconsistent with the terms of the Plan, as
the Committee shall deem desirable.

               (a) Option Price. The option price per share of Common Stock
        purchasable under a Non-Qualified Stock Option shall be determined by
        the Committee at the time of grant.

               (b) Option Term. The term of each Non-Qualified Stock Option
        shall be fixed by the Committee.

               (c) Exercisability. Non-Qualified Stock Options shall be
        exercisable at such time or times and subject to such terms and
        conditions as shall be determined by the Committee at or after grant.
        The Committee may provide that a Non-Qualified Stock Option shall vest
        over a period of future service at a rate specified at the time of
        grant, or that the Non-Qualified Stock Option shall be exercisable only
        in installments. If the Committee provides, in its sole discretion, that
        any Non-Qualified Stock Option is exercisable only in installments, the
        Committee may waive such installment exercise provisions at any time at
        or after grant, in whole or in part, based on such factors as the
        Committee shall determine in its sole discretion.

               (d) Method of Exercise. Subject to whatever installment exercise
        restrictions apply under Section 5(c), Non-Qualified Stock Options may
        be exercised in whole or in part at any time during the option period,
        by giving written notice of exercise to the Corporation specifying the
        number of shares to be purchased. Such notice shall be accompanied by
        payment in full of the purchase price, either by check or such other
        instrument as the Committee may accept. As determined by the Committee,
        in its sole discretion, at or after grant, payment in full or in part
        may also be made in the form of shares of Common Stock already owned by
        the optionee valued at the Fair Market Value of the Common Stock on the
        date the Non-Qualified Stock Option is exercised. If payment of the
        exercise price is made in part or in full with Common Stock, the
        Committee may award to the employee a new Non-Qualified Stock Option to
        replace the Common Stock which was surrendered. No shares of Common
        Stock shall be issued until full payment therefor has been made. An
        optionee shall generally have the rights to dividends or other rights of
        a shareholder with respect to shares subject to the Non-Qualified Stock
        Option when the optionee has given written notice of exercise and has
        paid in full for such shares.

               (e) Transferability of Options. No Non-Qualified Stock Option
        shall be transferable by the optionee without the prior written consent
        of the Committee other than (i) transfers by the Optionee to a member of
        his or her Immediate Family or a trust for the benefit of the optionee
        or a member of his or her Immediate Family, or (ii) transfers by will or
        by the laws of descent and distribution.

                                        5

<PAGE>   6

               (f) Bonus for Taxes. In the case of a Non-Qualified Stock Option,
        the Committee in its discretion may award at the time of grant or
        thereafter the right to receive upon exercise of such Non-Qualified
        Stock Option a cash bonus calculated to pay part or all of the federal
        and, if any, state income tax incurred by the optionee upon such
        exercise.

               (g) Termination by Death. If an optionee's employment by the
        Corporation and any Subsidiary or Affiliate terminates by reason of
        death, any Non-Qualified Stock Option held by such optionee may
        thereafter be exercised, to the extent such option was exercisable at
        the time of death or on such accelerated basis as the Committee may
        determine at or after grant (or as may be determined in accordance with
        procedures established by the Committee) by the legal representative of
        the estate or by the legatee of the optionee under the will of the
        optionee, for a period of one year (or such other period as the
        Committee may specify at or after grant) from the date of such death or
        until the expiration of the stated term of such Non-Qualified Stock
        Option, whichever period is the shorter.

               (h) Termination by Reason of Disability. If an optionee's
        employment by the Corporation and any Subsidiary or Affiliate terminates
        by reason of Disability, any NonQualified Stock Option held by such
        optionee may thereafter be exercised by the optionee, to the extent it
        was exercisable at the time of termination or on such accelerated basis
        as the Committee may determine at or after grant (or as may be
        determined in accordance with procedures established by the Committee),
        for a period of three years (or such other period as the Committee may
        specify at or after grant) from the date of such termination of
        employment or until the expiration of the stated term of such
        Non-Qualified Stock Option, whichever period is the shorter, provided
        however, that, if the optionee dies within the period specified above
        (or other such period as the committee shall specify at or after grant),
        any unexercised Non-Qualified Stock Option held by such optionee shall
        thereafter be exercisable to the extent to which it was exercisable at
        the time of death for a period of twelve months (or other such period as
        the Committee shall specify at or after grant) from the date of such
        death or until the expiration of the stated term of such Non-Qualified
        Stock Option, whichever period is shorter.

               (i) Termination by Reason of Retirement. If an optionee's
        employment by the Corporation and any Subsidiary or Affiliate terminates
        by reason of Normal or Early Retirement, any Non-Qualified Stock Option
        held by such optionee may thereafter be exercised by the optionee, to
        the extent it was exercisable at the time of such Retirement or on such
        accelerated basis as the Committee may determine at or after grant or,
        as may be determined in accordance with procedures established by the
        Committee, for a period of three years (or such other period as the
        Committee may specify at or after grant) from the date of such
        termination of employment or the expiration of the stated term of such
        NonQualified Stock Option, whichever period is the shorter; provided
        however, that, if the optionee dies within the period specified above
        (or other such period as the Committee shall specify at or after grant),
        any unexercised Non-Qualified Stock Option held by such optionee shall
        thereafter be exercisable to the extent to which it was exercisable at
        the time of death

                                        6

<PAGE>   7

        for a period of twelve months (or other such period as the Committee
        shall specify at or after grant) from the date of such death or until
        the expiration of the stated term of such Non-Qualified Stock Option,
        whichever period is shorter.

               (j) Other Termination. Unless otherwise determined by the
        Committee (or pursuant to procedures established by the Committee) at or
        after grant, if an optionee's employment by the Corporation and any
        Subsidiary or Affiliate is involuntarily terminated for any reason other
        than death, Disability or Normal or Early Retirement, or if optionee
        voluntarily terminates employment, the Non-Qualified Stock Option shall
        thereupon terminate, except that such Non-Qualified Stock Option may be
        exercised, to the extent otherwise then exercisable, for the lesser of
        three months (or other such period as the Committee shall specify at or
        after grant) or the balance of such Non-Qualified Stock Option's term if
        the involuntary termination is without Cause. For purposes of this Plan,
        "Cause" means (i) a felony conviction of a participant or the failure of
        a participant to contest prosecution for a felony, or (ii) a
        participant's willful misconduct or dishonesty, which is directly and
        materially harmful to the business or reputation of the Corporation or
        any Subsidiary or Affiliate. If an optionee voluntarily terminates
        employment with the Corporation and any Subsidiary or Affiliate (except
        for Disability, Normal or Early Retirement), the Non-Qualified Stock
        Option shall thereupon terminate; provided, however, that the Committee
        at grant or thereafter may extend the exercise period in this situation
        for the lesser of three months or the balance of such Non-Qualified
        Stock Option's term.

SECTION 6.  CHANGE IN CONTROL PROVISIONS.

               (a) Impact of Event.  In the event of:

                   (1) a "Change in Control" as defined in Section 6(b); or

                   (2) a "Potential Change in Control" as defined in Section
            6(c), but only if and to the extent so determined by the
            Committee or the Board at or after grant (subject to any right of
            approval expressly reserved by the Committee or the Board at the
            time of such determination),

                   (i) Subject to the limitations set forth below in this
            Section 6(a), any Non-Qualified Stock Option awarded under the Plan
            not previously exercisable and vested shall become fully exercisable
            and vested.

                   (ii) Subject to the limitations set forth below in this
            Section 6(a), the value of all outstanding Non-Qualified Stock
            Options to the extent vested, shall, unless otherwise determined by
            the Board or by the Committee in its sole discretion prior to any
            Change in Control, be cashed out on the basis of the "Change in
            Control Price" as defined in Section 6(d) as of the date such Change
            in Control or such

                                        7

<PAGE>   8

            Potential Change in Control is determined to have occurred or such
            other date as the Board or Committee may determine prior to the
            Change in Control.

                   (iii) The Board or the Committee may impose additional
            conditions on the acceleration or valuation of any option in the
            option agreement.

            (b) Definition of Change in Control. For purposes of Section 6(a), a
      "Change in Control" means the happening of any of the following:

                   (i) any person or entity, including a "group" as defined in
            Section 13(d)(3) of the Exchange Act, other than the Corporation or
            a wholly-owned subsidiary thereof or any employee benefit plan of
            the Corporation or any of its Subsidiaries, becomes the beneficial
            owner of the Corporation's securities having 50% or more of the
            combined voting power of the then outstanding securities of the
            Corporation that may be cast for the election of directors of the
            Corporation (other than as a result of an issuance of securities
            initiated by the Corporation in the ordinary course of business); or

                   (ii) as the result of, or in connection with, any cash tender
            or exchange offer, merger or other business combination, sales of
            assets or contested election, or any combination of the foregoing
            transactions, less than a majority of the combined voting power of
            the then outstanding securities of the Corporation or any successor
            corporation or entity entitled to vote generally in the election of
            the directors of the Corporation or such other corporation or entity
            after such transaction are held in the aggregate by the holders of
            the Corporation's securities entitled to vote generally in the
            election of directors of the Corporation immediately prior to such
            transaction; or

                   (iii) during any period of two consecutive years, individuals
            who at the beginning of any such period constitute the Board cease
            for any reason to constitute at least a majority thereof, unless the
            election, or the nomination for election by the Corporation's
            shareholders, of each director of the Corporation first elected
            during such period was approved by a vote of at least two-thirds of
            the directors of the Corporation then still in office who were
            directors of the Corporation at the beginning of any such period.

            (c) Definition of Potential Change in Control. For purposes of
      Section 6(a), a "Potential Change in Control" means the happening of any
      one of the following:

                   (i) The approval by shareholders of an agreement by the
            Corporation, the consummation of which would result in a Change in
            Control of the Corporation as defined in Section 6(b); or

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<PAGE>   9

                   (ii) The acquisition of beneficial ownership, directly or
            indirectly, by any entity, person or group (other than the
            Corporation or a Subsidiary or any Corporation employee benefit plan
            (including any trustee of such plan acting as such trustee)) of
            securities of the Corporation representing 5% or more of the
            combined voting power of the Corporation's outstanding securities
            and the adoption by the Committee of a resolution to the effect that
            a Potential Change in Control of the Corporation has occurred for
            purposes of this Plan.

            (d) Change in Control Price. For purposes of this Section 6, "Change
      in Control Price" means the highest price per share paid in any
      transaction reported on Nasdaq or such other exchange or market as is the
      principal trading market for the Common Stock, or paid or offered in any
      bona fide transaction related to a Potential or actual Change in Control
      of the Corporation at any time during the 60 day period immediately
      preceding the occurrence of the Change in Control (or, where applicable,
      the occurrence of the Potential Change in Control event), in each case as
      determined by the Committee.

SECTION 7. AMENDMENTS AND TERMINATION.

        The Board may at any time amend, alter or discontinue the Plan;
provided, however, that, without the approval of the Corporation's shareholders,
no amendment or alteration may be made which would make any change for which
applicable law or regulatory authority (including the regulatory authority of
Nasdaq or any other market or exchange on which the Common Stock is traded)
would require shareholder approval. No amendment, alteration, or discontinuation
shall be made which would impair the rights of an optionee or participant under
a Non-Qualified Stock Option theretofore granted, without the participant's
consent.

        The Committee may amend the terms of any Non-Qualified Stock Option or
other award theretofore granted, prospectively or retroactively, but, subject to
Section 2 above, no such amendment shall impair the rights of any holder without
the holder's consent. The Committee may also substitute new Non-Qualified Stock
Options for previously granted Non-Qualified Stock Options (on a one for one or
other basis), including previously granted Non-Qualified Stock Options having
higher option exercise prices.

SECTION 8. UNFUNDED STATUS OF PLAN.

        The Plan is intended to constitute an "unfunded" plan for incentive and
deferred compensation. With respect to any payments not yet made to a
participant or optionee by the Corporation, nothing contained herein shall give
any such participant or optionee any rights that are greater than those of a
general creditor of the Corporation. In its sole discretion, however, the
Committee may authorize the creation of trusts or other arrangements to meet the
obligations created under the Plan to deliver Common Stock or payments in lieu
thereof as provided hereunder; provided, however, that no such trust or other
funding arrangement shall be implemented unless the

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<PAGE>   10

Committee determines with the consent of the affected participant that the
existence of such trusts or other arrangements would be consistent with the
"unfunded" status of the Plan.

SECTION 9. GENERAL PROVISIONS.

               (a) All certificates for shares of Common Stock or other
        securities delivered under the Plan shall be subject to such
        stock-transfer orders and other restrictions as the Committee may deem
        advisable under the rules, regulations, and other requirements of the
        Commission, any stock exchange upon which the Common Stock is then
        listed, and any applicable Federal or state securities law, and the
        Committee may cause a legend or legends to be put on any such
        certificates to make appropriate reference to such restrictions.

               (b) Nothing contained in this Plan shall prevent the Board from
        adopting other or additional compensation arrangements, subject to
        shareholder approval if such approval is required; and such arrangements
        may be either generally applicable or applicable only in specific cases.

               (c) The adoption of the Plan shall not confer upon any employee
        of the Corporation or any Subsidiary or Affiliate any right to continued
        employment with the Corporation or a Subsidiary or Affiliate, as the
        case may be, nor shall it interfere in any way with the right of the
        Corporation or a Subsidiary or Affiliate to terminate the employment of
        any of its employees at any time.

               (d) No later than the date as of which an amount first becomes
        includible in the gross income of the participant for Federal income tax
        purposes with respect to any award under the Plan, the participant shall
        pay to the Corporation, or make arrangements satisfactory to the
        Committee regarding the payment of, any Federal, state, or local taxes
        of any kind required by law to be withheld with respect to such amount.
        The Committee may require withholding obligations to be settled with
        Common Stock, including Common Stock that is part of the award that
        gives rise to the withholding requirement. The obligations of the
        Corporation under the Plan shall be conditional on such payment or
        arrangements and the Corporation and its Subsidiaries or Affiliates
        shall, to the extent permitted by law, have the right to deduct any such
        taxes from any payment of any kind otherwise due to the participant.

               (e) The Plan and all awards made and actions taken thereunder
        shall be governed by and construed in accordance with the laws of the
        State of Tennessee.

               (f) The members of the Committee and the Board shall not be
        liable to any employee or other person with respect to any determination
        made hereunder in a manner that is not inconsistent with their legal
        obligations as members of the Board. In addition to such other rights of
        indemnification as they may have as directors or as members of the

                                       10

<PAGE>   11

        Committee, the members of the Committee shall be indemnified by the
        Corporation against the reasonable expenses, including attorneys' fees
        actually and necessarily incurred in connection with the defense of any
        action, suit or proceeding, or in connection with any appeal therein, to
        which they or any of them may be a party by reason of any action taken
        or failure to act under or in connection with the Plan or any option
        granted thereunder, and against all amounts paid by them in settlement
        thereof (provided such settlement is approved by independent legal
        counsel selected by the Corporation) or paid by them in satisfaction of
        a judgment in any such action, suit or proceeding, except in relation to
        matters as to which it shall be adjudged in such action, suit or
        proceeding that such Committee member is liable for negligence or
        misconduct in the performance of his duties; provided that within 60
        days after institution of any such action, suit or proceeding, the
        Committee member shall in writing offer the Corporation the opportunity,
        at its own expense, to handle and defend the same.

               (g) The Committee may, at or after grant, condition the receipt
        of any payment in respect of any award or the transfer of any shares
        subject to an award on the satisfaction of a six-month holding period,
        if such holding period is required for compliance with Section 16 under
        the Exchange Act.

SECTION 10. EFFECTIVE DATE OF PLAN.

        The Plan shall be effective October, 1999, (the "Effective Date"),
provided that it has been approved by the Board of the Corporation.

SECTION 11. TERM OF PLAN.

        No Non-Qualified Stock Option shall be granted pursuant to the Plan on
or after the tenth anniversary of the Effective Date of the Plan, but awards
granted prior to such tenth anniversary may be extended beyond that date.

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