Document:

<PAGE>

                                                                  EXHIBIT 10.3.2

                           NORTHSIDE BANCSHARES, INC.

                            NONQUALIFIED STOCK OPTION
                                  COMMON STOCK
                           ($1.00 PAR VALUE PER SHARE)

STOCK OPTION PLAN:   NORTHSIDE BANCSHARES, INC.
                     2005 STOCK OPTION PLAN

OPTION FOR THE PURCHASE OF: _________ SHARES

EXERCISE PRICE PER SHARE: _________

DATE OF GRANT: __________________

      THIS OPTION AGREEMENT, made and entered into this ____ day of __________,
2005 by and between Northside Bancshares, Inc., a Georgia corporation (the
"Company"), and ______________________________________ (the "Grantee");

                                   WITNESSETH:

      WHEREAS, the NORTHSIDE BANCSHARES, INC. 2005 STOCK OPTION PLAN (the
"Plan") has been adopted by the Company; and

      WHEREAS, Article II of the Plan authorizes the Committee to cause the
Company to enter into a written agreement with the Grantee setting forth the
form and the amount of any award and any conditions and restrictions of the
award imposed by the Plan and the Committee; and

      WHEREAS, the Committee desires to make an award to the Grantee consisting
of a Nonqualified Stock Option;

      NOW, THEREFORE, in consideration of the mutual covenants contained herein,
and other good and valuable consideration, the receipt of which is hereby
acknowledged, the Company and the Grantee hereby agree as follows:

      1.    General Definitions. Any capitalized terms herein shall have the
meaning set forth in the Plan, and, in addition, for purposes of this Option
Agreement, each of the following terms, when used herein, shall have the meaning
set forth below:

            (a)   "Change in Control" shall mean circumstances whereby one of
the following events occurs during the term of this Option Agreement:

<PAGE>

                  (i)   a notice or an application is filed with the Federal
            Reserve Board ("FRB") pursuant to Regulation "Y" of the FRB under
            the Change in Bank Control Act or the Bank Holding Company Act or
            with the Georgia Department of Banking and Finance pursuant to the
            Financial Institutions Code of Georgia for permission to acquire
            control of the Company; or

                  (ii)  more than 25% of the Company's outstanding common stock
            or equivalent in voting power of any class or classes of outstanding
            securities of the Company entitled to vote in elections of the Board
            of Directors shall be acquired by any corporation or other person,
            or group; or

                  (iii) the Company shall become a subsidiary of another
            corporation or shall be merged or consolidated into another
            corporation and (a) less than a majority of the outstanding voting
            shares of the parent or surviving corporation after such
            acquisition, merger or consolidation are owned immediately after
            such acquisition, merger or consolidation by the owners of the
            voting shares of the Company immediately before such acquisition,
            merger or consolidation, or (b) less than a majority of the members
            of the board of directors of the corporation resulting from such
            business combination were members of the Board of Directors at the
            time of the execution of the initial agreement for such merger or
            consolidation; or

                  (iv) substantially all of the assets of the Company shall be
            sold to another entity other than a sale to a wholly-owned
            subsidiary of the Company.

            (b)   The "Code" shall mean the Internal Revenue Code of 1986, as
amended.

            (c)   The "Common Stock" shall mean the common stock of the Company,
$1.00 par value per share.

            (d)   The "Exercise Date" shall mean the first anniversary of the
Date of Grant. At any time during the period of this Option commencing with the
first anniversary of the Date of Grant, the Grantee may purchase up to 20% of
the shares covered by this Option and may purchase an additional 20% on the
second, third, fourth and fifth anniversary from the Date of Grant so that this
Option will be fully vested on the fifth anniversary of the Date of Grant unless
there shall occur a Change in Control, in which event, this Option shall be
fully vested on the date of such Change in Control.

            (e)   The "Expiration Date" shall mean the date on which this Option
expires pursuant to the provisions of paragraph 4 hereof.

            (f)   "Fair Market Value" of a share of Common Stock on a specified
date means:

                        (i)   if the Common Stock is then traded on a national
                  securities exchange, the closing price on such date of a share
                  of the Common Stock as traded on the largest securities
                  exchange on which it is then traded; or

                                       2
<PAGE>

                        (ii)  if the Common Stock is not then traded on a
                  national securities exchange, the mean between the closing
                  composite inter-dealer "bid" and "ask" prices for Common
                  Stock, as quoted on the NASDAQ National Market System (A) on
                  such date, or (B) if no "bid" and "ask" prices are quoted on
                  such date, then on the next preceding date on which such
                  prices were quoted; or

                        (iii) if the Common Stock is not then traded on a
                  national securities exchange or quoted on the NASDAQ National
                  Market System, the value determined in good faith by the
                  Committee.

            (g)   "Good Cause," with respect to any dismissal of Grantee from
his or her employment with the Company or any of its affiliates, shall mean the
dismissal of the Grantee from such employment by the Company or any of its
affiliates by reason of (i) the Grantee's being convicted of, or pleading guilty
or confessing to, any felony or any act of fraud, misappropriation or
embezzlement, (ii) the Grantee's improperly releasing or misappropriating trade
secrets or other tangible or intangible property of the Company or any of its
affiliates or engaging in a dishonest act to the damage or prejudice of the
Company or any of its affiliates or in willful or grossly negligent conduct or
activities materially damaging to the property, business or reputation of the
Company or any of its affiliates, or (iii) the Grantee's failing, without
reasonable cause, to devote his or her full business time and efforts to the
Company or any of its affiliates.

            (h)   This "Option" shall mean the option evidenced by this Option
Agreement, which is intended to be a "nonqualified stock option".

            (i)   The "Option Price" shall mean the purchase price of each share
of Common Stock that may be purchased by the Grantee upon the exercise of this
Option, in whole or in part. The Option Price is set forth under "EXERCISE PRICE
PER SHARE" at the beginning of page 1 of this Option Agreement as adjusted from
time to time in accordance with the provisions hereof.

      2.    Grant of Option. Upon the terms and subject to the conditions and
limitations hereinafter set forth, the Grantee shall have the right, at any time
after the Exercise Date and on or before the Expiration Date, to purchase the
number of shares of Common Stock set forth on page 1 of this Option Agreement
and vested under Paragraph 1(d), such number of shares and the Option Price
being subject to adjustment in accordance with the provisions set forth below
and in accordance with the terms of the Plan notwithstanding anything to the
contrary herein.

      3.    Manner of Exercise. Subject to the terms, conditions, and
limitations set forth herein, this Option may be exercised in whole or in part
at any time or from time to time after the Exercise Date and on or before the
Expiration Date as to any part of the number of whole shares of Common Stock
then vested under Paragraph 1(d) and available under this Option. Such exercise
shall be effective only if the Grantee duly executes and delivers to the
Company, at the principal executive office of the Company or at such other
address as the Company may designate by notice in writing to the Grantee, an
option exercise form substantially the same as that attached hereto as Exhibit
A, indicating the number of shares of Common Stock to be purchased and
accompanied by payment of the Option Price and any withholding amounts described
below. Payment of the Option

                                       3
<PAGE>

Price and any such withholding amounts may be made (i) in cash or by the
Grantee's personal check, a certified check, a bank draft, or a postal or
express money order payable to the order of the Company in lawful money of the
United States or in any combination of the foregoing, or (ii) by delivery of
mature shares of Common Stock, the Fair Market Value of which is equal to the
Option Price as of the Exercise Date, or (iii) by authorizing the Company to
withhold shares of Common Stock acquired upon exercise of the Option having an
aggregate Fair Market Value (valued as of the Exercise Date) that is equal to
the amount of cash that would b required to pay the Option Price.

      Upon any effective exercise of this Option, the Company shall become
obligated to issue a certificate or certificates to the Grantee representing the
number of shares of Common Stock so purchased. Notwithstanding the foregoing, no
shares of Common Stock will be issued unless the Grantee (or his representative
as the case may be) shall pay to the Company or any affiliate, as applicable,
such amount as the Company or any affiliate may advise it is required under
applicable federal, state or local law to withhold and pay over to governmental
taxing authorities by reason of the purchase of such shares of Common Stock
pursuant to this Option. No fractional shares will be issued.

      4.    Expiration of Option. This Option shall expire, shall become null
and void, and shall be of no further force and effect upon the earlier to occur
of the following events:

            (a)   Three months after the date of the Grantee's resignation or
other voluntary termination of his or her employment with the Company or any of
its affiliates (other than by reason of his or her death or "disability" within
the meaning of Section 22(e)(3) of the Code), but during such three month period
the Option shall be exercisable only to the extent that it was exercisable as of
the date of resignation or termination;

            (b)   The dismissal of the Grantee from his or her employment with
the Company or any affiliate for Good Cause at any time;

            (c)   Three months after the date on which the Company or any
affiliate terminates the Grantee's employment for any reason other than Good
Cause, but during such three month period the Option shall be exercisable only
to the extent that it was exercisable as of the date of termination;

            (d)   One year after the date on which Grantee's employment with the
Company or any affiliate is terminated by reason of the Grantee's death or
"disability" within the meaning of Section 22(e)(3) of the Code, but during such
one year period the Option shall be exercisable only to the extent that it was
exercisable as of the date of death or disability; or

            (e)   Ten years after the Date of Grant.

      5.    Holder's Exercise Subject to Compliance with Securities Laws.
Notwithstanding the exercise of this Option, in whole or in part, in accordance
with all other provisions of this Option, the Company shall have no obligation
to honor such exercise and to issue Common Stock pursuant thereto unless and
until the Grantee furnishes the Company an agreement (in such form as the
Committee may specify) in which the Grantee (or any person acting on his behalf)
represents that

                                       4
<PAGE>

the Common Stock acquired by him upon exercise are being acquired for investment
and not with a view to the sale or distribution thereof, or such other
representations as may be required by the Committee in accordance with the
advice of legal counsel, unless the Committee shall have received advice from
legal counsel that such representation is not required.

      6.    Adjustment of Option Price and Number of Shares That May be
Purchased Hereunder. The Option Price and the number of shares of Common Stock
that may be purchased hereunder shall be adjusted from time to time by the
Committee in accordance with the terms of the Plan in the event of certain
changes in the Common Stock such as stock dividends, splits and the like or
certain corporate transactions affecting the number or value of the shares of
Common Stock.

      7.    Notice of Adjustments. Upon the occurrence of any adjustment of the
Option Price, or any increase or decrease in the number of shares of Common
Stock that may be purchased upon the exercise of this Option, then, and in each
such case, the Company, within 30 days thereafter, shall give written notice
thereof to the Grantee at the address of the Grantee as shown on the books of
the Company, which notice shall state the Option Price as adjusted and the
increased or decreased number of shares that may be purchased upon the exercise
of this Option, setting forth in reasonable detail the method of calculation of
each.

      8.    Additional Conditions. The Grantee and any person acting on the
Grantee's behalf agrees and acknowledges that any shares of Common Stock issued
or transferred under this Option may be issued or transferred subject to such
conditions, in addition to those set forth in this Option, as the Committee or
the Company may impose and may require the Grantee (or any person acting on the
Grantee's behalf) to deliver and comply in all respects with the Company's
shareholders agreement, if any, as may be in effect at the time of any exercise
of this Option. No shares shall be issued upon exercise of this Option prior to
the delivery of a properly executed shareholders agreement or such other
agreement or acknowledgment that the Committee shall deem necessary to ensure
that the Common Stock acquired pursuant to the Option will be subject to such
shareholders agreement.

      9.    Assignment. This Option may not be transferred or assigned by the
Grantee otherwise than by will or by the laws of descent and distribution and,
during the lifetime of the Grantee, may be exercised, in whole or in part, only
by the Grantee; provided, however, subject to Paragraph 4(d) hereof, in the
event of the Grantee's death or disability, this Option may be exercised by his
or her personal representative, heirs or legatees.

      10.   No Right to Continued Employment. This Option does not confer upon
the Grantee the right to continued employment with the Company or any affiliate,
nor shall it interfere with the right of the Company or any affiliate to
terminate his or her employment at any time.

      11.   Regulatory Exercise or Forfeiture. If the Company's capital falls
below the minimum regulatory requirements, as determined by the Company's state
or federal primary regulator, the Company's primary federal regulator may order
the Company to require the Grantee to exercise the Option within a specified
period of time. In the event the Grantee fails to exercise the Option within the
specified period of time, the Grantee shall forfeit the Option. This Section 11
is designed to allow the Company's primary federal regulator to require early
exercise of the Option;

                                       5
<PAGE>

in no event will this Section 11 extend the exercise period beyond the period
set forth in Section 4 above.

      12.   Miscellaneous.

            (a)   The Company covenants that it will at all times reserve and
keep available, solely for the purpose of issue upon the exercise of this
Option, a sufficient number of shares of Common Stock to permit the exercise of
this Option in full.

            (b)   The terms of this Option shall be binding upon and shall inure
to the benefit of any successors or assigns of the Company and of the Grantee.

            (c)   The Grantee shall not be entitled to vote or to receive
dividends with respect to any Common Stock that may be, but has not been,
purchased under this Option and shall not be deemed to be a shareholder of the
Company with respect to any such Common Stock for any purpose.

            (d)   This Option has been issued pursuant to the Plan and shall be
subject to, and governed by, the terms and provisions thereof. The Grantee
hereby agrees to be bound by all the terms and provisions of the Plan. In the
event of any conflict between the terms of the Plan and this Option Agreement,
the provisions of the Plan shall govern.

            (e)   This Option Agreement shall be governed by the laws of the
State of Georgia.

                                       6
<PAGE>

      IN WITNESS WHEREOF, the Company and the Grantee have executed this Option
Agreement as of the day and year first above written.

                                          NORTHSIDE BANCSHARES, INC.

                                          By: ________________________________
                                          Its:________________________________

                                          GRANTEE:

                                          ____________________________________

                                       7
<PAGE>

                                    EXHIBIT A

                              OPTION EXERCISE FORM

                        (To be executed by the Grantee to
                  exercise the rights to purchase Common Stock
                       evidenced by the foregoing Option)

TO:   NORTHSIDE BANCSHARES, INC.

      The undersigned hereby exercises the right to purchase __________ shares
of Common Stock covered by the attached Option in accordance with the terms and
conditions thereof, and herewith makes payment of the Option Price of such
shares in full.

                                                 ________________________
                                                 Signature

                                                 ________________________

                                                 ________________________
                                                 ________________________
                                                 Address

                                                 ________________________
                                                 Social Security Number

Date: __________________<PAGE>

                                                                    EXHIBIT 10.5

THE WARRANT GRANTED PURSUANT TO THIS AGREEMENT SHALL BE NON-TRANSFERABLE, EXCEPT
IN THE CASE OF THE WARRANT HOLDER'S DEATH, AND THEREUPON ONLY BY WILL OR UNDER
THE LAWS OF DESCENT AND DISTRIBUTION. UPON THE DEATH OF THE WARRANT HOLDER, THE
DECEASED HOLDER'S LEGAL OR PERSONAL REPRESENTATIVE, OR ANY PERMITTED TRANSFEREE
OF THE WARRANT SHALL, WITHIN 30 DAYS OF THE HOLDER'S DEATH, NOTIFY THE COMPANY
OF SUCH EVENT AND THE NEW HOLDER'S NAME, ADDRESS AND CAPACITY IN WHICH THE
WARRANT IS HELD. SUCH PERMITTED TRANSFEREE WILL BE SUBJECT TO, AND BOUND BY, THE
TERMS AND PROVISIONS OF THIS AGREEMENT TO THE SAME EXTENT AS THE ORIGINAL
HOLDER.

                           ORGANIZER WARRANT AGREEMENT

      THIS AGREEMENT (this "Agreement") is made and entered into as of this
_____ day of _____________, 2005, by and between Northside Bancshares, Inc., a
Georgia Company holding company (the "Company"), and ________________________
(the "Warrant Holder").

                                   WITNESSETH

      WHEREAS, the Warrant Holder has served as an organizer or director in the
formation of the Company and the formation and establishment of Northside Bank
(the "Bank"), a wholly owned subsidiary of the Company; and

      WHEREAS, the Warrant Holder has purchased ___________ shares of the
Company's common stock, $1.00 par value per share (the "Common Stock"), at a
price per share of $10.00, subject to certain adjustments; and

      WHEREAS, the Company, in recognition of the financial risk undertaken by
the Warrant Holder in organizing the Bank and the Company, desires to provide
the Warrant Holder with the right to acquire the same number of shares as the
Warrant Holder purchased in the initial stock offering of the Company's Common
Stock, including any additional shares purchased specifically to attain the
minimum subscription requirements of the minimum offering.

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

      1.    Grant of Warrant. Subject to the terms, restrictions, limitations
and conditions stated herein, the Company hereby grants to the Warrant Holder
the right (the "Warrant") to purchase all or any part of an aggregate of
______________ shares of the Company's Common Stock, subject to adjustment in
accordance with Sections 6 and 7 hereof (such shares, as adjusted, the "Warrant
Shares").

<PAGE>

      2.    Vesting and Term.

            (a)   The Warrant shall be immediately vested in full and shall be
      exercisable at the rate of 33-1/3% per year beginning on the first
      anniversary of the date that the Bank opens for business (the "Issue
      Date"). On each successive anniversary of the Issue Date, an additional
      33-1/3% of the Warrant shall become exercisable. The portion of the
      Warrant which is exercisable may be exercised in whole, or from time to
      time in part, at any time prior to the Expiration Time (as defined
      herein).

            (b)   The term for the exercise of the Warrant begins at 9:00 a.m.,
      Eastern Time, on the Issue Date and ends at 5:00 p.m., Eastern Time, on
      the 10th anniversary of the Issue Date (the "Expiration Time").

            (c)   Notwithstanding any other provision of this Agreement, the
      Warrant shall expire on any earlier date than that provided in Section
      2(b) hereof in the event the primary federal regulator of the Bank or the
      Company (the "Federal Regulator") may require the Warrant Holder to
      exercise or forfeit the Warrant due to the capital of the Bank or the
      Company falling below the minimum requirements as determined by the
      Federal Regulator.

      3.    Purchase Price. The price per share to be paid by the Warrant Holder
for the Warrant Shares shall be $10.00 subject to adjustment as set forth in
Section 6 hereof (such price, as adjusted, the "Purchase Price").

      4.    Exercise of Warrant. The Warrant may be exercised by the Warrant
Holder by delivery to the Company, at the address of the Company set forth under
Section 10(a) hereof or such other address as to which the Company advises the
Warrant Holder pursuant to Section 10(a) hereof, of the following:

            (a)   A completed and signed notice of exercise (including the
      Substitute Form W-9, which forms a part thereof) (the "Notice of
      Exercise"), as attached hereto as Schedule A;

            (b)   A check payable to the Company for the full amount of the
      aggregate Purchase Price for the number of Warrant Shares as to which the
      Warrant is being exercised; and

            (c)   A copy of this Agreement.

      5.    Issuance of Warrant Shares. Upon receipt of the items set forth in
Section 4 hereof, and subject to the terms hereof, the Company shall cause to be
delivered to the Warrant Holder stock certificate(s) for the number of Warrant
Shares specified in the Notice of Exercise, such share or shares to be
registered under the name of the Warrant Holder. Notwithstanding the foregoing,
the Company shall not be required to issue or deliver any certificate for the
Warrant Shares or any portion thereof prior to the fulfillment of the following
conditions:

                                       2
<PAGE>

            (a)   The completion of any registration or other qualification of
      such shares which the Company shall deem necessary or advisable under any
      federal or state law or under the rulings or regulations of the Securities
      and Exchange Commission or any other governmental regulatory body, unless
      the availability of an exemption from such registration or qualification
      shall be established to the satisfaction of counsel for the Company;

            (b)   The obtaining of any approval or other clearance from any
      federal or state governmental agency or body, which the Company shall
      determine to be necessary or advisable; or

            (c)   The lapse of such reasonable period of time following the
      exercise of the Warrant, or any portion thereof, as the Company from time
      to time may establish for reasons of administrative convenience.

      Each stock certificate delivered pursuant to the Notice of Exercise shall
be in such denomination as may be requested by the Warrant Holder and shall be
registered in the name of the Warrant Holder. If the Warrant shall have been
exercised only in part, the Company shall, at the time of delivery of said stock
certificate(s), deliver to the Warrant Holder a new Warrant evidencing the right
of the Warrant Holder to purchase the remaining Warrant Shares covered by this
Agreement. The Company shall pay all expenses, stock transfer taxes and other
charges payable in connection with the preparation, execution and delivery of
such stock certificate(s).

      6.    Antidilution, Etc.

            (a)   If, at any time, the Company shall:

                  (i)   establish a record date for the determination of holders
            of record of its outstanding shares of Common Stock for the purpose
            of entitling them to receive a dividend payable in, or other
            distributions of, additional shares of its Common Stock;

                  (ii)  subdivide its outstanding shares of Common Stock into a
            larger number of shares of Common Stock; or

                  (iii) combine its outstanding shares of Common Stock into a
            smaller number of shares of Common Stock;

      then (A) the number of Warrant Shares for which the Warrant Holder's
      Warrant is exercisable immediately after the occurrence of any such event
      shall be adjusted to equal the number of shares of Company Common Stock
      which a record holder of the same number of shares of Common Stock for
      which Warrant Shares is exercisable immediately prior to the occurrence of
      such event would own or be entitled to receive after the happening of such
      event, and (B) the Purchase Price shall be adjusted to equal (x) the
      Purchase Price multiplied by the Warrant Shares for which the Warrant
      Holder's Warrant

                                       3
<PAGE>

      is exercisable immediately prior to the adjustment divided by (y) the
      Warrant Shares for which Holder's Warrant is exercisable immediately after
      such adjustment.

            (b)   The following provisions shall be applicable to adjustments
      made pursuant to Section 6(a) hereof:

                  (i)   The adjustments required by Section 6(a) hereof shall be
            made whenever and as often as any event requiring an adjustment
            shall occur. For the purpose of any such adjustment, any event shall
            be deemed to have occurred at the close of business on the date of
            its occurrence.

                  (ii)  In computing adjustments under this Section 6(b),
            fractional interests in the Company's Common Stock shall be taken
            into account to the nearest 1/10th of a share. In no event, however,
            shall fractional shares or a scrip representing fractional shares be
            issued upon the exercise of the Warrant. In lieu thereof, a cash
            payment shall be made to the Warrant Holder in an amount equal to
            such fraction multiplied by the Purchase Price.

                  (iii) If the Company shall establish a record date for the
            determination of the holders of record of the Company's Common Stock
            for the purpose of entitling such holders to receive a dividend
            payable in Company Common Stock and shall, thereafter and before the
            distribution to shareholders thereof, legally abandon its plan to
            pay or deliver such dividend, then no adjustment shall be required
            by reason of the establishment of such record date and any such
            adjustment previously made in respect thereof shall be rescinded and
            annulled.

      7.    Reorganization, Reclassification, Consolidation or Merger.

            (a)   If, prior to the Expiration Time, there shall be any
      reorganization or reclassification of the Company's Common Stock (other
      than a subdivision or combination of shares provided for in Section 6
      hereof), or any consolidation or merger of the Company with another
      entity, the Warrant Holder shall thereafter be entitled to receive, during
      the term hereof and upon payment of the Purchase Price, the number of
      shares of stock or other securities or property of the Company or of the
      successor entity (or its parent Company) resulting from such consolidation
      or merger, as the case may be, to which a holder of the Company's Common
      Stock, deliverable upon the exercise of the Warrant, would have been
      entitled upon such reorganization, reclassification, consolidation or
      merger; and in any case, appropriate adjustment (as determined by the
      Board of Directors of the Company in its sole discretion) shall be made in
      the application of the provisions herein set forth with respect to the
      rights and interest thereafter of the Warrant Holder to the end that the
      provisions set forth herein (including the adjustment of the Purchase
      Price and the Warrant Shares) shall thereafter be applicable, as near as
      may reasonably be practicable, in relation to any shares or other property
      thereafter deliverable upon the exercise hereof.

                                       4
<PAGE>

            (b)   If any such reorganization, reclassification, consolidation,
      merger or share exchange results in a cash distribution in excess of the
      Purchase Price provided by this Warrant, the Warrant Holder may, at the
      Warrant Holder's option, exercise this Warrant without making payment of
      the Purchase Price, and in such case the Company or its successors and
      assigns shall, upon distribution to such Warrant Holder, consider the
      Purchase Price to have been paid in full, and in making settlement to such
      Warrant Holder, shall deduct an amount equal to the Purchase Price from
      the amount payable to such Warrant Holder. Notwithstanding anything herein
      to the contrary, the Company will not effect any such reorganization,
      reclassification, merger, consolidation or share exchange unless prior to
      the consummation thereof, the corporation that may be required to deliver
      any stock, securities or other assets upon the exercise of the Warrant
      issuable pursuant to this Agreement shall agree by an instrument in
      writing to deliver such stock, cash, securities or other assets to the
      Warrant Holder. A sale, transfer or lease of all or substantially all of
      the assets of the Company to another person shall be deemed a
      reorganization, reclassification, consolidation, merger or share exchange
      for the foregoing purposes.

      8.    Notice of Adjustments. Upon any adjustment provided for in Section 6
or Section 7 hereof, the Company, within 30 days thereafter, shall give written
notice thereof to the Warrant Holder at the address set forth under Section
10(a) hereof or such other address as the Warrant Holder may advise the Company
pursuant to Section 10(a) hereof, which notice shall state the Purchase Price as
adjusted and the increased or decreased number of Warrant Shares, setting, forth
in reasonable detail the method of calculation of each.

      9.    Transfer and Assignment.

            (a)   This Agreement shall be non-transferable, except in the case
      of the Warrant Holder's death, and thereupon only by will or under the
      laws of descent and distribution. Upon the death of the Warrant Holder,
      the deceased Warrant Holder's heirs, legal or personal representative, or
      any permitted transferee of the Warrant shall, within 90 days of the
      Warrant Holder's death, notify the Company of such event and the new
      holder's name, address and capacity in which the Warrant is held, and
      present letters testamentary, a death certificate and such other
      information as the Company may reasonably request to ascertain the
      authority of such person. Such permitted transferee will be subject to,
      and bound by, the terms and provisions of this Agreement to the same
      extent as the original Warrant Holder.

            (b)   The Warrant Shares granted hereby may not be transferred or
      sold unless the transfer is exempt from further regulatory approval or
      otherwise permissible under applicable law, including state and federal
      securities laws.

                                       5
<PAGE>

      10.   Miscellaneous.

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

      To the Company:

            Northside Bancshares, Inc.
            7741 Adairsville Highway
            Adairsville, Georgia  30103
            Attention: Gregory F. Patton
                       President and Chief Executive Officer

      To the Warrant Holder:

            ______________________________
            ______________________________
            ______________________________

            (b)   The Company covenants that it has reserved and will keep
      available, solely for the purpose of issue upon the exercise of the
      Warrant, a sufficient number of shares of the Company's Common Stock to
      permit the exercise of the Warrant in full.

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

            (d)   This Agreement may be amended only by an instrument in writing
      executed by the party against whom enforcement of amendment is sought.

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

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

                                       6
<PAGE>

      IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by
a duly authorized officer and its corporate seal to be affixed hereto and the
Warrant Holder has executed this Agreement, all as of the day and year first
above written.

                                       NORTHSIDE BANCSHARES, INC.

                                       By: ___________________________
                                           Gregory F. Patton
                                           President and Chief Executive Officer

                                       WARRANT HOLDER

                                       _______________________________

                                       7
<PAGE>

                                   SCHEDULE A

                               NOTICE OF EXERCISE
                     OF WARRANT TO PURCHASE COMMON STOCK OF
                           NORTHSIDE BANCSHARES, INC.

To:   NORTHSIDE BANCSHARES, INC.

      The undersigned, the registered owner of the right to purchase shares of
Common Stock (the "Common Stock") of Northside Bancshares, Inc. (the "Company"),
hereby irrevocably elects to exercise such right to purchase thereunder ________
shares of the Common Stock of the Company and herewith makes payment of
$________ therefor, and requests that the certificate(s) evidencing such shares
be issued in the name of and be delivered to:

            Name: ______________________

            Address: ____________________
                     ____________________
                     ____________________

            Social Security or
              Tax I.D. Number: ____________________

and if such shares shall not be all of the shares purchasable hereunder, that a
new warrant of like tenor for the balance of the shares purchasable hereunder be
delivered to the undersigned.

Date: _______________________

                                                 NAME OF WARRANT HOLDER

                                                 By: ___________________________
                                                     Name: _____________________

                THIS NOTICE OF EXERCISE SHALL NOT BE GIVEN EFFECT
               BY THE COMPANY UNLESS THE HOLDER OF THE UNDERLYING
                 WARRANT HAS PROPERLY COMPLETED AND SIGNED BOTH
            THIS NOTICE OF EXERCISE FORM AND THE SUBSTITUTE FORM W-9
                                ATTACHED HERETO.

<PAGE>

                               SUBSTITUTE FORM W-9

Under the penalties of perjury, I certify that:

      1.    The Social Security Number or Taxpayer Identification Number given
            below is correct; and

      2.    I am not subject to backup withholding either because I have not
            been notified that I am subject to backup withholding as a result of
            a failure to report all interest or dividends, or because the
            Internal Revenue Service has notified me that I am no longer subject
            to backup withholding.

IMPORTANT INSTRUCTIONS: You must cross out #2 above if you have been notified by
the Internal Revenue Service that you are subject to backup withholding because
of under reporting interest or dividends on your tax return and if you have not
received a notice from the Internal Revenue Service advising you that backup
withholding due to notified payee under reporting has terminated.

SIGNATURE* ________________________

DATE ______________________________

* If a corporation, please sign in full corporate name by president or other
authorized officer. When signing as officer, attorney, custodian, trustee,
administrator, guardian, etc., please give your full title as such. In case of
joint tenants, each person must sign.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00080-of-00352.parquet"}]]