Document:

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                                                                   EXHIBIT 10.37

                                    FORM OF
                        INCENTIVE STOCK OPTION AGREEMENT

      A Stock Option (this "Option") is hereby granted by Lodgian, Inc., a
Delaware corporation (the "Company"), to the Eligible Individual named below
("Optionee"), for and with respect to common stock of the Company, $.01 par
value per share ("Common Stock"), subject to the following terms and conditions:

      Name of Optionee: ____________________________________________

      Title/Position: ______________________________________________

      Number of Shares
      Subject to Option: ___________________________________________

      Option Price Per Share: ______________________________________

      Date of Grant: _______________________________________________

      1. Grant of Option; Consideration. Subject to the provisions set forth
herein and the terms and condition of the Lodgian, Inc. 2002 Stock Incentive
Plan (the "Plan"), the terms of which are hereby incorporated by reference, and
in consideration of the agreements of Optionee herein provided, the Company
hereby grants to Optionee: (a) an option intended to be an Incentive Stock
Option within the meaning of Section 422 of the Internal Revenue Code of 1986,
as amended (the "Code"), and regulations issued thereunder, to purchase from the
Company the number of shares of Common Stock set forth above, at the exercise
price per share set forth above, and subject to the exercise schedule set forth
in Section 3 below. All capitalized but undefined terms used in this Agreement
shall have the meanings ascribed to them in the Plan.

      At the time of exercise of the Option, payment of the exercise price must
be made in cash or previously owned shares of Common Stock, which shares have
been held for the requisite period necessary to avoid a charge to the Company's
earnings for financial reporting purposes, or a combination thereof.
Notwithstanding the foregoing, if the committee of the Board of Directors of the
Company charged with the administration of the Plan (the "Committee"), in its
sole discretion agrees, Optionee may exercise this Option through a "cashless
exercise" procedure approved by the Committee involving a broker or dealer
approved by the Committee and affording Optionee the opportunity immediately to
sell some or all of the shares underlying the exercised portion of the Option in
order to generate sufficient cash to pay the Option exercise price and/or to
satisfy withholding tax obligations related to the Option.

      2. Term of Option. The term of the Option granted hereunder shall be 10
years.

      3. Exercise Schedule. The Option granted hereunder shall become vested and
exercisable according to the following schedule; provided, however, except as
expressly set forth below with respect to vesting upon death, all vesting shall
cease effective as of the date Optionee ceases to be employed by the Company or
a Parent or Subsidiary of the Company.

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<TABLE>
<CAPTION>
                                                EXERCISE PERIOD
NUMBER OF SHARES       EXERCISE         COMMENCEMENT         EXPIRATION
SUBJECT TO OPTION       PRICE               DATE                DATE
-----------------------------------------------------------------------
<S>                    <C>              <C>                  <C>
</TABLE>

      Notwithstanding the foregoing, the right to exercise all of the Options
shall immediately vest upon the date of the Optionee's death.

      4. Acceptance by Optionee. The exercise of the Option is conditioned upon
the acceptance by Optionee of the terms hereof as evidenced by Optionee's
execution of this agreement in the space provided therefor at the end hereof and
the return of an executed copy to the Secretary of the Company.

      5. Termination of Employment For Reason Other Than Death or Disability. If
Optionee's employment with the Company and its Parent and all Subsidiaries is
terminated for any reason, other than the Optionee's death or total and
permanent disability (as defined in Section 105 (d) (4) of the Code), the Option
shall expire sixty (60) days following the date of termination of employment;
provided that the Committee, in its sole discretion, by written notice given to
Optionee, may permit Optionee to exercise the Option during a period ending on
the earlier of ninety (90) days after such termination of employment and the
date the Option expires in accordance with its terms.

      6. Termination of Employment Due to Death or Disability. If Optionee's
employment with the Company and its Parent and all Subsidiaries is terminated
due to Optionee's death or total and permanent disability (as defined in Section
105 (d) (4) of the Code), the Option shall expire on the earlier of the first
anniversary of such termination of employment or the date the Option expires in
accordance with its terms. During such period, the Option (which became 100%
vested as referred to above) shall be exercisable in whole or in part to the
extent exercisable on the effective date of termination of employment (after
giving effect to accelerated vesting in the event of death) by a legatee or
legatees of the Option under Optionee's will, or by Optionee's executors,
personal representatives or distributes.

      7. Notice of Exercise. Written notice of an election to exercise any
portion of the Option, specifying the portion thereof being exercised and the
exercise date, shall be given by Optionee, or Optionee's personal representative
in the event of Optionee's death, (i) by delivering such notice at the principal
executive offices of the Company no later than the exercise date, or (ii) by
mailing such notice, postage prepaid, addressed to the Secretary of the Company
at the principal executive offices of the Company at least three business days
prior to the exercise date.

      8. Exercise only by Optionee; No Transfer of Option. The option may be
exercised only by Optionee during Optionee's lifetime and may not be transferred
other than by will or the

                                       2
<PAGE>

applicable laws of descent or distribution. The Option shall not otherwise be
transferred, assigned, pledged or hypothecated for any purpose whatsoever and is
not subject, in whole or in part, to execution, attachment or similar process.
Any attempted assignment, transfer, pledge or hypothecation or other disposition
of the Option, other than in accordance with the terms set forth herein, shall
be void and of no effect.

      9. No Status as Shareholder. Neither Optionee nor any other person
entitled to exercise the Option under the terms hereof shall be, or have any of
the rights or privileges of, a shareholder of the Company in respect of any of
the shares of Common Stock issuable on exercise of the Option, unless and until
the purchase price for such shares shall have been paid in full and the shares
of Common Stock with respect to which its Option is exercised are issued, which
in no event will be delayed more than thirty (30) days from the date the Option
is exercised.

      10. Cancellation; Change. In the event the Option shall be exercised in
whole, this agreement shall be surrendered to the Company for cancellation. In
the event the Option shall be exercised in part, or a change in the number or
designation of the Common Stock shall be made, this agreement shall be delivered
by Optionee to the Company for the purpose of making appropriate notation
thereon, or of otherwise reflecting, in such manner as the Company shall
determine, the partial exercise or the change in the number or designation of
the Common Stock.

      11. Administrative Regulations. The issuance of the shares of Common Stock
pursuant to the exercise of this Option is subject to compliance with all
applicable laws, including without limitation, laws governing withholding from
employees and non-resident aliens for income tax purposes.

      12. Tax Consequences. Optionee understands that the grant and exercise of
this Option, and the sale of shares obtained through the exercise of this
Option, may have tax implications that could result in adverse tax consequences
to Optionee. Optionee represents that Optionee has consulted with, or will
consult with, his or her tax advisor; Optionee further acknowledges that
Optionee is not relying on the Company for any tax, financial or legal advice;
and it is specifically understood by the Optionee that no representations are
made as to the qualification of this Option as an Incentive Stock Option or as
to any particular tax treatment with respect to the Option

      13. Delaware Law Governs. The Option and this Agreement shall be
construed, administered and governed in all respects under and by the laws of
the State of Delaware, to the extent not inconsistent with Section 422 of the
Code, and regulations issued thereunder.

                                    [Signatures appear on following page]

                                       3

<PAGE>

                                    LODGIAN, INC.

                                    By:  ______________________________________
                                    W. Thomas Parrington
                                    President and Chief Executive Officer

      The undersigned hereby accepts the Option subject to the terms and
conditions set forth in this Agreement.

                                    ________________________         __________
                                    [Print Optionee's Name]             Date

                                       4<PAGE>

                                                                    EXHIBIT 10.1
                          FIDELITY SOUTHERN CORPORATION
                                  FIDELITY BANK
                              EMPLOYMENT AGREEMENT

      THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into as of the 17th day
of March, 2005, by and among FIDELITY SOUTHERN CORPORATION ("Fidelity"), a
Georgia Corporation, FIDELITY BANK ("Bank"), a Georgia corporation, and JAMES B.
MILLER, JR. ("Miller").

      WHEREAS, Miller is the Chairman, Chief Executive Officer and President of
Fidelity and Chairman and Chief Executive Officer of the Bank;

      WHEREAS, Fidelity and the Bank agree to continue to employ Miller as Chief
Executive Officer, subject to his election, to provide the services set forth
herein; and

      WHEREAS, Miller agrees to accept such employment and to continue to
provide such services in accordance with the terms and conditions of this
Agreement;

      NOW, THEREFORE, in consideration of the mutual promises herein made and of
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

      1. EMPLOYMENT/DUTIES.

            (a) Fidelity shall employ Miller as the President and Chief
Executive Officer and the Bank shall employ Miller as Chief Executive Officer
during the term of his employment as set forth in this Agreement and Miller
hereby accepts such employment. Miller also agrees to serve as the Chairman of
the Board of Directors of Fidelity (the "Board") and of the Bank upon his
election to such positions.

            (b) Miller shall be the senior executive officer of Fidelity and
shall be responsible for the day-to-day operations of the business of Fidelity
and shall have such authority consistent with such positions and necessary for
the conduct of such business under the general direction of the Board of
Directors of Fidelity.

            (c) Miller agrees that he will at all times and to the best of his
ability and experience faithfully perform all of the duties that may be required
of him pursuant to the terms of this Agreement and shall comply with all
policies and procedures adopted by the Board of Directors or any committee
thereof. Miller shall devote his full business time to the performance of his
obligations hereunder.

            (d) The term of employment of Miller shall be for an initial term of
three (3) years, commencing as of January 1, 2005, and may be extended upon
written agreement of the parties.

            (e) Miller shall be prohibited from serving as a director of other
businesses and as a member of any committee of the board(s) of directors thereof
unless the Board

<PAGE>

formally has approved such service before Miller becomes any such director or
member of any committee of such board(s) of directors.

      2. COMPENSATION.

            (a) Base Salary. During the term of the employment of Miller
hereunder, Fidelity and Bank will pay to Miller an aggregate base salary ("Base
Salary") at the rate of $500,000 per year, payable in arrears in equal
semi-monthly payments, subject to applicable withholdings and deductions. In the
event of the disability of Miller, to the extent payments are received by him
under any employer sponsored disability program and/or under any disability
policy the premiums of which are paid by Fidelity or the Bank, the payments
hereunder are to be reduced by an amount equal to any such disability payments
that are intended to replace all or a portion of any compensation Miller loses
due to such disability.

            (b) Incentive Compensation. Fidelity and the Bank shall pay to
Miller the incentive compensation ("Incentive Compensation") determined as set
forth in Attachment A hereto. Miller shall be eligible to participate in
incentive plans and programs hereafter adopted as determined by the Board or the
Compensation Committee of the Board.

            (c) Employee Benefit Programs. Miller shall be eligible to
participate in all employee benefit programs, including medical, dental and
hospitalization programs, now or hereafter made available by Fidelity to its
employees and/or executives, subject to terms and conditions of such programs,
including eligibility. It is understood that Fidelity reserves the right to
modify and rescind any program or adopt new programs in its sole discretion.

            (d) Life Insurance for Fidelity. Fidelity may, in its sole
discretion, maintain key man life insurance on the life of Miller and designate
Fidelity as the beneficiary. Miller agrees to execute any documents necessary to
effect the issuance of such policy. Miller hereby acknowledges that he has
consented to the purchase and maintenance by Fidelity of the Split Dollar
Insurance Plan ("Split Dollar Plan") in the face amount of $400,000 dated
October 3, 1984 (including all amendments and replacement and substitute
policies, as hereafter mutually agreed in writing). In addition, Fidelity and
Bank agree to maintain three Flexible Premium Adjustable Life Insurance,
Universal Life policies, one issued by Great-West Life & Annuity Insurance
Company ("Great-West") in the face amount of $6 million, one issued by Life
Investors Insurance Company of America ("Life Investors") in the face amount of
$800,000 and one issued by Mass Mutual Financial Group ("Mass Mutual") in the
face amount of $800,000 each of which is payable to beneficiaries designated by
Miller, his estate or trust in lieu thereof, at all times hereafter, regardless
of the termination of this Agreement or Miller's employment hereunder, including
terminations pursuant to Section 3. The policies purchased and maintained by
Fidelity under the Split Dollar Plan and the policy purchased and maintained by
Fidelity with Great West, or any substituted policies, shall be maintained by
Fidelity at all times hereafter, including after the termination of this
Agreement or Miller's employment hereunder.

            (e) Vacation. Miller is entitled to five (5) weeks vacation each
year. Vacation shall be taken at such times as not to materially interfere with
the business of

                                       2
<PAGE>

Fidelity. The vacation time must be taken prior to the end of each calendar year
or as otherwise mutually agreed in writing, otherwise it expires to the extent
not taken.

            (f) Expenses. Fidelity shall pay all reasonable expenses incurred by
Miller in the performance of his responsibilities and duties for Fidelity,
including without limitation, dues payable to the Atlanta Athletic Club and the
Capital City Club and to such reasonable civic organizations of Miller's choice.
Miller shall submit to Fidelity periodic statements of all expenses so incurred
in accordance with the policies of Fidelity then in effect. Subject to such
reviews as Fidelity may deem reasonably necessary, Fidelity shall, promptly in
the ordinary course of business, reimburse Miller for the full amount of all
such expenses advanced by Miller.

            (g) Automobile. Fidelity will continue to provide Miller with an
appropriate automobile for his use and will maintain and insure it at Fidelity's
expense.

      3. EARLY TERMINATION.

            (a) For Cause. (i) Notwithstanding the foregoing, the Board may
terminate the employment of Miller "for cause" (as hereinafter defined) at any
time upon 10 business days' prior written notice. The term "for cause" shall
mean (A) the commission of a felony or any other crime involving moral turpitude
or the pleading of nolo contendere to any such act, (B) the commission of any
act or acts of dishonesty when such acts are intended to result or result,
directly or indirectly, in gain or personal enrichment of Miller or any related
person or affiliated company and are intended to cause harm or damage to
Fidelity, the Bank or their subsidiaries, (C) the illegal use of controlled
substances, (D) the misappropriation or embezzlement of assets of Fidelity, the
Bank or their subsidiaries, (E) the breach of any other material term or
provision of this Agreement to be performed by Miller (other than pursuant to
Sections 4, 5, 6 or 7) which have not been cured within thirty (30) days of
receipt of written notice of such breach from the Board or the board of
directors of the Bank, or (F) the breach of any provision of Section 4, 5, 6 or
7 during his employment.

                  (ii) Upon termination for cause, Fidelity and Bank shall have
no further obligation to pay any compensation to Miller or make available to
Miller participation under any employee benefit program for periods after the
effective date of the termination for cause. In such event, Incentive
Compensation is payable only for the periods of employment. Base Salary which
accrued to the termination date shall be paid on the normal payment date.

            (b) Other Termination by Fidelity. (i) Fidelity and the Bank may
terminate the employment of Miller for any reason (other than for cause, death
or total disability (as defined in Section 3(d)(iii) below)) at any time upon at
least 90 days' prior written notice. Upon such termination, the Base Salary
which accrued as of the termination date and the Incentive Compensation payable
pursuant to Section 2(b) for the periods of employment will be paid after the
effective date of termination on the normal payment dates. Miller's right to
additional compensation after the effective date of the termination shall cease,
except that if Miller executes a "Release" (as defined below) within the time
period specified by Fidelity or the Bank, and does not revoke such Release,
Miller will be paid severance equal to the excess of (i) three times his then
Base Salary over (ii) the aggregate amount payable under Section 8

                                       3
<PAGE>

below. Such severance benefit will be payable in seventy-two (72) equal
semi-monthly installments commencing on the 15th or last day of the month
immediately following the date of termination, whichever date occurs first, and
continuing on the 15th and last day of each calendar month thereafter until all
such installments are paid. Additionally, if Miller timely executes and does not
revoke a Release, the employee welfare benefits as provided in Section 2(c)
shall be continued for eighteen (18) months from the date of termination at a
cost to Miller not to exceed the amounts paid by executives for such employee
welfare benefits; provided, however, that if continued participation in any of
such employee welfare benefit plans is not possible under the terms of such
plans or any provision of law would create any adverse tax effect for Miller,
Fidelity or the Bank, due to such participation, Fidelity will provide
substantially identical benefits directly or through an insurance arrangement or
pay Miller's costs for such welfare benefits if continued by Miller, including
as permitted under ERISA. For purposes of this Agreement, the term "Release"
means a general release that releases Fidelity, the Bank, their affiliates,
shareholders, directors, officers, employees, employee benefit plans,
representatives, and agents and their successors and assigns from any and all
employment related claims Miller or Miller's successors and beneficiaries might
then have against them (excluding any claims for vested benefits under any
employee pension plan of Fidelity or the Bank).

                  (ii) If Miller violates any of the undertakings set forth in
Sections 4, 5, 6 and 7 of this Agreement after the termination of his
employment, any additional compensation and benefits under Section 3(b)(i) shall
cease.

                  (iii) Subsequent to the date of any written notice of
termination provided to Miller pursuant to Section 3(b)(i) or by Miller to
Fidelity pursuant to Section 3(c)(ii), Fidelity shall engage the independent
accounting firm regularly utilized by Fidelity ("Accounting Firm") to provide to
Fidelity and Miller, at Fidelity's expense, a determination of whether any
compensation payable to Miller pursuant to Section 3(b)(i) (alone or when added
to all other compensation paid or payable to Miller by Fidelity and the Bank)
constitutes a "parachute payment" ("Parachute Payment") as defined in Section
280G of the Internal Revenue Code of 1986, as amended (the "Code"). If the
Accounting Firm determines that any compensation payable to Miller pursuant to
Section 3(b)(i) (alone or when added to all other compensation paid or payable
to Miller by Fidelity and the Bank) constitutes a Parachute Payment, the
Accounting Firm shall also determine: (A) the amount of the excise tax to be
imposed under Section 4999 of the Code; (B) whether Miller would realize a
greater amount after Federal and Georgia income taxes (assuming the highest
marginal rates then in effect apply) if the compensation payable to Miller
pursuant to Section 3(b)(i) were reduced (assuming latest payments are reduced
first) so that no amount payable to Miller hereunder (alone or when added to all
other compensation paid or payable to Miller by Fidelity and the Bank)
constitutes a Parachute Payment than he would realize after federal and Georgia
income taxes (assuming the highest marginal rates then in effect apply) and
after imposition of the excise tax under Section 4999 of the Code if the amounts
payable to Miller hereunder were not so reduced; and (C), if the Accounting Firm
determines in (B) above that Miller would realize a higher amount if the
compensation payable to Miller were so reduced, the amount of the reductions.
All determinations shall be made on a present value basis. The Accounting Firm
shall provide to Fidelity and to Miller a written report of its determinations
hereunder no later than forty-five (45) days prior to the termination date. No
later than fifteen

                                       4
<PAGE>

(15) days following his receipt of the report from the Accounting Firm, Miller
will notify Fidelity in writing of any disagreement with said report, and, in
such case, Fidelity shall direct the Accounting Firm to promptly discuss its
determinations with an accountant or counsel designated by Miller in his written
notice and seek to reach an agreement regarding same no later than fifteen (15)
days prior to the termination date, with Fidelity and Miller, each bearing the
cost of their own accountants or counsel. If no agreement can be reached within
thirty (30) days after the expiration of said fifteen (15) day period, the
matter shall be promptly submitted to binding arbitration under Section 13
hereof by either party. The determinations so made shall be binding on the
parties. If it is determined hereunder that Miller would realize a greater
amount after Federal and Georgia income taxes (assuming the highest marginal
rates then in effect apply) if the compensation payable to him pursuant to
Section 3(b)(i) were reduced (assuming latest payments are reduced first) so
that no amount payable to Miller hereunder constitutes a Parachute Payment, then
the amounts payable to Miller pursuant to Section 3(b)(i) shall be so reduced.

                  (iv) As a result of the uncertainty in the application of
Sections 280G and 4999 of the Code, it is possible that amounts will have been
paid or distributed to Miller that should not have been paid or distributed
under this Section 3(b) ("Overpayments"), or that additional amounts should be
paid or distributed to Miller under this Section 3(b) ("Underpayments"). If
based on either the assertion of a deficiency by the Internal Revenue Service
against Fidelity or Miller, which assertion has a high probability of success,
or controlling precedent or substantial authority, an Overpayment has been made,
that Overpayment will be treated for all purposes as a loan ab initio that
Miller must repay to Fidelity immediately together with interest at the
applicable Federal rate under Section 7872 of the Code; provided, however, that
no loan will be deemed to have been made and no amount will be payable by Miller
to Fidelity unless, and then only to the extent that, the deemed loan and
payment would either reduce the amount on which Miller is subject to tax under
Section 4999 of the Code or generate a refund of tax imposed under Section 4999
of the Code. If based upon controlling precedent or substantial authority, an
Underpayment has occurred, the amount of that Underpayment will be paid to
Miller promptly by Fidelity. Whether an Overpayment or Underpayment has occurred
may be determined in substantially the same manner as the original
determination.

                  (v) Fidelity and Miller shall each provide the Accounting Firm
access to and copies of any books, records and documents in the possession of
Fidelity or Miller, as the case may be, reasonably requested by the Accounting
Firm, and otherwise cooperate with the Accounting Firm in connection with the
preparation and issuance of the determinations and calculations contemplated by
this Section 3(b).

                  (vi) The federal, state and local income or other tax returns
filed by Miller shall be prepared and filed on a consistent basis with the
determination with respect to the excise tax payable by Miller. Miller, at the
request of Fidelity, shall provide Fidelity true and correct copies (with any
amendments) of his federal income tax return as filed with the Internal Revenue
Service and corresponding state and local tax returns, if relevant, as filed
with the applicable taxing authority, and such other documents reasonably
requested by Fidelity, evidencing such conformity.

                                       5
<PAGE>

            (c) TERMINATION BY MILLER. (i) Miller may terminate his employment
at any time upon at least 90 days' prior written notice to Fidelity and the
Bank. Upon such termination of employment Miller's right to compensation after
the effective date of termination shall cease. The Base Salary which accrued as
of the termination date and the Incentive Compensation payable pursuant to
Section 2(b) will be paid after the effective date of termination under this
Section 3(c) on the normal payment dates.

                  (ii) Notwithstanding the foregoing, if Fidelity or the Bank
fails to perform any of its material obligations hereunder and such failure
continues for sixty (60) days after written notice thereof by Miller to the
Board, termination by Miller of this Agreement for such failure shall be deemed
to constitute a termination by Fidelity and the Bank without cause under Section
3(b)(i) of this Agreement. A reduction in the responsibilities and authority of
Miller as provided in Section l(b) shall constitute a breach of a material
obligation of Fidelity and Bank hereunder.

            (d) TERMINATION UPON DEATH OR DISABILITY.

                  (i) The employment of Miller shall terminate upon his death,
or (10) business days after written notice by Fidelity of termination during the
continuance of the total disability (as hereinafter defined) of Miller.

                  (ii) Upon termination upon death or by Fidelity upon total
disability, Miller's right to compensation after the effective date of
termination shall cease. Base Salary which accrued as of the termination date
will be paid after the effective date of termination under this Section 3(d) on
the normal payment date(s) and any Incentive Compensation will be paid as
provided in Section 2(b). Fidelity and Bank shall have no obligation to pay any
compensation for periods after the effective date of such termination under this
Section 3(d).

                  (iii) The term "total disability" means the inability of
Miller to substantially perform his duties hereunder for a continuous period of
ninety (90) days unless such period is extended in writing by Fidelity, in which
event, for such greater period. Total disability shall be deemed to commence
upon the expiration of such continuous ninety (90) day period or such greater
period, if so extended. In the event of any dispute as to the "total disability"
of Miller or the expiration of said ninety (90) day period or such greater
period, if so extended, the matter shall be resolved by the decision of a single
physician, serving as an arbitrator, mutually selected or appointed in
accordance with the rules of the American Arbitration Association, Atlanta,
Georgia. The decision of the arbitrator shall be binding on all parties hereto.
Miller agrees to submit medical records requested and to submit to such
examination and testing reasonably requested by such physician.

__________
Executive

_________
Fidelity
Southern

_________
Bank

      (e) Life Insurance Policies. Termination of this Agreement or the benefits
payable hereunder for any reason, including pursuant to Section 3(a), (b), (c)
or (d) hereof, shall not terminate the duty of Fidelity and Bank to maintain or
continue the Split Dollar Plan, or that certain life insurance policy with
Great-West, Life Investors and Mass Mutual pursuant to Section 2(d) hereof,
including any substitute plan or policy hereafter mutually agreed to.

                                       6
<PAGE>

      4. COVENANT NOT TO COMPETE. Miller agrees that during his employment with
Fidelity or Bank and for a period of eighteen (18) months after termination of
Miller's employment with Fidelity or Bank for any reason, that Miller shall not,
on his own behalf or on another's behalf, work in any management or executive
capacity in the business of providing banking or banking related services. This
restriction shall apply only within a 50-mile radius of 3490 Piedmont Road,
Atlanta, Georgia 30305. Miller agrees that because of the nature of Fidelity's
and Bank's business, the nature of Miller's job responsibilities, and the nature
of the Confidential Information and Trade Secrets of Fidelity and Bank which
Fidelity and Bank will give Miller access to, any breach of this provision by
Miller would result in the inevitable disclosure of Fidelity's and Bank's Trade
Secrets and Confidential Information to its direct competitors.

      5. NON-SOLICITATIONS OF CLIENTS AND CUSTOMERS. Miller agrees that during
his employment with Fidelity or Bank and for a period of eighteen (18) months
after termination of his employment with Fidelity or Bank for any reason, Miller
will not directly or indirectly solicit, contact, call upon, communicate with or
attempt to communicate with any client or customer of Fidelity or Bank for the
purpose of providing banking or banking related services. This restriction shall
apply only to any client or customer of Fidelity or Bank with whom Miller had
material contact during the last twelve months of Miller's employment with
Fidelity or Bank. "Material contact" means interaction between Miller and the
client or customer which takes place to further the business relationship.
"Clients" and "customers" include, but are not limited to, depositors and
commercial loan customers.

      6. NON-SOLICITATIONS OF EMPLOYEES. Miller agrees that during his
employment with Fidelity or Bank and for a period of eighteen (18) months after
termination of his employment with Fidelity or Bank for any reason, Miller will
not recruit, hire or attempt to recruit or hire, directly or by assisting
others, any other employee of Fidelity or Bank with whom Miller had material
contact during Miller's employment with Fidelity or Bank. This restriction shall
apply only to recruiting, hiring or attempting to recruit or hire any employee
for the purpose of working in the business of providing banking or banking
related services.

      7. CONFIDENTIALITY, PROPRIETARY INFORMATION AND INVENTIONS.

            (a) During the term of Miller's employment with Fidelity or Bank,
and at all times thereafter, Miller shall not use or disclose to others, without
the prior written consent of Fidelity and Bank, any Trade Secrets (as
hereinafter defined) of Fidelity or Bank, or any subsidiary thereof or any of
their customers, except for use or disclosure thereof in the course of the
business of Fidelity or Bank (or that of any subsidiary), and such disclosure
shall be limited to those who have a need to know.

            (b) During the term of Miller's employment with Fidelity or Bank,
and for eighteen (18) months after termination of his employment with Fidelity
or Bank for any reason, Miller shall not use or disclose to others, without the
prior written consent of Fidelity and Bank, any Confidential Information (as
hereinafter defined) of Fidelity or Bank, or any subsidiary thereof or any of
their customers, except for use or disclosure thereof in the course of the
business of Fidelity or Bank (or that of any subsidiary), and such disclosure
shall be limited to those who have a need to know.

                                       7
<PAGE>

            (c) Upon termination of employment with Fidelity or Bank for any
reason, Miller shall not take with him any documents or data of Fidelity or Bank
or any subsidiary or of any customer thereof or any reproduction thereof and
agrees to return any such documents and data in his possession at that time.

            (d) Miller agrees to take reasonable precautions to safeguard and
maintain the confidentiality and secrecy and limit the use of all Trade Secrets
and Confidential Information of Fidelity, Bank and all subsidiaries and
customers thereof.

            (e) Trade Secrets shall include only such information constituting a
"Trade Secret" within the meaning of subsection 10-1-761(4) of the Georgia Trade
Secrets Act of 1990, including as hereafter amended. Confidential Information
shall include all information and data which is protectable as a legal form of
property or non-public information of Fidelity or Bank or their customers,
excluding any information or data which constitutes a Trade Secret.

            (f) Trade Secrets and Confidential Information shall not include any
information (A) which becomes publicly known through no fault or act of Miller;
(B) is lawfully received by Miller from a third party after termination of
employment without a similar restriction regarding confidentiality and use and
without a breach of this Agreement; or (C) which is independently developed by
Miller and entirely unrelated to the business of providing banking or banking
related services.

            (g) Miller agrees that any and all information and data originated
by Miller while employed by Fidelity or Bank and, where applicable, by other
employees or associates under Miller's direction or supervision in connection
with or as a result of any work or service performed under the terms of Miller's
employment, shall be promptly disclosed to Fidelity and Bank, shall become
Fidelity and/or Bank's property, and shall be kept confidential by Miller. Any
and all such information and data, reduced to written, graphic, or other
tangible form and any and all copies and reproduction thereof shall be furnished
to Fidelity and Bank upon request and in any case shall be returned to Fidelity
and Bank upon termination of Miller's employment with Fidelity or Bank.

            (h) Miller agrees that Miller will promptly disclose to Fidelity and
Bank all inventions or discoveries made, conceived, or for the first time
reduced to practice in connection with or as a result of the work and/or
services Miller performs for Fidelity or Bank.

            (i) Miller agrees that he will assign the entire right, title, and
interest in any such invention or inventions and any patents that may be granted
thereon in any country in the world concerning such inventions to Fidelity and
Bank. Miller further agrees that Miller will, without expense to Fidelity or
Bank, execute all documents and do all acts which may be necessary, desirable,
or convenient to enable Fidelity and Bank, at its expense, to file and prosecute
applications for patents on such inventions, and to maintain patents granted
thereon.

                                       8
<PAGE>

      8. CONSIDERATION FOR NON-COMPETE, NON-SOLICITATION AND NON-DISCLOSURE
PROVISIONS. In consideration of Miller's undertakings set forth in Sections 4,
5, 6 and 7 above, with respect to periods after termination of employment,
Fidelity or the Bank will pay Miller thirty six (36) equal semi-monthly
installments, each installment in an amount equal to sixty percent (60%) of his
then Base Salary divided by 24, commencing on the 15th or last day of the month
immediately following the date of termination of employment, whichever date
occurs first, and on the 15th and last day of each calendar month thereafter
until all such installments are paid. If Miller violates any of the undertakings
set forth in Sections 4, 5, 6 and 7 of this Agreement, Miller waives and
forfeits any and all rights to any further payments under this Agreement,
including but not limited to, any additional payments, compensation or severance
he may otherwise be entitled to receive under this Agreement, whether pursuant
to this Section or otherwise.

      9. SPECIFIC PERFORMANCE. Because of Miller's knowledge and experience,
Miller agrees that Fidelity shall be entitled to specific performance, an
injunction, temporary injunction or other similar relief without the posting of
a bond or other security in addition to all other rights and remedies it might
have for any violation of the undertakings set forth in Sections 4, 5, 6 and 7
of this Agreement. In any such court proceeding, Miller will not object thereto
and claim that monetary damages are an adequate remedy.

      10. MAXIMUM PAYMENTS. The total amount payable hereunder as severance pay
(as set forth in Section 3(b)(i)) and consideration for the non-compete,
non-solicitation and non-disclosure provisions (as set forth in Section 8) shall
not exceed three times Miller's Base Salary.

      11. NO SETOFF. Nothing in this Agreement will limit or otherwise affect
such rights as Miller may have under any other contract or agreement with
Fidelity Southern, the Bank or Affiliates, except as specifically set forth in
such contract or agreement. Amounts which constitute vested benefits or which
Miller is otherwise entitled to receive under any employee benefit plan, policy,
practice or program of or any contract or agreement (collectively, "programs")
with Fidelity or the Bank at or subsequent to Miller's termination of employment
will be payable in accordance with such programs.

      12. INDEMNIFICATION OF MILLER. Fidelity shall indemnify Miller and shall
advance reimbursable expenses incurred by Miller in any proceeding against
Miller, including a proceeding brought by or in the right of Fidelity, as a
director or officer of Fidelity or any subsidiary thereof, except claims and
proceedings brought by Fidelity against Miller, to the fullest extent permitted
under the Articles of Incorporation and By-Laws of Fidelity and the Georgia
Business Corporation Code, as amended from time to time.

      13. NOTICES. All notices, requests, demands and other communications
required or permitted hereunder shall be in writing and shall be deemed to have
been given upon receipt when delivered by hand or upon delivery to the address
of the party determined pursuant to this Section when delivered by express mail,
overnight courier or other similar method to such address or by facsimile
transmission (provided a copy is also sent by registered or certified mail or by
overnight courier), or five (5) business days after deposit of the notice in the
US mail, if mailed by certified or registered mail, with postage prepaid
addressed to the

                                       9
<PAGE>

respective party as set forth below, which address may be changed by written
notice to the other party:

                  If to Fidelity:

                           Fidelity Southern Corporation
                           3490 Piedmont Road
                           Suite 1550
                           Atlanta, Georgia 30305
                           Attn:  Board of Directors

                  If to Miller:

                           James B. Miller, Jr.
                           c/o Fidelity Southern Corporation
                           3490 Piedmont Road, Suite 1550
                           Atlanta, Georgia 30305

      14. BINDING EFFECT. This Agreement shall inure to the benefit of and be
binding upon and enforceable by Miller and his estate, personal representatives
and heirs, and by Fidelity and its successors and assigns. This Agreement and
the payments hereunder may not be assigned, pledged or otherwise hypothecated by
Miller.

      15. ENTIRE AGREEMENT. This Agreement, including the Split Dollar Plan and
the Flexible Premium Adjustable Life Insurance, Universal Life policies and
Miller Continuity Agreement are intended by the parties hereto to constitute the
entire understanding of the parties with respect to the employment of Miller as
an employee and officer of Fidelity and election as Chairman of the Board of
Fidelity and the Bank and supersedes all prior agreements and understandings,
oral or written.

      16. BINDING ARBITRATION/ATTORNEY FEES. Except as otherwise specifically
provided herein, including as provided in Section 9 hereof, Specific
Performance, all disputes arising under this Agreement shall be submitted to and
settled by arbitration. Arbitration shall be by one (1) arbitrator selected in
accordance with the rules of the American Arbitration Association, Atlanta,
Georgia ("AAA") by the AAA. The hearings before the arbitrator shall be held in
Atlanta, Georgia and shall be conducted in accordance with the rules existing on
the date thereof of the AAA to the extent not inconsistent with this Agreement.
All reasonable costs and expense incurred in connection with any such
arbitration proceedings and those incurred in any civil action to enforce the
same shall be borne by the party against which the decision is rendered.

__________
Executive

_________
Fidelity
Southern

_________
Bank

      17. AMENDMENTS. This Agreement may not be amended or modified except in
writing signed by both parties.

                                       10
<PAGE>

      18. WAIVERS. The failure of either party to insist upon the strict
performance of any provision hereof shall not constitute a wavier of such
provision. All waivers must be in writing.

      19. FUTURE EMPLOYERS. Fidelity or Bank may notify anyone employing Miller
or evidencing an intention to employ Miller as to the existence and provisions
of this Agreement and may provide any such person or organization a copy of this
Agreement. Miller agrees that for a period of 18 months after termination of
Miller's employment with Fidelity or Bank for any reason, Miller will provide
Fidelity and Bank the identity of any employer Miller goes to work for along
with Miller's job title and anticipated job duties with any such employer.

      20. GOVERNING LAW. This Agreement shall be deemed to be made in and in all
respects shall be interpreted, construed and governed by and in accordance with
the laws of the State of Georgia, excluding its conflicts of laws.

                                       11
<PAGE>

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

                                    FIDELITY SOUTHERN CORPORATION

                                    By: /s/ David R. Bockel
                                       ------------------------------------
                                    Name: David R. Bockel
                                    Title: Chairman, Compensation Committee

                                    FIDELITY BANK

                                    By: /s/ David R. Bockel
                                       ------------------------------------
                                    Name: David R. Bockel
                                    Title: Chairman, Compensation Committee

                                    MILLER

                                        /s/ James B. Miller
                                    ---------------------------------------
                                        James B. Miller, Jr.

                                       12
<PAGE>

                                  ATTACHMENT A
                             INCENTIVE COMPENSATION

      For each calendar year during the term of the Agreement, the Compensation
Committee ("Committee") of the Board of Directors of Fidelity will establish in
its sole discretion (after discussion with Miller) a target consolidated net
income of Fidelity Southern Corporation and Subsidiaries ("Fidelity") before the
Incentive Compensation provided herein, excluding extraordinary items
(determined in accordance with generally accepted accounting principles)
("Target Income") for such calendar year prior to the commencement of the
calendar year. Miller will be paid incentive compensation ("Incentive
Compensation") in cash depending upon the percentage in excess of Target Income
achieved for such calendar year.

      In the event the consolidated net income of Fidelity for any calendar year
before the Incentive Compensation provided herein and excluding extra-ordinary
items, determined in accordance with generally accepted accounting principles
("Income") achieved exceeds 100% of the Target Income, the Incentive
Compensation shall be the product of (i) $100,000 times (ii) the incremental
percentage of the Target Income between 100% of the Target Income and 105% of
the Target Income. For example, if the percentage of Income achieved is 104% of
the Target Income, the Incentive Compensation is $80,000. No Incentive
Compensation will be paid if the percentage of Target Income achieved is 100% or
less. The maximum Incentive Compensation shall be $100,000.

      The Compensation Committee may modify the Target Income for any calendar
year at any time during a calendar year to reflect changes resulting from
changes in accounting principles or practices of Fidelity and changes in the
business plan.

      In the event of any dispute as to the achieved Income, it shall be such
amount as set forth in Fidelity's certified financial statements less the amount
of this Incentive Compensation for such calendar year.

      The right of Miller to receive the Incentive Compensation hereunder
related to a calendar year shall vest on the last day of such calendar year. In
the event Miller is entitled pursuant to the Agreement to Incentive Compensation
for a period of less than a full year, the Incentive Compensation for such year
shall vest on the last day of his employment and the amount shall be determined
as set forth hereinabove for the calendar year prorated based upon the
percentage of the year Miller was employed under the Agreement.

      Payment is to be made in cash promptly after the amount is determined but
in no event more than 90 days after the end of the calendar year. The Committee,
in its sole discretion, during a calendar year may make a non-refundable
prepayment of a portion of the Incentive Compensation to Miller if it believes
that the partial payment will not exceed the amount of the Incentive
Compensation for that calendar year.

                                   FIDELITY SOUTHERN CORPORATION

                                   By: /s/ David R. Bockel
                                      ------------------------------------
                                   Name: David R. Bockel
                                   Title: Chairman, Compensation Committee

<PAGE>

                                   FIDELITY BANK

                                   By: /s/ David R. Bockel
                                      ------------------------------------
                                   Name: David R. Bockel
                                   Title: Chairman, Compensation Committee

                                   MILLER

                                       /s/ James B. Miller, Jr.
                                   ---------------------------------------
                                       James B. Miller, Jr.

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