Document:

TSJ&A
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Stephen Johnson & Associates, Inc.                  3650 Mansell Road, Suite 200

                                                       Alpharetta, Georgia 30022

                                                                  (770) 998-6491

July 8, 2002                                                  Fax (770) 998-6850

Mr. Lloyd Gunter
Baxley De Novo Bank Organizing Group

Folkston, Georgia 31537

Dear Lloyd:

The  purpose  of  this  letter  is  to  outline the terms under which T. Stephen
Johnson  &  Associates,  Inc. ("TSJ&A") will provide consulting services to your
group  of  organizers  for  the  purpose of organizing a de novo bank in Baxley,
Georgia.

1.   Description  of  Responsibilities
     ---------------------------------

     The  general  area  of  our responsibility will be to formulate the initial
     business plan, feasibility analysis, and orchestrate the regulatory process
     to  seek  approval  of a bank charter and federal deposit insurance for the
     institution.  More  specifically,  our  responsibilities  will  include the
     following:

     (a)  We  will develop the business and supporting feasibility justification
          for  the  application to be submitted to the Office of the Comptroller
          of  the  Currency or the Georgia Department of Banking and Finance and
          the  Federal  Deposit  Insurance  Corporation for a charter for the de
          novo  bank.  Particular  attention  will be given to the justification
          provided  in  the  application in terms of the institution serving the
          community  needs  and  that  justification  will  require  analysis of
          demographic  and economic data and presentation of the same to support
          the  conclusion that a charter should be issued. The business plan for
          the bank will include the market of Appling County and the surrounding
          area.

     (b)  We  will  assist  you  in  formulating  the  capital structure for the
          institution, giving due consideration to regulatory standards. It will
          not  be  our  responsibility  to locate investors for the institution.

     (c)  We will assist you in formulating the initial operating budget for the
          institution,  including projections of balance sheet items, and income
          and  expenses  of  operation.

     (d)  We  will  assist  each  director/organizer  in  the preparation of his
          biographical  and  personal  financial  statement.

<PAGE>
Mr. Gunter
July 8, 2002
Page 2 of 3

     (e)  We  will  orchestrate,  prepare  and file the regulatory applications,
          which  will  include  the above referenced information. We will assist
          the  organizing  group  in  responding  to  all additional information
          requested  by  the  regulators.

     (f)  We  will  attend  all  meetings  with  regulators  as  necessary.

     (g)  We  will  assist in the development of any employment agreements as it
          relates  to  various  regulatory  issues.

     (h)  In  the event a bank holding company is needed in, we will prepare and
          file  a bank holding company application with the Federal Reserve Bank
          and  attend any meetings with the regulators which might be applicable
          and  respond  to  the  regulators  request for additional information.

The  above-described consulting services will continue through the time that the
institution  is  granted  its  charter  to  open  for  business from its primary
regulator  and  approval  of  the  holding  company  formation.

2.   Compensation
     ------------

     TSJ&A will be compensated for the above described consulting services for a
     total consulting fee of $50,000 plus out-of-pocket expenses. The consulting
     fee  will be payable in monthly installments of $10,000 for 5 months due on
     the first of each month. The initial installment will be due upon execution
     of  this  contract.  In  the  event  that  the group decides to form a bank
     holding  company  an  additional  consulting fee of $5,000 will be due upon
     filing  of  the  holding  company  application.  The  organizing group will
     reimburse  documented  out-of-pocket  expenses,  which include travel, long
     distance  telephone,  research  materials,  photocopy  charges,  overnight
     courier,  etc. on a monthly basis. Out-of-pocket expenses are estimated not
     to  exceed  $5,000.

3.   Other  Ventures
     ---------------

     You  acknowledge  that TSJ&A regularly engages in the business of providing
     consulting  services  to  all  types  of depository institutions, including
     those  that  are  operational  as  well as those that are in the process of
     formation. Accordingly, although our responsibilities to you will include a
     responsibility  not  to  disclose  to  other  depository  institutions
     confidential  business  information arising out of my involvement with your
     institution,  we  are  not to be limited in continuing the services that we
     presently  provide to other institutions, nor are we precluded from seeking
     to  obtain  other  operating or to-be-organized institutions as clients for
     our  consulting services. It will be our responsibility, however, to manage
     our  various undertakings for different clients in order to comply with the
     needs  of  your  institution  for  timely  and thorough assistance from us.

<PAGE>
July 8, 2002
Page 3 of 3

If this letter accurately states the terms of the engagement between TSJ&A and
the organizers, please sign in the space provided below and return to me.

Sincerely,

/s/ W. James Stokes
W. James Stokes
Senior Vice President

Agreed and accepted Date:

Date: September 4, 2002
      -------------------------

Spokesperson representing organizing group:

/s/ Lloyd Gunter, President-CEO
Southeast Community Investors, LLC
----------------------------------------------

Any  notice  or  other  communication  required  or permitted hereunder shall be
deemed  sufficiently given, if sent by registered or certified mail, postage and
fees  prepaid,  addressed  to  the  party  to  be  notified  as  follows:

     (a)     If to consulting company:

             Mr. T. Stephen Johnson, President
             T. Stephen Johnson & Associates, Inc.
             3650 Mansell Road, Suite 200
             Alpharetta, GA 30022

     (b)     If to Organizers:

             c/o:     Lloyd Gunter
                      Southeast Community Investors, LLC
                      c/o Thompson Farm Supply, Inc.
                      382 E. Parker St.
                      Baxley, GA  31513

<PAGE>ESCROW AGREEMENT

     THIS ESCROW AGREEMENT (this "Agreement") is entered into and effective as
of the 1st day of May, 2003, by and between Community Bank of Georgia, Inc., a
corporation (the "Company"), and The Bankers Bank (the "Escrow Agent").

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

     WHEREAS, the Company proposes to offer and sell (the "Offering") up to
800,000 shares of Common Stock, $5.00 par value per share (the "Shares"), to
investors at $10.00 per Share pursuant to a registered public offering; and

     WHEREAS, the Company desires to establish an escrow for funds forwarded by
subscribers for Shares, and the Escrow Agent is willing to serve as Escrow Agent
upon the terms and conditions herein set forth.

     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.   DEPOSIT WITH ESCROW AGENT.
          -------------------------

          (a)  The Escrow Agent agrees that it will from time to time accept, in
its capacity as escrow agent, subscription funds for the Shares (the "Escrowed
Funds") in the form of checks received by the Company from subscribers. All
checks shall be made payable to the Escrow Agent. If any check does not clear
normal banking channels in due course, the Escrow Agent will promptly notify the
Company. Any check which does not clear normal banking channels and is returned
by the drawer's bank to Escrow Agent will be promptly turned over to the Company
along with all other subscription documents relating to such check. Any check
received that is made payable to a party other than the Escrow Agent shall be
returned to the Company for return to the proper party. The Company in its sole
and absolute discretion may reject any subscription for shares for any reason
and upon such rejection it shall notify and instruct the Escrow Agent in writing
to return the Escrowed Funds by check made payable to the subscriber. If the
Company rejects or cancels any subscription for any reason the Company will
retain any interest earned on the Escrowed Funds to help defray organizational
costs.

          (b)  Subscription agreements for the Shares shall be reviewed for
accuracy by the Company and, immediately thereafter, the Company shall deliver
to the Escrow Agent the following information: (i) the name and address of the
subscriber; (ii) the number of Shares subscribed for by such subscriber; (iii)
the subscription price paid by such subscriber; (iv) the subscriber's tax
identification number certified by such subscriber; and (v) a copy of the
subscription agreement.

<PAGE>
     2.   INVESTMENT OF ESCROWED FUNDS. Upon collection of each check by the
          ----------------------------
Escrow Agent, the Escrow Agent shall invest the funds in deposit accounts or
certificates of deposit which are fully insured by the Federal Deposit Insurance
Corporation or another agency of the United States government, short-term
securities issued or fully guaranteed by the United States government, federal
funds, or such other investments as the Escrow Agent and the Company shall
agree.  The Company shall provide the Escrow Agent with instructions from time
to time concerning in which of the specific investment instruments described
above the Escrowed Funds shall be invested, and the Escrow Agent shall adhere to
such instructions.  Unless and until otherwise instructed by the Company, the
Escrow Agent shall by means of a "Sweep" or other automatic investment program
invest the Escrowed Funds in blocks of $1,000 in federal funds.  Interest and
other earnings shall start accruing on such funds as soon as such funds would be
deemed to be available for access under applicable banking laws and pursuant to
the Escrow Agent's own banking policies.

     3.   DISTRIBUTION OF ESCROWED FUNDS. The Escrow Agent shall distribute the
          ------------------------------
Escrowed Funds in the amounts, at the times, and upon the conditions hereinafter
set forth in this Agreement.

          (a)  If at any time on or prior to the expiration date of the offering
as described in the prospectus relating to the offering, (the "Closing Date"),
(i) the Escrow Agent has certified to the Company in writing that the Escrow
Agent has received at least $5,100,000.00 in Escrowed Funds, and (ii) the Escrow
Agent has received a certificate from the President or the Chairman of the Board
of the Company that all other conditions to the release of funds as described in
the Company's Registration Statement filed with the Securities and Exchange
Commission pertaining to the public offering have been met, then the Escrow
Agent shall deliver the Escrowed Funds to the Company to the extent such
Escrowed Funds are collected funds. If any portion of the Escrowed Funds are not
collected funds, then the Escrow Agent shall notify the Company of such fact and
shall distribute such funds to the Company only after such funds become
collected funds. For purposes of this Agreement, "collected funds" shall mean
all funds received by the Escrow Agent, which have cleared normal banking
channels.

          (b)  If the Escrowed Funds do not, on or prior to the Closing Date,
become deliverable to the Company based on failure to meet the conditions
described in Paragraph 3(a), or if the Company terminates the offering at any
time prior to the Closing Date and delivers written notice to the Escrow Agent
of such termination (the "Termination Notice"), the Escrow Agent shall return
the Escrowed Funds which are collected funds as directed in writing by the
Company to the respective subscribers in amounts equal to the subscription
amount theretofore paid by each of them. All uncleared checks representing
Escrowed Funds which are not collected funds as of the Initial Closing Date
shall be collected by the Escrow Agent, and together with all related
subscription documents thereof shall be delivered to the Company by the Escrow
Agent, unless the Escrow Agent is otherwise specifically directed in writing by
the Company.

     4.   DISTRIBUTION OF INTEREST. Any interest earned on the Escrowed Funds
          ------------------------
shall be retained by the Company.

<PAGE>
     5.   FEE OF ESCROW AGENT. The escrow account will accrue a service charge
          -------------------
of $20.00 per month. In addition, a $20.00 per check fee will be charged if the
escrow account has to be refunded due to a failure to complete the subscription.
All of these fees are payable upon the release of the Escrowed Funds, and the
Escrow Agent is hereby authorized to deduct such fees from the Escrowed Funds
prior to any release thereof pursuant to Section 3 hereof or accept direct
payment from the Company.

     6.   LIABILITY OF ESCROW AGENT.
          -------------------------

          (a)  In performing any of its duties under the Agreement, or upon the
claimed failure to perform its duties hereunder, the Escrow Agent shall not be
liable to anyone for any damages, losses or expenses which it may incur as a
result of the Escrow Agent so acting, or failing to act; provided, however, the
Escrow Agent shall be liable for damages arising out of its willful default or
misconduct or its gross negligence under this Agreement. Accordingly, the Escrow
Agent shall not incur any such liability with respect to (i) any action taken or
omitted to be taken in good faith upon advice of its counsel or counsel for the
Company which is given with respect to any questions relating to the duties and
responsibilities of the Escrow Agent hereunder; or (ii) any action taken or
omitted to be taken in reliance upon any document, including any written notice
or instructions provided for this Escrow Agreement, not only as to its due
execution and to the validity and effectiveness of its provisions but also as to
the truth and accuracy of any information contained therein, if the Escrow Agent
shall in good faith believe such document to be genuine, to have been signed or
presented by a proper person or persons, and to conform with the provisions of
this Agreement.

          (b)  The Company agrees to indemnify and hold harmless the Escrow
Agent against any and all losses, claims, damages, liabilities and expenses,
including, without limitation, reasonable costs of investigation and counsel
fees and disbursements which may be imposed by the Escrow Agent or incurred by
it in connection with its acceptance of this appointment as Escrow Agent
hereunder or the performance of its duties hereunder, including, without
limitation, any litigation arising from this Escrow Agreement or involving the
subject matter thereof; except, that if the Escrow Agent shall be found guilty
of willful misconduct or gross negligence under this Agreement, then, in that
event, the Escrow Agent shall bear all such losses, claims, damages and
expenses.

          (c)  If a dispute ensues between any of the parties hereto which, in
the opinion of the Escrow Agent, is sufficient to justify its doing so, the
Escrow Agent shall retain legal counsel of its choice as it reasonably may deem
necessary to advise it concerning its obligations hereunder and to represent it
in any litigation to which it may be a part by reason of this Agreement. 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 the
terms of this Agreement, and to file such legal proceedings as it deems
appropriate, and shall thereupon be discharged from all further duties under
this Agreement. Any such legal action may be brought in any such court as the
Escrow Agent shall determine to have jurisdiction thereof. In connection with
such dispute, the Company shall indemnify the Escrow Agent against its court
costs and reasonable attorney's fees incurred.

<PAGE>
          (d)  The Escrow Agent may resign at any time upon giving thirty (30)
days written notice to the Company. If a successor escrow agent is not appointed
by Company within thirty (30) days after notice of resignation, the Escrow Agent
may petition any court of competent jurisdiction to name a successor escrow
agent and the Escrow Agent herein shall be fully relieved of all liability under
this Agreement to any and all parties upon the transfer of the Escrowed Funds
and all related documentation thereto, including appropriate information to
assist the successor escrow agent with the reporting of earnings of the Escrowed
Funds to the appropriate state and federal agencies in accordance with the
applicable state and federal income tax laws, to the successor escrow agent
designated by the Company appointed by the court.

     7.   APPOINTMENT OF SUCCESSOR. The Company may, upon the delivery of thirty
          ------------------------
(30) days written notice appointing a successor escrow agent to the Escrow
Agent, terminate the services of the Escrow Agent hereunder. In the event of
such termination, the Escrow Agent shall immediately deliver to the successor
escrow agent selected by the Company, all documentation and Escrowed Funds
including interest earnings thereon in its possession, less any fees and
expenses due to the Escrow Agent or required to be paid by the Escrow Agent to a
third party pursuant to this Agreement.

     8.   NOTICE. All notices, requests, demands and other communications or
          ------
deliveries required or permitted to be given hereunder shall be in writing and
shall be deemed to have been duly given three days after having been deposited
for mailing if sent by registered mail, or certified mail return receipt
requested, or delivery by courier, to the respective addresses set forth below:

     IF TO THE SUBSCRIBERS FOR SHARES:      To their respective addresses as
                                            specified in their Subscription
                                            Agreements.

     THE COMPANY:                           Community Bank of Georgia, Inc.
                                            134 W. Parker Street
                                            Baxley, Ga 31513
                                            Attention:  Lloyd Gunter
                                            President - CEO

     WITH A COPY TO:

     THE ESCROW AGENT:                      The Bankers Bank
                                            2410 Paces Ferry Road
                                            600 Paces Summit
                                            Atlanta, GA 30339-4098
                                            Attention:     Jo W. Avery
                                                           Vice President

<PAGE>
     9.   REPRESENTATIONS OF THE COMPANY. The Company hereby acknowledges that
          ------------------------------
the status of the Escrow Agent with respect to the offering of the Shares
is that of agent only for the limited purposes herein set forth, and hereby
agrees it will not represent or imply that the Escrow Agent, by serving as the
Escrow Agent hereunder or otherwise, has investigated the desirability or
advisability in an investment in the Shares, or has approved, endorsed or passed
upon the merits of the Shares, nor shall the Company use the name of the Escrow
Agent in any manner whatsoever in connection with the offer or sale of the
Shares, other than by acknowledgment that it has agreed to serve as Escrow Agent
for the limited purposes herein set forth.

     10.  GENERAL.
          -------

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

          (b)  The section headings contained herein are for reference purposes
only and shall not in any way affect the meaning or interpretation of this
Agreement.

          (c)  This Agreement sets forth the entire agreement and understanding
of the parties with regard to this escrow transaction and supersedes all prior
agreements, arrangements and understandings relating to the subject matter
hereof.

          (d)  This Agreement may be amended, modified, superseded or canceled,
and any of the terms or conditions hereof may be waived, only by a written
instrument executed by each party hereto or, in the case of a waiver, by the
party waiving compliance. The failure of any part at any time or times to
require performance of any provision hereof shall in no manner affect the right
at a later time to enforce the same. No waiver in any one or more instances by
any part of any condition, or of the breach of any term contained in this
Agreement, whether by conduct or otherwise, shall be deemed to be, or construed
as, a further or continuing waiver of any such condition or breach, or a waiver
of any other condition or of the breach of any other terms of this Agreement.

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

          (f)  This Agreement shall inure to the benefit of the parties hereto
and their respective administrators, successors and assigns. The Escrow Agent
shall be bound only by the terms of this Escrow Agreement and shall not be bound
by or incur any liability with respect to any other agreement or understanding
between the parties except as herein expressly provided. The Escrow Agent shall
not have any duties hereunder except those specifically set forth herein.

          (g)  No interest in any part to this Agreement shall be assignable in
the absence of a written agreement by and between all the parties to this
Agreement, executed with the same formalities as this original Agreement.

<PAGE>
     IN WITNESS WHEREOF, the parties have duly executed this Agreement as the
date first written above.

COMPANY:                                      ESCROW  AGENT:

Community Bank of Georgia, Inc.               THE BANKERS BANK

By: /s/ Lloyd Gunter                          By: /s/ Jo W. Avery
   -------------------------------               -------------------------------
      Lloyd  Gunter                                   Jo W. Avery
      President-CEO                                         Vice President

<PAGE>

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