Document:

Form of Organizer Contribution and Joint Venture Agreement

 Exhibit 10.6 
 ORGANIZER CONTRIBUTION AND 
 JOINT VENTURE AGREEMENT 
 THIS ORGANIZER CONTRIBUTION AND JOINT VENTURE AGREEMENT (the “Agreement”) is entered into among the Organizers (as defined below) of a proposed
bank to be located in North Metro Atlanta area (the “Bank”). 
 PREAMBLE 
 The undersigned organizers of the Bank, and those who may hereafter join in the execution of this Agreement as additional organizers of the Bank at the
invitation of the original organizers (collectively, the “Organizers”), have agreed to join together for the purpose of preparing and filing an application with the appropriate authorities to organize the Bank and, if deemed desirable, a
holding company for the Bank. The Organizers have agreed among themselves to underwrite the organizational and pre-opening expenses of the Bank, subject to being reimbursed out of the proceeds of the initial capitalization of the Bank. The
Organizers desire to divide among themselves responsibility for payment of such expenses in the event the proposed organization of the Bank is unsuccessful. 
 FOR AND IN CONSIDERATION of the foregoing, the undersigned agree as follows: 
 1. Formation. The
Organizers hereby form and create a joint venture for the purposes and on the terms and conditions herein set forth (the “Venture”). The name of the Venture shall be Formosa Rose, LLC. 
 2. Purposes. The purposes of this Venture are to fund and administer the organization of the Bank, to pay the expenses incident thereto, including
but not limited to the services of Interstate Brokers as engaged by Bobby G. Williams on behalf of the Organizers, and to acquire for the benefit of the Bank (or in the event of the unsuccessful organization of the Bank, for investment and
subsequent disposition) real property for use as the Bank’s offices, and to enter into agreements and execute other instruments and documents incident to these purposes. 
 3. Contribution to Capital. Each of the Organizers shall contribute $20,000 to the Venture at the time such Organizer executes this Agreement. The
Organizers contemplate that these funds will be invested in an escrow account with The Bankers Bank which will be used to secure a line of credit issued by The Bankers Bank or other financial provider, to the Venture. 
  

	 	4.	Management. 

 (a) Control of the Venture and all of
its affairs shall be in the Organizers. Except as specified below, decisions shall be made and actions approved by a majority in number of the Organizers, except that no Organizer shall be entitled to vote until he or she has contributed the amount
of capital required under Paragraph 3. 

 (b) The Organizers designate Bobby G. Williams and Vivian Wong as temporary co-managers of the Venture
(the “Manager”). The Manager is to serve in such capacity until such time as the Organizers designate a new Manager by a vote of at least 75% of the Organizers. The Manager shall not receive a salary or any other compensation for serving
as the Manager, except as determined from time to time by the affirmative vote of at least 75% of the Organizers. However, the Organizers also intend to enter into an employment agreement with an individual who will become Chief Executive Officer of
the Bank as contemplated herein. That individual shall then become the Manager, pursuant to which the Manager will receive a salary. If the Organizers determine to form a holding company for the Bank, these employment agreements will be entered into
with or assigned to the holding company, and the organizational activities described in this Agreement will be conducted through the holding company, in accordance with its articles of incorporation and bylaws. 
 (c) The Organizers hereby delegate to the Manager the responsibility for the day-to-day management and ministerial acts of the Venture, and all questions
relating to the usual daily business affairs and ministerial acts of the Venture shall rest in the Manager. Subject to the express limitations of this Agreement, the Manager is authorized to do any and all things and to execute and deliver on behalf
of the Venture any and all agreements, instruments and other documents necessary to effectuate the purposes of the Venture. The Manager shall keep accurate books of account of the Venture’s collections and expenditures, which shall be open to
inspection by any Organizer at any reasonable time. The Manager shall furnish periodic reports of the Venture’s collections and expenditures to the Organizers. 
 (d) No Organizer (including the Manager) shall, without the consent of a majority of the Organizers: 
  

	 	(i)	do any act in contravention of this Agreement; 

  

	 	(ii)	do any act which would make it impossible to carry on the business of the Venture; 

  

	 	(iii)	borrow money in the Venture’s name, or utilize collateral owned by the Venture as security for such loans (except for the line of credit from The Bankers Bank or other
financial provider referenced in Paragraph 3 above, which the Organizers hereby approve and authorize the Manager to obtain); 

  

	 	(iv)	enter into any contract on behalf of or which binds the Venture; or 

  

	 	(v)	pledge or transfer his or her interest in the Venture, except pursuant to this Agreement. 

  

 - 2 - 

 5. Reimbursement of Contributions. The Organizers contemplate that, upon preliminary approval by
the regulatory authorities of the application to organize the Bank, the initial capitalization of the Bank will be accomplished through a public offering of common stock of the Bank or its holding company. Upon completion of the offering, the
Organizers contemplate that the holding company or Bank will promptly reimburse the Organizers (including any Organizer who has withdrawn from the Venture) for the organizational expenses advanced by them. Each of the Organizers contemplates that he
or she will purchase at least the dollar amount of stock in the offering set out beside his or her name on the signature page hereto, which amount shall be at least $200,000. This is a nonbinding statement of intent, and the stock of the Bank or
holding company will be offered only pursuant to a prospectus or offering circular. If the application to organize does not receive regulatory approval, or if the offering of stock is not successful in raising the minimum capitalization required to
open the Bank, or if the Organizers by majority vote elect to abandon the Venture, then the organizational expenses will be borne by the Organizers. Such expenses will be paid first from the escrow account referenced in Paragraph 3 above and, to the
extent necessary, each Organizer will be responsible for his or her pro rata portion of any remaining expenses. The amount of any deficit due the organizational expense fund or any surplus from the expense fund which may be reimbursed to the
Organizers shall be computed by the Manager and shall be promptly paid after abandonment of the Venture. 
 6. Withdrawal of
Organizer. Any Organizer may withdraw from the Venture upon written notice to the Manager. A withdrawing Organizer shall not be entitled to any refund of any funds paid into the Venture or reimbursement for funds paid for the Venture except as
set forth in Paragraph 5 above. 
 7. Additional Organizers. This Agreement will remain open for execution by additional
Organizers who are invited to join the organizing group by the unanimous consent of the then existing Organizers. 
 8. Ratification.
The execution of this agreement in counterparts by each additional organizer constitutes a ratification of the terms of the consulting agreement with Interstate Brokers. 
 9. Miscellaneous. This Agreement shall be construed under and in accordance with the laws in the state of Georgia. This Agreement may be executed
by the Organizers in two or more counterparts, each of which shall be an original but all of which shall constitute one and the same instrument. 
  

 - 3 - 

 IN WITNESS WHEREOF, the Organizers have executed this Agreement as of the date first written
above. 
  

							
	  	 	 Organizer
	  	 Signature
 and
 Date
	  	 Anticipated
 Stock
 Purchase

				
	 Name:
	 	  
	  	  
	  	$            
	 Address:
	 	  
	  	             , 2006
	  	
				
	 Telephone:
	 		  		  	

  

							
	  	 	 Organizer
	  	 Signature
 and
 Date
	  	 Anticipated
 Stock
 Purchase

				
	 Name:
	 	  
	  	  
	  	$            
	 Address:
	 	  
	  	             , 2006
	  	
				
	 Telephone:
	 		  		  	

  

							
	  	 	 Organizer
	  	 Signature
 and
 Date
	  	 Anticipated
 Stock
 Purchase

				
	 Name:
	 	  
	  	  
	  	$            
	 Address:
	 	  
	  	             , 2006
	  	
				
	 Telephone:
	 		  		  	

  

 - 4 -Consulting Agreement

 Exhibit 10.7 
 INTERSTATE BROKERS 
 1100 Johnson Ferry Road, NE 
 Atlanta GA 30342 
 Organizers & Directors 

Georgia Bank Group 
 Organizers: 
 We are pleased to offer the following description of the terms of INTERSTATE BROKERS (“INTERSTATE BROKERS”) services to you in connection with
the organization of a de novo bank and bank holding company in Georgia. If the terms of our engagement meet with your approval, please so indicate by signing the enclosed copy of this letter and returning it to us for our files. Our engagement will
cover the following: 
 Assistance with Regulatory Process 
 We understand that you wish to file charter applications with either the Office of the Comptroller of the Currency (“the OCC”), the State
Department of Banking (“SDB”) or the Office of Thrift Supervision (“the OTS”) to organize a new bank (“the Charter Application”) and simultaneously file an application with the Federal Deposit Insurance Corporation
(“the FDIC”) for deposit insurance. 
 We will determine the specific regulatory steps needed to be taken before submitting your
applications and advise you about such matters as the filing fees, publication of notices, and brief you about the policies and procedures generally applied by the OCC, SDB, OTS, and the FDIC. 
 We will be responsible for preparing a feasibility analysis for your new bank to demonstrate that there is a need for the bank and that the convenience
of the community will be enhanced by a new bank. The analysis will include demographic data for your proposed primary service area, information on your competition and other relevant information and data which are required to be set forth in the
applications. 
 We will assist the organizers in the recruitment of additional organizers and senior management for the bank. 
 We will also work with the CEO and organizers in the preparation of a business plan for the new bank including the specific types of proposed services to
be offered by your new bank and the pricing of same. The business plan will also contain the appropriate capital structure for the new bank and the supporting rationale for the structure. 
 We will assist management in the development and review of proposed policies and procedures to cover administrative functions of the new bank including,
but not limited to, lending, investment, security and audit with a view toward assisting the new bank in passing the field examination conducted by the OCC, SDB, OTS and the FDIC before the applications will be approved. 

 We will assist in preparing organizers’ confidential biographical and financial information, which
must be filed with the charter application, to ensure that such information complies as to form and completeness with customary OCC, SDB, OTS and the FDIC review standards. This assistance includes organizers, proposed directors and executive
management. 
 We will help you respond to any questions about the applications from the OCC, SDB, OTS, the FDIC, or the FED and work
expeditiously to provide additional information, clarifications, and modifications, as necessary, to the applications so that the applications are deemed “technically complete” and “accepted” for processing. 
 We will work with your legal counsel in the preparation of organizational documents for the new bank and the BHC including Articles of Association,
By-Laws and other initial documents required to be filed with the regulators. The legal fees will be your direct responsibility and are not part of our compensation. 
 In summary, we will assist you with the content, presentation, and format of the applications. You recognize and understand that the OCC, SDB, OTS, the FDIC, and the FED expect you to be completely familiar and in
agreement with the content of the applications, and that INTERSTATE BROKERS cannot and does not guarantee that the OCC, SDB or OTS will approve the proposed bank’s charter, that the FDIC will award deposit insurance, or that the Fed or OTS will
approve the bank holding company. 
 Term of Engagement 
 We will continue to provide the aforementioned services until such time as the proposed bank obtains charter approval from the OCC, SDB or OTS and
deposit insurance from the FDIC. Likewise, we will continue to provide services with regard to the BHC application until you receive a decision from the FED or OTS. You understand and agree, however, that if our services are required in conjunction
with any formal protests by competing financial institutions or as result of changes in the composition of the organizing group or due to further modifications in the bank’s operating plan after the charter application is accepted by the OCC,
SDB or OTS, then such services are not contemplated by this engagement letter. If such additional services are needed, we will bill you on the basis of the number of hours provided and at our normal and customary rates per hour ($200). 

You may, however, elect to terminate this engagement at any time so long as you are current in the payment of all fees and expense reimbursements
required in the section entitled “Compensation” below and current in payment of all fees and expenses billed in the event that additional services described in the preceding paragraph are provided. Any such termination will become
effective immediately upon receipt by us of a written notice of termination. If the applications have been filed, then such termination will not alter the obligation of the organizers to pay all professional fees contemplated in the following
description of “Compensation.” You understand and agree that all payments received prior to such termination will not be subject to refund. In the event of a termination, we will cease providing you with all services. 
  

 2 

 Compensation 
 For the services described above, you agree to pay us professional fees totaling $125,000 as follows: $8,500 upon execution of this Agreement, and $8,500 on the first day of each month for nine (9) thereafter,
with an additional $20,000 to be due upon filing the charter application, and $20,000 to be due at the earlier of: a. receipt of preliminary approval for your bank charter, or b. $20,000 90 days from the date of filing of the charter application.
You agree to pay our normal and customary rate per hour for special services, if any, provided after preliminary approval of the charter. 
 In addition to the professional fees described above, you will be invoiced on the first business day of each month for all expenses incurred for your account. Such invoices shall be payable upon receipt. We expect to incur such expenses as
travel, telephone, facsimile, demographic, and peer data, express and local courier services, duplication and binding of numerous copies of the applications and out of pocket expenses. Accordingly, we request that upon execution of this engagement
letter, you agree that we shall be advanced $7,500 within two weeks of your signature, as a deposit against our expenses to be incurred on your behalf. The deposit will be refunded within thirty days after you open for business. In addition, we will
incur certain expenses on your behalf in connection with pre-organization activities. We expect such expenses to be less than $10,000, and we will not bill you for more than said $10,000 without your prior approval. You will be invoiced separately
for the pre-organization expenses and such invoice will be due and payable upon receipt. 
 Miscellaneous

 Because we recognize that our engagement by you will necessarily involve exposure to confidential information with respect to your
proposed bank and the organizers and directors thereof, we agree to hold such information in confidence and will not disclose same to third parties without your prior written consent. Likewise, the terms of our engagement by you, the proposed bank
and bank holding company, are confidential. No disclosure may be made to a third party without our prior written consent, except by reason of legal, accounting, or regulatory requirements 
 At our option, we may purchase stock in your bank/holding company. If we do make such a purchase, we shall have unrestricted warrants, on a share for
share basis, for stock purchased up to the amount of our fee. Any stock purchased over the amount of our fee shall not be warranted. 
 We
may also be retained by you to assist you in the sale of stock to investors outside the organizer group. If you ask us to provide stock sales coordination services, our fee will be 3% of all stock sold over and above that directly subscribed by the
organizers, payable at the conclusion of the escrow period as the first distribution from escrow. In most cases, the regulatory authorities will allow us to receive stock with warrants in lieu of, or by reimbursement of, our some or all of our fee,
as discussed in the second paragraph of this section. We will make this decision prior to the filing of the application with the appropriate regulators. 
  

 3 

 You understand and agree that the terms of our engagement will be governed under Georgia law and that
this letter sets forth all of the terms and conditions with respect to such engagement. Any amendment or modification of our engagement must be made in writing and signed by each of us. Neither party to this engagement may bring an action more than
one year after the cause of action arises. This engagement letter replaces all prior written and oral communication and is the complete agreement between you and INTERSTATE BROKERS. 
 We very much look forward to working with you on this project and trust that this letter meets with your approval. Of course, please do not hesitate to
contact the undersigned should you have any questions regarding this matter. 
  

			
	INTERSTATE BROKERS
		
	By:	 	 /s/ John L. Johnson

		 	John L. Johnson
		 	Principal

  

	
	Acknowledged, Agreed and
	 Accepted by the undersigned Organizer(s)
 this 8th day of
March, 2006.

	
	 /s/ Bobby G. Williams

  

 4

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