Document:

<PAGE>

                                          CERTAIN INFORMATION IN THIS EXHIBIT
                                          HAS BEEN OMITTED AND FILED SEPARATELY
                                          WITH THE SECURITIES AND EXCHANGE
                                          COMMISSION PURSUANT TO A REQUEST FOR
                                          CONFIDENTIAL TREATMENT FILED WITH THE
                                          SEC AND IS MARKED BY AN ASTERISK [*]

     MERGER AGREEMENT AMONG BALENTINE HOLDINGS, INC., ROBERT M. BALENTINE,
  B. CLAYTON ROLADER, JEFFREY P. ADAMS, ROBERT E. REISER, JR., GARY B. MARTIN,
    WESLEY A. FRENCH, MICHAEL E. WOLF, THE 1999 BALENTINE FAMILY TRUST, THE
       ROBERT M. BALENTINE INSURANCE TRUST, WTC MERGER SUBSIDIARY, INC.,
             WT INVESTMENTS, INC. AND WILMINGTON TRUST CORPORATION

                                  EXHIBIT 10.51
<PAGE>

                                          CERTAIN INFORMATION IN THIS EXHIBIT
                                          HAS BEEN OMITTED AND FILED SEPARATELY
                                          WITH THE SECURITIES AND EXCHANGE
                                          COMMISSION PURSUANT TO A REQUEST FOR
                                          CONFIDENTIAL TREATMENT FILED WITH THE
                                          SEC AND IS MARKED BY AN ASTERISK [*]

                                MERGER AGREEMENT

                                      AMONG

                            BALENTINE HOLDINGS, INC.,

                              ROBERT M. BALENTINE,

                               B. CLAYTON ROLADER,

                                JEFFREY P. ADAMS,

                             ROBERT E. REISER, JR.,

                                 GARY B. MARTIN,

                                WESLEY A. FRENCH,

                                MICHAEL E. WOLF,

                        THE 1999 BALENTINE FAMILY TRUST,

                    THE ROBERT M. BALENTINE INSURANCE TRUST,

                          WTC MERGER SUBSIDIARY, INC.,

                              WT INVESTMENTS, INC.

                                       AND

                          WILMINGTON TRUST CORPORATION

                          Dated as of October 23, 2001
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                                TABLE OF CONTENTS

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BACKGROUND.....................................................................................................   1

ARTICLE 1  DEFINITIONS.........................................................................................   2

ARTICLE 2  THE MERGER..........................................................................................   9

          Section 2.1       The Merger.........................................................................   9
          Section 2.2       Effective Time.....................................................................   9
          Section 2.3       Closing............................................................................   9
          Section 2.4       Contribution.......................................................................   9
          Section 2.5       Execution of LLC Agreement.........................................................   9
          Section 2.6       Final Closing Balance Sheet........................................................   9

ARTICLE 3  CONSIDERATION; EXCHANGE.............................................................................  10

          Section 3.1       Merger Consideration...............................................................  10
          Section 3.2       Rights as Stockholders; Stock Transfers............................................  12
          Section 3.3       Fractional Shares..................................................................  12
          Section 3.4       Exchange Procedure.................................................................  12
          Section 3.5       Adjustments........................................................................  13

ARTICLE 4  REPRESENTATIONS AND WARRANTIES OF BALENTINE AND THE PRINCIPALS TO MERGER SUBSIDIARY, WTI AND WTC....  13

PRINCIPALS TO MERGER SUBSIDIARY, WTI AND WTC...................................................................  13

          Section 4.1       Organization.......................................................................  13
          Section 4.2       Authority..........................................................................  13
          Section 4.3       Governmental Filings; Non-Contravention............................................  14
          Section 4.4       Capitalization.....................................................................  14
          Section 4.5       Subsidiaries and Other Relationships...............................................  15
          Section 4.6       Business...........................................................................  15
          Section 4.7       Assets.............................................................................  15
          Section 4.8       Managed Assets.....................................................................  16
          Section 4.9       Receivables........................................................................  16
          Section 4.10      Contracts..........................................................................  16
          Section 4.11      Employment Arrangements............................................................  17
          Section 4.12      Financial Statements...............................................................  17
          Section 4.13      Material Adverse Change............................................................  17
          Section 4.14      Ordinary Course of Business........................................................  18
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          Section 4.15      Litigation and Compliance with Laws................................................  18
          Section 4.16      Environmental Matters..............................................................  19
          Section 4.17      Broker Dealer......................................................................  20
          Section 4.18      Insurance Policies.................................................................  20
          Section 4.19      Tax Matters........................................................................  20
          Section 4.20      Certain Transactions...............................................................  20
          Section 4.21      Employee Benefit Plans.............................................................  21
          Section 4.22      Brokerage..........................................................................  22
          Section 4.23      Investment Representations.........................................................  22
          Section 4.24      Privacy............................................................................  23
          Section 4.25      Investment Limitation..............................................................  23
          Section 4.26      No Known Regulatory Delays.........................................................  23

ARTICLE 5  REPRESENTATIONS AND WARRANTIES OF MERGER SUBSIDIARY, WTI AND WTC TO BALENTINE AND THE PRINCIPALS....  23

          Section 5.1       Organization.......................................................................  24
          Section 5.2       Authority..........................................................................  24
          Section 5.3       Governmental Filings; Non-Contravention............................................  24
          Section 5.4       Litigation and Compliance with Laws................................................  25
          Section 5.5       Investment Representations.........................................................  25
          Section 5.6       Common Stock.......................................................................  26
          Section 5.7       SEC Documents......................................................................  26
          Section 5.8       No Known Regulatory Delays.........................................................  27
          Section 5.9       Brokerage..........................................................................  27

ARTICLE 6  COVENANTS OF BALENTINE AND THE PRINCIPALS...........................................................  27

          Section 6.1       Client Consent.....................................................................  27
          Section 6.2       Conduct of Business................................................................  27
          Section 6.3       Preservation of Business and Assets................................................  28
          Section 6.4       Standstill.........................................................................  29
          Section 6.5       Investment Limitation..............................................................  29

ARTICLE 7  COVENANTS OF WTC....................................................................................  29

          Section 7.1       Securities Filings; NYSE Listing...................................................  29
          Section 7.2       Indemnification....................................................................  29
          Section 7.3       WTC Business Benefits..............................................................  30

ARTICLE 8  COVENANTS OF THE PARTIES............................................................................  31

          Section 8.1       Regulatory Authorizations..........................................................  31
          Section 8.2       Confidentiality....................................................................  32
          Section 8.3       Expenses Incident to this Agreement................................................  32
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          Section 8.4       Access; Information................................................................  32
          Section 8.5       Press Releases.....................................................................  33

ARTICLE 9  CONDITIONS PRECEDENT TO MERGER SUBSIDIARY'S, WTI'S AND WTC'S OBLIGATIONS............................  33

          Section 9.1       No Litigation; No Opposition.......................................................  33
          Section 9.2       Representations, Warranties and Covenants of Balentine and the Principals..........  33
          Section 9.3       Consents...........................................................................  34
          Section 9.4       Shareholder Approval...............................................................  35
          Section 9.5       Other Approvals....................................................................  35
          Section 9.6       Capitalization.....................................................................  35
          Section 9.7       Deliveries.........................................................................  35
          Section 9.8       Material Adverse Change............................................................  36
          Section 9.9       Liens..............................................................................  36
          Section 9.10      Stockholder Notes..................................................................  36
          Section 9.11      Shareholder Agreement..............................................................  36
          Section 9.12      Investment Adviser Registration....................................................  37
          Section 9.13      Stockholder Note of Nicholas J. Hoffman............................................  37
          Section 9.14      Non-Competition Agreements of Principals...........................................  37

ARTICLE 10  CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE BALENTINE ENTITIES AND THE PRINCIPALS...............  37

          Section 10.1      No Litigation; No Opposition.......................................................  37
          Section 10.2      Representations, Warranties and Covenants..........................................  37
          Section 10.3      Deliveries.........................................................................  38
          Section 10.4      Consents...........................................................................  38
          Section 10.5      Material Adverse Change............................................................  39

ARTICLE 11  INDEMNIFICATION....................................................................................  39

          Section 11.1      Indemnification by the Principals..................................................  39
          Section 11.2      Indemnification by WTI and WTC.....................................................  39
          Section 11.3      Limitation.........................................................................  39
          Section 11.4      Defense of Claims..................................................................  39
          Section 11.5      Prompt Payment.....................................................................  41
          Section 11.6      Sole Remedy........................................................................  41
          Section 11.7      Certain Reductions; Subrogation....................................................  41

ARTICLE 12  TERMINATION........................................................................................  41

          Section 12.1      Termination........................................................................  41
          Section 12.2      Effect of Termination..............................................................  42

ARTICLE 13  MISCELLANEOUS......................................................................................  42
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          Section 13.1      Survival of Representations, Warranties and Covenants..............................  42
          Section 13.2      Waivers............................................................................  42
          Section 13.3      Modifications......................................................................  43
          Section 13.4      Further Assurances.................................................................  43
          Section 13.5      Governing Law; Consent to Jurisdiction.............................................  43
          Section 13.6      Notices............................................................................  43
          Section 13.7      Assignability......................................................................  44
          Section 13.8      Captions...........................................................................  45
          Section 13.9      Number and Gender..................................................................  45
          Section 13.10     Severability.......................................................................  45
          Section 13.11     Counterparts.......................................................................  45
          Section 13.12     No Third-Party Beneficiaries.......................................................  45
          Section 13.13     Remedies for Section 8.2...........................................................  45
          Section 13.14     Integration........................................................................  45
          Section 13.15     Principals' Representative.........................................................  46
</TABLE>

                                      -iv-
<PAGE>
         THIS MERGER AGREEMENT (the "Agreement") is dated as of October 23,
2001, among Balentine Holdings, Inc., a Georgia corporation ("Balentine"),
Robert M. Balentine, B. Clayton Rolader, Jeffrey P. Adams, Robert E. Reiser,
Jr., Gary B. Martin, Wesley A. French, Michael E. Wolf, The 1999 Balentine
Family Trust, The Robert M. Balentine Insurance Trust (those individuals and
trusts are sometimes collectively referred to herein as the "Principals"), WTC
Merger Subsidiary, Inc., a Delaware corporation ("Merger Subsidiary"), WT
Investments, Inc., a Delaware corporation ("WTI"), and Wilmington Trust
Corporation, a Delaware corporation ("WTC").

                                   BACKGROUND

         A.   Balentine owns all of the issued and outstanding shares of capital
stock of Balentine & Company, a Georgia corporation ("BC"), all of the limited
liability company interests of Balentine General Partner, LLC, a Georgia limited
liability company ("GP"), and 47.2% of the limited liability company interests
in Balentine & Company of Tennessee, L.L.C. ("BCT") (Balentine, BC, GP and BCT
are sometimes collectively referred to herein as the "Balentine Entities").

         B.   Balentine Delaware Holding Company, LLC, a Delaware limited
liability company (the "LLC"), has heretofore been formed as a limited liability
company under the Delaware Limited Liability Company Act, 6 Del. C.[sec][sec]
18-101 et seq., as amended from time to time, by filing a Certificate of
Formation of the LLC with the Office of the Secretary of State of Delaware on
October 18, 2001 (the "LLC Certificate").

         C.   Immediately before the events described in Recital D below, BC
shall be converted into a Georgia limited liability company with an operating
agreement in the form of Exhibit (c) hereto.

         D.   Pursuant to a Contribution Agreement in the form of Exhibit (d)(1)
Balentine will, immediately before the Merger, contribute all of its assets to
the LLC (which will assume all of Balentine's liabilities) (the value of such
assets net of such liabilities being $[*] plus five times the appraised value of
the 20% profits interest) (the "Initial Capital Contribution"), in exchange for
which the LLC will issue a 100% capital interest and 100% profits interest to
Balentine, and execute an operating agreement of the LLC in the form of Exhibit
(d)(2) hereto ("Original LLC Agreement"). Immediately after the foregoing
contribution and before the Merger, Balentine will distribute to the Principals,
as its shareholders, an aggregate 20% profits interest in the LLC and partially
subordinated capital interest ("Principals' Interest") (collectively valued at
the appraised value of the 20% profits interest), retaining the remaining
capital interest and an 80% profits interest therein (the "Distribution"), and
the Principals and the LLC will execute joinder agreements in the form of
Exhibit (d)(3) hereto (the Original LLC Agreement as amended by such joinder
agreements being collectively referred to as the "Second LLC Agreement").

         E.   Merger Subsidiary, a wholly owned subsidiary of WTC, has
heretofore been formed as a corporation under the Delaware General Corporation
Law, 8 Del. C.[sec][sec]101 et seq., by filing a Certificate of Incorporation of
Merger Subsidiary with the Office of the Secretary of State of Delaware on
October 17, 2001 (the "Certificate").

* CONFIDENTIAL TREATMENT REQUESTED

<PAGE>
         F.   WTI and WTC seek to add a quality "manager of managers" product
that can be offered through their existing distribution and client networks.

         G.   WTI and WTC believe they can further their goals by entering into
this Agreement and the other agreements referred to herein.

         H.   Subject to the terms and conditions hereof, the parties desire to
effect the Merger (as defined below) of Merger Subsidiary with and into
Balentine, with Balentine surviving the Merger.

         I.   Immediately following the Merger, WTC will contribute all of the
outstanding shares of capital stock of Balentine to WTI.

         J.   The parties intend, and shall each use their respective reasonable
best efforts to assure, that, for federal income tax purposes, the Merger will
qualify as a reorganization as described in Section 368(a)(2)(E) of the Code (as
hereinafter defined) and that each of WTC, Merger Subsidiary and Balentine will
be a "party" to that reorganization within the meaning of Section 368(b) of the
Code.

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

                                    ARTICLE 1

                                   DEFINITIONS

         Capitalized terms used in this Agreement and not otherwise defined
herein shall have the meanings set forth below.

         a.   "Accelerated Run Rate" has the meaning assigned to such term in
Section 3.1(c).

         b.   "Accelerated Valuation" has the meaning assigned to such term in
Section 3.1(c).

         c.   "Advisers Act" means the Investment Advisers Act of 1940, as
amended from time to time.

         d.   "Affiliate" of a Person means a Person that directly or
indirectly, through one or more intermediaries, controls, is controlled by or is
under common control with the first Person. As used in this definition, the term
"control" (including the terms "controlled by" and "under common control with")
means the possession, directly or indirectly, of the power to (1) vote 25% or
more of the outstanding voting securities of a Person or (2) otherwise direct
the management policies of a Person by contract or otherwise.

         e.   "Average Closing Price" means the average closing sale prices of
the Common Stock, as quoted on the New York Stock Exchange, for the 10 trading
day period preceding (i) the Closing in the case of Section 3.1(a)(1), (ii)
March 31 of the year specified in Section 3.1(a)(2), (3),

                                      -2-
<PAGE>
(4) or (5), as the case may be, or (iii) the closing of the Change of Control
in the case of Section 3.1(c).

         f.   "Bankruptcy Code" means the U.S. Bankruptcy Code, as amended from
time to time, and any successor to that code.

         g.   "Base Run Rate" mean[*].

         h.   "Base Valuation" means the Base Run Rate multiplied by [*] or [*].

         i.   "BCT Agreement" is the agreement between WTC and the non-Balentine
members of BCT ("Non-Balentine Members") with respect to their right to put
their limited liability company interests in BCT to WTC in the form of Exhibit
1(i) hereto.

         j.   "Berkshire" has the meaning assigned to such term in Section 4.22.

         k.   "Business Day" means a day Wilmington Trust Company is open for
business.

         l.   "Change of Control" means (1) the acquisition by any Person or
group of Persons of beneficial ownership (as that term is defined in Rule 13d-3
promulgated under the Exchange Act), directly or indirectly, of 25% or more of
the outstanding capital stock of WTI or its parent, WTC, entitled to vote for
the election of directors ("WTC Voting Shares"); (2) the acquisition by any
Person or any group of Persons (other than WTC, WTI or any of their Affiliates)
of 50% or more of the Membership Points in the LLC owned by WTC, WTI or any of
their Affiliates immediately prior to such acquisition; (3) the merger or
consolidation of WTI or WTC with one or more other Persons as a result of which
the holders of the outstanding WTC Voting Shares of WTI or WTC, as the case may
be, immediately before the merger or consolidation hold less than 50% of the WTC
Voting Shares of the surviving or resulting Person; (4) the merger or
consolidation of the LLC with one or more other Persons (other than WTI, WTC or
one of more of their Affiliates) as a result of which the holders of the
outstanding Membership Points immediately before the merger or consolidation
hold less than 50% of the total outstanding Membership Points (or equivalent) of
the surviving or resulting Person; (5) the transfer of all or substantially all
of WTI's, WTC's or the LLC's assets, other than to an Affiliate of WTI or WTC;
or (6) a proxy contest for the election of directors of WTC that results in
Persons constituting the Board of Directors of WTC immediately before the
initiation of that proxy contest ceasing to be a majority of the Board of
Directors of WTC upon the conclusion of that proxy contest; provided that
neither (x) any transfer of the capital stock or assets of WTI or WTC to, or the
merger or consolidation of WTI or WTC with or into, (A) an entity that both
prior to and also after that transfer, merger or consolidation had been and will
be consolidated with WTI or WTC for federal income tax purposes or (B) any
newly-formed, wholly owned subsidiary of WTI or WTC that will be consolidated
with WTI or WTC for federal income tax purposes, nor (y) a transfer of LLC
Interests by one or more Principals to one or more Permitted Transferees (as
defined in the LLC Agreement) shall be deemed to be a Change of Control for
purposes hereof. For the avoidance of doubt, the acquisition of 50% of the
voting equity of any Affiliate of WTC (other than by WTC, WTI or any of their
Affiliates) that has any direct or indirect ownership of the LLC shall be deemed
to be an indirect acquisition of the Membership Points (or equivalent) of the
LLC.

* CONFIDENTIAL TREATMENT REQUESTED

                                      -3-
<PAGE>
         m.   "Closing" and "Closing Date" have the meanings assigned to such
terms in Section 2.3.

         n.   "Code" means the Internal Revenue Code of 1986, as amended from
time to time, or any corresponding federal tax statute enacted hereafter. A
reference to a specific section of the Code refers to that section as well as
any corresponding provision of any federal tax statute enacted hereafter, as
that section is in effect on the date of application of the provisions hereof
containing that reference.

         o.   "Common Stock" means WTC's common stock, par value $1 per share.

         p.   "Consent" has the meaning assigned to such term in Section 9.3(a).

         q.   "Contract Value" has the meaning assigned to such term in Section
9.3(b).

         r.   "Effective Time" means the time at which the Merger (as defined in
Section 2.1) becomes effective in accordance with Section 2.2.

         s.   "Employee Plan" or "Plan" has the meaning assigned to such term in
Section 4.21(d).

         t.   "Employment Agreements" means the employment agreements between
the LLC and each Principal (other than The 1999 Balentine Family Trust and The
Robert M. Balentine Insurance Trust) substantially in the form of Exhibit 1(t)
attached hereto.

         u.   "ERISA" has the meaning assigned to such term in Section 4.21(b).

         v.   "Environmental Laws" has the meaning assigned to such term in
Section 4.16(b).

         w.   "Estimated Shares" has the meaning assigned to such term in
Section 7.1(b).

         x.   "Exchange Act" means the Securities Exchange Act of 1934, as
amended from time to time.

         y.   "Existing Debt" means the existing indebtedness of the Principals
to Colonial Bank in the current principal amount of $[*] with the final
scheduled installment due April 2008. Such debt was incurred to obtain funds,
which were contributed to Balentine for its use to pay for leasehold
improvements.

         z.   "Existing Fund" means each of Balentine U.S. Small Cap Equity
Fund, L.P., Balentine U.S. Small Cap Equity Fund Select, L.P., Balentine U.S.
Mid Cap Equity Fund, L.P., Balentine U.S. Mid Cap Equity Fund Select, L.P.,
Balentine U.S. Large Cap Equity Fund, L.P., Balentine U.S. Large Cap Equity
Fund Select, L.P., Balentine International Equity Fund, L.P., Balentine
International Equity Fund Select, L.P., Balentine Hedge Fund, L.P., Balentine
Hedge Fund Select, L.P. and Griffin Arbitrage, L.P.; and "Existing Funds" means
all of such funds collectively.

* CONFIDENTIAL TREATMENT REQUESTED

                                      -4-
<PAGE>
         aa.  "Final Closing Balance Sheet" has the meaning assigned to such
term in Section 2.6.

         bb.  "Financial Statements" has the meaning assigned to such term in
Section 4.12(a).

         cc.  "GAAP" means United States generally accepted accounting
principles consistently applied with prior periods.

         dd.  "Governmental Authority" means any United States or foreign
government, any state or other political subdivision thereof, any entity
exercising executive, legislative, judicial, regulatory or administrative
functions of or pertaining to government, including, without limitation, the SEC
or any other government authority, agency, department, board, commission or
instrumentality of the United States or any foreign government or any state or
other political subdivision thereof or any state insurance or banking authority,
the Board of Governors of the Federal Reserve System, a Federal Reserve Bank,
the Federal Deposit Insurance Corporation, the NASD, the NYSE, and any other
similar self-regulatory organization, and any court or tribunal of competent
jurisdiction.

         ee.  "Immediate Family" means, with respect to any natural person, that
person's spouse, parents, grandparents, children, grandchildren and siblings.

         ff.  "HSR Act" means the Hart-Scott-Rodino Antitrust Improvements Act
of 1976, as amended, and the rules and regulations thereunder.

         gg.  "Indemnified Party" means a Person entitled to be indemnified
under Article 11 hereof.

         hh.  "Indemnifying Party" means a Person obligated to indemnify another
Person under Article 11 hereof.

         ii.  "Knowledge" means that which a Person actually knows or should
know. "Knowledge of Balentine" shall be the Knowledge of the individual
Principals only.

         jj.  "Leased Real Property" has the meaning assigned to such term in
Section 4.16.

         kk.  "Licenses" means licenses, franchises, permits and regulatory
approvals.

         ll.  "Lien" means a charge, mortgage, pledge, security interest,
restriction (other than a restriction on transfer arising under federal or state
securities laws (or rules and regulations thereunder) or laws relating to the
regulation of brokers, dealers, investment advisers, investment companies,
banks, insurance companies and other regulated businesses), lien, or encumbrance
of any nature whatsoever.

         mm.  "LLC Agreement" means the Amended and Restated Limited Liability
Company Agreement of the LLC in the form of Exhibit 1(mm) attached hereto, which
agreement shall amend and restate the Original LLC Agreement and the Second LLC
Agreement in their entirety.

                                      -5-
<PAGE>
         nn.  "LLC Interest" has the meaning assigned to such term in the LLC
Agreement.

         oo.  "LLC Value" means the value of the LLC as determined under the LLC
Agreement.

         pp.  "Losses" has the meaning assigned to such term in Section 11.1.

         qq.  "Material Adverse Effect" with respect to a Person or Persons
means a material adverse effect on the business, assets, or condition
(financial or otherwise) of that Person or Persons determined on a consolidated
basis with respect to all Subsidiaries of such Person, as the case may be. A
Material Adverse Effect with respect to a Person shall include, without
limitation, any of the following: (1) impairment of the Person's ability to
conduct business in any material respect as it was conducted before the
occurrence of the Material Adverse Effect; or (2) a decrease of 10% or more of
the Person's annual net revenues or potential net revenues as a result of the
occurrence of the Material Adverse Effect. Notwithstanding any of the foregoing
provisions, a Material Adverse Effect shall not include the effect of any
event, change or occurrence arising out of or attributable to (A) economic
conditions in the United States or developed economies or national securities
markets in general, (B) regulatory and legal conditions in the United States
asset management industry generally, (C) changes in accounting principles
applicable to the Person to the extent required by law or GAAP, or (D) with
respect to Balentine as the Person, Balentine's obtaining 90% (or more than 90%
but less than 100%) of the consents from clients as required by Section 9.3
hereof; provided, however, that a Material Adverse Effect shall include an
event, change or occurrence described in clause (A), (B), (C) or (D) only if it
adversely affects such Person or Persons to a materially greater extent than
other Persons in similar financial and business circumstances.

         rr.  "Member" has the meaning ascribed thereto in the LLC Agreement.

         ss.  "Membership Points" has the meaning assigned to such term in the
LLC Agreement.

         tt.  "Merger" has the meaning assigned to such term in Section 2.1.

         uu.  "NASD" means the National Association of Securities Dealers, Inc.
and any successor thereto.

         vv.  "New Business Opportunity" has the meaning assigned to such term
in the LLC Agreement.

         ww.  "Non-Voting Shares" has the meaning assigned to such term in
Section 4.4(a).

         xx.  "NYSE" means The New York Stock Exchange, Inc. and any successor
thereto.

         yy.  "Old Certificates" has the meaning assigned to such term in
Section 3.4(a).

         zz.  "Party" means Balentine, any Principal, Merger Subsidiary, WTI or
WTC and "parties" means all Persons that qualify as a Party.

         aaa. "PBGC" has the meaning assigned to such term in Section
4.21(e).

                                      -6-
<PAGE>
         bbb. "Person" means any individual, partnership, corporation, limited
liability company, limited liability partnership, association, trust, joint
venture, unincorporated organization and any government, governmental department
or agency or political subdivision thereof.

         ccc. "Principals' Representative" and "Principals' Representative
Agreement" have the meanings assigned to such terms in Section 13.15.

         ddd. "Registration Rights Agreement" means the agreement among WTC and
each Principal in the form of Exhibit 1(ddd) hereto.

         eee. "Registration Statement" has the meaning assigned to such term in
Section 7.1(b).

         fff. "Rights" has the meaning assigned to such term in Section 4.4(a).

         ggg. "Run Rate" means the LLC's consolidated annual net earnings before
interest, taxes, depreciation and amortization, determined for each calendar
year in accordance with GAAP and the accounting principles and practices
historically used by Balentine in preparing the Financial Statements, provided
that (1) in every event only costs directly attributable to the LLC's operations
will be included in calculating the Run Rate, (2) expenses of a New Business
Opportunity (as approved pursuant to the LLC Agreement) will not be included in
calculating the Run Rate until 24 months after expenses are first incurred for
that New Business Opportunity, (3) in preparing the LLC's consolidated annual
net earnings before interest, taxes, depreciation and amortization for a
calendar year, the LLC will be deemed to own its proportionate share of BCT's
annual net earnings before interest, taxes, depreciation and amortization for
that year based on the LLC's proportionate ownership of BCT during that year
calculated as though any outstanding unexercised options or rights to purchase
securities of BCT have not been exercised, (4) the LLC's revenues shall exclude
any rent (but not expense reimbursements) received pursuant to the second
sentence of Section 7.3(c) and (5) extraordinary, non-recurring items of revenue
and expense will be excluded. The Run Rate will be calculated by reference to
the LLC's financial statements prepared in accordance with GAAP and separately
audited by an independent accounting firm selected by the Principals and
acceptable to WTI, which acceptance will not be unreasonably withheld, and such
other books and records as are sufficient to identify the items in clauses (1)
through (5). Such direct costs referred to above do not include the costs of
support services generally available from WTC but do include the cost of the
benefits described in Section 7.3(b). The costs associated with opening and
operating the trust and/or banking office described in Section 7.3(c) will not
be included in computing the Run Rate.

         hhh. "SEC" means the U.S. Securities and Exchange Commission.

         iii. "SEC Documents" has the meaning assigned to such term in Section
5.7(a).

         jjj. "Securities Act" means the Securities Act of 1933, as amended from
time to time.

         kkk. "Stockholder Notes" has the meaning assigned to such term in
Section 9.10.

         lll. "Subsidiary" or "Subsidiaries" means any corporation, partnership
or other organization, whether incorporated or unincorporated, of which more
than twenty-five percent

                                      -7-
<PAGE>
(25%) of either the equity interests in, or the voting control of, that
corporation or other organization is beneficially owned by a Person, directly
or indirectly, through Subsidiaries or otherwise, or of which a Person serves
as the general partner or managing member.

         mmm. "Surviving Entity" has the meaning assigned to such term in
Section 2.1.

         nnn. "Taxes" has the meaning assigned to such term in Section 4.19.

         ooo. "Transaction Documents" means this Agreement, the LLC Agreement,
the Employment Agreements, the Contribution Agreement, the Registration Rights
Agreement, the Original LLC Agreement, the Second LLC Agreement, the Principals'
Representative Agreement, the BCT Agreement, and all other agreements,
documents, instruments and certificates entered into in connection herewith or
therewith and any and all exhibits and schedules appertaining thereto.

         ppp. "Valuation" means, for determinations for events occurring in
calendar years 2001 and 2002, the Base Valuation and, for determinations for
events occurring in each calendar year thereafter, the LLC's Run Rate in the
last full calendar year preceding the year in which the valuation is used
multiplied by a factor determined by reference to the annual compound growth in
the Run Rate to the end of the calendar year used to compute the Run Rate
calculated from January 1, 2003 and thereafter in accordance with the following
schedule:

<TABLE>
<CAPTION>
Annual Compound Growth                              Multiple
----------------------                              --------

<S>                                                 <C>
Below [*]%                                           [*] times
[*]%                                                 [*] times
[*]%                                                 [*] times
[*]%                                                 [*] times
[*]%                                                 [*] times
Over [*]%                                            [*] times;
</TABLE>

provided, however, that the product of (1) any amount excluded pursuant to
clause (5) of Section 1(ggg) for a calendar year and (2) a fraction, the
numerator of which is the number of Membership Points held by Balentine at the
end of such year and the denominator of which is the total number of Membership
Points outstanding at the end of such year, shall be subtracted from the
Valuation for that year.

         Annual compound growth in the Run Rate between [*]% and [*]% shall be
interpolated proportionately. The initial value used for the calculation of the
compound growth rate that will determine the earn out payment multiple will be
the Base Run Rate. The initial computation of the annual compound growth rate
for 2002 shall be determined by dividing the Base Run Rate into the Run Rate for
calendar year 2002, subtracting one from the result and converting that result
into a percentage. For example, if the Base Run Rate were 2000 and the Run Rate
for 2002 were 2400, the annual compound growth for 2002 would be 20% and the
multiple for 2002 would be [*]. The annual compound growth rate for subsequent
years would be determined on a compound basis beginning with calendar year 2003.
Attached as Schedule l(ppp) are further examples of computations related to
Valuation.

* CONFIDENTIAL TREATMENT REQUESTED

                                      -8-
<PAGE>
         qqq. "Voting Shares" has the meaning assigned to such term in Section
4.4(a).

                                    ARTICLE 2

                                   THE MERGER

          Section 2.1      The Merger. At the Effective Time, Merger Subsidiary
shall merge with and into Balentine in accordance with the terms hereof (the
"Merger"), and the separate corporate existence of Merger Subsidiary shall
cease. Balentine shall be the surviving entity in the Merger (sometimes
referred to hereinafter as the "Surviving Entity") and continue to be governed
by Georgia law, and the separate corporate existence of Balentine, with all of
its rights, privileges, immunities, powers and franchises, shall continue
unaffected by the Merger. The articles of incorporation and the bylaws of
Balentine immediately before the Merger shall be the articles of incorporation
and the bylaws of the Surviving Entity

          Section 2.2      Effective Time. The Merger shall become effective
upon the later to occur of the filing, in the offices of the respective
Secretaries of State of Delaware and of Georgia, of a certificate or articles of
merger in accordance with Delaware and Georgia law, or at such later date and
time as may be set forth in those certificates.

          Section 2.3      Closing. The closing of the Merger (the "Closing")
shall take place at the offices of Alston & Bird LLP, One Atlantic Center, 1201
West Peachtree Street, Atlanta, Georgia 30309-3424, at 10:30 a.m., local time,
and be effective at the close of business on the closing date, which shall be
five Business Days after the fulfillment or waiver of each condition set forth
in Articles 9 and 10 hereof (other than the conditions that are fulfilled or
waived as a part of the Closing); provided that, if the Closing would occur on
or prior to December 31, 2001, the Closing may be delayed by Balentine to
January 2, 2002 or such other date or place as Balentine may mutually agree
upon, that date being herein referred to as the "Closing Date." The parties
shall use their reasonable best efforts to cause the conditions to Closing set
forth in Articles 9 and 10 hereof to be satisfied as soon as practicable, and
shall cause to be executed at Closing the Transaction Documents by the
respective parties to each of such documents.

          Section 2.4      Contribution. Immediately following the Merger, WTC
shall contribute all of the outstanding capital stock of Balentine to WTI.

          Section 2.5      Execution of LLC Agreement. On the Closing Date and
immediately following the contribution and distribution described in Recital C,
the LLC Agreement shall be executed and a copy of the LLC Agreement shall be
delivered to WTI, Balentine and the Principals.

          Section 2.6      Final Closing Balance Sheet. Promptly after the
Closing, WTI and WTC (in consultation with, and with such assistance as WTI and
WTC shall reasonably request of, the Balentine Entities and the Principals)
shall prepare an audited consolidated balance sheet and related notes of the
Balentine Entities as of the close of business on the Closing Date (the "Final
Closing Balance Sheet"), prepared in accordance with GAAP on a basis consistent
with the preparation of the Financial Statements under Section 4.12, except that
(a) no item shall fail to be

                                      -9-
<PAGE>
included therein or excluded therefrom on the basis of materiality,
individually or collectively and (b) at WTI's and WTC's option, the effect of
any breaches of the representations and warranties of Balentine and the
Principals made herein and discovered by WTI or WTC on or before the date of
the Final Closing Balance Sheet shall be fully reserved therein. As soon as
practicable following the Closing, the Final Closing Balance Sheet shall be
delivered by WTI and WTC to the Principals, accompanied by the report of the
auditors thereon.

                                    ARTICLE 3

                             CONSIDERATION; EXCHANGE

         Section 3.1       Merger Consideration.

                   a.      Subject to the terms and conditions hereof and as a
part of the Merger, WTC shall issue Common Stock and cash to the Principals, in
the manner contemplated by Section 3.1(e), equal to the following amounts in
proportion to their respective ownership interests in common stock of Balentine
immediately prior to Closing as set forth on Schedule 3.1(a) hereto:

                           (1)      At Closing, [*]% times the Base Valuation
                                    for 2000;
                           (2)      By March 31, 2004, [*]% times the Valuation
                                    for 2003;
                           (3)      By March 31, 2005, [*]% times the Valuation
                                    for 2004;
                           (4)      By March 31, 2006, (A) [*]% times the
                                    Valuation for 2005 (provided that, and to be
                                    paid only if, the Run Rate for 2005 is at
                                    least equal to the Base Run Rate), plus (B)
                                    [*]% of an amount determined by multiplying
                                    (a) the Run Rate multiple used for this
                                    payment minus ten and (b) the Base Run Rate;
                                    and
                           (5)      By March 31, 2007, [*]% of the Base
                                    Valuation.

                   b.      In addition:

                          (1)       At Closing and as a further part of the
                   Merger, WTC shall pay to Colonial Bank on behalf of and for
                   the benefit of the Principals 80% of the principal amount of
                   the Existing Debt, in proportion to their respective
                   ownership of common stock of Balentine immediately prior to
                   Closing as set forth on Schedule 3.1(a) hereto; and

                          (2)       Notwithstanding Section 3.1(a) above, the
                   total amount issued, in the manner contemplated by Section
                   3.1(e), to each of the Principals pursuant to Section
                   3.1(a)(2) through (5) shall be reduced (A) by the amounts and
                   in the manner set forth in Schedule 3.1(b)(2) attached
                   hereto, and (B) by any amounts that are due and unpaid from
                   such Principal pursuant to the terms of a Stockholder Note.

                   c.      In the event of a Change of Control of WTC or the
LLC, and provided that some or all of the Principals so elect (which election
may be made prior to the effective date of the

* CONFIDENTIAL TREATMENT REQUESTED

                                      -10-
<PAGE>
Change of Control), any amounts due and unissued, in the manner contemplated by
Section 3.1(e), under Sections 3.1(a)(2), 3.1(a)(3), and 3.1(a)(4)(A) and (B)
shall be calculated on the basis of the greater of (i) the Valuation (the
"Accelerated Valuation") based on the Run Rate for the full calendar year
preceding such Change of Control (the "Accelerated Run Rate") or (ii) the Base
Valuation, and such amounts, along with any amount under Section 3.1(a)(5),
shall be issued in Common Stock and cash, in the manner contemplated by Section
3.1(e), to the Principals within a period of the later of (A) 30 days following
the receipt of such Principals' election or (B) the closing of the transactions
giving rise to the Change of Control in the proportions set forth in Schedule
3.1(a) hereto. For example, if a Change of Control of WTC shall occur prior to
the issue of Common Stock due under Section 3.1(a)(2), some or all Principals
shall, if they so elect, receive in the aggregate an amount equal to the sum of:
(1) [*]% times the Accelerated Valuation; (2) [*]% times the Accelerated
Valuation; (3) [*]% times the Accelerated Valuation (the amount in this clause
(3) to be paid only if the Accelerated Run Rate is at least equal to the Base
Run Rate); (4) the amount due under Section 3.1(a)(4)(B), if the Accelerated Run
Rate multiple exceeds [*]; and (5) the amount due under Section 3.1(a)(5).

         If some, but not all, of the Principals make the election contemplated
by this Section 3.1(c) and Section 3.1(f) does not apply, then (1) the amounts
payable to the Principals who have made such election shall be determined by
multiplying (A) the sum of the amount determined in accordance with the
preceding paragraph and Section 3.1(d) by (B) a percentage equal to the sum of
their respective ownership percentages of Balentine immediately prior to Closing
as set forth in Schedule 3.1(a) hereto, and shall be distributed among them in
accordance with such respective ownership percentages, and (2) the amounts
payable to the Principals who have not made such election shall remain payable
at the times they would otherwise be payable and shall be determined by
multiplying the amount they would otherwise have received under Section 3.1 by a
percentage equal to the sum of their respective ownership percentages of
Balentine immediately prior to Closing as set forth on Schedule 3.1(a) hereto,
and shall be allocated among them in accordance with such respective ownership
percentages.

                  d.       Notwithstanding Section 3.1(c) above, the amount to
be issued in Common Stock and cash, in the manner contemplated by Section
3.1(e), pursuant to Section 3.1(c) to each of the Principals shall be reduced by
(1) the present value of 80% of the interest payments on the Existing Debt in
the manner described in Schedule 3.1(b)(2) to the extent such amounts have not
already been deducted pursuant to Section 3.1(b)(2) of this Agreement, and (2)
by any amounts that are due from such Principal pursuant to the terms of a
Stockholder Note that are then unpaid. The present value of the remaining
payments will be computed using the interest rate on the Existing Debt.

                  e.       100% (or as close to such amount as is possible and
still issue to each Person in whole shares of Common Stock) of each amount
contemplated by Sections 3.1(a) and (c) (as adjusted by Section 3.1(d)) shall be
made in Common Stock based on the Average Closing Price, and the balance shall
be made in cash. The payment contemplated by Section 3.1(b)(1) shall be paid in
cash.

                  f.       To the extent that any Principals and/or their
Permitted Transferees have exercised their right to purchase LLC Interests
pursuant to Section 7.5(b) of the LLC Agreement,

* CONFIDENTIAL TREATMENT REQUESTED

                                      -11-
<PAGE>
(1) such Principals shall not be entitled to receive any future payments under
this Section 3.1, and (2) the amounts otherwise payable to the other Principals
under this Section 3.1 shall be determined as though they had elected to
receive the accelerated payments pursuant to Section 3.1(c), reduced by the
amount in Section 3.1(d), and shall be multiplied by a percentage equal to the
sum of their respective ownership percentages of Balentine immediately prior to
Closing as set forth in Schedule 3.1(a) hereto, and shall be allocated among
them in accordance with such relative ownership percentages. If this Section
3.1(f) applies, then none of the Principals shall have any rights to receive
Common Stock and cash under Section 3.1, if any, other than through this
Section 3.1(f).

                  g.       Notwithstanding anything to the contrary in this
Section 3.1, to the extent that some or all of the Principals and/or their
Permitted Transferees have exercised their right to put some or all their LLC
Interests to Balentine under Section 7.5(a) of the LLC Agreement, (1) the
amounts otherwise payable to those Principals under this Section 3.1 shall be
determined as though they had elected to receive the accelerated payments
pursuant to Section 3.1(c), reduced by the amount in Section 3.1(d) and shall
be multiplied by a percentage equal to the sum of their respective ownership
percentages of Balentine immediately prior to Closing as set forth in Schedule
3.1(a) hereto, and shall be distributed among them in accordance with such
relative ownership percentages, and (2) unless Section 3.1(f) applies, the
amounts otherwise payable under this Section 3.1 to those Principals who have
not exercised their right to put their LLC Interests to Balentine under Section
7.5(a) of the LLC Agreement shall remain payable at the times they would
otherwise be payable and shall be equal to the amount they would have otherwise
received under this Section 3.1 multiplied by the sum of their respective
ownership percentages of Balentine immediately prior to Closing as set forth in
Schedule 3.1(a) hereto, and shall be allocated among them in accordance with
such relative ownership percentages.

          Section 3.2      Rights as Stockholders; Stock Transfers. At the
Effective Time, holders of Balentine's stock shall cease to be, and shall have
no rights as, stockholders of Balentine, other than the right to receive the
consideration provided for in this Article 3, and WTC will own all of
Balentine's outstanding shares of capital stock. After the Effective Time, there
shall be no transfers on the stock transfer books of Balentine of shares of
Balentine's capital stock.

          Section 3.3      Fractional Shares. Notwithstanding any other
provision hereof, no fractional shares of Common Stock and no certificates or
scrip therefor, or other evidence of ownership thereof, will be issued in the
Merger. Instead, WTC shall pay each Principal who otherwise would be entitled to
a fractional share an amount in cash, without interest, determined by
multiplying that fraction by the Average Closing Price.

          Section 3.4      Exchange Procedure.

                  a.       At Closing, each Principal shall tender all
certificates representing shares of Balentine stock he or it owns (the "Old
Certificates") marked "cancelled" or provide such Principal's affidavit as to
the status of the Old Certificates and such Principal's personal indemnity to
WTC if any of those Old Certificates are lost, stolen or destroyed relative to
any damages as a result of such lost, stolen or destroyed Old Certificates.

                                      -12-
<PAGE>
                  b.       At Closing, WTC shall issue and deliver to the
Principals certificates of Common Stock in the amounts required by Section
3.1(a)(1) and 3.1(e) in exchange for the Old Certificates and/or the affidavit
and indemnity for missing Old Certificates.

                  c.       Subsequent to Closing and without further action by
the Principals, WTC shall issue and deliver to the Principals the shares of
Common Stock in the amounts and at the times indicated in Section 3.1 hereof. It
is contemplated that the procedure will be completed before March 31 of each
year in which an issue of Common Stock is required hereunder and, except as
contemplated in Section 3.1(c), the issue and distribution of Common Stock will
occur on March 31.

                  d.       No dividend or other distribution on Common Stock
with a record date occurring after the date of this Agreement shall be paid to
any Principal until he is entitled to receive new certificates in accordance
with this Article 3, and no such shares shall be eligible to be voted at any
meeting of holders of Common Stock until the Principal is entitled to receive
those new certificates in accordance with this Article 3.

          Section 3.5      Adjustments. The shares of Common Stock to be issued
to the Principals hereunder shall be adjusted appropriately to reflect any stock
split, stock dividend, combination, merger, recapitalization, exchange of shares
or similar transaction with a record date prior to the Effective Date or any
other date an issue of Common Stock is due hereunder.

                                    ARTICLE 4

               REPRESENTATIONS AND WARRANTIES OF BALENTINE AND THE
                  PRINCIPALS TO MERGER SUBSIDIARY, WTI AND WTC

         Balentine and each Principal, jointly and severally, make each of the
following representations, warranties and agreements to Merger Subsidiary, WTI
and WTC:

          Section 4.1      Organization. Each Balentine Entity and the LLC is
duly organized, validly existing and in good standing under Georgia law in the
case of Balentine, BC and GP; Tennessee law in the case of BCT; and Delaware law
in the case of the LLC; and each is duly qualified to do business in each
jurisdiction in which the nature of its business or the ownership or leasing of
its properties requires that qualification. Balentine has had in effect a valid
and effective election under Section 1362(a)(2) of the Code to be an S
corporation for each taxable year since its incorporation. Neither Balentine nor
the Principals have taken or will take any action prior to the Effective Time to
terminate Balentine's S corporation election. For each taxable year that
Balentine has had a nonresident shareholder (as defined in O.C.G.A. [sec]
48-7-100(6.2)), Balentine has filed with its Georgia corporate tax return an
executed consent agreement required by O.C.G.A. [sec] 48-7-27(d)(2).

          Section 4.2      Authority. Each of Balentine and BC has all requisite
corporate power and authority and each of GP, BCT and the LLC has all requisite
power and authority to (a) own its assets and conduct its business as presently
carried on and as contemplated by Balentine to be carried on after Closing and
(b) execute, deliver and perform this Agreement and each other

                                      -13-
<PAGE>
Transaction Document to which any such Person is a party. This Agreement and
each other Transaction Document to be executed, delivered and performed by any
of the Balentine Entities, the LLC and the Principals in connection with the
transactions contemplated hereby or thereby with respect to that Person has
been duly and validly approved by all necessary action of that Person. This
Agreement and each other Transaction Document to which any of the Balentine
Entities, the LLC or any of the Principals is a party represents or, when
executed, will represent, the valid and legally binding obligation of that
Person, enforceable against it or him in accordance with its terms, except as
may be limited by (x) bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance, fraudulent transfer or similar laws now or hereafter
relating to creditors' rights generally or (y) general principles of equity,
whether asserted in a proceeding in equity or at law.

          Section 4.3      Governmental Filings; Non-Contravention. Other than
the filings and/or notices set forth in Schedule 4.3 (including those (i) under
the HSR Act (if WTC notifies Balentine that a filing under such act is
required), the Exchange Act and the Securities Act, (ii) required to be made
with the NASD, and (iii) required to be made pursuant to state securities laws
and regulations), no notices, reports, applications or other filings are
required to be made by any of the Balentine Entities, the LLC or the Principals
with, nor are any consents, registrations, approvals, permits or authorizations
required to be obtained by any of them from, any Governmental Authority in
connection with the execution and delivery of this Agreement and the other
Transaction Documents, and the consummation by each such Person of the Merger
and the other transactions contemplated hereby and thereby. Subject to the
making or obtaining of all filings, notices, applications, consents,
registrations, approvals, permits or authorizations with or of any relevant
Government Authority with respect to the Merger, the Transaction Documents and
the other transactions contemplated hereby and thereby as set forth on Schedule
4.3, the execution, delivery and performance of this Agreement and each other
Transaction Document to be executed, delivered and performed by any of the
Balentine Entities, the LLC or any of the Principals in connection with the
transactions contemplated hereby and thereby does not and will not: (a) violate
any provision of the articles of incorporation or bylaws of Balentine or BC or
the limited liability company certificate or limited liability company
agreement of GP or BCT; (b) violate, conflict with or result in a default under
any material contract or material obligation to which any of the Balentine
Entities or any Principal is a party or by which any of that Person's assets
are bound; (c) violate or result in a violation of, or constitute a default, in
any material respect, under any law, regulation or rule, or any order of or
restriction imposed by any court or other Governmental Authority on, any of the
Balentine Entities, the LLC and/or any Principal or any of that Person's
properties; (d) require any of the Balentine Entities, the LLC and/or any
Principal to obtain any approval, consent or waiver of, or make any filing
with, any person or entity that has not been obtained or made, except as
contemplated or excused by Sections 8.1, 9.3 and 9.4, which approvals,
consents, waivers or filings, as applicable, will have been received prior to
Closing or at any earlier time required hereunder or under applicable laws,
rules and regulations; or (e) result in creation or imposition of any Lien on
any of the assets of any of the Balentine Entities or the LLC.

          Section 4.4      Capitalization.

                  a.       The authorized capital stock of Balentine consists of
100,000 shares of voting common stock, no par value per share (the "Voting
Shares"), and 1,000,000 shares of non-voting common stock, no par value per
share (the "Non-Voting Shares"). As at the date hereof, 10,437 Voting Shares are
outstanding, 93,932 Non-Voting Shares are outstanding and all such

                                      -14-
<PAGE>
outstanding shares were and are validly issued, fully paid and nonassessable.
Schedule 4.4(a) lists by name, address and number of shares each holder of
Voting Shares and Non-Voting Shares. Except as set forth in Schedule 4.4(a)(1)
attached hereto, there are no (1) outstanding shares of capital stock or other
securities of Balentine, (2) outstanding options, warrants, puts, calls,
commitments, agreements, contracts or preemptive or other rights (such items
being referred to hereafter as "Rights") to purchase, issue or otherwise
acquire any capital stock or other securities of Balentine or (3) obligations
or securities convertible into or exchangeable for capital stock or other
securities of Balentine. None of such Voting Shares and/or Non-Voting Shares
are subject to any Lien.

                  b.       After giving effect to the Merger, the LLC Agreement
and the contribution contemplated in Section 2.4, the Members and their
respective capital account balances and Membership Points in the LLC shall be as
set forth in Schedule 4.4(b) hereto. Except as set forth in the Transaction
Documents, there are no existing rights, agreements or commitments obligating or
that might obligate the LLC or any of its members to issue, transfer, sell or
redeem any securities.

          Section 4.5      Subsidiaries and Other Relationships. Except as set
forth in Schedule 4.5, none of any of the Balentine Entities or the LLC: (a)
owns, directly or indirectly, any capital stock of or other equity or
proprietary interest in any Subsidiary or any other corporation, any such
interest in any association, trust, partnership, limited liability company,
joint venture or similar entity or in any other entity or enterprise; (b) is an
Affiliate of any other entity that is not a Principal; or (c) is a party to any
joint venture, profit-sharing or similar agreement regarding the profitability
or financial results of any of the Balentine Entities, the LLC or any Principal
or the division of revenues or profits of any Balentine Entity, the LLC or any
Principal. Except as set forth in Schedule 4.5 or Schedule 4.7, none of any of
the Balentine Entities or the LLC has any off-balance-sheet financial
obligation, guaranty or promissory note to any Person in an amount in excess of
$100,000. Except as set forth in Schedule 4.4(a) or Schedule 4.5, there are no
(1) outstanding shares of capital stock or other securities of any of the
Balentine Entities, (2) outstanding options, warrants, puts, calls, commitments,
agreements, contracts or preemptive or other rights to purchase, issue or
otherwise acquire any capital stock or other securities of any of the Balentine
Entities or (3) obligations or securities convertible into or exchangeable for
capital stock or other securities of any of the Balentine Entities.

          Section 4.6      Business. Since their inception, each of the
Balentine Entities and the LLC has been engaged solely in the business of
providing investment management, investment advisory services, and/or
broker-dealer services. Each of the Balentine Entities, the LLC and the Existing
Funds is in material compliance with all federal and state laws, including those
requiring registration, licensing or qualification as an investment adviser or a
broker-dealer, as applicable. Each of the Balentine Entities, the LLC and the
Existing Funds has delivered to WTI true and complete copies of its
organizational (and, in the case of the Existing Funds, offering) documents, as
amended to date. Each of the Balentine Entities, the LLC and the Existing Funds
has all Licenses necessary to own its properties and conduct its business as it
is presently conducted.

          Section 4.7      Assets. None of the assets contributed by Balentine
to the LLC is subject to any Lien in favor of any Person, except as listed in
Schedule 4.7. None of the Balentine Entities is obligated to perform any
obligation or pay any amount in connection with the Existing Debt, and

                                      -15-
<PAGE>
the holder of the Existing Debt does not have a Lien on any of the assets or
properties of any Balentine Entity, except as listed in Schedule 4.7. None of
the Balentine Entities or the LLC owns any real property; and no personal
property owned by any of the Balentine Entities or the LLC is or, to the
Knowledge of Balentine, will be subject to any Lien except for minor
imperfections of title or insignificant Liens that do not, in the aggregate,
materially detract from the value of the Balentine Entities and the lien
associated with the Existing Debt. Schedule 4.7 hereto lists:

                  a.       All real property leased by any of the Balentine
Entities or the LLC, together with the location of that property, monthly lease
payments and lease termination dates;

                  b.       All personal property leases in which any of the
Balentine Entities or the LLC is obligated to make annual lease payments to any
Person in excess of $10,000; and

                  c.       All personal property owned by any of the Balentine
Entities or the LLC, together with the book value thereof that is reflected on
the books of the Balentine Entities or the LLC (with any personal property owned
by a Principal indicated on Schedule 4.7).

                  All leases for real or personal property are valid and
effective in accordance with their terms, and there is no existing breach or
event under any lease which, which with the giving of notice, the lapse of time
or both would become a breach, on the part of the Balentine Entities or the LLC
or, to the Knowledge of Balentine, on the part of any other party thereto.

          Section 4.8      Managed Assets. The aggregate assets under management
by each of the Balentine Entities, the assets of entities for which any of the
Balentine Entities serves as general partner or managing member and the
aggregate amount of assets of entities from which any of the Balentine Entities
earns any fees as of September 30, 2001 (or as of the most recent practicable
date with respect to the aggregate amount of assets under management) are
accurately set forth in Schedule 4.8 hereto. In addition, Schedule 4.8 lists, as
of September 30, 2001 (or as of the most recent practicable date with respect to
the aggregate amount of assets under management), all investment management,
advisory or sub-advisory contracts, if any, setting forth the name of the client
under contract, the aggregate amount of assets under management with respect to
that contract and the fee schedule with respect to that contract.

          Section 4.9      Receivables. All accounts receivable set forth on the
books and records of each of the Balentine Entities are (a) accurately reflected
in the books and records of that Person, (b) valid receivables owned by that
Person, free and clear of any Lien, and (c) to the Knowledge of Balentine, not
subject to setoffs or counterclaims.

          Section 4.10     Contracts. All contracts to which any of the
Balentine Entities or the LLC is a party or by which any of them is bound are
enforceable against that Person and, to the Knowledge of Balentine, the other
parties thereto in accordance with their respective terms. There is not under
any such contract an existing material breach or event that, with the giving of
notice or the lapse of time or both, would become a material breach or event, on
the part of the Balentine Entities or the LLC, or, to the Knowledge of
Balentine, on the part of any other party thereto. Schedule 4.10 lists all
material contracts to which any of the Balentine Entities or the LLC is a party
or by which any of them is bound together with a list of any material contract
to which any of the Balentine Entities or

                                      -16-
<PAGE>
the LLC is a party or by which any of them is bound where the consent or
approval of the other party(ies) to that contract is required for the
consummation of the transactions contemplated hereby.

          Section 4.11     Employment Arrangements. Except as set forth in
Schedule 4.11 hereto, none of the Balentine Entities or the LLC has any
obligation, contingent or otherwise, under (a) any written or oral employment,
collective bargaining or other labor agreement, (b) any written or oral
agreement containing severance or termination pay arrangements, (c) any written
or oral deferred compensation agreement, retainer or consulting arrangement, (d)
any pension or retirement plan, bonus or profit-sharing plan or stock option or
stock purchase plan (except any Employee Plan described in Section 4.21(a)
hereto) or (e) any other written or oral employee contract or non-terminable
employment arrangement (each, an "Employment Arrangement"). None of the
Balentine Entities or the LLC is in default with respect to any term or
condition of any Employment Arrangement.

          Section 4.12     Financial Statements.

                  a.       Balentine has delivered to WTI the audited
consolidated and consolidating balance sheets, income statements and statements
of cash flows of Balentine as of December 31, 2000 and the unaudited
consolidated and consolidating balance sheets and income statements as of
September 30, 2001 (collectively, the "Financial Statements"), as set forth in
Schedule 4.12(a) hereto.

                  b.       The Financial Statements, subject to the
qualifications and exceptions noted thereon or in the notes thereto, (i) are
accurate and complete in accordance with the books of account and records of
each such Person; (ii) have been prepared in accordance with GAAP throughout the
indicated periods, except that the interim financial statements contain no notes
or year-end adjustments; and (iii) fairly present in all material respects the
financial condition, assets and liabilities, and results of operation of each
such Person and its results of operations, respectively, as of the dates thereof
or for the periods then ended.

                  c.       None of the Balentine Entities or the LLC has any
debt, obligation or liability, absolute, fixed, contingent or otherwise, of any
nature whatsoever, whether due or to become due, including any unasserted claim,
whether incurred directly or by any predecessor thereto, and whether arising out
of any act, omission, transaction, circumstance, sale of goods or services,
state of facts or other condition, except: (1) those reflected or reserved
against on the Financial Statements in the amounts shown therein; (2) those not
required under GAAP to be reflected or reserved against in the Financial
Statements that are expressly quantified and set forth in the Transaction
Documents; (3) those incurred in the ordinary course of business since the date
of the Financial Statements, and (4) those disclosed on Schedule 4.12(c).

          Section 4.13     Material Adverse Change. Since September 30, 2001, no
event or condition, individually or in the aggregate, has had a Material Adverse
Effect on the Balentine Entities and the LLC, taken as a whole, and, to the
Knowledge of Balentine, there is no impending event or condition that would have
a Material Adverse Effect on the Balentine Entities and the LLC, taken as a
whole.

                                      -17-
<PAGE>
          Section 4.14     Ordinary Course of Business. Since the date of the
Financial Statements, each of the Balentine Entities has operated its business
in the normal, usual and customary manner in the ordinary and regular course of
business, consistent in all material respects with prior practice.

          Section 4.15     Litigation and Compliance with Laws.

                  a.       There are no order, writs, injunctions, decrees or
unsatisfied judgments, and no actions, suits, claims or proceedings or
investigations pending or, to the Knowledge of Balentine, threatened against any
of the Balentine Entities, the LLC or any Principal for any of their past or
current business activities.

                  b.       (1)  Each of the Balentine Entities, the LLC and the
Principals are currently and, during the past five years (or, with respect to
any of the Balentine Entities and the LLC, such shorter time, if any, that it
has been in existence), have been, operating in compliance in all material
respects with all laws, rules, regulations and orders applicable to that
Person's business, including all federal and state securities laws, and

                                (A)  None of the Balentine Entities, the LLC or
any Principal nor, to the Knowledge of Balentine, any Person "associated" (as
that term is defined under the Advisers Act) with any of the Balentine Entities,
the LLC or any Principal has, within five years prior to the date hereof, been
convicted of any crime or is or has been subject to any disqualification in
each case that would be the basis for denial, suspension or revocation of
registration of an investment adviser under Section 203(e) or 206(4) of the
Advisers Act or Rule 206(4)-4(b) thereunder or for disqualification as an
investment adviser for any investment company pursuant to Section 9 of the
Investment Company Act of 1940, as amended; and

                                (B)  None of any of the Balentine Entities, the
LLC or any Principal, nor to the Knowledge of Balentine, any Affiliate of the
Balentine Entities, the LLC or any Principal, is subject to a "statutory
disqualification" as defined in Section 3(a)(39) of the Exchange Act or is
subject to a disqualification that would be a basis for censure, limitations on
the activities, functions or operations of, or suspension or revocation of the
registration of BC as a broker-dealer, municipal securities dealer, government
securities broker or government securities dealer under Section 15, Section 15B
or Section 15C of the Exchange Act, and, to the Knowledge of Balentine, there is
no reasonable basis for, or proceeding or investigation, whether formal or
informal or whether preliminary or otherwise, that is reasonably likely to
result in, any such censure, limitations, suspension or revocation

                           (2)  Without limiting the generality of the
foregoing:

                                (A)  The Form ADV and/or Form BD of each
Balentine Entity when filed with the SEC and on each date any amendment to such
form was filed (and, with respect to Part II of Form ADV, on each date when
distributed by such Balentine Entity) complied in all material respects with the
rules and regulations of the SEC and did not contain an untrue statement of
material fact or omit to state a material fact required to be stated therein or
necessary in order to make the statements therein, in light of the circumstances
in which they were made, not misleading; and

                                      -18-
<PAGE>
                                (B)  The offering documents for the Existing
Funds when distributed or used did not contain an untrue statement of material
fact or omit to state a material fact required to be stated therein or necessary
in order to make the statements therein, in light of the circumstances in which
they were made, not misleading and no oral or written representation, warranty
or statement made by any of the Balentine Entities, the LLC or any Principal in
connection with the offer or sale of an interest in an Existing Fund contradicts
such offering documents.

                  c.       None of the Balentine Entities, the LLC or any
Principal is in default with respect to any judgment, order, writ, injunction,
decree, demand or assessment issued by any court or any federal, state,
municipal or other governmental agency, board, commission, bureau,
instrumentality or department, domestic or foreign, relating to any aspect of
the business, affairs, properties or assets of that Person, provided that the
foregoing representation and warranty does not apply to misdemeanors or traffic
violations and with respect to each Principal is made only by that Principal.

                  d.       None of any of the Balentine Entities, the LLC or any
Principal is charged or, to the Knowledge of Balentine, threatened with or under
investigation with respect to any violation of any federal, state, municipal or
other law or any administrative rule or regulation, domestic or foreign,
applicable to the business, affairs, properties or assets of that Person;
provided, however, that the foregoing representation and warranty does not apply
to misdemeanors or traffic violations and, with respect to each Principal, is
made only by that Principal.

                  e.       Each participant in Griffin Arbitrage, L.P.,
Balentine Hedge Fund, L.P. and Balentine Hedge Fund Select, L.P. is a "qualified
client" within the meaning of Rule 205-3 under the Advisers Act, and no
participant in any other Existing Fund pays a performance fee within the meaning
of such Rule 205-3.

          Section 4.16     Environmental Matters.

                  a.       Each of the Balentine Entities and the LLC has
operated its business in the properties identified in Schedule 4.7 ("Leased Real
Property") in material compliance with all applicable federal, state and local
laws relating to public health and safety, employee health and safety and
protection of the environment (collectively, "Environmental Laws").

                  b.       None of Balentine Entities or the LLC is subject to
any liability, penalty or expense (including legal fees) by virtue of:

                           (1)  Any violation of any Environmental Law;

                           (2)  Any activity conducted on or with respect to any
                   property owned or leased by that Person;

                           (3)  Any environmental condition existing on or with
                   respect to any property owned or leased by that Person, in
                   each case whether or not that Person permitted or
                   participated in that act or omission;

                                      -19-
<PAGE>
                           (4)  Any off-site transportation, storage, treatment
                   or disposal of any hazardous substance or waste; and

                           (5) The presence of polychlorinated biphenyls,
                   asbestos-containing material, urea formaldehyde insulation or
                   storage tanks at any Leased Real Property.

                  c.       To the Knowledge of Balentine, none of the Leased
Real Property is listed or proposed for listing on the National Priorities List
Pursuant to the Comprehensive Environmental Response Compensation and Liability
Act of 1980, as amended, or any state or local list of sites requiring
investigation or cleanup.

                  d.       Each of the Balentine Entities and the LLC has
furnished WTI copies of all environmental reports, studies or audits in its
possession conducted on its behalf relating to the Leased Real Property.

          Section 4.17     Broker Dealer. Except for BC, none of any of the
Balentine Entities, the LLC and the Principals is a "broker" or "dealer" that is
registered or required to be registered with the SEC pursuant to the Exchange
Act, with the NASD pursuant to the NASD's Membership and Registration Rules, or
with any state pursuant to any applicable state securities law.

          Section 4.18     Insurance Policies. Each of the Balentine Entities
and the LLC has in full force and effect insurance which management has
reasonably determined to be prudent with respect to its business, properties and
assets (including, without limitation, errors and omissions liability
insurance) as listed in Schedule 4.18 hereto. None of the Balentine Entities or
the LLC is in material default under any such policy, and each will use
commercially reasonable efforts to continue those policies in full force and
effect. As of Closing, the LLC shall become an insured under the policies
listed in Schedule 4.18.

          Section 4.19     Tax Matters. Each of the Balentine Entities and the
LLC has (a) paid or caused to be paid all federal, state, county, local, foreign
and other taxes (including, without limitation, income, excise, property,
withholding, sales, use and franchise taxes, unemployment insurance, social
security, gross receipt taxes, occupation taxes and other similar obligations)
and all deficiencies or additions to tax, interest, fines and penalties
(collectively, "Taxes") required to be paid by it (other than current taxes the
liability for which is adequately provided for in the Financial Statements) and
(b) in accordance with applicable law, filed all federal, state, county, local
and foreign tax returns required to be filed by it. All such returns correctly
and accurately set forth the amount of any Taxes relating to the applicable
period. No taxing authority is now asserting or, to the Knowledge of Balentine,
threatening to assert against any of them any deficiency or claim for additional
taxes.

          Section 4.20     Certain Transactions. Except as set forth in Schedule
4.20 or other than as contemplated by this Agreement, the Transaction Documents
or any schedule or exhibit hereto, no officer, director, stockholder, partner or
member of any of the Balentine Entities, the LLC and/or any Principal is
presently a party to any material transaction with any of the Balentine
Entities, the LLC and/or any Principal (including, without limitation, any
material contract, agreement or other

                                      -20-
<PAGE>
material arrangement providing for the furnishing of services to or by or
otherwise requiring payments to or from any such Person, any member of the
Immediate Family of any such Person or any corporation, partnership, trust,
limited liability company or other entity in which any such Person or any
member of the Immediate Family of any such Person has an interest or is an
officer, director, stockholder, trustee, member or partner).

          Section 4.21     Employee Benefit Plans.

                  a.       Each Employee Plan (as that term is defined in
Section 4.21(d) below) that any of the Balentine Entities or the LLC maintains
and that is intended to be qualified under Section 401(a) of the Code is, in its
current form, covered by a favorable determination from the Internal Revenue
Service with respect to its tax-qualified status. To the Knowledge of Balentine,
no event or omission has occurred which could cause any such Employee Plan not
to be so qualified or for any trust thereunder not to be tax-exempt under
Section 501(a) of the Code.

                  b.       None of the Balentine Entities or the LLC now has, or
within the past ten years had, an obligation to contribute to a Multiemployer
Plan (as defined in Section 4001(a)(3) of the Employee Retirement Income
Security Act of 1974, as amended ("ERISA"), or any other Plan subject to Title
IV of ERISA. None of the Balentine Entities or the LLC has, within the past ten
years, ever promised or provided health care or other non-pension benefits to
its former employees (other than "Continuation Coverage" under the Consolidated
Omnibus Reconciliation Act of 1985 required to be provided by Part 6 of Subtitle
B of Title I of ERISA), nor are any such benefits provided for in any Employee
Plan.

                  c.       With respect to each Employee Plan, there has been no
transaction prohibited by Section 406 of ERISA or Section 4975 of the Code that
could result in any material tax, penalty or liability of any of the Balentine
Entities. All of the Employee Plans have complied in all material respects with
the requirements prescribed by any and all applicable statutes, orders or
governmental rules or regulations now or heretofore in effect with respect
thereto. There are no material actions, suits or claims pending or threatened
with respect to any Plan.

                  d.       For the purposes of this Section 4.21, the term
"Employee Plan" or "Plan" includes any "employee benefit plan" as defined in
Section 3(3) of ERISA and any bonus, stock option or other compensation or
benefit plan or arrangement, whether or not subject to ERISA, but does not
include any such Plan or arrangement that is, or is similar to, a payroll
practice as defined in 29 C.F.R. [sec] 2510.3-1(b). Schedule 4.21(d) hereto is a
list of each Employee Plan that any of the Balentine Entities or the LLC now
maintains, contributes to or provides benefits under or has, within the past ten
years, established, maintained, contributed to or provided benefits under.

                  e.       There is no matter pending with respect to any Plan
before the Internal Revenue Service, the Pension Benefit Guaranty Corporation
(the "PBGC"), the Department of Labor or any other Governmental Authority.

                  f.       Each of the Balentine Entities and the LLC has made
full and timely payment of all amounts that are required under the terms of each
Plan and any related trust or collective bargaining agreement or that are
otherwise required by law to be paid as a contribution to

                                      -21-
<PAGE>
each such Plan with respect to all periods through the Closing. No accumulated
funding deficiency (as defined in Section 302 of ERISA and Section 412 of the
Code) exists nor has any funding waiver from the IRS been received or requested
with respect to any Plan and no excise tax or other taxes are due or owing
because of any failure to comply with the minimum funding standards of the Code
and ERISA with respect to any of such Plans.

                  g.       Neither Balentine, nor any entity required to be
aggregated with Balentine under Sections 414(b), (c), (m) or (o) of the Code,
sponsors, contributes to, has an obligation to contribute to or maintains a
defined benefit plan within the meaning of Section 3(35) of ERISA, nor has
Balentine or any such entity sponsored, contributed to, had an obligation to
contribute to or maintained any such plan during the six-year period ending on
the Closing Date.

          Section 4.22     Brokerage. None of any of the Balentine Entities, the
LLC or any Principal has incurred any obligation for a brokerage commission or
finders' fee in connection with the transactions contemplated hereby other than
to Berkshire Capital Corporation ("Berkshire"). The Balentine Entities shall
indemnify Merger Subsidiary, WTI and WTC for any liability to Berkshire.

          Section 4.23     Investment Representations.

                  a.       Each Principal will acquire his or its LLC Interest
and will acquire the share of Common Stock issuable to him or it under the terms
of this Agreement for his or its own account for investment and not with a view
to or for sale in connection with any distribution thereof or with any present
intention of selling or distributing all or any part thereof. Each Principal
acknowledges that the LLC Interests and those shares of Common Stock have not
been registered under the Securities Act or the securities laws of any state or
other jurisdiction, and cannot be disposed of unless registered under the
Securities Act and any applicable state laws or an exemption from that
registration is available.

                  b.       Each of the Principals is sufficiently knowledgeable
and experienced in making investments of this type as to be able to evaluate the
risks and merits of its or his investment in LLC Interests and in those shares
of Common Stock and is able to bear the economic risk of its or his investment
in the LLC and in those shares of Common Stock. Each of the Principals
acknowledges that the LLC Interests are illiquid, that no market for LLC
Interests exists and that none is contemplated to be created.

                  c.       Each Principal is an "accredited investor" within the
meaning of Rule 501(a) under the Securities Act.

                  d.       Each Principal acknowledges that he or it has
received (1) WTC's 2000 annual report prepared in accordance with Rule 14a-3
under the Exchange Act; (2) WTC's Form 10-K for the year ended December 31,
2000; (3) WTC's Form 10-Qs for the three months ended March 31, 2001 and June
30, 2001; (4) WTC's definitive proxy statement for its 2001 annual meeting of
shareholders; (5) all other reports and statements filed by WTC with the SEC
under Sections 13(a), 14(a), 14(c) or 15(d) of the Exchange Act since December
31, 2000; (6) the description of the Common Stock contained in pages 27 through
29 of the proxy statement of Wilmington Trust Company dated May 2, 1991; and (7)
the description of WTC's preferred stock

                                      -22-
<PAGE>
purchase rights contained in WTC's Registration Statement on Form 8-A filed on
January 28, 1995. Each Principal acknowledges that he or it has been provided
with an opportunity to review each exhibit to each of the documents described
in this Section 4.23(d) a reasonable time prior to the date of this Agreement.

                  e.       Each Principal acknowledges that WTC has not provided
such Principal with information regarding the Balentine Entities because such
Principal, as a result his or its position with Balentine, has access to all
information, financial or other, regarding the Balentine Entities necessary for
such Principal to determine whether to execute this Agreement and otherwise
participate in the transactions contemplated hereby.

                  f.       Each Principal acknowledges that he or it has been
provided with an opportunity to ask questions of and receive answers concerning
the terms and conditions of the offering of Common Stock in connection with the
Merger and to obtain any additional information that WTC possesses or can
acquire without unreasonable effort or expense that is necessary to verify the
information furnished pursuant to Section 4.23(d).

                  g.       Each Principal acknowledges that his residence or its
principal business address is set forth under his or its name on the signature
pages to this Agreement.

                  h.       The representations and warranties made in this
Section 4.23 are made only by each Principal as to such Principal and no other
Person is making the representations and warranties in this Section 4.23 with
respect to such Principal.

          Section 4.24     Privacy. Each of the Balentine Entities and the LLC
complies in all material respects with all applicable U.S. federal and state
privacy laws in effect prior to the date of this Agreement, including, without
limitation, Title V of the Gramm-Leach-Bliley Act, the Fair Credit Reporting
Act and any and all applicable regulations implementing either Act.

          Section 4.25     Investment Limitation. The Existing Funds do not, in
the aggregate, own or otherwise control more than 5% of any class of voting
securities of any Person.

          Section 4.26     No Known Regulatory Delays. To the Knowledge of
Balentine, there is no reason to believe that the Balentine Entities and the
Principals will be unable to obtain all consents and permits from all
Governmental Authorities and other Persons necessary to complete the
transactions contemplated by this Agreement promptly and without undue delay,
expense or restriction.

                                    ARTICLE 5

  REPRESENTATIONS AND WARRANTIES OF MERGER SUBSIDIARY, WTI AND WTC TO BALENTINE
                               AND THE PRINCIPALS

         Each of WTC, WTI and Merger Subsidiary represents and warrants to
Balentine and each of the Principals that:

                                      -23-
<PAGE>
          Section 5.1      Organization. Each of Merger Subsidiary, WTI and WTC
is a corporation duly organized, validly existing and in good standing under
Delaware law.

          Section 5.2      Authority. Each of Merger Subsidiary, WTI and WTC has
all requisite power and authority to (a) own its assets and conduct its business
and (b) execute, deliver and perform this Agreement and the other Transaction
Documents to be executed, delivered and performed by it in connection with this
Agreement and the transactions contemplated hereby and thereby. This Agreement
and each other Transaction Document to be executed, delivered and performed by
Merger Subsidiary, WTI and WTC in connection with the transactions contemplated
hereby have been duly and validly approved by all necessary action of that
Person. This Agreement and each other Transaction Document to which it is a
party represents, or when executed will represent, its valid and legally binding
obligation, enforceable against it in accordance with its terms, except as may
be limited by (x) bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance, fraudulent transfer or similar laws now or hereafter in effect
affecting creditors; rights generally or (y) general principles of equity,
whether asserted in a proceeding in equity or at law.

          Section 5.3      Governmental Filings; Non-Contravention. Other than
the filings and/or notices set forth in Schedule 5.3 (including those (i) under
the HSR Act (if WTC determines that a filing under such act is required), the
Exchange Act and the Securities Act, and with the NYSE and (ii) required to be
made with the Federal Reserve Bank of Philadelphia), no notices, reports,
applications or other filings are required to be made by WTI, WTC or the Merger
Subsidiary with, nor are any consents, registrations, approvals, permits or
authorizations required to be obtained by any of them from, any Governmental
Authority in connection with the execution and delivery of this Agreement and
the other Transaction Documents, and the consummation by each such Person of the
Merger and the other transactions contemplated hereby and thereby. Subject to
the making or obtaining of all filings, notices, applications, consents,
registrations, approvals, permits or authorizations with or of any relevant
Government Authority with respect to the Merger, the Transaction Documents and
the other transactions contemplated hereby and thereby as set forth in Schedule
5.3, the execution, delivery and performance of this Agreement and each other
Transaction Document to be executed, delivered and performed by Merger
Subsidiary, WTI and WTC in connection with the transactions contemplated hereby
does not and will not: (a) violate any provision of the charter or bylaws of
Merger Subsidiary, WTI or WTC; (b) violate, conflict with or result in a
default under any contract or obligation to which Merger Subsidiary, WTI or WTC
is a party or by which it or its assets are bound; (c) violate or result in a
violation of, or constitute a default under, any law, regulation or rule, or
any order of or restriction imposed by any court or other Governmental Agency
on Merger Subsidiary, WTI or WTC or its properties; and (d) except with respect
to a post-Effective Time notice to be filed by WTC with the Federal Reserve
Bank of Philadelphia and as contemplated by Section 8.1 hereof, require Merger
Subsidiary, WTI or WTC to obtain any approval, consent or waiver of, or make
any filing with, any Governmental Authority that has not been obtained or made,
except for approvals, consents, waivers or filings, as applicable, that are set
forth in Schedule 5.3 and that will have been received prior to Closing or at
any earlier time required hereunder or under applicable laws, rules and
regulations.

                                      -24-
<PAGE>
          Section 5.4      Litigation and Compliance with Laws.

                  a.       Except as set forth on Schedule 5.4, there are no
orders, writs, injunctions, decrees or unsatisfied judgments, and no actions,
claims, suits, proceedings or investigations pending or, to Merger Subsidiary's,
WTI's or WTC's Knowledge, threatened against Merger Subsidiary, WTI or WTC that,
if adversely determined, might call into question the validity or hinder or
delay the enforceability or performance of this Agreement or the other
Transaction Documents or have a Material Adverse Effect on Merger Subsidiary,
WTI or WTC or their assets or properties, taken as a whole. Except as set forth
on Schedule 5.4, each of Merger Subsidiary, WTI or WTC is and, during the past
five years has been, operating in material compliance with all laws and
governmental rules and regulations, domestic or foreign (including, without
limitation, all federal and state securities laws), applicable to the business,
affairs, properties and assets of Merger Subsidiary, WTI and WTC. Except as set
forth in Schedule 5.4, none of Merger Subsidiary, WTI or WTC is in default with
respect to any judgment, order, writ, injunction, decree, demand or assessment
issued by any court or any federal, state, municipal other governmental agency,
board, commission, bureau, instrumentality or department, domestic or foreign,
relating to any aspect of its business, affairs, properties or assets. Except as
set forth in Schedule 5.4, none of Merger Subsidiary, WTI or WTC has been
charged or, to that Person's Knowledge, threatened with or is under
investigation with respect to any violation of any federal, state, municipal or
other law or any administrative rule or regulation, domestic or foreign,
affecting Merger Subsidiary, WTI or WTC or the transactions contemplated hereby.

                  b.       To Merger Subsidiary's, WTI's or WTC's Knowledge,
none of Merger Subsidiary, WTI or WTC nor any Person "associated" (as that term
is defined under the Advisers Act) with any of Merger Subsidiary, WTI or WTC
has, within five years prior to the date hereof, been convicted of any crime or
is or has been subject to any disqualification in each case that would be the
basis for denial, suspension or revocation of registration of an investment
adviser under Section 203(e) or 206(4) of the Advisers Act or Rule 206(4)-4(b)
thereunder or for disqualification as an investment adviser for any investment
company pursuant to Section 9 of the Investment Company Act of 1940, as amended.

                  c.       To Merger Subsidiary's, WTI's or WTC's Knowledge,
none of any of Merger Subsidiary, WTI or WTC nor any Affiliate of Merger
Subsidiary, WTI or WTC is subject to a "statutory disqualification" as defined
in Section 3(a)(39) of the Exchange Act or is subject to a disqualification that
would be a basis for censure, limitations on the activities, functions or
operations of, or suspension or revocation of the registration of any Affiliate
of Merger Subsidiary, WTI or WTC as a broker-dealer, municipal securities
dealer, government securities broker or government securities dealer under
Section 15, Section 15B or Section 15C of the Exchange Act, and, to Merger
Subsidiary's, WTI's or WTC's Knowledge, there is no reasonable basis for, or
proceeding or investigation, whether formal or informal or whether preliminary
or otherwise, that is reasonably likely to result in, any such censure,
limitations, suspension or revocation.

          Section 5.5      Investment Representations.

                  a.       Merger Subsidiary will acquire its LLC Interest and
the Balentine stock in the Merger under the terms of this Agreement for its own
account for investment and not with a

                                      -25-
<PAGE>
view to or for sale in connection with any distribution thereof or with any
present intention of selling or distributing all or any part thereof. Merger
Subsidiary acknowledges that the LLC Interests and the Balentine stock have not
been registered under the Securities Act or the securities laws of any state or
other jurisdiction, and cannot be disposed of unless registered under the
Securities Act and any applicable state laws or an exemption from that
registration is available.

                  b.       Merger Subsidiary is sufficiently knowledgeable and
experienced in making investments of this type as to be able to evaluate the
risks and merits of its investment in LLC Interests and Balentine stock and is
able to bear the economic risk of its investment in the LLC and Balentine.
Merger Subsidiary acknowledges that the Balentine stock and the LLC Interests
are illiquid, that no market for the Balentine stock or the LLC Interests exists
and that none is contemplated to be created.

          Section 5.6      Common Stock.

                  a.       As of the date hereof, the authorized capital stock
of WTC consists solely of 150,000,000 shares of Common Stock, of which
32,660,627 shares were issued and outstanding as of September 30, 2001 and
1,000,000 shares of preferred stock, of which no shares were outstanding as of
the date hereof. As of the date hereof, WTC has outstanding Rights with respect
to 2,082,915 aggregate shares of Common Stock.

                  b.       Each of the shares of Common Stock delivered by WTC
as part of the Merger consideration shall be duly authorized, validly issued,
fully paid and nonassessable, will be issued free and clear of any Liens or
preemptive rights, and will be listed, subject to official notice of issuance,
on the NYSE.

          Section 5.7      SEC Documents.

                  a.       WTC's Annual Report on Form 10-K for the fiscal year
ended December 31, 2000, and all other reports, registration statements,
definitive proxy statements or information statements filed or to be filed by
it or any of its Subsidiaries since January 1, 1998 under the Securities Act,
or under Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, in the form
filed or to be filed with the SEC (collectively, WTC's "SEC Documents"), as of
the date filed, (A) complied or will comply in all material respects as to form
with the applicable requirements under the Securities Act or the Exchange Act,
as the case may be, and (B) did not and will not, as the case may be, contain
any untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements made therein,
in the light of the circumstances under which they were made, not misleading;
and each of the balance sheets contained in or incorporated by reference into
any such SEC Document (including the related notes and schedules thereto)
fairly presents, or will fairly present, as the case may be, the financial
position of WTC and its Subsidiaries as of its date, and each of the statements
of income and changes in shareholders' equity and cash flows or equivalent
statements in such SEC Documents (including any related notes and schedules
thereto) fairly presents, or will fairly present, as the case may be, the
results of operations, changes in shareholders' equity and changes in cash
flows, as the case may be, of WTC and its Subsidiaries for the periods to which
they relate, in each case in accordance with GAAP during the periods involved,
except in each

                                      -26-
<PAGE>
case as may be noted therein and subject to normal, recurring year-end audit
adjustments in the case of unaudited statements.

                  b.       Since September 30, 2001, WTC has not suffered any
change that has had a Material Adverse Effect on WTC, and to the Knowledge of
WTC there is no impending event or condition that would have a Material Adverse
Effect on WTC.

          Section 5.8      No Known Regulatory Delays. WTC has no Knowledge or
reason to believe that it will be unable to obtain all consents and permits from
all Governmental Authorities and other Persons necessary to complete the
transactions contemplated by this Agreement promptly and without undue delay,
expense or restriction.

          Section 5.9      Brokerage. None of Merger Subsidiary, WTI or WTC has
incurred any obligation for a brokerage commission or finders' fee in connection
with the transactions contemplated hereby.

                                    ARTICLE 6

                    COVENANTS OF BALENTINE AND THE PRINCIPALS

          Balentine and each Principal covenants as follows:

          Section 6.1      Client Consent.

                  a.       As soon as practicable after the date hereof, each of
the Balentine Entities shall notify each of its clients (including the
participants in each Existing Fund) of the transactions contemplated hereby and
by the other Transaction Documents. That notice shall be in the form of Exhibit
6.1(a) hereto.

                  b.       As soon as practicable after the notice in Section
6.1(a), each of the Balentine Entities shall send to each client who has not
returned the notice in substantially the form of Exhibit 6.1(a) hereto,
countersigned indicating approval of the transactions contemplated hereby, a
second notice and consent in substantially the form of Exhibit 6.1(a) hereto
and acceptable to WTI, which acceptance will not be unreasonably withheld,
delayed or conditioned.

          Section 6.2      Conduct of Business. Until Closing, except as
specifically contemplated by this Agreement, without WTI's prior written
consent:

                  a.       The business of each of the Balentine Entities shall
be conducted only in the ordinary course, in a manner consistent in all material
respects with past practices and in compliance in all material respects with all
applicable laws, rules and regulations;

                  b.       None of any of the Balentine Entities or any
Principal shall in any capacity make or assist in making any change in the
charter documents or bylaws of Balentine or BC or organizational documents of GP
or BCT;

                                      -27-
<PAGE>
                  c.       None of any of the Balentine Entities or any
Principal shall acquire any asset or make any capital expenditure, or sell,
lease or dispose of any asset other than (1) in the ordinary course of business
and (2) in an amount not to exceed $100,000;

                  d.       None of any of the Balentine Entities or any
Principal shall permit any Person to mortgage, pledge or subject to or permit to
exist any Lien on any property or asset of any of the Balentine Entities except
for minor imperfections of title or insignificant liens that do not, in the
aggregate, materially detract from the value of the Balentine Entities (and none
of any of the Balentine Entities shall, nor shall any Principal permit any such
Person to, mortgage, pledge or subject to or permit to exist any Lien on, any
properties, assets or contracts that are to be acquired by the LLC pursuant to
the Transaction Documents);

                  e.       Except as provided in Schedule 6.2(e), none of the
Balentine Entities shall issue any (i) shares of its capital stock or other
securities, (ii) options, warrants, puts, calls, commitments, agreements,
contracts or preemptive or other rights to purchase, issue or otherwise acquire
any capital stock or other securities of such entity, or (iii) obligations or
securities convertible into or exchangeable for capital stock or other
securities of such entity;

                  f.       None of the Balentine Entities shall declare or pay
any dividend or distribution on its capital stock or other securities, whether
in the form of cash, capital stock or other securities, except that Balentine
will distribute to the Principals amounts consistent with past practices,
including distributing all excess cash held on or before Closing, which
distribution amount should be approximately equal to all net income,
depreciation and amortization of Balentine, and principal payments on the
Stockholder Notes received by Balentine or BC, on or before Closing. In
addition, Balentine will take into income all remaining prepaid amounts that
were prepaid as of the end of 2000 and are being taken into income each quarter
in 2001 and will distribute such amount to the Principals; and

                  g.       The LLC shall not conduct any business or take any
actions, other than as specifically contemplated in Recital C to this Agreement.

          Section 6.3      Preservation of Business and Assets.

                  a.       Until Closing, except as contemplated hereby, each of
the Balentine Entities and the Principals shall use his or its reasonable best
efforts to: (1) preserve the current business of the Balentine Entities; (2)
maintain the present clients of the Balentine Entities, in each case on terms
substantially equivalent to the terms of the existing agreements between those
clients and those Persons in effect on the date hereof; (3) preserve the
goodwill of the Balentine Entities; and (4) preserve the Licenses required in
connection with the businesses of any of the Balentine Entities and the
Principals.

                  b.       Except for the transactions contemplated by the
Transaction Documents prior to Closing, none of the Balentine Entities shall
materially change the fundamental nature or characteristics of its business from
the business conducted as of the date hereof without WTI's prior written
consent.

                                      -28-
<PAGE>
          Section 6.4      Standstill. Except as provided in Schedule 6.2(e),
the relative interest of the Principals in the Balentine Entities as of the date
hereof may not be altered without the prior written consent of WTI, which
consent will not be unreasonably withheld, delayed or conditioned.

          Section 6.5      Investment Limitation. Each of the Balentine Entities
and each Principal covenants, from the date hereof until Closing, that the
Existing Funds and all other private investment funds, if any, for which any
Balentine Entity or any Principal serves as a general partner or managing member
shall not at any time own or otherwise control in the aggregate more than 5% of
any class of voting securities of any Person.

                                    ARTICLE 7

                                COVENANTS OF WTC

          Section 7.1      Securities Filings; NYSE Listing.

                   a.      WTC shall make all necessary filings with respect to
the issuance of Common Stock in the Merger under the United States federal
securities laws.

                   b.      As soon as possible after the Closing (and in any
event not later than twenty (20) days thereafter), WTC shall prepare and file
with the SEC a Registration Statement on Form S-3 covering the resale by the
Principals of the shares of Common Stock received by them at Closing pursuant to
the Merger (the "Registration Statement"). WTC shall use its reasonable best
efforts to cause such Registration Statement to cover the resale by the
Principals of a reasonable estimate of the number of shares of Common Stock
issuable to the Principals after the Closing pursuant to Section 3.1 hereof
("Estimated Shares"). If WTC is unable to register the resale of such Estimated
Shares in the original Registration Statement, WTC shall file with the SEC
subsequent registration statement(s) on Form S-3 covering the resale of the
shares of Common Stock issued following the Closing under Section 3.1 promptly
following each issuance of such shares. WTC shall use its reasonable best
efforts to cause the Registration Statement(s) to become effective under the
Securities Act and take any action required to be taken under the applicable
United States state "blue sky" or securities laws in connection with the
issuance of the shares of Common Stock as a result of the Merger. Balentine and
the Principals shall cooperate in the preparation and filing of the
Registration Statement(s) and shall furnish all information concerning
Balentine and the Principals as WTC may reasonably request in connection with
such action. WTC shall bear all expenses associated with the preparation and
filing of such Registration Statement(s); however, each Principal shall be
responsible for his or its commissions and other selling expenses in connection
with the sale of any Common Stock and for the cost of any counsel employed by
him or it.

                   c.      WTC shall use its reasonable best efforts to list,
prior to the Effective Time, on the NYSE, subject to official notice of
issuance, the shares of Common Stock to be issued to the Principals pursuant to
the Merger, and WTC shall give all notices and make all filings with the NYSE
required in connection with the transactions contemplated hereby.

          Section 7.2      Indemnification.

                                      -29-
<PAGE>
                  a.       From and after the Effective Time, WTC shall add the
directors, officers, managers, and members of the LLC to the WTC's directors'
and officers' insurance or similar liability insurance coverage that serves to
reimburse such Persons (determined as of the Effective Time) with respect to
claims against such Persons arising in connection with their actions as a
director, officer, manager, or member of the LLC, which insurance shall be in an
amount commercially reasonable and which may be the directors' and officers'
insurance currently maintained by WTC; provided, however, that such Persons so
covered shall cooperate in making applications to, and providing customary
representations and warranties to, WTC's insurance carrier for the purpose of
obtaining such insurance or coverage.

                  b.       If WTC or any of its successors or assigns shall
consolidate with or merge into any other entity and shall not be the continuing
or surviving entity in such consolidation or merger or shall transfer all or
substantially all of its assets to any entity, then and in each case, proper
provision shall be made so that the successors and assigns of WTC shall assume
the obligations set forth in this Section 7.2.

          Section 7.3      WTC Business Benefits.

                  a.       WTC will provide to the LLC and its Subsidiaries New
Business Opportunities as provided in the LLC Agreement and will provide its
share of the capital required to fund such New Business Opportunities also as
provided in the LLC Agreement.

                  b.       The LLC shall have the right to elect, on or prior to
six months after the Closing Date, to have the officers and employees of the LLC
and its Subsidiaries participate in some or all WTC's then-existing employee
benefit plans (other than the Wilmington Trust profit sharing plan or bonus or
incentive plans) at the LLC's cost; provided, however, that (i) once the
election to participate or not participate in a particular plan is made it
cannot be changed without WTC's written consent, which shall not be unreasonably
withheld, (ii) such officers and employees are otherwise eligible to participate
in such plans in accordance with their terms, (iii) nothing herein shall entitle
such an officer or employee to participate in a plan where participation is not
based solely on eligibility criteria set forth in the plan and (iv) WTC
acknowledges that there will be no cost to the LLC for WTC stock options granted
to officers and employees of the LLC or its Subsidiaries. With respect to the
WTC employee benefit plans, for all purposes, except for the computation of the
benefits under defined benefit plans, WTC agrees that years of service with any
Balentine Entities shall be deemed to be years of service with WTC. The LLC
shall have a reasonable opportunity to participate in any new employee benefit
plans made available to employees generally.

                  c.       WTC will use its reasonable best efforts to cause
Wilmington Trust FSB to open a trust and/or banking office in Atlanta and to
place the office in the same space as is presently used by Balentine if
commercially feasible. If such office is in the space presently used by
Balentine, Wilmington Trust FSB will be responsible for its pro rata share of
rent and related expenses based on the percent of square footage occupied by
Wilmington Trust FSB. WTC will cause the Chief Executive Officer of the LLC to
be appointed an officer of Wilmington Trust FSB and cause the other Wilmington
Trust FSB staff in such office to report to such officer. The

                                      -30-
<PAGE>
Wilmington Trust FSB officers and employees and the LLC officers and employees
will use reasonable best efforts to coordinate marketing and client development
programs and services.

                  d.       WTC will make available on a nationwide basis in the
United States the LLC's Subsidiaries' expertise in their manager of managers
program, including in connection therewith asset allocation modeling, asset
rebalancing strategies and manager evaluation and selection. WTC may access this
expertise through client investment in the LLC's Subsidiaries' investment funds,
proprietary WTC investment funds managed by those Subsidiaries, client
customized investment funds managed by those Subsidiaries and/or
non-discretionary advisory services of those Subsidiaries. Accordingly, WTC will
work cooperatively with those Subsidiaries to use their know how and the
services of their officers and employees to provide advice and assistance
relating to the manager of managers program and will pay to the appropriate
Subsidiary a fee for such services and know how as may be agreed by WTC and the
LLC from time to time. The Principals agree to cause those Subsidiaries to use
their reasonable best efforts to meet the reasonable needs of WTC in connection
with the use of the expertise and a condition of WTC's continued use of the
Subsidiaries will depend on those Subsidiaries' meeting commercially reasonable
service levels and performance standards. It is intended that the service levels
and performance standards will be discussed by WTC and the LLC from time to time
and will be adjusted from time to time on a mutual basis.

                  e.       WTC will provide to the LLC's Subsidiaries client
related services that are available for the use of WTC's other asset management
affiliates, including external asset management, custom-built insurance
products, and marketing materials on a reasonable and fair basis and cost. WTC
will also make available the full array of support services on the same basis as
are made available to its other affiliated asset managers, including internal
asset management, human resources, marketing, financial reporting, tax and
estate planning, compliance and information technology, as the LLC may request
from time to time.

                                    ARTICLE 8

                            COVENANTS OF THE PARTIES

          Section 8.1      Regulatory Authorizations.

                  (a)      Except as provided in Section 7.1, Merger
Subsidiary, WTI and WTC shall at their sole expense timely and promptly make
all filings required to be made by any of them with any Governmental Authority
with respect to the consummation of the transactions contemplated hereby
(including, but not limited to, the listing of the Common Stock on the NYSE,
the filings under the HSR Act (if WTC determines such filings are required)
and/or the filings with the Federal Reserve Bank of Philadelphia). Merger
Subsidiary, WTI and WTC shall furnish to any of the Balentine Entities such
information and assistance any of them may reasonably request in connection
with the preparation by any of them of necessary filings or submissions to any
Governmental Authority. Merger Subsidiary, WTI and WTC shall promptly supply
Balentine with copies of all non-confidential correspondence, filings or
communications (or memoranda summarizing the substance thereof) between Merger
Subsidiary, WTI, WTC or

                                      -31-
<PAGE>
their counsel and any Governmental Authority with respect to this Agreement and
the transactions contemplated hereby.

                  (b)      Except as provided in Section 7.1, each of Balentine
and the Principals shall at his or its sole expense timely and promptly make all
filings required to be made by it, him, the Balentine Entities or the LLC with
any Governmental Authority with respect to the consummation of the transactions
contemplated hereby (including, but not limited to, the filings under the HSR
Act (if WTC determines such filings are required), the filings with the SEC of
amendments to the Form ADV or Form BD of any Balentine Entity; any required
requests for approval of the transactions from the NASD, the NYSE, and/or other
self-regulatory organization; and/or the filings in any state of any amendments
relating to the investment adviser or broker-dealer registration of any
Balentine Entity in such state). Each of Balentine and the Principals shall
furnish to each of Merger Subsidiary, WTI and WTC such information and
assistance as that Person may reasonably request in connection with its
preparation of necessary filings or submissions to any Governmental Authority.
Balentine shall promptly supply WTI with copies of all non-confidential
correspondence, filings or communications (or memoranda summarizing the
substance thereof) between any of the Principals, the Balentine Entities or the
LLC, his or its counsel and any Governmental Authority with respect to this
Agreement and the transactions contemplated hereby.

          Section 8.2      Confidentiality. Each party (each a "Receiving
Party") shall, on behalf of himself or itself and his or its representatives and
agents, keep confidential any and all information and data of a proprietary or
confidential nature with respect to any other party (a "Disclosing Party") in
the Receiving Party's possession or that he or it receives as a result of any
investigation made in connection with this Agreement, other than information
that is or becomes generally available to the public other than as a result of
disclosure by the Receiving Party in violation of this Agreement.
Notwithstanding the preceding sentence, each party shall be free to disclose any
such information or data (a) to the extent required by applicable law, order,
rule or regulation and (b) during the course of or in connection with any
litigation, arbitration or other proceeding based upon or in connection with the
subject matter of this Agreement; provided that, prior to disclosing any such
information in connection with any such litigation, arbitration or proceeding,
the Receiving Party shall, to the extent permitted by law, give prior notice to
the Disclosing Party and use reasonable efforts to obtain confidential
treatment therefor.

          Section 8.3      Expenses Incident to this Agreement. Except as
otherwise expressly provided herein, each party shall pay his or its own
expenses incident to the negotiation and consummation of the transactions
contemplated by this Agreement and the other Transaction Documents and the
preparation and carrying out of this Agreement and the transactions contemplated
hereby or thereby.

          Section 8.4      Access; Information. The Balentine Entities and the
Principals hereby agree that, upon reasonable notice and subject to applicable
laws relating to the exchange of information, the Balentine Entities shall
afford WTC and its officers, employees and representatives, such access during
normal business hours throughout the period prior to Closing to the books,
records, properties, personnel and to such other information of the Balentine
Entities as WTC may reasonably request. WTC shall make available from time to
time and on reasonable notice its

                                      -32-
<PAGE>
personnel to respond to appropriate questions relating to the transactions
contemplated by this Agreement from participants in Existing Funds and other
clients of the Balentine Entities.

          Section 8.5      Press Releases. The Parties shall coordinate and
approve, to the extent permitted by law, any public announcement, press release
or response to media inquiries regarding this Agreement and the transactions
contemplated hereby.

                                    ARTICLE 9

    CONDITIONS PRECEDENT TO MERGER SUBSIDIARY'S, WTI'S AND WTC'S OBLIGATIONS

The obligations of Merger Subsidiary to merge with and into Balentine and of
Merger Subsidiary, WTI and WTC to consummate the transactions contemplated
hereby are subject to the satisfaction on or, where appropriate, before the
Closing Date of the following conditions, except to the extent Merger
Subsidiary, WTI or WTC waives any such condition in writing on or before the
Closing Date:

          Section 9.1      No Litigation; No Opposition. No judgment,
injunction, order or decree enjoining or prohibiting any of Merger Subsidiary,
WTI, WTC, the LLC, any of the Balentine Entities or any Principal or other party
to any Transaction Document from consummating the transactions contemplated by
this Agreement or by any other Transaction Document or from engaging in any
advisory or broker-dealer activity shall have been entered except such actions
as, individually or in the aggregate, would not be reasonably likely to result
in a Material Adverse Effect on the Balentine Entities and the LLC, taken as a
whole. No suit, action, claim, proceeding or investigation shall be pending or
threatened at any time prior to or on the Closing Date before or by any court or
Governmental Authority seeking to materially restrain or prohibit, or seeking
material damages or other significant relief in connection with, the execution
and delivery of this Agreement or any other Transaction Document or the
consummation of the transactions contemplated hereby.

          Section 9.2      Representations, Warranties and Covenants of
Balentine and the Principals. The representations and warranties of each of
Balentine and the Principals contained in this Agreement, any schedule or
exhibit hereto and in each other Transaction Document shall be true and correct
in all material respects at and as of Closing as though newly made at that time;
provided that no breaches of representations and warranties shall be deemed to
excuse WTC's obligations to consummate the transactions contemplated hereby
unless, individually or in the aggregate, such breaches could reasonably be
likely to result in a Material Adverse Effect on the Balentine Entities and the
LLC, taken as a whole (ignoring, for this purpose, any materiality
qualifications to such representations and warranties). Each and all of the
agreements and conditions to be performed or satisfied by each of the Balentine
Entities, the LLC and/or the Principals hereunder and under the other
Transaction Documents at or prior to Closing shall have been duly performed or
satisfied in all material respects. Each of the Balentine Entities and the
Principals shall have furnished Merger Subsidiary, WTI and WTC with a
certificate or certificates dated as of the Closing Date with respect to each of
the foregoing.

                                      -33-
<PAGE>
          Section 9.3      Consents. Each Balentine Entity shall have obtained
the Consent to the transactions contemplated by the Transaction Documents in the
manner set forth in Section 6.1 from each participant in each Existing Fund and
from its other clients whose advisory agreements provide for the payment (based
on the Contract Value of each such agreement) of fees constituting at least
ninety percent (90%) of Balentine's investment advisory revenues for its fiscal
quarter ending December 31, 2001; provided, however, that, with respect to the
Balentine consulting clients listed on Schedule 9.3(a), advisory fees for the
third quarter of 2001 shall be used. Compliance with this condition shall be
measured five Business Days prior to the Closing Date.

                  a.       "Consent" shall mean (1) with respect to a client
whose contract by its terms terminates upon the consummation of the transactions
contemplated by the Transaction Documents, that the LLC or the appropriate
Balentine Entity shall have entered into a new contract on substantially
equivalent terms, which contract is effective after giving effect to the
Closing, and (2) with respect to a client, including each Existing Fund, whose
contract or partnership agreement requires written consent from a party or
parties thereto or partners therein for it to survive the transactions
contemplated by the Transaction Documents, that Balentine or the appropriate
Balentine Entity shall have obtained all such written consents as may be
required.

                  b.       "Contract Value" shall mean, with respect to an
advisory contract or limited partnership agreement of an Existing Fund, the
advisory fees for the fourth quarter of 2001 based on the fee schedule and
assets under management set forth in the relevant agreement as of September 30,
2001 (adjusted for any additions and/or withdrawals since September 30, 2001 in
the manner provided below); provided, however, that, with respect to the
Balentine consulting clients listed on Schedule 9.3(a), advisory fees for the
third quarter of 2001 shall be used. Without limiting the generality of the
foregoing, for purposes of the definition of "Contract Value," each limited
partnership agreement of an Existing Fund and each wrap-fee program shall be
considered an advisory contract, and the addition and withdrawal of participants
in each such program shall be treated as an addition or withdrawal of funds.

                  Contract Value for a new client added after September 30, 2001
or a client that adds additional assets to its assets under management shall be
added by computing the Contract Value for the fourth quarter of 2001 with
respect to the value of the client's assets under management on the date the
management of those assets commences (using the fee rate for such client when
it first becomes a client) for the entire quarter.  A client that withdraws all
of its assets under management after September 30, 2001 (or gives notice that
it intends to do so) shall be treated as though Consent was not obtained.
Contract Value for a client that withdraws more than $1 million in the
aggregate from assets under management after September 30, 2001 (or gives
notice that it intends to do so) shall be reduced by a percentage calculated by
dividing (1) the amount of the assets withdrawn (or notified to be withdrawn)
valued as of the date of such withdrawal or notice, by (2) the amount of assets
under management immediately prior to the first withdrawal or notice by such
client after September 30, 2001.

                  Advisory fees associated with new clients, with existing
clients adding additional assets under management and with clients who have
withdrawn either all of their assets from management or more than $1 million of
such assets shall be included in the numerator but not the denominator for
purposes of computing such 90%.

                                      -34-
<PAGE>
                  At Closing, Balentine shall deliver to Merger Subsidiary, WTI
and WTC a certificate certifying to compliance with this Section 9.3.

          Section 9.4      Shareholder Approval. Balentine's Board of Directors
shall have approved the transactions contemplated by the Transaction Documents,
Balentine's shareholders shall have approved the transactions contemplated by
the Transaction Documents, and, at Closing, Balentine shall deliver to Merger
Subsidiary, WTI and WTC a certificate certifying that such Board and shareholder
approval has been obtained.

          Section 9.5      Other Approvals. All actions and approvals by or in
respect of, or filings with, any Governmental Authority required to permit the
consummation of the transactions contemplated hereby so that the LLC and the
Balentine Entities shall be able to continue to carry on after the Closing Date
the business conducted by the Balentine Entities immediately prior to Closing
shall have been taken, made or obtained. All other material permits, approvals,
consents or other actions commercially necessary to consummate the transactions
hereunder shall have been received or taken, except where the failure to obtain
such permit, approval, consent or other action would not have a Material Adverse
Effect on the Balentine Entities and the LLC, taken as a whole.

          Section 9.6      Capitalization. The Members of the LLC, and the
capital account balances and Membership Points of each Member in the LLC, shall
be as set forth on Schedule 4.4(b) hereto.

          Section 9.7      Deliveries. Each of the Balentine Entities, the LLC
and the Principals shall have executed, where applicable, and delivered to
Merger Subsidiary, WTI and WTC (or shall have caused to be executed and
delivered to Merger Subsidiary, WTI and WTC by the appropriate person) the
following:

                  a.       A certificate of the Secretary of each of the
Balentine Entities and the LLC that it has completed all required actions
contemplated by the Transaction Documents;

                  b.       The LLC Agreement;

                  c.       The Registration Rights Agreement;

                  d.       Certified copies of resolutions of the respective
board of directors or board of managers (and, if necessary, the members or
shareholders) authorizing the execution of each Transaction Document to which
any of the Balentine Entities or the LLC is a party;

                  e.       Evidence that BC has converted into a Georgia limited
liability company, and copies of the Original LLC Agreement, the Second LLC
Agreement, the Georgia limited liability company operating agreement of BC
referred to in Recital C, the articles of incorporation and bylaws of Balentine
and BC and the certificate of formation or organization of GP, BCT and the LLC,
each of which in the case of the evidence of conversion and the articles of
incorporation and other formation documents filed with the Secretary of State is
certified as of a recent date by the Secretary of State of the relevant state of
organization;

                  f.       A certificate of the Secretary of each of the
Balentine Entities certifying that the resolutions, articles of incorporation,
certificates and bylaws in paragraphs (d) and (e) above are

                                      -35-
<PAGE>
in full force and effect and have not been amended or modified, and that the
officers of each of the Balentine Entities are those persons named in the
certificate;

                  g.       A certificate issued by the appropriate Secretary of
State certifying that each of the Balentine Entities is validly existing in that
state as of the most recent practicable date;

                  h.       The Employment Agreements;

                  i.       True and correct copies of each of the other
Transaction Documents;

                  j.       An opinion from counsel to each of Balentine, BC, GP
and the LLC in the form of Exhibit 9.7(j); provided, however, that any specific
exceptions taken in such opinion that are not included in the form of such
opinion attached hereto as Exhibit 9.7(j) shall not excuse WTC's obligations to
consummate the transactions contemplated hereby unless, individually or in the
aggregate, such exceptions would also constitute a breach of a representation or
warranty by Balentine or a Principal that could reasonably be likely to result
in a Material Adverse Effect on the Balentine Entities and the LLC, taken as a
whole (ignoring, for this purpose, any materiality qualification to such
representations and warranties).

                  k.       A copy of the Form D to be filed with the SEC with
respect to the issuance of the LLC Interests and of any similar filing or
notification of filing that will be filed with any applicable state securities
department; and

                  l.       A copy of an appraisal of the fair market value of
the Principals' Interest performed by Valuation Econometrics, LLC, or another
appraisal firm reasonably acceptable to WTC, as of a date within 10 days prior
to the Closing Date.

          Section 9.8      Material Adverse Change. No event or condition,
individually or in the aggregate, shall have had a Material Adverse Effect on
the Balentine Entities and the LLC, taken as a whole.

          Section 9.9      Liens. Any and all Liens on the Voting Shares and the
Non-Voting Shares shall be released in full, and any and all Liens on the assets
of Balentine and its Subsidiaries shall be released in full and to WTI's
reasonable satisfaction.

          Section 9.10     Stockholder Notes. The stockholder notes listed on
Schedule 9.10 attached hereto ("Stockholder Notes") shall, to the extent owned
by Balentine, have been transferred to the LLC at or immediately prior to
Closing and shall, to the extent owned by BC, remain with BC, and all of such
Stockholder Notes shall continue to be paid in accordance with their terms;
provided, however, that Nicholas Hoffman's Stockholder Note shall be repaid or
otherwise satisfied in full prior to Closing.

          Section 9.11     Shareholder Agreement. The Amended and Restated
Shareholder Agreement dated April 4, 1995 between BC and its shareholders, as
supplemented by Joinder Agreements dated January 1, 1996, December 31, 1998,
January 1, 1999, December 31, 1999 and January 1, 2001, shall have been
terminated to WTI's reasonable satisfaction.

                                      -36-
<PAGE>
          Section 9.12     Investment Adviser Registration. GP shall have either
registered effectively as an investment adviser under the Advisers Act or merged
into BC, with BC being the surviving entity in such merger.

          Section 9.13     Stockholder Note of Nicholas J. Hoffman. The
Stockholder Note of Nicholas J. Hoffman shall have been paid or satisfied in
full at or prior to Closing, and Gary B. Martin and Wesley A. French shall have
issued promissory notes to Balentine in the aggregate principal amount, and on
substantially similar terms, as the promissory note issued by Balentine to
Nicholas J. Hoffman under Section 3 of the Hoffman/Balentine Exit Agreement
dated October 20, 2001 among BC, Balentine and Nicholas J. Hoffman.

          Section 9.14     Non-Competition Agreements of Principals. Each
non-competition agreement (a) between BC and Robert M. Balentine dated February
6, 2000, (b) between BC and B. Clayton Rolader dated February 15, 2000, (c)
between BC and Jeffrey P. Adams dated February 6, 2000, (d) between BC and
Robert E. Reiser, Jr. dated February 14, 2000, and (e) between BC and Michael E.
Wolf dated January 1, 2001, shall have been terminated.

                                   ARTICLE 10

                 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF THE
                      BALENTINE ENTITIES AND THE PRINCIPALS

         The obligations of Balentine and the Principals to consummate the
transactions contemplated hereby are subject to the satisfaction at or prior to
the Closing Date of the following conditions, except to the extent that any of
the Balentine Entities or the Principals, as the case may be, has waived any
such condition in writing on or prior to the Closing Date:

          Section 10.1     No Litigation; No Opposition. No judgment,
injunction, order or decree enjoining or prohibiting any of Merger Subsidiary,
WTI, WTC, the LLC, any of the Balentine Entities or any Principal from
consummating the transactions contemplated hereby or thereby shall have been
entered. No suit, action, claim, proceeding or investigation shall be pending or
threatened on the Closing Date before or by any court or Governmental Authority
seeking to restrain or prohibit the execution and delivery of this Agreement or
any other Transaction Document or the consummation of the transactions
contemplated hereby or thereby.

          Section 10.2     Representations, Warranties and Covenants. Each
representation and warranty of Merger Subsidiary, WTI and WTC contained in this
Agreement and in any schedule or exhibit hereto and in each other Transaction
Document shall be true and correct in all material respects at and as of Closing
as though newly made at that time; provided that no breaches of representations
and warranties shall be deemed to excuse the Balentine Entities' or the
Principals' obligations to consummate the transactions contemplated hereby
unless, individually or in the aggregate, such breaches could reasonably be
likely to result in a Material Adverse Effect on Merger Subsidiary, WTI and WTC,
taken as a whole (ignoring, for this purpose, any materiality or material
adverse effect qualifications to such representations and warranties). Each and
all of the agreements and conditions to be performed or satisfied by Merger
Subsidiary, WTI or WTC

                                      -37-
<PAGE>
hereunder and under the other Transaction Documents at or prior to Closing
shall have been duly performed or satisfied in all material respects. Merger
Subsidiary, WTI and WTC shall have furnished each Principal with a certificate
dated as of the Closing Date to that effect.

          Section 10.3     Deliveries. Merger Subsidiary, WTI or WTC, as
appropriate, shall have executed and delivered to Balentine or the Principals:

                  a.       Certified copies of resolutions of each of Merger
Subsidiary's, WTI's and WTC's board of directors authorizing the execution of
this Agreement and each other Transaction Document to which Merger Subsidiary,
WTI or WTC is a party and, in the case of WTC, the issuance of the shares of
Common Stock in the Merger;

                  b.       A copy of the charter and current bylaws of Merger
Subsidiary, WTI and WTC, which, in the case of the charters and certificates,
are certified as of a recent date by the Secretary of State of Delaware;

                  c.       A certificate of the Secretary of each of Merger
Subsidiary, WTI and WTC certifying that the resolutions, charters and bylaws in
paragraphs (a) and (b) above are in full force and effect and have not been
amended or modified, and that the officers of Merger Subsidiary, WTI and WTC are
those persons named in the certificate;

                  d.       A certificate issued by the Secretary of State of
Delaware certifying that Merger Subsidiary, WTI and WTC are validly existing in
Delaware as of the most recent practicable date;

                  e.       True and correct copies of each other Transaction
Document to which Merger Subsidiary, WTI or WTC is a party;

                  f.       An opinion from counsel to Merger Subsidiary, WTI and
WTC in the form of Exhibit 10.3(f);

                  g.       A copy of the Form D to be filed with the SEC with
respect to the issuance of the shares of Common Stock and of any similar filing
or notification of filing that will be filed with any applicable state
securities department;

                  h.       WTI shall execute the BCT Agreement in favor of the
Non-Balentine Members; provided, however, that it shall not be a condition
precedent to Closing that the Non-Balentine Members shall have executed such
agreement; and

                  i.       A copy of an appraisal of the fair market value of
the Principals' Interest performed by Valuation Econometrics, LLC, or another
appraisal firm reasonably acceptable to WTC, as of a date within 10 days prior
to the Closing Date.

         In addition, WTC shall have delivered the merger consideration to be
paid at Closing.

          Section 10.4     Consents. Balentine shall have obtained all Consents
contemplated by Section 9.3.

                                      -38-
<PAGE>
          Section 10.5     Material Adverse Change. No event or condition,
individually or in the aggregate, shall have had a Material Adverse Effect on
Merger Subsidiary, WTI and WTC, taken as a whole.

                                   ARTICLE 11

                                 INDEMNIFICATION

          Section 11.1     Indemnification by the Principals. Subject to the
provisions of this Article 11, each of the Principals shall defend, indemnify,
save and hold harmless Merger Subsidiary, WTI and WTC, their respective
Affiliates and the shareholders, directors, officers, employees and agents of
each of the foregoing, from and against any and all actions, suits, claims,
proceedings, demands, assessments, judgments, costs, losses, liabilities,
damages, deficiencies and expenses (including, without limitation, interest,
penalties, reasonable attorneys' and accountants' fees and all reasonable
amounts paid in the investigation, defense or settlement of any of the
foregoing) (collectively, "Losses") incurred in connection with, arising out of,
or resulting from (a) any misrepresentation or breach of any representation or
warranty by any of Balentine or the Principals herein, (b) any breach of any
covenant or agreement to be performed pursuant to this agreement by any of
Balentine, the LLC or the Principals herein, (c) the Existing Debt and (d) any
failure of GP to be registered as an investment adviser under the Georgia
Securities Act of 1973, as amended; provided that each Principal shall be
obligated to pay only such Principal's pro rata share of any such Losses other
than Losses relating to Sections 4.15(c), 4.15(d) or 4.23. The pro rata share
shall be such Principal's percentage of the outstanding stock of Balentine
immediately prior to the Merger, determined by dividing such Principal's number
of shares of Balentine stock immediately prior to the Merger by the number of
all such Balentine stock then outstanding. With respect to Sections 4.15(c),
4.15(d) and 4.23, each Principal shall be obligated to pay only such Losses
relating to the breach of such representations by such Principal.

          Section 11.2     Indemnification by WTI and WTC. Subject to the
provisions of this Article 11, Merger Subsidiary, WTI and WTC shall each defend,
indemnify, save and hold harmless the Principals from and against any and all
Losses incurred in connection with, arising out of, or resulting from any
misrepresentation or breach of any warranty, covenant or agreement by Merger
Subsidiary, WTI or WTC herein or in any Transaction Documents.

          Section 11.3     Limitation. No amount shall be recoverable under this
Article 11 by Merger Subsidiary, WTI or WTC, on the one hand, or the Principals,
on the other hand, until the total amount of Losses suffered to date exceeds
$10,000. Further, the indemnification provided by Section 11.1(a) shall
terminate one year following the Closing and shall be limited to an amount not
exceeding the amount of the payment made under Section 3.1(a)(1). The
indemnification provided by each of the Principals relating to breaches of the
representations contained in Sections 4.15(c) and (d) and 4.23 shall be limited
to an amount not exceeding the amount of the payment made under Section
3.1(a)(1) to such Principal.

          Section 11.4     Defense of Claims. If any action, suit, claim, tax
audit, proceeding, demand, assessment or enforcement action is filed or
initiated against an Indemnified Party with

                                      -39-
<PAGE>
respect to a matter subject to an indemnification claim by such Indemnified
Party, the Indemnified Party shall give written notice thereof to the
Indemnifying Party or Parties as promptly as practicable, and in any event
within 20 days after service of the citation or summons, but the failure of an
Indemnified Party to give timely notice shall not affect the rights of that
party to indemnification hereunder to the extent such failure does not
prejudice the Indemnifying Party. After such notice and a reasonable period of
time to allow for analysis of the claim, if the Indemnifying Party acknowledges
in writing to the Indemnified Party that the Indemnifying Party is obligated
under the terms of its indemnity hereunder for all liabilities of the
Indemnified Party in connection with that action, suit, claim, tax audit,
proceeding, demand, assessment or enforcement action, the Indemnifying Party
shall be entitled, if it so elects and with counsel reasonably satisfactory to
the Indemnified Party, to take control of the defense and investigation of that
action, suit, claim, tax audit, proceeding, demand, assessment or enforcement
action and to employ and engage attorneys to handle and defend the same, at the
Indemnifying Party's cost, risk and expense, except that, if the Indemnifying
Party elects not to assume such defense or counsel for the Indemnified Party
determines in good faith and advises the Indemnifying Party in writing that
there are issues that raise conflicts of interest between the Indemnifying
Party and the Indemnified Party, the Indemnified Party may retain counsel
satisfactory to him or it, and the Indemnifying Party shall pay all reasonable
fees and expenses of such counsel for the Indemnified Party promptly as
statements therefore are received; provided, however, that (i) the Indemnifying
Party shall be obligated pursuant to this Section 11.4 to pay for only one firm
of counsel (unless the use of one counsel for such Indemnified Party would
present such counsel with a conflict of interest) for all Indemnified Parties
in any jurisdiction, and (ii) the Indemnified Party will cooperate in the
defense of any such matter. If the Indemnifying Party assumes the control of
such defense, the Indemnified Party shall cooperate in all reasonable respects,
at the Indemnifying Party's request and cost, risk and expense, with the
Indemnifying Party and its attorneys in the investigation, trial and defense of
that action, suit, claim, tax audit, proceeding, demand, assessment or
enforcement action and any appeal arising therefrom; provided that the
Indemnified Party may, at its own cost, participate in the investigation, trial
and defense of that action, suit, claim, tax audit, proceeding, demand,
assessment or enforcement action and any appeal arising therefrom. The
Indemnifying Party shall keep the Indemnified Party apprised of the status of
the action, suit, claim, tax audit, proceeding, demand, assessment or
enforcement action, furnish the Indemnified Party with all documents and
information the Indemnified Party reasonably requests in connection therewith,
and consult with the Indemnified Party prior to acting on major matters
involved in that action, suit, claim, tax audit, proceeding, demand, assessment
or enforcement action, including settlement discussions. Unless the Indemnified
Party receives a complete release from all matters involved in the dispute, no
settlement of any action for which indemnification may be payable hereunder
shall be made without the prior written consent of the Indemnified Party, which
consent shall not be unreasonably withheld, delayed or conditioned. The
Indemnified Party shall be entitled to defend, settle or proceed in such other
manner as it deems fit, in its sole discretion, in connection with any action,
suit, claim, proceeding, demand, assessment or enforcement action with respect
to which the Indemnifying Party has not acknowledged its obligations in writing
in accordance with the foregoing; and no reasonable action taken by the
Indemnified Party in connection therewith shall affect or limit the obligations
of the Indemnifying Party pursuant to this Section 11.4.

                                      -40-
<PAGE>
         If the Indemnifying Party assumes the control of such defense as
provided above but subsequently, in the course of defending the matter, comes to
believe that the matter is not properly an obligation of such Indemnifying
Party, the Indemnifying Party may with reasonable promptness advise the
Indemnified Party of such new information. In such case, (a) if the Indemnified
Party then agrees with the Indemnifying Party, the Indemnifying Party and the
Indemnified Party shall make mutually satisfactory arrangements for the
Indemnified Party to assume the defense of such matter and to repay the
Indemnifying Party for any amounts reasonably expended by it pursuant to this
Article 11 with respect to such matter, and (b) if the Indemnified Party does
not then agree with the Indemnifying Party, the Indemnifying Party shall have
the right to commence legal proceedings to determine whether the matter is
subject to indemnification by the Indemnifying Party; provided that, in the case
of clause (b), the Indemnifying Party shall continue to be obligated to defend
the Indemnified Party with respect to such matter and to otherwise make the
payments required by this Article 11 until such dispute is finally adjudicated
by a court of competent jurisdiction and all rights to appeal with respect
thereto have expired.

          Section 11.5     Prompt Payment. Any indemnity payable pursuant to
this Article 11 shall be paid within the later of ten days of the Indemnified
Party's request therefor or five days prior to the date on which the liability
upon which the indemnity is based is required to be paid by the Indemnified
Party; provided, however, that, if it is finally determined by a court of
competent jurisdiction, and all rights to appeal have expired, that the
Indemnifying Party is not liable under this Article 11 with respect to a Loss,
nothing in this Section 11.5 shall give the Indemnified Party any independent
right to sue for a breach of this Agreement.

          Section 11.6     Sole Remedy. After the Closing, each party's sole and
exclusive remedy for any breach of this Agreement by any other party shall be
the provisions in Article 11; provided, however, that nothing set forth in this
Article 11 shall be deemed to prohibit or limit any party's right at any time on
or after the Closing Date, to seek injunctive or equitable relief for the
failure of any other party to perform any covenant or agreement contained herein
or to seek any other relief based upon fraud or intentional misrepresentation.

          Section 11.7     Certain Reductions; Subrogation. All indemnification
payments payable hereunder shall be reduced by the amount of insurance proceeds
received by the Indemnified Party as a result of the Losses for which the
Indemnified Party is seeking indemnification. In the event that the
Indemnifying Party shall be obligated to indemnify the Indemnified Party
pursuant to this Article 11, the Indemnifying Party shall, upon payment of such
indemnity in full, be subrogated to all rights of the Indemnified Party with
respect to the Losses to which such indemnification relates; provided, however,
that the Indemnifying Party shall only be subrogated to the extent of any
amount paid by it pursuant to this Article 11 in connection with such Loss.

                                   ARTICLE 12

                                   TERMINATION

          Section 12.1     Termination. This Agreement may be terminated (a) by
the mutual consent of WTI and Balentine; (b) by WTI or Balentine at any time
after March 31, 2002 if for any reason

                                      -41-
<PAGE>
the transactions contemplated by this Agreement have not been consummated by
that date and the failure to consummate the transactions is not caused by a
breach of this Agreement by the Merger Subsidiary, WTI or WTC, if WTI seeks to
terminate this Agreement pursuant to this Section 12.1(b), or Balentine and the
Principals, if Balentine seeks to terminate this Agreement pursuant to this
Section 12.1(b); (c) by WTI if there has been a misrepresentation or breach on
the part of any of Balentine, the LLC or the Principals in the representations,
warranties or covenants of any of Balentine, the LLC or the Principals set
forth herein that, if curable, has not been cured within 10 days after notice
thereof by WTI and which breach, if not cured, would cause a failure of the
conditions set forth in Article 9; (d) by Balentine if there has been a
misrepresentation or breach on the part of Merger Subsidiary, WTI or WTC in the
representations, warranties or covenants of Merger Subsidiary, WTI or WTC set
forth herein that, if curable, has not been cured within 10 days after notice
thereof by Balentine and which breach, if not cured, would cause a failure of
the conditions set forth in Article 10; (e) by WTI or Balentine if any court of
competent jurisdiction or other competent governmental or regulatory authority
(1) has issued an order making illegal or otherwise materially restricting,
preventing or prohibiting any of the transactions contemplated hereby and that
order has become final and nonappealable or (2) whose approval is necessary to
the consummation of the transactions contemplated hereby and whose approval has
not been obtained after all appeals have been taken; (f) by WTI if an event or
condition or events or conditions occur that, either individually or the
aggregate, have a Material Adverse Effect on the LLC and the Balentine
Entities, taken as a whole; and (g) by Balentine if an event or condition or
events or conditions occur, which, either individually or in the aggregate,
have a Material Adverse Effect on Merger Subsidiary, WTI and WTC, taken as a
whole.

          Section 12.2     Effect of Termination. If this Agreement is validly
terminated pursuant to Section 12.1, it will become null and void immediately
and there will be no liability or obligation on the part of any party hereto (or
any of their respective representatives or Affiliates), except that (a) the
provisions of Sections 8.2 and 8.3 and Article 11 will continue to apply
following that termination and (b) nothing contained herein shall relieve any
party hereto from liability for breach of its representations, warranties,
covenants or agreements contained in this Agreement.

                                   ARTICLE 13

                                  MISCELLANEOUS

          Section 13.1     Survival of Representations, Warranties and
Covenants. The representations and warranties contained herein and in any
certificate or other writing delivered pursuant hereto shall survive the Closing
Date and the consummation of the transactions contemplated hereby. All covenants
herein not fully performed shall survive the Closing Date and continue
thereafter until fully performed.

          Section 13.2     Waivers. Any waiver of any term or condition or of
the breach of any covenant, representation or warranty in this Agreement in any
one instance shall not operate as or be deemed to be a further or continuing
waiver of any other breach of that term, condition, covenant, representation or
warranty or any other term, condition, covenant, representation or warranty. No
failure or delay at any time to enforce or require performance of any provision
hereof

                                      -42-
<PAGE>
shall operate as a waiver of or affect in any manner that party's right at a
later time to enforce or require performance of that provision or any other
provision hereof. No such waiver, unless by its own terms it explicitly
provides to the contrary, shall be construed to effect a continuing waiver of
the provision being waived, and no such waiver in any instance shall constitute
a waiver in any other instance or for any other purpose or impair the right of
the party against whom that waiver is claimed in all other instances or for all
other purposes to require full compliance.

          Section 13.3     Modifications. Except as otherwise expressly provided
in this Agreement, neither this Agreement (including the exhibits and schedules
hereto) nor any term hereof or thereof may be changed, amended, modified,
waived, discharged or terminated except to the extent the same is evidenced by
the written consent of the party against whom enforcement of that change or
modification is sought.

          Section 13.4     Further Assurances. Each party agrees to execute all
further instruments and documents and to take all additional actions as any
other party may reasonably require in order to effectuate the terms and purposes
of this Agreement and the transactions contemplated hereby.

          Section 13.5     Governing Law; Consent to Jurisdiction. This
Agreement shall be construed under and governed by Georgia law, without giving
effect to the choice or conflicts of law provisions thereof. Each of WTC, WTI
and Balentine hereby agrees to submit to the jurisdiction of the courts of the
State of Georgia and the courts of the United States of America located in the
Northern District in the State of Georgia in any action or proceeding arising
out of or relating to this Agreement. Each of the Principals and Balentine
hereby agrees to submit to the jurisdiction of the courts of the State of
Delaware and to the courts of the United States of America located in Delaware
in any action or proceeding arising out of or relating to this Agreement.

          Section 13.6     Notices.

                  a.       All notices, requests, demands and other
communications required or permitted under this Agreement shall be in writing
and sent as provided in Section 13.6(b) hereof:

                  (1)      If to Merger Subsidiary, WTI or WTC to:

                           WT Investments, Inc.
                           Rodney Square North
                           1100 North Market Street
                           Wilmington, DE 19890

                           Attention:       David R. Gibson,
                                            Senior Vice President

                           with a copy to:

                           WT Investments, Inc.
                           Rodney Square North
                           1100 North Market Street
                           Wilmington, DE 19890

                                      -43-
<PAGE>
                           Attention:       Gerard A. Chamberlain, Esq.
                                            Vice President

                  (2)      If to Balentine, to:

                           Balentine Holdings, Inc.
                           3455 Peachtree Road
                           Suite 2000
                           Atlanta, GA 30326

                           Attention:       Robert M. Balentine

                           with a copy to:

                           Alston & Bird LLP
                           One Atlantic Center
                           1201 West Peachtree Street
                           Atlanta, GA 30309
                           Attention:       B. Harvey Hill, Jr.

                  (3)      If to the Principals, to

                           c/o Balentine Holdings, Inc.
                           3455 Peachtree Road
                           Suite 2000
                           Atlanta, GA 30326
                           with a copy to:

                           Alston & Bird LLP
                           One Atlantic Center
                           1201 West Peachtree Street
                           Atlanta, GA 30309

                           Attention:       B. Harvey Hill, Jr.

                  b.       All Notices and other communications required or
permitted hereunder that are addressed as provided in this Section 13.6, (1) if
delivered personally against proper receipt shall be effective upon delivery and
(2) if sent (A) by certified or registered mail with postage prepaid or (B) by
Federal Express or similar courier service with courier fees paid by the sender,
shall be effective upon receipt. A party may change its address for the purpose
of notices to that party from time to time by a similar notice specifying a new
address, but no such change shall be deemed to have been given unless it is sent
and received in accordance with this Section 13.6.

          Section 13.7     Assignability. Neither this Agreement nor any rights
or obligations hereunder shall be assignable by any party to any other Person
without the prior written consent of the other parties, except that each of WTI
and/or WTC may, with notice to the other parties, assign

                                      -44-
<PAGE>
any or all of its interests in this Agreement and its rights and obligations
hereunder to WTC or any Person directly or indirectly wholly owned by WTC,
provided in every instance WTC shall remain fully liable for all of the
obligations of WTC, WTI or Merger Subsidiary hereunder and under the
Transactions Documents following any such assignment and shall in no way be
released from this Agreement and the other Transaction Documents. This
Agreement shall be binding upon, enforceable by and inure to the benefit of the
parties hereto and their respective successors and permitted assigns.

          Section 13.8     Captions. The captions in this Agreement are for
convenience only and shall not affect the construction or interpretation of any
term or provision hereof.

          Section 13.9     Number and Gender. Whenever used herein, the singular
number shall include the plural, the plural shall include the singular unless
the context otherwise requires and the use of any gender shall include all
genders.

          Section 13.10    Severability. The invalidity or unenforceability of
any nonmaterial provision of this Agreement shall not affect the other
provisions hereof, and this Agreement shall be construed in all respects by
interpreting that invalid or unenforceable provision as nearly to the original
meaning as possible so as to make it valid and enforceable or, if that is not
possible or permitted by applicable law, by omitting that invalid or
unenforceable provision.

          Section 13.11    Counterparts. This Agreement may be executed 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.

          Section 13.12    No Third-Party Beneficiaries. Except as otherwise
provided in Article 11, no Person who is not a party to this Agreement shall be
entitled to any rights or benefits hereunder.

          Section 13.13    Remedies for Section 8.2. Each Receiving Party
acknowledges that any breach or attempted breach by such party of the provisions
of Section 8.2 will cause irreparable harm to the Disclosing Party, for which
monetary damages will not be an adequate remedy. Accordingly, each Disclosing
Party shall be entitled to apply for and obtain injunctive relief (temporary,
preliminary and permanent) to restrain the breach or threatened breach by a
Receiving Party of, or otherwise to specifically enforce, any provision of
Section 8.2, without the requirement to post a bond or provide other security.
Nothing herein shall be construed as a limitation or waiver of any other right
or remedy that may be available to the Disclosing Party for that breach or
threatened breach. For emergency relief (including temporary and preliminary
injunctive relief), an application may be made in any court of competent
jurisdiction. Each Receiving Party further agrees that the subject matter and
duration of the restrictions covered in Section 8.2 are reasonable in light of
the facts as they exist today.

          Section 13.14    Integration. This Agreement (as it may be amended
from time to time) and the exhibits and schedule hereto constitute the entire
agreement among the parties hereto with respect to the subject matter hereof,
and supersede all prior agreements and understandings, oral or written, express
or implied, with respect thereto.

                                      -45-
<PAGE>
          Section 13.15    Principals' Representative. Each Principal has
appointed Robert M. Balentine as his or its representative, agent, and
attorney-in-fact ("Principals' Representative") pursuant to an agreement in the
form of Exhibit 13.15 ("Principals' Representative Agreement") and has provided
to the Principals' Representative the full legal authority, capacity, and power
to act on behalf of such Principal with respect to any matters arising under
this Agreement or in connection therewith. Merger Subsidiary, WTI and WTC shall
be entitled to rely, and shall in no way be liable for relying, on the full
legal authority, capacity, and power of Robert M. Balentine to act on behalf of
each Principal with respect to any matters arising under this Agreement or in
connection therewith without further inquiry, and each Principal shall hold each
of Merger Subsidiary, WTI and WTC harmless from any liability or loss arising
out of the reliance by any of them on that power-of-attorney. If the Principals,
by Majority Vote, provide WTI, WTC and their Permitted Transferees and
Affiliates with 30 days' notice that Robert has been terminated as Principals'
Representative, WTI, WTC and their Permitted Transferees and Affiliates shall
cease to rely on Robert as Principals' Representative and shall rely on any
successor Principals' Representative who such Principals so designate as the new
"Principals' Representative." The term "Majority Vote" has the meaning assigned
to such term in the LLC Agreement.

                                      -46-
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.

                                BALENTINE HOLDINGS, INC.

                                By: /s/  Robert M. Balentine, Jr.
                                    -----------------------------------------
                                     Name:  Robert M. Balentine, Jr.
                                     Title: Chief Executive Officer
                                     Address:  3455 Peachtree Road
                                     Suite 2000
                                     Atlanta, Georgia 30326

                                Robert M. Balentine,Jr.                 (SEAL)
                                ---------------------------------------
                                ROBERT M. BALENTINE
                                Address:  3015 Andrews Drive
                                Atlanta, GA 30305

                                /s/ B. Clayton Rolader                  (SEAL)
                                ---------------------------------------
                                B. CLAYTON ROLADER
                                Address:  5050 Riverview Road
                                Atlanta, GA 30327

                                /s/  Jeffrey P. Adams                   (SEAL)
                                ---------------------------------------
                                JEFFREY P. ADAMS
                                Address:  901 Hawick Drive
                                Atlanta, GA 30327

                                /s/ Robert E. Reiser, Jr.               (SEAL)
                                ---------------------------------------
                                ROBERT E. REISER, JR.
                                Address: 304 The Prado
                                Atlanta, GA 30309

                                /s/ Gary B. Martin                      (SEAL)
                                ---------------------------------------
                                GARY B. MARTIN
                                Address:  116 Peachtree Battle Avenue
                                Atlanta, GA 30305

                                /s/  Wesley A. French                   (SEAL)
                                ---------------------------------------
                                WESLEY A. FRENCH
                                Address:  3283 Wood Valley Road
                                Atlanta, GA 30327

                                /s/ Michael E. Wolf                     (SEAL)
                                ---------------------------------------

                                      -47-
<PAGE>
                                MICHAEL E. WOLF
                                Address:  2028 Kinderton Manor Drive
                                Duluth, GA 30097

                                THE 1999 BALENTINE FAMILY TRUST

                                /s/ Jeffrey P. Adams
                                ---------------------------------------
                                    Name:  Jeffrey P. Adams
                                    Title: Trustee
                                    Address:  3455 Peachtree Road
                                    Suite 2000
                                    Atlanta, GA 30326

                                THE ROBERT M. BALENTINE INSURANCE TRUST

                                By: /s/  Lillian A. Balentine Law
                                ---------------------------------------
                                    Name:  Lillian A. Balentine Law
                                    Title: Trustee
                                    Address:  c/o Lillian A. Balentine Law
                                    47 28th Street, NW
                                    Atlanta, GA 30309

                                WTC MERGER SUBSIDIARY, INC.

                                By: /s/  David R. Gibson
                                ---------------------------------------
                                    Name:  David R. Gibson,
                                    Title:  Senior Vice President
                                    Address:  Rodney Square North
                                    1100 North Market Street
                                    Wilmington, DE 19890

                                WT INVESTMENTS, INC.

                                By: /s/  David R. Gibson
                                ---------------------------------------
                                    Name:  David R. Gibson,
                                    Title:  Senior Vice President
                                    Address:  Rodney Square North
                                    1100 North Market Street
                                    Wilmington, DE 19890

                                WILMINGTON TRUST CORPORATION

                                By: /s/  David R. Gibson
                                ---------------------------------------
                                    Name:  David R. Gibson,
                                    Title:  Senior Vice President
                                    Address:  Rodney Square North

                                      -48-
<PAGE>
                                    1100 North Market Street
                                    Wilmington, DE 19890

                                      -49-<PAGE>

                                          CERTAIN INFORMATION IN THIS EXHIBIT
                                          HAS BEEN OMITTED AND FILED SEPARATELY
                                          WITH THE SECURITIES AND EXCHANGE
                                          COMMISSION PURSUANT TO A REQUEST FOR
                                          CONFIDENTIAL TREATMENT FILED WITH THE
                                          SEC AND IS MARKED BY AN ASTERISK [*]

           AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF
                     BALENTINE DELAWARE HOLDING COMPANY, LLC

                                  EXHIBIT 10.52
<PAGE>

                                          CERTAIN INFORMATION IN THIS EXHIBIT
                                          HAS BEEN OMITTED AND FILED SEPARATELY
                                          WITH THE SECURITIES AND EXCHANGE
                                          COMMISSION PURSUANT TO A REQUEST FOR
                                          CONFIDENTIAL TREATMENT FILED WITH THE
                                          SEC AND IS MARKED BY AN ASTERISK [*]

-------------------------------------------------------------------------------

                              AMENDED AND RESTATED

                       LIMITED LIABILITY COMPANY AGREEMENT

                                       OF

                     BALENTINE DELAWARE HOLDING COMPANY, LLC
-------------------------------------------------------------------------------
<PAGE>
                                TABLE OF CONTENTS

<TABLE>
                                                                                                             Page
<S>                                                                                                          <C>
ARTICLE 1 DEFINED TERMS....................................................................................   2

ARTICLE 2 GENERAL PROVISIONS...............................................................................  14
     Section 2.1.      Formation, Name and Continuation....................................................  14
     Section 2.2.      Term................................................................................  14
     Section 2.3.      Registered Agent and Office; Principal Place of Business............................  14
     Section 2.4.      Fiscal Year.........................................................................  15

ARTICLE 3 PURPOSE AND POWERS OF THE LLC....................................................................  15
     Section 3.1.      Purpose.............................................................................  15
     Section 3.2.      Powers of the LLC...................................................................  15

ARTICLE 4 MEMBERS..........................................................................................  15
     Section 4.1.      Voting..............................................................................  15
     Section 4.2.      Meetings of Members.................................................................  15
     Section 4.3.      Quorum..............................................................................  16
     Section 4.4.      Action by Consent...................................................................  16
     Section 4.5.      Telephonic Meetings.................................................................  16
     Section 4.6.      Non-Voting Members..................................................................  16

ARTICLE 5 MANAGERS AND OFFICERS............................................................................  16
     Section 5.1.      Managers............................................................................  16
     Section 5.2.      Designated Managers.................................................................  17
     Section 5.3.      Resignation or Removal of a Manager.................................................  17
     Section 5.4.      Vacancies...........................................................................  17
     Section 5.5.      Meetings............................................................................  17
     Section 5.6.      Quorum..............................................................................  18
     Section 5.7.      Action By Consent...................................................................  18
     Section 5.8.      Telephonic Meetings.................................................................  18
     Section 5.9.      Managers as Agents; Limitation on Power of Members..................................  18
     Section 5.10.     Duty of Managers....................................................................  18
     Section 5.11.     Approval of Annual Budget...........................................................  18
     Section 5.12.     Officers ...........................................................................  18
     Section 5.13.     Powers of the Board; Powers of Officers.............................................  19
     Section 5.14.     Reimbursement.......................................................................  21

ARTICLE 6 CAPITAL CONTRIBUTIONS, CAPITAL ACCOUNTS, DISTRIBUTIONS AND ALLOCATIONS...........................  21
     Section 6.1.      Capital Contributions...............................................................  21
     Section 6.2.      Capital Accounts....................................................................  22
     Section 6.3.      Distributions of Cash...............................................................  22
</TABLE>

                                      ii
<PAGE>
<TABLE>
<S>                    <C>                                                                                   <C>
     Section 6.4.      Allocations of Profits and Losses for Tax Purposes..................................  23
     Section 6.5.      Special Allocations.................................................................  24
     Section 6.6.      Allocations under Code Section 704(c)...............................................  24
     Section 6.7.      Transfer of LLC Interests...........................................................  24

ARTICLE 7 TRANSFER OF LLC INTERESTS, PUT AND CALL OPTIONS, CHANGE OF CONTROL AND ADMISSION OF
ADDITIONAL MEMBERS.........................................................................................  25
     Section 7.1.      Assignability of Interests..........................................................  25
     Section 7.2.      Put Options.........................................................................  25
     Section 7.3.      Call Options........................................................................  27
     Section 7.4.      Right of First Refusal..............................................................  31
     Section 7.5.      Change of Control...................................................................  33
     Section 7.6.      Substitute Members..................................................................  33
     Section 7.7.      Recognition of Transfer by LLC......................................................  34
     Section 7.8.      Order of Puts and Calls and Right of First Refusal..................................  34
     Section 7.9.      Indemnification.....................................................................  34
     Section 7.10.     Issuance of Additional LLC Interests................................................  34
     Section 7.11.     Assignment of Balentine's Rights and Obligations....................................  35
     Section 7.12.     Guarantee of Performance............................................................  35

ARTICLE 8 BOOKS AND RECORDS................................................................................  35
     Section 8.1.      Books, Records and Financial Statements.............................................  35
     Section 8.2.      Accounting Method...................................................................  35
     Section 8.3.      LLC's Independent Accounting Firm...................................................  36

ARTICLE 9 TAX MATTERS......................................................................................  36
     Section 9.1.      Tax Matters Member..................................................................  36
     Section 9.2.      Right to Make Tax Elections; Tax Classification.....................................  36

ARTICLE 10 LIABILITY, EXCULPATION AND INDEMNIFICATION......................................................  37
     Section 10.1.     Liability...........................................................................  37
     Section 10.2.     Exculpation.........................................................................  37
     Section 10.3.     Indemnification.....................................................................  38
     Section 10.4.     Expenses ...........................................................................  38

ARTICLE 11 NON-COMPETITION; CONFIDENTIALITY................................................................  38
     Section 11.1.     Confidential Information............................................................  38
     Section 11.2.     Non-Competition.....................................................................  40
     Section 11.3.     Non-Solicitation....................................................................  41
     Section 11.4.     Use of Performance Information......................................................  42
     Section 11.5.     Specific Performance................................................................  42

ARTICLE 12 CERTAIN COVENANTS...............................................................................  43
     Section 12.1.     Compliance with Laws; Maintenance...................................................  43
     Section 12.2.     Business Agreements.................................................................  43
</TABLE>

                                      iii
<PAGE>
<TABLE>
<S>                    <C>                                                                                   <C>
ARTICLE 13 DISSOLUTION, LIQUIDATION AND TERMINATION........................................................  45
     Section 13.1.     No Dissolution......................................................................  45
     Section 13.2.     Events Causing Dissolution..........................................................  45
     Section 13.3.     Notice of Dissolution...............................................................  46
     Section 13.4.     Liquidation.........................................................................  46
     Section 13.5.     Termination.........................................................................  46
     Section 13.6.     Claims of the Members...............................................................  46

ARTICLE 14 REPRESENTATIONS AND WARRANTIES..................................................................  47
     Section 14.1.     Representations and Warranties of Natural Person Principals.........................  47
     Section 14.2.     Representations and Warranties of Balentine, WTI and WTC............................  47
     Section 14.3.     Representations and Warranties of the Family Trust and the Insurance Trust..........  48
     Section 14.4.     Representations and Warranties of All Members.......................................  48

ARTICLE 15 MISCELLANEOUS...................................................................................  48
     Section 15.1.     Amendments..........................................................................  49
     Section 15.2.     Power of Attorney and Other Authorizations..........................................  49
     Section 15.3.     Notices.............................................................................  49
     Section 15.4.     Waivers.............................................................................  51
     Section 15.5.     Binding Effect......................................................................  51
     Section 15.6.     Severability........................................................................  51
     Section 15.7.     Counterparts........................................................................  52
     Section 15.8.     Governing Law.......................................................................  52
     Section 15.9.     Captions............................................................................  52
     Section 15.10.    Gender..............................................................................  52
     Section 15.11.    Third Party Beneficiaries...........................................................  52
     Section 15.12.    Remedies Cumulative.................................................................  52
     Section 15.13.    Integration.........................................................................  52
</TABLE>

                                      iv
<PAGE>
                              AMENDED AND RESTATED
                       LIMITED LIABILITY COMPANY AGREEMENT
                                       OF
                     BALENTINE DELAWARE HOLDING COMPANY, LLC

         This Amended and Restated Limited Liability Company Agreement (the
"Agreement") of Balentine Delaware Holding Company, LLC (the "LLC") is made as
of January 2, 2002, among Balentine Holdings, Inc., a Georgia corporation
("Balentine"), WT Investments, Inc., a Delaware corporation ("WTI"), Wilmington
Trust Corporation, a Delaware corporation ("WTC"), Robert M. Balentine
("Robert"), B. Clayton Rolader ("Rolader"), Jeffrey P. Adams ("Adams"), Robert
E. Reiser, Jr. ("Reiser"), Gary B. Martin ("Martin"), Wesley A. French
("French"), Michael E. Wolf ("Wolf"), The 1999 Balentine Family Trust (the
"Family Trust") and The Robert M. Balentine Insurance Trust (the "Insurance
Trust") (Robert, Rolader, Adams, Reiser, Martin, French, Wolf, the Family Trust,
the Insurance Trust and other employees of the LLC subsequently admitted to the
LLC as members in accordance herewith hereinafter are sometimes collectively
referred to as the "Principals"). This Agreement amends and restates in its
entirety the LLC's Operating Agreement dated as of October 23, 2001 (the
"Original LLC Agreement"), executed by Balentine and, pursuant to certain
Joinder Agreements dated as of January 2, 2002, by the Principals (collectively,
the "Second LLC Agreement").

                                   BACKGROUND

         A. Immediately prior to the Merger (as hereinafter defined), the
Principals owned all of the outstanding shares of capital stock in Balentine.

         B. Immediately prior to the Merger, Balentine owned all of the issued
and outstanding shares of capital stock of Balentine & Company, a Georgia
corporation ("BC"), all of the limited liability company interests of Balentine
General Partner, LLC, a Georgia limited liability company ("GP"), and 47.2% of
the limited liability company interests in Balentine & Company of Tennessee,
L.L.C. ("BCT").

         C. The LLC has heretofore been formed as a limited liability company
under the Delaware Limited Liability Company Act, 6 Del. C.[sec][sec] 18-101 et
seq., as amended from time to time (the "Delaware Act"), by filing a Certificate
of Formation of the LLC with the Office of the Secretary of State of Delaware on
October 18, 2001 (the "Certificate").

         D. Immediately before the events described in Recital E below, BC was
converted into a Georgia limited liability company.

         E. Pursuant to a Contribution Agreement dated January 2, 2002,
Balentine, immediately before the Merger, contributed all of its assets to the
LLC (which assumed all of Balentine's liabilities) (the value of such assets net
of such liabilities being $[*] (the "Initial Capital Contribution"), in
exchange for which the LLC issued a 100% capital interest and 100% profits
interest to Balentine, and executed the Original LLC Agreement. Immediately
after the foregoing contribution and before the Merger, Balentine distributed to
the Principals, as its shareholders, an aggregate 20% profits interest and a
partially subordinated capital interest in the LLC (collectively valued at
$[*]), retaining the remaining capital interest and an 80% profits interest
therein (the "Distribution"), and the LLC and the Principals executed the
Joinder

* CONFIDENTIAL TREATMENT REQUESTED
<PAGE>
Agreements, constituting, together with the Original LLC Agreement, the
Second LLC Agreement.

         F. WTC Merger Subsidiary, Inc., a wholly owned subsidiary of WTC
("Merger Subsidiary"), has heretofore been formed as a corporation under the
Delaware General Corporation Law, 8 Del. C.[sec][sec] 101 et seq., by filing a
Certificate of Incorporation of Merger Subsidiary with the Office of the
Secretary of State of Delaware on October 17, 2001.

         G. Subject to the terms and conditions of the Merger Agreement dated
October 23, 2001, WTC and the Principals effected the merger of Merger
Subsidiary with and into Balentine (the "Merger"), with Balentine surviving the
Merger.

         H. Immediately following the Merger, WTC contributed all of the
outstanding shares of capital stock of Balentine to WTI.

         I. WTC is entering into this Agreement solely for the purpose of
guaranteeing the performance of Balentine hereunder pursuant to Section 7.12 and
committing to the undertakings in Section 12.2.

         J. The parties desire to amend and restate the Original LLC Agreement
in its entirety and to operate the LLC as a limited liability company under the
Delaware Act on the terms and conditions herein.

         NOW, THEREFORE, in consideration of the foregoing, the mutual covenants
contained herein and other good and valuable consideration, the receipt and
sufficiency of which hereby are acknowledged, the parties hereto, intending to
be legally bound hereby, agree as follows:

                                    ARTICLE 1
                                  DEFINED TERMS

         Unless the context otherwise requires, the terms defined in this
Article 1 shall, for the purposes hereof, have the following meanings:

         a.    "Accounting Period" means each Fiscal Year and each other
period (1) beginning on the first Business Day following a Business Day on which
a Member (i) is admitted to the LLC, (ii) completely withdraws from the LLC,
(iii) makes a capital contribution to the LLC, (iv) withdraws a portion of its
Capital Account balance, or (v) increases or decreases his or her Membership
Points and (2) ending on the earliest thereafter to occur of December 31 or a
Business Day on which any of the events in clauses (i)-(v) above occurs.

         b.    "Affiliate" means, with respect to any Person: (1) any other
Person directly or indirectly owning, controlling or holding with the power to
vote 25% or more of the outstanding voting securities of that Person; (2) any
Person directly or indirectly controlling,

                                     -2-
<PAGE>
controlled by or under common control with that Person; (3) any officer,
director or partner of that Person; and (4) if the Person is an officer,
director or partner, any company for which that Person acts in that capacity.
The term "control" means the possession, directly or indirectly, of the power,
whether or not exercised, to direct or cause the direction or management or
policies of any Person, whether through ownership of voting securities or
otherwise.

         c.    "Balentine Entities" means the LLC, BC, GP, and BCT and any
Subsidiary (present or future), and the term "Balentine Entity" shall mean any
one of the foregoing Balentine Entities.

         d.    "Base Run Rate" means $[*].

         e.    "Base Valuation" means the Base Run Rate multiplied by [*],
or [*].

         f.    "BCT" means Balentine & Company of Tennessee, L.L.C., a Tennessee
limited liability company.

         g.    "BCT Agreement" means the agreement dated January 2, 2002 between
WTC and the non-Balentine members of BCT with respect to their right to put
their limited liability company interests in BCT to WTC.

         h.    "Board" means the LLC's Board of Managers selected in accordance
with, and with the power and authority set forth in, Article 5.

         i.    "Business Day" means a day WTC is open for business.

         j.    "Call" has the meaning assigned to such term in Section 7.3(a).

         k.    "Call Notice" has the meaning assigned to such term in Section
7.3(a).

         l.    "Capital Account" means, with respect to any Member, the Capital
Account established and maintained for that Member on the LLC's books in
accordance with Section 1.704-1(b)(2)(iv) of the Treasury Regulations.

         m.    "Capital Deduction Amount" means, with respect to the aggregate
LLC Interests and associated Membership Points issued on the date hereof to the
Principals, $4,418,000; and with respect to LLC Interests and associated
Membership Points issued subsequently, an amount determined by the Board.

         n.    "Carrying Value" means, with respect to any asset, the asset's
adjusted basis for federal income tax purposes, except as follows:

               (1) The initial Carrying Value of an asset a Member contributes
         to the LLC shall be the Fair Market Value of that asset, as determined
         by the contributing Member and the Board;

* CONFIDENTIAL TREATMENT REQUESTED

                                     -3-
<PAGE>
               (2) The Carrying Value of all of the LLC's assets shall be
         adjusted to equal their respective Fair Market Values, as determined by
         the Board, as of the following times: (a) the acquisition of an
         additional LLC Interest by any new or existing Member in exchange for a
         capital contribution; (b) the distribution by the LLC to a Member of
         property as consideration for an LLC Interest; and (c) the liquidation
         of the LLC within the meaning of Section 1.704-(b)(2)(ii)(g) of the
         Treasury Regulations; provided that adjustments pursuant to clauses (a)
         and (b) above shall be made only if the Board reasonably determines
         that those adjustments are necessary or appropriate to reflect the
         relative economic interests of the Members in the LLC;

               (3) The Carrying Value of any asset the LLC distributes to any
         Member shall be the Fair Market Value of that asset on the date of
         distribution; and

               (4) The Carrying Value of the LLC's assets shall be increased or
         decreased to reflect any adjustments to the adjusted bases of those
         assets pursuant to Code Section 734(b) or Code Section 743(b), but only
         (a) if an election under Code Section 754 is in effect and (b) to the
         extent those adjustments are taken into account in determining Capital
         Accounts pursuant to Section 1.704-1(b)(2)(iv)(m) of the Treasury
         Regulations; provided that Carrying Values shall not be adjusted
         pursuant to this clause (4) to the extent the Board determines that an
         adjustment pursuant to clause (2) hereof is necessary or appropriate in
         connection with a transaction that would otherwise result in an
         adjustment pursuant to this clause (4). If the Carrying Value of an
         asset has been determined or adjusted pursuant to clause (1), (2) or
         (4) hereof, that Carrying Value shall thereafter be adjusted by the
         Depreciation taken into account with respect to those assets for
         purposes of computing Profits and Losses.

               o.    "Cause," with respect to a Person, means:

               (1) A breach (other than one that is inadvertent) of any
         provision of Article 11 hereof, provided that such Person has received
         notice of such breach by the Board and, if curable, has been given the
         opportunity to cure such breach and has not cured it within five days
         of receiving notice;

               (2) The willful and continued failure of a Person to perform
         substantially such Person's duties with the LLC (other than any such
         failure resulting from incapacity due to physical or mental illness),
         for a period of five days after a written demand for substantial
         performance is delivered to such Person by the Board which specifically
         identifies the manner in which the Board believes that such Person has
         not substantially performed such Person's duties;

               (3) The engaging by a Person in illegal conduct, dishonest
         conduct, conduct that is a breach of such Person's fiduciary duty, or
         gross misconduct, in each instance where the conduct or misconduct is
         materially injurious to the LLC or one of its Subsidiaries; or

                                     -4-
<PAGE>
               (4) Any disqualification, suspension or revocation of any
         applicable registration or license of a Person as a result of a final,
         non-appealable proceeding by the U.S. Securities and Exchange
         Commission, any state securities commission, or any self-regulatory
         authority or court with jurisdiction over the LLC that would materially
         limit (a) the performance of any duties by such Person or (b) the
         ability of the LLC or any of its Affiliates to perform its business or
         contemplated business.

         Within ten business days after a Person's termination for Cause, there
shall be delivered to such Person a copy of a resolution duly adopted by the
affirmative vote of a majority of all of the members of the Board at a meeting
of the Board called and held for such purpose, finding that, in the good faith
opinion of the Board, such Person is guilty of the conduct described in
subparagraph (1), (2) or (3) above, and specifying the particulars thereof in
detail.

         p.    "Change of Control" means (1) the acquisition by any Person or
group of Persons of beneficial ownership (as that term is defined in Rule 13d-3
promulgated under the Exchange Act), directly or indirectly, of 25% or more of
the outstanding capital stock of WTI or its parent, WTC, entitled to vote for
the election of directors ("WTC Voting Shares"); (2) the acquisition by any
Person or any group of Persons (other than WTC, WTI or any of their Affiliates)
of 50% or more of the Membership Points in the LLC owned by WTC, WTI or any of
their Affiliates immediately prior to such acquisition; (3) the merger or
consolidation of WTI or WTC with one or more other Persons as a result of which
the holders of the outstanding WTC Voting Shares of WTI or WTC, as the case may
be, immediately before the merger or consolidation hold less than 50% of the WTC
Voting Shares of the surviving or resulting Person; (4) the merger or
consolidation of the LLC with one or more other Persons (other than WTI, WTC or
one of more of their Affiliates) as a result of which the holders of the
outstanding Membership Points immediately before the merger or consolidation
hold less than 50% of the total outstanding Membership Points (or equivalent) of
the surviving or resulting Person; (5) the transfer of all or substantially all
of WTI's, WTC's or the LLC's assets, other than to an Affiliate of WTI or WTC;
or (6) a proxy contest for the election of directors of WTC that results in
Persons constituting the Board of Directors of WTC immediately before the
initiation of that proxy contest ceasing to be a majority of the Board of
Directors of WTC upon the conclusion of that proxy contest; provided that
neither (x) any transfer of the capital stock or assets of WTI or WTC to, or the
merger or consolidation of WTI or WTC with or into, (A) an entity that both
prior to and also after that transfer, merger or consolidation had been and will
be consolidated with WTI or WTC for federal income tax purposes or (B) any newly
formed, wholly owned subsidiary of WTI or WTC that will be consolidated with WTI
or WTC for federal income tax purposes, nor (y) a transfer of LLC Interests by
one or more Principals to one or more Permitted Transferees shall be deemed to
be a Change of Control for purposes hereof. For the avoidance of doubt, the
acquisition of 50% of the voting equity of any Affiliate of WTC (other than by
WTC, WTI or any of their Affiliates) that has any direct or indirect ownership
of the LLC shall be deemed to be an indirect acquisition of the Membership
Points (or equivalent) of the LLC.

         q.    "Client" means, at any time, any Person who is at that time a
customer or client of the LLC or a Subsidiary (either directly or by
participating as a partner, member,

                                     -5-
<PAGE>
shareholder or other equity holder of an Existing Fund or an investment
vehicle to which the LLC or a Subsidiary provides investment advice or
investment management or administrative services).

         r.    "Closing" has the meaning assigned to it in the Merger Agreement.

         s.    "Code" means the Internal Revenue Code of 1986, as amended from
time to time, or any corresponding federal tax statute enacted hereafter. A
reference to a specific section of the Code refers to that section as well as
any corresponding provision of any federal tax statute enacted hereafter, as
that section is in effect on the date of application of the provisions hereof
containing that reference.

         t.    "Compensation Plan" means, with respect to each Principal, the
compensation plan set forth on Schedule 1 to the Employment Agreement of such
Principal dated as of the date hereof.

         u.    "Confidential Information" has the meaning assigned to such term
in Section 11.1(b).

         v.    "Depreciation" means, for each Fiscal Year or other period, an
amount equal to the depreciation, amortization or other cost recovery deduction
allowable with respect to an asset for that Fiscal Year or other period, except
that, if the Carrying Value of an asset differs from its adjusted basis for
federal income tax purposes at the beginning of that Fiscal Year or other
period, Depreciation shall be an amount that bears the same ratio to that
beginning Carrying Value as the federal income tax depreciation, amortization or
other cost recovery deduction for that Fiscal Year or other period bears to that
beginning adjusted tax basis; provided that, if the federal income tax
depreciation, amortization or other cost recovery deduction for that year is
zero, Depreciation shall be determined with reference to that beginning Carrying
Value using any reasonable method the Board selects.

         w.    "Disability" has the meaning set forth in a policy or policies of
disability insurance, if any, the LLC obtains for the benefit of itself and/or
its employees. If there is no definition of "disability" applicable under any
such policy or policies, then a Person shall be considered "Disabled" upon the
first to occur of: (1) such Person's being adjudged incompetent by a court of
competent jurisdiction; (2) such Person's being determined to be physically or
mentally incapable of performing the essential functions of his job for a period
of 180 days in any 12-month period, in the opinion of a licensed medical doctor
acceptable to the LLC; or (3) such Person's being certified as permanently
disabled under the provisions of the Social Security Act, as amended from time
to time.

         x.    "Election Period" has the meaning assigned to such term in
Section 7.4(a).

         y.    "Employment Agreement" means an employment agreement between the
LLC and a Principal (other than the Family Trust or the Insurance Trust) as in
effect from time to time.

                                     -6-
<PAGE>
         z.    "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

         aa.   "Existing Debt" means the existing indebtedness of certain of the
Principals to Colonial Bank for leasehold improvements for Balentine in the
current principal amount of $[*] with the final scheduled installment due April
2008.

         bb.   "Existing Fund" means any one of Balentine U.S. Small Cap Equity
Fund, L.P., Balentine U.S. Small Cap Equity Fund Select, L.P., Balentine U.S.
Mid Cap Equity Fund, L.P., Balentine U.S. Mid Cap Equity Fund Select, L.P.,
Balentine U.S. Large Cap Equity Fund, L.P., Balentine U.S. Large Cap Equity Fund
Select, L.P., Balentine International Equity Fund, L.P., Balentine International
Equity Fund Select, L.P., Balentine Hedge Fund, L.P., Balentine Hedge Fund
Select, L.P. and/or Griffin Arbitrage, L.P., and "Existing Funds" means all of
such funds collectively.

         cc.   "Fair Market Value" means the amount for which an asset could be
sold in an arms'-length transaction by one who desires to sell, but is not under
any urgent requirement to sell, to a buyer who desires to buy, but is under no
urgent necessity to buy, when both have a reasonable knowledge of the facts.

         dd.   "Family" means any member of a Person's immediate family, as
defined in Rule 16a-1 of the Exchange Act, and all aunts, uncles, nieces,
nephews and first and second cousins of that Person.

         ee.   "Final Election Period" has the meaning assigned to such term in
Section 7.4(a).

         ff.   "First Refusal Notice" has the meaning assigned to such term in
Section 7.2(d).

         gg.   "Fiscal Year" has the meaning assigned to such term in Section
2.4.

         hh.   "Free Cash Flow" means, for any Accounting Period, (1) the
Profits (determined without deduction of any Depreciation) for such period,
excluding Profits resulting from or in connection with any Realization Event,
plus (2) all principal repayments that the LLC or its Subsidiaries received
during such period on the aggregate debt (including any Stockholder Notes) owed
thereto as of the date hereof by certain Principals, unless otherwise consented
to in writing by the Principals holding a majority of the Principals' Membership
Points, less (3) all distributions during such period pursuant to Section
6.3(b). In no event shall Free Cash Flow for any Accounting Period be less than
the LLC's consolidated revenues for such period (excluding cash generated by or
in connection with any Realization Event) plus cash previously set aside as
reserves for contingencies, working capital, debt service, taxes, insurance
and/or other costs and expenses in connection with the LLC's business that the
Board reasonably determines in good faith is no longer needed for the LLC's
business, less the sum of (A) all cash expenditures the LLC made during such
period (including operating expenses, principal and interest payments on

* CONFIDENTIAL TREATMENT REQUESTED

                                     -7-
<PAGE>
any indebtedness of the LLC and lease payments on capitalized leases) and (B)
funds the Board has reasonably determined in good faith to set aside during such
period as such reserves.

         ii.   "GAAP" means U.S. generally accepted accounting principles
consistently applied with prior periods.

         jj.   "Good Reason" means, with respect to any Principal employed by
the LLC:

               (1) a reduction by the LLC in such Principal's salary as the
         foregoing is in effect on the date hereof or as the same may be
         increased from time to time;

               (2) a material adverse change in, or the failure by the LLC to
         continue in effect, any compensation plan (other than salary) in which
         such Principal participates unless an equitable arrangement (embodied
         in an ongoing substitute or alternative plan) has been made with
         respect to such plan;

               (3) the LLC's requiring such Principal, without his consent, to
         be based at any office or location other than in the Atlanta, Georgia
         Metropolitan Statistical Area, or, if such Principal was employed by BC
         immediately prior to the date hereof, to travel primarily for purposes
         unrelated to developing or maintaining new or existing business
         relationships for the LLC and/or its Subsidiaries to a substantially
         greater extent than required immediately prior to the date hereof;

               (4) without the written consent of a Person, the assignment to
         such Person of duties inconsistent in any material respect with such
         Person's position, authority, duties or responsibilities as in effect
         on the effective date of such Person's employment by the LLC, or any
         other action by the LLC, which assignment, in each instance, results in
         a material diminution in such position, authority, duties or
         responsibilities; or

               (5) the material breach by the LLC of any provision of such
         Principal's Employment Agreement.

         Good Reason shall not include a Principal's death or Disability. Such
Person's continued employment shall not constitute consent to, or a waiver of
rights with respect to, any circumstance constituting Good Reason hereunder. The
LLC shall have an opportunity to cure any claimed event of Good Reason within 30
days of notice from the Principal.

         kk.   "Liquidating Trustee" has the meaning assigned to such term in
Section 13.3.

         ll.   "LLC Interest" means a beneficial interest in the LLC, consisting
of an interest in Profits (i.e., an interest representing a claim to a portion
of (a) Profits earned by the LLC after issuance of such LLC Interest, (b) Free
Cash Flow thereafter, and (c) under certain circumstances, distributions on the
LLC's liquidation, all based on the interestholder's

                                     -8-
<PAGE>
Membership Points) and in the LLC's capital (reflected by the interestholder's
Capital Account balance).

         mm.   "LLC Value" means the Valuation for the last completed Fiscal
Year prior to the event giving rise to the calculation of LLC Value.

         nn.   "Majority Vote" means (i) with respect to the Members, the
written approval of, or the affirmative vote by, a majority in interest of the
Members determined with reference to their Membership Points set forth on
Schedule 1 hereto, and (ii) with respect to the Principals, the written approval
of, or the affirmative vote by, a majority in interest of the Principals
determined with reference to their Membership Points there set forth. For
purposes of determining a Majority Vote, Membership Points owned by Non-Voting
Members are not voted and are not counted in the calculation of the total
Membership Points outstanding or the Membership Points held by the Principals
for purposes of such vote.

         oo.   "Manager" means a member of the Board.

         pp.   "Members" means the Principals, their Permitted Transferees,
Balentine, its Permitted Transferees, and any additional Persons admitted as
Members pursuant to Section 7.6.

         qq.   "Membership Points" means, as of any date, with respect to a
Member, the number of Membership Points set forth opposite that Member's name on
Schedule 1 hereto, as adjusted from time to time pursuant hereto and as in
effect on that date.

         rr.   "Merger Agreement" means the Merger Agreement dated October ____,
2001 among Balentine, the Principals, Merger Subsidiary, WTI and WTC, as it may
from time to time be amended.

         ss.   "Metropolitan Statistical Area" of a city means such city's
metropolitan statistical area as defined by the United States Office of
Management and Budget.

         tt.   "New Business Opportunity" means any opportunity to provide
wealth management services that are provided by the LLC or its Subsidiaries as
of the date hereof, including, but not limited to, (1) opening a new office of
the LLC, (2) hiring or "lifting out" from another business one or more
professional employees involving an initial signing bonus or comparable payment
of $250,000 or more, or (3) acquiring a business that at the time of acquisition
is engaged in investment management or investment advisory activities that the
LLC performs at that time; provided, however, that the Principals may, by
Majority Vote, determine that an opportunity is not a New Business Opportunity.

         uu.   "Non-Voting Member" means a Member owning an LLC Interest but,
pursuant to Section 4.6, not having the right to vote his or its Membership
Points.

         vv.   "Note" has the meaning assigned to such term in Section 7.3(c).

                                     -9-
<PAGE>
         ww.   "Offer" has the meaning assigned to such term in Section 7.4(a).

         xx.   "Offered Membership Points" has the meaning assigned to such term
in Section 7.4(a).

         yy.   "Offer Notice" has the meaning assigned to such term in Section
7.4(a).

         zz.   "Officer" has the meaning assigned to such term in Section 5.12.

         aaa.   "Other Principals" has the meaning assigned to such term in
Section 7.2(b).

         bbb.  "Permitted Transferee" means WTI and any other Person
consolidated with WTI for federal income tax purposes and, with respect to any
natural person, the parents, siblings, spouse, children (by birth or adoption)
or spouses of children of that person (in any such case who are age 21 or over)
and any trust, partnership, limited partnership, limited liability partnership
or limited liability company created by or for one or more of the aforementioned
individuals (including those who are under age 21) of which a Principal is the
voting trustee, general partner, managing member or otherwise possesses the
power to vote the LLC Interest held by that entity.

         ccc.  "Person" means any individual, partnership, limited liability
company, corporation, association, trust, joint venture or governmental,
business or other entity.

         ddd.   "Principals' Representative" has the meaning assigned to such
term in Section 15.2(b).

         eee.  "Principals' Representative Agreement" has the meaning assigned
to such term in Section 15.2(b).

         fff.  "Profits" and "Losses," for each Fiscal Year or Accounting
Period, mean an amount equal to the LLC's taxable income or loss, respectively,
for that year or period, determined in accordance with Code Section 703(a) (for
this purpose, all items of income, gain, loss or deduction required to be stated
separately pursuant to Code Section 703(a)(1) shall be included in taxable
income or loss), but computed with the following adjustments:

               (1) Any income of the LLC exempt from federal income tax and not
         otherwise taken into account in computing Profits or Losses shall be
         added to that taxable income or loss;

               (2) Any expenditures of the LLC described in Code Section
         705(a)(2)(B) or treated as such expenditures pursuant to Section
         1.704-1(b)(2)(iv)(i) of the Treasury Regulations, and not otherwise
         taken into account in computing Profits and Losses, shall be subtracted
         from that taxable income or loss;

                                     -10-
<PAGE>
               (3) Gain or loss resulting from any disposition of property with
         respect to which gain or loss is recognized for federal income tax
         purposes shall be computed by reference to the Carrying Value of that
         property, notwithstanding that its adjusted tax basis differs from its
         Carrying Value;

               (4) In lieu of depreciation, amortization and other cost recovery
         deductions otherwise taken into account in computing taxable income or
         loss, there shall be taken into account Depreciation; and

               (5) Notwithstanding any other provisions of this definition, any
         items that are specially allocated pursuant to Section 6.5 or that
         result from an adjustment to basis of one or more Members pursuant to
         Code Section 734(b) or 743(b) shall not be taken into account in
         computing Profits or Losses.

         ggg.  "Purchase Closing Date" means the date upon which LLC Interests
are purchased and paid for pursuant to Article 7 hereof.

         hhh.  "Purchase Price" means, in the case of a purchase of an LLC
Interest from a Principal or his or its Permitted Transferees, an amount equal
to (a) the LLC Value less the Base Valuation, multiplied by (b) a fraction, the
numerator of which is the number of Membership Points associated with the LLC
Interest to be purchased and the denominator of which is the number of all
Membership Points outstanding on the related Purchase Closing Date. The Purchase
Price shall be calculated by using the LLC Value as of the end of the Fiscal
Year immediately prior to the exercise of the Put or the event giving rise to
the Call.

         iii.  "Purchaser" has the meaning assigned to such term in Section
7.4(c).

         jjj.  "Put" has the meaning assigned to such term in Section 7.2(b).

         kkk.  "Put Notice" has the meaning assigned to such term in Section
7.2(d).

         lll.  "Realization Event" means (1) any sale of all or substantially
all of the LLC's assets, (2) any merger or consolidation of the LLC with or into
another entity or, unless otherwise approved by the Board, of another entity
with or into the LLC or (3) any dissolution or winding up of the LLC. A
"Realization Event" shall not include a merger of GP into or with BC or the
transfer of GP's assets to BC.

         mmm.  "Remaining Principals" has the meaning assigned to such term in
Section 7.4(a).

         nnn.  "Restricted Area" has the meaning assigned to such term in
Section 11.2.

         ooo.  "Restricted Period" has the meaning assigned to such term in
Section 11.2.

                                     -11-
<PAGE>
         ppp.  "Retirement" with respect to a natural person Principal means
when that Principal reaches age 65; provided that Retirement shall not occur
with respect to a Principal who continues to work for the LLC after reaching age
65 unless the Board notifies him that it objects to his continued participation
in the LLC. Retirement with respect to a Principal who continues to participate
in the LLC after reaching that age shall occur upon the earlier of (1)
notification from the Board that it objects to that Principal's continued
participation or (2) the voluntary cessation of the Principal's employment by
the LLC.

         qqq.  "Run Rate" means the LLC's consolidated annual net earnings
before interest, taxes, depreciation and amortization, determined for each
Fiscal Year in accordance with GAAP and the accounting principles and practices
historically used by Balentine in preparing Balentine's financial statements,
provided that (1) in every event only costs directly attributable to the LLC's
operations will be included in calculating the Run Rate, (2) expenses of a New
Business Opportunity will not be included in calculating the Run Rate until 24
months after expenses are first incurred for that New Business Opportunity, (3)
in preparing the LLC's consolidated annual net earnings before interest, taxes,
depreciation and amortization for a Fiscal Year, the LLC will be deemed to own
its proportionate share of BCT's annual net earnings before interest, taxes,
depreciation and amortization for that year based on the LLC's proportionate
ownership of BCT during that year calculated as though any outstanding
unexercised options or rights to purchase securities of BCT have not been
exercised, (4) the LLC's revenues shall exclude any rent (but not expense
reimbursements) received pursuant to the second sentence of Section 12.2(b)(4),
and (5) extraordinary, non-recurring items of revenue and expense will be
excluded. The Run Rate will be calculated by reference to the LLC's financial
statements prepared in accordance with GAAP and separately audited by an
independent accounting firm selected by the Principals and acceptable to WTI,
which acceptance will not be unreasonably withheld, and such other books and
records as are sufficient to identify the items in clauses (1) through (5). Such
direct costs referred to above do not include the costs of support services
generally available from WTC but do include the cost of the benefits described
in Section 12.2(b)(7). The costs associated with opening and operating the trust
and/or banking office described in Section 12.2(b)(4) will not be included in
computing the Run Rate.

         rrr.  "Stockholder Notes" has the meaning assigned to such term in the
Merger Agreement.

         sss.  "Subsidiary" means any Person of which (1) more than 25% of
either the equity interests or the voting control is, directly or indirectly,
through Subsidiaries or otherwise, beneficially owned by such Person or (2) the
LLC or any such Person either serves as the general partner or managing member.

         ttt.  "Tax Matters Member" has the meaning assigned to such term in
Section 9.1(a).

         uuu.  "Term," with respect to a Principal, has the meaning assigned to
such term under such Principal's Employment Agreement.

                                     -12-
<PAGE>
         vvv.  "Transfer" has the meaning assigned to such term in Section
7.1(a).

         www.  "Treasury Regulations" means the income tax regulations,
including temporary regulations, promulgated under the Code, as those
regulations may be amended from time to time (including corresponding provisions
of succeeding regulations).

         xxx.  "Trust" has the meaning assigned to such term in Section 14.3.

         yyy.  "Valuation" means, for determinations for events occurring in
Fiscal Years 2001 and 2002, the Base Valuation and, for determinations for
events occurring in each Fiscal Year thereafter, the LLC's Run Rate in the last
full Fiscal Year preceding the year in which the valuation is used multiplied by
a factor determined by reference to the annual compound growth in the Run Rate
to the end of the Fiscal Year used to compute the Run Rate calculated from
January 1, 2003 and thereafter in accordance with the following schedule:

<TABLE>
<CAPTION>
Annual Compound Growth                       Multiple
<S>                                          <C>
Below [*]%                                   [*]times
[*]%                                         [*]times
[*]%                                         [*]times
[*]%                                         [*]times
[*]%                                         [*]times
Over [*]%                                    [*]times
</TABLE>

Annual compound growth in the Run Rate between [*]% and [*]% shall be
interpolated proportionately. The initial value used for the calculation of the
compound growth rate that will determine the earn out payment multiple will be
the Base Run Rate. The initial computation of the annual compound growth rate
for 2002 shall be determined by dividing the Base Run Rate into the Run Rate for
Fiscal Year 2002, subtracting one from the result and converting that result
into a percentage. For example, if the Base Run Rate were 2000 and the Run Rate
for 2002 were 2400, the annual compound growth for 2002 would be 20% and the
multiple for 2002 would be [*]. The annual compound growth rate for subsequent
years would be determined on a compound basis beginning with Fiscal Year 2003.
Attached as Schedule 3 are further examples of computations related to
Valuation.

         zzz.  "Voting Members" means all Members, other than Non-Voting
Members.

         aaaa. "WTC" means Wilmington Trust Corporation, a Delaware corporation,
and its successors.

         bbbb. "WTC Change of Control Purchase Price" means an amount equal to
the sum of (1) the LLC Value multiplied by a fraction, the numerator of which is
the number of Membership Points held by Balentine, WTI, WTC and their Permitted
Transferees and the denominator of which is the number of Membership Points
outstanding on the Purchase Closing Date, plus (2)

* CONFIDENTIAL TREATMENT REQUESTED

                                     -13-
<PAGE>
the Capital Deduction Amount multiplied by a fraction, the numerator of which
is the number of Membership Points held by the Principals and their Permitted
Transferees on the Purchase Closing Date and the denominator of which is the
number of Membership Points held by the Principals and their Permitted
Transferees on the date hereof, less (3) what the Principals who exercise their
right under Section 7.5(b) would have received under Sections 3.1(c) and (d) of
the Merger Agreement had only such Persons elected to receive an accelerated
payment under such sections. The WTC Change of Control Purchase Price shall be
calculated by using the LLC Value as of the end of the year immediately prior
to the exercise of the rights described in Section 7.5(b).

         cccc. "WTI" means WT Investments, Inc., a Delaware corporation, and its
successors.

         dddd. "WTI Clients" means investment management, custody and personal
trust clients of WTI or any of its Affiliates. For this purpose, the LLC and its
Subsidiaries are not considered to be Affiliates of WTI.

                                   ARTICLE 2
                               GENERAL PROVISIONS

         Section 2.1. Formation, Name and Continuation. The name of the LLC is
"Balentine Delaware Holding Company, LLC." The LLC's business will be conducted
with reference to its affiliation with WTC as the Board designates from time to
time and may be conducted under any other name or names the Board designates
from time to time. The parties hereto enter into this Agreement pursuant to the
provisions of the Delaware Act and for the purposes described herein. The rights
and liabilities of the Members shall be as provided in the Delaware Act for
members, except as provided herein. The name, mailing address, initial capital
contribution and Membership Points of each Member shall be listed on Schedule 1
hereto. The LLC's Secretary shall update any schedule from time to time
necessary to reflect accurately the information therein. Any amendment or
revision to a schedule made in accordance with this Agreement shall not be
deemed an amendment hereto. Any reference in this Agreement to a "schedule"
shall be deemed to be a reference to a schedule hereto as amended and in effect
from time to time, unless expressly noted otherwise.

         Section 2.2. Term. The term of the LLC commenced on the date the
Certificate was filed in the office of the Secretary of State of Delaware and
shall continue in perpetuity, unless dissolved in accordance with the provisions
hereof. The existence of the LLC as a separate legal entity shall continue until
the Certificate's cancellation.

         Section 2.3. Registered Agent and Office; Principal Place of Business.

         a.    The LLC's registered agent and office in Delaware shall be WTI,
Rodney Square North, 1100 North Market Street, New Castle County, Delaware
19890. The Board may at any time designate another registered agent and/or
registered office.

                                     -14-
<PAGE>
         b.    The LLC's principal place of business initially shall be at 3455
Peachtree Road, Suite 2000, Atlanta, Georgia 30326.

         c.    The Board may, at any time and from time to time: (1) subject to
Section 5.13(d), change the location of the LLC's principal place of business
and establish an additional place or places of business of the LLC as it may
determine; (2) change the location of the LLC's books and records; (3) change
the LLC's registered office in Delaware; and (4) change the LLC's resident agent
for service of process in Delaware.

         Section 2.4. Fiscal Year. Except as the Board determines otherwise, the
LLC's fiscal year for accounting purposes and taxable year ("Fiscal Year") shall
be the calendar year, except for the short year in the years of the LLC's
formation and termination and as otherwise required by the Code.

                                   ARTICLE 3
                          PURPOSE AND POWERS OF THE LLC

         Section 3.1. Purpose. The LLC is formed for the purpose of engaging in
any lawful act or activity for which limited liability companies may be formed
under the Delaware Act and engaging in any and all activities necessary or
incidental to the foregoing; provided that the LLC is not formed for the purpose
of and shall not engage in any business that would be impermissible for WTI or
any of its Affiliates under federal or state banking law, as those laws may be
amended from time to time.

         Section 3.2. Powers of the LLC. The LLC shall have all power and
authority granted under the Delaware Act to take all actions necessary,
appropriate, proper, advisable, incidental or convenient to or for the
furtherance of the purpose set forth in Section 3.1.

                                   ARTICLE 4
                                    MEMBERS

         Section 4.1. Voting. Members shall have the power to vote only as
provided by this Article 4 and as required by law. Unless otherwise provided in
this Agreement or by law, any vote of Members shall be determined by a Majority
Vote.

         Section 4.2. Meetings of Members. The Board or its Chairman may call a
meeting of Voting Members. Meetings of Voting Members shall be held at the LLC's
principal place of business upon at least 10 days' written notice to all Voting
Members. The notice shall state the purpose or purposes of the meeting with
reasonable particularity and shall contain a description of the items to be
acted upon.

                                     -15-
<PAGE>
         Section 4.3. Quorum. At any meeting of Voting Members, the presence of
Members owning LLC Interests representing a majority of the Membership Points,
other than LLC Interests representing Membership Points owned by Non-Voting
Members, shall constitute a quorum. Any meeting may be adjourned from time to
time by Voting Members holding a majority of the votes present at the meeting,
whether or not a quorum is present, and the meeting may be held as adjourned
upon at least 10 days' written notice to all Voting Members.

         Section 4.4. Action by Consent. Any action of Voting Members may be
taken without a meeting if the Voting Members required to consent to the action
to be taken, if the action had been taken at a meeting of Voting Members,
consent to the action in writing and the Board and all Members are given at
least five days' prior written notice of the proposed action. The written
consents shall be filed with the records of the Members' meetings. Those actions
by consent shall be treated for all purposes as actions taken at a meeting.

         Section 4.5. Telephonic Meetings. Voting Members may participate in a
meeting of Voting Members by means of a conference telephone or similar
communications equipment if all Voting Members participating in the meeting can
hear each other at the same time. Participation by such means shall constitute
presence in person at a meeting.

         Section 4.6. Non-Voting Members. Any Member shall become a Non-Voting
Member until his LLC Interest has been purchased in full in accordance with
Article 7 if such Member (a) is terminated from employment with the LLC for
Cause, (b) voluntarily resigns from employment with the LLC without Good Reason,
(c) is a Member during the periods described in Sections 7.2(e) and 7.3(d), or
(d) is so determined by the Board to be a Non-Voting Member by reason of Cause.
The estate or other successor of any Member that dies, dissolves or otherwise
ceases to exist shall become a Non-Voting Member until his or its LLC Interest
has been purchased in full in accordance with Article 7. The Board may, in its
discretion, waive this provision. In accordance with Section 7.6, the Board may
admit a substitute Member as a Non-Voting Member. Non-Voting Members do not have
the right to receive notice of meetings of Voting Members or to participate in
those meetings.

                                   ARTICLE 5
                              MANAGERS AND OFFICERS

         Section 5.1. Managers. The management of the LLC's business shall be
vested in the Board, which shall consist of five Managers, all of whom must be
Voting Members or employees, officers or directors of Voting Members (or of WTC
or one of its Affiliates in the case of Balentine). Unless otherwise specified
herein, the Board shall act by majority vote of those Managers present at a
meeting at which a quorum is present, with each Manager on the Board present
having one vote.

                                     -16-
<PAGE>
         Section 5.2. Designated Managers.

         a.    Until March 31, 2006, the Principals shall be entitled to
designate or redesignate three of the five Managers (or at least 60% of the
Managers if the number of Managers is adjusted) by Majority Vote of the
Principals. After March 31, 2006 and provided that they own LLC Interests with
an aggregate of at least 3% of the then outstanding Membership Points, the
Principals shall be entitled to designate or redesignate one of the five
Managers by Majority Vote of the Principals (or at least 20% of the Managers if
the number of Managers is adjusted) by written notice to the Board of their
designee.

         b.    Until March 31, 2006, Balentine, WTC and their Affiliates shall
be entitled to appoint two of the five Managers (or no more than 40% of the
Managers if the number of Managers is adjusted) by written notice to the Board
of their designees. After March 31, 2006, Balentine, WTC and their Affiliates
shall be entitled to appoint four of the five Managers (or at least 80% of the
Managers if the number of Managers is adjusted) by written notice to the Board
of their designees.

         c.    The initial Managers of the LLC shall be Robert, Rolader and
Adams, who shall be deemed designated by the Principals pursuant to Section
5.2(a), and Ted T. Cecala and Rodney P. Wood, who shall be deemed designated by
Balentine, WTC and their Affiliates pursuant to Section 5.2(b). A Manager shall
hold office until the Manager resigns, Retires, dies or is removed.

         Section 5.3. Resignation or Removal of a Manager.

         a.    Any Manager may resign by delivering to the LLC a signed notice
indicating his intent to resign and the effective date of his resignation.

         b.    The Board by Majority Vote may remove any Manager (1) for Cause
or (2) if the Manager becomes subject to a Disability. A Manager shall be
automatically removed if he becomes a Non-Voting Member. Those Persons who are
entitled to designate a Manager and who hold the number of Membership Points
necessary to designate a Manager may remove and replace such Manager previously
designated by them at any time upon written notice to the LLC.

         Section 5.4. Vacancies. If a Manager resigns or is removed from the
Board, the Persons who previously designated that Manager may designate another
Person to serve as Manager at any time after the resignation or removal by
written notice to the LLC.

         Section 5.5. Meetings. The Board shall hold regular quarterly meetings
without call or notice, at such places and times as the Board determines from
time to time, provided reasonable notice of the first regular meeting following
any such determination is given to Managers absent at the meeting fixing regular
meetings. When called by the Chairman or by Managers holding a majority of votes
on the Board, the Board may hold special meetings at such places and times as
are designated in the call of the meeting, upon at least ten days' notice given
by the Chairman, the Secretary or an Assistant Secretary, or by the Managers
calling the meeting. Any notice

                                     -17-
<PAGE>
required hereunder may be waived in writing by the Person to whom notice should
have been sent, whether before or after the meeting, and attendance at any
meeting waives the attendee's right to any notice required hereunder unless the
Person attends for the express purpose of objecting at the beginning of the
meeting to the transaction of any business because the meeting was not lawfully
called or convened.

         Section 5.6. Quorum. At any meeting of the Board, the presence of three
Managers shall constitute a quorum, provided that prior to March 31, 2006 at
least two of such Managers must have been designated by the Principals. Any
meeting may be adjourned from time to time by Managers holding a majority of
votes present at the meeting, whether or not a quorum is present, and the
meeting may be held as adjourned upon at least 10 days' notice to all Managers.

         Section 5.7. Action By Consent. Any action of the Board may be taken
without a meeting if all Managers consent to the action in writing. The written
consents shall be filed with the records of the Board meetings. Those actions by
consent shall be treated for all purposes as actions taken at a meeting.

         Section 5.8. Telephonic Meetings. Managers may participate in Board
meetings by conference telephone or similar communications equipment, as long as
all Managers participating in the meeting can hear each other at the same time.
Participation by such means shall constitute presence at the meeting in person.

         Section 5.9. Managers as Agents; Limitation on Power of Members. To the
extent of their powers set forth herein, the Managers are agents of the LLC for
purposes of the LLC's business, and the actions of the Managers taken in
accordance with those powers shall bind the LLC. No Member, in that Person's
capacity as Member, acting individually or with all Members, and no Managers
representing less than the number of Managers necessary for Board action under
Sections 5.1, 5.7 or 5.13(d) may bind the LLC. The Managers representing the
number of Managers necessary for Board action under Article 5 may bind the LLC.

         Section 5.10. Duty of Managers. A Manager is required to act in good
faith in a manner he reasonably believes to be in the best interest of the LLC
and shall be deemed to owe the same fiduciary duty to the LLC as a director of a
Delaware corporation is deemed to owe the corporation under Delaware law.

         Section 5.11. Approval of Annual Budget. The Board alone shall have the
power to approve the LLC's annual budget. If the LLC's annual budget is not
approved in its entirety by the Board under this Section 5.11, the Board shall
approve the budget to the extent of those items on which there is agreement, and
shall continue to negotiate in good faith until all items of the budget are
agreed upon.

         Section 5.12. Officers. The Board may appoint agents and employees of
the LLC who are designated as officers of the LLC (each, an "Officer"). The
Officers shall at all times include a Chairman, a President, a Chief Executive
Officer and a Secretary and may from time to time

                                     -18-
<PAGE>
include a Vice Chairman, one or more Executive Vice Presidents, Senior Vice
Presidents, Vice Presidents and Assistant Secretaries and such other Officers
as the Board may approve. The initial Officers shall be as set forth on
Schedule 2. The Board may remove any Officer at any time, for any reason, in
its sole and absolute discretion. The Officers shall be agents of the LLC,
authorized to execute and deliver documents and take other actions on the LLC's
behalf, subject to the direction of the Board, and to have such other duties as
the Board may approve, provided that the delegation of any such power and
authority to the Officers shall not limit in any respect the power and
authority of the Board to take such actions or any other action on the LLC's
behalf as provided herein. The Secretary shall record the actions of the Board,
certify this Agreement and any related document or instrument, certify Board
resolutions, incumbency and other matters of the LLC, and have such other
ministerial duties as the Board may specify from time to time.

         Section 5.13. Powers of the Board; Powers of Officers.

         a.    Subject to the provisions hereof and of the Delaware Act
requiring the approval of Members, the Board's powers on behalf and in respect
of the LLC shall be all powers and privileges permitted to be exercised by
managers of the LLC under the Delaware Act (including Section 18-402 of the
Delaware Act), including the authority, power and discretion to manage and
control the business operations, affairs and properties of the LLC, to make all
decisions regarding those matters and to perform any and all other acts or
activities customary or incident to the management of the LLC's business
operations, including, without limitation, the right and power to hire and
terminate employees, and determine salaries, bonuses and other employee benefits
for the employees of the LLC.

         b.    Except to the extent that this Agreement requires the Board to
vote on a matter, the Board may delegate any of its powers to the Officers or
any one or more of them.

         c.    Subject to the limitation set forth in Section 5.13(b), the Board
hereby delegates to the respective Officers the respective powers delegated to
officers of a corporation under Delaware's General Corporation Law, subject to
the powers of a board of directors of a corporation under Delaware law. Any
documents signed by such Officers with the foregoing delegation shall be binding
on the LLC as if signed by the number of Managers required to approve such
action. The Board reserves the right to rescind the delegation of any such
powers at any time in its sole discretion.

         d.    Notwithstanding the foregoing, without the approval of all of the
Managers, the Board has no authority to:

               (1)   amend this Agreement or, except as otherwise specifically
provided herein, the Certificate;

               (2)   issue new LLC Interests;

               (3)   admit new Members;

                                     -19-
<PAGE>
               (4)   amend the investment management and advisory agreements of
the LLC existing as of the effective date of this Agreement in a manner
materially adverse to the LLC;

               (5)   in a single transaction or series of related transactions,
consolidate or merge the LLC or any Subsidiary of the LLC with or into another
Person (whether or not the LLC or such Subsidiary is the surviving Person),
sell, assign, transfer, lease, convey or otherwise dispose of all or any
substantial part of the property or assets of the LLC or any Subsidiary of the
LLC (other than pursuant to the BCT Agreement), or liquidate, dissolve or wind
up, or undertake any similar transaction or authorize, announce, make proposals
or seek offers for, or enter into any binding or nonbinding arrangements,
understandings or agreements with respect to any transaction or transactions
with a similar effect to the foregoing, except in all cases with, into, or to
any Person that is an Affiliate of the LLC, WTC, or WTI;

               (6)   file a voluntary petition or otherwise initiate proceedings
(i) to have the LLC adjudicated insolvent, or (ii) seeking an order for relief
of the LLC as a debtor under the United States Bankruptcy Code (11 U.S.C.
[sec][sec] 101 et seq.); file any petition seeking any composition,
reorganization, readjustment, liquidation, dissolution or similar relief under
the present or any future federal bankruptcy laws or any other present or
future applicable federal, state or other statute or law relating to
bankruptcy, insolvency, or other relief for debtors with respect to the LLC; or
seek, consent or fail to contest the appointment of any trustee, receiver,
conservator, assignee, sequestrator, custodian, liquidator (or other similar
official) of the LLC or of all or any substantial part of the property or
assets of the LLC, or make any general assignment for the benefit of creditors
of the LLC, or admit in writing the inability of the LLC to pay its debts
generally as they become due, or declare or effect a moratorium on the LLC's
debt or take any action in furtherance of any proscribed action;

               (7)   enter into a type of business that is fundamentally
different than presently conducted by the LLC;

               (8)   initiate and/or settle any third party or governmental
claims, disputes or litigation involving the LLC in excess of $250,000;

               (9)   incur new indebtedness for money borrowed in excess of
$250,000 in any Fiscal Year;

               (10)  issue additional securities of a Subsidiary of the LLC
(other than any securities that may be issued pursuant to any agreements
existing with BCT as of the date hereof);

               (11)  make capital expenditures in excess of $250,000 in any
Fiscal Year;

                                     -20-
<PAGE>
               (12)  make any election, or take or omit to take any action, that
would prevent the LLC from being taxed as a partnership for federal or state
income tax purposes;

               (13)  change the name or the location of the principal place of
business of the LLC, except within the Atlanta, Georgia Metropolitan Statistical
Area;

               (14)  undertake any New Business Opportunity;

               (15)  revise, modify or amend any compensation plan in any
material respect; and

               (16)  enter into any business transactions with WTC or any of its
Affiliates for the provision of investment advisory services that would be in
conflict with the LLC's business.

         Section 5.14. Reimbursement. The LLC shall reimburse each Manager and
Officer for all reasonable and necessary out-of-pocket expenses that Manager or
Officer incurs on an LLC's behalf according to terms the Board approves, except
that the LLC will not be required to reimburse any out-of-pocket travel expenses
of a Manager or Officer who has been designated by WTI. The Board's sole
determination of which expenses may be reimbursed to a Manager or an Officer and
the amount of those expenses shall be conclusive. Any such reimbursement shall
be treated as an expense of the LLC that shall be deducted in computing Profits
and Losses and, if made to a Manager or Officer that also is a Member, shall not
be deemed a distributive share of Profits or a distribution or return of capital
to such Manager or Officer.

                                   ARTICLE 6
                         CAPITAL CONTRIBUTIONS, CAPITAL
                     ACCOUNTS, DISTRIBUTIONS AND ALLOCATIONS

         Section 6.1. Capital Contributions.

         a.    Balentine, in exchange for the capital contribution set forth
opposite its name on Schedule 1 hereto (representing the Initial Capital
Contribution less the part thereof assigned to the Principals in connection with
the Distribution), has received an LLC Interest with the number of Membership
Points set forth there. Each Principal, in exchange for the part of the Initial
Capital Contribution assigned to him or it in connection with the Distribution
and set forth opposite his or its name on Schedule 1 under the heading "Capital
Contribution," has received an LLC Interest with the number of Membership Points
set forth there.

         b.    No Member shall be required to make any additional capital
contribution to the LLC, except with respect to any New Business Opportunity
approved by all of the Managers.

                                     -21-
<PAGE>
         Section 6.2. Capital Accounts.

         a.    Each Member shall have a Capital Account, which shall not bear
interest.

         b.    No Member has the right to demand a return of that Member's
capital contributions (or the balance of that Member's Capital Account). In
addition, no Member has the right to (1) demand and receive any distribution
from the LLC in any form other than cash or (2) bring an action of partition
against the LLC or its property.

         Section 6.3. Distributions of Cash.

         a.    Subject to Section 12.2(b)(2), within 15 days after the
availability of the year-end audit for each Fiscal Year, the Board shall cause
the LLC to distribute Free Cash Flow to the Members in proportion to the average
of their respective Membership Points held as of the close of each Accounting
Period in that Fiscal Year.

         b.    Subject to Section 12.2(b)(2) but notwithstanding Section 6.3(a),
the Board shall cause the LLC to make interim distributions of Free Cash Flow to
the Members within 30 days after the end of each of the four quarters in each
Fiscal Year, in proportion to the average of their respective Membership Points
held as of the close of each Accounting Period in such quarter; all such
distributions in any Fiscal Year shall be deemed advances against the
distribution required by Section 6.3(a) for such year. If any such distribution
is determined to be excessive by the Board, the Members shall repay, without
interest, the excessive portion of the distribution within 30 days after being
notified by the Board in writing of such determination.

         c.    The LLC is authorized to withhold from distributions, or with
respect to allocations, to the Members and to pay over to any federal, state or
local government any amount required to be so withheld pursuant to the Code or
any provision of any state or local tax law. All amounts so withheld, and all
amounts withheld pursuant to the Code or any provision of any state or local tax
law with respect to any payment, distribution or allocation to the LLC, shall be
treated for all purposes hereof as amounts distributed pursuant to this Section
6.3 to the affected Member, or all the Members, as the case may be.

         d.    Notwithstanding any provision to the contrary herein, the LLC
shall not make a distribution to any Member on account of its LLC Interest if
that distribution would (1) cause that Member to have a deficit balance in its
Capital Account or (2) violate Section 18-607 of the Delaware Act or other
applicable law.

         e.    The proceeds of a sale of all or substantially all of the LLC's
assets shall be distributed pursuant to Section 13.4(a) as if they were proceeds
of the LLC's liquidation.

         f.    If any LLC Interest is transferred during any Accounting Period,
Free Cash Flow for such period that is distributable to the holder thereof shall
be distributed in accordance with Section 6.7 (by substituting "Accounting
Period" for "Fiscal Year").

                                     -22-
<PAGE>
         Section 6.4. Allocations of Profits and Losses for Tax Purposes.

         a.    After giving effect to the special allocations provided in
Section 6.5, and except as otherwise provided in Section 6.4(c), Profits for any
Fiscal Year or Accounting Period shall be allocated to the Members as follows:

               (1)  First, to each Member in an amount equal to the excess, if
          any, of (i) the cumulative Losses allocated to such Member pursuant to
          Section 6.4(b) for all prior Fiscal Years and prior Accounting Periods
          in the current Fiscal Year over (ii) the cumulative Profits allocated
          to such Member pursuant to this Section 6.4(a) for all such prior
          Fiscal Years and Accounting Periods; provided that, if the Profits of
          the current Fiscal Year or Accounting Period are less than the sum of
          such excess for all Members, such Profits shall be allocated to each
          Member in proportion to its share of such sum; and

               (2)  Second, to the Members in proportion to their respective
          Membership Points as of the end of that Fiscal Year or Accounting
          Period, as the case may be.

         b. After giving effect to the special allocations provided in Section
6.5, and except as otherwise provided in Section 6.4(c), Losses for any Fiscal
Year or Accounting Period shall be allocated to the Members as follows:

               (1)  First, to each Member in an amount equal to the excess, if
         any, of (i) the cumulative Profits allocated to such Member pursuant to
         Section 6.4(a) for all prior Fiscal Years and prior Accounting Periods
         in the current Fiscal Year over (ii) the cumulative Losses allocated to
         such Member pursuant to this Section 6.4(b) for all such prior Fiscal
         Years and Accounting Periods; provided that, if the Losses of the
         current Fiscal Year or Accounting Period are less than the sum of such
         excess for all Members, such Losses shall be allocated to each Member
         in proportion to its share of such sum, and provided further that no
         current Fiscal Year Losses shall be allocated to any Member to the
         extent such allocation would cause such Member to have a deficit in its
         Capital Account;

               (2)  Second, to the Members in proportion to their respective
         Membership Points as of the end of that Fiscal Year or Accounting
         Period, as the case may be, up to the amount of their positive Capital
         Account balances as of that time; and

               (3)  Third, to the Members in proportion to their respective
         Capital Account balances as of the end of that Fiscal Year or
         Accounting Period, as the case may be.

         c.    Notwithstanding Section 6.4(a), Profits and Losses from the sale
of all or substantially all of the LLC's assets, and Profits and Losses from a
deemed sale of assets in connection with the liquidation of the LLC (as
described in Section 13.4(b)), shall be allocated among the Members in
proportion to distributions pursuant to Sections 13.4(a)(2) through (4).

                                     -23-
<PAGE>
         Section 6.5. Special Allocations.

         a.    If and to the extent any employee or Principal of the LLC or an
Affiliate recognizes or is deemed to recognize any item of income or gain
pursuant to Code Section 83 by virtue of any transaction or deemed transaction
between any Member and that employee, then any resulting item of loss the LLC
recognizes or deduction to which the LLC is entitled shall be specially
allocated to that Member.

         b.    The provisions of the Treasury Regulations under Code Section
704(b) relating to the qualified income offset, minimum gain chargeback, minimum
gain chargeback with respect to nonrecourse debt, allocation of nonrecourse
deductions and allocation of items of deduction, loss or expenditure relating to
nonrecourse debt hereby are incorporated herein by this reference and shall be
applied to the allocation of items of income, gain, loss or deduction of the
LLC. However, the Members do not intend to incorporate, by reference or
otherwise, the "deficit restoration obligation" described in Section
1.704-1(b)(2)(ii)(c) of the Treasury Regulations.

         c.    If items of income, gain, loss or deduction are allocated to one
or more Members pursuant to Section 6.5(b), subsequent items of income, gain,
loss or deduction shall first be allocated to the Members in a manner designed
to result in each Member's receiving an allocation of Profits and Losses through
the time of such subsequent allocation equal to what such Member would have
received in the absence of Section 6.5(b).

         Section 6.6. Allocations under Code Section 704(c).

         a.    In accordance with Code Section 704(c) and the Treasury
Regulations thereunder, income, gain, loss and deduction with respect to any
property contributed to the LLC's capital shall, solely for tax purposes, be
allocated among the Members to take account of any variation between the LLC's
adjusted basis in that property for federal income tax purposes and its initial
Carrying Value at the time of its contribution to the LLC.

         b.    Allocations of income, gain, loss and deduction with respect to
any asset revalued in accordance with Section 1.704-1(b)(2)(iv)(f) of the
Treasury Regulations shall take account of any variation between the LLC's
adjusted basis in that asset for federal income tax purposes and its Carrying
Value in the same manner as under Code Section 704(c) and the Treasury
Regulations thereunder and as required by Section 1.704-1(b)(2)(iv)(g) of the
Treasury Regulations.

         c.    Any elections or other decisions relating to allocations
described in Sections 6.6(b) or (c) shall be made by the Members in any manner
that reasonably reflects the purposes and intent hereof. Allocations pursuant to
Sections 6.4, 6.5 and 6.6 are solely for purposes of federal, state and local
income taxes and shall not affect, nor in any way be taken into account in
computing, any Member's Capital Account balance, Free Cash Flow or other items
or distributions pursuant to any provision hereof.

         Section 6.7. Transfer of LLC Interests. If an LLC Interest is
transferred during any Fiscal Year (including to the LLC or another Member), the
Profits or Losses attributable to such

                                     -24-
<PAGE>
LLC Interest for such Fiscal Year shall be allocated, and the Free Cash Flow
for such year distributable to the holder thereof shall be distributed, between
the transferor and the transferee ("parties") in any manner permitted by law as
to which they agree; provided, however, that, if the LLC does not receive, on
or before January 31 of the year following the Fiscal Year in which the
transfer occurs, written notice from the transferor and the transferee stating
the manner in which the parties have agreed to allocate such Profits or Losses
and distributions of Free Cash Flow, then all such Profits or Losses and
distributions of Free Cash Flow shall be allocated between or made to the
parties based on the percentage of the year each of them was, according to the
LLC's books and records, the holder of the transferred LLC Interest.

                                   ARTICLE 7
           TRANSFER OF LLC INTERESTS, PUT AND CALL OPTIONS, CHANGE OF
                  CONTROL AND ADMISSION OF ADDITIONAL MEMBERS

         Section 7.1. Assignability of Interests.

         a.    Except as otherwise provided in this Article 7, no LLC Interest
may be sold, assigned, transferred, pledged, hypothecated, given, exchanged,
optioned or encumbered (each, a "Transfer"), and no Transfer in violation of
this Agreement shall be binding upon the LLC.

         b.    A Member may transfer all or any portion of its or his LLC
Interest to any one or more Permitted Transferees who agree to be bound by the
terms and conditions hereof; provided that, notwithstanding anything to the
contrary contained herein, the transferring Member shall retain the vote with
respect to the LLC Interest so Transferred to Permitted Transferees; provided,
however, if the Transferee is WTI or is consolidated with WTI for federal income
tax purposes, the Transferee shall become a Voting Member.

         Section 7.2. Put Options.

         a.    Except as provided in the next paragraph of this Section 7.2(a),
on or before February 28 of each year beginning in 2003, the Board shall notify
each Member of the LLC Value as of December 31 of the immediately preceding
year. The Board shall also furnish a certified copy of a balance sheet, income
statement, and cash flow statement of the LLC for each Fiscal Year, and
statement of such Member's Capital Account balance as of the end of that Fiscal
Year, all of which shall be audited by, and shall receive the unqualified
opinion of, the LLC's independent accounting firm, as if the LLC were
independent and not affiliated with WTC, to each Member promptly after they are
available.

         If the LLC's financial statements are unavailable until after February
28 of a year beginning in 2003, the Board shall notify, on or before February 28
of that year, each Member of the estimated LLC Value as of December 31 of the
immediately preceding year and shall notify each Member of the actual LLC Value
as promptly as possible after such financial statements

                                     -25-
<PAGE>
become available. If the Purchase Closing Date with respect to any LLC
Interests put pursuant to this Section 7.2 has not occurred, and the LLC Value
differs from the estimated LLC Value by 5% or more, each Principal and/or his
or its Permitted Transferees who or that has exercised his or its Put rights
shall have the right to rescind his and/or its decision to exercise of his or
its Put rights. If such Purchase Closing Date has occurred, each of the
Principals and/or his or its Permitted Transferees exercising the Put rights
with respect to his or its LLC Interest and the purchaser(s) of such LLC
Interest, as the case may be, shall remit to the other(s) the amount(s)
necessary to reflect appropriately the difference between the LLC Value and the
estimated LLC Value.

         b.    Subject to the terms, conditions and limitations of this Section
7.2, each Principal (on behalf of himself and/or his or its Permitted
Transferees) may exercise an option to sell all or any portion of his or its LLC
Interest and associated Membership Points (each such exercise is referred to
herein as a "Put") at the Purchase Price therefor. Upon exercise of a Put under
this Section 7.2(b) by a Principal, the other Principals (the "Other
Principals") shall first have the right (in proportion to their Membership
Points or in such other proportions as the Principals' Representative may
determine) to purchase from that Principal or that Principal's Permitted
Transferees, as the case may be, all of that Principal's and his or its
Permitted Transferees' LLC Interests (or such portion as the Other Principals
agree to purchase). If the Other Principals do not elect to purchase all of that
Principal's and his or its Permitted Transferees' LLC Interests, Balentine shall
thereupon become obligated to purchase any remaining LLC Interests with respect
to which the Put has been exercised.

         c.    Notwithstanding anything contained in Section 7.2(b) to the
contrary, unless otherwise agreed to by Balentine: (1) a Principal (on behalf of
himself or itself and/or his or its Permitted Transferees) may not exercise a
Put prior to January 1, 2006; and (2) Puts may not be exercised in any year with
respect to LLC Interests and associated Membership Points representing more than
25% of the Membership Points of the LLC owned by a Principal and/or his
Permitted Transferees on December 31, 2005; provided, however, if a Put is not
exercised in full by a Principal or his Permitted Transferees for any year
beginning in 2006, that unexercised portion may be exercised at the time that a
Put is exercised for any subsequent year. For purposes of illustration if,
during 2006, a Principal and his Permitted Transferees exercised a Put for LLC
Interests associated with only 10% of the Membership Points held by them on
December 31, 2005, such Principal and his Permitted Transferees would then be
permitted during 2007 to exercise a Put in respect of LLC Interests associated
with 40% of the Membership Points held by them on December 31, 2005. In no
event, however, shall any Principal be entitled to Put LLC Interests associated
with more than 25% of the Membership Points owned by such Principal and/or his
Permitted Transferees on December 31, 2005 in 2006, 50% in 2007, 75% in 2008 and
100% in 2009. The restrictions on the Put rights described in this Section
7.2(c) apply solely to LLC Interests and associated Membership Points held by
the Principals or their Permitted Transferees as of the Closing (as defined in
the Merger Agreement); however, any subsequent holder of such LLC Interests
shall be entitled to exercise the Put right herein as if such holder were the
Principal or Permitted Transferee holding such LLC Interests as of the Closing.

                                     -26-
<PAGE>
         d.    A Principal (on behalf of himself and/or his or its Permitted
Transferees) may exercise a Put if, on or before March 31 of any year (beginning
on January 1, 2006), Balentine and each Other Principal receives an irrevocable
notice of exercise of the Put substantially in the form of Exhibit A hereto (a
"Put Notice") stating that he or it is electing to exercise the Put and
specifying the LLC Interests and associated Membership Points to be sold
pursuant to the Put. On or before 60 days after receipt of a Put Notice, the
Other Principals may exercise their right of first refusal to purchase all of
that Principal's and his or its Permitted Transferees' LLC Interests and
associated Membership Points (or such portion as the Other Principals agree to
purchase) by providing written notice to the Principal and/or the Principal's
Permitted Transferees, as the case may be, and Balentine in the form of Exhibit
B (the "First Refusal Notice"), and, if that right is exercised, that Principal
or that Principal's Permitted Transferees, as the case may be, shall be
obligated to sell to the Other Principals, all of that Principal's and his or
its Permitted Transferees' LLC Interests and associated Membership Points (or
such portion as the Other Principals agree to purchase). If the Other Principals
do not elect to purchase all of that Principal's and his or its Permitted
Transferees' LLC Interests and associated Membership Points (or if Balentine has
not received any notice from the Other Principals of their intention to purchase
any portion of that Principal's or his or its Permitted Transferees' LLC
Interests and associated Membership Points within the 60-day period described in
this Section 7.2(d)), Balentine shall purchase any and all remaining LLC
Interests and associated Membership Points with respect to which the Put has
been exercised.

         The Purchase Closing Date for a purchase pursuant to this Section
7.2(d) shall be within 30 days following the earlier of the expiration of the
time period contained in the preceding paragraph or the delivery of the First
Refusal Notice by the Other Principals of their exercise in part or in whole of
their rights of first refusal. On the Purchase Closing Date, each of Balentine
and the Other Principals shall pay the Purchase Price, in proportion to the
amount of LLC Interests and associated Membership Points being purchased by that
Person, to the Member by certified check or wire transfer of immediately
available funds against delivery of the LLC Interests and associated Membership
Points, free and clear of all liens, security interests and other encumbrances,
and any other documents or instruments of transfer as they may reasonably
request.

         e.    On the last day of the month in which a Put is exercised by a
Principal (on behalf of himself and/or his or its Permitted Transferees), that
Member shall cease to have any rights as a Member with respect to the LLC
Interests so Put other than (1) the right to receive the Purchase Price on the
Purchase Closing Date and (2) the right to receive distributions and allocations
with respect to those LLC Interests through the Purchase Closing Date. Without
limiting the generality of the foregoing, the LLC Interests to be purchased on
the Purchase Closing Date shall not have any voting rights during that period.

         Section 7.3. Call Options. The following provisions with respect to the
purchase and sale of an LLC Interest of a Principal and his or its Permitted
Transferees shall apply following the Principal's death, Disability, Retirement,
termination of a Principal's employment with the LLC, a transfer required by
operation of law or other involuntary transfer of an LLC Interest.

                                     -27-
<PAGE>
         a.    In the event of the death, Disability or Retirement of a
Principal, the Other Principals shall have the right (in proportion to their
Membership Points or in such other proportions as the Principals' Representative
may determine), exercisable by providing written notice, within 60 days of that
event, to the Principal, the Principal's estate and/or the Principal's Permitted
Transferees, as the case may be, and Balentine in the form of Exhibit C (a "Call
Notice"), to purchase (a "Call") from that Principal or that Principal's estate
and that Principal's Permitted Transferees, as the case may be, and, if that
right is exercised, that Principal or that Principal's estate and that
Principal's Permitted Transferees, as the case may be, shall be obligated to
sell to the Other Principals, all of that Principal's and his or its Permitted
Transferees' LLC Interests and associated Membership Points (or such portion as
the Other Principals agree to purchase). If the Other Principals do not elect to
purchase all of that Principal's and his or its Permitted Transferees' LLC
Interests and associated Membership Points, Balentine shall have the right,
exercisable by providing a Call Notice to the Principal, that Principal's estate
and that Principal's Permitted Transferees, as the case may be, within the
60-day period following receipt of notice from the Other Principals declining to
purchase all or a portion of that Principal's and his or its Permitted
Transferees' LLC Interests and associated Membership Points (or, if Balentine
has not received any notice from the Other Principals regarding their intent to
purchase any portion of that Principal's and his or its Permitted Transferee's
LLC Interests and associated Membership Points, within the 60-day period
following the first 60-day period), to purchase some or all of the remaining LLC
Interests and associated Membership Points of that Principal and his or its
Permitted Transferees. If that right is exercised, that Principal and that
Principal's estate and Permitted Transferees, as the case may be, shall be
obligated to sell to Balentine all of that Principal's and his or its Permitted
Transferee's remaining LLC Interests and associated Membership Points (or such
portion as Balentine agrees to purchase). Notwithstanding anything to the
contrary herein, the Other Principals and Balentine shall not be obligated to
purchase any or all of that Principal's and his or its Permitted Transferees'
LLC Interests and associated Membership Points, and any rights granted by this
Section 7.3(a) may be exercised in whole or in part. The aggregate purchase
price for all of that Principal's and his Permitted Transferees' LLC Interests
and associated Membership Points purchased pursuant to this Section 7.3(a) shall
be the Purchase Price thereof. Each of Balentine and the Other Principals shall
pay the Purchase Price in proportion to the amount of LLC Interests and
associated Membership Points being purchased by that Person.

         The Purchase Closing Date for a purchase pursuant to this Section
7.3(a) shall be within ten days following the earlier of the expiration of the
time periods contained in the preceding paragraph or the delivery of the Call
Notice by Balentine. At the closing of the purchase from the Principal, the
estate of the deceased Principal and/or the Principal's Permitted Transferees,
Balentine and/or the Other Principals shall deliver to the Principal, his or its
Permitted Transferees or the personal representative of the deceased Principal's
estate, as the case may be, the Purchase Price by certified check or wire
transfer of immediately available funds against delivery of the LLC Interests
and associated Membership Points, free and clear of all liens, security
interests and other encumbrances, and any other documents or instruments of
transfer as they may reasonably request. Balentine and the Other Principals may
purchase life insurance or

                                     -28-
<PAGE>
disability insurance on any Principal. Each Principal shall cooperate with
Balentine and the Other Principals in obtaining that insurance, including
taking any required physical examinations.

         b.    Within 60 days following (1) the date the Principal's employment
with the LLC is terminated other than by reason of death, Disability or
Retirement; (2) the date the Principal becomes a Non-Voting Member pursuant to
Section 4.6(d); or (3) a transfer required by operation of law or other
involuntary transfer of a Principal's or his or its Permitted Transferee's LLC
Interests and associated Membership Points, the Other Principals (in proportion
to their Membership Points or in such other proportions as the Principals'
Representative may determine) may exercise a Call with respect to all or any
portion of that Principal's and that Principal's Permitted Transferees' LLC
Interests and associated Membership Points. If some or all of a Principal's or
his or its Permitted Transferees' LLC Interests and associated Membership Points
are transferred by operation of law or by means of any other involuntary
transfer, that Person shall cause its transferees to comply with all of the
requirements of this Section 7.3 as though they were parties hereto. A Call may
be exercised by the Other Principals providing a Call Notice to the Principal
and/or the Principal's Permitted Transferees and Balentine within 60 days after
that event, of their intent to purchase all or any portion of the Principal's
and that Principal's Permitted Transferees' LLC Interests and associated
Membership Points. If the Other Principals do not exercise a Call with respect
to all of a Principal's and that Principal's Permitted Transferees' LLC
Interests and associated Membership Points in accordance with the preceding
sentence (or if Balentine has not received any notice from the Other Principals
of their intent to purchase any portion of that Principal's and his or its
Permitted Transferees' LLC Interests and associated Membership Points within the
60-day period described in this Section 7.3(b)), Balentine shall have an
additional 60 days to exercise a Call with respect to that portion of the
Principal's and that Principal's Permitted Transferees' LLC Interests and
associated Membership Points for which the Other Principals do not exercise a
Call by providing a Call Notice to the Principal and his or its Permitted
Transferees. Notwithstanding anything to the contrary contained herein, the
Other Principals and Balentine shall not be obligated to exercise any Call, and
any right granted in this Section 7.3(b) may be exercised in whole or in part.

         If a Call is exercised as a result of (1) a Principal's employment with
the LLC being terminated without Cause or by reason of voluntary resignation of
his employment with the LLC; or (2) a transfer required by operation of law or
other involuntary transfer of a Principal's or that Principal's Permitted
Transferees' LLC Interests and associated Membership Points, the purchase price
payable by the Other Principals and/or Balentine to that Principal and his or
its Permitted Transferees for their LLC Interests and associated Membership
Points shall be the Purchase Price. If a Principal's employment with the LLC is
terminated by the LLC for Cause or if the Principal becomes a Non-Voting Member
pursuant to Section 4.6(d), then, notwithstanding anything else to the contrary
herein, the Purchase Price payable by the Other Principals and/or Balentine to
that Principal and his or its Permitted Transferees for their LLC Interests
shall be 60% of the Purchase Price that would otherwise apply.

                                     -29-
<PAGE>
         The Purchase Closing Date under this Section 7.3(b) shall be within ten
days following the earlier of the expiration of the time periods contained in
the first paragraph of this Section 7.3(b) or the delivery of the Call Notice by
Balentine. At the closing of the purchase from the Principal, and/or the
Principal's Permitted Transferees, Balentine and/or the Other Principals shall
deliver to the Principal, or his or its Permitted Transferees, as the case may
be, the Purchase Price by certified check or wire transfer of immediately
available funds against delivery of the LLC Interests and associated Membership
Points, free and clear of all liens, security interests and other encumbrances,
and any other documents or instruments of transfer as they may reasonably
request.

         c.    Notwithstanding the foregoing, if a Call is exercised with
respect to the LLC Interests and associated Membership Points of a Principal or
his or its Permitted Transferees who has voluntarily resigned his employment
with the LLC other than by death, Disability or Retirement or for Good Reason or
whose employment by the LLC is terminated for Cause or if the Principal becomes
a Non-Voting Member pursuant to Section 4.6(d), in each case at any time prior
to March 31, 2006, then the portion of the Purchase Price payable to that
Principal and his or its Permitted Transferees shall be paid by delivery of a
three-year promissory note of the purchaser(s) of such LLC Interests and
associated Membership Points to the selling Principal and his or its Permitted
Transferees, which shall bear interest at the "applicable federal rate"
determined under Section 1274(d) of the Code for three-year instruments (a
"Note"), payable quarterly, and the principal of which shall be payable three
years after the Purchase Closing Date. If such employment is terminated after
March 31, 2006, the Purchase Price must be paid in cash as provided above.

         d.    On the last day of the month in which a Call is exercised, the
Principal who has died, become Disabled or Retired and his or its Permitted
Transferees, or the Principal and his or its Permitted Transferees who have
received a Call Notice, shall cease to have any rights as a Member with respect
to the LLC Interest for which Calls have been exercised, other than (1) the
right to receive the Purchase Price on the Purchase Closing Date and (2) the
right to receive distributions and allocations with respect to that LLC Interest
through the Purchase Closing Date.

         e.    In the event of the death, Disability or Retirement of Robert,
the Family Trust shall be treated for purposes of this Section 7.3 as having
died, become Disabled or Retired on the date Robert died, became Disabled or
Retired. If Robert's employment with the LLC is terminated other than by reason
of death, Disability or Retirement, or if his Membership in the LLC is
terminated for Cause, then the Family Trust shall be treated for purposes of
this Section 7.3 as having terminated employment with the LLC or terminated its
membership in the LLC in such circumstance and on such date, except that, with
respect to only those LLC Interests owned by the Family Trust as of the date
hereof, each of the Family Trust shall, notwithstanding any provision to the
contrary in Section 7.3(b), receive 100% of the Purchase Price for those LLC
Interests and such amount shall be paid in cash.

         f.    If the Insurance Trust has not exercised all of its Put rights
pursuant to Section 7.2 by March 31, 2009, the Other Principals (in proportion
to their Membership Points or in such

                                     -30-
<PAGE>
other proportions as the Principals' Representative may determine) may exercise
a Call with respect to all or any portion of the Insurance Trust's LLC
Interests and associated Membership Points.  A Call may be exercised by the
Other Principals by providing a Call Notice to the Insurance Trust and
Balentine within 60 days after March 31, 2009 of their intent to purchase all
or any portion of the Insurance Trust's LLC Interests and associated Membership
Points. If the Other Principals do not exercise a Call with respect to all of
the Insurance Trust's LLC Interests and associated Membership Points in
accordance with the preceding sentence (or if Balentine has not received any
notice from the Other Principals of their intent to purchase any portion of the
Insurance Trust's LLC Interests and associated Membership Points within the
60-day period described in this Section 7.3(f)), Balentine shall have an
additional 60 days to exercise a Call with respect to that portion of the
Insurance Trust's LLC Interests and associated Membership Points for which the
Other Principals do not exercise a Call by providing a Call Notice to the
Insurance Trust. Notwithstanding anything to the contrary contained herein, the
Other Principals and Balentine shall not be obligated to exercise any Call, and
any right granted in this Section 7.3(f) may be exercised in whole or in part.

         The Purchase Closing Date under this Section 7.3(f) shall be within ten
days following the earlier of the expiration of the time periods contained in
the first paragraph of this Section 7.3(f) or the delivery of the Call Notice by
Balentine. At the closing of the purchase from the Principal, and/or the
Principal's Permitted Transferees, Balentine and/or the Other Principals shall
deliver to the Principal, or his or its Permitted Transferees, as the case may
be, the Purchase Price by certified check or wire transfer of immediately
available funds against delivery of the LLC Interests and associated Membership
Points, free and clear of all liens, security interests and other encumbrances,
and any other documents or instruments of transfer as they may reasonably
request.

         Section 7.4. Right of First Refusal.

         a.    If Balentine desires to sell any or all of Balentine's LLC
Interests to a third party (other than a Permitted Transferee) and Balentine
receives an offer from a third party that would permit Balentine to do so,
Balentine shall give notice ("Offer Notice") to the LLC and the Principals
within 15 days of receipt of such offer ("Offer"), which Offer Notice shall set
forth the name and address of the third party, the amount of the Membership
Points associated with the LLC Interests to be sold, the proposed purchase price
and the other terms and conditions of the Offer. The Principals shall have the
option, exercisable by notice to Balentine, within 60 days of the date of the
Offer Notice ("Election Period"), to purchase, pro rata in proportion to their
Membership Points, all (but not less than all) of the Balentine LLC Interests
and associated Membership Points subject to the Offer ("Offered Membership
Points") at the same price and on substantially the same terms specified in the
Offer except as provided in Section 7.4(c); provided, however, (i) that, if one
or more of the Principals does not elect to purchase his or its full
proportionate amount of the Offered Membership Points, then the balance may be
purchased by each of the other Principals ("Remaining Principals") in an amount
equal to the balance multiplied by a fraction, the numerator of which is the
number of Membership Points then held by a Remaining Principal and the
denominator of which is the number of Membership Points

                                     -31-
<PAGE>
then held by all of the Remaining Principals, or in such other proportions as
they may agree, and (ii) that the Remaining Principals must exercise their
option to purchase all of the Offered Membership Points pro rata, or in such
other proportions as such Remaining Principals may agree, within ten days
("Final Election Period") after expiration of the Election Period.

         b.    If neither the Principals nor the Remaining Principals elect to
purchase all of the Offered Membership Points, Balentine may, notwithstanding
the other provisions of this Article 7, within 60 days after expiration of the
last applicable Election Period, transfer all (but not less than all) of the
Offered Membership Points to the third party upon the same terms and conditions
of the Offer (but, if the Offered Membership Points are not transferred within
that 60-day period, they shall again be subject to this Agreement and a new
right of first refusal); provided, however, that no such transfer may be made to
such third party unless the third party executes and delivers to the LLC a
written agreement, in form and substance satisfactory to the Board, agreeing to
be bound by the provisions of this Agreement, in which event the third party
shall become a Voting Member with the number of Membership Points associated
with the Offered Membership Points.

         c.    The closing of any purchase under this Section 7.4 shall be held
at a place and date specified by the purchaser(s) of the Offered Membership
Points ("Purchaser(s)"), but not more than 60 days after expiration of the last
applicable Election Period. At such closing, the Offered Membership Points shall
be delivered by Balentine to the Purchaser(s) thereof, free and clear of all
liens, security interests and other encumbrances, and the Purchaser(s) shall pay
the purchase price for the Offered Membership Points, and Balentine shall have
right to receive distributions and allocations with respect to those Offered
Membership Points through the Purchase Closing Date. If some or all of the
Principals are the Purchaser(s), the purchase price shall be payable in cash by
the Purchaser(s) even if some of the consideration provided in the Offer was in
a form other than cash, in which case such Purchaser(s) and Balentine shall in
good faith ascribe a value to such non-cash consideration. If such Purchaser(s)
and Balentine cannot agree on the value of the non-cash consideration, they
shall retain an independent appraiser, mutually acceptable to such Purchaser(s)
and Balentine, and the average of the high and low values ascribed to the
non-cash consideration by the appraiser shall be such value. The fees of such
appraiser shall be split equally between such Purchaser(s) (pro rata in
proportion to number of Membership Points held by each such Purchaser) and
Balentine.

         d.    If all of Balentine's LLC Interests and associated Membership
Points are purchased by a third party, then such third party shall succeed to
all of Balentine's rights and obligations under this Agreement, including the
obligations of Balentine under Section 7.5. If Balentine transfers part of its
LLC Interests and associated Membership Points to such third party pursuant to
this Section 7.4, the Principals, Balentine and such third party shall make
appropriate adjustments to the terms of this Agreement to entitle such third
party to exercise Balentine's rights under Sections 7.2 and 7.3 proportionately
with Balentine, and to otherwise grant such third party rights similar to
Balentine's other rights under this Agreement.

                                     -32-
<PAGE>
         Section 7.5. Change of Control.

         a.    In the event of a Change of Control of WTC or the LLC, each of
the Principals or their Permitted Transferees shall have the right, which must
be exercised within six months after such Change of Control, to put to Balentine
all or a portion of the LLC Interests and associated Membership Points held by
such Principal and/or Permitted Transferee. Upon exercise of a put under this
Section 7.5, Balentine shall thereupon become obligated to purchase the LLC
Interests and associated Membership Points with respect to which the put has
been exercised. The Purchase Closing Date under this Section 7.5(a) shall be
within 60 days following the delivery of the notice by a Principal and his or
its Permitted Transferees, and such Persons shall have the right to receive
distributions and allocations on the LLC Interests to be purchased through the
Purchase Closing Date. At the Purchase Closing Date, Balentine shall deliver to
the Principal, or his or its Permitted Transferees, as the case may be, the
Purchase Price by certified check or wire transfer of immediately available
funds against delivery of the LLC Interests and associated Membership Points,
free and clear of all liens, security interests and other encumbrances, and any
other documents or instruments of transfer as Balentine may reasonably request.

         b.    In the event of a Change of Control of WTC prior to March 31,
2006, if the Principals do not elect to receive the accelerated payments
pursuant to Section 3.1(c) of the Merger Agreement and less than all of the
Principals and their Permitted Transferees exercise the put right provided for
in Section 7.5(a), the Principals who or that have not exercised their put
pursuant to Section 7.5(a) shall have the right to purchase all, but not less
than all, outstanding LLC Interests then held by Balentine, WTI, WTC and their
Permitted Transferees from such Persons, including those put under Section
7.5(a). This right to purchase may be exercised by some or all of such
Principals by providing written notice to WTC or its successor within eight
months after the Change of Control of their intent to purchase all, but not less
than all, outstanding LLC Interests from Balentine, WTI, WTC and their Permitted
Transferees. The Purchase Closing Date under this Section 7.5(b) shall be within
30 days following the delivery of the notice by such Principals. At the Purchase
Closing Date, such Principals shall deliver to Balentine, WTI, WTC or their
Permitted Transferees, as the case may be, the WTC Change of Control Purchase
Price by certified check or wire transfer of immediately available funds against
delivery of the LLC Interests, free and clear of all liens, security interests
and other encumbrances, and any other documents or instruments of transfer as
they may reasonably request. Balentine shall have the right to receive
distributions and allocations with respect to those LLC Interests through the
Purchase Closing Date.

         Section 7.6. Substitute Members. Any Transfer of LLC Interests other
than pursuant to this Article 7 shall nevertheless not entitle the transferee,
unless already a Member, to become a Member or be entitled to exercise or
receive any right, power or benefit of a Member other than the right to share in
profits and losses, receive distributions and allocations of income, gain, loss,
deduction or credit or similar item to which the transferor Member would
otherwise be entitled, to the extent assigned, unless the transferor Member
designates, in a written instrument delivered to the Board, its transferee to
become a substitute Member and the Board, in its sole and absolute discretion,
consents to the admission of that transferee as a Non-Voting Member. That
transferee

                                     -33-
<PAGE>
shall not become a substitute Member without having first executed an
instrument satisfactory to the Board accepting and agreeing to the terms and
conditions of this Agreement, including a counterpart signature page to this
Agreement, and without having paid to the LLC a fee sufficient to cover all
reasonable expenses of the LLC in connection with that transferee's admission
as a substitute Member.

         Section 7.7. Recognition of Transfer by LLC. No Transfer of a Member's
LLC Interest or any part thereof in violation of this Article 7 shall be valid
or effective, and neither the LLC nor the Members shall recognize the same for
the purpose of making distributions pursuant to this Article 7 with respect to
that transferred LLC Interest or part thereof. Neither the LLC, any member of
the Board nor any Member shall incur any liability as a result of refusing to
make any distributions to the transferee of any such invalid Transfer. Upon the
valid transfer of a Member's LLC Interest, that Person shall cease to be a
Member, and the LLC's books and records, including Schedule 1, shall be revised
to reflect that event.

         Section 7.8. Order of Puts and Calls and Right of First Refusal. With
respect to Sections 7.2, 7.3 and 7.4, the first to occur of (1) the delivery of
a Put Notice under Section 7.2(d); (2) the delivery of the first Call Notice
under Section 7.3(a) or (b); or (3) the delivery of an Offer Notice under
Section 7.4, shall govern the rights and obligations of the parties with respect
to the LLC Interests subject to the Put Notice, the Call Notice, the Purchase
Notice or the Offer Notice. Notwithstanding the foregoing, the delivery of a put
notice under Section 7.5(a) or a call notice under Section 7.5(b) shall govern
the rights and obligations of the parties with respect to the LLC Interests.

         Section 7.9. Indemnification. In the case of a Transfer or attempted
Transfer of an LLC Interest that has not received the consents required by this
Article 7, the parties engaging or attempting to engage in that Transfer shall
be liable to indemnify and hold the LLC and the other Members harmless from all
costs, liabilities and damages any such indemnified Person may incur (including,
without limitation, incremental tax liability and attorneys' fees and expenses)
as a result of that Transfer or attempted Transfer and efforts to enforce the
indemnity granted hereby.

         Section 7.10. Issuance of Additional LLC Interests.

         a.    Subject to Sections 5.13(d), 7.1, 7.2, 7.3 and 7.4, the Board may
admit new Members to the LLC, issue additional LLC Interests and grant options
to purchase LLC Interests upon terms and conditions it may establish from time
to time, which terms may include any Capital Deduction Amount relating to the
LLC Interests and, the rights, if any, that a holder of such LLC Interests will
have relating to the matters discussed in this Article 7. As a condition to the
admission of a new Member, that Member must become a party to this Agreement.

         b.    Upon the issuance of additional LLC Interests with associated
Membership Points to a Member, an Officer shall make the appropriate revisions
to Schedule 1.

                                     -34-
<PAGE>
         Section 7.11. Assignment of Balentine's Rights and Obligations.
Balentine may assign any or all of its rights and delegate any or all of its
obligations under this Article 7 to one or more of its Affiliates.

         Section 7.12. Guarantee of Performance. WTC hereby guarantees due and
punctual payment and performance when due of all obligations of Balentine (and
any assignee or delegate under Section 7.11) under this Agreement (as such may
be amended or modified subsequent to the date hereof). This guaranty shall be an
absolute obligation of WTC for its own account and a guaranty of payment, and
not of collection.

                                   ARTICLE 8
                                BOOKS AND RECORDS

         Section 8.1. Books, Records and Financial Statements. The LLC's
Secretary shall prepare and maintain, or cause to be prepared and maintained,
the LLC's books of account. Those books of account and all financial records of
the LLC shall be kept at its office located at 3455 Peachtree Road, Suite 2000,
Atlanta, Georgia 30326. The Secretary shall also cause the following documents
to be transmitted at the times hereinafter set forth:

         a.    To each Member, as soon as available, a balance sheet, income
statement and cash flow statement of the LLC, and a statement of such Member's
Capital Account balance, as of the end of the preceding Fiscal Year, all of
which shall be audited by the LLC's independent accounting firm;

         b.    To each Member, as soon as available and in any event within 30
days after the end of each of the first three quarters of each of the LLC's
Fiscal Year, a balance sheet, income statement and cash flow statement of the
LLC, and a statement of such Member's Capital Account balance, as of the end of
that quarter;

         c.    To each Member, as soon as available from the LLC's accountants,
a copy of the annual federal and state income tax return of the LLC and a
Schedule K-1 indicating such Member's taxable income or loss for that Fiscal
Year;

         d.    To each Member, at least ten days prior to each date on which any
federal or state estimated income tax payment is due, a schedule setting forth
the LLC's estimated taxable income allocable to such Member for the current
Fiscal Year; and

         e.    To Balentine, within five business days after the end of each
quarter, an estimate of the net income of the LLC for the year-to-date period
through the end of that quarter.

         Section 8.2. Accounting Method. The LLC's books and records shall be
kept on an accrual basis for financial reporting and tax purposes. All records
shall be maintained in accordance with

                                     -35-
<PAGE>
GAAP and shall reflect all LLC transactions and be appropriate and adequate for
the LLC's business.

         Section 8.3. LLC's Independent Accounting Firm. The LLC's independent
accounting firm shall be selected by the Principals and shall be acceptable to
WTI, which acceptance will not be unreasonably withheld, conditioned or delayed.

                                   ARTICLE 9
                                  TAX MATTERS

         Section 9.1. Tax Matters Member.

         a.    The LLC's initial "tax matters partner" designated under Code
Section 6231(a)(7) and Section 301.6231(a)(7)-1 of the Treasury Regulations (the
"Tax Matters Member") shall be the LLC's Chief Executive Officer, who shall be a
Member at all times he or she is serving as the Tax Matters Member. Each Member,
by executing this Agreement, consents to such designation of the Tax Matters
Member and agrees to execute, certify, acknowledge, deliver, swear to, file and
record at the appropriate public offices all documents necessary or appropriate
to evidence such consent.

         b.    The Tax Matters Member shall have the power to manage and
control, on the LLC's behalf, any administrative proceeding at the LLC level
with the Internal Revenue Service relating to the determination of any item of
LLC income, gain, loss, deduction or credit for federal income tax purposes. In
furtherance of the foregoing, the Tax Matters Member shall have all the powers
and responsibilities of such position provided in the Code and (1) shall
promptly furnish the Internal Revenue Service with information sufficient to
cause each Member to be treated as a "notice partner" as defined in Code Section
6231(a)(8), (2) shall, within ten days of the receipt of any notice from the
Internal Revenue Service in any administrative proceeding at the LLC level
relating to the determination of any LLC item of income, gain, loss or
deduction, mail a copy of that notice to each Member and (3) shall not file any
action or suit, extend any statute of limitations or settle any action or suit
relating to the LLC's tax matters without first notifying each Member.
Reasonable expenses incurred by the Tax Matters Member, in his capacity as such,
will be treated as LLC expenses hereunder and will be deducted in computing the
Run Rate.

         c.    The Board may at any time hereafter designate from among the
Members a new Tax Matters Member.

         Section 9.2. Right to Make Tax Elections; Tax Classification.

         a.    Subject to Section 5.13(d), the Board may, in its discretion,
make or revoke, on the LLC's behalf, elections for federal income tax purposes
permitted under the Code, including

                                     -36-
<PAGE>
an election in accordance with Code Section 754. Upon request of the Board,
each Member shall supply the information necessary to give effect to such an
election.

         b.    Each Member intends that the LLC be classified for federal tax
purposes as a partnership that is not a "publicly traded partnership" treated as
a corporation under Code Section 7704(a), and each Member shall at all times use
commercially reasonable efforts to maintain the LLC's classification as such.
The LLC shall not elect to be classified as other than a partnership for federal
tax purposes.

                                   ARTICLE 10
                   LIABILITY, EXCULPATION AND INDEMNIFICATION

         Section 10.1. Liability.

         a.    Except as otherwise provided herein, any document referred to or
incorporated herein or by the Delaware Act, the debts, obligations and
liabilities of the LLC, whether arising in contract, tort or otherwise, shall be
solely the debts, obligations and liabilities of the LLC, and no Member shall be
obligated personally for any debt, obligation or liability of the LLC solely
because he or she is a Member.

         b.    Except as otherwise expressly provided herein, any document
referred to or incorporated herein or by the Delaware Act, a Member, in his
capacity as such, shall have no liability in excess of (1) the amount of that
Member's capital contributions, (2) that Member's share of any assets and
undistributed Profits of the LLC and (3) the amount of any distributions
wrongfully distributed to that Member.

         Section 10.2. Exculpation.

         a.    No Officer or Manager shall be liable to the LLC or any Member
for any loss, damage or claim incurred by reason of any act or omission
performed or omitted by that Officer or Manager in good faith on the LLC's
behalf and in a manner reasonably believed to be in the best interest of the LLC
and within the scope of authority conferred on that Officer or Manager hereby,
except that an Officer or Manager shall be liable for any such loss, damage or
claim incurred by reason of that Officer's or Manager's bad faith, gross
negligence, reckless disregard of his duties hereunder, willful misconduct or
breach of the provisions hereof or in connection with any transaction for which
such Officer or Manager or any Affiliate thereof received an improper personal
benefit.

         b.    An Officer or Manager shall be protected fully in relying in good
faith upon the LLC's records and upon information, opinions, reports or
statements presented to the LLC by any person as to matters the Officer or
Manager reasonably believes are within that person's professional or expert
competence and who has been selected with reasonable care by or on behalf of the
LLC, including information, opinions, reports or statements as to the value and

                                     -37-
<PAGE>
amount of the assets, liabilities, profits, losses or net cash flow or any
other facts pertinent to the existence and amount of assets from which
distributions to Members might properly be paid.

         Section 10.3. Indemnification. To the fullest extent permitted by
applicable law, the LLC shall indemnify each Officer and Manager for any loss,
damage or claim incurred by that Officer or Manager by reason of any act or
omission that Officer or Manager performed or omitted in good faith on behalf of
the LLC and in a manner reasonably believed to be in the best interest of the
LLC and within the scope of authority conferred on that Officer or Manager or
hereby, except that no Officer or Manager shall be entitled to be indemnified in
respect of any loss, damage or claim incurred by that Officer or Manager by
reason of bad faith, gross negligence, reckless disregard of his duties
hereunder, willful misconduct or breach of the provisions hereof with respect to
those acts or omissions or in connection with any transaction for which such
Officer or Manager or any Affiliate thereof received an improper personal
benefit. Notwithstanding the foregoing: (a) any indemnity under this Section
10.3 shall be provided out of and to the extent of LLC assets only, and no
Member shall have any personal liability on account thereof; and (b) nothing
contained herein shall limit any indemnification or other rights of the LLC or
any Member under the Merger Agreement or any document referred to or
incorporated therein.

         Section 10.4. Expenses. To the fullest extent permitted by applicable
law, the LLC shall advance to an Officer or Manager any expenses, including
legal fees, that Officer or Manager incurs in defending any claim, demand,
action, suit or proceeding (that advance to be made prior to the final
disposition of that claim, demand, action, suit or proceeding), including,
without limitation, claims, demands, actions, suits or proceedings with respect
to which that Officer or Manager is alleged to have not met the applicable
standard of conduct or is alleged to have acted or failed to act in a manner
which, if those allegations were true, would not entitle that Officer or Manager
to indemnification hereunder, upon receipt by the LLC of an undertaking by or on
behalf of that Officer or Manager to repay that amount if it is determined that
that Officer or Manager is not entitled to be indemnified as authorized in
Section 10.3.

                                   ARTICLE 11
                        NON-COMPETITION; CONFIDENTIALITY

         Section 11.1. Confidential Information.

         a.    Each Member acknowledges and agrees that (1) the investment
advisory and investment management business is an intensely competitive
business, (2) as a result of his or its association with the Balentine Entities,
he or it has had access to, and is and will be in possession of, Confidential
Information, all is which is of vital importance to the success of the Balentine
Entities, WTI and WTI's Affiliates, and (3) the use by such Member for his or
its own account or the disclosure by Member to any existing or potential
competitor of a Balentine Entity, WTI or WTI's Affiliates of Confidential
Information would place the Balentine Entities, WTI, or WTI's

                                     -38-
<PAGE>
Affiliates at a serious competitive disadvantage and cause irreparable harm to
the business of the Balentine Entities, WTI or WTI's Affiliates.

         b.    Each Member acknowledges and agrees that "Confidential
Information" includes, without limitation:

               (1)  trade secrets relating to the business practices of the
Balentine Entities, WTI or WTI's Affiliates and other information pertaining to
the goodwill of the Balentine Entities, WTI or WTI's Affiliates and Clients and
WTI Clients;

               (2)  "non-public personal information," as that phrase is defined
in Section 509 of Title V of the Gramm-Leach-Bliley Act and federal Regulation P
promulgated thereunder by the Federal Reserve Board, of natural person Clients
or WTI Clients, except that, for purposes of this Agreement, such term shall
extend to all such clients, present and former. "Non-public personal
information" means (i) personally identifiable client financial information,
including, but not limited to, information provided to, or obtained by, the
Balentine Entities or WTI or its Affiliates confidentially or on a non-public
basis, and (ii) any list, description, or other grouping of clients (and
publicly available information pertaining to them) that is derived using any
personally identifiable financial information that is not publicly available;

               (3)  proprietary financial products of the Balentine Entities,
WTI or WTI's Affiliates, embodying the unique trade know-how and operational
methods of the Balentine Entities, WTI or WTI's Affiliates, and, without
limitation, all trade know-how, secrets, operational methods, pricing,
investment policies, procedures, personnel, concepts, format, style, techniques,
proprietary software, business strategies, client investment strategies and
other financial information, and other business affairs of the Balentine
Entities, WTI or WTI's Affiliates that are unique to the Balentine Entities, WTI
or WTI's Affiliates and are made known to or learned by such Member heretofore
or hereafter; and

               (4)  lists of WTI Clients.

         c.    Each Member acknowledges and agrees that (1) Confidential
Information is and shall remain the sole and exclusive property of the
appropriate Balentine Entity or WTI or its Affiliates, as the case may be, and
such Member does not have and shall not have any right, title or interest
therein by virtue of his or her status as an executive of the LLC or a Member,
and (2) Confidential Information is not readily accessible to competitors of the
Balentine Entities or WTI or its Affiliates, as the case may be.

         d.    By reason of Sections 11.1(a), (b) and (c) above, each Member
covenants that he or it shall not directly or indirectly, reveal, divulge or
make known to any Person other than the Balentine Entities, WTI, or WTI's
Affiliates or use for his own account, or for the account of any Person other
than the Balentine Entities, WTI, or WTI's Affiliates, (1) until such Member
ceases to be a Member and for a period of five years thereafter, any
Confidential Information relating to WTI or its Affiliates or WTI Clients; (2)
until such Member ceases to be a Member and

                                     -39-
<PAGE>
thereafter, any Confidential Information not permitted to be revealed,
divulged, or made known under the LLC's, WTI's, its Affiliates' or the
Balentine Entities' policies to comply with all applicable U.S. federal and
state privacy laws in effect, including, without limitation, Title V of the
Gramm-Leach-Bliley Act, the Fair Credit Reporting Act, and any and all
applicable regulations implementing either Act or successor Act; and (3) until
such Member ceases to be a Member and for a period of five years thereafter,
any Confidential Information not included in clauses (1) and (2) of this
subsection.

         e.    Each Principal (1) shall comply, until such Member ceases to be a
Member, with all reasonable procedures each Balentine Entity, WTI or one of its
Affiliates may adopt from time to time to preserve the confidentiality of the
Confidential Information; (2) acknowledges that the absence of any legend
indicating the confidentiality of any materials will not give rise to an
inference that the contents thereof or information derived therefrom are not
confidential; and (3) shall immediately following the termination of such
Principal's employment with or membership in the LLC return to each Balentine
Entity, WTI or such WTI Affiliate, as the case may be, all materials that
Balentine Entity or WTI or any of WTI's Affiliates provides such Principal
during the Term, all works created by such Principal or others in the course of
his, her, or their employment duties during the Term and all copies thereof.
Notwithstanding the foregoing, the limitations imposed on such Principal
pursuant to this Section 11.1 shall not apply to such Principal's (y) compliance
with legal process or subpoena, or (z) statements in response to inquiry from a
court or regulatory body; provided that, to the extent permitted by law, such
Principal gives the appropriate Balentine Entities, WTI or its Affiliates
reasonable prior written notice of that process, subpoena or request and uses
reasonable efforts to obtain confidential treatment of the Confidential
Information.

         Section 11.2. Non-Competition. With respect to a natural person
Principal, until the termination of a Principal's employment with the LLC and
each of its Subsidiaries (the "Restricted Period"), such Principal shall not,
for whatever reason, whether for his or her account or for the account of any
other Person, without the prior written consent of the LLC, as a shareholder,
employee, partner, member, board member, consultant, independent contractor,
representative or otherwise, engage in any business competitive with any
business conducted by the Balentine Entities or the Existing Funds at any time
during the Restricted Period, in the Metropolitan Statistical Areas of Atlanta,
Georgia, or Nashville, Tennessee (the "Restricted Area"); provided, however,
that Robert's Restricted Period shall extend until one year after the
termination of his employment with the LLC and each of its Subsidiaries.
Notwithstanding the foregoing, nothing herein shall prohibit such Principal from
being engaged in a competitive business during the Restricted Period if such
Principal is not providing to such competing business services comparable to
services provided to the LLC or from being a shareholder or equity holder in any
publicly-traded entity whose business is competitive with, the business
heretofore conducted, or conducted at any time during the Restricted Period and
in the Restricted Area, by the Balentine Entities or the Existing Funds, as long
as such Principal does not hold more than a three percent equity interest in
that publicly-traded entity, provided that an investment in WTC shall not come
within this limitation. Each Principal acknowledges that the Restricted Period
and the Restricted Area in this paragraph are appropriate given the unique
nature of the services he or she has provided and

                                     -40-
<PAGE>
will provide the Balentine Entities, and further acknowledges that his or her
fulfillment of the Restricted Period and Restricted Area in this Section 11.2
will not cause him or her substantial economic hardship and will not render him
or her unemployable within the investment management industry. The restrictions
set forth in this Section 11.2 shall not apply if Robert's employment with the
LLC and each of its Subsidiaries is terminated by the LLC and such Subsidiaries
without Cause or by Robert for Good Reason.

         Section 11.3. Non-Solicitation. Until one year after the date of
termination of each Principal's employment with the LLC and each of its
Subsidiaries, such Principal shall not, directly or indirectly, for whatever
reason, whether for his own account or the account of any Person, without the
prior written consent of the LLC:

         a.    solicit, either directly or indirectly, or otherwise induce or
attempt to induce any WTI Client whose residence or principal office is located
in Georgia, Tennessee, North Carolina, South Carolina, Alabama, Florida,
Delaware, Maryland, Pennsylvania, New York, Nevada or California, or any Client
whose residence or principal business office is located in Georgia, Tennessee,
North Carolina, South Carolina, Alabama or Florida to place any funds or
securities under management with any Person other than WTC, its Affiliates, the
Balentine Entities or the Existing Funds and will otherwise treat the list of
Clients as if it were Confidential Information; provided, however, that the
prohibition of this covenant shall apply only to such clients with whom the
Principal had Material Contact on the LLC's or one of its Subsidiaries' behalf
during the twelve (12) months immediately preceding the termination of his
employment. For purposes of this Agreement, a Principal has "Material Contact"
with such client if (1) he had business dealings with such client on the LLC's
or one of its Subsidiaries' behalf, (2) he was responsible for supervising or
coordinating the dealings between the LLC (or one of its Subsidiaries) and such
client, or (3) he obtained Confidential Information about such client as a
result of his association with the LLC or one of its Subsidiaries; or

         b.    solicit or hire any Person who is, or was during the 12 months
prior to the time of such Principal's termination of employment, employed by or
associated with a Balentine Entity, WTI or a WTI Affiliate as an executive,
officer, employee, manager, salesman, consultant, independent contractor,
representative or other agent or induce such Person to terminate his or her
employment relationship with any Balentine Entity or to enter into employment
with any other Person.

         The restrictions set forth in this Section 11.3 shall not apply if a
Principal's employment with the LLC and each of its Subsidiaries is terminated
by the LLC and such Subsidiaries without Cause or by such Member for Good
Reason.

         Nothing in Section 11.3(a) or (b) shall permit a Principal to use
Confidential Information made available by WTI or any of its Affiliates to the
Balentine Entities (including, without limitation, WTI Client lists) for any
purpose other than the pursuit of the Balentine Entities' business objectives or
those of WTI or its Affiliates.

                                     -41-
<PAGE>
         Section 11.4. Use of Performance Information. Each Principal covenants
that he or it will not, at any time after the date hereof, for whatever reason,
whether for his or its account or for the account of any other Person (other
than a Balentine Entity), publish any investment results or performance
information of a Balentine Entity or an Existing Fund (including, without
limitation, the investment performance of any accounts or groups of accounts for
which such Principal was a portfolio manager), in connection with any business
similar to, related to or in competition with the business conducted by a
Balentine Entity, unless such Principal refrains from taking any credit,
explicitly or implicitly, for the achievement of those results or performance.

         Section 11.5. Specific Performance.

         a.    The Members acknowledge that it is fair and reasonable that they
make the covenants and undertakings set forth above, and have done so with the
benefit of the advice of counsel. In addition, the Members acknowledge that any
breach or attempted breach by any of them of the provisions of this Article 11
will cause irreparable harm to WTI, its Affiliates and each Balentine Entity,
for which monetary damages will not be an adequate remedy. Accordingly, WTI, its
Affiliates and each Balentine Entity shall be entitled to apply for and obtain
injunctive relief (temporary, preliminary and permanent) to restrain the breach
or threatened breach of, or otherwise to specifically enforce, any provision of
this Article 11, without the requirement to post a bond or provide other
security. Nothing herein shall be construed as a limitation or waiver of any
other right or remedy that may be available to the WTI, its Affiliates or a
Balentine Entity for that breach or threatened breach. For emergency relief
(including temporary and preliminary injunctive relief), an application may be
made in any court of competent jurisdiction. The Members further agree that the
subject matter and duration of the restrictions covered herein are reasonable in
light of the facts as they exist today. If any restriction contained in this
Article 11 is deemed unreasonable by a court, it shall, to the extent permitted
by applicable law, be reduced to the maximum restriction that is enforceable
under such law.

         b.    The restrictions set forth in Section 11.1 shall apply to
Permitted Transferees who own LLC Interests.

         c.    If Principals exercise their purchase rights under
Section 7.5(b), then WTC and its Affiliates shall only be entitled to enforce
their rights under Article 11 with respect to Confidential Information relating
to WTC, one of its Affiliates (other than the LLC and its Subsidiaries) and WTI
Clients, and with respect to non-solicitation of WTI Clients and employees of
WTI or one of its Affiliates (other than the LLC and its Subsidiaries).

                                     -42-
<PAGE>
                                   ARTICLE 12
                                CERTAIN COVENANTS

         Section 12.1. Compliance with Laws; Maintenance.

         a.    The LLC and the Subsidiaries shall and the Board shall cause the
LLC to comply in all material respects with all laws and regulations applicable
to the LLC and the Subsidiaries (including, without limitation, all federal and
state laws and regulations relating to investment advisers and all laws and
regulations applicable to the LLC and the Subsidiaries as an Affiliate of a
bank, a thrift or a bank or thrift holding company.

         b.    The LLC and the Subsidiaries shall maintain in full force and
effect its limited liability company or other existence, rights and franchises
and all other rights, licenses and registrations owned or possessed by them.

         Section 12.2. Business Agreements.

         a.    Each Principal covenants that, from and after the date hereof,
the Existing Funds and all other private investment funds, if any, for which the
LLC or any Subsidiary serves as a general partner or managing member shall not
at any time own or otherwise control in the aggregate more than 5% of any class
of voting securities of any Person; provided that WTC agrees to use commercially
reasonable efforts to assist the LLC or any Subsidiary in reallocating any
shares in order to reduce or maintain its ownership or control under such
percentage.

         b.    (1) Subject to Section 5.13(d), to WTC's fiduciary and other
professional duties and to the requirements of law, WTC will refer to the LLC
and its Subsidiaries all New Business Opportunities that are derived from or
referred to WTC and its Affiliates (other than Cramer Rosenthal McGlynn, LLC and
Roxbury Capital Management, LLC) from within the States of Alabama, Georgia,
Mississippi, North Carolina, South Carolina and Tennessee. As provided in
Section 5.13(d)(14), the Board shall unanimously agree on which New Business
Opportunities the LLC should pursue and on a budget and business plan for the
implementation of any such New Business Opportunity. If all of the Managers
designated by the Principals vote to approve the New Business Opportunity
pursuant to Section 5.13(d)(14) but some or all of the Managers designated by
Balentine, WTC or their Affiliates do not, WTC and its Affiliates (other than
Cramer Rosenthal McGlynn, LLC and Roxbury Capital Management, LLC) will be
prohibited from pursuing the New Business Opportunity without again referring it
to the LLC and its Subsidiaries. If some or all of the Managers designated by
the Principals do not vote to approve the New Business Opportunity pursuant to
Section 5.13(d)(14), WTC and its Affiliates (other than Cramer Rosenthal
McGlynn, LLC and Roxbury Capital Management, LLC) will be permitted to pursue
the New Business Opportunity without again referring it to the LLC and its
Subsidiaries.

                                     -43-
<PAGE>
               (2) Each Member agrees that, from time to time as the LLC incurs
expenses relating to a New Business Opportunity, such Member shall, within 15
days of a written notice by the LLC (which notice will contain reasonable detail
of the net expenses of such New Business Opportunity), make an additional
capital contribution to the LLC in immediately available funds in an amount, in
the proportion that such Member's Membership Points bear to the total
outstanding Membership Points, of the net expenses set forth in such notice. For
these purposes, "net expenses" shall be all expenses less all revenue derived by
such New Business Opportunity. To the extent the LLC has Free Cash Flow on the
due date for any such additional capital contributions, the amount of the net
expenses set forth in such notice shall be paid out of such Free Cash Flow
instead of by the Members' making such contributions, and they shall be promptly
notified thereof.

               (3) WTC will also, at all times consistent with its fiduciary and
other professional duties and subject to the requirements of law in appropriate
circumstances, work cooperatively with the LLC to make available the LLC's
services to a prospective client of WTC or one of its Affiliates whose residence
or principal business office is located in the States of Alabama, Georgia,
Mississippi, North Carolina, South Carolina or Tennessee and whose needs include
services the LLC provides, unless such prospective client makes an unsolicited
request not to be referred to the LLC.

               (4) WTC will use its reasonable best efforts to cause Wilmington
Trust FSB to open a trust and/or banking office in Atlanta and to place the
office in the same space as is presently used by the LLC if commercially
feasible. If such office is in the space presently used by the LLC, Wilmington
Trust FSB will be responsible for its pro rata share of rent and related
expenses based on the percent of square footage occupied by Wilmington Trust
FSB. WTC will cause the Chief Executive Officer of the LLC to be appointed an
officer of Wilmington Trust FSB and cause the other Wilmington Trust FSB staff
in such office to report to such officer. The Wilmington Trust FSB officers and
employees and the LLC's officers and employees will use reasonable best efforts
to coordinate marketing and client development programs and services.

               (5) WTC will make available on a nationwide basis in the United
States the LLC's Subsidiaries' expertise in their manager of managers program,
including in connection therewith asset allocation modeling, asset rebalancing
strategies and manager evaluation and selection. WTC may access this expertise
through client investment in the LLC's Subsidiaries' investment funds,
proprietary WTC investment funds managed by those Subsidiaries, client
customized investment funds managed by those Subsidiaries and/or
non-discretionary advisory services of those Subsidiaries. Accordingly, WTC will
work cooperatively with those Subsidiaries to use their know how and the
services of their officers and employees to provide advice and assistance
relating to the manager of managers program and will pay to the appropriate
Subsidiary a fee for such services and know how as may be agreed by WTC and the
LLC from time to time. The Principals agree to cause those Subsidiaries to use
their reasonable best efforts to meet the reasonable needs of WTC in connection
with the use of the expertise and a condition of WTC's continued use of the
Subsidiaries will depend on those Subsidiaries' meeting commercially reasonable
service levels and performance standards. It is intended that

                                     -44-
<PAGE>
the service levels and performance standards will be discussed by WTC and the
LLC from time to time and will be adjusted from time to time on a mutual basis.

               (6) WTC will provide to the LLC's Subsidiaries client related
services that are available for the use of WTC's other asset management
affiliates, including external asset management, custom-built insurance
products, and marketing materials on a reasonable and fair basis and cost. WTC
will also make available the full array of support services on the same basis as
are made available to its other affiliated asset managers, including internal
asset management, human resources, marketing, financial reporting, tax and
estate planning, compliance and information technology, as the LLC may request
from time to time.

               (7) The LLC shall have the right to elect, on or prior to six
months after the Closing Date, to have the officers and employees of the LLC and
its Subsidiaries participate in some or all WTC's then-existing employee benefit
plans (other than the Wilmington Trust profit sharing plan or bonus or incentive
plans) at the LLC's cost; provided, however, that (i) once the election to
participate or not participate in a particular plan is made it cannot be changed
without WTC's written consent, which shall not be unreasonably withheld, (ii)
such officers and employees are otherwise eligible to participate in such plans
in accordance with their terms, (iii) nothing herein shall entitle such an
officer or employee to participate in a plan where participation is not based
solely on eligibility criteria set forth in the plan and (iv) WTC acknowledges
that there will be no cost to the LLC for WTC stock options granted to officers
and employees of the LLC or its Subsidiaries. With respect to the WTC employee
benefit plans, for all purposes, except for the computation of the benefits
under defined benefit plans, WTC agrees that years of service with any Balentine
Entities shall be deemed to be years of service with WTC. The LLC shall have a
reasonable opportunity to participate in any new employee benefit plans made
available to WTC's employees generally.

                                   ARTICLE 13
                    DISSOLUTION, LIQUIDATION AND TERMINATION

         Section 13.1. No Dissolution. The LLC shall not be dissolved by the
admission of additional Members in accordance with the terms hereof.

         Section 13.2. Events Causing Dissolution. The LLC shall be dissolved
and its affairs shall be wound up upon the occurrence of any of the following
events:

         a.    The determination of the Board and the vote of Members holding
90% or more of the Membership Points;

         b.    The occurrence of a Realization Event; or

         c.    The entry of a decree of judicial dissolution under Section
18-802 of the Delaware Act.

                                     -45-
<PAGE>
         Section 13.3. Notice of Dissolution. Upon the LLC's dissolution, the
person or persons appointed to carry out the winding up of the LLC (the
"Liquidating Trustee") shall promptly notify the Members of that dissolution.

         Section 13.4. Liquidation. Upon dissolution of the LLC:

         a.    The proceeds of liquidation shall be distributed, as realized, in
the following order and priority:

               (1)  First, to the LLC's creditors, including Members who are
         creditors and the Liquidating Trustee, to the extent otherwise
         permitted by law, in satisfaction of the LLC's liabilities (whether by
         payment or making reasonable provision for payment thereof), other than
         liabilities for distributions to Members;

               (2)  Next, to Balentine up to the Base Valuation, which amount
         shall be subtracted from its Capital Account balance;

               (3)  Next, to all Members, up to the amount of their Capital
         Account balances, in proportion thereto; and

               (4)  The remainder, to all Members in proportion to their
         respective Membership Points.

         b.    If the Liquidating Trustee determines that it is not feasible to
liquidate all of the LLC's assets, then the Liquidating Trustee (1) shall cause
the Fair Market Value of the assets not so liquidated to be determined and (2)
shall distribute such assets in kind to the Members pursuant to Section 13.4(a).
For purposes of such section, a distribution of any such asset in kind to a
Member shall be considered a distribution of an amount equal to such asset's
Fair Market Value as of the date of distribution thereof. Each such asset shall
be treated as if it was sold for such Fair Market Value, and the resulting
Profits or Losses shall be allocated among the Members in accordance with
Article 6.

         Section 13.5. Termination. The LLC shall terminate when all of its
assets, after payment of or provision for all of its debts, liabilities and
obligations, have been distributed to the Members as provided for in this
Article 13, and the Certificate has been canceled in the manner required by the
Delaware Act.

         Section 13.6. Claims of the Members. For purposes of this Article 13,
the Members shall look solely to the LLC's assets for the return of their
capital contributions. If the assets of the LLC remaining after payment of or
provision for all of the LLC's debts, liabilities and obligations are
insufficient to return those capital contributions, the Members shall have no
recourse against the LLC or any other Member.

                                     -46-
<PAGE>
                                   ARTICLE 14
                         REPRESENTATIONS AND WARRANTIES

         Section 14.1. Representations and Warranties of Natural Person
Principals. Each Principal who is a natural person hereby represents and
warrants to Balentine, the other Principals and the LLC with respect to himself:

         a.    He has full legal capacity and authority to execute, deliver and
perform his obligations hereunder. This Agreement has been duly executed and
delivered by him and constitutes his legal, valid and binding obligation,
enforceable against him in accordance with its terms, except as may be limited
by (x) bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance and fraudulent transfer or similar laws now or hereafter relating to
creditors' rights generally or (y) general principles of equity, whether
asserted in a proceeding in equity or at law.

         b.    No approval, authorization, consent, license, clearance or order
of, declaration or notification to, or filing, registration or compliance with,
any government or regulatory authority that has not been obtained is required to
permit him to enter into this Agreement.

         Section 14.2. Representations and Warranties of Balentine, WTI and WTC.
Each of Balentine, WTI and WTC hereby represents and warrants to the Principals
and the LLC on behalf of itself:

         a.    It is an entity duly organized, validly existing and in good
standing under Georgia law in the case of Balentine and Delaware law in the case
of WTI and WTC, and has all requisite corporate power and authority to own,
lease and operate its properties and carry on its business as now being
conducted.

         b.    It has all requisite corporate power and authority to execute,
deliver and perform its obligations hereunder. The execution, delivery and
performance hereof and the consummation of the transactions contemplated hereby
have been duly approved and authorized by all necessary corporate action of
Balentine, WTI or WTC, as the case may be. This Agreement has been duly executed
and delivered by Balentine, WTI or WTC, as the case may be, and constitutes the
legal, valid and binding obligation of Balentine, WTI or WTC, as the case may
be, enforceable against it in accordance with its terms, except as may be
limited by (x) bankruptcy, insolvency, reorganization, moratorium, fraudulent
conveyance and fraudulent transfer or similar laws now or hereafter relating to
creditors' rights generally or (y) general principles of equity, whether
asserted in a proceeding in equity or at law.

         c.    No approval, authorization, consent, license, clearance or order
of, declaration or notification to, or filing, registration or compliance with,
any governmental or regulatory authority that has not been obtained is required
in order to permit Balentine, WTI or WTC, as the case may be, to enter into this
Agreement.

                                     -47-
<PAGE>
         Section 14.3. Representations and Warranties of the Family Trust and
the Insurance Trust. Each of the Family Trust and the Insurance Trust (each, a
"Trust") hereby represents and warrants to the other Principals, Balentine and
the LLC on behalf of itself:

         a.    It is an entity duly organized and validly existing under Georgia
law, and has all requisite power and authority to enter into this Agreement
under the terms of its trust instrument and other organizational documents.

         b.    This Agreement has been duly executed and delivered by such Trust
and constitutes the legal, valid and binding obligation of such Trust,
enforceable against it in accordance with its terms, except as may be limited by
(x) bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance
and fraudulent transfer or similar laws now or hereafter relating to creditors'
rights generally or (y) general principles of equity, whether asserted in a
proceeding in equity or at law.

         c.    No approval, authorization, consent, license, clearance or order
of, declaration or notification to, or filing, registration or compliance with,
any governmental or regulatory authority that has not been obtained is required
in order to permit such Trust to enter into this Agreement.

         Section 14.4. Representations and Warranties of All Members. Each
Member hereby represents and warrants to the LLC and each other Member and
acknowledges that (1) he or it has such knowledge and experience in financial
and business matters that he or it is capable of evaluating the merits and risks
of an investment in the LLC and making an informed investment decision with
respect thereto, (2) he or it is able to bear the economic and financial risk of
an investment in the LLC for an indefinite period of time, (3) he or it is
acquiring an interest in the LLC for investment only and not with a view to, or
for resale in connection with, any distribution to the public, (4) the LLC
Interests have not been registered under the securities laws of any jurisdiction
and cannot be disposed of unless they are subsequently registered and/or
qualified under applicable securities laws and the provisions of this Agreement
have been complied with and (5) the execution, delivery and performance of this
Agreement by him or it do not require him or it to obtain any consent or
approval that has not been obtained, and do not contravene or result in a
default under any existing law or regulation applicable to him or it, or any
agreement or instrument to which he or it is a party or by which he or it is
bound.

                                   ARTICLE 15
                                 MISCELLANEOUS

         Section 15.1. Amendments. Except as provided otherwise herein, any
amendment to this Agreement shall be adopted and be effective as an amendment
hereto if it is approved by all Members in writing.

                                     -48-
<PAGE>
         Section 15.2. Power of Attorney and Other Authorizations.

         (a)   Each Member hereby constitutes and appoints the LLC's Chief
Executive Officer as the true and lawful representative and attorney-in-fact of
that Member, in his or its name, place and stead, to make, execute, sign and
file any amendment to the Certificate and other instruments, documents and
certificates that may from time to time be required by the laws of the United
States of America, the State of Delaware, any other state or country or any
political subdivision or agency thereof, in which the LLC does business to
effectuate, implement and continue the valid and subsisting existence or
qualification to do business of the LLC or in connection with any tax returns,
filings or related matters, in each case consistent with the provisions hereof.
Each Member acknowledges that such appointment is coupled with an interest. The
Board may at any time replace the LLC's Chief Executive Officer with another
individual as attorney-in-fact if the Board determines that a replacement would
be in the LLC's best interests.

         (b)   Each Principal has appointed Robert as his or its representative,
agent, and attorney-in-fact ("Principals' Representative") pursuant to an
agreement in the form of Exhibit 13.15 to the Merger Agreement ("Principals'
Representative Agreement") and has provided to the Principals' Representative
the full legal authority, capacity, and power to act on behalf of such Principal
with respect to any matters arising under this Agreement or in connection
therewith. Balentine, WTI, WTC and their Permitted Transferees and Affiliates
shall be entitled to rely, and shall in no way be liable for relying, on the
full legal authority, capacity, and power of Robert to act on behalf of each
Principal with respect to any matters arising under this Agreement or in
connection therewith without further inquiry, and each Principal shall hold each
of Balentine, WTI, WTC and their Permitted Transferees and Affiliates harmless
from any liability or loss arising out of the reliance by any of them on that
power-of-attorney. If the Principals, by Majority Vote, provide WTI, WTC and
their Permitted Transferees and Affiliates with 30 days' notice that Robert has
been terminated as Principals' Representative, WTI, WTC and their Permitted
Transferees and Affiliates shall cease to rely on Robert as Principals'
Representative and shall rely on any successor Principals' Representative who
such Principals so designate as the new "Principals' Representative."

         Section 15.3. Notices.

         a.    All notices, requests, demands and other communications required
or permitted hereunder shall be in writing and shall be sent as provided below:

                                     -49-
<PAGE>
         (1)      If to Balentine, to:

                  Balentine Holdings, Inc.
                  c/o WT Investments, Inc.
                  Rodney Square North
                  1100 North Market Street
                  Wilmington, DE 19890
                  Attention:        David R. Gibson
                                    Senior Vice President

                  with a copy to:

                  WT Investments, Inc.
                  Rodney Square North
                  1100 North Market Street
                  Wilmington, DE  19890
                  Attention:        Gerard A. Chamberlain, Esquire
                                    Secretary

         (2)      If to the LLC, to:

                  Balentine Delaware Holding Company, LLC
                  3455 Peachtree Road
                  Suite 2000
                  Atlanta, GA  30326
                  Attention:        Robert M. Balentine

                  with a copy to:

                  Alston & Bird
                  1201 West Peachtree Street
                  Atlanta, GA  30309
                  Attention:        B. Harvey Hill, Jr., Esquire

         (3)      If to a Principal, to that Principal's attention at:

                  Balentine Delaware Holding Company, LLC
                  3455 Peachtree Road
                  Suite 2000
                  Atlanta, GA  30326

                                     -50-
<PAGE>
                  with a copy to:

                  Alston & Bird
                  1201 West Peachtree Street
                  Atlanta, GA  30309
                  Attention:  B. Harvey Hill, Jr., Esquire

         b.  All notices and other communications required or permitted
hereunder addressed as provided in this Section 15.3: (1) shall be effective
upon delivery if delivered personally against proper receipt and (2) shall be
effective upon receipt if sent by (A) certified or registered mail with postage
prepaid or (B) Federal Express or similar courier service with courier fees paid
by the sender. The parties hereto may change their respective addresses for the
purposes of notices to that party from time to time by a similar notice
specifying a new address. No such change shall be deemed to have been given
unless it has been sent and received in accordance with this Section 15.3.

         Section 15.4. Waivers. Any waiver of any term or condition or of the
breach of any covenant, representation or warranty hereof in any one instance
shall not operate as or be deemed to be or construed as a further or continuing
waiver of any other breach of that term, condition, covenant, representation or
warranty or any other term, condition, covenant, representation or warranty. No
failure or delay at any time or times to enforce or require performance of any
provision hereof shall operate as a waiver of or affect in any manner a party's
right at a later time to enforce or require performance of that provision or of
any other provision hereof; provided that no such waiver, unless by its terms it
explicitly provides to the contrary, shall be construed to effect a continuing
waiver of the provision being waived. No such waiver in any instance shall
constitute a waiver in any other instance or for any other purpose or impair the
right of the party against whom that waiver is claimed in all other instances or
for all other purposes to require full compliance.

         Section 15.5. Binding Effect. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and, to the extent permitted by this
Agreement, their heirs, legal representatives, successors and assigns.

         Section 15.6. Severability. The invalidity or unenforceability of any
particular nonmaterial provision hereof shall not affect the other provisions
hereof, and this Agreement shall be construed in all respects by interpreting
that invalid or unenforceable provision as nearly to the original meaning as
possible so as to make it valid and enforceable or, if that is not possible or
permitted by applicable law, by omitting that invalid or unenforceable
provision. To the extent any material provision hereof is determined by a court
or regulatory body to be invalid or unenforceable, the parties shall use their
good faith efforts to address the implications of that invalidity or
unenforceability to preserve the essential understanding of the parties with
respect hereto.

                                     -51-
<PAGE>
         Section 15.7. Counterparts. This Agreement may be executed 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.

         Section 15.8. Governing Law. This Agreement shall be construed under
and governed by Delaware law, without giving effect to the choice or conflicts
of law provisions thereof. Each of WTC, WTI and Balentine hereby agrees to
submit to the jurisdiction of the courts of the State of Georgia and the courts
of the United States of America located in the Northern District in the State of
Georgia in any action or proceeding arising out of or relating to this
Agreement. Each of the Principals and the LLC hereby agrees to submit to the
jurisdiction of the courts of the State of Delaware and to the courts of the
United States of America located in Delaware in any action or proceeding arising
out of or relating to this Agreement.

         Section 15.9. Captions. The captions in this Agreement are for
convenience only and shall not affect the construction or interpretation of any
term or provision hereof.

         Section 15.10. Gender. Whenever used herein, the singular number shall
include the plural, the plural shall include the singular, unless the context
otherwise requires, and the use of any gender shall include all genders.

         Section 15.11. Third Party Beneficiaries. No person who is not a party
to this Agreement shall be entitled to any rights or benefits hereunder;
provided, however, that WTI's Affiliates, each Balentine Entity and each
Subsidiary is a third-party beneficiary of Sections 11.1, 11.3 and 11.5.

         Section 15.12. Remedies Cumulative. The rights and remedies provided
herein are cumulative, and the use of any one right or remedy by any party shall
not preclude or waive its right to use any and all other remedies.

         Section 15.13. Integration. This Agreement (as it may be amended from
time to time) and the exhibits and schedules hereto constitute the entire
agreement among the parties hereto with respect to the subject matter hereof and
supersede all prior agreements and understandings, oral or written, express or
implied, with respect thereto.

                                     -52-
<PAGE>
                       THIS PAGE LEFT INTENTIONALLY BLANK

                                     -53-
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.

                             /s/ Robert M. Balentine                   (SEAL)
                             ------------------------------------------
                             ROBERT M. BALENTINE

                             /s/ B. Clayton Rolader                    (SEAL)
                             ------------------------------------------
                             B. CLAYTON ROLADER

                             /s/ Jeffrey P. Adams                      (SEAL)
                             ------------------------------------------
                             JEFFREY P. ADAMS

                             /s/ Robert E. Reiser, Jr.                 (SEAL)
                             ------------------------------------------
                             ROBERT E. REISER, JR.

                             /s/ Gary B. Martin                        (SEAL)
                             ------------------------------------------
                             GARY B. MARTIN

                             /s/ Wesley A. French                      (SEAL)
                             ------------------------------------------
                             WESLEY A. FRENCH

                             /s/ Michael E. Wolf                       (SEAL)
                             ------------------------------------------
                             MICHAEL E. WOLF

                                     -54-
<PAGE>
                             THE 1999 BALENTINE FAMILY TRUST

                             By: /s/ Jeffrey P. Adams, Trustee
                                 -----------------------------------------------
                                   (Authorized Signer)

                             By: /s/ Elizabeth G. Balentine, Trustee
                                 -----------------------------------------------
                                   (Authorized Signer)

                             THE ROBERT M. BALENTINE INSURANCE TRUST

                             By: /s/  Lillian A. Balentine Law, Trustee
                                 -----------------------------------------------
                                   (Authorized Signer)

                             BALENTINE HOLDINGS, INC.

                             By:  /s/ Jeffrey P. Adams
                                ------------------------------------------------
                                      Title:  Executive Vice President

                             WT INVESTMENTS, INC.

                             By:  /s/ David R. Gibson
                                  ----------------------------------------------
                                      Title:  Senior Vice President

                                     -55-
<PAGE>
                             WILMINGTON TRUST CORPORATION

                             By:      /s/  David R. Gibson
                                ------------------------------------------------
                                      Title:  Senior Vice President

                                     -56-

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