Document:

ex10-2.htm

                                                                              EXHIBIT
      10.2

    

      FIRST
        GUARANTY BANK

      EMPLOYEE
        STOCK OWNERSHIP PLAN

      ________________________

      

      Amendment
        Number One

      ________________________

      

       

      In
        connection with the receipt of a favorable determination letter on the
        tax-qualified status of the First Guaranty Bank Employee Stock Ownership
        Plan
        (the “Plan”) on February 28, 2005, the Plan is hereby amended in accordance with
        the following:

       

      1.           Section
        10.1 shall be amended, effective as of March 28, 2005, by adding the following
        paragraph at the end thereof:

      

      “Effective
        as of March 28, 2005, notwithstanding anything in the preceding paragraph
        to the
        contrary, if a Participant’s vested Account balance does not exceed $1,000 and
        the Participant fails to return his distribution election form, the Plan
        Administrator shall distribute the vested portion of his Account balance,
        in
        cash or in kind, in the sole discretion of the Plan Administrator, to the
        Participant in a lump sum as soon as practicable but in no event later than
        60
        days after the end of the Plan Year in which employment
        terminates.  If the terminated Participant’s vested Account balance
        exceeds $1,000 but is not greater than $5,000, and the Participant fails
        to
        consent to the distribution, then the Plan Administrator shall liquidate
        the
        Participant’s Stock Fund Account and pay the Participant’s vested Account
        balance, in cash, in a direct rollover to an individual retirement plan
        designated by the Plan Administrator in accordance with Code Section
        401(a)(31)(B) and the regulations promulgated thereunder.”

       

      2.           Section
        10.2 of the Plan shall be amended, effective as if initially contained in
        the
        Plan on the date of its adoption, by adding subsection 10.2-5 at the end
        thereof
        to provide as follows:

       

      
        	
                “10.2-5
                  

              	
                Notwithstanding
                  any provision of the Plan to the contrary, effective for Plan Years
                  commencing on or after January 1, 2003, the provisions of Appendix
                  A
                  regarding the Code Section 401(a)(9) minimum distribution requirements
                  shall apply.”

              

      

      

      IN
        WITNESS WHEREOF, this Amendment has been executed by the duly
        authorized officers of First Guaranty Bank and is effective as set forth
        herein.

      

       

      
        	
                 

              	
                ATTEST:

              	
                                           
                  FIRST GUARANTY BANK

              

      

       

      

       

      /s/Vanessa
        R.
        Drew                                                                           By:
/s/Michael R. Sharp        

                                   Presidentex10-3.htm

                                                                           EXHIBIT
      10.3

    
 

    SECOND
      AMENDMENT TO THE

    FIRST
      GUARANTY BANK

    EMPLOYEE
      STOCK OWNERSHIP PLAN

    

    

    THIS
      SECOND AMENDMENT
      to the First Guaranty Bank Employee Stock Ownership Plan (the “Plan”) is made by
      First Guaranty Bank (the “Bank”).

    

    WHEREAS,
      the Bank
      adopted the Plan effective January 1, 2003; and

    

    WHEREAS,
      the Bank
      wishes to amend the Plan to provide that, effective April 1, 2007, certain
      in-service distributions may be made to Participants after satisfying
      certain

           timing
      rules;
      and

    

    WHEREAS,
      the Bank
      reserved the right, under Section 13.3 of the Plan, to amend the Plan by an
      instrument in writing executed by the Bank;

    

    NOW,
      THEREFORE,
      effective April 1, 2007, the following amendment to the Plan is hereby
      adopted:

    

    1.           Section
      10 shall be amended by adding new Section 10.11 to read as follows:

    10.11     In-Service
      Regular Distributions.  Effective April 1, 2007, a Participant may
      request during the Plan Year a distribution of all or any portion of his or
      her
      vested Account, provided that no distributions shall be made under this Section
      10.11 unless: (i) the amounts to be distributed have been held in the
      Participant’s Account for at least two years; or (ii) the Participant has five
      (5) or more years of participation in the Plan.  All in-service
      regular distributions under this Section 10.11 shall be made according to such
      nondiscriminatory procedures as may be required by the
      Committee.  Notwithstanding anything herein to the contrary, the
      Committee may limit the number of times that a Participant may make such request
      during a Plan Year or may designate the time during the Plan Year that such
      request or such distribution may be made, provided, however, that such request
      may be made at least one time during each Plan Year.  A Participant
      may elect to receive the in-service distribution in Stock or cash, and if the
      distribution is to be made in cash, the Trustee shall re-allocate to the extent
      possible the Stock in the Participant’s Account to other Participants and shall
      re-allocate cash from such other Participant’s Accounts to the
      Participant.  Should Stock in a Participant’s Account be reallocated
      to other Participant’s in order to re-allocate cash to the Account of the
      Participant entitled to such distribution, the determination of the value of
      such Stock shall be based on the value of such Stock on the immediately
      preceding Valuation Date.  If the distribution shall be made in Stock,
      the Participant shall be given the right to put such shares to the Employer
      in
      accordance with Section 10.6 hereof.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the Bank has caused this Amendment to be executed as the _15th__ day of
      ____March_____, 2007.

    

    
      	
               

            	
              FIRST
                GUARANTY BANK

            

    

    

    

    __03/15/2007__________                                                                                                By:
      /s/Collins Bonicard

    Date                                                Collins
      Bonicard

                                                      
Secretaryex10-4.htm

     

                                                                                EXHIBIT
      10.4

    

    FIRST
      GUARANTY BANK

    EMPLOYEE
      STOCK OWNERSHIP PLAN

    __________________________

    

    Amendment
      Number Three

    __________________________

    

    The
      First Guaranty Bank Employee Stock
      Ownership Plan (the “Plan”) is hereby amended, effective on the effective date
      of the merger of Homestead Bank with and into First Guaranty Bank, in accordance
      with the following:

    

    
      	
              1.  

            	
              The
                definition of “Hours of Service” is amended at sub-paragraph “(a)” to
                include the following sentence:

            

    

    

    “For
      purposes of determining “Hours of Service” for the 2007 Plan Year for former
      employees of Homestead Bank who become employees of First Guaranty Bank and
      who
      first become eligible to participate in the Plan on the effective date of the
      merger of Homestead Bank with and into First Guaranty Bank, “Hours of Service”
shall include each hour for which an employee is paid or entitled to be paid
      for
      services by Homestead Bank during 2007 prior to the merger effective
      date.”

    

    
      	
              2.  

            	
              Section
                3.1 of the Plan shall be amended by adding the following at the end
                thereof:

            

    

    

    “Notwithstanding
      the foregoing, an employee of Homestead Bank who becomes an employee of the
      Bank
      on the effective date of the merger of Homestead Bank with the Bank shall
      receive credit for eligibility purposes for all periods of service while
      employed at Homestead Bank.  An employee referenced in the above
      sentence shall enter the Plan as of the effective date of the merger if such
      employee satisfies the eligibility requirements of this Section 3.1 at such
      time, or, if later, on the Entry Date coincident with or next following the
      completion of the eligibility requirements set forth herein.”

    

    
      	
               

            	
                         3.

            	
              Section
                9.2 of the Plan shall be amended by adding the following after its
                first
                sentence:

            

    

    

    
      	
               

            	
              “Notwithstanding
                the above, an employee of Homestead Bank who becomes an employee
                of the
                Bank on the effective date of the merger of Homestead Bank with the
                Bank
                shall receive credit for purposes of determining Vesting Years under
                the
                Plan for each calendar year in which such person completed 1,000
                Hours of
                Service with Homestead Bank prior to the effective date of said merger,
                up
                to a maximum of three Vesting Years.  Also, for these purposes,
                Hours of Service credited for employment at Homestead Bank in calendar
                year 2007 prior to the effective date of the merger with the Bank
                shall be
                deemed to be Hours of Service for the Bank for purposes of determining
                Vesting Years under this Section
                9.2.”

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, this Amendment Number Three has been executed by the
      duly authorized officers of First Guaranty Bank as the 21st day of May
      2007.

    

    
      	
               

            	
              FIRST
                GUARANTY BANK

            

    

    

    

    

    

     07/21/2007                                                                                                                   By: 
      /s/Collins Bonicard

    Date                                              Collins
      Bonicard

                                                      Secretary
      to the Board of
      Directors

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00127-of-00352.parquet"}]]