Document:

Consulting Agreement

 Exhibit 10.2 
 January 12, 2007 
 Mr. Ken Barber 
 Proposed
Chief Executive Officer 
 De Novo Bank in Douglasville, Georgia 
 Dear Mr. Barber: 
 The purpose of this letter is to outline the terms under which T. Stephen Johnson & Associates, Inc.
(“TSJ&A”) will provide consulting services to your group of organizers for the purpose of organizing a de novo bank. 
  

	1.	Description of Responsibilities 

 The general area
of our responsibility will be to help you formulate the initial business plan, including financial projections, and a feasibility analysis, and to orchestrate the regulatory process to seek approval of a de novo charter and deposit insurance for a
federally insured bank to be located in or near Douglasville, Georgia. More specifically, our responsibilities will include the following: 
  

	 	(a)	We will help you develop the business plan and supporting feasibility justification for the application to be submitted to the Georgia Department of Banking or the Office of the
Comptroller of the Currency and the Federal Deposit Insurance Corporation for a charter for the de novo bank. 

  

	 	(b)	We will assist you in formulating a capital structure for the institution, giving due consideration to regulatory standards, and we will advise you of various options concerning the
characteristics of the stock offering. In addition, we will work with your legal counsel to assist in the preparation of the stock offering document. It will not be our responsibility to locate investors for the institution.

  

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

  

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

  

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

  

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

	 	(g)	We will assist in the development of employment agreements for executives of the bank. 

  

	 	(h)	We will assist you with various organizational decisions such as site selection, staffing requirements, technology, and service and equipment suppliers. 

  

	 	(i)	We will prepare and file bank holding company applications, if applicable, with the Federal Reserve Bank and Georgia Department of Banking and Finance seeking approval for the
holding company structure. 

 The above described consulting services will continue through the time that the institution is granted approval
of its charter. 
  

	2.	Compensation 

 TSJ&A will be compensated for the above described
consulting services for a total consulting fee of $30,000 plus out-of-pocket expenses. The consulting fee will be payable in monthly installments of $10,000 each. The initial installment of $10,000 will be due upon signing this contract followed by
payments of $10,000 on the first day of each of the following two months. In addition, your organizing group will reimburse TSJ&A for all documented out-of-pocket expenses, which expenses can include but are not necessarily limited to travel,
long distance telephone, research materials, copying charges, overnight courier, and US postage. TSJ&A will invoice you monthly for these expenses, and all invoices are due and payable upon receipt. Legal fees and expenses associated with filing
applications with regulators are the responsibility of your organization group. 
  

	3.	Other Ventures 

 You acknowledge that TSJ&A regularly engages in
the business of providing consulting services to all types of depository institutions, including those that are operational as well as those that are in the process of formation. Accordingly, although our responsibilities to you will include a
responsibility not to disclose to other depository institutions confidential business information arising out of our involvement with your institution, you acknowledge that we are not limited in continuing the services that we presently provide to
other institutions, nor are we precluded from seeking to obtain other operating or to-be-organized institutions as clients for our consulting services. It will be our responsibility, however, to manage our various undertakings for different clients
in order to comply with the needs of your institution for timely and thorough assistance from us. 
 I look forward to working with you on this project. If
this letter accurately states the terms of the engagement between TSJ&A and the organizers, please sign in the space provided below and return to me. 
 Sincerely, 
 T. Stephen Johnson 
 Chairman 

 Agreed and accepted 
  

					
	 /s/ Ken Barber
	 	 	 	1-15-07
	Ken Barber	 		 	DateForm of Organizer Warrant Certificate

 Exhibit 10.3 
 DATED: ______________, 2007 
 _________ Shares 
 METRO BANCSHARES, INC. 
 DIRECTOR STOCK PURCHASE WARRANT 
 TO PURCHASE SHARES OF 
 COMMON STOCK,
$0.01 PAR VALUE PER SHARE 
 THIS AGREEMENT is made and entered into as of the ____ day of ___________, 2007 by and between METRO
BANCSHARES, INC., a Georgia corporation (the “Company”), and ____________ (the “Warrant Holder”). 
 W I T N E S S E T
H 
 WHEREAS, the Warrant Holder has served as an organizer in the formation of the Company and the formation and establishment of Metro
Bank (the “Bank”), the wholly owned subsidiary of the Company; and 
 WHEREAS, the Warrant Holder has purchased __________ shares
of the Company’s common stock, $0.01 par value per share (the “Common Stock”), at a price of $10.00 per share; and 
 WHEREAS,
the Warrant Holder will provide services to the Company as a director of the Company; and 
 WHEREAS, the Company, in recognition of the
financial risk undertaken by the Warrant Holder in organizing the Bank and the Company and in order to encourage the Warrant Holder’s continued involvement in the successful operation of the Company and the Bank, desires to issue to the Warrant
Holder the right to acquire additional shares of the Company’s Common Stock. 
 NOW, THEREFORE, in consideration of the premises and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement agree as follows: 
  

	 	Section 	1. Grant of Warrant. Subject to the terms, restrictions, limitations and conditions stated in this Agreement, the Company hereby grants to the Warrant Holder the right (the
“Warrant”) to purchase all or any part of an aggregate of _________ shares of the Common Stock, subject to adjustment in accordance with Section 6 of this Agreement. The aggregate number of shares of Common Stock which the Company
grants the Warrant Holder the right to purchase under this Agreement shall be no greater than the number of shares of Common Stock subscribed by the Warrant Holder upon organizing the Bank. 

  

	 	Section 	2. Exercise Price. The price per share to be paid by the Warrant Holder for the shares of Common Stock subject to this Warrant shall be $10.00, subject to adjustment as set
forth in Section 6 of this Agreement (the price, as adjusted, is called the “Purchase Price”). 

  

 Metro Bancshares, Inc. 
 Director Stock Purchase Warrant 
 Dated _____________, 2007 
 Page 2 
  

	 	Section 	3. Term; Required Exercise; Vesting. 

  

	 	(a)	Term. The term for the exercise of this Warrant begins at 9:00 a.m., Eastern Time, on the first anniversary of the date that the Company first issues its Common Stock (the
“Issue Date”). The term for the exercise of this Warrant ends at 5:00 p.m., Eastern Time (the “Expiration Time”) on the earlier of: 

  

	 	(i)	the tenth anniversary of the Issue Date; or 

  

	 	(ii)	90 days after the Warrant Holder ceases to serve as a director of the Company; provided, however, that if the Warrant Holder ceases to be a director because he is disabled or is
deceased, then the Warrant Holder (or his estate) will have until twelve months after the Warrant Holder ceases to serve as a director of the Company to exercise this Warrant. 

  

	 	(b)	Required Exercise. Notwithstanding any other provision of this Agreement, if at any time while this Warrant is outstanding, (i) the Federal Deposit Insurance
Corporation, or (ii) the Georgia Department of Banking and Finance makes a formal capital call upon the Bank, the Warrant Holder will exercise this Warrant in whole or in part as may be needed for additional required capital, or the Warrant
shall be forfeited. The number of shares of Common Stock as to which the Warrant shall be exercised by each warrant holder to meet the capital call will be calculated pro rata on the basis of the number of shares of Common Stock subject to a Warrant
held by each warrant holder. The exercise price for shares of Common Stock purchased upon such exercise will be equal to the greater of the Exercise Price determined pursuant to Section 2 hereof or the then-current book value per share of the
Common Stock. Any portion of this Warrant not required to be exercised under the terms of any such capital call may be exercised under the original terms of this Warrant. 

  

	 	(c)	Vesting. The Warrant will vest in equal, annual one-fifth (1/5) increments over a period of five years, beginning on the first anniversary of the Issue Date. The vested
portion of the Warrant may be exercised in whole, or from time to time in part, at any time prior to the Expiration Time. In the event of permanent disability or death of the Warrant Holder, any unvested portion of the Warrant shall become fully
vested to the Warrant Holder (or his estate). 

  

	 	Section 	4. Exercise of Warrant. To the extent the Warrant has vested, the Warrant Holder may exercise this Warrant from time to time, in whole or in part, by delivering the following
to the Company: 

  

	 	(a)	written notice of exercise specifying the number of shares of Common Stock with respect to which this Warrant is being exercised at such time; and 

  

	 	(b)	a cashier’s or certified check payable to the Company for the full amount of the aggregate Purchase Price for the number of shares as to which this Warrant is being exercised
at such time. 

  

 Metro Bancshares, Inc. 
 Director Stock Purchase Warrant 
 Dated _____________, 2007 
 Page 3 
 The Warrant Holder must deliver the notice of exercise and the cashier’s or certified check to the address of the
Company as set forth in Section 10(a) of this Agreement or any other address that the Company requests. 
  

	 	Section 	5. Issuance of Shares. Upon receipt of the items set forth in Section 4 of this Agreement, and subject to the terms of this Agreement, the Company shall deliver to the
Warrant Holder stock certificates for the number of shares specified in the notice to exercise, and shall register such shares in the name of the Warrant Holder. 

  

	 	Section 	6. Antidilution. 

  

	 	(a)	If, prior to the Expiration Time, the Company shall subdivide its outstanding shares of Common Stock into a greater number of shares, or declare and pay a dividend of its Common
Stock payable in additional shares of its Common Stock, the Purchase Price, as then in effect, shall be proportionately reduced, and the Company shall proportionately increase the number of shares of Common Stock then subject to exercise under this
Warrant (and not previously exercised). 

  

	 	(b)	If, prior to the Expiration Time, the Company shall combine its outstanding shares of Common Stock into a smaller number of shares, the Purchase Price, as then in effect, shall be
proportionately increased, and the Company shall proportionately reduce the number of shares of Common Stock then subject to exercise under this Warrant (and not previously exercised). 

  

	 	Section 	7. Reorganization, Reclassification, Consolidation or Merger. If, prior to the Expiration Time, there shall be any reorganization or reclassification of the Common Stock
(other than a subdivision or combination of shares provided for in Section 6 of this Agreement), or any consolidation or merger of the Company with another entity, the Warrant Holder shall be entitled to receive, during the remainder of the
term of this Agreement and upon payment of the Purchase Price, the number of shares of stock or other securities or property of the Company or of the successor entity (or its parent company) resulting from such consolidation or merger, as the case
may be, to which a holder of the Common Stock, deliverable upon the exercise of this Warrant, would have been entitled upon such reorganization, reclassification, consolidation or merger; and in any case, the Company shall make appropriate
adjustments (as determined by the Board of Directors of the Company in its sole discretion) in the application of the provisions with respect to the rights and interests of the Warrant Holder so that the provisions set forth in this Agreement
(including the adjustment of the Purchase Price and the number of shares issuable upon the exercise of this Warrant) shall be applicable, as near as may reasonably be practicable, to any shares or other property thereafter deliverable upon the
exercise of this Warrant. 

  

	 	Section 	8. Transfer and Assignment. 

  

	 	(a)	 During the Warrant Holder’s lifetime, this Warrant and any rights under this Agreement shall be exercisable only by the Warrant Holder (or by the Warrant
Holder’s guardian or legal representative, should one be appointed). Except assignments or transfers of the vested portion of this Warrant made by will or under the laws of descent and distribution, this Warrant or any rights under this
Agreement may not be assigned, transferred, pledged or hypothecated in any way (whether by operation of law or otherwise) and shall not be 

 
Metro Bancshares, Inc. 
 Director Stock Purchase Warrant

 Dated _____________, 2007 
 Page 4 
 subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of this Warrant
except as provided for in this Section 8 shall be null and void and without legal effect. 
  

	 	(b)	Shares of Common Stock acquired by exercise of this Warrant granted in this Agreement may not be transferred or sold unless the transfer is exempt from further regulatory approval
or otherwise permissible under applicable law, including state and federal securities laws, and will bear a legend to this effect. 

  

	 	Section 	9. Notice of Adjustments. Within thirty (30) days following the determination of any adjustment provided for in Section 6 or Section 7 of this Agreement, the
Company shall give written notice of such adjustment to the Warrant Holder at the address set forth in Section 10(a) of this Agreement or such other address as the Warrant Holder may request. The notice shall state the Warrant Purchase Price as
adjusted and the increased or decreased number of shares purchasable upon the exercise of this Warrant and shall set forth in reasonable detail the method of calculation of each. 

  

	 	Section 	10. Miscellaneous. 

  

	 	(a)	Notices. All notices, requests, demands and other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given when
delivered by hand, telegram or facsimile transmission, or if mailed, by postage prepaid first class mail, on the third business day after mailing, to the following address (or at such other address as a party may notify the other hereunder):

 To the Company: 
 Metro Bancshares, Inc. 
 7475 Douglas Boulevard 
 Douglasville, Georgia 30154 
 Attention: Corporate Secretary 
 To the Warrant Holder: 
 __________________________ 
 __________________________ 
 __________________________ 
  

	 	(b)	Reservation of Shares. The Company covenants that it has reserved and will keep available, solely for the purpose of issue upon the exercise of this Warrant, a sufficient
number of shares of Common Stock to permit the exercise hereof in full. 

  

	 	(c)	Rights of Holders. No holder of this Warrant, as such, shall be entitled to vote or receive dividends with respect to the shares of Common Stock subject to this Warrant or be
deemed to be a shareholder of the Company for any purpose until such Common Stock has been issued. 

  

 Metro Bancshares, Inc. 
 Director Stock Purchase Warrant 
 Dated _____________, 2007 
 Page 5 
  

	 	(d)	Amendment. This Agreement shall constitute the entire agreement contemplated by the Company and the Warrant Holder and may be amended only by an instrument in writing
executed by the party against whom enforcement of the amendment is sought. 

  

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

  

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

 [Remainder of Page Intentionally Left Blank] 
  

 Metro Bancshares, Inc. 
 Director Stock Purchase Warrant 
 Dated _____________, 2007 
 Page 6 
 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed this ____ day of ______________, 2007, by its duly
authorized officers. 
  

			
	METRO BANCSHARES, INC.
		
	By:	 	  
		 	Kenneth L. Barber, President and Chief Executive Officer

  

			
	ATTEST:
		
	By:	 	  
		
	Name:	 	  
		
	Title:	 	  
		 	

  

 EXHIBIT A 
 [Subscription Form to Be Executed Upon Exercise of Warrant] 
 The undersigned registered holder or permitted
assignee of such registered holder of the Warrant hereby (1) subscribes for ______ shares of Common Stock which the undersigned is entitled to purchase under the terms of the Warrant, (2) makes the full cash payment therefor called for by
the within Warrant, and (3) directs that the shares of Common Stock issuable upon exercise of said Warrant be issued as follows: 
  

	
	
	   
	(Name)
	
	   
	(Address)
	
	   
	Signature

 Dated __________________________ 
  
  
 NOTICE: The signature
on this subscription form must correspond with the name as written upon the face of the Warrant in every particular, without alteration or enlargement, or any change whatsoever, and must be guaranteed by a bank, other than a savings bank or trust
company, or by a firm having membership on a registered national securities exchange.

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