Document:

Exhibit 10.1

 

THIRD AMENDMENT TO LOAN AGREEMENT

 

THIS THIRD AMENDMENT
TO LOAN AGREEMENT (this “Amendment”) is entered into this 20th day of October, 2017, to be effective
as of September 26, 2017 (the “Effective Date”), between AMERIS BANCORP, a Georgia corporation
(“Borrower”), and NEXBANK SSB (“Lender”).

 

R E C I T A L S

 

A.       Borrower
and Lender are parties to that certain Loan Agreement dated as of August 28, 2013 (as heretofore amended and as it may be further
amended, modified, supplemented, restated or amended and restated from time to time, the “Loan Agreement”).
Unless otherwise indicated herein, all terms used with their initial letter capitalized are used herein with their meaning as defined
in the Loan Agreement and all Section references are to Sections in the Loan Agreement.

 

B.       Borrower
has requested that Lender, and Lender has agreed to, amend the Loan Agreement and Note to, among other things, (i) decrease the
Commitment and (ii) extend the Maturity Date.

 

C.       Borrower
and Lender desire to amend the Loan Documents, subject to the terms, conditions, and representations set forth herein, as requested
by Borrower.

 

D.       Borrower
and Lender agree to the other terms and provisions provided below, subject to the terms, conditions, and representations set forth
herein.

 

NOW, THEREFORE, in
consideration of these premises and other valuable consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree, as follows:

 

		1.	Amendments to Loan Agreement. Subject to the satisfaction of the conditions set forth herein,
the Loan Agreement is amended as follows:

 

(a)           Section A of the Recitals is hereby amended and restated in its entirety to read as follows:

 

A. Borrower has applied to Lender
for a revolving loan in the amount of up to $30,000,000, and Lender is willing to make the Loan on the terms and conditions hereinafter
set forth.

 

(b)           The following definitions in Section 2.1 of the Loan Agreement are hereby amended and restated in their entirety
to read as follows:

 

Commitment: The obligation
of Lender to make Revolving Credit Advances pursuant to Section 4.1 in an aggregate principal amount at any time outstanding
up to but not exceeding $30,000,000, subject, however, to termination pursuant to Article XVI.

 

Maturity Date: September
26, 2020.

 

		2.	Conditions Precedent. Notwithstanding any contrary provision, this Amendment shall be effective
upon the satisfaction of all of the following conditions precedent:

 

(a)           Lender
shall have received counterparts of this Amendment executed by Borrower, Lender, and each other party set forth on the signature
pages hereto;

 

(b)           Lender shall have received the Third Amended and Restated Revolving Promissory Note dated as of the Effective Date in the
original principal amount of $30,000,000 executed by Borrower and payable to the order of Lender (the “Third
Amended and Restated Note”);

 

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(c)           Lender shall have received satisfactory evidence that the representations and warranties contained in the Loan Agreement
and in the other Loan Documents, after giving effect to the terms of this Amendment, shall be true and correct in all material
respects on and as of the Effective Date and the date hereof to the same extent as though made on and as of each such date, except
to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and
warranties shall have been true and correct in all material respects on and as of such earlier date;

 

(d)           Lender shall have received satisfactory evidence that Borrower has paid the fees and expenses of counsel described in Section 6
hereof and Article VII of the Loan Agreement;

 

(e)           After giving effect to the terms of this Amendment, no Default or Event of Default shall have occurred and be continuing
or shall result after giving effect to this Amendment or the Third Amended and Restated Note;

 

(f)           Lender shall have received an officer’s certificate, together with all attachments and exhibits thereto, duly executed
and delivered by a duly authorized officer of the Borrower; and

 

(g)           Lender shall have received such other instruments and documents incidental and appropriate to the transactions provided
for herein as Lender or its counsel may reasonably request, and all such documents shall be in form and substance satisfactory
to Lender (it being agreed that execution of this Amendment by Lender shall evidence that the foregoing conditions have been fulfilled).

 

		3.	Reaffirmation of Loan Documents and Liens. Except as amended and modified hereby, any and
all of the terms and provisions of the Loan Agreement and the other Loan Documents shall remain in full force and effect and are
hereby in all respects ratified and confirmed by Borrower. Borrower hereby agrees that, except as expressly provided in this Amendment,
the amendments and modifications herein contained shall in no manner affect or impair the liabilities, duties and obligations of
Borrower under the Loan Agreement and the other Loan Documents or the Liens securing the payment and performance thereof. Borrower
further confirms that the liens and security interests in the Collateral created under the Loan Documents secure, among other indebtedness,
Borrower’s obligations under the Loan Documents, and all modifications, amendments, renewals, extensions, and restatements
thereof.

 

		4.	Representations and Warranties. As a material inducement for Lender to enter into
this Amendment, Borrower hereby represents and warrants to Lender (with the knowledge and intent that Lender is relying upon the
same in consenting to this Amendment) that as of the Effective Date and the date hereof, and after giving effect to the transactions
contemplated by this Amendment: (a) all representations and warranties in the Loan Agreement and in all other Loan Documents are
true and correct in all material respects, as though made on each of the Effective Date and the date hereof, except to the
extent that (i) any of them speak to a different specific date or may have otherwise been made inaccurate by the mere passage
of time; or (ii) the facts or circumstances on which any of them were based have been changed by transactions or events not
prohibited by the Loan Documents; (b) no Default or Event of Default exists under the Loan Documents or will exist after giving
effect to this Amendment; (c) this Amendment has been duly authorized and approved by all necessary organizational action
and requires the consent of no other Person, and is binding and enforceable against Borrower in accordance with its terms; and
(d) the execution, delivery and performance of this Amendment in accordance with its terms, does not and will not, by the
passage of time, the giving of notice, or otherwise: (i) require any governmental approval, other than such as have
been obtained and are in full force and effect, or violate any applicable law relating to Borrower; (ii) conflict with, result
in a breach of, or constitute a default under the Constituent Documents of Borrower thereof, or any indenture, agreement, or other
instrument to which Borrower is a party or by which it or any of its properties may be bound; or (iii) result in or require
the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by Borrower.

 

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		5.	Costs and Expenses. Borrower agrees to pay promptly the reasonable fees and expenses of
counsel to Lender for services rendered in connection with the preparation, negotiation, reproduction, execution and delivery of
this Amendment and all related documents.

 

		6.	Miscellaneous.

 

		(a)	This Amendment and the Third Amended and Restated Note shall be deemed to constitute a Loan Document
for all purposes and in all respects. Each reference in the Loan Agreement to “this Agreement,” “hereunder,”
“hereof,” “herein” or words of like import, and each reference in the Loan Agreement or in any other Loan
Document, or other agreements, documents or other instruments executed and delivered pursuant to the Loan Agreement to the “Loan
Agreement”, shall mean and be a reference to the Loan Agreement as amended by this Amendment.

 

		(b)	The Loan Documents shall remain unchanged and in full force and effect, except as provided in this
Amendment and the Third Amended and Restated Note, and are hereby ratified and confirmed. The execution, delivery, and effectiveness
of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power, or remedy of Lender
under any Loan Document, nor constitute a waiver under any of the Loan Documents.

 

		(c)	All of the terms and provisions of this Amendment shall bind and inure to the benefit of the parties
hereto and their respective successors and assigns.

 

		(d)	This Amendment may be executed in one or more counterparts and by different parties hereto in separate
counterparts each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to
a single counterpart so that all signature pages are physically attached to the same document. Delivery of photocopies of the signature
pages to this Amendment by facsimile or electronic mail shall be effective as delivery of manually executed counterparts of this
Amendment.

 

		(e)	THIS AMENDMENT, THE LOAN AGREEMENT, THE THIRD AMENDED AND RESTATED NOTE AND THE OTHER LOAN DOCUMENTS
REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS
OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

		(f)	The headings, captions and arrangements used in this Amendment are, unless specified otherwise,
for convenience only and shall not be deemed to limit, amplify or modify the terms of this Amendment, nor affect the meaning thereof.

 

		(g)	Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting
the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction.

 

		(h)	This Amendment shall be construed in accordance with and governed by the laws of the State of Texas.

 

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[Remainder of Page Intentionally Left
Blank; Signature Pages Follow.]

 

 

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Amendment in multiple counterparts to be effective as of date first set forth above.

 

 

	 	BORROWER:	 
	 	 	 	 
	 	AMERIS BANCORP,	 
	 	a Georgia corporation	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Dennis J. Zember Jr.	 
	 	 	Name: Dennis J. Zember Jr.	 
	 	 	Title: Executive Vice President and Chief	 
	 	 	          Financial
    Officer	 

 

 

 Signature
Page to Third Amendment

 

     

     

    

 

 

	 	LENDER:	 
	 	 	 	 
	 	NEXBANK SSB	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Rhett Miller	 
	 	 	Rhett Miller, SVP and Chief Credit Officer	 

 

 

Signature Page
to Third AmendmentExhibit 10.2

 

THIRD AMENDED AND RESTATED REVOLVING
PROMISSORY NOTE

 

	U.S. $30,000,000	Effective as of September 26, 2017

 

FOR VALUE
RECEIVED, AMERIS BANCORP, a Georgia corporation, having an address at 310 First Street, Moultrie, Georgia 31768 (“Maker”),
hereby promises to pay to the order of NEXBANK SSB (“Payee”), at its address at 2515 McKinney Avenue, Suite
1100, Dallas, Texas 75201 or such other address as it may designate, the principal sum of THIRTY MILLION and NO/100 Dollars ($30,000,000),
or so much thereof as may be advanced by Payee from time to time hereunder to or for the benefit or account of Maker, and interest
from the date hereof on the balance of principal from time to time outstanding, in United States currency, at the rates and at
the times hereinafter described.

 

This Third
Amended and Restated Revolving Promissory Note (this “Note”) is issued by Maker pursuant to that certain Loan
Agreement, dated as of August 28, 2013 (as heretofore amended, as amended by that certain Third Amendment, dated as of the date
hereof, and as may be further amended restated or modified, the “Loan Agreement”) entered into between Payee
and Maker. This Note evidences the Loan (as defined in the Loan Agreement). Payment of this Note is governed by the Loan Agreement,
the terms of which are incorporated herein by express reference as if fully set forth herein. Capitalized terms used and not otherwise
defined herein shall have the meanings given to them in the Loan Agreement.

 

1.           Principal
and Interest.

 

(a)       The
maximum aggregate principal amount of this Note shall not exceed Thirty Million Dollars ($30,000,000). All principal, interest
and other sums due under this Note shall be due and payable in full on the Maturity Date.

 

(b)       Subject
to Section 1(c) below, the unpaid principal amount of this Note shall bear interest at the Note Rate (the “Applicable
Rate”), unless the Default Rate is applicable. Interest at the Applicable Rate (or Default Rate) shall be calculated
for the actual number of days elapsed on the basis of a 360-day year, including the first date of the applicable period to, but
not including, the date of repayment. The Loan shall bear interest at the Default Rate at any time at which an Event of Default
shall exist.

 

(c)       All
accrued but unpaid interest on the principal balance of the Loan outstanding from time to time shall be payable on each Payment
Date. The then outstanding principal balance of the Loan and all accrued but unpaid interest thereon shall be due and payable on
the Maturity Date. Maker may from time to time during the term of the Loan Agreement borrow, partially or wholly repay its outstanding
borrowings, and reborrow, subject to all of the limitations, terms and conditions of the Loan Agreement; provided, however,
that the total outstanding borrowings under this Note shall not at any time exceed the Commitment. The unpaid principal balance
of the Loan at any time shall be the total amount advanced hereunder by Payee less the amount of principal payments made hereon
by or for Maker, which balance may be endorsed hereon from time to time by Payee or otherwise noted in Payee’s records, which
notations shall be, absent manifest error, conclusive evidence of the amounts owing hereunder from time to time. All payments (whether
of principal or of interest) shall be deemed credited to Maker’s account only if received by 2:00 p.m. Dallas time on a Business
Day; otherwise, such payment shall be deemed received on the next Business Day.

 

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2.           Maximum
Lawful Rate. It is the intent of Maker and Payee to conform to and contract in strict compliance with applicable usury
law from time to time in effect. In no way, nor in any event or contingency (including but not limited to prepayment, default,
demand for payment, or acceleration of the maturity of any obligation), shall the rate of interest taken, reserved, contacted for,
charged or received under this Note and the other Loan Documents exceed the highest lawful interest rate permitted under applicable
law. If Payee shall ever receive anything of value which is characterized as interest under applicable law and which would apart
from this provision be in excess of the highest lawful interest rate permitted under applicable law, an amount equal to the amount
which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the
Loan in the inverse order of its maturity and not to the payment of interest, or refunded to the Maker or the other payor thereof
if and to the extent such amount which would have been excessive exceeds such unpaid principal. All interest paid or agreed to
be paid to the holder hereof shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout
the full stated term (including any renewal or extension) of the Loan so that the amount of interest on account of such obligation
does not exceed the maximum permitted by applicable law. As used in this Section, the term "applicable law" shall
mean the laws of the State of Texas or the federal laws of the United States, whichever laws allow the greater interest, as such
laws now exist or may be changed or amended or come into effect in the future.

 

3.           Monthly
Payments.All payments on account of the indebtedness evidenced by this Note shall be made to Payee not later than 2:00
p.m. Dallas, Texas time on the day when due in lawful money of the United States and shall be first applied to late charges, costs
of collection or enforcement and other similar amounts due, if any, under this Note and any of the other Loan Documents, then to
interest due and payable hereunder and the remainder to principal due and payable hereunder.

 

4.           Maturity
Date.The indebtedness evidenced hereby shall mature on the Maturity Date, or as accelerated under the terms of the
Loan Agreement. On the Maturity Date, the entire outstanding principal balance hereof, together with accrued and unpaid interest
and all other sums evidenced by this Note, shall, if not sooner paid, become due and payable.

 

5.           General
Provisions.

 

(a)       In
the event (i) the principal balance hereof is not paid when due whether by acceleration or upon the Maturity Date or (ii) an Event
of Default exists, then the principal balance hereof shall bear interest from and after the Default Rate. In addition, for any
installment (exclusive of the payment due upon the Maturity Date) which is not paid by the tenth (10th) day following the due date
thereof a late charge equal to five percent (5%) of the amount of such installment shall be due and payable to the holder of this
Note on demand to cover the extra expense involved in handling delinquent payments.

 

(b)       Maker
agrees that the obligation evidenced by this Note is an exempt transaction under the Truth-in-Lending Act, 15 U.S.C. § 1601,
et seq.

 

(c)       This
Note and all provisions hereof shall be binding upon Maker and all persons claiming under or through Maker, and shall inure to
the benefit of Payee, together with its successors and assigns, including each owner and holder from time to time of this Note.

 

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(d)       Time is
of the essence as to all dates set forth herein.

 

(e)       To
the fullest extent permitted by applicable law, Maker agrees that its liability shall not be in any manner affected by any indulgence,
extension of time, renewal, waiver, or modification granted or consented to by Payee; and Maker consents to any indulgences and
all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions
of this Note, and to any substitution, exchange or release of the collateral, or any part thereof, with or without substitution,
and agrees to the addition or release of any makers, endorsers, guarantors, or sureties, all whether primarily or secondarily liable,
without notice to Maker and without affecting its liability hereunder.

 

(f)       To
the fullest extent permitted by applicable Law, Maker hereby waives and renounces for itself, its successors and assigns, all rights
to the benefits of any statute of limitations and any moratorium, reinstatement, marshaling, forbearance, valuation, stay, extension,
redemption, appraisement, or exemption and homestead laws now provided, or which may hereafter be provided, by the laws of the
United States and of any state thereof against the enforcement and collection of the obligations evidenced by this Note.

 

(g)       If
this Note is placed in the hands of attorneys for collection or is collected through any legal proceedings, Maker promises and
agrees to pay, in addition to the principal, interest and other sums due and payable hereon, all costs of collecting or attempting
to collect this Note, including all reasonable attorneys’ fees and disbursements.

 

(h)       To
the fullest extent permitted by applicable law, all parties now or hereafter liable with respect to this Note, whether Maker, principal,
surety, guarantor, endorsee or otherwise hereby severally waive presentment for payment, demand, notice of nonpayment or dishonor,
protest and notice of protest. No failure to accelerate the indebtedness evidenced hereby, acceptance of a past due installment
following the expiration of any cure period provided by this Note, any Loan Document or applicable law, or indulgences granted
from time to time shall be construed (i) as a novation of this Note or as a reinstatement of the indebtedness evidenced hereby
or as a waiver of such right of acceleration or of the right of Payee thereafter to insist upon strict compliance with the terms
of this Note, or (ii) to prevent the exercise of such right of acceleration or any other right granted hereunder or by the laws
of the State. Maker hereby expressly waives the benefit of any statute or rule of law or equity now provided, or which may hereafter
be provided, which would produce a result contrary to or in conflict with the foregoing.

 

(i)       THIS
NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS AND ANY APPLICABLE LAWS OF THE UNITED
STATES OF AMERICA.

 

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(j)       THIS
NOTE AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

This Note is an amendment,
restatement, modification and continuation of the obligations outstanding under that certain Second Amended and Restated Revolving
Promissory Note, dated December 28, 2016, made by Maker payable to the order of Payee in the original principal amount of $60,000,000
(the “Prior Note”). This Note is given in renewal, rearrangement and substitution for, but not in the extinguishment
or repayment of, the obligations outstanding under the Prior Note. This Note does not constitute a novation.

 

[Signature page

follows.]

 

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Maker has delivered this Note as of the day and year
first set forth above.

 

	 	MAKER:
	 	 
	 	AMERIS BANCORP
	 	 	 
	 	 	 
	 	By:	/s/ Dennis J. Zember Jr.
	 	Name:	Dennis J. Zember Jr. 
	 	Title:	Executive Vice President and Chief Financial Officer

 

 

 

 

[Signature Page to Third
Amended

and Restated Revolving Promissory

Note]

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