Document:

Executed in 6 Parts
                                             Counterpart No. (   )

                              NATIONAL EQUITY TRUST
                           TOP TEN PORTFOLIO SERIES 38
                            REFERENCE TRUST AGREEMENT

     This  Reference  Trust  Agreement  dated  ________,  2002 among  Prudential
Investment   Management  Services  LLC,  as  Depositor,   Prudential  Securities
Incorporated,  as Portfolio Supervisor and The Bank of New York, as Trustee sets
forth certain  provisions in full and incorporates other provisions by reference
to the document entitled  "National Equity Trust, Trust Indenture and Agreement"
(the "Basic Agreement") dated February 2, 2000. Such provisions as are set forth
in full herein and such provisions as are incorporated by reference constitute a
single instrument (the "Indenture").

                                WITNESSETH THAT:

     In  consideration  of the  premises  and of the  mutual  agreements  herein
contained, the Depositor and the Trustee agree as follows: Part I.

                     STANDARD TERMS AND CONDITIONS OF TRUST

     Subject to the provisions of Part II hereof,  all the provisions  contained
in the Basic  Agreement are herein  incorporated  by reference in their entirety
and  shall be deemed  to be a part of this  instrument  as fully and to the same
extent as though said provisions had been set forth in full in this instrument.

A.   Article I, entitled "Definitions," shall be amended as follows:

(i)  Section  1.01-Definitions  shall be amended to add the following definition
     at the end thereof:

<PAGE>

                                      -2-

     "Portfolio  Supervisor" of the Trust shall have the meaning  assigned to it
in Part II of the Reference Trust Agreement.

B.   Article  III,  entitled  "Administration  of  Trust,"  shall be  amended as
     follows:

     (i) The third  paragraph of Section  3.05-Distribution  shall be amended by
deleting any reference to Depositor and replacing it with Portfolio Supervisor.

     (ii)  Section  3.14-Deferred  Sales  Charge  shall  be  amended  to add the
following sentences at the end thereof:

"References to Deferred Sales Charge in this Trust Indenture and Agreement shall
include any Creation and  Development  Fee  indicated  in the  prospectus  for a
Trust.  The  Creation  and  Development  Fee  shall be  payable  on each date so
designated  and in an amount  determined  as specified in the  prospectus  for a
Trust."

C.   Article VIII, entitled "Depositor," shall be amended as follows:

     (i) Section 8.07-Compensation shall be amended by deleting any reference to
Depositor and replacing it with Portfolio Supervisor.

D.   Article IX,  entitled  "Additional  Covenants;  Miscellaneous  Provisions,"
     shall be amended as follows:

     (i) The first sentence of Section 9.05 - Written Notice shall be amended by
deleting the language "Prudential Securities  Incorporated at One Seaport Plaza,
New  York,  New  York  10292"  and  replacing  it  with  "Prudential  Investment
Management LLC at 100 Mulberry Street,  Gateway Center Three, Newark, New Jersey
07102".

                                    Part II.

                     SPECIAL TERMS AND CONDITIONS OF TRUST

     The following special terms and conditions are hereby agreed to:

<PAGE>

                                      -3-

A.   The Trust is denominated  National Equity Trust,  Top Ten Portfolio  Series
     38.

B.   The Units of the Trust shall be subject to a deferred sales charge.

C.   The publicly traded stocks listed in Schedule A hereto are those which,
     subject to the terms of this Indenture, have been or are to be deposited in
     Trust under this Indenture as of the date hereof.

D.   The term "Depositor" shall mean Prudential  Investment  Management Services
     LLC.

E.   The  term  "Portfolio   Supervisor"   shall  mean   Prudential   Securities
     Incorporated.

F.   The aggregate number of Units referred to in Sections 2.03 and 9.01 of the
      Basic Agreement is          as of the date hereof.

G.   A Unit of the Trust is hereby declared initially equal to 1/     th of the
     Trust.

H.   The term "First Settlement Date" shall mean                        , 2002.

I.   The terms  "Computation  Day" and "Record Date" shall mean on the tenth day
     of            2003,          2003,        2003 and                2003.

J.   The term "Distribution Date" shall mean on the twenty-fifth  day
     of            2003,          2003,        2003 and                2003.

K.   The term "Termination Date" shall mean          , 2003.

L.   The Trustee's Annual Fee shall be $.90 (per 1,000 Units) for 49,999,999 and
     below  units  outstanding  $.84 (per  1,000  Units) on the next  50,000,000
     Units,  $.78 (per 1,000 Units) on the next 100,000,000  Units and $.66 (per
     1,000 Units) on Units in excess of 200,000,000  Units.  In calculating  the
     Trustee's annual fee, the fee applicable to the number of units outstanding
     shall apply to all units outstanding.

M.   The Depositor's  Portfolio  supervisory service fee shall be $.25 per 1,000
     Units.

               [Signatures and acknowledgments on separate pages]PGFM Draft
                                                                October 14, 2002

                              EMPLOYMENT AGREEMENT

     THIS  AGREEMENT is made as of the ___ day of __________, 2002, by and among
NEIGHBORS  BANCSHARES,  INC., a bank holding company incorporated under the laws
of  the  State of Georgia (the "Company"); NEIGHBORS BANK, a proposed state bank
being  organized  under  the  laws  of  the  State  of  Georgia  (the  "Bank")
(collectively,  the  Company  and  the  Bank  are referred to hereinafter as the
"Employer");  and  PHILLIP  L.  BALDWIN, a resident of the State of Georgia (the
"Executive").

                                    RECITALS:

     The  Employer  desires  to  employ  the  Executive  as  President and Chief
Executive  Officer  of  the  Company  and  the Bank and the Executive desires to
accept  such  employment.

     In  consideration  of  the  above  premises  and  the  mutual  agreements
hereinafter set forth, the parties hereby agree as follows:

1.     DEFINITIONS.  Whenever  used  in  this Agreement, the following terms and
       -----------
their variant forms shall have the meaning set forth below:

     1.1     "AGREEMENT" shall mean this Agreement and any exhibits incorporated
              ---------
herein  together with any amendments hereto made in the manner described in this
Agreement.

     1.2     "AREA"  shall  mean  the  geographic  area within the boundaries of
              ----
Interstate  75  to  the  west,  Interstate 85 to the east, Interstate 285 to the
south and a line running horizontally from Interstate 75 to Interstate 85, which
line  intersects  with  the  northernmost  city limit of Jasper, Georgia, to the
north.  It  is the express intent of the parties that the Area as defined herein
is  the  area  where  the  Executive performs services on behalf of the Employer
under  this  Agreement  as  of  the  Effective  Date.

     1.3     "BUSINESS OF THE EMPLOYER" shall mean the business conducted by the
              ------------------------
Employer, which is the business of commercial banking.

     1.4     "CAUSE"  shall  mean:
              -----

          1.4.1     With  respect  to  termination  by  the  Employer:

               (a)     A  material  breach of the terms of this Agreement by the
     Executive,  including,  without  limitation,  failure  by  the Executive to
     perform  his  duties  and  responsibilities in the manner and to the extent
     required  under  this Agreement, which remains uncured after the expiration
     of  fifteen  (15)  days  following  the  delivery of written notice of such
     breach to the Executive by the Employer. Such notice shall (i) specifically
     identify  the  duties  that the Board of Directors of either the Company or
     the Bank believes the Executive has failed to perform, (ii) state the facts
     upon  which  such  Board of Directors made such determination, and (iii) be
     approved  by  a resolution passed by two-thirds (2/3) of the directors then
     in  office;

<PAGE>
               (b)     Conduct  by  the  Executive  that  amounts  to  fraud,
     dishonesty,  disloyalty  or  willful  misconduct  in the performance of his
     duties  and  responsibilities  hereunder;

               (c)     Arrest  for,  charged  in  relation  to  (by  criminal
     information,  indictment  or  otherwise),  or  conviction  of the Executive
     during  the Term of a crime involving breach of trust or moral turpitude or
     any  felony;

               (d)     Conduct  by  the  Executive  that  amounts  to  gross and
     willful  insubordination  or inattention to his duties and responsibilities
     hereunder;  or

               (e)     Conduct  by  the  Executive that results in removal from
     his  position  as  an  officer  or  executive of the Employer pursuant to a
     written  order by any regulatory agency with authority or jurisdiction over
     the  Employer.

     1.4.2     With  respect  to  termination  by  the  Executive,  a  material
diminution  in the powers, responsibilities or duties of the Executive hereunder
or  a  material  breach  of  the  terms of this Agreement by the Employer, which
remains  uncured after the expiration of thirty (30) days following the delivery
of  written  notice  of  such  breach  to  the  Employer  by  the  Executive.

1.5     "CHANGE  OF  CONTROL"  means  any  one  of  the  following  events:
         -------------------

               (a)     the  acquisition  by any person or persons acting in
     concert  of the then outstanding voting securities of either the Company or
     the  Bank  if,  after the transaction, the acquiring person or persons owns
     controls  or  holds  the  power  to vote fifty percent (50%) or more of any
     class  of  voting  securities  of  the  Company  or  the  Bank;

               (b)     within any twelve-month period (beginning on or after the
     Effective  Date),  the  persons who were directors of either the Company or
     the  Bank immediately before the beginning of such twelve-month period (the
     "Incumbent  Directors")  shall  cease  to constitute at least a majority of
     such  Board of Directors; provided that any director who was not a director
     as  of  the  beginning of such twelve-month period shall be deemed to be an
     Incumbent Director if that director were elected to such Board of Directors
     by,  or  on  the  recommendation  of  or  with  the  approval  of, at least
     two-thirds  of the directors who then qualified as Incumbent Directors; and
     provided  further that no director whose initial assumption of office is in
     connection  with  an  actual or threatened election contest relating to the
     election  of  directors  shall  be  deemed  to  be  an  Incumbent Director;

               (c)     a  reorganization,  merger or consolidation, with respect
     to  which  persons  who  were the stockholders of either the Company or the
     Bank  immediately  prior to such reorganization, merger or consolidation do
     not,  immediately  thereafter,  own  more  than  fifty percent (50%) of the
     combined  voting power entitled to vote in the

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<PAGE>
     election  of directors of the reorganized, merged or consolidated company's
     then  outstanding  voting  securities;  or

               (d)     the  sale, transfer or assignment of all or substantially
     all  of  the  assets  of  the  Company  or  the  Bank  to  any third party.

     1.6     "CONFIDENTIAL  INFORMATION"  means data and information relating to
              -------------------------
the  business  of  the  Employer  (which  does not rise to the status of a Trade
Secret)  which  is  or  has  been  disclosed  to  the  Executive or of which the
Executive  became  aware  as  a  consequence  of  or  through  the  Executive's
relationship  to  the  Employer  and  which has value to the Employer and is not
generally  known to its competitors.  Confidential Information shall not include
any data or information that has been voluntarily disclosed to the public by the
Employer  (except  where  such  public disclosure has been made by the Executive
without authorization) or that has been independently developed and disclosed by
others,  or  that  otherwise  enters  the  public  domain  through lawful means.

     1.7     "DISABILITY"  shall  mean the inability of the Executive to perform
              ----------
each  of  his  material  duties  under  this Agreement for a period of three (3)
consecutive  months  as  certified  by  a  physician  chosen by the Employer and
reasonably  acceptable  to  the  Executive.

     1.8     "EFFECTIVE  DATE"  shall mean the date the Bank opens for business.
              ---------------

     1.9     "EMPLOYER  INFORMATION"  means  Confidential  Information and Trade
              ---------------------
Secrets.

     1.10     "INITIAL  TERM"  shall  mean that period of time commencing on the
               -------------
Effective  Date  and  running  until the earlier of the close of business on the
last  business  day immediately preceding the third anniversary of the Effective
Date  or  any  earlier  termination  of  employment  of the Executive under this
Agreement  as  provided  for  in  Section  3.

     1.11     "TERM"  shall  mean  the  Initial  Term and all subsequent renewal
               ----
periods.

     1.12     "TRADE  SECRETS"  means  Employer  information  including, but not
               --------------
limited  to,  technical  or nontechnical data, formulas, patterns, compilations,
programs,  devices,  methods,  techniques,  drawings, processes, financial data,
financial  plans,  product  plans  or  lists of actual or potential customers or
suppliers  which:

               (a)     derives  economic  value,  actual  or potential, from not
     being  generally  known  to,  and not being readily ascertainable by proper
     means  by,  other persons who can obtain economic value from its disclosure
     or  use;  and

               (b)     is  the  subject of efforts that are reasonable under the
     circumstances  to  maintain  its  secrecy.

2.     DUTIES.
       ------

     2.1     POSITION.  The  Executive  is  employed  as  President  and  Chief
             --------
Executive  Officer  of the Company and the Bank and, subject to the direction of
the  Board  of  Directors  of the Company

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<PAGE>
and  the Bank or the applicable Board's designee(s), shall perform and discharge
well  and  faithfully  the  duties  and responsibilities of the Executive as set
forth  on  Exhibit  "A"  attached  hereto. The Executive shall also perform such
additional duties that may be assigned to him from time to time by the Boards of
Directors  of  the Company and the Bank only after such Boards of Directors have
solicited  the  reasonable  opinion  of  the  Executive  with  respect  to those
additional  duties.  The  Executive  shall perform the duties required under the
Agreement  at  the  principal  offices  of  the  Bank.

     2.2     FULL-TIME  STATUS.  In  addition to the duties and responsibilities
             -----------------
specifically  assigned  to  the  Executive  pursuant  to Section 2.1 hereof, the
Executive  shall:

               (a)     devote  substantially  all  of his time, energy and skill
     during  regular  business  hours  to  the  performance of the duties of his
     employment  (reasonable  vacations  and  reasonable absences due to illness
     excepted)  and  faithfully  and  industriously  perform  such  duties;

               (b)     diligently follow and implement all reasonable and lawful
     management  policies  and  decisions  communicated  to  him by the Board of
     Directors  of  either  the  Company  or  the  Bank;  and

               (c)     timely  prepare  and forward to the Board of Directors of
     either  the  Company  or  the  Bank  all  reports and accountings as may be
     requested  of  the  Executive.

     2.3     PERMITTED  ACTIVITIES.  The  Executive shall devote his entire
             ---------------------
business  time, attention and energies to the Business of the Employer and shall
not  during the Term be engaged (whether or not during normal business hours) in
any  other  business  or  professional activity, whether or not such activity is
pursued  for  gain,  profit  or other pecuniary advantage, but this shall not be
construed  as  preventing  the  Executive  from:

               (a)     investing  his  personal  assets  in  businesses  which
     (subject  to  clause (b) below) are not in competition with the Business of
     the  Employer  and  which  will not require any services on the part of the
     Executive  in  their operation or affairs and in which his participation is
     solely  that  of  an  investor;

               (b)     purchasing  securities in any corporation, the securities
     of  which are regularly traded provided that such purchase shall not result
     in  him  collectively  owning beneficially at any time five percent (5%) or
     more  of  the  equity  securities  of  any business in competition with the
     Business  of  the  Employer;  and

               (c)     participating  in  civic  and  professional  affairs  and
     organizations  and  conferences, preparing or publishing papers or books or
     teaching  so  long  as  the Board of Directors of either the Company or the
     Bank  approves  in  writing  of  such  activities  prior to the Executive's
     engaging  in  them.

     Notwithstanding  the provisions of this Section 2.3, the Executive shall be
permitted  to  engage  in  business  activities  associated with the business of
Atlanta  East Cobb, Inc. (doing

                                        4
<PAGE>
business  as  Keller  Williams  Realty) and Phil and Brenda Baldwin, Inc. (doing
business  as  Keller  Williams  Realty)

3.     TERM  AND  TERMINATION.
       ----------------------

     3.1     TERM.     This  Agreement  shall  remain  in  effect  for the Term.
             ----
Commencing with the first day of the Initial Term, the Term shall renew each day
such  that  the Term remains a three-year term from day-to-day thereafter unless
any  party  gives  written  notice  to  the others of its or his intent that the
automatic  renewals  shall  cease.  In  the  event such notice of non-renewal is
properly  given,  this  Agreement  and  the Term shall expire on the third (3rd)
anniversary  of  the thirtieth (30th) day following the date such written notice
is  received.

     3.2     TERMINATION.  During  the  Term,  the  employment  of the Executive
             -----------
under  this  Agreement  may  be  terminated  only  as  follows:

          3.2.1     By  the  Employer:

               (a)     For  Cause, upon written notice to the Executive pursuant
     to  Section 1.4.1 hereof, in which event the Employer shall have no further
     obligation  to  the Executive except for the payment of any amounts due and
     owing  under  Section  4  on  the  effective  date  of  termination;

               (b)     Without  Cause  at  any  time, provided that the Employer
     shall  give  the  Executive  thirty  (30) days' prior written notice of its
     intent  to  terminate,  in  which  event  the Employer shall be required to
     continue to meet its obligations to the Executive under Section 4.1 for six
     (6)  months  following  the  termination;  or

               (c)     Upon  the  Disability  of  the  Executive  at  any  time,
     provided that the Employer shall give the Executive thirty (30) days' prior
     written  notice  of  its  intent  to terminate, in which event, for six (6)
     months  following  the  date  of  termination or until the Executive begins
     receiving  payments  under  the  Company's  long-term  disability  policy,
     whichever  occurs first, the Employer shall be required to continue to meet
     its  obligations  under  Sections  4.1.

          3.2.2     By  the  Executive:

               (a)     For  Cause,  upon written notice to the Employer pursuant
     to  Section  1.4.2 hereof, in which event the Employer shall be required to
     continue  to  meet its obligations under Section 4.1 for six (6) months; or

               (b)     Without Cause, provided that the Executive shall give the
     Employer  sixty (60) days' prior written notice of his intent to terminate,
     in  which  event  the  Employer  shall  have  no  further obligation to the
     Executive  except  for payment of any amounts due and owing under Section 4
     on  the  effective  date  of  the  termination.

          3.2.3     At any time upon mutual, written agreement of the parties.

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<PAGE>
          3.2.4     Notwithstanding  anything in this Agreement to the contrary,
     the  Term  shall  end  automatically  upon  the  Executive's  death.

     3.3     CHANGE OF CONTROL.  If the Executive terminates his employment with
             -----------------
the  Employer  under  this  Agreement  for  Cause  or  the  Employer  terminates
Executive's employment without Cause within six (6) months following a Change in
Control,  the Executive, or in the event of his subsequent death, his designated
beneficiaries  or  his  estate, as the case may be, shall receive, as liquidated
damages, in lieu of all other claims, a severance payment equal to one (1) times
the  Executive's then current Base Salary, to be paid in full on the last day of
the  month  following  the date of termination. In no event shall the payment(s)
described in this Section 3.3 exceed the amount permitted by Section 280G of the
Internal  Revenue  Code,  as  amended (the "Code").  Therefore, if the aggregate
present  value (determined as of the date of the Change of Control in accordance
with  the  provisions of Section 280G of the Code) of both the severance payment
and  all other payments to the Executive in the nature of compensation which are
contingent  on  a change in ownership or effective control of the Company or the
Bank  or  in the ownership of a substantial portion of the assets of the Company
or  the  Bank (the "Aggregate Severance") would result in a "parachute payment,"
as  defined  under  Section 280G of the Code, then the Aggregate Severance shall
not  be  greater  than  an  amount equal to 2.99 multiplied by Executive's "base
amount" for the "base period, " as those terms are defined under Section 280G of
the  Code.  In  the  event  the  Aggregate  Severance  is required to be reduced
pursuant to this Section 3.3, the Executive shall be entitled to determine which
portions  of  the  Aggregate  Severance  are to be reduced so that the Aggregate
Severance  satisfies  the  limit  set  forth  in  the  preceding  sentence.
Notwithstanding  any  provision in this Agreement, if the Executive may exercise
his  right  to  terminate  employment  under  this  Section 3.3 or under Section
3.2.2(a),  the  Executive  may  choose  which  provision  shall  be  applicable.

     3.4     EFFECT  OF  TERMINATION.  Upon  termination  of  the  Executive's
             -----------------------
employment  hereunder  for  any  reason,  the  Employer  shall  have  no further
obligations  to  the  Executive  or  the Executive's estate with respect to this
Agreement,  except  for  the payment of any amounts accrued or otherwise due and
owing  under  Section  4  hereof  and  unpaid  as  of  the effective date of the
termination  of  employment and payments set forth in Sections 3.2.1(b) and (c),
Section  3.2.2(a),  or  Section  3.3  as  applicable.

4.     COMPENSATION.  The  Executive  shall  receive  the  following  salary and
       ------------
benefits during the Term, except as otherwise provided below:

     4.1     BASE  SALARY.  The Executive shall be compensated at an annual base
             ------------
rate  of $150,000 (the "Base Salary"), which shall increase to $180,000 when the
Bank  opens  for  business.  The  obligation for payment of Base Salary shall be
apportioned between the Company and the Bank as they may agree from time to time
in  their sole discretion.  The Executive's Base Salary shall be reviewed by the
Board  of  Directors  of  the  Company  and  the Bank at least annually, and the
Executive  shall  be entitled to receive annually an increase in such amount, if
any,  as  may be determined by the Board of Directors of the Company or the Bank
based  on  their  respective  evaluation  of  the Executive's performance.  Base
Salary  shall  be  payable  in  accordance  with  the  Employer's normal payroll
practices.

                                        6
<PAGE>
     4.2     INCENTIVE COMPENSATION.  The Executive shall be eligible to receive
             ----------------------
annual  bonus  compensation,  if  any,  as  may  be  determined  by the Board of
Directors  of  the  Company  or  the Bank pursuant to any incentive compensation
program  as  may  be  adopted  from  time  to  time  by  the  Employer.

     4.3     AUTOMOBILE.  Beginning  as of the Effective Date, the Employer will
             ----------
provide the Executive with a monthly automobile allowance not to exceed $750 per
month.  The  Employer  will  pay  expenses  associated  with  the  operation,
maintenance,  repair and insurance for the automobile.  Not less frequently than
once  annually, the Executive will make a good faith allocation between business
and  personal  use  of  such  vehicle  as  required  by Internal Revenue Service
guidelines.

     4.4     BUSINESS  EXPENSES;  MEMBERSHIPS.  The Employer specifically agrees
             --------------------------------
to reimburse the Executive for:

          (a)     reasonable  and necessary business (including travel) expenses
     incurred  by  him in the performance of his duties as approved by the Board
     of  Directors  of  either  the  Company  or  the  Bank;

          (b)     the  reasonable  dues  and  business  related  expenditures
     associated  with  membership  in  a  local  country club as selected by the
     Executive,  but  not  to  exceed  $200  per  month;  and

          (c)     the  reasonable  dues  and  business  related  expenditures
     associated  with  membership in trade and professional associations, as are
     mutually  agreed  upon  by  the  Executive  and  the  Employer,  which  are
     commensurate  with  the  Executive's  position;

provided,  however,  that  the  Executive  shall,  as  a  condition  of  any
reimbursement,  submit verification of the nature and amount of such expenses in
accordance with reimbursement policies from time to time adopted by the Employer
and in sufficient detail to comply with rules and regulations promulgated by the
Internal  Revenue  Service.

     4.5     VACATION.  On  a  non-cumulative  basis,  the  Executive  shall  be
             --------
entitled  to  four  (4) weeks of vacation in each successive twelve-month period
during the Term, during which his compensation shall be paid in full.  Beginning
on  the  third anniversary of the Effective Date, the Executive will receive one
additional day of vacation for each year of employment completed after the third
anniversary  of  the  Effective  Date,  provided;  however, that the Executive's
annual  vacation  may not exceed six (6) weeks in any twelve-month period during
the  Term.

     4.6     BENEFITS.  In  addition  to  the benefits specifically described in
             --------
this  Agreement,  the  Executive  shall  be  entitled to such benefits as may be
available  from time to time to executives of the Employer similarly situated to
the  Executive.  All  such  benefits  shall  be  awarded  and  administered  in
accordance  with  the Employer's standard policies and practices.  Such benefits
may  include,  by  way  of  example  only,  profit-sharing  plans, retirement or
investment  funds,  dental,

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<PAGE>
health,  life  and  disability  insurance  benefits,  sick  leave and such other
benefits  as  the  Employer  deems  appropriate.

     4.7     WITHHOLDING.  The  Employer  may  deduct  from  each  payment  of
             -----------
compensation  hereunder  all  amounts  required  to  be deducted and withheld in
accordance  with applicable federal and state income, FICA and other withholding
requirements.

5.     EMPLOYER  INFORMATION.
       ---------------------

     5.1     OWNERSHIP  OF  EMPLOYER  INFORMATION.   All  Employer  Information
             ------------------------------------
received  or  developed  by  the  Executive  while employed by the Employer will
remain the sole and exclusive property of the Employer.

     5.2     OBLIGATIONS  OF  THE  EXECUTIVE.  The  Executive  agrees:
             -------------------------------

          (a)     to  hold  Employer  Information  in  strictest  confidence;

          (b)     not  to  use,  duplicate,  reproduce,  distribute, disclose or
     otherwise  disseminate  Employer Information or any physical embodiments of
     Employer  Information;  and

          (c)     in  any  event, not to take any action causing or fail to take
     any  action  necessary  in  order  to prevent any Employer Information from
     losing its character or ceasing to qualify as Confidential Information or a
     Trade  Secret.

In  the  event  that  the  Executive is required by law to disclose any Employer
Information,  the  Executive will not make such disclosure unless (and then only
to  the extent that) the Executive has been advised by independent legal counsel
that such disclosure is required by law and then only after prior written notice
is  given  to the Employer when the Executive becomes aware that such disclosure
has  been  requested and is required by law.  This Section 5 shall survive for a
period  of  two (2) years following termination of this Agreement for any reason
with  respect to Confidential Information, and shall survive termination of this
Agreement  for  any  reason  for so long as is permitted by applicable law, with
respect  to  Trade  Secrets.

     5.3     DELIVERY  UPON  REQUEST  OR  TERMINATION.  Upon  request  by  the
             ----------------------------------------
Employer, and in any event upon termination of his employment with the Employer,
the  Executive  will  promptly deliver to the Employer all property belonging to
the  Employer,  including,  without limitation, all Employer Information then in
his  possession  or  control.

6.     NON-COMPETITION.  The  Executive agrees that during his employment by the
       ---------------
Employer  hereunder  and,  in  the  event  of  his  termination:

     -    by the Employer for Cause pursuant to Section 3.2.1(a),
     -    by the Executive without Cause pursuant to Section 3.2.2(b), or
     -    by the Executive in connection with a Change of Control pursuant to
          Section 3.3,

                                        8
<PAGE>
for  a  period  of  twenty-four  (24)  months thereafter, or in the event of the
Executive's  termination  by  the  Employer  without  Cause  pursuant to Section
3.2.1(b),  for  six  (6)  months thereafter, he will not (except on behalf of or
with  the  prior  written  consent  of  the  Employer),  within the Area, either
directly  or  indirectly,  on  his  own behalf or in the service or on behalf of
others,  as an executive employee or in any other capacity which involves duties
and  responsibilities similar to those undertaken for the Employer (including as
an  organizer  or  proposed  executive  officer of a new financial institution),
engage  in  any  business  which  is  the same as or essentially the same as the
Business  of  the  Employer.

7.     NON-SOLICITATION  OF  CUSTOMERS.  The  Executive  agrees  that during his
       -------------------------------
employment  by  the  Employer  hereunder  and,  in the event of his termination:

     -    by  the  Employer  for  Cause  pursuant  to  Section  3.2.1(a),
     -    by  the  Executive  without  Cause  pursuant  to  Section 3.2.2(b), or
     -    by  the  Executive  in connection with a Change of Control pursuant to
          Section  3.3,

for  a  period  of  twenty-four  (24)  months thereafter, or in the event of the
Executive's  termination  by  the  Employer  without  Cause  pursuant to Section
3.2.1(b),  for  six  (6)  months thereafter, he will not (except on behalf of or
with  the  prior  written  consent of the Employer), within the Area, on his own
behalf  or in the service or on behalf of others, solicit, divert or appropriate
or  attempt  to  solicit,  divert  or  appropriate, any business from any of the
Employer's  customers,  including  prospective  customers actively sought by the
Employer,  with  whom  the Executive has or had material contact during the last
two  (2) years of his employment, for purposes of providing products or services
that  are  competitive  with  those  provided  by  the  Employer.

8.     NON-SOLICITATION  OF  EMPLOYEES.  The  Executive  agrees  that during his
       -------------------------------
employment by the Employer hereunder and, in the event of his termination:

     -    by  the  Employer  for  Cause  pursuant  to  Section  3.2.1(a),
     -    by  the  Executive  without  Cause  pursuant  to  Section 3.2.2(b), or
     -    by  the  Executive  in connection with a Change of Control pursuant to
          Section  3.3,

for  a  period  of  twenty-four  (24)  months thereafter, or in the event of the
Executive's  termination  by  the  Employer  without  Cause  pursuant to Section
3.2.1(b),  for  six  (6) months thereafter, he will not, within the Area, on his
own  behalf  or  in the service or on behalf of others, solicit, recruit or hire
away  or attempt to solicit, recruit or hire away, any employee of the Employer,
whether  or  not:

     -    such  employee  is a full-time employee or a temporary employee of the
          Employer,
     -    such  employment  is  pursuant  to  written  agreement,  or
     -    such  employment  is  for  a  determined  period  or  is  at  will.

9.     REMEDIES.  The  Executive agrees that the covenants contained in Sections
       --------
5 through 8 of this Agreement are of the essence of this Agreement; that each of
the covenants is reasonable and necessary to protect the business, interests and
properties  of  the  Employer,  and  that  irreparable  loss  and damage will be
suffered  by the Employer should he breach any of the covenants.  Therefore, the
Executive  agrees and consents that, in addition to all the remedies provided by
law  or  in  equity,

                                        9
<PAGE>
the  Employer  shall  be entitled to a temporary restraining order and temporary
and  permanent  injunctions to prevent a breach or contemplated breach of any of
the  covenants. The Employer and the Executive agree that all remedies available
to  the  Employer  or  the  Executive,  as  applicable,  shall  be  cumulative.

10.     SEVERABILITY.  The parties agree that each of the provisions included in
        ------------
this  Agreement is separate, distinct and severable from the other provisions of
this  Agreement  and  that  the  invalidity or unenforceability of any Agreement
provision shall not affect the validity or enforceability of any other provision
of this Agreement.  Further, if any provision of this Agreement is ruled invalid
or  unenforceable  by  a  court  of competent jurisdiction because of a conflict
between  the  provision  and  any applicable law or public policy, the provision
shall  be  redrawn  to  make  the  provision  consistent  with,  and  valid  and
enforceable  under,  the  law  or  public  policy.

11.     NO SET-OFF BY THE EXECUTIVE.  The existence of any claim, demand, action
        ---------------------------
or cause of action by the Executive against the Employer whether predicated upon
this  Agreement  or otherwise, shall not constitute a defense to the enforcement
by  the  Employer  of  any  of  its  rights  hereunder.

12.     NOTICE.  All  notices  and  other  communications  required or permitted
        ------
under  this  Agreement shall be in writing and shall be delivered by hand or, if
mailed,  shall  be  sent  via  the United States Postal Service, certified mail,
return  receipt requested or by overnight courier.  All notices hereunder may be
delivered  by  hand  or  overnight  courier,  in which event the notice shall be
deemed effective when delivered. All notices and other communications under this
Agreement  shall  be  given  to  the  parties hereto at the following addresses:

          (i)  If to the Company, to it at:

               Neighbors  Bancshares,  Inc.
               11285  Elkins  Road
               Building  E
               Roswell,  GA  30076

         (ii)  If to the Bank, to it at:

               Neighbors  Bank
               2320  Old  Milton  Parkway
               Alpharetta,  GA  30004

        (iii)  If to the  Executive, to him at:
               _____________________
               _____________________

Any  party  hereto  may  change  his  or  its address by advising the others, in
writing,  of  such  change  of  address.

                                       10
<PAGE>
13.     ASSIGNMENT.  Neither  party hereto may assign or delegate this Agreement
        ----------
or  any  of  its rights and obligations hereunder without the written consent of
the  other  party  to  this  Agreement.

14.     WAIVER.  A  waiver  by one party to this Agreement of any breach of this
        ------
Agreement  by the other party to this Agreement shall not be effective unless in
writing,  and no waiver shall operate or be construed as a waiver of the same or
another  breach  on  a  subsequent  occasion.

15.     ARBITRATION.  Any  controversy  or  claim  arising out of or relating to
        -----------
this contract, or the breach thereof, shall be settled by binding arbitration in
accordance  with  the  Commercial  Arbitration Rules of the American Arbitration
Association.  Judgment  upon the award rendered by the arbitrator may be entered
only  in  a  state  court of Fulton County or the federal court for the Northern
District  of Georgia.  The Employer and the Executive agree to share equally the
fees  and  expenses  associated  with  the  arbitration  proceedings.
EXECUTIVE  MUST  INITIAL  HERE:_______.

16.     ATTORNEYS'  FEES.  In the event that the parties have complied with this
        ----------------
Agreement  with respect to arbitration of disputes and litigation ensues between
the  parties  concerning  the  enforcement  of  an  arbitration award, the party
prevailing  in such litigation shall be entitled to receive from the other party
all reasonable costs and expenses, including without limitation attorneys' fees,
incurred  by  the  prevailing  party in connection with such litigation, and the
other  party  shall pay such costs and expenses to the prevailing party promptly
upon  demand  by  the  prevailing  party.

17.     APPLICABLE  LAW.  This  Agreement  shall be construed and enforced under
        ---------------
and in accordance with the laws of the State of Georgia.

18.     INTERPRETATION.  Words  importing any gender include all genders.  Words
        --------------
importing  the singular form shall include the plural and vice versa.  The terms
"herein",  "hereunder", "hereby", "hereto", "hereof" and any similar terms refer
to  this  Agreement.  Any captions, titles or headings preceding the text of any
article,  section  or  subsection herein are solely for convenience of reference
and  shall  not  constitute  part  of  this  Agreement  or  affect  its meaning,
construction  or  effect.

19.     ENTIRE  AGREEMENT.  This  Agreement  embodies  the  entire  and  final
        -----------------
agreement  of  the  parties  on the subject matter stated in this Agreement.  No
amendment  or  modification of this Agreement shall be valid or binding upon the
Employer  or  the  Executive  unless made in writing and signed by both parties.
All  prior  understandings and agreements relating to the subject matter of this
Agreement  are  hereby  expressly  terminated.

20.     RIGHTS  OF  THIRD  PARTIES.  Nothing  herein expressed is intended to or
        --------------------------
shall  be  construed to confer upon or give to any person, firm or other entity,
other  than  the  parties  hereto  and  their  permitted  assigns, any rights or
remedies  under  or  by  reason  of  this  Agreement.

21.     SURVIVAL.  The  obligations  of the Executive pursuant to Sections 5, 6,
        --------
7,  8  and  9  shall  survive the termination of the employment of the Executive
hereunder  for  the  period  designated under each of those respective sections.

                                       11
<PAGE>
22.     JOINT  AND  SEVERAL.  The obligations of the Company and the Bank to the
        -------------------
Executive  hereunder  shall  be  joint  and  several.

     IN  WITNESS  WHEREOF,  the  Employer  and  the  Executive have executed and
delivered  this  Agreement  as  of  the  date  first  shown  above.

                              NEIGHBORS  BANCSHARES,  INC.

                              By:
                                   -----------------------------------
                                   Signature

                                   -----------------------------------
                                   Print  Name

                                   -----------------------------------
                                   Title

                              NEIGHBORS BANK

                              By:
                                   -----------------------------------
                                   Signature

                                   -----------------------------------
                                   Print  Name

                                   -----------------------------------
                                   Title

                              ----------------------------------------
                              PHILLIP  L.  BALDWIN

                              Date:
                                    ----------------------------------

                                       12
<PAGE>
                                   EXHIBIT "A"
                                   -----------

                             DUTIES OF THE EXECUTIVE
                             -----------------------

                      PRESIDENT AND CHIEF EXECUTIVE OFFICER

Function:
---------

The  President  and  Chief  Executive Officer has overall responsibility for the
leadership of the Employer.  He is responsible for all activities to insure that
the  Company  and  the Bank are run a safe and sound manner while maximizing the
return to the shareholders and meeting the needs of their various constituencies
(shareholders,  Boards  of  Directors,  customers, employees, regulators and the
communities  served  by  the  Company  and  the  Bank).

Required  Qualifications:
------------------------

     -    Minimum  of  five years' experience as president of a bank in Georgia.
          If  the  bank  was not in the Atlanta area, the individual must have a
          demonstrable  familiarity  and knowledge of unique issues and problems
          associated  with  banking  in  the  Atlanta  metropolitan  area.

     -    A  strong  communicator,  the  individual  must be a good listener who
          possesses  effective  presentation  skills  and can deliver insightful
          messages  to  external  and  internal  audiences.  Must  have  proven
          effectiveness  in  written  and  verbal  communication.

     -    Demonstrated  ability  to  work  collaboratively  with  internal  and
          external  constituencies.

     -    Knowledge  of  evolving  changes  and  issues  in  banking.

     -    A  "hands-on",  collaborative,  and  resourceful  manager, who is very
          comfortable  taking an established start-up through multiple levels of
          its  life  cycle.

     -    High  ethical  standards  and  professional  integrity  are  a  must.

Principal  Accountabilities:
---------------------------

     -    Develops  and  implements the overall business strategy of the Company
          and the Bank. Responsible for the planning, implementation and control
          of  short and long term goals, as well as strategic plans to implement
          these  goals.

     -    Helps  the  Boards of Directors of the Company and the Bank define the
          specific  corporate  culture  characteristics  needed to fulfill their
          missions.

                                      A-1
<PAGE>
     -    Manages  and  directs  the  Company  and  Bank  toward  their  primary
          objectives,  based  on profit and return on capital, by performing the
          duties  personally  or  through  subordinate  managers.

     -    Establishes  current  and  long-range  objectives, plans and policies,
          subject  to approval by the Boards of Directors of the Company and the
          Bank.  Educates  employees on these objectives, plans and policies and
          monitor  their performance against the objectives, plans and policies.

     -    Provides  leadership  and  direction  in  establishing,  implementing,
          monitoring,  and  achieving  the goals and directives set forth in the
          annual  business  plan.

     -    Directs  activities  of  the  senior  management  staff  to ensure the
          implementation  of  the  strategic  plan.

     -    Ensures  fiscal  integrity  by  directing  the  implementation  of  an
          operational budget consistent with the overall strategic plan. Directs
          resource  allocation to promote effective utilization of all resources
          and  provides  for  internal  controls  which protect human, physical,
          financial  and  information  resources.

     -    Works  closely  with the Chief Financial Officer to insure appropriate
          financial  reporting and ensures that proper accounting procedures are
          utilized.

     -    Works  closely  with  the Senior Lending Officer to monitor quality of
          loan  portfolio  and  guidelines approved by the Board of Directors of
          the  Bank.

     -    Originates  and approves loans, acting within the approved loan limits
          and  guidelines  approved  by  the  Board  of  Directors  of the Bank.

     -    Establishes information and support systems to facilitate the delivery
          of  quality  banking  services.

     -    Directs  the implementation of appropriate human resource policies and
          programs  that  provide  a positive work environment and the necessary
          incentives  for  the  recruitment  and  retention  of  high  quality
          employees.  Ensures  each employee has clarity of job responsibilities
          and  defined  standards  and  goals.

     -    Develops  and  reviews  all  information  presented  to  the Boards of
          Directors.  Presents  proposals for change, growth, or development and
          keeps  members  of  the  Boards of Directors informed on the status of
          activities.

     -    Responds  to  the  community's  need  for  quality banking services by
          monitoring  the  adequacy  of  the  Company's  and  Bank's activities,
          performing  necessary administrative functions relating to performance
          improvement and assisting the Boards of Directors and employee efforts
          to  achieve  and  maintain  the  desired  standards  of  performance.

                                      A-2
<PAGE>
     -    Provides active leadership in the development and implementation of an
          effective  Community Reinvestment Act ("CRA") program including active
          involvement  in  ascertaining  the  community's  credit  needs.

     -    Attends  all  meetings  of the governing body, serves on committees of
          the  Boards  of  Directors,  presents to the governing bodies or their
          authorized committees periodic reports reflecting the operations, long
          and  short  term plans, professional services and financial activities
          of  the  Company  and  Bank  and  other  special reports as necessary.

     -    Ensures  compliance  with all applicable law and regulations governing
          banking  institutions  and with all appropriate regulatory agencies by
          continually  monitoring  the  operation  of  services and programs and
          initiating  changes  as  necessary.

     -    Maintains  active  involvement  in  business development activities to
          solicit and maintain sufficient business to meet or exceed established
          goals.

     -    Represents  the  Company  and  Bank  in  their  relationships  to  the
          community  and  with  other  banks  and  associations.  Encourages the
          integration of the Company and Bank with the local community and works
          to  achieve a favorable attitude toward the Company and Bank among its
          various  publics  by  establishing  and  maintaining  effective
          communications  and  public  relations  programs.

     -    Represents  the  shareholders' interests by working closely with local
          investors,  media and public relations firms to tell the Company's and
          Bank's "story" about their successes on a regular basis, through press
          releases,  presenting  their  stories  at  conferences,  meetings  and
          seminars  and  on  the  website  for  the  Company  and  Bank.

                                      A-3
<PAGE>

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