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                                                                    EXHIBIT 10.4

                            NONCOMPETITION AGREEMENT

         THIS NONCOMPETITION AGREEMENT (the "AGREEMENT") is made as of March __
2004, by and among UNITED COMMUNITY BANKS, INC., a Georgia corporation (the
"COMPANY"; which shall include the Company's wholly-owned owned bank subsidiary,
United Community Bank, a Georgia bank) and HOWARD V. TURNER, JR., a resident of
the State of Georgia ("COVENANTOR").

         WHEREAS, Fairbanco Holding Company, Inc., a Georgia corporation
("FAIRBANCO") is the parent company of 1st Community Bank, a federal savings
bank ("BANK") engaging in a full range of banking services in Fulton and Fayette
Counties, Georgia (the "BUSINESS") and Covenantor is an executive officer of the
Bank; and

         WHEREAS, the Company and Fairbanco have entered into that certain
Agreement and Plan of Reorganization (the "ACQUISITION AGREEMENT") dated as of
March 11, 2004, as amended, whereby the Company has agreed to purchase Fairbanco
and Bank through the merger of Fairbanco with and into Company for cash and
stock of the Company; and

         WHEREAS, as a condition of the Acquisition Agreement, Covenantor has
agreed to grant to the Company a covenant not to compete with, solicit employees
from, or disparage the Company in accordance with the terms of this Agreement;

         NOW THEREFORE, in consideration of the premises and of the mutual
covenants, agreements, representations, warranties, benefits and obligations
contained in this Agreement, and of other good and valuable consideration (the
receipt and sufficiency of which are hereby acknowledged), the parties hereto
agree as follows:

1.       Covenantor hereby covenants with the Company that during the period
         from the Closing Date (as defined in the Acquisition Agreement) to the
         third (3rd) anniversary thereof, Covenantor shall not, upon the
         termination of Covenantor's employment with the Company, for any reason
         whatsoever, except as otherwise specifically permitted herein (the
         "COVENANT"):

         (a)      directly or indirectly, for Covenantor's own account, or as a
                  partner, member, employee, advisor or agent of any partnership
                  or joint venture, or as a trustee, officer, director,
                  shareholder, employee, advisor or agent of any corporation,
                  bank, savings association, mutual thrift, credit union, trust,
                  or other business or financial services organization or
                  entity, within Fulton, Fayette or Coweta Counties, Georgia or
                  a fifty (50) mile radius of any office of the Business located
                  in Fulton or Fayette Counties, Georgia: own, manage, join,
                  participate in, encourage, support, finance, be engaged in,
                  have an interest in, give financial assistance or advice to,
                  permit Covenantor's name to be used in connection with or be
                  concerned in any way in the ownership, management, operation
                  or control of, or be connected in any manner with any business
                  which is or may compete with the Company;

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         (b)      solicit or assist anyone in soliciting in any way any employee
                  of the Company to resign or sever his or her employment or to
                  breach any employment agreement with the Company or affiliates
                  of the Company; or

         (c)      knowingly or intentionally damage or destroy the goodwill and
                  esteem of the Company, the Business or the Company's
                  suppliers, employees, patrons, customers, and others who may
                  at any time have or have had relations with the Company.

2.       Notwithstanding any language to the contrary contained in this
         Agreement, it shall be permissible for Covenantor to engage in the
         conduct prohibited by Section 1(a) if Company terminates Covenantor's
         employment with the Company without Cause (as described below) or if
         Covenantor terminates his or her employment with the Company with
         Adequate Justification (as described below).

         (a)      For purposes of this Agreement "Cause" shall consist of any of
                  (i) the commission by Covenantor of a willful act (including,
                  without limitation, a dishonest or fraudulent act) or a
                  grossly negligent act, or the willful or grossly negligent
                  omission to act by Covenantor, which is intended to cause,
                  causes, or is reasonably likely to cause material harm to the
                  Company (including harm to its business reputation), (ii) the
                  indictment of Covenantor for the commission or perpetration by
                  Covenantor of any felony or any crime involving dishonesty,
                  moral turpitude or fraud, (iii) the receipt of any form of
                  notice, written or otherwise, that any regulatory agency
                  having jurisdiction over the Company intends to institute any
                  form of formal or informal (e.g., a memorandum of
                  understanding which relates to Covenantor's performance)
                  regulatory action against Covenantor or the Company (provided,
                  that the Board of Directors determines in good faith, such
                  action involves acts or omissions by or under the supervision
                  of Covenantor or that termination of Covenantor would
                  materially advance the Company's compliance with the purpose
                  of the action or would materially assist the Company in
                  avoiding or reducing the restrictions or adverse effects to
                  the Company related to the regulatory action), (iv) Covenantor
                  exhibits a standard of behavior within the scope of his
                  employment that is materially disruptive to the orderly
                  conduct of the Company's business operations (including,
                  without limitation, substance abuse or sexual misconduct) to a
                  level which, in the Board of Directors' good faith and
                  reasonable judgment, is materially detrimental to the
                  Company's best interest, that, if susceptible of cure remains
                  uncured ten (10) days following written notice to Covenantor
                  of such specific inappropriate behavior, or (v) the continued
                  failure by Covenantor to subsequently perform the duties
                  reasonably assigned to Covenantor (given his or her training
                  and experience), as judged in good faith by the Board of
                  Directors of the Company, unless such failure is the result of
                  incapacity due to mental or physical illness, disability or
                  death, after ten (10) days' written demand for substantial
                  performance is delivered by the Company that specifically
                  identifies

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                  the manner in which the Company believes that Covenantor has
                  not substantially performed his or her duties.

        (b)       "Adequate Justification" means the occurrence of any of the
                  following events or conditions: (i) any relocation more than
                  thirty (30) miles of Covenantor's principal office that is not
                  approved by Covenantor; or (ii) substantial reduction in
                  Covenantor's compensation on the date hereof that is not
                  approved by Covenantor. Adequate Justification shall only be
                  deemed to have occurred if not cured by the Company within ten
                  (10) days following receipt of written notice from Covenantor
                  which specifies with particularity the events which constitute
                  such Adequate Justification.

3.       Notwithstanding any language to the contrary contained in this
         Agreement, it shall be permissible for Covenantor to own stock or
         securities of any company which may be deemed competitive with the
         Company providing such shares or securities held by Covenantor are
         issued by a company listed on a national securities exchange or the
         NASDAQ National Market System and Covenantor owns less than a one
         percent (1%) interest thereof.

4.       The parties agree that the remedies of the Company at law for any
         actual or threatened breach of this Agreement by Covenantor would be
         inadequate and that, in the event of such actual or threatened breach,
         in addition to any other remedy available to it, the Company shall be
         entitled to specific performance hereof, injunctive relief, or both, by
         temporary or permanent injunction or other appropriate judicial remedy,
         writ or order.

5.       The remedies provided for in this Agreement are non-exclusive and are
         in addition to each other and to any other remedy available generally
         at law or in equity.

6.       Covenantor acknowledges that the Company is entering into this
         Agreement and the related Acquisition Agreement in reliance upon the
         Covenant. Covenantor further acknowledges and agrees that the Covenant
         is necessary and fundamental to the business of the Company, is not
         contrary to the public interest, and may be assigned by the Company in
         the event that Company sells or otherwise disposes of the Business.

7.       If any portion of this Covenant is held to be unreasonable, arbitrary
         or against public policy, provisions of this Agreement shall be
         considered divisible both as to time and as to geographical areas; and
         each month of each year of the specified period shall be deemed to be a
         separate period of time. In the event any court determines the
         specified time period or geographical area to be unreasonable,
         arbitrary or against public policy, the lesser time period or
         geographical area which is determined to be reasonable, non-arbitrary
         and not against the public policy may be enforced. Notwithstanding the
         foregoing, Covenantor agrees to honor the terms of this Covenant for
         the time periods and areas specified herein and not to contest the
         enforceability of such periods or areas.

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8.       If any of the covenants, capacities, activities, periods or areas
         specified in this Covenant are considered unreasonable by a court of
         competent jurisdiction, the parties agree that the Court will have
         authority to limit such covenants, capacities, activities, periods or
         areas to that which the court deems proper in the circumstances.

9.       This Agreement will be deemed to be a contract made under the laws of
         the State of Georgia, and for all purposes will be governed by and
         interpreted in accordance with the laws prevailing in the State of
         Georgia, without regard to principles of conflict of laws.

10.      This Agreement shall inure to the benefit of and shall be binding upon
         the parties hereto and their respective heirs, successors and assigns.

11.      Nothing in this Agreement, express or implied, is intended to confer
         upon any third person any rights or remedies under or by reason of this
         Agreement.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year first above written.

                                            UNITED COMMUNITY BANKS, INC.

                                            By:
                                               --------------------------------

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

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

                                            COVENANTOR

                                            -----------------------------------
                                            Howard V. Turner, Jr.

                                       4exv10w1m

 

Exhibit 10.1M

ELEVENTH MODIFICATION AGREEMENT

     BY THIS ELEVENTH MODIFICATION AGREEMENT (the “Agreement”), made and
entered into as of the 30th day of March, 2004, WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, whose address is 100 West
Washington, Post Office Box 29742, MAC #S4101-251, Phoenix, Arizona 85038-9742
(hereinafter called “Lender”), and APOLLO GROUP, INC., an Arizona corporation,
whose address is 4615 East Elwood Street, Suite 400, Phoenix, Arizona 85040
(hereinafter called “Company”), in consideration of the mutual covenants herein
contained and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, hereby confirm and agree as
follows:

SECTION 1. RECITALS.

     1.1 Company and Lender entered into a Loan Agreement dated November 17,
1997 (as amended, the “Loan Agreement”), which provided for, among other
things, a revolving line of credit (the “RLC”) in the amount of $10,000,000.00,
evidenced by a Revolving Promissory Note dated November 17, 1997, executed by
the Company (the “RLC Note”), all upon the terms and conditions contained
therein. The Loan Agreement was previously modified by that Modification
Agreement dated as of February 5, 1998, that Second Modification Agreement
dated as of August 13, 1998, that Third Modification Agreement dated as of
April 30, 1999, that Fourth Modification Agreement dated as of August 3, 1999,
that Fifth Modification Agreement dated as of November 1, 1999, that Sixth
Modification Agreement dated as of March 2, 2000, that Seventh Modification
Agreement dated as of February 23, 2001, that Eighth Modification Agreement
dated as of January 15, 2002, that Ninth Modification Agreement dated as of
February 3, 2003 and that Tenth Modification Agreement dated as of July 15,
2003. All undefined capitalized terms used herein shall have the meaning given
them in the Loan Agreement.

     1.2 As of the date hereof, prior to the effect of the modifications
contained herein, the outstanding principal balance of the RLC is $0.

     1.3 Company and Lender desire to modify the Loan Agreement as set forth herein.

SECTION 2. LOAN AGREEMENT.

     The modifications provided in this Section 2 shall be effective as of
March 30, 2004 as though entered into as of such date.

     2.1 The following definition in Section 2.1 of the Loan Agreement is
hereby amended to read as follows:

          “Maturity Date” means February 1, 2006.

 

 

SECTION 3. OTHER MODIFICATIONS, RATIFICATIONS AND AGREEMENTS.

     3.1 All references to the Loan Agreement in the Loan Agreement, the RLC
Note and the other documents delivered with respect to the RLC (the “Loan
Documents”) are hereby amended to refer to the Loan Agreement as hereby
amended.

     3.2 Company acknowledges that the indebtedness evidenced by the RLC Note
is just and owing, that the balance thereof is correctly shown in the records
of Lender as of the date hereof, and Company agrees to pay the indebtedness
evidenced by the RLC Note according to the terms thereof, as herein modified.

     3.3 Company hereby reaffirms to Lender each of the representations,
warranties, covenants and agreements of Company set forth in the RLC Note and
the Loan Agreement, with the same force and effect as if each were separately
stated herein and made as of the date hereof.

     3.4 Company hereby ratifies, reaffirms, acknowledges, and agrees that the
RLC Note and the Loan Agreement, represent valid, enforceable and collectible
obligations of Company, and that there are no existing claims, defenses,
personal or otherwise, or rights of setoff whatsoever with respect to any of
these documents or instruments. In addition, Company hereby expressly waives,
releases and absolutely and forever discharges Lender and its present and
former shareholders, directors, officers, employees and agents, and their
separate and respective heirs, personal representatives, successors and
assigns, from any and all liabilities, claims, demands, damages, action and
causes of action, whether known or unknown and whether contingent or matured,
that Company may now have, or has had prior to the date hereof, or that may
hereafter arise with respect to acts, omissions or events occurring prior to
the date hereof. To the best of Company’s knowledge, Company further
acknowledges and represents that no event has occurred and no condition exists
that, after notice or lapse of time, or both, would constitute a default under
this Agreement, the RLC Note or the Loan Agreement.

     3.5 All terms, conditions and provisions of the RLC Note and the Loan
Agreement are continued in full force and effect and shall remain unaffected
and unchanged except as specifically amended hereby. The RLC Note and the Loan
Agreement, as amended hereby, are hereby ratified and reaffirmed by Company,
and Company specifically acknowledges the validity and enforceability thereof.

SECTION 4. GENERAL.

     4.1 This Agreement in no way acts as a release or relinquishment of those
rights securing payment of the RLC. Such rights are hereby ratified,
confirmed, renewed and extended by Company in all respects.

     4.2 The modifications contained herein shall not be binding upon Lender
until Lender shall have received all of the following:

     (a) An original of this Agreement fully executed by the
Company.

     (b) Such resolutions or authorizations and such other
documents as Lender may reasonably require relating to the
existence and good standing of the

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     Company and the authority of any person executing this
Agreement or other documents on behalf of the Company.

     4.3 Company shall execute and deliver such additional documents and do
such other acts as Lender may reasonably require to fully implement the intent
of this Agreement.

     4.4 Company shall pay all costs and expenses, including, but not limited
to, reasonable attorneys’ fees incurred by Lender in connection herewith,
whether or not all of the conditions described in Paragraph 4.2 above are
satisfied. Lender, at its option, but without any obligation to do so, may
advance funds to pay any such costs and expenses that are the obligation of the
Company, and all such funds advanced shall be due and payable upon demand.

     4.5 Notwithstanding anything to the contrary contained herein or in any
other instrument executed by Company or Lender, or in any other action or
conduct undertaken by Company or Lender on or before the date hereof, the
agreements, covenants and provisions contained herein shall constitute the only
evidence of Lender’s consent to modify the terms and provisions of the Loan
Agreement. Accordingly, no express or implied consent to any further
modifications involving any of the matters set forth in this Agreement or
otherwise shall be inferred or implied by Lender’s execution of this Agreement.
Further, Lender’s execution of this Agreement shall not constitute a waiver
(either express or implied) of the requirement that any further modification of
the RLC or of the RLC Note or the Loan Agreement, shall require the express
written approval of Lender; no such approval (either express or implied) has
been given as of the date hereof.

     4.6 Time is hereby declared to be of the essence hereof of the RLC, of the
RLC Note and of the Loan Agreement, and Lender requires, and Company agrees to,
strict performance of each and every covenant, condition, provision and
agreement hereof, of the RLC Note and the Loan Agreement.

     4.7 This Agreement shall be binding upon, and shall inure to the benefit
of, the parties hereto and their heirs, personal representatives, successors
and assigns.

     4.8 This Agreement is made for the sole protection and benefit of the
parties hereto, and no other person or entity shall have any right of action
hereon.

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     4.9 This Agreement shall be governed by and construed according to the
laws of the State of Arizona.

     IN WITNESS WHEREOF, these presents are executed as of the date indicated
above.

	 	 	 	 	 	 
	 	 	WELLS FARGO BANK, NATIONAL	 
	 	 	ASSOCIATION, a national banking association	 
	 
	 	 	 	 	 
	

	 	By:	 	 	 
	

	 	 	
	 
	

	 	Name:	 	 
	

	 	 	 	
	 
	

	 	Its:	 	 	 
	

	 	 	
	 
	 
	 	 	 	 	 
	

	 	 	 	LENDER	 
	 
	 	 	 	 	 
	 	 	APOLLO GROUP, INC., an Arizona corporation	 
	 
	 	 	 	 	 
	

	 	By:	 	 	 
	

	 	 	
	 
	

	 	Name:	 	 
	

	 	 	 	
	 
	

	 	Its:	 	 	 
	

	 	 	
	 
	 
	 	 	 	 	 
	

	 	 	 	COMPANY	 

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