Document:

Prepared by R.R. Donnelley Financial -- Organizing Line of Credit

 EXHIBIT 10.4 
  
 

	 
	 LOAN NUMBER
 
	  	 LOAN NAME
 
	    	 ACCT. NUMBER
 
	    	 NOTE DATE
 
	  	 INITIALS
 

	  	  	 First DB, LLC
 	    	  	    	 04/19/02
 	  	 JG
 
	 
	 NOTE AMOUNT
 
	  	 INDEX (W/Margin)
 
	    	 RATE
 
	    	 MATURITY DATE
 
	  	 LOAN PURPOSE
 

	 $500,000.00
 	  	 Wall Street Journal Prime Minus 1.0%
 	    	 3.750%
 	    	 04/19/03
 	  	 Commercial
 

 
  
 Creditor Use Only 
  

PROMISSORY NOTE 
 (Commercial—Draw—Variable Rate) 

 
 DATE AND PARTIES.    The date of this Promissory Note is April 19, 2002. The
parties and their addresses are: 
  
 LENDER: 
 NEXITY BANK—ATLANTA LPO 
 2839 Paces Ferry Road 
 Suite 840 
 Atlanta, Georgia 30339

 Telephone: (678) 666-0700 
  
 BORROWER: 
 FIRST DB, LLC 
 A Limited Liability Company 
 6372 Allison Court 
 Douglasville, Georgia 30134 
  
 1.    DEFINITIONS.    As used in this Note, the terms have the following meanings: 
  
 A.    Pronouns.    The pronouns “I,” “me,” and “my” refer to each Borrower signing this Note, individually and together with their
heirs, successors and assigns, and each other person or legal entity (including guarantors, endorsers, and sureties) who agrees to pay this Note. “You” and “Your” refer to the Lender, with its participants or syndicators,
successors and assigns, or any person or company that acquires an interest in the Loan. 
  
 B.    Note.    Note refers to this document, and any extensions, renewals, modifications and substitutions of this Note. 
  
 C.    Loan.    Loan refers to this document, and any extensions, renewals, modifications and substitutions of this Note.

  
 D.    Property.    Property is any property, real, personal or
intangible, that secures my performance of the obligations of this Loan. 
  
 E.    Percent.    Rates and rate change limitations are expressed as annualized percentages. 
  
 2.    PROMISE TO PAY.    For value received, I promise to pay you or your order, at your address, or
 
 

 
at such other location as you may designated, amounts advanced from time to time under the terms of this Note up to the maximum total principle balance of $500,000 (Principal), plus interest from
the date of disbursement, on the unpaid outstanding principal balance until this Note matures or this obligation is accelerated. 
  
 3.    ADVANCES.    Advances under this Note are made according to the following terms and conditions. 
  
 A.    Requests for Advances.    My requests are a warranty that I am in compliance with all the Loan documents. When required by you
for a particular method of advance, my requests for an advance must specify the requested amount and the date and be accompanied with any agreements, documents, and instruments that you require for the loan. Any payment by you of any check, share
draft or other charge may, at your option, constitute an advance on the Loan to me. All advances will be made in United States dollars. I will indemnify you and hold you harmless for your reliance on any request for advances that you reasonably
believe to be genuine. To the extent permitted by law, I will indemnify you and hold you harmless when the person making any request represents that I authorized this person to request an advance even when this person is unauthorized or this
person’s signature is not genuine. 
  
 I or anyone I authorize to act on my behalf may request advances by the
following methods. 
  

	 	(1)
	 
	I make a request in person. 
 

  

	 	(2)
	 
	I make a request by phone. 
 

  

	 	(3)
	 
	I make a request by mail. 
 

  
 B.    Advance Limitations.    In addition to any other Loan conditions, requests for, and access to, advances are subject to the following limitations. 
  

	 	(1)
	 
	Obligatory Advances.    You will make all Loan advances subject to this Agreement’s terms and conditions. 

  

	 	(2)
	 
	Advance Amount.    Subject to the terms and conditions contained in this Note, advances will be made in exactly the amount I request.

 

  

	 	(3)
	 
	Cut-Off time.    Requests for an advance received before 02:30 PM will be made on any day that you are open for business, on the day for
which the advance is requested. 
 

  

	 	(4)
	 
	Disbursement of Advances.    On my fulfillment of this Notes terms and conditions, you will disburse the advance in any manner as you and I
agree. 
 

  

	 	(5)
	 
	Credit Limit.    I understand that you will not ordinarily grant a request for an advance that would cause the unpaid principal of my Loan
to be greater than the Principal limit. You may, at your option, grant such a request without obligating yourselves to do so in the future. 
 

  

	 	(6)
	 
	Records.    Your records will be conclusive evidence as to the amount of advances, the Loan’s unpaid principal balances and the accrued
interest. 
 

 

  
 4.    INTEREST.    Interest will accrue on the
unpaid Principal balance of this Note at the rate of 3.750 percent (Interest Rate) until April 20, 2002, after which time it may change as described in the Variable Rate subsection. 
  
 A.    Interest After Default.    If you declare a default under the terms of this Loan, including for failure to pay in full at
maturity, you may increase the Interest Rate payable on the outstanding Principal balance of this Note. In such event, interest will accrue on the outstanding Principal balance at the Interest Rate in effect from time to time under the terms of this
Loan, until paid in full. 
  
 B.    Maximum Interest Amount.    Any amount
assessed or collected as interest under the terms of this Note or obligation will be limited to the Maximum Lawful Amount of Interest allowed by state or federal law. Amounts collected in excess of the Maximum Lawful Amount will be applied first to
the unpaid Principal balance. Any remainder will be refunded to me. 
  
 C.    Statutory
Authority.    The amount assessed or collected on this Note is authorized by the Georgia usury laws under Ga. Code title 7, ch. 4. 
  
 D.    Accrual.    During the schedule term of this Loan interest accrues using an Actual/360 days counting method. 
  
 E.    Variable Rate.    The Interest Rate may change during the term of this transaction.

  

	 	(1)
	 
	Index.    Beginning with the first Change Date, the Interest Rate will be based on the following index: the highest base rate on corporate
loans posted by at least 75% of the nation’s 30 largest banks that The Wall Street Journal published as the Prime Rate. 
 

  
 The Current index is the most recent index figure available on each Change Date. You do not guaranty by selecting this Index, or the margin, that the Interest Rate on this Note will be the same rate
you charge on any other loans or class of loans you make to me or other borrowers. If this index is no longer available, you will substitute a similar Index. You will give me notice of your choice. 
  

	 	(2)
	 
	Change Date.    Each date on which the Interest Rate may change is called Change Date. The Interest Rate may change April 20, 2002 and daily
thereafter. 
 

  

	 	(3)
	 
	Calculation of Change.    On each Change Date, you will calculate the Interest Rate, which will be the current Index minus 1.0 percent. The
result of this calculation will be rounded up to the nearest .001 percent. Subject to any limitations, this will be the Interest Rate until the next Change Date. The new Interest Rate will become effective on the Change Date. The Interest Rate and
other charges on this Note will never exceed the highest rate or charge allowed by law for this Note. 
 

  

	 	(4)
	 
	Effect Of Variable Rate.    A change in the Interest Rate will have the following effect on the payments: The amount of scheduled payments
and the amount of the final payment will change. 
 

  
 5.    REMEDIAL
CHARGES.    In addition to interest or other finance charges, I agree that I will pay these additional fees based on my method and pattern of payment. Additional remedial charges may be 
 

 described elsewhere in this Note. 
  
 A.    Late Charge.    If a payment is more than 10 days late, I will be charged 5.000 percent of the Unpaid Portion of Payment. I will pay this late charge promptly but only once for
each late payment. 
  
   6.    PAYMENT.    I agree to pay this Note In installments
of accrued interest beginning July 19, 2002, and then on the same day in each 3rd month thereafter. I agree to pay the entire unpaid Principal and any accrued but unpaid Interest on April 19, 2003. 
  
 Payments will be rounded up to the nearest $.01. With the final payment I also agree to pay any additional fees or charges owing and the amount of any advances
you have made to others on my behalf. Payments scheduled to be paid on the 29th, 30th or 31st day of a month that contains no such day will, instead, be made on the last day of such month. 
  

Each payment I make on this Note will be applied first to interest that is due then to principal that is due, and finally to any charges that I owe other than principal and interest. If you
and I agree to a different application of payments, we will describe our agreement on this Note. The actual amount of my final payment will depend on my payment record. 
  
   7.    PREPAYMENT.    I may prepay this Loan in full or in part at any time. Any partial prepayment will not excuse any later scheduled
payments until I pay in full. 
  
   8.    LOAN PURPOSE.    This is a
business-purpose loan transaction. 
  
   9.    SECURITY.    This Loan is not
secured. 
  
 10.    DEFAULT.    I will be in default if any of the following occur:

  
 A.    Payments.    I fail to make a payment in full when due.

  
 B.    Insolvency or Bankruptcy.    I make an assignment for the benefit
of creditors or become insolvent, either because my liabilities exceed my assets or I am unable to pay my debts as they become due; or I petition for protection under federal, state or local bankruptcy, insolvency or debtor relieve laws, or am the
subject of a petition or action under such laws and fall to have the petition or action dismissed within a reasonable period of time not to exceed 60 days. 
  
 C.    Business Termination.    I merge, dissolve, reorganize, and my business or existence, or a partner or majority owner dies or is declared legally
incompetent. 
  
 D.    Failure to Perform.    I fail to perform any condition
or to keep any promise or covenant of this Note. 
  
 E.    Other
Documents.    A default occurs under the terms of any other transaction document. 
  
 F.    Other Agreements.    I am in default on any other debt or agreement I have with you. 
  
 G.    Misrepresentation.    I make any verbal or written statement or provide any financial information that is untrue inaccurate, or conceals a material fact at
the time it is made or provided. 
  
 H.    Judgment.    I fail to satisfy or
appeal any judgment against me. 
 

 I.    Forfeiture.    The Property is used in a manner or for a purpose that
threatens confiscation by a legal authority. 
  
 J.    Name Change.    I
change my name or assume an additional name without notifying you before making such a change. 
  
 K.    Property Transfer.    I transfer all or a substantial part of my money or property. 
  
 L.    Property Value.    The value of the Property declines or is impaired. 
  
 M.    Material Change.    Without first notifying you, there is a material change in my business, including ownership, management,
and financial conditions. 
  
 N.    Insecurity.    You reasonably believe
that you are insecure. 
  
 11.    WAIVERS AND CONSENT.    To the extent not prohibited by
law, I waive protest, presentment for payment, demand, notice of acceleration, notice of Intent to accelerate and notice of dishonor. 
  
 A.    Additional Waivers By Borrower.    In addition, I, and any party to this Note and Loan, to the extent permitted by law, consent to certain actions you may take and generally
waive defenses that may be available based on these actions or based on the status of a party to this Note. 
  

	 	(1)
	 
	You may renew or extend payments on this Note, regardless of the number of such renewals or extensions. 
 

  

	 	(2)
	 
	You may release any Borrower, endorser, guarantor, surety, accommodation maker or any other co-signer. 
 

  

	 	(3)
	 
	You may release, substitute or impair any Property securing this Note. 
 

  

	 	(4)
	 
	You, or any Institution participating in this Note, may invoke your right to set-off. 
 

  

	 	(5)
	 
	You may enter into any sales, repurchases or participations of this Note to any person in any amounts and I waive notice of such sales, repurchases or
participations. 
 

  

	 	(6)
	 
	I agree that any of us signing this Note as a Borrower is authorized to modify the terms of this Note or any instrument securing, guarantying or relating to
this Note. 
 

  

	 	(7)
	 
	I agree that you may inform any party who guarantees this Loan of any Loan accommodations, renewals, extensions, modifications, substitutions or future
advances. 
 

  
 B.    No Waiver By Lender.    Your course of
dealing, or your forbearance from, or delay in the exercise of any of your rights, remedies, privileges or right to insist upon my strict performance of any provisions contained in this Note, or other Loan documents, shall not be construed as a
waiver by you, unless any such waiver is in writing and is signed by you. 
  
 12.    REMEDIES.    After I default, and after you give any legally required notice an opportunity to cure the default, you may at your option do any one or more of the following.

 

  
 A.    Acceleration.    You may make all
or any part of the amount owing by the terms of this Note immediately due. 
  
 B.    Sources.    You may use any and all remedies you have under state or federal law or in any instrument accruing this Note. 
  
 C.    Insurance Benefits.    You may make a claim for any and all insurance benefits or refunds that may be available on my default.

  
 D.    Payments Made on My Behalf.    Amounts advanced on my behalf will
be immediately due and may be added to the balance owing under the terms of this Note, and accrue Interest at the highest post-maturity interest rate. 
  
 E.    Termination.    You may terminate my right to obtain advances and may refuse to make any further extensions of credit. 
  
 F.    Set-Off.    You may use the right of set-off. This means you may set-off any amount due and
payable under the terms of this Note against any right I have to receive money from you. 
  
 My right to receive
money from you includes any deposit or share account balance I have with you; any money owed to me on an item presented to you or in your possession for collection or exchange; and any repurchase agreement or other non-deposit obligation. “Any
amount due and payable under the terms of this Note” means the total amount to which you are entitled to demand payment under the terms of this Note at the time you set-off. 
  
 Subject to any other written contract, if my right to receive money from you is also owned by someone who has not agreed to pay this Note, your right to set-off will apply
to my interest in the obligation and to any other amounts I could withdraw on my sole request or endorsement. 
  
 Your right to set-off does not apply to an account or other obligation where my rights arise only in a representative capacity. It also does not apply to any Individual Retirement Account or other tax-deferred retirement account.

  
 You will not be liable for the dishonor of any check when the dishonor occurs because you set-off against any of
my accounts. I agree to hold you harmless from any such claims arising as a result of your exercise of your right of set-off. 
  
 G.    Waiver.    Except as otherwise required by law, by choosing any one or more of these remedies you do not give up your right to use any other remedy. You do not waive a default. If you
choose not to use a remedy. By electing not to use any remedy, you do not waive your right to later consider the event a default and to use any remedies if the default continues or occurs again. 
  

13.    COLLECTION EXPENSES AND ATTORNEYS’ FEES.    On or after Default, to the extent permitted by law, I agree to pay all expenses of
collection, enforcement or protection of your rights and remedies under this Note. Expenses include, but are not limited to, attorneys’ fees, court costs, and other legal expenses. If this debt is collected by or through an attorney after
maturity, I agree to pay 15 percent of the Principal and Interest owing as attorneys’ fees. These expenses are due and payable immediately. If not paid immediately, these expenses will bear interest from the date of payment until paid in full
at the highest Interest rate in effect as provided for in the terms of this Note. All fees and expenses will be secured by the Property I have granted to you, if any. To the extent permitted by the United States
 
 

 
Bankruptcy Code, I agree to pay the reasonable attorneys’ fees you incur to collect this Debt as awarded by any court exercising jurisdiction under the Bankruptcy Code. 

 
 14.    WARRANTIES AND REPRESENTATIONS.    I make to you the following warranties and representations
which will continue as long as this Note is in effect: 
  
 A.    Power:    I
am duly organized, and validly existing and in good standing in all jurisdictions in which I operate. I have the power and authority to enter into this transaction and to carry on my business or activity as it is now being conducted and, as
applicable, am qualified to do so in each jurisdiction in which I operate. 
  
 B.    Authority.    The execution, delivery and performance of this Note and the obligation evidenced by this Note are within my powers, have been duly authorized, have received all necessary
governmental approval, will not violate any provision of law, or order of court or governmental agency, and will not violate any agreement to which I am a party or to which I am or any of my Property is subject. 
  
 C.    Name and Place of Business.    Other than previously disclosed in writing to you I have not
changed my name or principal piece of business within the last 10 years and have not used any other trade or fictitious name. Without your prior written consent, I do not and will not use any other name and will preserve any existing name, trade
names and franchises. 
  
 15.    APPLICABLE LAW.    This Note is governed by the laws of
Georgia, the United States of America and to the extent required, by the laws of the jurisdiction where the Property is located. In the event of a dispute, the exclusive forum, venue and place of jurisdiction will be in Georgia, unless otherwise
required by law. 
  
 16.    JOINT AND INDIVIDUAL LIABILITY AND SUCCESSORS.    My obligation
to pay this Loan is independent of the obligation of any other person who has also agreed to pay it. You may sue me alone, or anyone else who is obligated on the Loan, or any number of us together, to collect this Loan. Extending this Loan or new
obligations under this Loan, will not affect my duty under this Loan and I will be obligated to pay this Loan. The duties and benefits of this Loan will bind and benefit the successors and assigns of you and me. 
  
 17.    AMENDMENT, INTEGRATION AND SEVERABILITY.    This Note may not be amended or modified by oral agreement. No
amendment or modification of this Note is effective unless made in writing and executed by you and me. This Note is the complete and final expression of the agreement. If any provision of this Note is unenforceable, then the unenforceable provision
will be severed and the remaining provisions will still be enforceable. 
  
 18.    INTERPRETATION.    Whenever used, the singular includes the plural and the plural includes the singular. The section headings are for convenience only and are not to be used to
interpret or define the terms of this Note. 
  
 19.    NOTICE, FINANCIAL REPORTS AND ADDITIONAL
DOCUMENTS.    Unless otherwise required by law, any notice will be given by delivering it or mailing it by first class mail to the appropriate party’s address listed in the DATE AND PARTIES section, or to any other
address designated in writing. Notice to one party will be deemed to be notice to all parties. I will inform you in writing of any change in my name, address or other application information. I will provide you any financial statement or information
you request. All financial statements and information I give you will be correct and complete. I agree to sign, deliver and file any additional documents or certifications that 
 

 you may consider necessary to perfect, continue, and preserve my obligations under this Loan and to confirm your lien status on any Property.
Time is of the essence. 
  
 20.    CREDIT INFORMATION.    I agree that from time to time you
may obtain credit information about me from others, including other lenders and credit reporting agencies, and report to others (such as a credit reporting agency) your credit experience with me. I agree that you will not be liable for any claim
arising form the use of information provided to you by others or for providing such information to others. 
  
 21.    ERRORS AND OMISSIONS.    I agree, if requested by you, to fully cooperate in the correction, if necessary, in the reasonable discretion of you of any and all loan closing
documents so that all documents accurately describe the loan between you and me. I agree to assume all costs including by way of illustration and not limitation, actual expenses, legal fees and marketing losses for failing to reasonably comply with
your requests within thirty (30) days. 
  
 22.    AGREEMENT TO ARBITRATE,    You or I may
submit to arbitration any dispute, claim or other matter in question between or among you and me that arises out of or relates to this Transaction (Dispute), except as otherwise indicated in this section or as you and I agree to in writing. For
purposes of this section, this Transaction includes this Note and any other documents, instruments and proposed loans or extensions of credit that relate to this note. You or I will not arbitrate any Dispute within any “core proceedings”
under the United States bankruptcy laws. 
  
 You and I must consent to arbitrate any Dispute concerning a debt secured by real estate at the
time of the proposed arbitration. You may foreclose or exercise any powers or sale against real property securing a debt underlying any Dispute before, during or after any arbitration. You may also enforce the debt secured by this real property and
underlying the Dispute before, during or after any arbitration. 
  
 You or I may seek provisional remedies at any time from a court having
jurisdiction to preserve the rights of or to prevent irreparable injury to you or me. Foreclosing or exercising a power of sale, beginning and continuing a juridical action or pursuing self-help remedies will not constitute a waiver of the right to
compel arbitration. 
  
 The arbitrator will determine whether a Dispute is arbitrable. A single arbitrator will resolve any Dispute, whether
individual or joint in nature, or whether based on contract, tort, or any other matter at law or in equity. The arbitrator may consolidate any Dispute with any related disputes, claims or other matters in question not arising out of this
Transaction. Any court having jurisdiction may enter a judgment or decree on the arbitrator’s award. The judgment or decree will be enforced as any other judgment or decree. 
  
 You and I acknowledge that the agreements, transactions or the relationships which result from the agreements or transactions between and among you and me involve interstate commerce. The United States
Arbitration Act will govern the interpretation and enforcement of this section. 
  
 The American Arbitration Association’s Commercial
Arbitration Rules, in effect on the date of this Note, will govern the selection of the arbitrator and the arbitration process, unless otherwise agreed to in this Note or another writing. 
  

23.    WAIVER OF TRIAL FOR ARBITRATION.    You and I understand that the parties have the right opportunity to litigate any Dispute through a
trial by judge or jury, but that the parties prefer to resolve Dispute through arbitration instead of litigation. If any Dispute is arbitrated, you and I voluntarily and knowingly waive the right to have a trial by jury or judge during the
arbitration. 
 

  
 24.    SIGNATURES.    By signing under seal. I agree to
the terms and contained in this Note. I also acknowledge receipt of a copy of this Note. 
  
 BORROWER: 
  
 First DB, LLC 
  
 
	 
	 /s/  William C. Lumpkin
 
	  	 (Seal)
 	    	  
	 William C. Lumpkin, Treasurer
 	  	  	    	  
	  	  	  	    	  
	 /s/  Jack F. Gamel    
 
	  	 (Seal)
 	    	  
	 Jack F. Gamel, Chairman
 	  	  	    	  
	  	  	  	    	  
	 /s/  James E. Daniell    
 
	  	 (Seal)
 	    	  
	 James E. Daniell, Vice ChairmanPrepared by R.R. Donnelley Financial -- Stock Option Plan

 EXHIBIT 10.5 
  
 FIRST COMMERCE COMMUNITY BANKSHARES, INC. 
  
 2002 STOCK OPTION PLAN 

 
 ARTICLE I 
  
 Purpose, Scope and Administration of the Plan 
  
 1.1    Purpose.    The purpose of this Stock Option Plan is to promote the long-term success of First Commerce Community Bankshares, Inc., a Georgia corporation (the
“Company”), and its affiliates and to encourage growth in shareholder value by providing financial incentives to selected members of its and its affiliates’ boards of directors, employees, consultants and advisers who are in positions
to make significant contributions toward that success. It is intended that the Company will, through the grant of options to purchase its common stock, attract and retain (and allow its affiliates to attract and retain) highly qualified and
competent employees and directors and motivate such employees and directors to exert their best efforts on behalf of the Company and its affiliates. 
  
 1.2    Definitions.    Unless the context clearly indicates otherwise, for purposes of this Plan: 
  

(a)  “Board of Directors” means the Board of Directors of the Company. 
  
 (b)  “Code” means the Internal Revenue Code of 1986, as amended. 
  
 (c)  “Committee” means a committee of the Board of Directors, which shall be composed of two or more members appointed from time to time by the Board of Directors from among its
members. If the Board of Directors does not appoint such a committee, all references in this Plan to the “Committee” shall be deemed to be references to the Board of Directors where the context so permits or requires. 

 
 (d)  “Common Stock” means the Common Stock of the Company, $1.00 par value per share, or such other class
of shares or other securities to which the provisions of the Plan may be applicable by reason of the operation of Section 3.1 hereof. 
  
 (e)  “Company” means the Company and any affiliates of the Company, including affiliates of the Company which become such after adoption of this Plan; provided, however, that for purposes of
granting Incentive Stock Options, the term “Company” shall include only the Company and its subsidiaries that are corporations in which the Company directly or indirectly owns stock possessing 50% or more of the total combined voting power
of all classes of stock in such corporation as provided in Code Section 424(f). 
 

  
 (f)  “Fair Market Value” of a share of Common Stock on a
specified date means: 
  
 (i) if the Common Stock is then traded on a national securities exchange,
the closing price on such date of a share of the Common Stock as traded on the largest securities exchange on which it is then traded; or 
  
 (ii) if the Common Stock is not then traded on a national securities exchange, the mean between the closing composite inter-dealer “bid” and “ask” prices for Common Stock, as quoted
on the NASDAQ National Market System (A) on such date, or (B) if no “bid” and “ask” prices are quoted on such date, then on the next preceding date on which such prices were quoted; or 
  
 (iii) if the Common Stock is not then traded on a national securities exchange or quoted on the NASDAQ National Market
System, the value determined in good faith by the Committee. 
  
 (g)  “Grant Date,” as used with
respect to a particular Option, means the date as of which the Option is granted by the Committee pursuant to the Plan. 
  
 (h)  “Grantee” means the person to whom an Option is granted by the Committee pursuant to the Plan. 
  
 (i)  “Incentive Stock Option” means an Option, or any portion thereof, granted to an employee of the Company which qualifies as an Incentive Stock Option as described in Section 422 of the Code, unless
the Committee expressly designates the Option, or such portion thereof, as a Nonqualified Stock Option. 
  
 (j)  “Nonqualified Stock Option” means any option granted under this Plan, other than an Incentive Stock Option. 
  
 (k)  “Option” means an Option granted by the Committee pursuant to Article II to purchase shares of Common Stock, which shall be designated at the time of grant as either an
Incentive Stock Option or a Nonqualified Stock Option, as provided in Section 2.1 hereof. 
  
 (l)  “Option Agreement” means the agreement between the Company and a Grantee under which the Grantee is granted an Option pursuant to the Plan. Option Agreements need not be identical with other Option
Agreements, either in form or substance, and need only conform to the terms and conditions of this Plan. 
  
 (m)  “Option Period” means, with respect to any Option granted hereunder, the period beginning on the Grant Date and ending at such time not later than the tenth anniversary of the Grant Date as the Committee in
its sole discretion shall determine and during which the Option may be exercised. 
  
 (n)  “Plan”
means the First Commerce Community Bankshares, Inc. 2002 Stock Option Plan as set forth herein and as amended from time to time. 
 

 2 

  
 1.3    Aggregate Limitation. 
  
 (a)  The maximum number of shares of Common Stock with respect to which Options may be granted shall not exceed the lesser of
(i) one hundred thousand (100,000) shares in the aggregate or (ii) 10% of the number of shares outstanding following completion of the Company’s initial public offering, all subject to possible adjustment in accordance with Section 3.1.

  
 (b)  Any shares of Common Stock to be delivered by the Company upon the exercise of Options shall, at
the discretion of the Board of Directors, be issued from the Company’s authorized but unissued shares of Common Stock or transferred from any available Common Stock held in treasury. 
  
 (c)  The Committee may grant new Options hereunder with respect to any shares for which an Option expires or otherwise terminates prior to being exercised.

  
 1.4    Administration of the Plan. 
  
 (a)  The Plan shall be administered by the Committee, which shall have the authority: 
  
 (i)  To determine the directors, employees, consultants and advisers of the Company to whom, and the times at
which, Options shall be granted, and the number of shares of Common Stock to be subject to each such Option, taking into consideration the nature of the services rendered by the particular Grantee, the Grantee’s potential contribution to the
long-term success of the Company and such other factors as the Committee in its discretion may deem relevant; 
  
 (ii)  To interpret and construe the provisions of the Plan and to establish rules and regulations relating to it; 
  
 (iii)  To prescribe the terms and conditions of the Option Agreements for the grant of Options (which need not be identical for all Grantees) in accordance and consistent with the
requirements of the Plan; and 
  
 (iv)  To make all other determinations necessary or
advisable to administer the Plan in a proper and effective manner. 
  
 (b)  All decisions and
determinations of the Committee in the administration of the Plan and on other matters concerning the Plan or any Option shall be final, conclusive and binding on all persons, including (but not by way of limitation) the Company, the shareholders
and directors of the Company, and any persons having any interest in any Options. The Committee shall be entitled to rely in reaching its decisions on the advice of counsel (who may be counsel to the Company). 
 

 3 

  
 1.5    Eligibility for
Awards.    The Committee shall in accordance with Article II designate from time to time the directors, employees, consultants and advisers of the Company who are to be granted Options. In no event may a person who is not an
employee of the Company be granted an Incentive Stock Option under the Plan. 
  
 1.6    Effective Date and Duration of Plan.    The Plan shall become effective on the date of its adoption by the Board of Directors; provided, that any grant of Options under the
Plan prior to approval of the Plan by the shareholders of the Company is subject to such shareholder approval within 12 months of adoption of the Plan by the Board of Directors. Unless previously terminated by the Board of Directors, the Plan (but
not any Options then outstanding) shall terminate on the tenth anniversary of its adoption by the Board of Directors. 
  
 ARTICLE II 
  
 Stock Options 
  
 2.1    Grant of Options. 
  
 (a)  The Committee may from time to time, subject to the provisions of the Plan, grant Options to directors, employees, consultants and advisers of the Company under appropriate Option Agreements to purchase shares of
Common Stock up to the aggregate number of shares of Common Stock set forth in Section 1.3(a). 
  
 (b)  The
Committee may designate as an Incentive Stock Option any Option (or portion thereof) granted to an employee of the Company which satisfies the requirements of Sections 2.2 and 2.3 hereof. Any portion of an Option that is not designated as an
Incentive Stock Option (or otherwise does not qualify as an Incentive Stock Option) shall be a Nonqualified Stock Option. A Nonqualified Stock Option must satisfy the requirements of Section 2.2 hereof, but shall not be subject to the requirements
of
 Section 2.3. 
  
 2.2    Option Requirements. 
  
 (a)  An Option shall be evidenced by an Option Agreement specifying the number and class of shares of Common Stock that may be
purchased upon its exercise and containing such other terms and conditions consistent with the Plan as the Committee may determine to be applicable to that Option. 
  
 (b)  No Option shall be granted under the Plan on or after the tenth anniversary of the date upon which the Plan was adopted by the Board of Directors.

  
 (c)  An Option shall expire by its terms at the expiration of the Option Period and shall not be
exercisable thereafter. 
  
 (d)  The Committee may provide in the Option Agreement for the expiration or
termination of the Option prior to the expiration of the Option Period, upon the occurrence of any event specified by the Committee. 
 

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 (e)  The Committee may provide in the Option Agreement for vesting
periods which require the passage of time and/or the occurrence of events in order for the Option to become exercisable. 
  
 (f)  The option price per share of Common Stock of an Incentive Stock Option shall not be less than the Fair Market Value of a share of Common Stock on the Grant Date. The option price per share of Common Stock of a
Nonqualified Stock Option shall be such price as shall be determined by the Committee at the time any such Nonqualified Option is granted, and may be greater than, equal to, or less than the Fair Market Value of a share of Common Stock at the time
such Nonqualified Option is granted. 
  
 (g)  An Option shall not be transferable other than by will or the
laws of descent and distribution, except that any vested portion of Nonqualified Stock Options may be transferred if the transfer is approved in advance in writing by the Committee or Board of Directors in their sole discretion. Unless transferred
with approval as provided in the preceding sentence, during the Grantee’s lifetime an Option shall be exercisable only by the Grantee or, if the Grantee is disabled and the Option remains exercisable, by his or her duly appointed guardian or
other legal representative. Upon the Grantee’s death, but only to the extent that the Option is otherwise exercisable hereunder, an Option may be exercised by the Grantee’s legal representative or by a person who receives the right to
exercise the Option under the Grantee’s will or by the applicable laws of descent and distribution. 
  
 (h)  Each Option Agreement shall contain an agreement that, upon demand by the Committee for such a representation, the Grantee (or any person acting on the Grantee’s behalf) shall deliver to the Committee at the time
of any exercise of an Option a written representation that the Common Stock to be acquired upon such exercise is to be acquired for investment and not for resale or with a view to the distribution thereof or such other representation as may be
required by the Committee. Upon such demand, delivery of such representation prior to the delivery of any Common Stock issued upon exercise of an Option and prior to the expiration of the Option period shall be a condition precedent to the right of
the Grantee or such other person to purchase any shares of Common Stock. 
  
 (i)  A person electing to
exercise an Option shall give written notice of election to the Company in such form as the Committee may require, accompanied by payment of the full purchase price of the shares of Common Stock for which the election is made. Payment of the
purchase price shall be made in cash or in such other form as the Committee may specify in the applicable Option Agreement. 
  
 2.3    Incentive Stock Option Requirements. 
  
 (a)  An Option
granted to an employee of the Company and designated by the Committee as an Incentive Stock Option is intended to qualify as an “incentive stock option” within the meaning of Section 422 of the Code and shall satisfy, in addition to the
conditions of Section 2.2 above, the conditions set forth in this Section 2.3. 
 

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 (b)  An Incentive Stock Option shall not be granted to an individual
who on the Grant Date owns stock possessing more than 10% of the total combined voting power of all classes of stock of the Company, unless the option price per share of Common Stock will not be less than 110% of the Fair Market Value thereof on the
Grant Date and the Option Period does not extend beyond five years from the Grant Date. 
  
 (c)  The
aggregate Fair Market Value, determined on the Grant Date, of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by a Grantee during any calendar year (under the Plan or any other plan of the
Company or any parent or subsidiary thereof) shall not exceed $100,000. 
  
 ARTICLE III 
  
 General Provisions 
  
 3.1    Adjustment Provisions. 
  
 (a) In the event of: 

 
 (i)  payment of a stock dividend in respect of Common Stock; or 
  
 (ii)  any recapitalization, reclassification, split-up or consolidation of or other change in the Common Stock;
or 
  
 (iii)  any exchange of the outstanding shares of Common Stock in connection with a
merger, consolidation or other reorganization of or involving the Company or a sale by the Company of all or a portion of its assets, for a different number or class of shares of stock or other securities of the Company or for shares of the stock or
other securities of any other corporation; 
  
 then the Committee shall, in such manner as it may determine in its sole discretion,
appropriately adjust the number and class of shares or other securities which shall be subject to Options and the purchase price per share which must be paid thereafter upon exercise of any Option. Any such adjustments made by the Committee shall be
final, conclusive and binding upon all persons, including (but not by way of limitation) the Company, the shareholders and directors of the Company, and any persons having any interest in any Options which may be granted under the Plan.

  
 (b)  Except as provided above in subparagraph (a) of this paragraph 3.1, issuance by the Company of
shares of stock of any class or securities convertible into shares of stock of any class shall not affect the Options. 
  
 3.2    Additional Conditions.  Any shares of Common Stock issued or transferred under any provision of the Plan may be issued or transferred subject to such conditions, in addition to those
specifically provided in the Plan, as the Committee or the Company may impose, and may require as a condition to exercise of the Option that the Grantee (or any person acting on the
 
 

 6 

 
Grantee’s behalf) enter into any agreement or execute any acknowledgment that the Committee shall deem necessary to ensure that the shares of Common Stock acquired pursuant to the Option
will be subject to any shareholders agreement as may be in effect at the time such Option is exercised. 
  
 3.3    No Rights as Shareholder or to Employment.  No Grantee or any other person authorized to purchase Common Stock upon exercise of an Option shall have any interest in or shareholder rights
with respect to any shares of the Common Stock which are subject to any Option until certificates evidencing the shares have been issued and delivered to the Grantee or any such person upon the exercise of the Option. Furthermore, an Option shall
not confer upon any Grantee any rights to employment or any other relationship with the Company, including without limitation any right to continue in the employ of the Company, nor affect the right of the Company to terminate the employment or
other relationship of the Grantee with the Company at any time with or without cause. 
  
 3.4    Legal Restrictions.  If in the opinion of legal counsel for the Company the issuance or sale of any shares of Common Stock pursuant to the exercise of an Option would not be lawful for any
reason, including (but not by way of limitation) the inability or failure of the Company to obtain from any governmental authority or regulatory body the authority deemed necessary by such counsel for such issuance or sale, the Company shall not be
obligated to issue or sell any Common Stock pursuant to the exercise of an Option to a Grantee or any other authorized person unless the Company receives evidence satisfactory to its legal counsel that the issuance and sale of the shares would not
constitute a violation of any applicable securities laws. The Company shall in no event be obligated to take any action which may be required in order to permit, or to remedy or remove any prohibition or limitation on, the issuance or sale of such
shares to any Grantee or other authorized person. 
  
 3.5    Rights
Unaffected.  The existence of the Options shall not affect: the right or power of the Company and its shareholders to make adjustments, recapitalizations, reorganizations or other changes in the Company’s capital structure or its
business; any issuance of bonds, debentures, preferred or prior preference stocks affecting the Common Stock or the rights thereof; the dissolution or liquidation of the Company, or sale or transfer of any part of its assets or business; or any
other corporate act, whether of a similar character or otherwise. 
  
 3.6    Withholding
Taxes.  As a condition to exercise of an Option, the Company may in its sole discretion withhold or require the Grantee to pay or reimburse the Company for any taxes which the Company determines are required to be withheld in
connection with the grant or any exercise of an Option. 
  
 3.7    Choice of
Law.  The validity, interpretation and administration of the Plan and of any rules, regulations, determinations or decisions made thereunder, and the rights of any and all persons having or claiming to have any interest therein or
thereunder, shall be determined exclusively in accordance with the laws of the State of Georgia. Without limiting the generality of the foregoing, the period within which any action in connection with the Plan must be commenced shall be governed by
the laws of the State of Georgia, without regard to the place where the act or omission complained of took place, the residence of any party to such action or the place where the action may be brought or maintained. 
 

 7 

  
 3.8    Amendment, Suspension and Termination of
Plan.  The Plan may from time to time be terminated, suspended or amended by the Board of Directors in such respects as it may deem advisable, including any such amendment effected (i) so that the Incentive Stock Options granted
hereunder shall be “incentive stock options” as such term is defined in Section 422 of the Code, or (ii) to conform to any change in any law or regulation governing the Plan, or the Options granted hereunder; provided, however, that no
such amendment shall change the following unless approved by the shareholders of the Company within 12 months following the date such amendment is adopted: 
  
 (a)  The maximum aggregate number of shares for which Options may be granted under the Plan, except as required under any adjustment pursuant to Section 3.1 hereof; or 

 
 (b)  The requirements as to eligibility for participation in the Plan in any material respect. 

 
 3.9    Headings.  The headings in this Plan are for convenience only and are not to be
used in interpreting the meaning or effect of any provisions hereof. 
 

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