SEC Contract Filing

Filing Date: 2025-03-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>tm259425d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="text-align: right; margin: 0"><B>Exhibit&nbsp;10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;OF VOTING AGREEMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>THIS
VOTING AGREEMENT</B></FONT> (this &ldquo;<U>Agreement</U>&rdquo;) is dated as of March 16, 2025, by and between the undersigned holder
(&ldquo;<U>Shareholder</U>&rdquo;) of voting common stock, $5.00 par value per share (&ldquo;<U>Company Common Stock</U>&rdquo;), of
First IC Corporation, a Georgia corporation (&ldquo;<U>Company</U>&rdquo;), and MetroCity Bankshares,&nbsp;Inc., a Georgia
corporation (&ldquo;<U>Buyer</U>&rdquo;). All capitalized terms used but not defined shall have the meanings assigned to them in the
Reorganization Agreement (as defined below).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>WHEREAS</B></FONT>,
concurrently with the execution of this Agreement, Buyer, Buyer Bank, Company and Company Bank are entering into an Agreement and Plan
of Reorganization (as may be subsequently amended or modified, the &ldquo;<U>Reorganization Agreement</U>&rdquo;), pursuant to which Company
shall merge with and into Buyer, with Buyer surviving the merger, and each outstanding share of Company Common Stock shall be converted
into the right to receive the Merger Consideration, and which further contemplates that Company Bank shall thereafter merge with and into
Buyer Bank, with Buyer Bank surviving the merger, pursuant to a separate Plan of Bank Merger;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>WHEREAS</B></FONT>,
Shareholder beneficially owns (as determined pursuant to Rule&nbsp;13d-3 under the Securities Exchange Act of 1934, as amended (the &ldquo;<U>Exchange
Act</U>&rdquo;)) and is entitled to dispose of (or direct the disposition of) and to vote (or direct the voting of) directly or indirectly
the number of shares of Company Common Stock identified on <U>Exhibit&nbsp;A</U> (such shares, together with all shares of Company Common
Stock subsequently acquired by Shareholder during the term of this Agreement, including through the exercise of any stock option or other
equity award, warrant or similar instrument, being referred to as the &ldquo;<U>Shares</U>&rdquo;), and holds stock options or other rights
to acquire the number of shares of Company Common Stock identified on <U>Exhibit&nbsp;A</U> (provided, that Shares do not include shares
beneficially owned by Shareholder but subject to the voting direction of a third party or over which Shareholder exercises control in
a fiduciary capacity (other than shares voted by Shareholder in a fiduciary capacity on behalf of (i)&nbsp;a family member or (ii)&nbsp;affiliated
entity of Shareholder, which shares are included in Shares) and no representation by Shareholder is made with respect to such shares pursuant
to the terms hereof); and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>WHEREAS</B></FONT>,
it is a material inducement to the willingness of Buyer to enter into the Reorganization Agreement that Shareholder execute and deliver
this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>NOW,
THEREFORE,</B></FONT> in consideration of, and as a material inducement to, Buyer entering into the Reorganization Agreement and proceeding
with the transactions it contemplates, and in consideration of the expenses incurred or to be incurred by Buyer, Shareholder and Buyer
agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;1.</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<FONT STYLE="font-size: 10pt"><U>Agreement
to Vote Shares</U>. Shareholder, solely in his or her capacity as a shareholder of Company, agrees that, while this Agreement is in effect,
at any meeting of shareholders of Company, however called, or at any adjournment(s)&nbsp;or postponement(s)&nbsp;of such a shareholders&rsquo;
meeting, or in any other circumstances in which Shareholder is entitled to vote, consent, or give any other approval in his or her capacity
as a shareholder of Company, except as otherwise agreed to in writing in advance by Buyer, Shareholder shall:</FONT></P>

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