<SEC-DOCUMENT>0001171843-19-004144.txt : 20190624
<SEC-HEADER>0001171843-19-004144.hdr.sgml : 20190624
<ACCEPTANCE-DATETIME>20190624160550
ACCESSION NUMBER:		0001171843-19-004144
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190520
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190624
DATE AS OF CHANGE:		20190624

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLONY BANKCORP INC
		CENTRAL INDEX KEY:			0000711669
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				581492391
		STATE OF INCORPORATION:			GA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12436
		FILM NUMBER:		19915297

	BUSINESS ADDRESS:	
		STREET 1:		115 SOUTH GRANT STREET
		STREET 2:		.
		CITY:			FITZGERALD
		STATE:			GA
		ZIP:			31750
		BUSINESS PHONE:		229-426-6000

	MAIL ADDRESS:	
		STREET 1:		115 SOUTH GRANT STREET
		STREET 2:		.
		CITY:			FITZGERALD
		STATE:			GA
		ZIP:			31750
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>f8ka_062119.htm
<DESCRIPTION>FORM 8-K/A
<TEXT>
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<P STYLE="margin: 0"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 5.5in; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>FORM 8-K/A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>(Amendment
No. 2)</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>CURRENT
REPORT </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<B>May 20, 2019</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 16pt"><B>COLONY
BANKCORP, INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact Name of Registrant as Specified
in Charter) </B></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Georgia</B></FONT></TD>
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-size: 10pt"><B>000-12436</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>58-1492391</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or Other Jurisdiction</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Commission</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">of&nbsp;&nbsp;Incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Identification Number)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>115 South Grant Street, Fitzgerald, Georgia
31750</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of Principal Executive Offices)</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(229) 426-6000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Registrant&rsquo;s Telephone Number,
Including Area Code)</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NOT APPLICABLE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Former Name or Former Address, If Changed
Since Last Report) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">__________________</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0">&#9744;</TD><TD STYLE="width: 37.45pt"></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
</TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0">&#9744;</TD><TD STYLE="width: 37.45pt"></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)&#9;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0">&#9744;</TD><TD STYLE="width: 37.45pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))&#9;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0">&#9744;</TD><TD STYLE="width: 37.45pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section 12(b) of the Act:</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 39%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">Title
        of each Class</P></TD>
    <TD STYLE="width: 18%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">Trading
        Symbol(s)</P></TD>
    <TD STYLE="width: 43%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">Name of
        each exchange on which registered</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">Common stock, par value $1.00 per share</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">CBAN</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">The NASDAQ Stock Market LLC</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR &sect;240.12b-2).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 37.45pt; text-align: justify; text-indent: -37.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: 0pt">Emerging growth
company &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 45pt; text-align: justify; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U></U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.2pt 0pt 0.75in; text-align: justify; text-indent: -0.75in"><B>Explanatory
Note</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.2pt 0pt 0.75in; text-align: justify; text-indent: -0.75in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On May 20, 2019, Colony
Bankcorp, Inc. (the &ldquo;Holding Company&rdquo;), the bank holding company for Colony Bank (the &quot;Bank&quot; and, together
with the Holding Company, the &ldquo;Company&rdquo;), filed a Current Report on Form 8-K reporting the appointment of Tracie Youngblood
as the new Chief Financial Officer of the Holding Company and the Bank. This Form 8-K/A is being filed to disclose the material
terms of Ms. Youngblood&rsquo;s employment agreement, which were not yet finalized as of the date of the filing of the Current
Report on Form 8-K on May 20, 2019, as well as to disclose the effective date of her appointment as Chief Financial Officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.2pt 0pt 0.75in; text-align: justify; text-indent: -0.75in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 5.02</B></TD><TD STYLE="text-align: justify; padding-right: 19.2pt"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 24, 2019, the
Bank and Ms. Youngblood entered into an employment agreement (the &ldquo;Employment Agreement&rdquo;), pursuant to which Ms. Youngblood
will provide services to the Company as its Executive Vice President and Chief Financial Officer effective as of June 24, 2019.
Ms. Youngblood will report to the Chief Executive Officer of the Company. The Employment Agreement has a two-year term and provides
for an initial base salary of $210,000 per year. Ms. Youngblood will have an opportunity to receive an annual bonus (up to a maximum
of 25% of her base salary) based upon the achievement of performance goals established from year to year by the Compensation Committee.
Ms. Youngblood will also have an opportunity to participate in the Bank&rsquo;s benefits plans available to other similarly-situated
Company employees, subject to the terms and conditions of such plans, and she will be eligible for vacation, PTO and holidays consistent
with the Bank&rsquo;s policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the Employment
Agreement, if a change in control of the Company occurs during the term of the Employment Agreement and, within twelve months following
such change in control, the Company terminates Ms. Youngblood&rsquo;s employment other than for &ldquo;cause&rdquo; or &ldquo;disability&rdquo;
or Ms. Youngblood resigns for &ldquo;good reason&rdquo; (as such terms are defined in the Employment Agreement), then the Bank
will pay to Ms. Youngblood an amount equal to one times Ms. Youngblood&rsquo;s then-current base salary, payable in a single lump
sum within 30 days following her termination, subject to Ms. Youngblood&rsquo;s compliance with certain restrictive covenants and
execution and non-revocation of a general release of claims against the Company. The Employment Agreement contains certain non-competition
and employee and customer non-solicitation covenants that apply during her employment with the Bank and for 12 months following
her termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The foregoing summary
of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the Employment Agreement,
a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.2pt 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01.</B></TD><TD STYLE="text-align: justify; padding-right: 19.2pt"><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(d) Exhibits.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                                                                                                                                                                                                                                                                                              <TR STYLE="vertical-align: top">
<TD></TD><TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Exhibit</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Number</U></P>

</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left; vertical-align: bottom"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><A HREF="exh_101.htm">10.1</A></TD>
    <TD>&nbsp;</TD><TD><A HREF="exh_101.htm">Employment Agreement, dated as of June 24, 2019, between Colony Bankcorp, Inc. and Tracie Youngblood.</A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.2pt 0pt 37.4pt; text-indent: -37.4pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.2pt 0pt 37.4pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><FONT STYLE="font-size: 12pt"><B>SIGNATURE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.2pt 0pt 37.4pt; text-indent: -37.4pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 37.4pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</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">Date: June 24, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>COLONY BANKCORP, INC.</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%">By:</TD>
    <TD STYLE="width: 48%"><U>/s/ Terry L. Hester&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Terry L. Hester</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Executive Vice President/Treasurer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 252.45pt; text-indent: 0pt"></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">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 252.45pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 271.15pt"><BR> </P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 19.2pt 0pt 37.4pt; text-indent: -37.4pt"></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">&nbsp;</P>

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

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EMPLOYMENT 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">This EMPLOYMENT AGREEMENT
(this &ldquo;<U>Agreement</U>&rdquo;), dated as of this 24th day of June, 2019 (the &ldquo;<U>Effective Date</U>&rdquo;), is by
and between Colony Bank (the &ldquo;<U>Employer</U>&rdquo;), a Georgia Bank and wholly-owned subsidiary of Colony Bankcorp, Inc.
(the &ldquo;<U>Holding Company</U>&rdquo;) and Tracie Youngblood (&ldquo;<U>Executive</U>&rdquo;), a resident of the State of Georgia
(collectively, the &ldquo;<U>Parties</U>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Employer desires
to secure the services of Executive and to enter into this Agreement embodying the terms of the employment of Executive by Employer;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Executive
desires to begin employment with Employer and to enter into this Agreement in order to facilitate and obtain the benefits set forth
herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the mutual covenants herein contained, Employer and Executive hereby agree as follows:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify"><U>Employment</U>.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Agreement to Employ</U>. Upon the terms and subject to the conditions of this Agreement, Employer hereby agrees to employ
Executive and Executive hereby agrees to be employed with Employer as of the Effective Date.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Term of Agreement</U>. The term of this Agreement and Executive&rsquo;s employment with Employer hereunder shall begin
on the Effective Date and shall end on the second (2<SUP>nd</SUP>) anniversary of the Effective Date (the &ldquo;<U>Term</U>&rdquo;),
unless terminated earlier in accordance with Section 4 below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify"><U>Position; Extent of Service; Office Location</U>.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Position</U>.
During the Term, Executive shall serve as Executive Vice President and Chief Financial Officer of Employer and the Holding Company,
and in such other position or positions with Employer and/or the Holding Company as may be reasonably delegated by the Chief Executive
Officer of the Bank. In such capacity, Executive will report directly to the Chief Executive Officer of the Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Extent
of Service</U>. During the Term, Executive shall (i) use Executive&rsquo;s reasonable best efforts, judgment, skill and energy
to perform the services required of Executive&rsquo;s under this Agreement in a manner consonant with the duties of Executive&rsquo;s
position; (ii) devote substantially all of Executive&rsquo;s business effort, time, energy, and skill (reasonable vacations and
reasonable absences due to illness excepted) to fulfill Executive&rsquo;s employment duties; (iii) faithfully, loyally and diligently
perform such duties, subject to the control and supervision of the Chief Executive Officer of the Bank; and (iv) diligently follow
and implement all lawful management policies and decisions of the Chief Executive Officer of the Bank that are communicated to
Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Office
Location</U>. <FONT STYLE="background-color: white">Executive shall maintain offices in both Albany, Georgia and Fitzgerald, Georgia;
<I>provided, however</I>, that Executive agrees to make reasonable efforts to, at least weekly, perform Executive&rsquo;s services
from the Bank&rsquo;s main office in Fitzgerald, Georgia office. In addition, Executive from time-to time may be required to travel
to other geographic locations in connection with the performance of Executive&rsquo;s duties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify"><U>Compensation
and Benefits</U>.</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Base
Salary</U>. During the Term, Employer shall pay to Executive base salary at the rate of Two-Hundred and Ten Thousand Dollars and
Zero Cents ($210,000.00) per year (&ldquo;<U>Base Salary</U>&rdquo;), subject to applicable withholdings required by law or authorized
by Executive. Executive&rsquo;s Base Salary will be paid in accordance with Employer&rsquo;s ordinary payroll policies and practices
then in effect. Executive&rsquo;s Base Salary is subject to review annually by the Chief Executive Officer of the Bank and the
Compensation Committee of the Board of Directors of the Bank (the &ldquo;<U>Bank Board</U>&rdquo;) and the Board of Directors of
the Holding Company (the &ldquo;<U>Holding Company Board</U>&rdquo;) in connection with the annual performance review process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Bonus
Plans</U>. During the Term, Executive shall have an opportunity to receive an annual bonus (up to a maximum of twenty-five percent
(25%) of Base Salary) based upon the achievement of performance goals established from year to year by the Compensation Committee
of the Bank Board (the &ldquo;<U>Annual Bonus</U>&rdquo;) and the Compensation Committee of the Holding Company Board, pursuant
to the terms and conditions of Employer&rsquo;s standard cash incentive plan for peer executives. Except as otherwise provided
by Employer, Executive must be employed by Employer on the date the Annual Bonus, if any, is paid in order to receive the Annual
Bonus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Benefit
Plans</U>. During the Term, Executive shall be eligible to participate in each employee benefit plan sponsored or maintained by
Employer, including, without limitation, each medical, dental, group life, accident or disability insurance, and retirement contribution
matching, in each case, whether now existing or established hereafter, to the extent that Executive is eligible to participate
in any such plan under the generally applicable provisions thereof. Nothing in this Agreement shall require Employer to create
or maintain any employee benefit plans, nor shall anything in this Agreement prohibit Employer from changing or discontinuing any
existing employee benefit plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Vacation,
PTO and Holidays</U>. During the Term, Executive shall be entitled to up to four (4) weeks of paid vacation leave each calendar
year during the Term, as well as seven (7) days of paid-time off (PTO), plus holidays offered consistent with Employer policy.
Unused vacation and PTO shall be treated in accordance with Employer policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reimbursement
of Expenses</U>. During the Term, Employer shall reimburse Executive for all reasonable out-of-pocket expenses incurred by Executive
on behalf of Employer in the ordinary course of business, in accordance with Employer&rsquo;s then current reimbursement procedures.
Without limiting the foregoing, Executive shall be entitled to reimbursement for (i) reasonable expenses incurred by Executive
in moving to Albany, GA; and (ii) reasonable temporary housing expenses incurred during the sixty (60) day period immediately following
the Effective Date (collectively, &ldquo;<U>Relocation Expenses</U>&rdquo;). If on or before the first anniversary of the Effective
Date, Executive voluntarily resigns from Executive&rsquo;s employment for any reason, or Employer terminates Executive&rsquo;s
employment for Cause, then Executive shall promptly repay Employer in full for the amount of such Relocation Expenses actually
paid by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Automobile
Allowance</U>. During the Term, Employer shall pay to Executive a monthly automobile allowance of Eight Hundred Dollars and Zero
Cents ($800.00). Employer also shall reimburse Executive for Executive&rsquo;s fuel expenses incurred in connection with Executive&rsquo;s
business travel. Executive shall be responsible for any tax liability resulting from the automobile allowance and fuel reimbursement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Terms
Regarding Reimbursement of Expenses</U>. If Executive is entitled to be paid or reimbursed for any taxable expenses under this
Agreement, and such payments or reimbursements are includible in Executive&rsquo;s federal gross taxable income, the amount of
such expenses reimbursable in any one calendar year shall not affect the amount reimbursable in any other calendar year, and the
reimbursement of an eligible expense must be made no later than December 31 of the year after the year in which the expense was
incurred. No right of Executive to reimbursement of expenses shall be subject to liquidation or exchange for another benefit.</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify"><U>Termination of Employment.</U>
                                         This Agreement and Executive&rsquo;s employment with Employer may be terminated as follows:&#9;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>.
Executive&rsquo;s employment and this Agreement shall terminate immediately upon the death of Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>.
If Executive is incapacitated by accident, sickness or otherwise so as to render Executive&rsquo;s mentally or physically incapable
of performing fully the services required of Executive&rsquo;s under this Agreement (referred to herein as a &ldquo;<U>Disability</U>&rdquo;)
for a period of ninety (90) consecutive days or for an aggregate of one hundred twenty (120) business days during any twelve (12)
month period, Employer may terminate Executive&rsquo;s employment and this Agreement effective immediately after the expiration
of either of such periods, upon giving Executive written notice of such termination. Notwithstanding the foregoing provision, if
it is determined by Employer that Executive has a &ldquo;disability&rdquo; as defined under the Americans with Disabilities Act,
Executive&rsquo;s employment shall not be terminated on the basis of such disability unless it is first determined by Employer
after consultation with Executive that there is no reasonable accommodation which would permit Executive to perform the essential
functions of Executive&rsquo;s position without imposing an undue hardship on Employer.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>By
Employer.</U> Employer may terminate Executive&rsquo;s employment and this Agreement with or without Cause immediately on written
notice to Executive. For purposes of this Agreement, &ldquo;<U>Cause</U>&rdquo; shall mean a good faith determination by Employer
that any of the following has occurred: (i) any intentional misconduct by Executive in connection with Employer&rsquo;s business
or relating to Executive&rsquo;s duties, or any willful violation of any laws, rules or regulations applicable to banks or the
banking industry generally (including but not limited to the regulations of the Board of Governors of the Federal Reserve, the
Federal Deposit Insurance Corporation (the &ldquo;<U>FDIC</U>&rdquo;), the State of Georgia Department of Banking and Finance,
or any other applicable regulatory authority); (ii) Executive&rsquo;s material failure to comply with Employer&rsquo;s policies
or guidelines of employment or corporate governance policies or guidelines, including, without limitation, any business code of
ethics adopted by Employer; (iii) any act of fraud, misappropriation or embezzlement by Executive, whether or not such act was
committed in connection with the business of Employer; (iv) a breach or threatened breach of this Agreement, including, without
limitation, a breach of any of the obligations set forth in Section 6 hereof, that, if such breach is capable of being cured,
is not cured by Executive within ten (10) days of written notice by Employer of the breach; or (v) the conviction by Executive
of, or Executive&rsquo;s pleading guilty or nolo contendere to, a felony or a crime involving moral turpitude (including pleading
guilty or nolo contendere to a felony or lesser charge which results from plea bargaining), whether or not such felony, crime
or lesser offense is connected with the business of Employer.&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>By
Executive</U>. Executive&rsquo;s employment and this Agreement may be terminated by Executive for any reason at any time or with
Good Reason (as defined herein) following a Change in Control (as defined in this Agreement) by delivering a written notice of
termination to Employer thirty (30) days prior to the desired date of termination (with the thirty (30) day period to be referred
to as the &ldquo;<U>Notice Period</U>&rdquo;). During the Notice Period, and at the sole discretion of Employer, Executive may
be required to assist Employer with identifying a successor and in transitioning Executive&rsquo;s duties and responsibilities
to that successor. Moreover, during the Notice Period, and at the sole discretion of Employer, Executive may be relieved of all
duties and/or prohibited from physically working at the offices of Employer. A termination by Executive shall not constitute termination
for Good Reason unless Executive shall first have delivered to Employer written notice setting forth with specificity the occurrence
deemed to give rise to a right to terminate for Good Reason (which notice must be given no later than sixty (60) days after the
initial occurrence of such event) (the &ldquo;<U>Good Reason Notice</U>&rdquo;), and Employer has not taken action to correct,
rescind or otherwise substantially reverse the occurrence supporting termination for Good Reason as identified by Executive within
thirty (30) days following its receipt of such Good Reason Notice. Good Reason shall not include Executive&rsquo;s death or Disability.
Executive&rsquo;s date of termination for Good Reason must occur within a period of one hundred twenty (120) days after the occurrence
of an event of Good Reason. For purposes of this Agreement, &ldquo;<U>Good Reason</U>&rdquo; shall mean any of the following, without
Executive&rsquo;s consent: (i) a material diminution in Executive&rsquo;s Base Salary (other than an across-the-board reduction
in base salary that affects all peer executives); (ii) a material diminution in Executive&rsquo;s authority, duties, or responsibilities;
or (iii) the relocation of Executive&rsquo;s principal office to a location that is more than thirty-five (35) miles from Employer&rsquo;s
principal offices in Fitzgerald, Georgia or Albany, Georgia; <I>provided, however</I>, that Good Reason shall not include any relocation
of Executive&rsquo;s principal office which is proposed or initiated by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>By
Written Agreement</U>. The Parties may agree in writing to terminate Executive&rsquo;s employment with Employer and this Agreement
on the terms set forth in such writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify"><U>Obligations
Upon Termination</U>.</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination for
Any Reason</U>. If this Agreement and Executive&rsquo;s employment with Employer are terminated for any reason, Employer shall
be obligated to pay to Executive (or, in the case of a termination under Section 4(a), Executive&rsquo;s estate) only: (i) any
Base Salary already earned but unpaid (which shall be paid in a lump sum in cash within thirty (30) days after Executive&rsquo;s
date of termination); and (ii) to the extent not theretofore paid or provided, any other amounts or benefits required to be paid
or provided or which Executive is eligible to receive under any plan, program, policy or practice or contract or agreement of
Employer (collectively, the &ldquo;<U>Accrued Obligations</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in; background-color: white">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>CIC
Qualifying Termination</U>. If, during the Term and within twelve (12) months following a Change in Control (as defined in Section
6(b) hereof), Employer terminates Executive&rsquo;s employment and this Agreement other than for Cause or Disability or Executive
terminates Executive&rsquo;s employment and this Agreement for Good Reason (each, a &ldquo;<U>CIC Qualifying Termination</U>&rdquo;),
then, in addition to the Accrued Obligations, Employer shall pay to Executive an amount equal to one (1) times Executive&rsquo;s
then-current Base Salary, subject to applicable withholdings and payable in a single lump sum within thirty (30) days following
the date of the CIC Qualifying Termination (the &ldquo;<U>Severance</U>&rdquo;). The Severance shall be subject to Executive&rsquo;s
continued compliance in all material respects with Section 6 hereof and the execution, delivery, and non-revocation of a separation
agreement and general release (other than of Employer&rsquo;s obligations under this Agreement), in form reasonably acceptable
to Employer (the &ldquo;<U>Release</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
Other than by Reason of a CIC Qualifying Termination</U>. If this Agreement and Executive&rsquo;s employment terminates other than
by reason of a CIC Qualifying Termination, Employer shall be obligated to pay to Executive only the Accrued Obligations and shall
have no further obligations to Executive. For the avoidance of doubt, a termination for any reason or resignation for any reason
that occurs prior to a Change in Control or more than twelve (12) months following a Change in Control shall not be a CIC Qualifying
Termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
upon Expiration of the Term</U>. If this Agreement and Executive&rsquo;s employment with Employer terminate as a result of the
expiration of the Term, Employer shall be obligated to pay to Executive only the Accrued Obligations and shall have no further
obligations to Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Survival
of Restrictions on Conduct of Executive</U>. The provisions of Section 6 of this Agreement, as well as any other terms of this
Agreement necessary for the interpretation of Section 6, shall survive termination of the Agreement pursuant to the time periods
specified therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify"><U>Restrictions
on Conduct of Executive</U>.</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Acknowledgements</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Condition
of Employment and Other Consideration</U>. Executive acknowledges and agrees that Executive has received good and valuable consideration
for entering into this Agreement, including, without limitation, access to and use of Employer&rsquo;s Confidential Information
and access to Employer&rsquo;s donor and employee relationships and goodwill, and further acknowledges that Employer would not
employ or continue to employ Executive in the absence of Executive&rsquo;s execution of and compliance with this Agreement.</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: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Access
to Confidential Information, Relationships, and Goodwill</U>. Executive acknowledges and agrees that Executive is being provided
and entrusted with Confidential Information, including highly confidential business information that is subject to extensive measures
to maintain its secrecy within Employer, is not known in the trade or disclosed to the public, and would materially harm Employer&rsquo;s
legitimate business interests if it was disclosed or used in violation of this Agreement. Executive also acknowledges and agrees
that Executive is being provided and entrusted with access to Employer&rsquo;s donor and employee relationships and goodwill. Executive
further acknowledges and agrees that Employer would not provide access to the Confidential Information, donor and employee relationships,
and goodwill in the absence of Executive&rsquo;s execution of and compliance with this Agreement. Executive further acknowledges
and agrees that Employer&rsquo;s Confidential Information, donor and employee relationships, and goodwill are valuable assets of
Employer and are legitimate business interests that are properly subject to protection through the covenants contained in this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Potential
Unfair Competition</U>. Executive acknowledges and agrees that as a result of Executive&rsquo;s employment with Employer, Executive&rsquo;s
knowledge of and access to Confidential Information, and Executive&rsquo;s relationships with Employer&rsquo;s donors and employees,
Executive would have an unfair competitive advantage if Executive were to engage in activities in violation of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Undue Hardship</U>. Executive acknowledges and agrees that, in the event that Executive&rsquo;s employment with Employer terminates,
Executive possesses marketable skills and abilities that will enable Executive to find suitable employment without violating the
covenants set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Voluntary
Execution</U>. Executive acknowledges and affirms that Executive is executing this Agreement voluntarily, that Executive has read
this Agreement carefully and had a full and reasonable opportunity to consider this Agreement (including an opportunity to consult
with legal counsel), and that Executive has not been pressured or in any way coerced, threatened or intimidated into signing this
Agreement.&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
The following capitalized terms used in this Agreement shall have the meanings assigned to them below, which definitions shall
apply to both the singular and the plural forms of such terms:</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: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Change
in Control</U>&rdquo; means and includes the occurrence of any one of the following events but shall specifically exclude a public
offering of any class or series of the Holding Company&rsquo;s equity securities pursuant to a registration statement filed by
the Holding Company under the Securities Act of 1933:</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 0pt 0.5in; text-align: justify; text-indent: 1.5in">(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;during
any consecutive 12-month period, individuals who, at the beginning of such period, constitute the Holding Company Board (the &ldquo;<U>Incumbent
Directors</U>&rdquo;) cease for any reason to constitute at least a majority of such Board, provided that any person becoming a
director after the beginning of such 12-month period and whose election or nomination for election was approved by a vote of at
least a majority of the Incumbent Directors then on the Holding Company Board shall be an Incumbent Director; <I>provided, however</I>,
that no individual initially elected or nominated as a director of the Holding Company as a result of an actual or threatened election
contest with respect to the election or removal of directors (&ldquo;<U>Election Contest</U>&rdquo;) or other actual or threatened
solicitation of proxies or consents by or on behalf of any Person other than the Holding Company Board (&ldquo;<U>Proxy Contest</U>&rdquo;),
including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest, shall be deemed an Incumbent
Director; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
person becomes a Beneficial Owner (as defined in Rule 13d-3 of the General Rules and Regulations under the Securities Exchange
Act of 1934), directly or indirectly, of either (A) 50% or more of the then-outstanding shares of common stock of the Holding Company
(&ldquo;<U>Holding Company Common Stock</U>&rdquo;) or (B) securities of the Holding Company representing 50% or more of the combined
voting power of the Holding Company&rsquo;s then outstanding securities eligible to vote for the election of directors (the &ldquo;<U>Holding
Company Voting Securities</U>&rdquo;); <I>provided, however</I>, that for purposes of this subsection (ii), the following acquisitions
of Holding Company Common Stock or Holding Company Voting Securities shall not constitute a Change in Control: (w) an acquisition
directly from the Holding Company, (x) an acquisition by the Holding Company or a Subsidiary, (y) an acquisition by any employee
benefit plan (or related trust) sponsored or maintained by the Holding Company or any Subsidiary, or (z) an acquisition pursuant
to a Non-Qualifying Transaction (as defined in subsection (iii) below); or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 1.5in">(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
consummation of a reorganization, merger, consolidation, statutory share exchange or similar form of corporate transaction involving
the Holding Company or a Subsidiary (a &ldquo;<U>Reorganization</U>&rdquo;), or the sale or other disposition of all or substantially
all of the Holding Company&rsquo;s assets (a &ldquo;<U>Sale</U>&rdquo;) or the acquisition of assets or stock of another corporation
or other entity (an &ldquo;<U>Acquisition</U>&rdquo;), unless immediately following such Reorganization, Sale or Acquisition: (A)
all or substantially all of the individuals and entities who were the Beneficial Owners, respectively, of the outstanding Holding
Company Common Stock and outstanding Holding Company Voting Securities immediately prior to such Reorganization, Sale or Acquisition
beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock and the combined
voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may
be, of the entity resulting from such Reorganization, Sale or Acquisition (including, without limitation, an entity which as a
result of such transaction owns the Holding Company or all or substantially all of the Holding Company&rsquo;s assets or stock
either directly or through one or more subsidiaries, the &ldquo;<U>Surviving Entity</U>&rdquo;) in substantially the same proportions
as their ownership, immediately prior to such Reorganization, Sale or Acquisition, of the outstanding Holding Company Common Stock
and the outstanding Holding Company Voting Securities, as the case may be, and (B) no person (other than (x) the Holding Company
or any Subsidiary, (y) the Surviving Entity or its ultimate parent entity, or (z) any employee benefit plan (or related trust)
sponsored or maintained by any of the foregoing) is the Beneficial Owner, directly or indirectly, of 50% or more of the total common
stock or 50% or more of the total voting power of the outstanding voting securities eligible to elect directors of the Surviving
Entity, and (C) at least a majority of the members of the board of directors of the Surviving Entity were Incumbent Directors at
the time of the Board&rsquo;s approval of the execution of the initial agreement providing for such Reorganization, Sale or Acquisition
(any Reorganization, Sale or Acquisition which satisfies all of the criteria specified in (A), (B) and (C) above shall be deemed
to be a &ldquo;<U>Non-Qualifying Transaction</U>&rdquo;).</P>

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Competitive
Services</U>&rdquo; means the community banking or commercial banking business, including, without limitation, originating, underwriting,
closing and selling loans, receiving deposits and otherwise engaging in the business of banking, as well as the business of providing
any other activities, products, or services of the type conducted, authorized, offered, or provided by Employer as of Executive&rsquo;s
Termination Date, or during the two (2) years immediately prior to Executive&rsquo;s Termination Date.</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: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Confidential
Information</U>&rdquo; means any and all data and information relating to Employer, or their respective activities, business, donors,
or clients that (i) is disclosed to Executive or of which Executive becomes aware as a consequence of Executive&rsquo;s employment
with Employer; (ii) has value to Employer; and (iii) is not generally known outside of Employer. &ldquo;Confidential Information&rdquo;
shall include, but is not limited to the following types of information regarding, related to, or concerning Employer: trade secrets
(as defined by O.C.G.A. &sect; 10-1-761); financial plans and data; management planning information; business plans; operational
methods; market studies; marketing plans or strategies; pricing information; product development techniques or plans; donor or
customer lists; donor or customer files, data and financial information; details of donor or customer contracts; current and anticipated
donor or customer requirements; identifying and other information pertaining to business referral sources; past, current and planned
research and development; computer aided systems, software, strategies and programs; business acquisition plans; management organization
and related information (including, without limitation, data and other information concerning the compensation and benefits paid
to officers, directors, employees and management); personnel and compensation policies; new personnel acquisition plans; and other
similar information. &ldquo;Confidential Information&rdquo; also includes combinations of information or materials which individually
may be generally known outside of Employer, but for which the nature, method, or procedure for combining such information or materials
is not generally known outside of Employer. In addition to data and information relating to Employer, &ldquo;Confidential Information&rdquo;
also includes any and all data and information relating to or concerning a third party that otherwise meets the definition set
forth above, that was provided or made available to Employer by such third party, and that Employer has a duty or obligation to
keep confidential. This definition shall not limit any definition of &ldquo;confidential information&rdquo; or any equivalent term
under state or federal law. &ldquo;Confidential Information&rdquo; shall not include information that has become generally available
to the public by the act of one who has the right to disclose such information without violating any right or privilege of Employer.</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: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Intellectual
Property Rights</U>&rdquo; means all intellectual property rights worldwide arising under statutory or common law or by contract
and whether or not perfected, pending, now existing or hereafter filed, issued, or acquired, including all (A) patent rights; (B)
rights associated with works of authorship including copyrights and mask work rights; (C) rights relating to the protection of
trade secrets and confidential information; (D) trademarks, service marks, trade dress, and trade names; and (E) any right analogous
to those set forth herein and any other proprietary rights relating to intangible property.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Invention</U>&rdquo;
means any discovery, process, formula, method, compound, composition of matter, technique, development, improvement, design, schematic,
device, concept, system, technical information, or know-how, whether patentable or not, and any and all patent rights therein,
whether now or hereafter perfected and reduced to practice.</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: justify; text-indent: 1.5in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Material
Contact</U>&rdquo; means contact between Executive and a customer or potential customer of Employer (i) with whom or which Executive
has or had dealings on behalf of Employer; (ii) whose dealings with Employer are or were coordinated or supervised by Executive;
(iii) about whom Executive obtains Confidential Information in the ordinary course of business as a result of Executive&rsquo;s
employment with Employer; or (iv) who receives products or services of Employer, the sale or provision of which results or resulted
in compensation, commissions, or earnings for Executive within the two (2) years preceding the conduct in question (if the conduct
occurs while Executive is still employed by Employer) or the Termination Date (if the conduct occurs after Executive&rsquo;s Termination),
as applicable.</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: justify; text-indent: 1.5in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Person</U>&rdquo;
means any individual or any corporation, partnership, joint venture, limited liability company, association or other entity or
enterprise.</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: justify; text-indent: 1.5in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Principal
or Representative</U>&rdquo; means a principal, owner, partner, shareholder, joint venturer, investor, member, trustee, director,
officer, manager, employee, agent, representative or consultant.</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: justify; text-indent: 1.5in">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Protected
Customer</U>&rdquo; means any Person to whom Employer has sold its products or services or actively solicited to sell its products
or services, and with whom Executive has had Material Contact on behalf of Employer during the last two years of Executive&rsquo;s
employment with Employer.</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: justify; text-indent: 1.5in">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Protected
Work</U>&rdquo; means any and all ideas, Inventions, Works, hardware systems, logos, trade dress, trademarks, service marks, brand
names, and trade names (i) conceived, developed or produced by Executive, in whole or in part, alone or by others working with
Executive or under Executive&rsquo;s direction, during the period of Executive&rsquo;s employment which relates to Employer&rsquo;s
business, (ii) conceived, produced or used or intended for use by or on behalf of Employer or its customers or (iii) conceived,
developed or produced by Executive after Executive leaves the employ of Employer that relates to or is based on Confidential Information
to which Executive had access by virtue of Executive&rsquo;s employment with Employer.</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: justify; text-indent: 1.5in">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Protective
Covenants</U>&rdquo; means the protective covenants contained in Section 6 of this Agreement.</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: justify; text-indent: 1.5in">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Restricted
Period</U>&rdquo; means any time during Executive&rsquo;s employment with Employer, plus twelve (12) months following Executive&rsquo;s
Termination Date.</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: justify; text-indent: 1.5in">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Restricted
Territory</U>&rdquo; means the following counties in the state of Georgia: Ben Hill, Dougherty and Lee and any other county in
which Executive is working on behalf of Employer, and any other county in which Executive is working on behalf of Employer in which,
during the one (1) year preceding the conduct in question (if the conduct occurs while Executive is still employed by Employer)
or the Termination Date (if the conduct occurs after Executive&rsquo;s Termination), as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Subsidiary</U>&rdquo;
means any corporation, limited liability company, partnership or other entity of which a majority of the outstanding voting stock
or voting power is beneficially owned directly or indirectly by the Holding Company.</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: justify; text-indent: 1.5in">(xvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Termination</U>&rdquo;
means the termination of Executive&rsquo;s employment with Employer, for any reason, whether with or without cause, upon the initiative
of either party.</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: justify; text-indent: 1.5in">(xvii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Termination
Date</U>&rdquo; means the date of Executive&rsquo;s Termination.</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: justify; text-indent: 1.5in">(xviii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;<U>Works</U>&rdquo;
means any works of authorship, compilations, documents, data, notes, designs, photographs, artwork, drawings, visual or aural works,
data bases, computer programs, software (source code and object code), systems, programs, software integration techniques, schematics,
flow charts, studies, research, findings, manuals, pamphlets, instructional and training materials and other materials, including,
without limitation, any modifications or improvements thereto or derivatives therefrom, and whether or not subject to copyright
or trade secret protection.</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: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restriction
on Disclosure and Use of Confidential Information</U>. Executive agrees that Executive shall not, directly or indirectly, use any
Confidential Information on Executive&rsquo;s own behalf or on behalf of any Person other than Employer, or reveal, divulge, or
disclose any Confidential Information to any Person not expressly authorized by Employer to receive such Confidential Information.
This obligation shall remain in effect for as long as the information or materials in question retain their status as Confidential
Information. Executive further agrees that Executive shall fully cooperate with Employer in maintaining the Confidential Information
to the extent permitted by law. The parties acknowledge and agree that this Agreement is not intended to, and does not, alter either
Employer&rsquo;s rights or Executive&rsquo;s obligations under any state or federal statutory or common law regarding trade secrets
and unfair trade practices. Anything herein to the contrary notwithstanding, Executive shall not be restricted from: (i) disclosing
information that is required to be disclosed by law, court order or other valid and appropriate legal process; <I>provided, however</I>,
that in the event such disclosure is required by law, Executive shall provide Employer with prompt notice of such requirement so
that Employer may seek an appropriate protective order prior to any such required disclosure by Executive; (ii) reporting possible
violations of federal, state, or local law or regulation to any governmental agency or entity, or from making other disclosures
that are protected under the whistleblower provisions of federal, state, or local law or regulation, and Executive shall not need
the prior authorization of Employer to make any such reports or disclosures and shall not be required to notify Employer that Executive
has made such reports or disclosures; (iii) disclosing a trade secret (as defined by 18 U.S.C. &sect; 1839) in confidence to a
federal, state, or local government official, either directly or indirectly, or to an attorney, in either event solely for the
purpose of reporting or investigating a suspected violation of law; or (iv) disclosing a trade secret (as defined by 18 U.S.C.
&sect; 1839) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition</U>.
Executive agrees that, during the Restricted Period, Executive will not, without prior written consent of Employer, directly or
indirectly (i) carry on or engage in Competitive Services within the Restricted Territory on Executive&rsquo;s own or on behalf
of any Person or any Principal or Representative of any Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Solicitation
of Protected Customers</U>. Executive agrees that, during the Restricted Period, Executive shall not, without the prior written
consent of Employer, directly or indirectly, on Executive&rsquo;s own behalf or as a Principal or Representative of any Person,
solicit, divert, take away, or attempt to solicit, divert, or take away a Protected Customer for the purpose of engaging in, providing,
or selling Competitive Services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --> -</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Executive Initials: <U>/s/ THF </U></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: right">&#9;Employer Initials: <U>/s/ TY </U></P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Recruitment
of Employees and Independent Contractors</U>. Executive agrees that during the Restricted Period, Executive shall not, directly
or indirectly, whether on Executive&rsquo;s own behalf or as a Principal or Representative of any Person, recruit, solicit, or
induce or attempt to recruit, solicit or induce any employee or independent contractor of Employer to terminate Executive&rsquo;s/Executive&rsquo;s
employment or other relationship with Employer or to enter into employment or any other kind of business relationship with Executive
or any other Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Proprietary
Rights</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Ownership
of Protected Works</U>. Executive acknowledges and agrees that any and all Confidential Information and Protected Works, and all
Intellectual Property Rights therein, are the sole and exclusive property of Employer, and that no compensation in addition to
Executive&rsquo;s base salary is due to Executive for development, assignment or transfer of Protected Works. Executive acknowledges
and agrees that all Works related to or useful in the business of Employer, whether created within or without Employer&rsquo;s
facilities and before, during or after normal business hours, are specifically intended to be &ldquo;works made for hire&rdquo;
by Executive created within the scope of employment with Employer, and Protected Works. Executive hereby waives any and all moral
rights Executive may have to the Works in the United States and all other countries, including, without limitation, any rights
Executive may have under 17 U.S.C. &sect; 106A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclosure
of Protected Works</U>. Executive will promptly and fully disclose in writing to Employer the existence of any Protected Works
and maintain adequate written records of all Protected Works, which records remains the exclusive property of Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignment
of Protected Works</U>. Executive hereby assigns and transfers, and agrees to assign and transfer, all of Executive&rsquo;s rights,
title and interest, as and when those rights arise, in any and all Protected Works, including all Intellectual Property Rights
therein, to Employer. If and to the extent it is impossible as a matter of law to assign rights, including, without limitation,
Intellectual Property Rights in any portion of the Protected Works to Employer, Executive hereby grants to Employer an exclusive,
irrevocable, perpetual, transferable, fully paid-up, royalty-free, worldwide and unlimited right and license (with right to sublicense)
to make (including the right to practice methods, processes and procedures), have made, sell, import, export, distribute, use and
exploit in any possible ways (including, but not limited to, modify, copy, amend, translate, display, further develop, prepare
derivative works of, distribute and sublicense) all Intellectual Property Rights pertaining to the Protected Works, and any portion
of it. Executive shall not be entitled to use Protected Works for Executive&rsquo;s own benefit or the benefit of anyone, except
Employer, without written permission from Employer and then only subject to the terms of such permission. Executive agrees that
Executive will not oppose or object in any way to applications for registration of Protected Works by Employer or others designated
by Employer. Executive agrees to exercise reasonable care to avoid making Protected Works available to any third party and shall
be liable to Employer for all damages and expenses, including reasonable attorneys&rsquo; fees, if Protected Works are made available
to third parties by Executive&rsquo;s, without the express written consent of Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 10 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Anything herein to
the contrary notwithstanding, Executive will not be obligated to assign to Employer any Invention or Work for which no equipment,
supplies, facilities, or Confidential Information of Employer was used and which was developed entirely on Executive&rsquo;s own
time, unless (i) the Invention or Work relates (A) directly to the business of Employer, or (B) to Employer&rsquo;s actual or demonstrably
anticipated research or development; or (ii) the Invention or Work results from any work performed by Executive for Employer. Executive
likewise will not be obligated to assign to Employer any Invention or Work that is conceived by Executive after Executive leaves
the employ of Employer, except that Executive is so obligated if the same relates to or is based on Confidential Information to
which Executive had access by virtue of Executive&rsquo;s employment with Employer. Similarly, Executive will not be obligated
to assign any Invention or Work to Employer that was conceived and reduced to practice prior to Executive&rsquo;s employment, regardless
of whether such Invention or Work relates to or would be useful in the business of Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Reasonable
Assistance</U>. Executive will, during and after Executive&rsquo;s employment, communicate to Employer any facts known to Executive&rsquo;s
regarding the Protected Works and, at Employer&rsquo;s request, testify in any legal proceedings, sign all lawful papers, make
all rightful oaths, execute and deliver all transfers, assignments, instruments and papers (including, without limitation, applications
for registration, divisionals, continuations, continuations-in-part, foreign counterparts, or reissue applications) and take such
further action as may be considered necessary by Employer to carry into full force and effect the assignment, transfer, and conveyance
made or to be made of title to the Protected Works and all Intellectual Property Rights therein clearly and exclusively to Employer
and to enforce and defend Employer&rsquo;s rights therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Prior
Works and Inventions; No Other Duties</U>. Executive acknowledges and affirms that either (A) there are no Works or Inventions
conceived, developed or produced by Executive, whether or not perfected and reduced to practice, prior to Executive&rsquo;s employment
Employer, or (B) Executive has, on or before signing this Agreement, disclosed all such prior Works and Inventions to Employer
in writing and provided to Employer a detailed written description thereof. Executive acknowledges and agrees that there is no
other contract or duty on Executive&rsquo;s part now in existence to assign Protected Works to anyone other than Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Return
of Materials</U>. Executive agrees that Executive will not retain or destroy (except as set forth below), and will immediately
return to Employer on or prior to the Termination Date, or at any other time Employer requests such return, any and all property
of Employer that is in Executive&rsquo;s possession or subject to Executive&rsquo;s control, including, but not limited to, donor
or customer files and information, papers, drawings, notes, manuals, specifications, designs, devices, code, email, documents,
diskettes, CDs, tapes, keys, access cards, credit cards, identification cards, equipment, computers, mobile devices, other electronic
media, all other files and documents relating to Employer and its business (regardless of form, but specifically including all
electronic files and data of Employer), together with all Protected Works and Confidential Information belonging to Employer or
that Executive received from or through Executive&rsquo;s employment with Employer. Executive will not make, distribute, or retain
copies of any such information or property. To the extent that Executive has electronic files or information in Executive&rsquo;s
possession or control that belong to Employer, contain Confidential Information, or constitute Protected Works (specifically including
but not limited to electronic files or information stored on personal computers, mobile devices, electronic media, or in cloud
storage), on or prior to the Termination Date, or at any other time Employer requests, Executive shall (i) provide Employer with
an electronic copy of all of such files or information (in an electronic format that readily accessible by Employer); (ii) after
doing so, delete all such files and information, including all copies and derivatives thereof, from all non-Employer-owned computers,
mobile devices, electronic media, cloud storage, and other media, devices, and equipment, such that such files and information
are permanently deleted and irretrievable; and (iii) if requested by Employer, provide a written certification to Employer that
the required deletions have been completed and specifying the files and information deleted and the media source from which they
were deleted.</P>

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

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --> -</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Executive Initials: <U>/s/ THF </U></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: right">&#9;Employer Initials: <U>/s/ TY </U></P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify"><U>Enforcement of Protective Covenants</U>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rights
and Remedies Upon Breach</U>. The Parties specifically acknowledge and agree that the remedy at law for any breach of the Protective
Covenants will be inadequate, and that in the event Executive breaches, or threatens to breach, any of the Protective Covenants,
Employer shall have the right and remedy, without the necessity of proving actual damage or posting any bond, to enjoin, preliminarily
and permanently, Executive from violating or threatening to violate the Protective Covenants and to have the Protective Covenants
specifically enforced by any court of competent jurisdiction, it being agreed that any breach or threatened breach of the Protective
Covenants would cause irreparable injury to Employer and that money damages would not provide an adequate remedy to Employer. Executive
understands and agrees that if Executive violates any of the obligations set forth in the Protective Covenants, the period of restriction
applicable to each obligation violated shall cease to run during the pendency of any litigation over such violation, provided that
such litigation was initiated during the period of restriction. Such rights and remedies shall be in addition to, and not in lieu
of, any other rights and remedies available to Employer at law or in equity Employer&rsquo;s ability to enforce its rights under
the Protective Covenants or applicable law against Executive shall not be impaired in any way by the existence of a claim or cause
of action on the part of Executive based on, or arising out of, this Agreement or any other event or transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability
and Modification of Covenants</U>. Executive acknowledges and agrees that each of the Protective Covenants is reasonable and valid
in time and scope and in all other respects. The Parties agree that it is their intention that the Protective Covenants be enforced
in accordance with their terms to the maximum extent permitted by law. Each of the Protective Covenants shall be considered and
construed as a separate and independent covenant. Should any part or provision of any of the Protective Covenants be held invalid,
void, or unenforceable, such invalidity, voidness, or unenforceability shall not render invalid, void, or unenforceable any other
part or provision of this Agreement or such Protective Covenant. If any of the provisions of the Protective Covenants should ever
be held by a court of competent jurisdiction to exceed the scope permitted by the applicable law, such provision or provisions
shall be automatically modified to such lesser scope as such court may deem just and proper for the reasonable protection of Employer&rsquo;s
legitimate business interests and may be enforced by Employer to that extent in the manner described above and all other provisions
of this Agreement shall be valid and enforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Existing
Covenants</U>. Executive represents and warrants that Executive&rsquo;s employment with Employer does not and will not breach any
agreement that Executive has with any former employer to keep in confidence proprietary or confidential information or not to compete
with any such former employer. Executive will not disclose to Employer or use on its behalf any proprietary or confidential information
of any other party required to be kept confidential by Executive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclosure
of Agreement</U>. Executive acknowledges and agrees that, during the Restricted Period, Executive will disclose the existence and
terms of this Agreement to any prospective employer, business partner, investor or lender prior to entering into an employment,
partnership or other business relationship with such prospective employer, business partner, investor or lender. Executive further
agrees that Employer shall have the right to make any such prospective employer, business partner, investor or lender of Executive
aware of the existence and terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --> -</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Executive Initials: <U>/s/ THF </U></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: right">&#9;Employer Initials: <U>/s/ TY </U></P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Applicable
Law; Forum Selection; Consent to Jurisdiction</U>. The Parties agree that this Agreement shall be governed by and construed and
interpreted in accordance with the laws of the State of Georgia without giving effect to its conflicts of law principles. The Parties
that the exclusive forum for any action to enforce this Agreement, as well as any action relating to or arising out of this Agreement,
shall be the state or federal courts of the State of Georgia. With respect to any such court action, Executive hereby (a) irrevocably
submits to the personal jurisdiction of such courts;; (b) consents to venue; and (c) waives any other requirement (whether imposed
by statute, rule of court, or otherwise) with respect to personal jurisdiction or venue. The Parties hereto further agree that
the state and federal courts of the State of Georgia are convenient forums for any dispute that may arise herefrom and that neither
party shall raise as a defense that such courts are not convenient forums.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>.
The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement.&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver</U>.
Failure of either Party to insist, in one or more instances, on performance by the other in strict accordance with the terms and
conditions of this Agreement shall not be deemed a waiver or relinquishment of any right granted in this Agreement or of the future
performance of any such term or condition or of any other term or condition of this Agreement, unless such waiver is contained
in a writing signed by the Party making the waiver.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire
Agreement; Amendment</U>. This Agreement contains the entire agreement between Employer and Executive with respect to the subject
matter hereof and, from and after the date hereof, this Agreement shall supersede any other agreement, written or oral, between
the parties relating to the subject matter of this Agreement. This Agreement may not be amended or modified otherwise than by a
written agreement executed by the parties hereto or their respective successors and legal representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignment</U>.
This Agreement can be assigned by Employer and shall be binding and inure to the benefit of Employer, its successors and assigns.
No right, obligation or duty of this Agreement may be assigned by Executive without the prior written consent of Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.
Any notice required or desired to be delivered under this Agreement shall be in writing and shall be delivered personally, by courier
service, by registered mail, return receipt requested, or by telecopy and shall be effective upon actual receipt by the party to
which such notice shall be directed, and shall be addressed as follows (or to such other address as the party entitled to notice
shall hereafter designate in accordance with the terms hereof):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify; text-indent: -1.5in">If to Employer:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">115 S. Grant Street</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">Fitzgerald, GA 31750</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 0pt 2in; text-align: justify; text-indent: -1.5in">If to Executive: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tracie Youngblood</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.75in 0pt 1.5in; text-indent: 0.5in">Current address on file with
Employer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3in 0pt 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction</U>.
The Parties understand and agree that because they both have been given the opportunity to have counsel review and revise this
Agreement, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall
not be employed in the interpretation of this Agreement. Instead, the language of all parts of this Agreement shall be construed
as a whole, and according to its fair meaning, and not strictly for or against either of the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --> -</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Executive Initials: <U>/s/ THF </U></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: right">&#9;Employer Initials: <U>/s/ TY </U></P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.
This Agreement may be executed in two or more counterparts, and it shall not be necessary that the signatures of the Parties hereto
be contained on any one counterpart hereof. Each counterpart shall be deemed an original but all counterparts together shall constitute
one and the same instrument. Any signature page of any such counterpart, or any electronic facsimile thereof, may be attached or
appended to any other counterpart to complete a fully executed counterpart of this Agreement, and any telecopy or other electronic
transmission of any signature shall be deemed an original and shall bind such Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Third Party
Beneficiaries</U>. The parties acknowledge and agree that any direct and indirect parent companies or subsidiaries of Employer
are intended to be beneficiaries of this Agreement and shall have every right to enforce the terms and provisions of this Agreement
in accordance with the provisions of this Agreement.<B>&#9;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Acknowledgements</U>.
Executive acknowledges and agrees that Executive has read and reviewed this Agreement in its entirety, and that Executive has been
given the opportunity to ask Employer questions about this Agreement. Executive further acknowledges and agrees that Executive
has been given an opportunity to consult with an attorney of Executive&rsquo;s choice regarding this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code
Section 280G</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything in this Agreement to the contrary, in the event it shall be determined that any benefit, payment or distribution by Employer
to or for the benefit of Executive (whether payable or distributable pursuant to the terms of this Agreement or otherwise) (such
benefits, payments or distributions are hereinafter referred to as &ldquo;<U>Payments</U>&rdquo;) would, if paid, be subject to
the excise tax (the &ldquo;<U>Excise Tax</U>&rdquo;) imposed by Section 4999 of the Code, then the aggregate present value of the
Payments shall be reduced (but not below zero) to an amount expressed in present value that maximizes the aggregate present value
of the Payments without causing the Payments or any part thereof to be subject to the Excise Tax and therefore nondeductible by
Employer because of Section 280G of the Code (the &ldquo;<U>Reduced Amount</U>&rdquo;). The reduction of the Payments due hereunder,
if applicable, shall be made by first reducing cash Payments and then, to the extent necessary, reducing those Payments having
the next highest ratio of Parachute Value to actual present value of such Payments as of the date of the change of control, as
determined by the Determination Firm (as defined in Section 10(b) below). For purposes of this Section 10, present value shall
be determined in accordance with Section 280G(d)(4) of the Code. For purposes of this Section 10, the &ldquo;<U>Parachute Value</U>&rdquo;
of a Payment means the present value as of the date of the change of control of the portion of such Payment that constitutes a
&ldquo;parachute payment&rdquo; under Section 280G(b)(2) of the Code, as determined by the Determination Firm for purposes of determining
whether and to what extent the Excise Tax will apply to such Payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
determinations required to be made under this Section 10, including whether an Excise Tax would otherwise be imposed, whether the
Payments shall be reduced, the amount of the Reduced Amount, and the assumptions to be utilized in arriving at such determinations,
shall be made by an accounting firm or compensation consulting firm mutually acceptable to Employer and Executive (the &ldquo;<U>Determination
Firm</U>&rdquo;) which shall provide detailed supporting calculations both to Employer and Executive within 15 business days of
the receipt of notice from Executive that a Payment is due to be made, or such earlier time as is requested by Employer. All fees
and expenses of the Determination Firm shall be borne solely by Employer. Any determination by the Determination Firm shall be
binding upon Employer and Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time
of the initial determination by the Determination Firm hereunder, it is possible that Payments hereunder will have been unnecessarily
limited by this Section 10 (&ldquo;<U>Underpayment</U>&rdquo;), consistent with the calculations required to be made hereunder.
The Determination Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly
paid by Employer to or for the benefit of Executive together with interest at the applicable Federal rate provided for in Section
7872(f)(2) of the Code, but no later than March 15 of the year after the year in which the Underpayment is determined to exist,
which is when the legally binding right to such Underpayment arises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --> -</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Executive Initials: <U>/s/ THF </U></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: right">&#9;Employer Initials: <U>/s/ TY </U></P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Code
Section 409A</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General</U>.
This Agreement shall be interpreted and administered in a manner so that any amount or benefit payable hereunder shall be paid
or provided in a manner that is either exempt from or compliant with the requirements Section 409A of the Code and applicable Internal
Revenue Service guidance and Treasury Regulations issued thereunder (and any applicable transition relief under Section 409A of
the Code). Nevertheless, the tax treatment of the benefits provided under the Agreement is not warranted or guaranteed. Neither
Employer nor its directors, officers, employees or advisers shall be held liable for any taxes, interest, penalties or other monetary
amounts owed by Executive as a result of the application of Section 409A of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitional
Restrictions</U>. Notwithstanding anything in this Agreement to the contrary, to the extent that any amount or benefit that would
constitute non-exempt &ldquo;deferred compensation&rdquo; for purposes of Section 409A of the Code (&ldquo;<U>Non-Exempt Deferred
Compensation</U>&rdquo;) would otherwise be payable or distributable hereunder, or a different form of payment of such Non-Exempt
Deferred Compensation would be effected, by reason of a Change in Control or Executive&rsquo;s termination of employment, such
Non-Exempt Deferred Compensation will not be payable or distributable to Executive, and/or such different form of payment will
not be effected, by reason of such circumstance unless the circumstances giving rise to such Change in Control or termination of
employment, as the case may be, meet any description or definition of &ldquo;change in control event&rdquo; or &ldquo;separation
from service&rdquo;, as the case may be, in Section 409A of the Code and applicable regulations (without giving effect to any elective
provisions that may be available under such definition). If this provision prevents the payment or distribution of any Non-Exempt
Deferred Compensation, or the application of a different form of payment, such payment or distribution shall be made at the time
and in the form that would have applied absent the non-409A-conforming event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Treatment
of Installment Payments</U>. Each payment of termination benefits under Section 5(b) of this Agreement shall be considered a separate
payment, as described in Treas. Reg. Section 1.409A-2(b)(2), for purposes of Section 409A of the Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Timing
of Release of Claims</U>. Whenever in this Agreement a payment or benefit is conditioned on Executive&rsquo;s execution and non-revocation
of a release of claims, such release must be executed and all revocation periods shall have expired within 60 days after Executive&rsquo;s
date of termination; failing which such payment or benefit shall be forfeited. If such payment or benefit constitutes Non-Exempt
Deferred Compensation, then such payment or benefit shall be made (or in the case of installment payments, installments that would
have otherwise been payable during such 60-day period shall be accumulated and paid) on the 60th day after Executive&rsquo;s date
of termination provided such release shall have been executed and such revocation periods shall have expired. If such payment or
benefit is exempt from Section 409A of the Code, Employer may elect to make or commence payment at any time during such 60-day
period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Six-Month
Delay in Certain Circumstances</U>. Notwithstanding anything in this Agreement to the contrary, if any amount or benefit that would
constitute Non-Exempt Deferred Compensation would otherwise be payable or distributable under this Agreement by reason of Executive&rsquo;s
separation from service during a period in which Executive is a Specified Employee (as defined below), then, subject to any permissible
acceleration of payment by Employer under Treas. Reg. Section 1.409A-3(j)(4)(ii) (domestic relations order), (j)(4)(iii) (conflicts
of interest), or (j)(4)(vi) (payment of employment taxes): (i) the amount of such Non-Exempt Deferred Compensation that would otherwise
be payable during the six-month period immediately following Executive&rsquo;s separation from service will be accumulated through
and paid or provided on the first day of the seventh month following Executive&rsquo;s separation from service (or, if Executive
dies during such period, within 30 days after Executive&rsquo;s death) (in either case, the &ldquo;<U>Required Delay Period</U>&rdquo;);
and (ii) the normal payment or distribution schedule for any remaining payments or distributions will resume at the end of the
Required Delay Period. For purposes of this Agreement, the term &ldquo;Specified Employee&rdquo; has the meaning given such term
in Code Section 409A and the final regulations thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --> -</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Executive Initials: <U>/s/ THF </U></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: right">&#9;Employer Initials: <U>/s/ TY </U></P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Regulatory
Action</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is removed and/or permanently prohibited from participating in the conduct of Employer&rsquo;s affairs by an order issued
under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act (&ldquo;<U>FDIA</U>&rdquo;) (12 U.S.C. 1818(e)(4) and (g)(1)),
all obligations of Employer under this Agreement shall terminate, as of the effective date of such order.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Executive is suspended and/or temporarily prohibited from participating in the conduct of Employer&rsquo;s affairs by a notice
served under Section 8(e)(3) or 8(g)(1) of the FDIA (12 U.S.C. 1818(e)(3) and (g)(1)), all obligations of Employer under this Agreement
shall be suspended as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed,
the Employer shall reinstate (in whole or in part) any of its obligations which were suspended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Employer is in default (as defined in Section 3(x)(1) of the FDIA), all obligations under this Agreement shall terminate as of
the date of default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations under this Agreement shall be terminated, except to the extent a determination is made that continuation of the Agreement
is necessary for the continued operation of the Employer (1) by the director of the FDIC or Executive&rsquo;s or Executive&rsquo;s
designee (the &ldquo;<U>Director</U>&rdquo;), at the time the FDIC enters into an agreement to provide assistance to or on behalf
of Employer under the authority contained in 13(c) of the FDIA; or (2) by the Director, at the time the Director approves a supervisory
merger to resolve problems related to operation of Employer when Employer is determined by the Director to be in an unsafe and
unsound condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
anything contained in this Agreement to the contrary, no payments shall be made pursuant to any provision herein in contravention
of the requirements of Section 2[18(k)] of the FDIA (12 U.S.C. 1828(k)). In particular, the provisions pertaining to the potential
for payments shall have no force or effect as long as either the agreement concerning the potential for payments or the actual
payment of such amounts would be considered a &ldquo;golden parachute payment,&rdquo; with the meaning of 12 C.F.R. Section 359.1(f).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Signatures on following page]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">-&nbsp;<!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --> -</P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Executive Initials: <U>/s/ THF </U></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: right">&#9;Employer Initials: <U>/s/ TY </U></P><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
the Parties hereto have duly executed and delivered this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="text-transform: uppercase">Colony
BANK</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: <U>/s/ T. Heath Foundatin&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:&nbsp;&nbsp;T. Heath Fountain&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:&nbsp;&nbsp;&nbsp;&nbsp;President
and Chief Executive Officer</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June
24, 2019</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXECUTIVE</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Tracie Youngblood&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tracie Youngblood</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.1in 0pt 0; text-indent: 0.55in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;June 24, 2019</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">- 17 -</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&#9;Employer Initials: <U>/s/ TY </U></P>



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