Compensation Arrangements with Remer Y. Brinson, III

EXHIBIT 10.7

Compensation Arrangements with Xxxxx X. Xxxxxxx, XXX

     Neither Georgia-Carolina Bancshares, Inc. (“Company”), nor First Bank of Georgia (“Bank”), has a written employment agreement with Xxxxx X. Xxxxxxx, XXX, President and Chief Executive Officer of First Bank of Georgia. Xx. Xxxxxxx’x current (2008) annual salary is $240,000 and Xx. Xxxxxxx is eligible for an annual incentive award under the Bank’s Annual Incentive Plan, pursuant to which he received $54,000 for his performance in 2007. See Exhibit 10.8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2006 for a description of the Annual Incentive Plan. Xx. Xxxxxxx is eligible for stock option grants under the Company’s option plans as determined from time to time by the Board of Directors of the Company. In addition, Xx. Xxxxxxx participates in the Bank’s medical, dental, life and disability insurance plans and he may participate in the Company’s 401(k) plan. Xx. Xxxxxxx also receives the following perquisites: payment of private and civic club membership dues, provision of an automobile and an automobile allowance. The aggregate value of these perquisites in 2007 was less than $10,000.

     Xx. Xxxxxxx has entered into a Severance Protection Agreement with the Bank, which entitles him to certain payments following a change in control of the Company. The Severance Protection Agreement was filed with the Company’s Annual Report on Form 10-K for the year ended December 31, 2006 as Exhibit 10.6.