0000912057-01-543653 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • December 17th, 2001 • Netbank Inc • Savings institutions, not federally chartered • Georgia

THIS AGREEMENT by and between NetBank, Inc., a Georgia corporation (the "Company"), and Douglas K. Freeman (the "Executive"), dated as of November 18, 2001 and effective as of the Effective Time (as defined in the Merger Agreement (the "Merger Agreement"), dated as of November 18, 2001, by and between the Company and Resource Bancshares Mortgage Group, Inc., a Delaware corporation ("RBMG").

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 17th, 2001 • Netbank Inc • Savings institutions, not federally chartered • Georgia

THIS FIRST AMENDMENT is made on December 17, 2001 (the "Effective Date"), by and among NETBANK, INC. (the "Company"), the parent bank holding company of NETBANK, a federal savings bank (the "Bank") (collectively, the "Employer"), and D.R. GRIMES (the "Executive").

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 17th, 2001 • Netbank Inc • Savings institutions, not federally chartered

THIS FIRST AMENDMENT is made on December 17, 2001 (the "Effective Date"), by and among NETBANK, INC. (the "Company"), the parent bank holding company of NETBANK, a federal savings bank (the "Bank") (collectively, the "Employer"), and ROBERT E. BOWERS (the "Executive").

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • December 17th, 2001 • Netbank Inc • Savings institutions, not federally chartered

THIS FIRST AMENDMENT is made on December 17, 2001, by and between NETBANK, a federal savings bank (the "Employer"), and MICHAEL R. FITZGERALD (the "Executive").

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