0000950144-09-002214 Sample Contracts

SUPPLEMENTAL EXECUTIVE RETIREMENT BENEFITS AGREEMENT
Supplemental Executive Retirement Benefits Agreement • March 16th, 2009 • Southeastern Bank Financial CORP • State commercial banks • Georgia

This Supplemental Executive Retirement Benefits Agreement (this “Agreement”) is entered into this 31st day of December, 2008, effective as of January 1, 2009, by and between GEORGIA BANK & TRUST COMPANY OF AUGUSTA, a Georgia banking corporation located in Augusta, Georgia (“Bank”), and DARRELL R. RAINS, an individual (“Executive”).

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SECOND AMENDMENT TO THE KEY OFFICER COMPENSATION AGREEMENT
Key Officer Compensation Agreement • March 16th, 2009 • Southeastern Bank Financial CORP • State commercial banks

This AMENDMENT to the Key Officer Compensation Agreement by and between Georgia Bank & Trust Company of Augusta, a bank organized and existing under the laws of the State of Georgia (the “Bank”), and Ronald L. Thigpen, an executive of the Bank (the “Executive”), is entered into by the parties thereto on this 31st day of December, 2008.

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • March 16th, 2009 • Southeastern Bank Financial CORP • State commercial banks

THIS FIRST AMENDMENT is made on this 31st day of December, 2008, by and between Georgia Bank & Trust Company of Augusta (the “Bank” or the “Employer”), a state bank organized under the laws of the State of Georgia, and Darrell R. Rains, a resident of the State of South Carolina (the “Executive”) (hereinafter from time to time collectively referred to as the “Parties”).

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