EBANK FINANCIAL SERVICES INC
EX-10.1 AMENDMENT TO JAMES L. BOX NON-QUALIFIED STOCK OPTION AGREEMENT
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<TYPE>EX-10.1
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<FILENAME>g97174exv10w1.htm
<DESCRIPTION>EX-10.1 AMENDMENT TO JAMES L. BOX NON-QUALIFIED STOCK OPTION AGREEMENT
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<TITLE>EX-10.1 AMENDMENT TO STOCK OPTION AGREEMENT</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.1</B>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>AMENDMENT TO EBANK FINANCIAL SERVICES, INC. </B></U><BR>
<U><B>STOCK OPTION AGREEMENT WITH JAMES L. BOX</B></U>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment to the Stock Option Agreement (as defined herein), effective as of August&nbsp;29,
2005, is made by and between <B>James L. Box </B>and ebank Financial Services, Inc. (the &#147;<B>Company</B>&#148;).
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, the Compensation Committee of the Company approved an amendment to that certain ebank
Financial Services, Inc. Stock Option Agreement dated August&nbsp;9, 2004 by and between James L. Box
and the Company (the &#147;<B>Stock Option Agreement</B>&#148;);
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, this Amendment sets forth the terms and conditions of the amendment as approved by
the Compensation Committee of the Company;
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOW, THEREFORE</B>, for and in consideration of the premises, the mutual covenants contained
herein and other good and valuable consideration, the receipt, legal sufficiency and adequacy of
which are hereby acknowledged, the parties, each intending to be legally bound hereby, agree to
amend the Stock Option Agreement as follows:
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.&nbsp;</B>Section&nbsp;8 of the Stock Option Agreement is amended by deleting such section in its entirety
and inserting in lieu thereof the following:
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">8. Termination of Employment. In the event of the termination of the Optionee&#146;s
employment with the Company or any of its Subsidiaries for any reason other than for
&#147;Cause&#148; (as such term is defined below), the Optionee, his or her personal
representative, or persons to whom all or a portion of this Option is transferred in
accordance with Section&nbsp;5 hereof, may exercise this Option at any time within a period
ending on August&nbsp;9, 2014, the expiration date of this Option.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">In the event of the termination of the Optionee&#146;s employment with the Company or any
of its Subsidiaries for Cause, this Option and all of the Options granted hereunder
shall terminate immediately and shall not thereafter be exercisable.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">For the purpose of this Stock Option Agreement, the term &#147;Cause&#148; shall have the same
meaning as such term is defined in that certain Employment Agreement by and between
James L. Box and ebank, originally dated May&nbsp;17, 2002, as amended.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.&nbsp;</B>Except to the extent this Amendment modifies the Stock Option Agreement, all of the
provisions of the Stock Option Agreement shall remain active and in full effect.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IN WITNESS WHEREOF</B>, the parties have caused their respective signatures to be affixed to this
Amendment, effective as of the date first above written.
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    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">ebank Financial Services, Inc.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Wayne W. Byers
&nbsp;</TD>
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    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Wayne W. Byers&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">CFO&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD colspan="5">&nbsp;</TD>
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    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Optionee<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ James L. Box
&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD colspan="3" align="left">James L. Box&nbsp;</TD>
    <TD>&nbsp;</TD>
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