NONQUALIFIED STOCK OPTION AGREEMENT BETWEEN
FRONTIER NATIONAL CORPORATION AND
HARRY I. BROWN, JR.
SIGNED ON DECEMBER 20, 1999
EFFECTIVE AUGUST 24, 1998
NON-QUALIFIED STOCK OPTION AGREEMENT
THIS NON-QUALIFIED STOCK OPTION AGREEMENT (this "Agreement") is made as of the 20TH day
of DECEMBER 1999 effective AUGUST 24, 1998 (the "Date of Grant"), by and between Frontier National
Corporation, an Alabama corporation ("Corporation"), and HARRY I. BROWN, JR. ("Participant").
WHEREAS, Corporation has adopted its 1999 Statutory-Nonstatutory Stock Option Plan (the "Plan"); and
WHEREAS, the committee chosen by Corporation to administer the Plan (the "Committee") has determined that
Participant is eligible to receive an option to purchase shares of common stock, $5.00 par value, of Corporation
("Stock") under a non-qualified stock option and has determined that it is in the best interest of Corporation to
grant the stock option documented herein to Participant.
NOW, THEREFORE, in consideration of the foregoing, of the mutual promises hereinafter set forth and of other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto do hereby agree as follows:
XVIII. Grant of Option. Corporation hereby grants to Participant the right to purchase TEN THOUSAND
(10,000) shares of Stock (the "Option Shares") at a price of TEN DOLLARS ($10.00) per Option Share (the
"Option Price"), in accordance with the terms of this Agreement and the Plan (the "Option"). The Committee,
exercising good faith, has determined that the Option Price is equal to at least one hundred percent (100%) of the
fair market value of a share of Stock on the date hereof. The Option is not intended by the parties hereto to be,
and shall not be treated as, an incentive stock option (as such term is defined under section 422 of the Internal
Revenue Code of 1986 (the "Code")).
XIX. Termination of Option.
(i) Termination Date. The Option and all rights here