NOTE MODIFICATION AGREEMENT


     THIS FIRST NOTE MODIFICATION  AGREEMENT  (HEREINAFTER  "AGREEMENT") IS MADE
AND ENTERED INTO THIS 15TH DAY OF NOVEMBER, 2006, BY AND BETWEEN COMMUNITY FIRST
BANCORP, INC., A MARYLAND CORPORATION (HEREINAFTER "BORROWER"),  AND THE BANKERS
BANK, A GEORGIA BANKING CORPORATION (HEREINAFTER "LENDER").

                                   WITNESSETH:

     WHEREAS,  BORROWER DID EXECUTE AND DELIVER TO THE LENDER A PROMISSORY  NOTE
(HEREINAFTER  "NOTE"),  DATED MAY 17, 2006, IN THE ORIGINAL  PRINCIPAL AMOUNT OF
SEVEN  HUNDRED   FIFTY   THOUSAND  AND  FIFTY   THOUSAND  AND  NO/100   DOLLARS,
($750,000.00), WITH A MATURITY DATE OF NOVEMBER 15, 2006; AND

     WHEREAS,  BORROWER  ACKNOWLEDGES THAT BORROWER IS FULLY OBLIGATED UNDER THE
NOTE PURSUANT TO ITS TERMS; AND

     WHEREAS,  THE NOTE,  TOGETHER  WITH ANY OTHER  DOCUMENTS  WHICH  EVIDENCES,
SECURES  OR  RELATES  TO THE  INDEBTEDNESS  EVIDENCED  BY THE NOTE  (HEREINAFTER
REFERRED TO AS "LOAN DOCUMENTS"); AND

     NOW THEREFORE,  IN CONSIDERATION  OF THE FOREGOING  PREMISES AND OTHER GOOD
AND  VALUABLE  CONSIDERATION,  THE RECEIPT AND  SUFFICIENCY  OF WHICH ARE HEREBY
ACKNOWLEDGED, THE BORROWER AND LENDER DO HEREBY AGREE AS FOLLOWS:

                                      NOTE

     THE NOTE IS HEREBY MODIFIED AND AMENDED AS FOLLOWS:

1.   THE MATURITY  DATE WILL BE CHANGED  FROM  NOVEMBER 15, 2006 TO FEBRUARY 15,
     2007.

     The Note and other  Loan  Documents  are  hereby  modified  and  amended to
reflect the  extension of the Maturity  Date.  All other terms,  conditions  and
warranties  contained  within  the Note and other  Loan  Documents  executed  in
connection  therewith shall remain in full force and effect in exact  accordance
with the terms thereof, except where modified.

     The parties acknowledge and agree that this shall not constitute a novation
of  the  obligations  and  liabilities  of  any of  the  documents  executed  in
connection  therewith or a release of any collateral or security  therefore or a
waiver of any rights or remedies  of the Lender  thereunder,  such rights  being
specifically  reserved by the Lender.  Borrower  hereby  ratifies,  confirms and
acknowledges each warranty and obligation of the Borrower  contained in the Note
and other Loan Documents,  and in consideration of the extension of the maturity
date by the Lender, Borrower both for himself and his heirs, representatives and
assigns,  waives any defenses that he may have, whether known or


unknown,  to the  enforcement  by the Lender of all  obligations of the Borrower
contained in all the documents now in force or executed simultaneously herewith.

     This Agreement  shall be construed,  governed by and enforced in accordance
with the laws of the State of Georgia.

     This  Agreement  has been  made  and  entered  into the day and year  first
written above.

Signed, Sealed and delivered               BORROWER:
                                           COMMUNITY FIRST BANCORP, INC.
In our presence this 15th
Day of November 2006.
                                           /s/ Bill Tandy
                                           -------------------------------------
                                           BY:  BILL TANDY, PRESIDENT


/s/illegible
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Notary          Commission Expires March 17, 2010

Witness:


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                                           LENDER:
                                           THE BANKERS BANK


                                           /s/ Jim Ramage
                                           -------------------------------------
                                           BY:  JIM RAMAGE, FIRST VICE PRESIDENT