Board of Directors of the Bank Uses in Annual Incentive Compensation Clause

Annual Incentive Compensation from Employment Agreement

THIS AGREEMENT is made as of the 29th day of June, 2016 (the Effective Date), by and among Community First Bank & Trust, a bank organized under the laws of the State of Tennessee (the Bank), Community First, Inc., a Tennessee corporation (the Company and together with the Bank, the Employer) and Louis E. Holloway (the Executive).

Annual Incentive Compensation. Unless otherwise prohibited by banking regulation, rule or directive, the Executive shall be eligible to receive annual bonus compensation payable in cash or shares of the Companys common stock, if any, as may be determined by, and based on performance measures established by, the Board of Directors of the Bank or the Company or the Compensation Committee of the Board of Directors of the Bank or the Company (the Committee) consistent with the Employers strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors of the Bank or the Company, based on recommendations by the Committee (an Annual Bonus). Any Annual Bonus earned shall be payable in cash or shares of the Companys common stock, as determined by the Committee or the Board of Directors of the Company or the Bank, in the year following the year in which the bonus is earned in accordance with the Employers normal practices for the payment of short-term incentives. The Employer shall use its best efforts to pay the Annual Bonus by June 30th of the year following the year in which the Annual Bonus was earned. To be entitled to any payment of incentive compensation from the Employer, unless otherwise determined by the Committee or the Board of Directors of the Company or the Bank, the Executive must be employed by the Employer on the last day of the applicable performance period and must continue to be employed on the date that such payment would be payable.

Annual Incentive Compensation from Employment Agreement

THIS AGREEMENT is made as of the 29th day of June, 2016 (the Effective Date), by and among Community First Bank & Trust, a bank organized under the laws of the State of Tennessee (the Bank), Community First, Inc., a Tennessee corporation (the Company and together with the Bank, the Employer) and J. Elaine Chaffin (the Executive).

Annual Incentive Compensation. Unless otherwise prohibited by banking regulation, rule or directive, the Executive shall be eligible to receive annual bonus compensation payable in cash or shares of the Companys common stock, if any, as may be determined by, and based on performance measures established by, the Board of Directors of the Bank or the Company or the Compensation Committee of the Board of Directors of the Bank or the Company (the Committee) consistent with the Employers strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors of the Bank or the Company, based on recommendations by the Committee (an Annual Bonus). Any Annual Bonus earned shall be payable in cash or shares of the Companys common stock, as determined by the Committee or the Board of Directors of the Company or the Bank, in the year following the year in which the bonus is earned in accordance with the Employers normal practices for the payment of short-term incentives. The Employer shall use its best efforts to pay the Annual Bonus by June 30th of the year following the year in which the Annual Bonus was earned. To be entitled to any payment of incentive compensation from the Employer, unless otherwise determined by the Committee or the Board of Directors of the Company or the Bank, the Executive must be employed by the Employer on the last day of the applicable performance period and must continue to be employed on the date that such payment would be payable.

Annual Incentive Compensation from Employment Agreement

THIS AGREEMENT is made as of the 29th day of June, 2016 (the Effective Date), by and among Community First Bank & Trust, a bank organized under the laws of the State of Tennessee (the Bank), Community First, Inc., a Tennessee corporation (the Company and together with the Bank, the Employer) and Jon Thompson (the Executive).

Annual Incentive Compensation. Unless otherwise prohibited by banking regulation, rule or directive, the Executive shall be eligible to receive annual bonus compensation payable in cash or shares of the Companys common stock, if any, as may be determined by, and based on performance measures established by, the Board of Directors of the Bank or the Company or the Compensation Committee of the Board of Directors of the Bank or the Company (the Committee) consistent with the Employers strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors of the Bank or the Company, based on recommendations by the Committee (an Annual Bonus). Any Annual Bonus earned shall be payable in cash or shares of the Companys common stock, as determined by the Committee or the Board of Directors of the Company or the Bank, in the year following the year in which the bonus is earned in accordance with the Employers normal practices for the payment of short-term incentives. The Employer shall use its best efforts to pay the Annual Bonus by June 30th of the year following the year in which the Annual Bonus was earned. To be entitled to any payment of incentive compensation from the Employer, unless otherwise determined by the Committee or the Board of Directors of the Company or the Bank, the Executive must be employed by the Employer on the last day of the applicable performance period and must continue to be employed on the date that such payment would be payable.

Annual Incentive Compensation from Employment Agreement

THIS AGREEMENT is made as of the 29th day of June, 2016 (the Effective Date), by and among Community First Bank & Trust, a bank organized under the laws of the State of Tennessee (the Bank), Community First, Inc., a Tennessee corporation (the Company and together with the Bank, the Employer) and James A. Bratton (the Executive).

Annual Incentive Compensation. Unless otherwise prohibited by banking regulation, rule or directive, the Executive shall be eligible to receive annual bonus compensation payable in cash or shares of the Companys common stock, if any, as may be determined by, and based on performance measures established by, the Board of Directors of the Bank or the Company or the Compensation Committee of the Board of Directors of the Bank or the Company (the Committee) consistent with the Employers strategic planning process, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors of the Bank or the Company, based on recommendations by the Committee (an Annual Bonus). Any Annual Bonus earned shall be payable in cash or shares of the Companys common stock, as determined by the Committee or the Board of Directors of the Company or the Bank, in the year following the year in which the bonus is earned in accordance with the Employers normal practices for the payment of short-term incentives. The Employer shall use its best efforts to pay the Annual Bonus by June 30th of the year following the year in which the Annual Bonus was earned. To be entitled to any payment of incentive compensation from the Employer, unless otherwise determined by the Committee or the Board of Directors of the Company or the Bank, the Executive must be employed by the Employer on the last day of the applicable performance period and must continue to be employed on the date that such payment would be payable.