Common use of OWNERS AUTHORITY Clause in Contracts

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee’s rights shall be subject to this Endorsement. The owner accepts and agrees to this Split Dollar Endorsement. Signed at Greenwood, South Carolina, this 17th day of October, 2002. CAPITALBANK By: /s/ W. G Sxxxxxx Its President and Chief Executive Officer The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following beneficiaries of the portion of the proceeds described in (2) above: Primary beneficiary: Cxxxxxxxx X. Xxxxxx, wife Relationship to Insured: Wife Secondary Beneficiary: Children equally Relationship to Insured: Children Signed at Greenwood, South Carolina, this 17th day of October, 2002. THE INSURED: /s/ Rxxxx X. Xxxxxx RXXXX X. XXXXXX

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee’s rights shall be subject to this Endorsement. The owner accepts and agrees to this Split Dollar Endorsement. Signed at Greenwood, South Carolina, this 17th day of October, 2002. CAPITALBANK By: /s/ W. G Sxxxxxx By Wxxxxxx X. Xxxxxxx Its President and Chief Executive Officer The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following beneficiaries of the portion of the proceeds described in (2) above: Primary beneficiary: Cxxxxxxxx Cxxxxxx X. Xxxxxx, wife Xxxxxx Relationship to Insured: Wife Spouse Secondary Beneficiary: Children equally “The Estate of” Relationship to Insured: Children N/A Signed at Greenwood, South Carolina, this 17th day of October, 2002. THE INSURED: /s/ Rxxxx X. Txxxxx T. Xxxxxx RXXXX X. TXXXXX T. XXXXXX

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee’s rights shall be subject to this Endorsement. The owner accepts and agrees to this Split Dollar Endorsement. Signed at Greenwood, South Carolina, this 17th 31st day of OctoberDecember, 20022003. CAPITALBANK By: By /s/ W. G Sxxxxxx Xxxxx X. Xxxxxx Its President and Chief Executive Officer CFO The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following beneficiaries of the portion of the proceeds described in (2) above: Primary beneficiary: Cxxxxxxxx Xxxxx X. Xxxxxx, wife Xxxxxxx Relationship to Insured: Wife Secondary Beneficiary: Children equally Relationship to Insured: Children W. Xxxxxx Xxxxxxx, son - 50 percent, Xxxxx X. Xxxxx, daughter - 50 percent Signed at Greenwood, South Carolina, this 17th 31st day of OctoberDecember, 20022003. THE INSURED: /s/ Rxxxx Xxxxxxx X. Xxxxxx RXXXX Xxxxxxx XXXXXXX X. XXXXXXXXXXXXX

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee’s rights shall be subject to this Endorsement. The owner accepts and agrees to this Split Dollar Endorsement. Signed at Greenwood, South Carolina, this 17th day of October, 2002. CAPITALBANK By: /s/ W. G Sxxxxxx By Wxxxxxx X. Xxxxxxx Its President and Chief Executive Officer The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following beneficiaries of the portion of the proceeds described in (2) above: Primary beneficiary: Cxxxxxxxx X. Xxxxxx, wife Olarah A. Xxxxxx Relationship to Insured: Wife Secondary Beneficiary: Children equally Mxxxx X. Xxxxxxx Relationship to Insured: Children Stepson Signed at Greenwood, South Carolina, this 17th day of October, 2002. THE INSURED: /s/ Rxxxx Jxxxx X. Xxxxxx RXXXX JXXXX X. XXXXXX

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee’s rights shall be subject to this Endorsement. The owner accepts and agrees to this Split Dollar Endorsement. Signed at Greenwood, South Carolina, this 17th 31st day of OctoberDecember, 20022003. CAPITALBANK By: By /s/ W. G Sxxxxxx Xxxxx X. Xxxxxx Its President and Chief Executive Officer CFO The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following beneficiaries of the portion of the proceeds described in (2) above: Primary beneficiary: Cxxxxxxxx Xxxx X. Xxxxxx, wife Xxxxx Relationship to Insured: Wife Secondary Beneficiarybeneficiary: Children equally Estate Relationship to Insured: Children Signed at Greenwood, South Carolina, this 17th 31st day of OctoberDecember, 20022003. THE INSURED: /s/ Rxxxx Xxxxx X. Xxxxxx RXXXX Xxxxx XXXXX X. XXXXXXXXXXX

OWNERS AUTHORITY. The Insurer is hereby authorized to recognize the Owner’s claim to rights hereunder without investigating the reason for any action taken by the Owner, including its statement of the amount of premiums it has paid on the Policy. The signature of the Owner shall be sufficient for the exercise of any rights under this Endorsement and the receipt of the Owner for any sums received by it shall be a full discharge and release therefore to the Insurer. Any transferee’s rights shall be subject to this Endorsement. The owner accepts and agrees to this Split Dollar Endorsement. Signed at Greenwood, South Carolina, this 17th day of October, 2002. CAPITALBANK By: /s/ By W. G Sxxxxxx X. Xxxxxxx Its President and Chief Executive Excutive Officer The Insured accepts and agrees to the foregoing and, subject to the rights of the Owner as stated above, designates the following beneficiaries of the portion of the proceeds described in (2) above: Primary beneficiary: Cxxxxxxxx Hxxxxxx X. Xxxxxx, wife Xxxxxx Relationship to Insured: Wife Spouse Secondary Beneficiary: Children equally Rxxxxxx Xxxxxx Relationship to Insured: Children Son Signed at Greenwood, South Carolina, this 17th day of OctoberOctober , 2002. THE INSURED: /s/ Rxxxx Hxxxx X. Xxxxxx RXXXX HXXXX X. XXXXXX