Common use of Sales by the Underwriter Clause in Contracts

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks for payment of Public Offering Shares payable to “Waccamaw Bankshares, Inc. Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks check for payment of Public Offering the Shares payable to “Waccamaw Bankshares, Inc. "AmericasBank Corp. Public Offering Escrow Account.” " In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “"Escrow Agent”") by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the NASD that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks for payment of Public Offering the Shares payable to “Waccamaw Bankshares, Inc. Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks check for payment of Public Offering the Shares payable to “Waccamaw Bankshares, Inc. Alliance Bankshares Corporation Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the National Association of Securities Dealers, Inc. (the “NASD”) that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks for payment of Public Offering the Shares payable to “Waccamaw Hampton Roads Bankshares, Inc. Public Offering Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the NASD that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks check for payment of Public Offering the Shares payable to “Waccamaw BanksharesOld Line Bancshares, Inc. Public Offering Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the NASD that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks for payment of Public Offering the Shares payable to “Waccamaw Bankshares, Inc. Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks check for payment of Public Offering the Shares payable to “Waccamaw Bankshares, Inc. Millennium Bankshares Corporation Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the National Association of Securities Dealers, Inc. (the “NASD”) that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes you propose to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All purchasers subscribers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks check for payment of Public Offering the Shares payable to “Waccamaw Bankshares, Inc. "Guaranty Financial Corporation Escrow Account.” " In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers subscribers to SunTrust Bank_____________, the escrow agent (the “"Escrow Agent”") by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the National Association of Securities Dealers, Inc. (the "NASD") that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration ----------------------- Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks check for payment of Public Offering the Shares payable to “Waccamaw Bankshares"Community First Bancorp, Inc. Escrow Account.” " In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “"Escrow Agent”") by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the NASD that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks check for payment of Public Offering the Shares payable to “Waccamaw Bankshares, Inc. AmericasBank Corp. Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the NASD that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.. XxXxxxxx & Company, Inc. March 6, 2006

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission SEC Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks for payment of Public Offering the Shares payable to “Waccamaw BanksharesCNB Bancorp, Inc. Public Offering Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the NASD that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital of not less than $25,000 pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks for payment of Public Offering the Shares payable to “Waccamaw Bankshares"CommerceFirst Bancorp, Inc. Public Offering Escrow Account.” " In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “"Escrow Agent”") by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the NASD that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares Units to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares Units shall be instructed to make their checks for payment of Public Offering Shares the Units payable to “Waccamaw Bankshares, Inc. Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank__________, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares shall be instructed to make their checks check for payment of Public Offering the Shares payable to “Waccamaw Bankshares, Inc. AmericasBank Corp. Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA the NASD that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA the NASD and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.. XxXxxxxx & Company, Inc. , 2006

Sales by the Underwriter. It is understood that, after the Registration Statement becomes effective, the Underwriter proposes to sell the Public Offering Shares Units to the public as agent for the Company upon the terms and conditions set forth in the Prospectus. The escrow procedures established by the Underwriter shall comply with Commission Rule 15c2-4 promulgated under the Exchange Act. All purchasers to whom the Underwriter directly sells Public Offering Shares Units shall be instructed to make their checks for payment of Public Offering Shares the Units payable to “Waccamaw Bankshares, Inc. Escrow Account.” In addition, the Underwriter shall comply with Rule 15c2-4. The Underwriter shall transmit all funds that it receives from purchasers to SunTrust Bank, the escrow agent (the “Escrow Agent”) by noon of the next business day following receipt thereof. Only broker/dealers who are either (i) members in good standing of FINRA that are registered XxXxxxxx & Company, Inc. , 2010 with FINRA and maintain net capital pursuant to Rule 15c3-1 promulgated under the Exchange Act of not less than $25,000 or (ii) dealers with their principal places of business located outside the United States, its territories and its possessions and not registered as brokers or dealers under the Exchange Act, who have agreed not to make any sales within the United States, its territories or its possessions or to persons who are nationals thereof or residents therein shall be designated selected dealers by the Underwriter. The Underwriter shall require all selected dealers to comply with Rule 15c2-4.