EXHIBIT 1.3
[crescent logo]
CRESCENT FINANCIAL CORPORATION
SUBSCRIPTION AGREEMENT
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Subject to the terms of the subscription offering described in the Crescent
Financial Corporation prospectus dated ______, 2002, I hereby subscribe for the
number of shares of common stock of Crescent Financial Corporation, a North
Carolina corporation ("Crescent"), set forth below at a purchase price of $9.25
per share. Enclosed with this Subscription Agreement is my check or money order
made payable to "Crescent Financial Corporation--Escrow Account" evidencing
$9.25 for each share subscribed for, which funds are to be held in escrow as
described in the prospectus.
I understand that Crescent, in its sole discretion, may reject any
oversubscription in whole or in part and, in the event of such oversubscription,
may allot to me fewer shares than I have subscribed for. In the event the
subscription offering is terminated, funds paid under this Subscription
Agreement will be returned to me with interest earned.
I certify that I have received the prospectus and that I am relying on no
representations other than those set forth in the prospectus. I understand that
when this Subscription Agreement is executed and delivered, it is irrevocable
and binding upon me. I further understand and agree that my right to purchase
shares hereunder may not be assigned or transferred to any third party without
the express written consent of Crescent.
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Signature * Additional Signature
(if required)
Date _________________________
* If joint tenancy, tenancy-by-the-entirety or tenants in common is desired,
both names and signatures are required; if a corporation, this Agreement must be
executed by its president; if a trust, by all trustees; if by a partnership, by
any general partner.
Please complete the reverse side.
Accepted by:
CRESCENT FINANCIAL CORPORATION
By: __________________________________
Name: _________________________ Date: ________________________
Title: __________________________
CRESCENT FINANCIAL CORPORATION
STOCK REGISTRATION FORM
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(Please Print)
Number of Shares Subscribed: ________________________________________________
Aggregate Price Included ($9.25 per share): __________________________________
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Name(s) in which stock is to be registered
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Address (Street or Post Office Box)
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City, State and Zip Code
(_____)____________________________ (_____)_____________________________
Daytime Phone Evening Phone
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Taxpayer I.D. (Social Security Email Address
Number)
Legal form of ownership:
|_| Individual |_| Joint Tenants with Right of Survivorship
|_| Tenants in Common |_| Uniform Transfers to Minors
|_| Tenancy-by-the-entirety |_| Other: __________________________
To subscribe for shares of common stock, mail this completed subscription
agreement to the following address:
Crescent Financial Corporation
Attention: Corporate Secretary
0000 Xxxx Xxxxx Xxxx
Xxxx, Xxxxx Xxxxxxxx 00000
Any questions concerning subscriptions or the subscription offering may be
directed to the above address or to Xxxxx X. Xxxxx at (000) 000-0000.
