GREER STATE BANK AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT WITH KENNETH M. HARPER First Amendment

Exhibit 10.1

XXXXX STATE BANK

AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT

WITH XXXXXXX X. XXXXXX

First Amendment

WHEREAS, Xxxxx State Bank (“Company”) and Xxxxxxx X. Xxxxxx (“Executive”) established an Amended and Restated Salary Continuation Agreement on July 31, 2007 (“Agreement”)

WHEREAS, the Company and Executive wish to amend the Agreement; and

WHEREAS, Paragraph 7.1 of the Agreement allows for amendment of the Agreement by a written agreement signed by the Company and the Executive;

NOW, THEREFORE, the Company and the Executive mutually do covenant and agree to make the following amendment to the Agreement, effective as of December 31, 2008:

The First Paragraph of Section 2.4 is deleted and is hereby changed to read as follows:

2.4 Change of Control Benefit. Upon Termination of Employment prior to Normal Retirement Age but within two (2) years following a Change of Control (other than by reason of Disability), the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

IN WITNESS WHEREOF, the Company and the Executive have caused this First Amendment to the Agreement to be adopted and this document executed this 30^th day of December, 2008.

IN THE PRESENCE OF:
/s/ Xxxxx X. Xxxx				/s/ Xxxxxxx X. Xxxxxx
				Xxxxxxx X. Xxxxxx (Executive)
/s/ Xxxxx X. Xxxxxxxx
				XXXXX STATE BANK (Company)
/s/ Xxxxx X. Xxxx
				By:		/s/ Xxxxxx Xxxxx
/s/ Xxxxx X. Xxxxxxxx						Xxxxxx Xxxxx, Chairman of the Board