Exhibit 10.12 EMPLOYMENT AGREEMENT This AGREEMENT ("Agreement") is made effective as of July 31, 2000, by and between SouthBanc Shares, Inc. (the "Holding Company"), and J. Edward Wells ("Executive"). Any reference to "Institution" or "Bank" herein...Employment Agreement • December 29th, 2000 • Southbanc Shares Inc • Savings institution, federally chartered • Delaware
