EMPLOYMENT AGREEMENTEmployment Agreement • March 31st, 2006 • Atlantic Bancshares, Inc. • State commercial banks • South Carolina
THIS EMPLOYMENT AGREEMENT (this “Agreement”) dated as of December 27, 2005, is made by and between Atlantic Bancshares, Inc., a South Carolina corporation (the “Employer” or the “Company”), which is the holding company for Atlantic Community Bank (Proposed), a proposed South Carolina state bank (the “Bank”), and Anthony G. Schob, an individual resident of South Carolina (the “Executive”). Each of the Organizers of the Bank shall also be a party to this Agreement until the date the Bank opens.
ATLANTIC BANCSHARES, INC. STOCK WARRANT AGREEMENTStock Warrant Agreement • March 31st, 2006 • Atlantic Bancshares, Inc. • State commercial banks
Atlantic Bancshares, Inc. (the “Company”), a South Carolina corporation and the holding company for Atlantic Community Bank (proposed) (the “Bank”), hereby grants to the person identified above as the Warrant Holder warrants (the “Warrants”) to purchase the number of shares set forth above, representing one share of common stock for every share of common stock purchased by the Warrant Holder in the Company’s initial public offering (provided that the maximum number of shares which may be covered by this Warrant is 10,000 shares), in consideration of the financial risk associated with Warrant Holder’s investment in the Company during its organizational stage and the time, expertise, and continuing involvement of the Warrant Holder in the management of the Bank. Such Warrants are granted on the following terms and conditions:
LEASELease Agreement • March 31st, 2006 • Atlantic Bancshares, Inc. • State commercial banks
THIS LEASE, dated this 24th day of January, 2006, by and between CAROLINA PARTNERS, LLC (“Landlord”) and Atlantic Bancshares, Inc. (Tenant), hereinafter designated in Section 1.4 hereof.
STATE OF SOUTH CAROLINA ) COMMERCIAL SPACE LEASE COUNTY OF BEAUFORT ) UNIT #108Lease Agreement • March 31st, 2006 • Atlantic Bancshares, Inc. • State commercial banks • South Carolina
THIS COMMERCIAL SPACE LEASE made as of this 1st day of January, 2006, by and between ANTHONY G. SCHOB (“Landlord”) and ATLANTIC BANCSHARES (“Tenant”).
