TAX SHARING AGREEMENTTax Sharing Agreement • January 24th, 2012 • Crescent Financial Bancshares, Inc. • State commercial banks • Delaware
This TAX SHARING AGREEMENT (“Agreement”), dated as of December 22, 2011, by and between Piedmont Community Bank Holdings, Inc., a Delaware corporation (“Parent”), by and on behalf of each Affiliate of Parent, and Crescent Financial Bancshares, Inc., a Delaware corporation (“Holdco”) and Crescent State Bank, a North Carolina state bank and a wholly-owned banking subsidiary of Holdco (“Bank”). Parent, its Affiliates, Holdco, and the Bank are sometimes collectively referred to herein as the “Parties” and individually as a “Party.” Certain capitalized terms used in this Agreement and not otherwise defined have the meanings ascribed to them in Section 1.1.
