PROMISSORY NOTEPromissory Note • August 7th, 1998 • Uwharrie Capital Corp • State commercial banks
This Note is executed pursuant to the Installment Purchase Plan (the "Purchase Plan") of the Holder outlined in its Prospectus dated ___________, 1998 (the "Prospectus"), regarding its offering of up to 850,000 shares of its common stock (the "Offering"). The Purchase Plan provides that accountholders in the Bank of Stanly, a subsidiary of the Holder, purchasing 500 shares or less in the Offering, and meeting certain credit standards of the Holder, may purchase their shares pursuant to the Purchase Plan.
