0001040799-15-000004 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 31st, 2015 • Four Oaks Fincorp Inc • State commercial banks • North Carolina

This Employment Agreement (the “Agreement”) is made and entered into effective as of June 23, 2014 (the “Effective Date”), by and between Four Oaks Bank & Trust Company (the “Bank”), and David H. Rupp (“Employee”).

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CONSULTING AGREEMENT
Consulting Agreement • March 31st, 2015 • Four Oaks Fincorp Inc • State commercial banks • North Carolina

This Consulting Agreement (this “Agreement”) is entered into as of October 1, 2014, by and between Four Oaks Bank & Trust Company (the “Bank”), and Clifton L. Painter (“Consultant”). Bank and Consultant may be collectively referred to herein individually as a “Party” and collectively as the “Parties.”

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