EMPLOYMENT AGREEMENTEmployment Agreement • August 18th, 2004 • CommunitySouth Bancshares Inc • National commercial banks • South Carolina
THIS EMPLOYMENT AGREEMENT (this "Agreement") dated as of March, 29th 2004, is made by and between CommunitySouth Bancshares, Inc., a South Carolina corporation (the "Company"), which will be the holding company for CommunitySouth Bank (Proposed), a proposed South Carolina state bank (the "Bank"), and C. Allan Ducker, III, 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.
EMPLOYMENT AGREEMENTEmployment Agreement • August 18th, 2004 • CommunitySouth Bancshares Inc • National commercial banks • South Carolina
THIS EMPLOYMENT AGREEMENT (this "Agreement") dated as of July 1, 2004, is made by and between CommunitySouth Bancshares, Inc., a South Carolina corporation (the "Company"), which will be the holding company for CommunitySouth Bank (Proposed), a proposed South Carolina state bank (the "Bank"), and John W. Hobbs, an individual resident of South Carolina (the "Executive").
ESCROW AGREEMENTEscrow Agreement • August 18th, 2004 • CommunitySouth Bancshares Inc • National commercial banks • South Carolina
THIS ESCROW AGREEMENT (this "Agreement") is entered into and effective as of the 14th day of July, 2004, by and between CommunitySouth Bancshares, Inc., a South Carolina corporation (the "Company"), and Bank of Tennessee, a Tennessee state bank (the "Escrow Agent").
Saxony Securities, Inc. AGREEMENTConsulting Agreement • August 18th, 2004 • CommunitySouth Bancshares Inc • National commercial banks
The following are the terms and conditions of an agreement dated as of August 5, 2004 (the "Agreement"), under which Saxony Securities, Inc., a Missouri corporation ("SSI"), will provide consulting services to and serve as a sponsoring dealer for CommunitySouth Bancshares, Inc. (the "Company") in connection with its subscription offering for a minimum of 1,130,000 and a maximum of 2,500,000 shares of the Company's common stock at a price of $10.00 per share (the "Subscription Offering"). The Subscription Offering will be made means of the prospectus (the "Prospectus") incorporated in a registration statement on Form SB-2 (together with any amendments thereto, the "Registration Statement") filed with the U.S. Securities and Exchange Commission ("SEC"), which will be provided to SSI. SSI and the Company are hereinafter referred to collectively as the "Parties."
ORGANIZER CONTRIBUTION AND JOINT VENTURE AGREEMENTOrganizer Contribution and Joint Venture Agreement • August 18th, 2004 • CommunitySouth Bancshares Inc • National commercial banks • South Carolina
THIS ORGANIZER CONTRIBUTION AND JOINT VENTURE AGREEMENT (the "Agreement") is entered into among the Organizers (as defined below) of a proposed bank to be located in Easley, South Carolina (the "Bank").
