0001047469-04-037845 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • December 21st, 2004 • Independence Bancshares, Inc. • South Carolina

THIS EMPLOYMENT AGREEMENT (this "Agreement") dated as of November 1, 2004, is made by and between Independence Bancshares, Inc., a South Carolina corporation (the "Company"), which will be the holding company for Independence National Bank (Proposed), a proposed national bank (the "Bank"), and David L. Shelnutt, an individual resident of South Carolina (the "Executive").

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ESCROW AGREEMENT
Escrow Agreement • December 21st, 2004 • Independence Bancshares, Inc. • Georgia

THIS ESCROW AGREEMENT (this "Agreement") is entered into and effective as of the day of , 2004, by and between Independence Bancshares, Inc., a South Carolina corporation (the "Company"), and The Bankers Bank (the "Escrow Agent").

INDEPENDENCE BANCSHARES, INC. STOCK WARRANT AGREEMENT
Independence Bancshares, Inc. • December 21st, 2004
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