REVOLVING CREDIT NOTERevolving Credit Note • May 7th, 2009 • Southern First Bancshares Inc • National commercial banks • North Carolina
FOR VALUE RECEIVED, the undersigned, SOUTHERN FIRST BANCSHARES, INC., a South Carolina corporation and a bank holding company (the "Borrower"), hereby promises to pay to the order of SILVERTON BANK, NATIONAL ASSOCIATION (the "Lender"), as provided for in the Loan Agreement (as defined below), the lesser of (i) the principal sum of $4,000,000.00 or (ii) the aggregate unpaid principal amount of all Revolving Credit Loans made by the Lender to the Borrower pursuant to that certain Amended and Restated Loan Agreement, by and between the Borrower and the Lender, dated of even date herewith (as amended, modified or supplemented from time to time, the "Loan Agreement"). The Borrower hereby further promises to pay to the order of the Lender interest on the unpaid principal amount of this Revolving Credit Note ("Note") from time to time outstanding at the rate or rates per annum determined pursuant to Article II of, or as otherwise provided in, the Loan Agreement, and with such amounts being pa
