Amendment to Endorsement Split Dollar AgreementEndorsement Split Dollar Agreement • November 7th, 2011 • Crescent Financial Corp • State commercial banks
This Amendment to Endorsement Split Dollar Agreement (this “Amendment”) is entered into effective as of this 2nd day of November, 2011 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Bruce W. Elder (the “Executive”), and amends that certain Endorsement Split Dollar Agreement effective as of October 1, 2003 among the aforesaid parties (the “Agreement”).
VOTING AGREEMENTVoting Agreement • November 7th, 2011 • Crescent Financial Corp • State commercial banks • North Carolina
VOTING AGREEMENT, dated as of October 31, 2011 (this “Agreement”), by and among Piedmont Community Bank Holdings, Inc., a Delaware corporation (“Investor”), and Jon S. Rufty (the “Shareholder”).
Crescent Financial Corporation Cary, North Carolina 27513Crescent Financial Corp • November 7th, 2011 • State commercial banks
This letter amends the employment agreement dated 2/23/11 between Crescent Financial Corporation, Crescent State Bank, and you (“Employment Agreement”). All capitalized terms used but not defined in this letter have the meanings set forth in the Employment Agreement , and all provisions in the Employment Agreement remain the same except as set forth below.
AMENDMENT NO. 2 TO INVESTMENT AGREEMENTInvestment Agreement • November 7th, 2011 • Crescent Financial Corp • State commercial banks • North Carolina
Amendment No. 2, dated as of November 2, 2011 (the “Amendment”), to the Investment Agreement, dated as of February 23, 2011, by and among Piedmont Community Bank Holdings, Inc., a Delaware corporation (“Investor”), Crescent Financial Corporation, a North Carolina corporation (the “Company”) and Crescent State Bank, a North Carolina state bank and a wholly-owned banking subsidiary of the Company (the “Bank”), as previously amended by that certain first Amendment, dated as of March 24, 2011 (as amended, the “Investment Agreement”). Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them by the Investment Agreement.
PARTIAL RELEASE OF VOTING AGREEMENTPartial Release of Voting Agreement • November 7th, 2011 • Crescent Financial Corp • State commercial banks • North Carolina
This Partial Release of Voting Agreement (“Agreement”) is entered into this 2nd day of November, 2011, by and between Piedmont Community Bank Holdings, Inc., a Delaware corporation (“Piedmont”), and Michael G. Carlton (the “Shareholder”).
