0001193125-04-051879 Sample Contracts

DIRECTOR DEFERRAL PLAN AGREEMENT
Agreement • March 29th, 2004 • South Street Financial Corp • Savings institutions, not federally chartered • North Carolina

THIS AGREEMENT, made and entered into this 27th day of June, 2003, by and between Home Savings Bank of Albemarle, SSB, a Bank organized and existing under the laws of the State of North Carolina, (hereinafter referred to as the “Bank”), and R. Ronald Swanner, a Director of the Bank, (hereinafter referred to as the “Director”).

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LIFE INSURANCE ENDORSEMENT METHOD SPLIT DOLLAR PLAN AGREEMENT
Method Split Dollar Plan • March 29th, 2004 • South Street Financial Corp • Savings institutions, not federally chartered • North Carolina

The respective rights and duties of the Bank and the Insured in the above-referenced policy shall be pursuant to the terms set forth below:

EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN AGREEMENT
Agreement • March 29th, 2004 • South Street Financial Corp • Savings institutions, not federally chartered • North Carolina

THIS AGREEMENT is made and entered into this 27th day of June, 2003, by and between the Home Savings Bank of Albemarle, SSB, a bank organized and existing under the laws of the State of North Carolina (hereinafter referred to as the “Bank”), and R. Ronald Swanner, an Executive of the Bank (hereinafter referred to as the “Executive”).

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