0001193125-05-063503 Sample Contracts

GREER STATE BANK STOCK APPRECIATION RIGHTS AGREEMENT WITH R. DENNIS HENNETT
Stock Appreciation Rights Agreement • March 29th, 2005 • Greer Bancshares Inc • National commercial banks • South Carolina

THIS STOCK APPRECIATION RIGHTS AGREEMENT (the “Agreement”) is made and entered into this 13th day of July, 2004, by and between GREER STATE BANK, a state-chartered commercial bank located in Greer, South Carolina (the “Company”) and R. DENNIS HENNETT (the “Executive”).

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