0001193125-05-185582 Sample Contracts

CONSULTING AND NON-COMPETITION AGREEMENT
Consulting and Non-Competition Agreement • September 14th, 2005 • Citizens South Banking Corp • Savings institution, federally chartered • North Carolina

THIS CONSULTING AND NON-COMPETITION AGREEMENT (the “Agreement”), dated as of May 25, 2005, by and between Citizens South Bank, a federally-chartered stock savings bank (the “Bank)”, and David C. McGuirt, an individual residing at 2542 Roundtable Road, Monroe, North Carolina 28110 (the “Consultant”).

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EMPLOYMENT AGREEMENT
Employment Agreement • September 14th, 2005 • Citizens South Banking Corp • Savings institution, federally chartered • North Carolina

This EMPLOYMENT AGREEMENT is entered into effective as of this 25th day of May, 2005, by and between Citizens South Banking Corporation, a Delaware corporation and sole owner of Citizens South Bank, a federally chartered savings bank, and David C. McGuirt (the “Executive”). Citizens South Banking Corporation and Citizens South Bank are hereinafter sometimes referred to together or individually as “Citizens South.”

TRINITY BANK SUPPLEMENTAL AGREEMENT
Supplemental Agreement • September 14th, 2005 • Citizens South Banking Corp • Savings institution, federally chartered • North Carolina

This SUPPLEMENTAL AGREEMENT (this “Agreement”) is executed as of this 25th day of May 2005, by and between Trinity Bank, Citizens South Bank (the “Bank”) and David C. McGuirt (the “Executive”).

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