0001193125-06-060983 Sample Contracts

STATE OF NORTH CAROLINA COUNTY OF CUMBERLAND
Employment Agreement • March 22nd, 2006 • New Century Bancorp Inc • State commercial banks • North Carolina

THIS AGREEMENT entered into as of March 1, 2004 by and between NEW CENTURY BANK of FAYETTEVILLE (hereinafter referred to as the “Bank”) and William L. Hedgepeth, II (hereinafter referred to as “Employee”).

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AGREEMENT AND PLAN OF MERGER by and between PROGRESSIVE STATE BANK and NEW CENTURY BANK SOUTH and NEW CENTURY BANCORP, INC.
Merger Agreement • March 22nd, 2006 • New Century Bancorp Inc • State commercial banks • North Carolina

THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”) is entered into as of the 2nd day of February, 2006 by and between PROGRESSIVE STATE BANK, a North Carolina banking corporation (“PSB”), NEW CENTURY BANK SOUTH, a North Carolina banking corporation (the “Bank”) and NEW CENTURY BANCORP, INC., a North Carolina corporation and registered bank holding company (“Bancorp”);

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